TABLE L3: LIFE INSURANCE: ASSETS AND LIABILITIES OF SINGAPORE INSURANCE FUNDS AS AT 31ST DECEMBER 1999 (PART 1) ($'000) ------------------------------------------------------------------------------------------------- LIABILITIES ------------------------------------------------- BALANCE OF REVENUE ACCOUNT TOTAL & OTHER OUTSTANDING OTHER ASSETS/ COMPANY RESERVES CLAIMS LIABILITIES LIABILITIES (1) (2) (3) (4) ------------------------------------------------------------------------------------------------- DIRECT INSURERS =============== LOCAL COMPANIES --------------- ASIA LIFE 384,590 3,686 12,582 400,858 AXA LIFE S'PORE 442,274 7,803 30,678 480,755 GREAT EASTERN LIFE 7,566,819 419,944 162,365 8,149,128 ICS 953,630 7,408 25,464 986,503 JOHN HANCOCK 266,462 1,736 10,600 278,799 KEPPEL 366,701 1,371 19,435 387,507 NTUC INCOME 4,615,720 18,268 41,620 4,675,608 OAC 660,632 3,321 32,026 695,979 OUB MANULIFE 260,323 1,013 9,355 270,691 PRUDENTIAL 4,218,776 19,762 104,756 4,343,294 UOB LIFE 303,014 344 3,283 306,641 ---------------- ------------- -------------- --------------- SUBTOTAL 20,038,941 484,656 452,164 20,975,763 ---------------- ------------- -------------- --------------- FOREIGN COMPANIES ----------------- AIA 6,431,783 43,478 833,170 7,308,430 CHINA LIFE 729 14 2,034 2,777 TAI PING LIFE -23 20 233 230 ---------------- ------------- -------------- --------------- SUBTOTAL 6,432,489 43,512 835,437 7,311,437 ---------------- ------------- -------------- --------------- INSURERS TOTAL 26,471,430 528,168 1,287,601 28,287,200 ---------------- ------------- -------------- --------------- REINSURERS ========== FOREIGN COMPANIES ----------------- ALLIANZ AG 0 0 0 0 COLOGNE RE 4,731 302 3,969 9,001 ERC FRANKONA REASSURANCE 1,303 916 1,931 4,150 GERLING GLOBAL RE -1,307 0 1,541 234 LE MANS RE 0 0 0 0 LINCOLN NATIONAL 246 0 1 247 MUNICH RE 4,151 0 654 4,805 PARTNER RE 6 0 15 21 SCOR 1,898 477 170 2,546 SWISS RE 39,944 0 7,552 47,496 ---------------- ------------- -------------- --------------- SUBTOTAL 50,972 1,695 15,833 68,500 ---------------- ------------- -------------- --------------- REINSURERS TOTAL 50,972 1,695 15,833 68,500 ---------------- ------------- -------------- --------------- GRAND TOTAL 26,522,402 529,863 1,303,434 28,355,700 ================ ============= ============== =============== TABLE L3: LIFE INSURANCE: ASSETS AND LIABILITIES OF SINGAPORE INSURANCE FUNDS AS AT 31ST DECEMBER 1999 (PART 2) ($'000) ---------------------------------------------------------------------------------------------------- ADMITTED ASSETS ------------------------------------------------------------------------ GOVT SEC. & PUBLIC LAND AND MORTGAGE POLICY OTHER AUTHORITY COMPANY BUILDINGS LOANS LOANS LOANS SECURITIES (5) (6) (7) (8) (9) ---------------------------------------------------------------------------------------------------- DIRECT INSURERS =============== LOCAL COMPANIES --------------- ASIA LIFE 16,045 9,656 28,909 5,487 3,753 AXA LIFE S'PORE 5,702 0 15,874 6,138 9,169 GREAT EASTERN LIFE 778,103 885,194 596,997 150,384 503,837 ICS 43,891 716 53,393 10,000 121,774 JOHN HANCOCK 9,819 1,178 13,162 374 28,414 KEPPEL 0 0 4,011 91 35,403 NTUC INCOME 470,387 350,454 278,609 464,365 529 OAC 0 0 38,709 57,426 24,833 OUB MANULIFE 0 0 20,218 91 42,482 PRUDENTIAL 184,117 2,042 239,662 40,690 422,007 UOB LIFE 0 0 690 9,967 45,676 ------------- ------------- ------------- ------------- ------------- SUBTOTAL 1,508,064 1,249,240 1,290,234 745,013 1,237,877 ------------- ------------- ------------- ------------- ------------- FOREIGN COMPANIES ----------------- AIA 342,320 292,316 358,838 80,801 1,496,301 CHINA LIFE 0 0 3 0 1,050 TAI PING LIFE 0 0 0 0 0 ------------- ------------- ------------- ------------- ------------- SUBTOTAL 342,320 292,316 358,841 80,801 1,497,351 ------------- ------------- ------------- ------------- ------------- INSURERS TOTAL 1,850,384 1,541,556 1,649,075 825,814 2,735,228 ------------- ------------- ------------- ------------- ------------- REINSURERS ========== FOREIGN COMPANIES ----------------- ALLIANZ AG 0 0 0 0 0 COLOGNE RE 0 0 0 0 5,956 ERC FRANKONA REASSURANCE 0 0 0 45 800 GERLING GLOBAL RE 0 0 0 0 0 LE MANS RE 0 0 0 0 0 LINCOLN NATIONAL 0 0 0 0 0 MUNICH RE 0 0 0 0 0 PARTNER RE 0 0 0 0 0 SCOR 0 0 0 0 0 SWISS RE 0 0 0 0 22,028 ------------- ------------- ------------- ------------- ------------- SUBTOTAL 0 0 0 45 28,784 ------------- ------------- ------------- ------------- ------------- REINSURERS TOTAL 0 0 0 45 28,784 ------------- ------------- ------------- ------------- ------------- GRAND TOTAL 1,850,384 1,541,556 1,649,075 825,859 2,764,012 ============= ============= ============= ============= ============= TABLE L3: LIFE INSURANCE: ASSETS AND LIABILITIES OF SINGAPORE INSURANCE FUNDS AS AT 31ST DECEMBER 1999 (PART 3) ($'000) -------------------------------------------------------------------------------------- ADMITTED ASSETS ---------------------------------------------------------- OTHER EQUITY SECUR. OF CASH & OTHER COMPANY SHARES COMPANIES DEPOSITS ASSETS (10) (11) (12) (13) -------------------------------------------------------------------------------------- DIRECT INSURERS =============== LOCAL COMPANIES --------------- ASIA LIFE 108,852 81,962 135,646 10,548 AXA LIFE S'PORE 213,147 116,833 105,192 8,700 GREAT EASTERN LIFE 2,197,032 1,184,901 1,733,454 119,226 ICS 185,252 408,237 143,996 19,243 JOHN HANCOCK 78,007 86,900 53,774 7,172 KEPPEL 239,825 85,682 17,273 5,222 NTUC INCOME 1,372,590 1,397,632 280,967 60,075 OAC 226,918 314,992 22,617 10,483 OUB MANULIFE 79,462 81,044 39,585 7,809 PRUDENTIAL 1,904,941 1,123,350 322,595 103,889 UOB LIFE 77,133 144,822 23,551 4,803 ------------- ------------- ------------- -------------- SUBTOTAL 6,683,159 5,026,355 2,878,650 357,170 ------------- ------------- ------------- -------------- FOREIGN COMPANIES ----------------- AIA 1,031,708 1,904,345 1,640,070 161,732 CHINA LIFE 0 0 1,552 172 TAI PING LIFE 0 0 230 0 ------------- ------------- ------------- -------------- SUBTOTAL 1,031,708 1,904,345 1,641,852 161,904 ------------- ------------- ------------- -------------- INSURERS TOTAL 7,714,867 6,930,700 4,520,502 519,074 ------------- ------------- ------------- -------------- REINSURERS ========== FOREIGN COMPANIES ----------------- ALLIANZ AG 0 0 0 0 COLOGNE RE 0 476 2,087 482 ERC FRANKONA REASSURANCE 0 0 2,935 369 GERLING GLOBAL RE 0 0 20 214 LE MANS RE 0 0 0 0 LINCOLN NATIONAL 0 0 236 11 MUNICH RE 0 0 3,991 814 PARTNER RE 0 0 21 0 SCOR 0 0 2,214 332 SWISS RE 0 0 24,278 1,189 ------------- ------------- ------------- -------------- SUBTOTAL 0 476 35,782 3,411 ------------- ------------- ------------- -------------- REINSURERS TOTAL 0 476 35,782 3,411 ------------- ------------- ------------- -------------- GRAND TOTAL 7,714,867 6,931,176 4,556,284 522,485 ============= ============= ============= ============== -------------------------------------------------------------------------------------- NOTES: IN RESPECT OF INVESTMENT LINKED BUSINESS, ALL ASSETS ARE FULLY ADMITTED