MORE INSURANCE RESULTS
ALLIANCE ASSURANCE.
IN spite of the fact that the result of the Fire Account was not so good as in 1935, the report of the Alliance Assurance for 1936 is a satisfactory one and the underwriting depart- ments have produced very satisfactory results. In particular, the Accident Departments show that, while premiums have increased by £6o,000, no less than 25 per cent. of that additional income has been retained as profits. Including interest, the Accident Department transfers £223,341 to Profit and Loss. From the Fire Account the amount trans- ferred is £387,037 as against £435,077 in the previous year. In the Life Department new business amounted to £3,525,540 net, and the combined Life Accounts-produced a total premium income of £1,508,346 against £1,469,733 in 1935. The dividend of as. per share is unchanged.
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CALEDONIAN.
For the past year the net new Life business of the Caledonian Insurance Company amounted to £2,039,320 sums assured as against £1,685,886 for 1935, and the Fund has been increased by £211,932 after transfer of shareholders' proportion of profit for the triennium. The triennial valuation showed an increase of £2,643,680 in the sums assured and bonuses, and the net rate of interest on the Fund over the three years was £4 OS. 3d., while the rates of interest adopted for the valuation were 21 per cent. for the assurances against 3 per cent. in previous valuations, and 3 per cent. for annuities. After allowing for an additional Reserve of £3o,000 for Contingencies, the surplus amounts to £466,370 and bonuses have been declared on the participating policies of £2 2S. per cent. on the sum assured in respect of whole life policies, £2 per cent. on
endowments and a cash bonus of 15 per cent. of premiums paid during the triennium on Class B assurances.
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EAGLE STAR.
At the recent annual meeting of the Eagle Star and British Dominions Insurance Sir Edward Mountain, the Chairman, was able to give an excellent account of the past year's opera- tions, the Life Department showing a very large expansion of new business, while the quinquennial valuation disclosed a gross surplus in the Participating section of £339,087, of which it is proposed to distribute £318,955, carrying the balance forward. The directors are declaring a simple reversionary bonus at the rate of 2 per cent. per annum in the ordinary with-profits section, while in the Abstainers' section the declaration on whole-life policies with full premiums is a simple reversionary bonus of £2 25. per cent. per annum, and on Endowment assurances a bonus of £2 Is. per cent. per annum. In the case of policies with reduced premiums the corresponding bonus is declared of 28s. per cent. and 27s. per cent. per annum respectively. In view of these results and the strong position of the Life Fund, the directors have decided, for the present, to pay an interim bonus of £2 per cent. per annum on all participating policies becoming claims by death or maturity during the current quinquennium effected under the company's Ordinary section and the
Abstainers' full premium section. A. W. K.
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