TABLE G5: GENERAL INSURANCE: OPERATING RESULTS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 1999 (PART 1) ($'000) ----------------------------------------------------------------------------------------------------------------- EARNED NET CLAIMS NET MANAGEMENT UNDERWRITING COMPANY PREMIUMS INCURRED COMMISSIONS EXPENSES PROFIT/(LOSS) (1) (2) (3) (4) (5) ----------------------------------------------------------------------------------------------------------------- DIRECT INSURERS =============== LOCAL COMPANIES --------------- ACE INSURANCE 26,834 2,967 7,641 7,364 8,862 ALLIANZ 6,120 5,377 -889 3,713 -2,081 ALLIANZ SINGAPORE 2,163 -1,841 66 1,897 2,041 ASIA 50,310 33,926 5,798 7,785 2,801 ASIA LTD 0 0 0 0 0 AXA SINGAPORE 61,748 48,737 10,086 18,289 -15,364 COSMIC 40,193 28,299 5,339 9,496 -2,941 ECICS-COFACE 427 -67 -276 456 314 FIRST CAPITAL 7,814 4,071 1,118 2,958 -333 GREAT EASTERN LIFE 18,425 11,240 2,711 3,703 771 HARTFORD (S) 27,316 22,384 5,099 6,429 -6,596 ICS 47,330 26,780 -1,045 13,952 7,643 INDIA INTERNATIONAL 32,672 25,773 3,813 4,059 -973 INDUSTRIAL & COMMERCIAL 1,839 1,362 -47 868 -344 KEMPER INTERNATIONAL 1,857 2,329 796 1,981 -3,249 KEPPEL 23,906 16,539 1,621 5,359 387 LIBERTY CITYSTATE 21,284 10,744 3,864 5,390 1,286 MITSUI (ASIA) 18,009 11,834 -2,898 6,502 2,571 NANYANG 10,919 8,239 2,025 3,296 -2,641 NTUC INCOME 134,949 100,571 12,131 17,639 4,608 OAC 19,677 19,867 -1,118 8,162 -7,234 OUI 14,464 4,968 -1,464 4,026 6,934 ROYAL & SUN ALLIANCE 41,023 24,224 5,648 12,500 -1,349 SAGI 1 -378 -101 -51 194 -420 SAGI-CAPTIVE 2 6,173 4,484 -639 398 1,930 STANDARD ASIA 211 167 1 432 -389 TOKIO MARINE & FIRE (S) 13,801 5,307 -2,055 5,030 5,519 UOI 11,512 5,405 -1,173 2,896 4,384 WINTERTHUR (FE) 12,074 5,141 1,851 4,349 733 YASUDA (ASIA) 8,692 3,131 -495 3,124 2,932 ZURICH 18,529 9,740 1,822 6,083 884 ----------- ---------- ---------- ---------- ---------- SUBTOTAL 679,893 441,597 59,280 168,330 10,686 ----------- ---------- ---------- ---------- ---------- FOREIGN COMPANIES ----------------- AIA 45,641 7,283 17,834 7,266 13,258 AMERICAN HOME 60,007 31,488 8,803 12,217 7,499 AXA 21,955 15,919 4,278 7,177 -5,419 CGU 58,970 30,142 8,865 15,541 4,422 CHINA 21,340 15,925 -198 5,354 259 FEDERAL 9,372 4,898 1,247 3,857 -630 GENERAL ACCIDENT_ASIA 7,161 5,083 1,362 2,028 -1,312 HSBC 9,114 5,883 -41 2,654 618 ING INSURANCE 21,036 12,323 2,736 5,896 81 LONPAC 1,927 1,072 217 1,192 -554 NIPPON FIRE & MARINE 10,314 4,339 916 2,349 2,710 QBE 22,959 10,219 4,998 6,984 758 SUMITOMO MARINE & FIRE 16,887 6,732 -1,712 4,317 7,550 TAI PING 27,980 20,135 3,765 4,820 -740 TT CLUB 278 162 -312 331 97 UK CLUB 760 221 12 406 121 UMBC 12,711 7,758 2,457 2,886 -390 VESTA -2,465 1,333 19 51 -3,868 WING ON FIRE & MARINE 5,958 3,989 459 2,211 -701 ----------- ---------- ---------- ---------- ---------- SUBTOTAL 351,905 184,904 