TABLE L10: LIFE INSURANCE VALUATION REPORTS (PART 1) ($'000) ----------------------------------------------------------------------------------------------------------------------------------- PARTICULARS OF VALUATION VALUATION BASIS (LESS RE-INSURANCES) ------------------------------------- ---------------------------------------------------- TOTAL SUMS INSURED ANNUITIES TOTAL TOTAL DATE OF AND PER OFFICE NET COMPANY VALUATION INSURANCE ANNUITIES BONUSES ANNUM PREMIUMS PREMIUMS (1) (2) (3) (4) (5) (6) ----------------------------------------------------------------------------------------------------------------------------------- DIRECT INSURERS =============== AIA 31.12.99 CVT92 4% a(90) 5% 76,524,683 5,252 1,692,390 971,072 ASIA LIFE 31.12.99 CVT92 4% a(90) 5% 4,611,936 2,063 53,706 27,320 AXA LIFE S'PORE 31.12.99 CVT92 4% - - 3,425,677 0 71,911 49,214 CHINA LIFE 31.12.99 CVT92 4% - - 55 0 3 1 GREAT EASTERN LIFE 31.12.99 CVT92 4% a(90) 5% 47,691,926 18,097 1,251,803 793,618 ICS 31.12.99 CVT92 4% a(90) 5% 19,934,003 5,594 112,442 83,193 JOHN HANCOCK 31.12.99 CVT92 4% - - 2,735,624 0 67,542 28,935 KEPPEL 31.12.99 CVT92 4% a(90) 5% 3,866,008 1,117 47,516 19,526 NTUC INCOME 31.12.99 38,079,522 38,535 545,535 336,795 OAC 31.12.99 4,009,112 1,864 109,419 66,357 OUB MANULIFE 31.12.99 CVT92 4% a(90) 5% 3,192,960 0 56,993 38,747 PRUDENTIAL 31.12.99 CVT92 4% a(90) 5% 36,545,153 680 665,826 267,434 TAI PING LIFE 31.12.99 - - - - 0 0 0 0 UOB LIFE 31.12.99 CVT92 4% a(90) 5% 1,755,656 5,983 5,629 3,699 REINSURERS ========== ALLIANZ AG 31.12.99 - - 0 0 0 0 COLOGNE RE 31.12.99 - - 2,138,049 0 3,625 0 ERC FRANKONA REASSURANCE 31.12.99 - - 1,099,637 0 1,630 1,293 GERLING GLOBAL RE 31.12.99 - - 84,049 0 226 0 LE MANS RE 31.12.99 - - 0 0 0 0 LINCOLN NATIONAL 31.12.99 - - 2,805 0 19 17 MUNICH RE 31.12.99 - - 2,246,083 0 4,547 0 PARTNER RE 31.12.99 - - 300 0 1 1 SCOR 31.12.99 - - 109,480 0 569 0 SWISS RE 31.12.99 - - 9,919,045 0 22,516 0 TABLE L10: LIFE INSURANCE VALUATION REPORTS (PART 2) ($'000) ----------------------------------------------------------------------------------------------------------------------------- PARTICULARS OF VALUATION (LESS RE-INSURANCE) ------------------------------------------------ PRESENT VALUE OF SUMS INSURED, PRESENT BALANCE SURPLUS ANNUITIES VALUE OF OF AT PER ANNUM FUTURE NET REVENUE SURPLUS VALUATION COMPANY AND BONUSES PREMIUMS LIABILITY ACCOUNT ARISING DATE (7) (8) (9) (10) (11) (12) ----------------------------------------------------------------------------------------------------------------------------- DIRECT INSURERS =============== AIA 16,612,029 11,080,932 5,531,097 6,431,783 652,295 900,686 ASIA LIFE 604,077 293,670 310,407 383,224 18,110 74,020 AXA LIFE S'PORE 957,370 552,813 404,557 442,274 26,052 35,642 CHINA LIFE 27 2 25 729 -16 704 GREAT EASTERN LIFE 15,288,196 8,535,517 6,752,679 7,560,704 818,165 823,973 ICS 1,562,488 652,186 910,301 953,630 38,639 43,879 JOHN HANCOCK 602,796 378,469 224,327 266,462 19,819 43,964 KEPPEL 544,905 196,311 348,594 366,304 12,565 17,710 NTUC INCOME 8,541,668 4,424,011 4,117,657 4,615,720 234,769 498,063 OAC 1,313,679 728,163 585,517 660,632 66,912 76,776 OUB MANULIFE 572,274 331,132 241,141 260,323 17,187 19,504 PRUDENTIAL 7,656,560 3,761,871 3,894,689 4,181,673 109,741 286,984 TAI PING LIFE 0 0 0 -23 32 -23 UOB LIFE 320,406 29,454 290,952 303,014 12,052 12,062 REINSURERS ========== ALLIANZ AG 0 0 0 0 0 0 COLOGNE RE 2,074 0 2,074 4,731 686 2,657 ERC FRANKONA REASSURANCE 1,293 0 1,293 1,303 -2,810 10 GERLING GLOBAL RE 71 0 71 -1,307 -1,569 -1,378 LE MANS RE 0 0 0 0 0 0 LINCOLN NATIONAL 21 0 21 246 18 225 MUNICH RE 2,230 0 2,230 3,170 47 940 PARTNER RE 1 0 1 6 4 4 SCOR 322 0 322 1,898 -72 1,576 SWISS RE 24,390 0 24,390 39,944 -1,366 15,554