TT CLUB REPORTS JUMP IN ANNUAL SURPLUS, NET WORTH
TT CLUB REPORTS JUMP IN ANNUAL SURPLUS, NET WORTH
TT Membership, the intermodal insurance coverage operator, reported a soar in its
annual surplus and within the membership’s internet value for 1998.
The excess for the yr was once $11 million, in comparison to $7 million in
1997. Web top class source of revenue rose to $98 million, from $85 million, regardless of a cushy marketplace and
fierce pageant, TT Membership mentioned.
Claims higher to $82 million ultimate yr, from $58 million in 1997,
however the membership reported a miles upper funding source of revenue of $27 million for 1998, in comparison to
$15 million within the earlier yr.
The web value — the worth of the membership’s belongings to its individuals —
higher to $101 million, from $90 million in 1997.