55,705 87,537 23,759 ----------- ---------- ---------- ---------- ---------- INSURERS TOTAL 1,031,798 626,501 114,985 255,867 34,445 ----------- ---------- ---------- ---------- ---------- PROFESSIONAL REINSURERS ======================= LOCAL COMPANIES --------------- ASEAN RE 1,448 1,198 276 256 -282 AXA RE 4,877 6,024 1,530 255 -2,932 EQUATORIAL RE 3 65 442 13 -64 -326 HAFFINA RE 3 0 1,300 0 81 -1,381 RELIANCE NATIONAL ASIA RE 1,313 834 240 288 -49 SCOR RE A P 3,227 2,227 1,141 630 -771 SINGAPORE RE 41,513 27,625 8,307 5,536 45 ----------- ---------- ---------- ---------- ---------- SUBTOTAL 52,443 39,650 11,507 6,982 -5,696 ----------- ---------- ---------- ---------- ---------- FOREIGN COMPANIES ----------------- AGF IART 3 79 95 -24 2 6 ALLIANZ AG 5,503 1,204 1,394 553 2,352 AMERICAN RE 1,821 1,621 255 121 -176 CENTRAL RE 46 2 5 52 -13 CNA RE 856 221 200 62 373 COLOGNE RE 18,167 8,887 3,854 2,312 3,114 COPENHAGEN RE 2,515 1,722 794 184 -185 CTR 2,113 1,675 561 141 -264 EAGLE STAR RE 3 709 1,343 133 291 -1,058 ERC FRANKONA REASSURANCE 1,815 465 851 807 -308 ERC FRANKONA REINSURANCE 6,431 4,794 1,467 1,605 -1,435 EVEREST RE 1,631 2,381 673 228 -1,651 FOLKSAM INTERNATIONAL 5,823 2,564 1,483 569 1,207 GE RE CORP 3 119 20 4 5 90 GENERALI 337 221 143 25 -52 GERLING GLOBAL RE 2,467 4,803 800 160 -3,296 KOREAN RE 1,053 689 367 224 -227 LE MANS RE 1,784 3,282 614 113 -2,225 MMI GENERAL INSURANCE 3 1,446 3,385 672 44 -2,655 MUNICH RE 26,815 15,756 6,659 2,096 2,304 NEW RE 1,048 683 335 67 -37 PARTNER RE 1,899 1,264 517 336 -218 R&V 1,846 1,009 649 115 73 RHINE RE 2,050 1,443 571 99 -63 ROYAL & SUN ALLIANCE RE 3,667 1,799 809 320 739 SOREMA 1,510 1,196 311 102 -99 ST PAUL FIRE & MARINE 2,689 1,752 729 340 -132 SUN ALLIANCE LONDON 3,485 1,154 849 926 556 SWISS RE 16,266 14,949 4,694 1,983 -5,360 SYDNEY RE 1,789 246 518 131 894 TELA VERSICHERUNG 132 13 19 20 80 TOA RE 3,559 2,283 1,041 398 -163 XL MID OCEAN RE 551 401 76 105 -31 YASUDA FIRE & MARINE 2,279 1,953 532 141 -347 ZURICH (RE) 1,821 1,829 642 341 -991 ----------- ---------- ---------- ---------- ---------- SUBTOTAL 126,121 87,104 33,197 15,018 -9,198 ----------- ---------- ---------- ---------- ---------- REINSURERS TOTAL 178,564 126,754 44,704 22,000 -14,894 ----------- ---------- ---------- ---------- ---------- GRAND TOTAL 1,210,362 753,255 159,689 277,867 19,551 =========== ========= ========= ========= ========= TABLE G5: GENERAL INSURANCE: OPERATING RESULTS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 1999 (PART 2) ($'000) ------------------------------------------------------------------------------------------------------------------------------------ NET CLAIMS NET MANAGEMENT UNDERWRITING INCURRED COMMISSIONS EXPENSES PROFIT/(LOSS) -------------------------------------------------------------- NET INVESTMENT OPERATING COMPANY AS A PERCENTAGE