TABLE L2: LIFE INSURANCE: REVENUE ACCOUNTS - EXPENDITURE OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31 DECEMBER 1999 (PART 1) ($'000) --------------------------------------------------------------------------------------------------------- CLAIMS CLAIMS CASH ANNUAL BY BY BONUSES PAYMENTS TO COMPANY DEATH MATURITY SURRENDERS PAID ANNUITANTS (1) (2) (3) (4) (5) --------------------------------------------------------------------------------------------------------- DIRECT INSURERS =============== LOCAL COMPANIES --------------- ASIA LIFE 2,292 17,017 5,253 0 123 AXA LIFE S'PORE 2,135 10,176 13,375 126 0 GREAT EASTERN LIFE 27,069 281,380 176,681 16,089 8,551 ICS 7,026 12,608 24,294 0 3,792 JOHN HANCOCK 1,611 3,665 14,326 0 0 KEPPEL 1,572 2,906 37,825 1,553 579 NTUC INCOME 32,721 67,056 143,865 0 14,749 OAC 4,631 37,383 15,718 0 108 OUB MANULIFE 1,795 862 14,885 0 0 PRUDENTIAL 22,328 15,693 267,253 0 19 UOB LIFE 796 6,839 4,232 0 1,114 ----------- ----------- ----------- ----------- ----------- SUBTOTAL 103,976 455,585 717,707 17,768 29,035 ----------- ----------- ----------- ----------- ----------- FOREIGN COMPANIES ----------------- AIA 57,519 222,503 181,107 45,646 1,521 CHINA LIFE 25 0 1 0 0 TAI PING LIFE 0 0 0 0 0 ----------- ----------- ----------- ----------- ----------- SUBTOTAL 57,544 222,503 181,108 45,646 1,521 ----------- ----------- ----------- ----------- ----------- INSURERS TOTAL 161,520 678,088 898,815 63,414 30,556 ----------- ----------- ----------- ----------- ----------- REINSURERS ========== FOREIGN COMPANIES ----------------- ALLIANZ AG 0 0 0 0 0 COLOGNE RE 571 0 0 0 0 ERC FRANKONA REASSURANCE 1,169 0 0 0 0 GERLING GLOBAL RE 0 0 0 0 0 LE MANS RE 0 0 0 0 0 LINCOLN NATIONAL 5 0 0 0 0 MUNICH RE 916 0 0 0 0 PARTNER RE 0 0 0 0 0 SCOR 825 0 0 0 0 SWISS RE 15,609 0 0 0 0 ----------- ----------- ----------- ----------- ----------- SUBTOTAL 19,095 0 0 0 0 ----------- ----------- ----------- ----------- ----------- REINSURERS TOTAL 19,095 0 0 0 0 ----------- ----------- ----------- ----------- ----------- GRAND TOTAL 180,615 678,088 898,815 63,414 30,556 =========== =========== =========== =========== =========== TABLE L2: LIFE INSURANCE: REVENUE ACCOUNTS - EXPENDITURE OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31 DECEMBER 1999 (PART 2) ($'000) --------------------------------------------------------------------------------------------------------------- TRANSFER TRANSFERS TO TO RESERVES COMMISSIONS AND HEAD OFFICE/ AND OTHER OTHER OTHER AGENCY MANAGEMENT SHAREHOLDERS' TRANSFER OUT COMPANY CLAIMS RELATED EXPENSES EXPENSES FUND OF THE FUND (6) (7) (8) (9) (10) --------------------------------------------------------------------------------------------------------------- DIRECT INSURERS =============== LOCAL COMPANIES --------------- ASIA LIFE 3,300 6,769 7,263 1,317 0 AXA LIFE S'PORE 590 18,795 11,730 950 1,047 GREAT EASTERN LIFE 23,649 145,430 41,563 0 497,784 ICS 1,095 10,994 32,600 0 0 JOHN HANCOCK 52 16,869 8,011 1,028 0 KEPPEL 3,185 11,839 5,355 0 0 NTUC INCOME 2,893 55,735 38,639 0 0 OAC 63 15,919 8,416 0 0 OUB MANULIFE 438 12,010 8,029 1,361 0 PRUDENTIAL 0 145,950 39,612 35,996 0 UOB LIFE 350 851 3,423 2,700 0 ----------- ----------- ------------ ----------- ----------- SUBTOTAL 35,615 441,161 204,641 43,352 498,831 ----------- ----------- ------------ ----------- ----------- FOREIGN COMPANIES ----------------- AIA 29,185 294,865 74,063 25,104 148 CHINA LIFE 0 0 116 0 0 TAI PING LIFE 0 0 148 0 0 ----------- ----------- ------------ ----------- ----------- SUBTOTAL 29,185 294,865 74,327 25,104 148 ----------- ----------- ------------ ----------- ----------- INSURERS TOTAL 64,800 736,026 278,968 68,456 498,979 ----------- ----------- ------------ ----------- ----------- REINSURERS ========== FOREIGN COMPANIES ----------------- ALLIANZ AG 0 0 0 0 0 COLOGNE RE 18 1,333 127 0 0 ERC FRANKONA REASSURANCE 0 607 823 0 0 GERLING GLOBAL RE 33 125 659 0 0 LE MANS RE 0 0 0 0 0 LINCOLN NATIONAL 0 0 22 0 0 MUNICH RE 1,190 1,479 98 738 0 PARTNER RE 0 1 0 0 0 SCOR 0 11 108 0 0 SWISS RE 0 4,695 3,501 14,378 0 ----------- ----------- ------------ ----------- ----------- SUBTOTAL 1,241 8,251 5,338 15,116 0 ----------- ----------- ------------ ----------- ----------- REINSURERS TOTAL 1,241 8,251 5,338 15,116 0 ----------- ----------- ------------ ----------- ----------- GRAND TOTAL 66,041 744,277 284,306 83,572 498,979 =========== =========== ============ =========== =========== TABLE L2: LIFE INSURANCE: REVENUE ACCOUNTS - EXPENDITURE OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31 DECEMBER 1999 (PART 3) ($'000) -------------------------------------------------------------------------------------------------------- PROVISION BALANCE OTHER FOR AT END COMPANY EXPENSES TAXATION OF YEAR TOTAL (11) (12) (13) (14) -------------------------------------------------------------------------------------------------------- DIRECT INSURERS =============== LOCAL COMPANIES --------------- ASIA LIFE 435 4,085 383,224 431,077 AXA LIFE S'PORE 766 3,221 442,274 505,186 GREAT EASTERN LIFE 5,423 47,429 7,560,704 8,831,754 ICS -32,961 9,675 953,630 1,022,755 JOHN HANCOCK -6,413 2,271 266,462 307,881 KEPPEL -2,144 1,887 366,304 430,861 NTUC INCOME -33,324 0 4,615,720 4,938,055 OAC 38 9,357 660,632 752,264 OUB MANULIFE -10,361 0 260,323 289,342 PRUDENTIAL -28,231 10,772 4,181,673 4,691,065 UOB LIFE -13,798 368 303,014 309,889 ------------ ------------ -------------- --------------- SUBTOTAL -120,570 89,065 19,993,960 22,510,129 ------------ ------------ -------------- --------------- FOREIGN COMPANIES ----------------- AIA -183,429 91,143 6,431,783 7,271,157 CHINA LIFE 0 0 729 871 TAI PING LIFE 0 0 23 126 ------------ ------------ -------------- --------------- SUBTOTAL -183,429 91,143 6,432,489 7,272,154 ------------ ------------ -------------- --------------- INSURERS TOTAL -303,999 180,208 26,426,449 29,782,283 ------------ ------------ -------------- --------------- REINSURERS ========== FOREIGN COMPANIES ----------------- ALLIANZ AG 0 0 0 0 COLOGNE RE 11 451 4,731 7,241 ERC FRANKONA REASSURANCE 15 0 1,303 3,917 GERLING GLOBAL RE 13 0 1,307 -477 LE MANS RE 0 0 0 0 LINCOLN NATIONAL 0 0 246 273 MUNICH RE 0 203 3,170 7,793 PARTNER RE 0 0 6 6 SCOR 4 32 1,898 2,878 SWISS RE 325 0 39,944 78,452 ------------ ------------ -------------- --------------- SUBTOTAL 368 686 49,991 100,083 ------------ ------------ -------------- --------------- REINSURERS TOTAL 368 686 49,991 100,083 ------------ ------------ -------------- --------------- GRAND TOTAL -303,631 180,894 26,476,440 29,882,366 ============ ============ ============== ===============