TABLE G2: GENERAL INSURANCE: ADMITTED ASSETS AND LIABILITIES OF SINGAPORE INSURANCE FUNDS AS AT 31ST DECEMBER 1999 (PART 1) ($'000) ------------------------------------------------------------------------------------------------------------------------------------ LIABILITIES ----------------------------------------------------------------------------- BALANCE OF LOSS RESERVES REVENUE ACCOUNTS RESERVES FOR & TOTAL ADMITTED AND OTHER UNEXPIRED REINSURANCE OUTSTANDING OTHER ASSETS/ COMPANY RESERVES RISKS DEPOSITS CLAIMS LIABILITIES LIABILITIES (1) (2) (3) (4) (5) (6) ------------------------------------------------------------------------------------------------------------------------------------ DIRECT INSURERS =============== LOCAL COMPANIES --------------- ACE INSURANCE 26,138 18,996 0 4,192 12,699 62,025 ALLIANZ 10,372 0 0 0 6,565 16,937 ALLIANZ SINGAPORE 16,078 2,553 2,169 23,122 16,690 60,612 ASIA 51,768 24,747 3,966 61,013 7,772 149,266 ASIA LTD 0 0 0 0 0 0 AXA SINGAPORE 39,116 28,225 3,336 67,370 8,844 146,891 COSMIC 39,172 14,563 1,012 42,432 12,687 109,866 ECICS-COFACE 9,520 309 0 0 538 10,367 FIRST CAPITAL 14,586 4,023 105 11,693 5,103 35,510 GREAT EASTERN LIFE 11,014 8,707 1 4,477 3,092 27,291 HARTFORD (S) 34,234 9,644 450 46,864 3,351 94,543 ICS 52,922 22,154 3,468 42,688 31,706 152,938 INDIA INTERNATIONAL 68,452 9,478 4,163 111,791 21,742 215,626 INDUSTRIAL & COMMERCIAL 14,096 518 193 6,852 528 22,187 KEMPER INTERNATIONAL 5,535 1,140 0 2,338 1,484 10,497 KEPPEL 28,430 8,940 246 41,166 9,797 88,579 LIBERTY CITYSTATE 16,739 7,833 941 19,743 5,675 50,931 MITSUI (ASIA) 26,586 9,312 3,968 27,674 7,331 74,871 NANYANG 10,696 3,523 423 16,435 3,627 34,704 NTUC INCOME 190,373 72,228 2,278 160,374 4,135 429,388 OAC 15,630 6,775 1,148 20,358 8,152 52,063 OUI 32,030 6,826 2,032 21,416 13,226 75,530 ROYAL & SUN ALLIANCE 31,005 13,509 5,355 34,579 18,818 103,266 SAGI 1 3,731 0 1 64 529 4,325 SAGI-CAPTIVE 2 6,665 3,997 0 9,973 442 21,077 STANDARD ASIA 5,174 32 0 425 1,624 7,255 TOKIO MARINE & FIRE (S) 13,823 9,908 2,202 6,714 8,563 41,210 UOI 31,636 4,659 1,091 9,314 5,002 51,702 WINTERTHUR (FE) 21,925 3,993 0 8,546 3,981 38,445 YASUDA (ASIA) 28,760 2,822 115 4,044 3,911 39,652 ZURICH 13,387 7,328 2,437 14,168 7,900 45,220 ----------- ----------- ---------- ----------- ------------ ------------ SUBTOTAL 869,593 306,742 41,100 819,825 235,514 2,272,774 ----------- ----------- ---------- ----------- ------------ ------------ FOREIGN COMPANIES ----------------- AIA 44,321 30,515 0 3,026 5,974 83,836 AMERICAN HOME 47,588 29,569 1,161 46,396 19,363 144,077 AXA 17,225 7,272 0 28,187 11,774 64,458 CGU 