TABLE G1: GENERAL INSURANCE: REVENUE ACCOUNTS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 1999 (PART 1) ($'000) ------------------------------------------------------------------------------------------------------------------------------------ INCOME -------------------------------------------------------------------------------------------------- OTHER INCOME TRANSFERS FROM NET PROFIT/ & ADJUSTMENT BALANCE AT NET RESERVES & (LOSS) ON OF BEGINNING EARNED INVESTMENT SOURCES REALISATION NON-ADMITTED COMPANY OF YEAR PREMIUMS INCOME OUTSIDE OF FUND OF ASSETS ASSETS TOTAL (1) (2) (3) (4) (5) (6) (7) ------------------------------------------------------------------------------------------------------------------------------------ DIRECT INSURERS =============== LOCAL COMPANIES --------------- ACE INSURANCE 18,931 26,834 3,675 0 -82 -1,451 47,907 ALLIANZ 7,773 6,120 501 2,000 175 2,326 18,895 ALLIANZ SINGAPORE 14,748 2,163 845 6,000 537 -6,605 17,688 ASIA 42,469 50,310 7,067 0 1,943 1,400 103,189 ASIA LTD 0 0 0 0 0 0 0 AXA SINGAPORE 43,233 61,748 3,131 1,000 874 7,755 117,741 COSMIC 22,780 40,193 3,263 0 3,994 2,886 73,116 ECICS-COFACE 9,037 427 205 0 0 -338 9,331 FIRST CAPITAL 8,597 7,814 858 305 4,290 2,425 24,289 GREAT EASTERN LIFE 12,805 18,425 626 0 0 -1,922 29,934 HARTFORD (S) 30,093 27,316 2,773 0 922 3,126 64,230 ICS 52,879 47,330 4,446 0 269 -460 104,464 INDIA INTERNATIONAL 60,407 32,672 8,460 6,700 392 -2,179 106,452 INDUSTRIAL & COMMERCIAL 12,693 1,839 637 0 128 -2 15,295 KEMPER INTERNATIONAL 4,097 1,857 101 5,082 0 -161 10,976 KEPPEL 25,398 23,906 3,203 0 2,346 -1,226 53,627 LIBERTY CITYSTATE 14,599 21,284 1,405 0 -1,781 -338 35,169 MITSUI (ASIA) 24,900 18,009 1,990 0 46 -2,777 42,168 NANYANG 9,858 10,919 897 2,000 2,973 -749 25,898 NTUC INCOME 172,034 134,949 12,590 0 27,183 -25,352 321,404 OAC 16,795 19,677 2,062 3,000 7,324 -2,420 46,438 OUI 22,647 14,464 2,561 0 412 4,656 44,740 ROYAL & SUN ALLIANCE 11,374 41,023 4,211 14,000 -38 4,439 75,009 SAGI 1 4,100 -378 100 0 0 -18 3,804 SAGI-CAPTIVE 2 3,807 6,173 401 0 247 0 10,628 STANDARD ASIA 3,183 211 114 0 40 2,319 5,867 TOKIO MARINE & FIRE (S) 18,453 13,801 970 0 0 876 34,100 UOI 27,861 11,512 1,470 0 381 88 41,312 WINTERTHUR (FE) 12,997 12,074 898 7,500 241 467 34,177 YASUDA (ASIA) 27,084 8,692 977 0 32 -581 36,204 ZURICH 12,069 18,529 1,348 1,000 1,070 -1,553 32,463 ----------- ----------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 747,701 679,893 71,785 48,587 53,918 -15,369 1,586,515 ----------- ----------- ---------- ---------- ---------- ---------- ----------- FOREIGN COMPANIES ----------------- AIA 19,666 45,641 3,373 0 93 12,371 81,144 AMERICAN HOME 39,339 60,007 5,173 0 -5,287 973 100,205 AXA 12,407 21,955 1,318 10,072 2,501 801 49,054 CGU 20,504 58,970 3,022 2,238 1,196 631 86,561 CHINA 11,214 21,340 1,154 2,000 664 -1,402 34,970 FEDERAL 12,045 9,372 653 0 54 -494 21,630 GENERAL ACCIDENT_ASIA 16,172 7,161 360 0 -2,123 854 22,424 HSBC 8,890 9,114 669 0 -341 130 18,462 ING INSURANCE 15,417 21,036 1,715 0 -9 -2,045 36,114 LONPAC 0 1,927 267 8,801 176 -1,096 10,075 NIPPON FIRE & MARINE 18,649 10,314 868 0 0 -171 29,660 QBE 15,456 22,959 1,518 9 1,168 201 41,311 SUMITOMO MARINE & FIRE 23,015 16,887 892 0 0 -401 40,393 TAI PING 17,320 27,980 