‹‹‹ prev (870)

(872) next ›››

(871)
ADVERTISEMENTS. 159
TWENTY-NINTH ANNUAL REPORT, 1855.
RESULTS OF THE BUSINESS FOR THE YEAR ENDING 15th NOV., 1854.
The Number of Proposals for Assurance made to the Directors during the Year was 1265
The Number of Proposals accepted during the same period was 1046
And with Annuity transactions accepted, to the number of. 40
Makes the transactions of the Year 1086
being an increase of 171 Policies as compared with the largest number issued in any
previous Year.
The amount of Sums proposed for Assurance was £622,200 8 5
The amount of Sums contained in Policies issued was 515,117 7
The difference £107,083 1 5
being the amount of the declined Proposals. And it is curious to remark, as
evincing the continued care bestowed in the selection of Lives, that the accepted
and declined Proposals for many years have borne the same relative proportion.
It will also be observed that the average amount of each Policy has been nearly
£500 — a result which, in the management of Life Assurance Institutions, is con-
sidered a very favourable feature in the transaction of business.
The Annual Premiums corresponding to the New Assurances amount to £16,650 2
The Amount of Claims by Death was £89,428 13 10
And with Bonus Additions 5,932 7 2
Makes in all £95,361 1
The amount of Claims is greater than in the previous year by £5861. 6s. 2d. ;
but it is only in proportion to the extended business of the Company.
The Annual Revenue at 15th November, 1854, had reached £218,968. 16s. 5d., being
an increase on the year of £13,936. 2s.
YEARLY RESULTS OF THE NEW BUSINESS SINCE 1844:-
Sums Assured. Annual Premiums.
1845— Bonus Year £446,026 12 10 ... £14,979 8 10
1846 368,679 7 10 ... 12,846 4 10
1847 443,578 4 11 ... 16,140 1
1848 395,864 12 5 ... 12,200 9 5
1849 429,371 17 1 ... 14,743 4 8
1850— Bonus Year 509,147 10 6 ... 17,550 14 9
1851 467,499 8 1 ... 15,240 2 11
1852 445,799 6 6 ... 15,145 15 6
1853 455,248 17 1 ... 14,886 9 3
1854 515,117 7 ... 16,650 2
New Business in 10 Years £4,476,333 4 3 ... £150,382 10 5
Annual Average £447,633 6 5 ... £15,038 5
THE BONUS YEAR.
The FIFTH DIVISION OF PROFITS will be made at 1 5th November, 1855, and
all persons who now effect Assurances will secure a right to participate to the extent of
One Year's Bonus, and obtain a larger proportional Share at future Divisions than later
entrants. The Fund to be divided will be derived from the Profits which have arisen
since 1850.
DIVISION OF PROFITS.
A very large portion of the Profits of this Company is allocated periodically to the
Assured on the principle of a Tontine. Divisions have already taken place at four
periods, viz., 1835, 1840, 1845, and 1850.

Images and transcriptions on this page, including medium image downloads, may be used under the Creative Commons Attribution 4.0 International Licence unless otherwise stated. Creative Commons Attribution 4.0 International Licence