52,702 23,666 470 52,157 21,583 150,578 CHINA 13,677 11,778 6,905 22,906 12,569 67,835 FEDERAL 7,437 3,533 0 11,413 7,094 29,477 GENERAL ACCIDENT_ASIA 1,223 0 0 0 1,340 2,563 HSBC 7,834 2,309 54 10,548 4,568 25,313 ING INSURANCE 14,873 10,596 0 13,014 8,009 46,492 LONPAC 7,477 1,399 704 3,515 520 13,615 NIPPON FIRE & MARINE 18,733 3,235 0 8,200 7,143 37,311 QBE 17,749 7,915 0 15,002 9,802 50,468 SUMITOMO MARINE & FIRE 20,336 8,595 0 9,358 4,843 43,132 TAI PING 24,614 15,408 1,272 23,351 3,062 67,707 TT CLUB 2,137 71 0 187 189 2,584 UK CLUB 1,666 0 0 208 2,855 4,729 UMBC 15,448 6,573 703 13,218 1,520 37,462 VESTA 2,699 305 0 215 3,898 7,117 WING ON FIRE & MARINE 5,158 2,429 1 6,756 1,439 15,783 ----------- ----------- ---------- ----------- ------------ ------------ SUBTOTAL 322,897 165,168 11,270 267,657 127,545 894,537 ----------- ----------- ---------- ----------- ------------ ------------ INSURERS TOTAL 1,192,490 471,910 52,370 1,087,482 363,059 3,167,311 ----------- ----------- ---------- ----------- ------------ ------------ PROFESSIONAL REINSURERS ======================= LOCAL COMPANIES --------------- ASEAN RE 3,026 1,039 609 3,595 653 8,922 AXA RE 3,831 1,926 0 15,612 4,231 25,600 EQUATORIAL RE 3 6,529 10 0 5,565 1,909 14,013 HAFFINA RE 3 1,307 0 0 1,084 850 3,241 RELIANCE NATIONAL ASIA RE 1,653 363 0 1,091 1,087 4,194 SCOR RE A P 3,005 2,786 140 7,148 720 13,799 SINGAPORE RE 31,459 16,470 1,521 51,013 7,777 108,240 ----------- ----------- ---------- ----------- ------------ ------------ SUBTOTAL 50,810 22,594 2,270 85,108 17,227 178,009 ----------- ----------- ---------- ----------- ------------ ------------ FOREIGN COMPANIES ----------------- AGF IART 3 1,645 0 0 0 55 1,700 ALLIANZ AG 3,218 2,975 509 1,737 1,216 9,655 AMERICAN RE 3,126 265 0 4,225 583 8,199 CENTRAL RE 1,179 16 0 11 9 1,215 CNA RE 1,382 429 0 1,209 161 3,181 COLOGNE RE 29,719 6,783 0 27,435 5,521 69,458 COPENHAGEN RE 1,557 1,104 506 3,005 1,078 7,250 CTR 1,991 934 0 4,314 673 7,912 EAGLE STAR RE 3 259 119 0 1,660 602 2,640 ERC FRANKONA REASSURANCE 616 847 0 264 116 1,843 ERC FRANKONA REINSURANCE 2,158 3,006 19 10,365 1,931 17,479 EVEREST RE 1,500 806 0 2,043 1,654 6,003 FOLKSAM INTERNATIONAL 8,669 1,790 275 7,079 1,043 18,856 GE RE CORP 3 1,729 6 0 308 8 2,051 GENERALI 4,727 166 0 727 44 5,664 GERLING GLOBAL RE -182 842 0 3,944 636 5,240 KOREAN RE 1,929 367 0 2,009 162 4,467 LE MANS RE 2,816 830 0 7,832 2,609 14,087 MMI GENERAL INSURANCE 3 643 63 0 2,254 1,598 4,558 MUNICH RE 19,503 10,252 0 49,282 3,410 82,447 NEW RE 1,652 461 0 1,545 176 3,834 PARTNER RE 1,272 995 0 1,238 2 3,507 R&V 1,009 715 0 2,805 356 4,885 RHINE RE 