29 MARCH 1930, Page 40

LONDON LIFE PROGRESS.

The London Life Association continues to progress, and last year the new business was £2,927,608, but in spite of this good result the expense ratio was less than 5.6 per cent. of the premium income. This office conducts an annual valuation, and the bonus rate for last year remains at 40s. per cent. per annum compound. The directors state that a higher rate could have been declared, but their policy is not to increase the rate until they are fully satisfied with the prospect of its maintenance in future years.

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