INSURANCE COMPANY FIGURES.
The balance-sheet of the South British Insurance Company for the year ended 31st August shows that interest and rents after payment of income tax amounted to £117,490 9s Id, and the surplus on the underwriting account (after making full provision for losses outstanding") is £82,171 3s 6d. The recent balancesheet of the New Zealand Insurance Company showed "net income from interest and rents," £117,239 10s 2d, and surplus on year's operations ("after providing for all ascertained losses, depreciation of investments, and taxation"), £80,158 9s 3d. The figures are remarkably parallel, but the point of the situation—so far as this paragraph is concerned— t_ the, strength of the investments in both cases. Even when insurance business is undergoing a lean time, the dividend-paying power is secure In investments, the security value of which appears to be unexceptionable. The South British proposes to pay a dividend for the whole year of 2s 2d per share To reserve £75,000 is to be added, and the carry forward is stated at £167,735 lis Cd. The annual meeting will he held on the 28th •October. The South British dividend absorbs £lll v 761 for the year; the New Zealand Insurance dividend, £125,000.
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Bibliographic details
Evening Post, Volume CXII, Issue 96, 20 October 1926, Page 11
Word Count
200INSURANCE COMPANY FIGURES. Evening Post, Volume CXII, Issue 96, 20 October 1926, Page 11
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