OYAL INSURANCE COMPANY, LIMITED
a statement circulated with the 97th annual report of the Royal In- ance Company, Limited, the chairman, Mr. A. Kentish Barnes, icated that fire premiums totalled L5)754,087, and losses £2,625,849. nderwriting profit was £413,649, or 7.19 per cent. Home fire premiums increased slightly but losses were still abnormally heavy. United ales business reflected similar experience
Accident and general premiums increased to £6,579,577. Claims were 3.022,603. Underwriting profit £528,295 (8.03 per cent.) was nearly same RS in 1940.
The 1940 .marinc account closed with £249,685 profit
Total underwriting profits (including £46,000 shareholders' proportion life profits) were £1,237,629, against £898,627 in 1940.
Net new life business completed was £3,195,000 (£2,981,0o0 in 1940).
Profit and loss account has been credited with £867,161 for interest, after providing for final dividend and other outgoings, a talance of 307,039 was carried forward
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