1,603 781 0 3,125 596 6,105 ROYAL & SUN ALLIANCE RE 11,074 1,122 0 8,529 1,821 22,546 SOREMA 2,256 1,086 0 2,962 314 6,618 ST PAUL FIRE & MARINE 2,993 1,042 0 3,980 23 8,038 SUN ALLIANCE LONDON 5,049 1,737 6 5,054 3,769 15,615 SWISS RE 4,211 6,505 0 20,602 2,108 33,426 SYDNEY RE 1,897 301 0 3,290 699 6,187 TELA VERSICHERUNG 951 2 0 13 155 1,121 TOA RE 1,657 1,878 0 3,778 597 7,910 XL MID OCEAN RE 1,689 223 0 1,075 148 3,135 YASUDA FIRE & MARINE 1,871 774 0 3,946 283 6,874 ZURICH (RE) 1,727 768 0 3,506 326 6,327 ----------- ----------- ---------- ----------- ------------ ------------ SUBTOTAL 129,095 49,990 1,315 195,151 34,482 410,033 ----------- ----------- ---------- ----------- ------------ ------------ REINSURERS TOTAL 179,905 72,584 3,585 280,259 51,709 588,042 ----------- ----------- ---------- ----------- ------------ ------------ GRAND TOTAL 1,372,395 544,494 55,955 1,367,741 414,768 3,755,353 =========== =========== ========== =========== ============ ============ AS A PERCENTAGE OF TOTAL ADMITTED ASSETS/LIABILITIES 36.55 14.50 1.49 36.42 11.04 100.00 TABLE G2: GENERAL INSURANCE: ADMITTED ASSETS AND LIABILITIES OF SINGAPORE INSURANCE FUNDS AS AT 31ST DECEMBER 1999 (PART 2) ($'000) ------------------------------------------------------------------------------------------------------------------------------------ ADMITTED ASSETS ---------------------------------------------------------------------------------------------------- GOVERNMENT SECURITIES OTHER OUTSTANDING & PUBLIC SECURITIES CASH PREMIUMS LAND & AUTHORITY EQUITY OF AND & AGENTS' OTHER COMPANY BUILDINGS LOANS SECURITIES SHARES COMPANIES DEPOSITS BALANCES ASSETS (7) (8) (9) (10) (11) (12) (13) (14) ------------------------------------------------------------------------------------------------------------------------------------ DIRECT INSURERS =============== LOCAL COMPANIES --------------- ACE INSURANCE 0 0 19,480 5,209 13,675 18,343 3,223 2,095 ALLIANZ 0 0 0 0 0 16,921 0 16 ALLIANZ SINGAPORE 0 180 3,793 2,747 5,343 42,757 1,182 4,610 ASIA 15,631 3,000 1,000 50,013 17,692 50,726 6,816 4,388 ASIA LTD 0 0 0 0 0 0 0 0 AXA SINGAPORE 20,012 0 15,683 7,041 40,386 45,920 8,746 9,103 COSMIC 19,347 2,278 1,200 29,497 24,394 26,025 5,167 1,958 ECICS-COFACE 0 0 0 0 0 10,228 56 83 FIRST CAPITAL 0 0 1,800 7,704 20,795 2,197 1,156 1,858 GREAT EASTERN LIFE 0 0 6,277 0 0 17,768 2,456 790 HARTFORD (S) 2,046 90 2,850 12,141 33,002 35,823 3,488 5,103 ICS 41,589 900 497 20,476 50,637 27,692 7,969 3,178 INDIA INTERNATIONAL 0 57,660 10,634 21,737 50,828 64,502 3,535 6,730 INDUSTRIAL & COMMERCIAL 0 45 2,863 5,093 2,371 11,350 235 230 KEMPER INTERNATIONAL 