2,074 286 571 111 48,342 TT CLUB 1,048 278 67 0 0 972 2,365 UK CLUB 1,672 760 33 1,217 0 -1,346 2,336 UMBC 15,678 12,711 1,490 0 -8 -513 29,358 VESTA 5,953 -2,465 122 728 0 -192 4,146 WING ON FIRE & MARINE 4,729 5,958 398 177 213 -402 11,073 ----------- ----------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 259,174 351,905 25,166 25,528 -1,132 8,982 669,623 ----------- ----------- ---------- ---------- ---------- ---------- ----------- INSURERS TOTAL 1,006,875 1,031,798 96,951 74,115 52,786 -6,387 2,256,138 ----------- ----------- ---------- ---------- ---------- ---------- ----------- PROFESSIONAL REINSURERS ======================= LOCAL COMPANIES --------------- ASEAN RE 2,865 1,448 324 0 49 70 4,756 AXA RE 5,288 4,877 814 1,000 74 -385 11,668 EQUATORIAL RE 3 3,723 65 352 0 2,641 19 6,800 HAFFINA RE 3 1,862 0 59 1,000 0 -188 2,733 RELIANCE NATIONAL ASIA RE 2,044 1,313 76 366 -197 -375 3,227 SCOR RE A P 2,150 3,227 377 0 39 1,242 7,035 SINGAPORE RE 31,245 41,513 4,189 0 58 1,193 78,198 ----------- ----------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 49,177 52,443 6,191 2,366 2,664 1,576 114,417 ----------- ----------- ---------- ---------- ---------- ---------- ----------- FOREIGN COMPANIES ----------------- AGF IART 3 1,918 79 15 0 0 15 2,027 ALLIANZ AG 0 5,503 54 1,010 0 -188 6,379 AMERICAN RE 3,235 1,821 174 0 0 -99 5,131 CENTRAL RE 1,107 46 24 45 -6 22 1,238 CNA RE 447 856 43 560 0 -32 1,874 COLOGNE RE 20,832 18,167 3,736 0 28 4,016 46,779 COPENHAGEN RE 0 2,515 135 2,000 0 -382 4,268 CTR 1,826 2,113 213 0 0 213 4,365 EAGLE STAR RE 3 177 709 35 1,000 0 123 2,044 ERC FRANKONA REASSURANCE 378 1,815 16 1,300 0 -769 2,740 ERC FRANKONA REINSURANCE 4,180 6,431 428 0 0 -926 10,113 EVEREST RE 1,431 1,631 60 800 0 870 4,792 FOLKSAM INTERNATIONAL 7,389 5,823 311 0 43 47 13,613 GE RE CORP 3 602 119 20 392 0 653 1,786 GENERALI 4,805 337 395 7 0 -417 5,127 GERLING GLOBAL RE 121 2,467 34 2,498 0 500 5,620 KOREAN RE 2,001 1,053 183 9 21 1 3,268 LE MANS RE 0 1,784 280 5,232 0 -486 6,810 MMI GENERAL INSURANCE 3 -294 1,446 44 1,820 -8 1,638 4,646 MUNICH RE 15,471 26,815 2,792 0 4,349 -1,083 48,344 NEW RE 1,869 1,048 62 0 0 -242 2,737 PARTNER RE 1,261 1,899 42 0 0 194 3,396 R&V 3,618 1,846 109 0 -3 -288 5,282 RHINE RE 2,329 2,050 132 0 0 11 4,522 ROYAL & SUN ALLIANCE RE 12,177 3,667 920 0 24 -2,580 14,208 SOREMA 2,718 1,510 206 0 -97 -544 3,793 ST PAUL FIRE & MARINE 2,843 2,689 282 0 0 0 5,814 SUN ALLIANCE LONDON 4,534 3,485 257 0 0 -297 7,979 SWISS RE 8,624 16,266 512 0 390 330 26,122 SYDNEY RE 438 1,789 91 799 0 -315 2,802 TELA VERSICHERUNG 1,014 132 13 0 0 -153 1,006 TOA RE 2,203 3,559 141 0 -14 -386 5,503 XL MID OCEAN RE 1,900 551 59 0 0 -225 2,285 YASUDA FIRE & MARINE 1,901 2,279 96 106 0 117 4,499 ZURICH (RE) 2,341 1,821 116 500 0 -231 4,547 ----------- ----------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 115,396 126,121 12,030 18,078 4,727 -893 275,459 ----------- ----------- ---------- ---------- ---------- ---------- ----------- REINSURERS TOTAL 164,573 178,564 18,221 20,444 7,391 683 389,876 ----------- ----------- ---------- ---------- ---------- ---------- ----------- GRAND TOTAL 1,171,448 1,210,362 115,172 94,559 60,177 -5,704 2,646,014 =========== =========== ========== ========== ========== ========== =========== TABLE