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Ad01600
PEARL LIFEASSURANCECOMPANY, LIMITED . ANNUALREPORT FortheYearending31stDecember,1898. Presented at the Thirty-Fifth Annual General Meeting , held at the Offices of the Company , London Bridge , City , E . G ., Friday , February 17 th , 1899 . Tlio Directors nre once more able to make tlie gratifying announcement that ihe pi-ogress of tlio Company during the past year lias been greater than any tbey have previously recorded , notwithstanding the fact that for five months during the year tho business was partly paralysed in one of the largest Divisions by thc South Wales trade disturbance . The Company ' s operations are now of : such magnitude that even a grave sh-ugglc such as this has beqn , with its far reaching consequences , is not sufficient to stem tlie tide of the Company ' s progress . The Directors think that thc following figures will be more eloquent than words in illustrating the Company ' s advance during the past three years : — Premiums . Funds . 1890 ... ... £ 1-85 , 029 ... ... £ 50 : 5 , 430 1897 ... ... £ o- ! 0 , 928 ... ... £ 097 , 870 1898 ... ... £ 022 , 782 .... ... £ 813 , 108 In thc ORDINARY BRANCH the Premium Income for 1898 amounted to £ 0 : 5 , 881 , being an increase of £ 11 , 492 over that of the previous year . The Funds amount to £ 1 . 90 , 84 :. ) , shewing an addition for the year of £ 44 , 953 . The Premiums on Now Policies issued during- the year amount to £ 22 , 901 Ss . Sd ., assuring the sum of £ 555 , 977 . By virtue of the new methods of weekly classification of statistics referred to last year , Mr . Fea , the Compan y ' s Actuary , was enabled immediately after the close ol : the books to complete ; the valuation of the whole of the Company ' s business , Avitli results lhat reveal a surplus of I . v TIIK OIJ . UIX . UJV BIJAXCH ... ... ... £ 18 , 330 „ IXDUSTUIAL BJJAXCII ... ... £ 113 , 737 £ 132 , 073 The Directors recommend that the sum of £ 1 18 , 402 10 s . Od . be carried forward , leaving £ 13 , 070 10 s . Od . to be divided as a bonus among the participating Policy-holders aud Shareholders . IKTCOME. The total income for the year amounted to £ 052 , 820 3 s . lid ., being an increase of £ 87 , 581 lis . 6 d . over that of last year . PREIMCITTIVES(DECEMBER,1838). The Premium Income on the policies in force on the Company ' s books , including 809 , 532 new policies issued during- 1 ho year , amounted to £ 717 , 528 0 s . 7 d . CLAIMS. The Company has paid 34 , 913 Life Claims , Grants , and Matured Endowments during the year , amounting , with Bonuses to £ 222 , 834 1 . 3 s . 8 d ., which , added to the sums previously paid in claims since the establishment of the Company , make a total of £ 2 , 187 , 398 15 s . 8 ( 1 . ASSURAiyOSFUNDS. The Life Assurance Fund , with capital paid up , now amounts lo £ 833 , 562 Os . 7 d ., showing an increase for ( hc year of £ 115 , 237 12 s . 5 d . The Directors hearlily 1 ha . nk the sfaf'f of the Company for the continual care , zeal , and ability with which they have devoled their time and alien ! ion to lhe Company ' s interest during the year . By Order , P . J . FOLEY , MiiiiiKjiiuj Director . See Reports and Opinions of the Press as to the remarkable progress made by the Company . Wanted , additional representatives in all districts . To good business men liberal terms and certain success . Apply to the Managing-Director , at the Chief Oflice , Adelaide Buildings , London Bridge , City , E , C .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Ad01600
PEARL LIFEASSURANCECOMPANY, LIMITED . ANNUALREPORT FortheYearending31stDecember,1898. Presented at the Thirty-Fifth Annual General Meeting , held at the Offices of the Company , London Bridge , City , E . G ., Friday , February 17 th , 1899 . Tlio Directors nre once more able to make tlie gratifying announcement that ihe pi-ogress of tlio Company during the past year lias been greater than any tbey have previously recorded , notwithstanding the fact that for five months during the year tho business was partly paralysed in one of the largest Divisions by thc South Wales trade disturbance . The Company ' s operations are now of : such magnitude that even a grave sh-ugglc such as this has beqn , with its far reaching consequences , is not sufficient to stem tlie tide of the Company ' s progress . The Directors think that thc following figures will be more eloquent than words in illustrating the Company ' s advance during the past three years : — Premiums . Funds . 1890 ... ... £ 1-85 , 029 ... ... £ 50 : 5 , 430 1897 ... ... £ o- ! 0 , 928 ... ... £ 097 , 870 1898 ... ... £ 022 , 782 .... ... £ 813 , 108 In thc ORDINARY BRANCH the Premium Income for 1898 amounted to £ 0 : 5 , 881 , being an increase of £ 11 , 492 over that of the previous year . The Funds amount to £ 1 . 90 , 84 :. ) , shewing an addition for the year of £ 44 , 953 . The Premiums on Now Policies issued during- the year amount to £ 22 , 901 Ss . Sd ., assuring the sum of £ 555 , 977 . By virtue of the new methods of weekly classification of statistics referred to last year , Mr . Fea , the Compan y ' s Actuary , was enabled immediately after the close ol : the books to complete ; the valuation of the whole of the Company ' s business , Avitli results lhat reveal a surplus of I . v TIIK OIJ . UIX . UJV BIJAXCH ... ... ... £ 18 , 330 „ IXDUSTUIAL BJJAXCII ... ... £ 113 , 737 £ 132 , 073 The Directors recommend that the sum of £ 1 18 , 402 10 s . Od . be carried forward , leaving £ 13 , 070 10 s . Od . to be divided as a bonus among the participating Policy-holders aud Shareholders . IKTCOME. The total income for the year amounted to £ 052 , 820 3 s . lid ., being an increase of £ 87 , 581 lis . 6 d . over that of last year . PREIMCITTIVES(DECEMBER,1838). The Premium Income on the policies in force on the Company ' s books , including 809 , 532 new policies issued during- 1 ho year , amounted to £ 717 , 528 0 s . 7 d . CLAIMS. The Company has paid 34 , 913 Life Claims , Grants , and Matured Endowments during the year , amounting , with Bonuses to £ 222 , 834 1 . 3 s . 8 d ., which , added to the sums previously paid in claims since the establishment of the Company , make a total of £ 2 , 187 , 398 15 s . 8 ( 1 . ASSURAiyOSFUNDS. The Life Assurance Fund , with capital paid up , now amounts lo £ 833 , 562 Os . 7 d ., showing an increase for ( hc year of £ 115 , 237 12 s . 5 d . The Directors hearlily 1 ha . nk the sfaf'f of the Company for the continual care , zeal , and ability with which they have devoled their time and alien ! ion to lhe Company ' s interest during the year . By Order , P . J . FOLEY , MiiiiiKjiiuj Director . See Reports and Opinions of the Press as to the remarkable progress made by the Company . Wanted , additional representatives in all districts . To good business men liberal terms and certain success . Apply to the Managing-Director , at the Chief Oflice , Adelaide Buildings , London Bridge , City , E , C .