0 0 2,275 0 0 7,214 384 624 KEPPEL 0 91 24,403 22,238 31,902 4,090 2,890 2,965 LIBERTY CITYSTATE 13,863 502 8,107 600 13,481 7,902 3,228 3,248 MITSUI (ASIA) 1,932 218 4,485 1,914 30,058 30,325 4,020 1,919 NANYANG 10,178 0 3,561 10,439 3,062 5,421 1,519 524 NTUC INCOME 0 27,819 0 208,476 71,029 105,061 13,271 3,732 OAC 0 1,215 2,500 13,960 21,115 8,271 2,850 2,152 OUI 13,965 0 1,400 22,998 5,363 28,586 2,569 649 ROYAL & SUN ALLIANCE 0 101 28,807 4,196 40,373 21,481 6,222 2,086 SAGI 1 0 0 50 0 0 3,857 4 414 SAGI-CAPTIVE 2 0 0 596 5,328 4,864 10,003 13 273 STANDARD ASIA 0 0 4,500 0 372 2,201 136 46 TOKIO MARINE & FIRE (S) 0 0 2,940 485 0 33,812 3,440 533 UOI 305 45 5,978 14,594 8,064 19,957 1,820 939 WINTERTHUR (FE) 0 124 7,150 152 999 28,021 1,642 357 YASUDA (ASIA) 0 91 2,834 0 4,048 30,790 1,243 646 ZURICH 0 0 17,545 5,377 5,389 12,629 3,230 1,050 ---------- ---------- ------------ ---------- ---------- ----------- ---------- ---------- SUBTOTAL 138,868 94,359 183,208 472,415 499,242 729,873 92,510 62,299 ---------- ---------- ------------ ---------- ---------- ----------- ---------- ---------- FOREIGN COMPANIES ----------------- AIA 0 3,000 43,182 0 12,612 23,592 0 1,450 AMERICAN HOME 14,155 2,644 27,590 10,132 41,804 32,538 10,733 4,481 AXA 0 104 6,500 3,525 7,328 31,802 2,575 12,624 CGU 37,619 91 11,756 32,373 10,795 46,631 9,119 2,194 CHINA 13,634 54 1,230 9,364 4,340 26,429 5,558 7,226 FEDERAL 0 91 9,879 646 0 17,046 1,340 475 GENERAL ACCIDENT_ASIA 0 0 0 0 0 2,555 0 8 HSBC 0 0 925 0 4,980 17,863 1,192 353 ING INSURANCE 0 597 9,312 1,077 22,594 8,068 3,053 1,791 LONPAC 1,713 193 633 681 2,494 7,132 550 219 NIPPON FIRE & MARINE 0 0 1,098 202 500 34,158 1,039 314 QBE 0 90 900 10,536 2,202 32,805 3,198 737 SUMITOMO MARINE & FIRE 0 0 2,348 0 0 37,526 3,070 188 TAI PING 11,574 350 1,330 9,079 12,315 26,034 4,005 3,020 TT CLUB 0 0 0 0 0 2,415 146 23 UK CLUB 0 0 0 0 0 4,177 553 -1 UMBC 654 0 2,811 3,338 5,049 22,858 1,916 836 VESTA 0 0 0 0 0 6,900 68 149 WING ON FIRE & MARINE 0 0 1,200 3,922 751 7,807 905 1,198 ---------- ---------- ------------ ---------- ---------- ----------- ---------- ---------- SUBTOTAL 79,349 7,214 120,694 84,875 127,764 388,336 49,020 37,285 ---------- ---------- ------------ ---------- ---------- ----------- ---------- ---------- INSURERS TOTAL 218,217 101,573 303,902 557,290 627,006 1,118,209 141,530 99,584 ---------- ---------- ------------ ---------- ---------- ----------- ---------- ---------- PROFESSIONAL REINSURERS ======================= LOCAL COMPANIES --------------- ASEAN RE 0 0 2,478 315 1,249 4,056 27 797 AXA RE 0 0 7,743 1,726 4,494 10,994 390 253 EQUATORIAL