- GOOD INSURANCE RESULTS.
The results so far announced for the past year by leading insurance companies are of a highly satisfactory character. Indeed, for the most part, it seems to be again a case of establishing fresh records. Thus, the Pearl Assurance Company reports record new business in its " Ordinary " branch of £11,924,979, sums assured under 41,045 new policies, comparing with £10,215,575 in 1927, when the policies were only 37,750.
The London Life Association has also done well, the new business reported amounting to £2,502,912, which is a fresh record, comparing with £2,206,912 for the previous year. The National Mutual Life Assurance Society of London reports net new life business of 21,007,389 under 683 policies, the gross figure, before deducting reassurances, having been £1,131,214. Here again, it is a case of a fresh high record, the company, moreover, having for the first time exceeded the 11,000,000 mark in the matter of new business. The company announces that the annual reversionary bonus for 1928 will be maintained at 45s. per cent. compound, with the special addition of 6s. per cent. to whole life participating policies.
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A. W. K.
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