OF EARNED PREMIUMS INCOME PROFIT/(LOSS) (6) (7) (8) (9) (10) (11) ------------------------------------------------------------------------------------------------------------------------------------ DIRECT INSURERS =============== LOCAL COMPANIES --------------- ACE INSURANCE 11.06 28.48 27.44 33.02 3,675 12,537 ALLIANZ 87.86 -14.53 60.67 -34.00 501 -1,580 ALLIANZ SINGAPORE -85.11 3.05 87.70 94.36 845 2,886 ASIA 67.43 11.52 15.47 5.58 7,067 9,868 ASIA LTD 0.00 0.00 0.00 100.00 0 0 AXA SINGAPORE 78.93 16.33 29.62 -24.88 3,131 -12,233 COSMIC 70.41 13.28 23.63 -7.32 3,263 322 ECICS-COFACE -15.69 -64.64 106.79 73.54 205 519 FIRST CAPITAL 52.10 14.31 37.86 -4.27 858 525 GREAT EASTERN LIFE 61.00 14.71 20.10 4.19 626 1,397 HARTFORD (S) 81.94 18.67 23.54 -24.15 2,773 -3,823 ICS 56.58 -2.21 29.48 16.15 4,446 12,089 INDIA INTERNATIONAL 78.88 11.67 12.42 -2.97 8,460 7,487 INDUSTRIAL & COMMERCIAL 74.06 -2.56 47.20 -18.70 637 293 KEMPER INTERNATIONAL 125.42 42.86 106.68 -174.96 101 -3,148 KEPPEL 69.18 6.78 22.42 1.62 3,203 3,590 LIBERTY CITYSTATE 50.48 18.15 25.32 6.05 1,405 2,691 MITSUI (ASIA) 65.71 -16.09 36.10 14.28 1,990 4,561 NANYANG 75.46 18.55 30.19 -24.20 897 -1,744 NTUC INCOME 74.53 8.99 13.07 3.41 12,590 17,198 OAC 100.97 -5.68 41.48 -36.77 2,062 -5,172 OUI 34.35 -10.12 27.83 47.94 2,561 9,495 ROYAL & SUN ALLIANCE 59.05 13.77 30.47 -3.29 4,211 2,862 SAGI 1 26.72 13.49 -51.32 111.11 100 -320 SAGI-CAPTIVE 2 72.64 -10.35 6.45 31.26 401 2,331 STANDARD ASIA 79.15 0.47 204.74 -184.36 114 -275 TOKIO MARINE & FIRE (S) 38.45 -14.89 36.45 39.99 970 6,489 UOI 46.95 -10.19 25.16 38.08 1,470 5,854 WINTERTHUR (FE) 42.58 15.33 36.02 6.07 898 1,631 YASUDA (ASIA) 36.02 -5.69 35.94 33.73 977 3,909 ZURICH 52.57 9.83 32.83 4.77 1,348 2,232 -------- -------- -------- -------- ---------- ---------- SUBTOTAL 64.95 8.72 24.76 1.57 71,785 82,471 -------- -------- -------- -------- ---------- ---------- FOREIGN COMPANIES ----------------- AIA 15.96 39.07 15.92 29.05 3,373 16,631 AMERICAN HOME 52.47 14.67 20.36 12.50 5,173 12,672 AXA 72.51 19.49 32.69 -24.69 1,318 -4,101 CGU 51.11 15.03 26.35 7.51 3,022 7,444 CHINA 74.63 -0.93 25.09 1.21 1,154 1,413 FEDERAL 52.26 13.31 41.15 -6.72 653 23 GENERAL ACCIDENT_ASIA 70.98 19.02 28.32 -18.32 360 -952 HSBC 64.55 -0.45 29.12 6.78 669 1,287 ING INSURANCE 58.58 13.01 28.03 0.38 1,715 1,796 LONPAC 55.63 11.26 61.86 -28.75 267 -287 NIPPON FIRE & MARINE 42.07 8.88 22.77 26.28 868 3,578 QBE 44.51 21.77 30.42 3.30 1,518 2,276 SUMITOMO MARINE & FIRE 39.86 -10.14 25.56 44.72 892 8,442 TAI PING 71.96 13.46 17.23 -2.65 2,074 1,334 TT CLUB 58.27 -112.23 119.06 34.90 67 164 UK CLUB 29.08 1.58 53.42 15.92 33 154 UMBC 61.03 19.33 22.70 -3.06 1,490 1,100 VESTA -54.08 -0.77 -2.07 156.92 122 -3,746 WING ON FIRE & MARINE 66.95 7.70 37.11 -11.76 398 -303 -------- -------- -------- -------- ---------- ---------- SUBTOTAL 