AN EXCELLENT INSURANCE REPORT.
The annual Report of the Pearl Assurance Company is a good one, showing progress in all directions. In the industrial branch there was an advance in the premium income to £5,965,052, being an increase for the year of £182,848. The valuation also showed a surplus of 2835,237, including £82,685 brought forward. Including the amount of £67,984 brought forward from the previous year, the Ordinary branch also showed a surplus of £730,572, which was higher than that disclosed in the previous year. The company maintains its former rate of bonus and has added to participating policies at 42s. per cent. of sums assured. There is a total surplus disclosed of £1,065,809, of which £504,572 is divided among the policy holders, while £301,143 goes to Prat and Loss, £100,000 to Staff Pension Fund, and 1160,094 is carried forward.
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