THE LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. LTD.
105TH ANNUAL REPORT
IN a statement circulated with the 105th annual report of the Liver- pool and London and Globe Insurance Company, Limited, the Chairman, Mr. A. Kentish Barnes, indicated that the company's report for 1940 showed satisfactory progress though not quite attain- ing the 1939 standard.
New life figures were lower at £1,390,963, reflecting the average experience of offices generally. Fire business, at home and overseas, showed well-maintained premiums at £3,826,861, but higher losses at £1,761,384. Good progress had been made in the accident depart- ment, premiums being £4,606,441, and claims £2,345,813. Marine premiums rose to £885,597. Underwriting profits totalled £644,458. Interest to profit and loss account was £374,205, and the balance carried forward was £1,459,21t. The directors recommended a dividend payment of 13s. 6d., making 27s. per share, less tax; for the year, being the same as for 1939.