52.54 15.83 24.88 6.75 25,166 48,925 -------- -------- -------- -------- ---------- ---------- INSURERS TOTAL 60.72 11.14 24.80 3.34 96,951 131,396 -------- -------- -------- -------- ---------- ---------- PROFESSIONAL REINSURERS ======================= LOCAL COMPANIES --------------- ASEAN RE 82.73 19.06 17.68 -19.47 324 42 AXA RE 123.52 31.37 5.23 -60.12 814 -2,118 EQUATORIAL RE 3 680.00 20.00 -98.46 -501.54 352 26 HAFFINA RE 3 0.00 0.00 0.00 100.00 59 -1,322 RELIANCE NATIONAL ASIA RE 63.52 18.28 21.93 -3.73 76 27 SCOR RE A P 69.01 35.36 19.52 -23.89 377 -394 SINGAPORE RE 66.55 20.01 13.34 0.10 4,189 4,234 -------- -------- -------- -------- ---------- ---------- SUBTOTAL 75.61 21.94 13.31 -10.86 6,191 495 -------- -------- -------- -------- ---------- ---------- FOREIGN COMPANIES ----------------- AGF IART 3 120.25 -30.38 2.53 7.60 15 21 ALLIANZ AG 21.88 25.33 10.05 42.74 54 2,406 AMERICAN RE 89.02 14.00 6.64 -9.66 174 -2 CENTRAL RE 4.35 10.87 113.04 -28.26 24 11 CNA RE 25.82 23.36 7.24 43.58 43 416 COLOGNE RE 48.92 21.21 12.73 17.14 3,736 6,850 COPENHAGEN RE 68.47 31.57 7.32 -7.36 135 -50 CTR 79.27 26.55 6.67 -12.49 213 -51 EAGLE STAR RE 3 189.42 18.76 41.04 -149.22 35 -1,023 ERC FRANKONA REASSURANCE 25.62 46.89 44.46 -16.97 16 -292 ERC FRANKONA REINSURANCE 74.55 22.81 24.96 -22.32 428 -1,007 EVEREST RE 145.98 41.26 13.98 -101.22 60 -1,591 FOLKSAM INTERNATIONAL 44.03 25.47 9.77 20.73 311 1,518 GE RE CORP 3 16.81 3.36 4.20 75.63 20 110 GENERALI 65.58 42.43 7.42 -15.43 395 343 GERLING GLOBAL RE 194.69 32.43 6.49 -133.61 34 -3,262 KOREAN RE 65.43 34.85 21.27 -21.55 183 -44 LE MANS RE 183.97 34.42 6.33 -124.72 280 -1,945 MMI GENERAL INSURANCE 3 234.09 46.47 3.04 -183.60 44 -2,611 MUNICH RE 58.76 24.83 7.82 8.59 2,792 5,096 NEW RE 65.17 31.97 6.39 -3.53 62 25 PARTNER RE 66.56 27.22 17.69 -11.47 42 -176 R&V 54.66 35.16 6.23 3.95 109 182 RHINE RE 70.39 27.85 4.83 -3.07 132 69 ROYAL & SUN ALLIANCE RE 49.06 22.06 8.73 20.15 920 1,659 SOREMA 79.21 20.60 6.75 -6.56 206 107 ST PAUL FIRE & MARINE 65.15 27.11 12.64 -4.90 282 150 SUN ALLIANCE LONDON 33.11 24.36 26.57 15.96 257 813 SWISS RE 91.90 28.86 12.19 -32.95 512 -4,848 SYDNEY RE 13.75 28.95 7.32 49.98 91 985 TELA VERSICHERUNG 9.85 14.39 15.15 60.61 13 93 TOA RE 64.15 29.25 11.18 -4.58 141 -22 XL MID OCEAN RE 72.78 13.79 19.06 -5.63 59 28 YASUDA FIRE & MARINE 85.70 23.34 6.19 -15.23 96 -251 ZURICH (RE) 100.44 35.26 18.73 -54.43 116 -875 -------- -------- -------- -------- ---------- ---------- SUBTOTAL 69.06 26.32 11.91 -7.29 12,030 2,832 -------- -------- -------- -------- ---------- ---------- REINSURERS TOTAL 70.99 25.04 12.32 -8.35 18,221 3,327 -------- -------- -------- -------- ---------- ---------- GRAND TOTAL 62.23 13.19 22.96 1.62 115,172 134,723 ======== ======== ======== ======== ========== ========== 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.