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RECORDS OF BUSINESS.
Here are some of the record figures disclosed by Life Insurance companies in announcing their results. The Atlas reports new Life business for 1934, after deducting reassurances, of about £3,200,000, which is about £350,000 more than for 1933. The. Commercial Union Assurance reports new Life business for the year of (gross) £5,010,870 (against £4,158,389) • net £4,630,681 (against 13,930,545)., The amount of Annuities was £76,998 per annum against! £68,381. The " Old Equitable " issued new policies for the year assuring nearly £1,500,000 net, in addition to Sinking Fund insurances of over £300,000 and Deferred Annuities to provide over £100,000 a year. The new Life assurance under- taken was about one-third more than in 1933.—The Equity and Law Life Assurance Society state that during the year the total gross sums assured under Life policies amounted to £3,279,195 (£2,909,577 net). Sinking Fund policies for £653,377 were also issued, and in addition £2,055,899 was received as consideration for Annuities . granted.—The Gresham Life Assurance Society announces that the new busi- ness for the year will exceed £2,800,000, after deducting reassurances, an increase of over £500,000 on the previous year. The quinquennial valuation is now being made and the result is to be announced towards the middle of the year.
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