G1: GENERAL INSURANCE: REVENUE ACCOUNTS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 1999 (PART 2) ($'000) ------------------------------------------------------------------------------------------------------------------------------------ EXPENDITURE ------------------------------------------------------------------------------------------------------ TRANSFERS TO NET RESERVES & OTHER PROVISION CLAIMS NET MANAGEMENT TRANSFERS OUT OTHER FOR BALANCE AT COMPANY INCURRED COMMISSIONS EXPENSES OF FUND EXPENSES TAXATION END OF YEAR (8) (9) (10) (11) (12) (13) (14) ------------------------------------------------------------------------------------------------------------------------------------ DIRECT INSURERS =============== LOCAL COMPANIES --------------- ACE INSURANCE 2,967 7,641 7,364 0 513 3,284 26,138 ALLIANZ 5,377 -889 3,713 0 347 -25 10,372 ALLIANZ SINGAPORE -1,841 66 1,897 0 1,488 0 16,078 ASIA 33,926 5,798 7,785 0 675 3,237 51,768 ASIA LTD 0 0 0 0 0 0 0 AXA SINGAPORE 48,737 10,086 18,289 600 913 0 39,116 COSMIC 28,299 5,339 9,496 0 -4,849 2,777 32,054 ECICS-COFACE -67 -276 456 157 57 0 9,004 FIRST CAPITAL 4,071 1,118 2,958 300 228 1,028 14,586 GREAT EASTERN LIFE 11,240 2,711 3,703 676 240 350 11,014 HARTFORD (S) 22,384 5,099 6,429 0 -3,968 137 34,149 ICS 26,780 -1,045 13,952 30,000 -10,233 6,035 38,975 INDIA INTERNATIONAL 25,773 3,813 4,059 4,614 -3,059 2,800 68,452 INDUSTRIAL & COMMERCIAL 1,362 -47 868 0 -988 4 14,096 KEMPER INTERNATIONAL 2,329 796 1,981 0 335 0 5,535 KEPPEL 16,539 1,621 5,359 2,236 -2,105 1,547 28,430 LIBERTY CITYSTATE 10,744 3,864 5,390 358 -2,877 951 16,739 MITSUI (ASIA) 11,834 -2,898 6,502 0 -1,344 1,488 26,586 NANYANG 8,239 2,025 3,296 0 507 1,135 10,696 NTUC INCOME 100,571 12,131 17,639 0 690 0 190,373 OAC 19,867 -1,118 8,162 1,500 1,539 858 15,630 OUI 4,968 -1,464 4,026 2,019 487 2,695 32,009 ROYAL & SUN ALLIANCE 24,224 5,648 12,500 0 679 953 31,005 SAGI 1 -101 -51 194 0 32 -1 3,731 SAGI-CAPTIVE 2 4,484 -639 398 0 -280 0 6,665 STANDARD ASIA 167 1 432 0 85 8 5,174 TOKIO MARINE & FIRE (S) 5,307 -2,055 5,030 10,000 560 1,435 13,823 UOI 5,405 -1,173 2,896 4,000 -3,135 1,683 31,636 WINTERTHUR (FE) 5,141 1,851 4,349 500 286 125 21,925 YASUDA (ASIA) 3,131 -495 3,124 0 234 1,450 28,760 ZURICH 9,740 1,822 6,083 0 39 1,392 13,387 ----------- ---------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 441,597 59,280 168,330 56,960 -22,904 35,346 847,906 ----------- ---------- ---------- ---------- ---------- ---------- ----------- FOREIGN COMPANIES ----------------- AIA 7,283 17,834 7,266 0 99 4,341 44,321 AMERICAN HOME 31,488 8,803 12,217 6,522 -9,596 5,331 45,440 AXA 15,919 4,278 7,177 2,601 325 1,529 17,225 CGU 30,142 8,865 15,541 380 -2,259 2,933 30,959 CHINA 15,925 -198 5,354 0 -488 700 13,677 FEDERAL 4,898 1,247 3,857 3,780 411 0 7,437 GENERAL ACCIDENT_ASIA 5,083 1,362 2,028 15,135 -2,521 114 1,223 HSBC 5,883 -41 2,654 2,100 -304 336 7,834 ING INSURANCE 12,323 2,736 5,896 0 -388 674 14,873 LONPAC 1,072 217 1,192 24 65 28 7,477 NIPPON FIRE & MARINE 4,339 916 2,349 2,000 -38 1,361 18,733 QBE 10,219 4,998 6,984 151 166 1,195 17,598 SUMITOMO MARINE & FIRE 6,732 -1,712 4,317 8,700 20 2,000 20,336 TAI PING 20,135 3,765 4,820 100 -2,065 103 21,484 TT CLUB 162 -312 331 