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The Prudential Assurance Company,…

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The Prudential Assurance Company, Limited. THE 55th annual report has been issued for t'he year ending December 31st, 1903. The vasli "n building, which is the most prominent feature of Holborn Bars, whence, at one time, the Old ■Bourne placidly flowed down to the River Fleet, has been' gradually filled' up and occupied by the army of head, office workers which administer the marvellous ramifications! of the business of the Prudential Assurance Company. Of the work of the Prudential itseJf during the past year we may observe that, although, as we have frequently re-marked', very little, is heard of in a pub1.i.c way, it contrives to g-elc together an astonishing amount of new business. The prophecy of ithe- chairman, last yeatr that it wouidi pass the fifty .million, -sterling! line as, re- gards asseits at the end! of 1903, has been more than v-erified, for the totel assets of the Pruden- tial, as, shown in, the balance-sheet, are now ^51,217,377, -being1 an .increase of overr ^4,000,000 -steriling diurinig ithe ye.ar. Ini thte ordinary branch, new policies issued last year are for 74,358, insuring Z7,396,050 with a new premium z, ■ income! of ^396,780. The total premium, income of (the ■ar.dii'nasry branch for 1903 was ^3,814,856, being an- increase over 1902 of £ 163,398. Claims were p-aiid1 durinig the year for over ^1,500,000 sterJi-niP-. O In, the; industrial branch, am increase of premium- is shown of £155,641, and- the total premiums rccedved in .the ordiinary branch is very close upon sux million sterling. There are at the, present moment nearly 16 million policies of the Prudential current in the United Kingdom, the compatny doing no; foreign busi- ness whatever. So iit is difficult to find any catastrophe where lülSs of life- is caused im which the; Prudential does not ap-pear somehow. Even im the explosioln at AVoulwd,ch-, out of 16 killed, 10 were insured, in ithe company, which was also represented in the frightful volcanic explosions in the- West Indies, at Mont Pelee especially. There was a recent boating disaster where four coast-guardsmien lost their lives; three were in- sured in- the PrudenitnaiT. In 27 yean3 the Prudential has increa.sed its income from: Z943,000 to -f 11,300,259, or nearly twelve-folid whilst the. assets' have increased' by nearly six'ty-i'old. Trnily a great work.

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