24 MAY 1935, Page 40

PHOENIX ASSURANCE.

The Report of the Phoenix Assurance Company for the past year shows good results, especially as regards the Fire Account 'where there was an underwriting profit of £204,000 from a premium income of £2,782,000, representing a ratio of 9.4 per cent. against pi per cent. in 1933 and a small loss in the previous year. In the Accident Department the results were somewhat less favourable,- but the Life profits amounted to £88,785, against 165,000, the increased profit resulting from the quinquennial valuation' of the Law Life Fund giving £68,785 as the shareholders' proportion of surplus, to- which was added £20,000 from the profits of the non- participating Fund of the Phoenix.

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