PROGRESS OF THE LIFE BRANCH
“New Policies for the Year ending
| POLICIES ISSUED. | SUM ASSURED. | PREMIUM | ||
| JUNE, | 1855 | 396 | £166,864 | £4,867 |
| ,, | 1856 | 654 | 288,321 | 8,370 |
| ,, | 1867 | 756 | 391,158 | 11,894 |
“Thus the New Assurers for the Year ending June, 1857, are 160 per Cent. above those for the Year ending June, 1855.”
STATEMENTS OF THE “LONDON TIMES.”
The City Article of the “London Times” of the 24th July, 1156, states that the transactions of the Royal Insurance Company “appear to have been of a perfectly satisfactory character.” It includes the following statements confirmatory of that opinion:—
PREMIUMS.
The Premiums of Nine Offices enumerated, are statedto be | £824,924 |
Of which The Royal alone amount to | 371,957 |
being 82 per Cent. of the accumulatedPremiums of the remaining Eight Companies. | |
EXPENDITURE.
The Times’ Article exhibits the Expenditure likewise of the “Royal” in most favourable contrast to that of others. The statement of “The Times” has elicited the following remarks from a contemporary:—Here again, the Royal Insurance Company occupies a position of honourable pre-eminence; for while its expense of management, spread over a period of three years, has been less than 20 per Cent., those of five other offices, extending over an equal time—for we omit those which have been established within three years, or we might make a much stronger case—have varied from 22 to74 per Cent., and in one case have been as high as 111 per Cent. on the receipts.