Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1860-1861

XXXII INSUEANCE DIEECTOEY.'
THE ROTAL INSURANCE COMPANT.
dDapttal, 9rto0 Jlillfons, in 100,000 S^am of 1E20 tad).
13 GEOKGE STEEET, EDINBURGH.
COMMERCIAL BANK BUILDINGS, GORDON STREET, GLASGOW.
EDINBTJRGH-13 GEORGE STREET.
Local Manager— J simes Milligan, S.S.C. Medical Officer— 11. D. Littlejohn, M.D., F.E.C.S.
Surveyor — Archibald Scott, Architect, 10 Teviot Eovv.
Bankers — National Bank of Scotland.
GLASGOW-COMMERCIAL BA3JK BUILDINGS, GORDON STREET.
Local Manager — Thomas Frame. Medical Officer — E. Dunlop Tannahill, M.D.
Surveyor — William Eamsay, 37 West George Street.
Bankers — Commercial Bank of Scotland.
FIRE BRANCH.
Article in the " Times'''' of the 6th August 1859. — " At the Aimual Meeting of the Eoyal Insm--
ance Company yesterday, the Eeport for the year 1858 stated that the premiums received in the Fire
Department amounted to £196,148, shewing an increase of £66,088, or more than 50 per cent, in
three years. A dividend of 3s., and a bonus of 4s. per share were declared, free of income-tax, and
£30,000, being the amount of undivided profits, was carried to the Eeserved Fund, now raised to
£140,850. In the Life Department 832 New Policies were issued in the year, assuring £387,752,
upon which £12,354 was received in new premiums."
The following figures exhibit the rapid growth, and increasing resources of the Company —
Fire Premiums, 1848, . £31,346
„ 1850, . 44,027
„ 1852, . 76,925
„ 1854, . 128,459
Funds in hand to meet any Claims, over £700,000
Fire Premiums, 1856, . £151,733
„ 1858, . 196,148
„ 1 859, upwards of 230,000
Total Annual Eevenue exceeds £300,000.
LIFE BRANCH.
large Bonus Declared, £3 per cent, per Annum on the Sum Assured.
Example— Policy £1000, dated 1845.
180 Bonus declared 1855.
£1180 Sum now insured, subject to future increase.
Division every Five Years to Policies then in existence two entire years.
PROGRESS OF THE LIFE BRANCH.
Statement of the New Life Business effected for each alternate year, from 1848 to the year 1858.
Net New Business after deducting Guarantees : —
No. of Pi>lioies. Sum Assured. New Premiums.
1848 98 £48,764 17 £1,380 9 1
1850 190 95,650 9 11 2,627 4 7
18.52 <122 181,504 10 6 5,828 5 10
1854 40S 161,848 13 4 4,694 16
1856 703 297,560 16 8 8,850 3 11
1858 832 387,752 6 8 12,354 3 4
PEECY M. DOVE, Actuary and Manager.
Extracts from Newspapers regarding the Progress of the Company: —
The City Article of The Times, of the 24th July 1856, states, that the transactions of the Eoyal
Insurance Company "appear to have been of a perfectly satisfactory character."
Tait's Edinburgh Magazine. — " The Company at their last meeting placed one half of the
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