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T and G Mutual Life Society Annual Meeting
Melbourne December meeting reports 142 189 new policies totaling 12 318 702 in value up from last year by 98 992. 1 098 personal accident and sickness policies, 121 750 insured, 965 ordinary department policies endorsed with accident benefits supplying 1 133 985. All business written in Australia and New Zealand. Total income 3 856 035 with 1 507 239 paid to policyholders. Assets 16 068 017, not affected by stock exchange fluctuations. Board pursues high grade securities, mean fund interest averaged 5 17 3 percent. Actuary confirms sound mobilities. future policyholders' returns depend on taxation. Board thanks staff.
MENTIONED IN THIS ARTICLE
Melbourne
T. & G. Life Society
T. ‘Thompson
Australia
New Zealand