RE 3 0 0 200 1,047 4,854 7,078 1 833 HAFFINA RE 3 0 0 120 150 1,059 1,757 0 155 RELIANCE NATIONAL ASIA RE 0 0 1,192 0 0 2,591 244 167 SCOR RE A P 0 0 1,682 0 0 8,851 530 2,736 SINGAPORE RE 473 0 36,261 7,669 41,328 8,583 5,125 8,801 ---------- ---------- ------------ ---------- ---------- ----------- ---------- ---------- SUBTOTAL 473 0 49,676 10,907 52,984 43,910 6,317 13,742 ---------- ---------- ------------ ---------- ---------- ----------- ---------- ---------- FOREIGN COMPANIES ----------------- AGF IART 3 0 0 0 0 0 1,700 0 0 ALLIANZ AG 0 0 0 0 0 8,498 1,148 9 AMERICAN RE 0 0 0 0 0 8,087 43 69 CENTRAL RE 0 0 0 0 0 1,193 5 17 CNA RE 0 0 0 0 0 2,958 138 85 COLOGNE RE 0 0 48,898 10 15,043 2,440 2,282 785 COPENHAGEN RE 0 91 0 0 250 6,389 411 109 CTR 0 0 1,670 0 0 5,841 301 100 EAGLE STAR RE 3 0 0 0 0 0 2,510 72 58 ERC FRANKONA REASSURANCE 0 0 0 0 0 1,841 2 0 ERC FRANKONA REINSURANCE 0 0 1,229 0 1,750 13,118 961 421 EVEREST RE 0 0 0 0 0 5,595 252 156 FOLKSAM INTERNATIONAL 0 91 0 0 1,001 16,324 886 554 GE RE CORP 3 0 0 0 0 0 2,030 1 20 GENERALI 0 0 400 125 0 5,052 49 38 GERLING GLOBAL RE 0 0 1,411 1,091 878 1,493 329 38 KOREAN RE 0 45 950 0 0 3,097 58 317 LE MANS RE 0 0 2,682 499 7,738 2,522 362 284 MMI GENERAL INSURANCE 3 0 0 0 0 0 3,632 83 843 MUNICH RE 0 0 25,000 34,975 0 18,953 3,143 376 NEW RE 0 0 0 0 0 3,660 151 23 PARTNER RE 0 0 0 0 0 2,879 362 266 R&V 0 0 1,919 0 0 2,351 233 382 RHINE RE 0 0 249 400 249 4,835 263 109 ROYAL & SUN ALLIANCE RE 0 100 2,971 0 11,982 6,334 132 1,027 SOREMA 0 0 4,500 0 0 1,712 175 231 ST PAUL FIRE & MARINE 0 0 6,625 0 0 1,163 148 102 SUN ALLIANCE LONDON 0 0 0 0 999 13,854 634 128 SWISS RE 0 0 7,745 5,589 0 16,951 2,185 956 SYDNEY RE 0 0 0 0 0 5,506 248 433 TELA VERSICHERUNG 0 0 0 0 0 1,087 34 0 TOA RE 0 0 3,900 0 0 3,268 608 134 XL MID OCEAN RE 0 0 0 0 169 2,863 70 33 YASUDA FIRE & MARINE 0 0 0 0 0 6,543 265 66 ZURICH (RE) 0 0 1,223 0 0 4,549 258 297 ---------- ---------- ------------ ---------- ---------- ----------- ---------- ---------- SUBTOTAL 0 327 111,372 42,689 40,059 190,828 16,292 8,466 ---------- ---------- ------------ ---------- ---------- ----------- ---------- ---------- REINSURERS TOTAL 473 327 161,048 53,596 93,043 234,738 22,609 22,208 ---------- ---------- ------------ ---------- ---------- ----------- ---------- ---------- GRAND TOTAL 218,690 101,900 464,950 610,886 720,049 1,352,947 164,139 121,792 ========== ========== ============ ========== ========== =========== ========== ========== AS A PERCENTAGE OF TOTAL ADMITTED ASSETS/LIABILITIES 5.82 2.71 12.38 16.27 19.17 36.03 4.37 3.25 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.