The Sun.
London, England, 1862-08-12 00:00:00

:MEER.

IBER.

EAGLE INSURANCE COMPANY.

A meeting of the:proprietors of this Company was held at
New Bridge street, Blackfriars, on Friday, the Sth inst..
Dr. Guy, the chairman of the board, in the chair, when the
following Report was read
Another quinquennial term has passed away—the 11th
since the establishment of the Company—and the duty
again devolves upon the Directors of reporting to the pro-
prietors as to the exact financial position of the Company,
after a minute investigation of its liabilities, and a careful
estimate of the value of its assets. But they will first
briefly advert to the events of the past year, which it will
be seen are not wholly devoid of interest,
The surplus fund account exhibits the following particu-
lars, viz.:--

SURPLUS FUND ACCOUNT.
INCOME OF THE TEAR ENDING 30TH JUNE, 1862.
Balance of account, 30th June, 1861 .... £786,546 6 9
Premium on new assurances £24,374 13 5
Ditto on renewed assurances 284,910 18 0

£309,285 16 5
Interest from investments.. 81,250 9 4

390,536 5 9

£1,177,082 12 0

CHARGE ON THE YEAR.
Dividend to proprietors
Claims on decease of
lives assured £182,278 6 6
Additions to those under
participating polices
Policies surrendered
Re-assurances, new....
Ditto, 01d........

24,816 3 1
16,672 14 7
6,219 10 0
33,284 13 4

£263,27! 6 6
Commission ...... 11,456 2 6
Medical fees .......... . 999 12 8
Income-tax .......... 3,517 411
Expenses of manage-
ment ............

12,224 1 11

291,468 8 6

-----
Total outlay
£301,647 13 6
....
Addition to the reserve fund.. 239,392 4 2
Balance of account 30th June, 1862, 636,042 14 4

Examined and approved,
£1,177,082 12 0
THOMAS ALLEN,
WILLIAM HENRY SMITH, Jun., j Auditors.
Here it wilt be seen that the total income of the year
was £390,536 ss. 9d., and the total outlay £301,647 13s. 6d. ;
leaving a difference on the year in favour of the company
of £BB,BBB 12s. 3d.
The premiums on account of new assurances are
£24,374 18s. 5d., of which sum £6,219 10s. has been
expended in re-assurances. The claims amount to
£207,094 Bs. id., and are less than those of the
previous year by upwards of £43,000. The ex-
penses are about £l,OOO more this year than
they usually are, in consequence partly of the increased
cost of the Company's new premises, and partly of the esti-
mated depreciation in the value of the lease and furniture.
The Directors will now address themselves to the more
important business of the meeting, and will call the atten-
tion of the proprietors to the following extract from the
Report of the Actuary, which, after mature consideration,
they have approved :
" I have the honour to report that so much of the calcu-
lations as relates to the determination of the Company's
assets and liabilities has been completed, and that the re-
sults ar as follow :
" On making a most careful examination of the Company's
registers, it appears that there were in force on 30th June
last, no less than 16,257 assurances of various descriptions--
that the amount assured by them was £9,639,222, and that
the annual premiums receivable in respect of them amounted
;o £307,376. The number and amount in each class are

shown in th
ing is distin

►e following table, in which also the participat-
guished from the non-participating portion.:

~~
•
;.1

;4
z
:P cc

'8 t
11
Or gr.
Z 0
P. 4

Z 1
6 "''''•E
4 =E
.) 42
; ..,

_9
c=l"='

71,
- ,
11.1.

r,
t 0 tr, 0 c
r• w'A Tin„
.7 Nc4e;c"; al ••
1.4 N et,
IP-1
C4*

ec c a er, ..r .w PI 0 ..,C 4,
C, •-• , v.., 00 , . CV C, vi
i,,M CS, ,I r 4 1,1 r-I •

on 9 e, Lc,
c:= Y MN. CA c"4
C+ . . . .
em 00 .
,r Tn.

I -45)
I : :z:
1 2.:

fq :2
I ‘:S
-8 1,?‘;

9r,.
E

g 1" 7"
pppp2;l;lS'

" g•
4 a • go-

: : i