0 -1 48 2,137 UK CLUB 221 12 406 0 -1 32 1,666 UMBC 7,758 2,457 2,886 0 124 685 15,448 VESTA 1,333 19 51 0 44 0 2,699 WING ON FIRE & MARINE 3,989 459 2,211 0 -744 0 5,158 ----------- ---------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 184,904 55,705 87,537 41,493 -17,151 21,410 295,725 ----------- ---------- ---------- ---------- ---------- ---------- ----------- INSURERS TOTAL 626,501 114,985 255,867 98,453 -40,055 56,756 1,143,631 ----------- ---------- ---------- ---------- ---------- ---------- ----------- PROFESSIONAL REINSURERS ======================= LOCAL COMPANIES --------------- ASEAN RE 1,198 276 256 0 0 0 3,026 AXA RE 6,024 1,530 255 0 28 0 3,831 EQUATORIAL RE 3 442 13 -64 0 -120 0 6,529 HAFFINA RE 3 1,300 0 81 0 0 45 1,307 RELIANCE NATIONAL ASIA RE 834 240 288 0 -62 274 1,653 SCOR RE A P 2,227 1,141 630 0 32 0 3,005 SINGAPORE RE 27,625 8,307 5,536 5,670 -2,107 1,708 31,459 ----------- ---------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 39,650 11,507 6,982 5,670 -2,229 2,027 50,810 ----------- ---------- ---------- ---------- ---------- ---------- ----------- FOREIGN COMPANIES ----------------- AGF IART 3 95 -24 2 267 1 41 1,645 ALLIANZ AG 1,204 1,394 553 0 10 0 3,218 AMERICAN RE 1,621 255 121 0 8 0 3,126 CENTRAL RE 2 5 52 0 0 0 1,179 CNA RE 221 200 62 0 9 0 1,382 COLOGNE RE 8,887 3,854 2,312 0 -154 2,161 29,719 COPENHAGEN RE 1,722 794 184 0 11 0 1,557 CTR 1,675 561 141 0 8 -11 1,991 EAGLE STAR RE 3 1,343 133 291 0 18 0 259 ERC FRANKONA REASSURANCE 465 851 807 0 1 0 616 ERC FRANKONA REINSURANCE 4,794 1,467 1,605 0 89 0 2,158 EVEREST RE 2,381 673 228 0 10 0 1,500 FOLKSAM INTERNATIONAL 2,564 1,483 569 0 156 172 8,669 GE RE CORP 3 20 4 5 0 28 0 1,729 GENERALI 221 143 25 0 11 0 4,727 GERLING GLOBAL RE 4,803 800 160 0 39 0 -182 KOREAN RE 689 367 224 0 59 0 1,929 LE MANS RE 3,282 614 113 0 -15 0 2,816 MMI GENERAL INSURANCE 3 3,385 672 44 0 -98 0 643 MUNICH RE 15,756 6,659 2,096 2,500 -1 1,831 19,503 NEW RE 683 335 67 0 0 0 1,652 PARTNER RE 1,264 517 336 0 7 0 1,272 R&V 1,009 649 115 2,489 11 0 1,009 RHINE RE 1,443 571 99 800 6 0 1,603 ROYAL & SUN ALLIANCE RE 1,799 809 320 0 206 0 11,074 SOREMA 1,196 311 102 0 -70 -2 2,256 ST PAUL FIRE & MARINE 1,752 729 340 0 0 0 2,993 SUN ALLIANCE LONDON 1,154 849 926 0 1 0 5,049 SWISS RE 14,949 4,694 1,983 0 285 0 4,211 SYDNEY RE 246 518 131 0 10 0 1,897 TELA VERSICHERUNG 13 19 20 0 3 0 951 TOA RE 2,283 1,041 398 0 88 36 1,657 XL MID OCEAN RE 401 76 105 0 14 0 1,689 YASUDA FIRE & MARINE 1,953 532 141 0 2 0 1,871 ZURICH (RE) 1,829 642 341 0 8 0 1,727 ----------- ---------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 87,104 33,197 15,018 6,056 761 4,228 129,095 ----------- ---------- ---------- ---------- ---------- ---------- ----------- REINSURERS TOTAL 126,754 44,704 22,000 11,726 -1,468 6,255 179,905 ----------- ---------- ---------- ---------- ---------- ---------- ----------- GRAND TOTAL 753,255 159,689 277,867 110,179 -41,523 63,011 1,323,536 =========== ========== ========== ========== ========== ========== =========== Notes : 1. Figures are in respect of run-off of commercial business. 2. Figures are in respect of group business only. 3. On run-off. 4. ICS Re and RMCA Re are under Schemes of Arrangement and exempted from submission of returns.