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and outstanding, all expenses and commissions, including those carried to profit and loss accounts, and including colonial and foreign

Underwriting Results, Interest, Taxes and Dividends

Company. Net Underwriting Surplus. Interest Net, less Debenture Interest. Taxes. Dividends for 1924.
£ £ £ £
Alliance 449,805 303,733 17,125 434,000
Atlas 174,603 122,127 46,762 143,000
British Dominions 43,964 117,335 25,000 143,152
British General 86,933 50,100 40,687
Caledonian 74,328 74,052 30,925 74,981
Commercial Union 1,018,201 728,163 271,433 826,000
Employers' Liability 121,603 268,537 116,079 287,818
General Accident 175,428 179,221 143,821 89,358
Guardian 248,577 142,283 48,776 163,069
London Assurance 115,729 237,429 50,000 212,865
London and Lancashire 754,158 387,001 184,741 407,603
Motor Union 62,126 69,225 84,940
North British 575,058 398,596 101,711 375,554
Northern 222,999 246,682 56,037 297,254
Phoenix 383,742 421,772 55,621[1] 463,556
Royal 781,937 1,034,245 130,000 1,134,351
Liverpool and London and Globe 511,260 382,222 50,000 413,777
Royal Exchange 90,909 170,688 48,254 152,898
Scottish Union 201,095 124,669 62,938 116,250
Sun 220,388 181,220 48,579 186,000
Yorkshire 156,895 98,966 58,844 112,548

taxes when specified in the companies' accounts, and the amounts required to maintain the reserves for unexpired risks at 40 per cent. of the premium incomes. When the premium income

  1. Refund