The Sun.
London, England, 1863-08-22 00:00:00

EXTRAUS FROM THE
_REPORT FOR THE YEAR

1862.

The Directors of the Royal Insurance Company are now
called upon to make their accustomed periodical Report at the
Meeting of its Shareholders.

FIRE BRANCH.
The Directors have, as pleasingly as unexpectedly, at the
close o, the year, to announce, for the first time, that the Fire
Premiums have not only reached, but exceed £300,000.
The high comparative position held by the Royal in the
Government Returns of Duty is ag'in fully miinta•ned.
The profit of the business of the year exceeds considerably
the amount realised in the preceding year, and in fact sur-
passes that of any year, with but two exceptions, since the
commencement of thi. Office, the balance to the credit on
account of British and Foreign Insurances being £45,107 10s.
5d., and if the North American business, whichis kept sepa,
rately, X 11,097 16s. 10d.
LIFE BRANCH.

The very ~,ratifying•Tuiinow falls upon the Directors to
Mate the sum assured on n w policies for fhe year 1562
exceeds even that of the ye.r 1861 by £lBO,OOO, and has arrived
at the almost unexampled amount for a sine•le year of
£701,427 on 1,498 new policies issued. Until within the last
few years it is believed that such a sum assured as that which
has just been announced as the result of one year's business
was all but unheard of. . .

---
This portion of the Company's business has been carefully
watched, and cannot tail to give much satisfaction to the
shareholder, as well as no small encouragement for the
future to the participating life assurer.
Evidence of continued care in the selection of lives is amply
afforded by a statement of the number rejected. These have
amounted to 311 for the year, on which the aggregate sum
proposed for assuran,e Amounts to £143,281. Various degrees
of ineligibility have led to these lives being declined.
No small number of the Assurance Companies of the day
record their accepted lives annually at a sum not much. if at
all, exceeding those which the Royal has declared as inadmis-
siole in a single year from deterioration of some kind or
another.
If, to complete their review, the Directors now advert
briefly to the United Kingdom, they have to announce that
in Fire Business its progress has been undoubtedly more
rapid than that of any other Company established either in
London or elsewhere, except when amalgamations have taken
place. The returns of dut have roved this. In Lite, the
amount of New Policies y alreadyp reported make all other
evidence needless.
The Directors conclude their present Report with the
expression of an opinion that the prospects of the Royal
Insurance Company were never brighter, and of a consequent
hope, founded on a grateful remembrance of the past, that
the tuture may unfold for it a sphere of still greater maani-
tude, combining distinguished commercial success to the
Office with a lengthened career of usefulness and protection
to the public.
PERCY M. DOVE, Manager and Actuary.
JOHN B. JOHNSTON, Secretary in London.

NORWICH UNION FIRE INSURANCE
SOCIETY.

The business of the Company exceeds £70,000,000.
The duty paid to Government for the year 1862 was
X 8.5,062, and the amount insured on farming stock,
Z 10,086,332.

A bonus of three-fifths of the profi's periodically made to
parties insuring, who have thus, from time to time, received
sums amounting in the aggregate to £440,000 ; and the Society
now holds a large Reserve applicable to a future Eonus.
The rates of premium are in no case higher than those
charged by the other principal offices making no returns to
their insurers.

For prospectuses apply at the Society's Offices, Surrey,
street, Norwich ; and 6, Crescent, New Bridge-street, Black.
friars, E.C.