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SOME INSURANCE RESULTS.
For three years in succession the Royal Exchange Assurance declared dividends at the rate of 25 per cent., the rate having been raised in 1923 from 18 per cent. Now, however, a still further increase has taken place, the final dividend of 17 per cent. to be recommended to the next General Court, making 27 per cent. for last year, less tax. It is scarcely surprising that the stock of the Company should have risen further on this announcement. • *' * The valuation made by the Atlas Assurance in its Life Departments as at the end of last year disclosed a total surplus of no less than £187,901. The Interim rate of bonus is raised from 36s. to 42s. per cent. per annum, calculated on the sum assured and existing bonuses. All departments continue to show satisfactory progress, and the Life and Annuity Fund increased during the year by £471,000, and now stands at £5,329,000. Profits also advanced and the dividend is again at the rate of 15s. per share, free of tax.
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