TABLE G5: GENERAL INSURANCE: OPERATING RESULTS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2000 (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 -568 3,751 -8,930 6,526 -1,915 ALLIANZ SINGAPORE 7,553 5,125 -1,106 4,859 -1,325 ASIA 51,201 38,226 6,176 7,795 -996 ASIA LTD 0 0 0 0 0 AXA SINGAPORE 73,627 43,598 11,071 22,938 -3,980 COSMIC 40,245 33,323 6,346 6,557 -5,981 ECICS-COFACE 218 29 -458 490 157 FIRST CAPITAL 9,796 8,333 1,356 3,033 -2,926 GREAT EASTERN LIFE 21,773 13,972 2,637 3,818 1,346 HARTFORD (S) 22,793 19,696 3,864 5,656 -6,423 ICS 49,294 34,001 -214 14,421 1,086 INDIA INTERNATIONAL 35,609 27,046 3,826 4,021 716 KEMPER INTERNATIONAL 5,644 5,325 1,505 1,837 -3,023 KEPPEL 22,773 13,961 2,212 6,043 557 LIBERTY CITYSTATE 24,106 13,338 4,266 5,972 530 MITSUI (ASIA) 21,950 15,882 -2,059 6,663 1,464 NANYANG 11,277 8,908 1,571 3,499 -2,701 NTUC INCOME 153,122 111,349 12,104 21,736 7,933 OAC 18,134 11,426 -1,279 8,388 -401 OUI 11,706 3,699 -481 4,377 4,111 ROYAL & SUN ALLIANCE 37,270 26,413 4,945 11,927 -6,015 SAGI 1 0 20 -48 207 -179 SAGI-CAPTIVE 2 6,638 6,015 -947 406 1,164 STANDARD ASIA 237 154 1 401 -319 TOKIO MARINE & FIRE (S) 13,901 5,465 -1,932 5,187 5,181 UOI 12,413 5,663 -1,274 3,691 4,333 WINTERTHUR (FE) 8,640 6,176 1,000 3,862 -2,398 YASUDA (ASIA) 9,582 4,556 -508 4,201 1,333 ZURICH 19,048 10,273 1,940 6,466 369 ----------- ---------- ---------- ---------- ---------- SUBTOTAL 687,982 475,723 45,584 174,977 -8,302 ----------- ---------- ---------- ---------- ---------- FOREIGN COMPANIES ----------------- AIA 50,376 8,584 18,584 7,462 15,746 AMERICAN HOME 63,490 37,842 9,642 13,333 2,673 CGU 61,322 36,641 9,919 15,259 -497 CHINA 34,094 36,375 -227 6,508 -8,562 EULER TRADE -99 0 -10 244 -333 FEDERAL 12,346 5,267 1,613 3,903 1,563 HSBC 6,212 1,656 112 3,140 1,304 ING INSURANCE 24,609 15,164 3,351 5,468 626 LONPAC 2,954 1,416 290 1,717 -469 MAYBAN 12,990 7,217 2,371 3,296 106 NIPPONKOA 10,641 6,786 979 2,477 399 QBE 25,379 14,754 5,144 7,272 -1,791 SUMITOMO MARINE & FIRE 16,508 6,532 -2,007 4,641 7,342 TAI PING 25,551 17,733 3,797 4,944 -923 TT CLUB 329 12 -331 334 314 UK CLUB 993 237 31 1,076 -351 WING ON FIRE & MARINE 6,330 5,454 435 3,066 -2,625 ----------- ---------- ---------- ---------- ---------- SUBTOTAL 354,025 201,670 53,693 84,140 14,522 ----------- ---------- ---------- ---------- ---------- INSURERS TOTAL 1,042,007 677,393 99,277 259,117 6,220 ----------- ---------- ---------- ---------- ---------- PROFESSIONAL REINSURERS ======================= LOCAL COMPANIES --------------- ASEAN RE 3 1,046 436 88 101 421 AXA CORPORATE SOLUTIONS 7,251 5,198 2,862 771 -1,580 EQUATORIAL RE 3 29 84 16 287 -358 HAFFINA RE 3 -12 489 -1 107 -607 RELIANCE NATIONAL ASIA RE 3 815 702 140 140 -167 SCOR RE A P 3,890 1,689 880 362 959 SINGAPORE RE 41,176 25,681 8,347 5,282 1,866 ----------- ---------- ---------- ---------- ---------- SUBTOTAL 54,195 34,279 12,332 7,050 534 ----------- ---------- ---------- ---------- ---------- FOREIGN COMPANIES ----------------- ALEA EUROPE 2,056 1,403 538 99 16 ALLIANZ AUSTRALIA 3 27 -1,299 13 660 653 ALLIANZ AG 10,129 6,393 2,674 597 465 AMERICAN RE 1,534 1,085 212 70 167 CENTRAL RE 20 11 3 24 -18 CNA RE 1,466 1,307 416 44 -301 COLOGNE RE 17,610 10,661 3,958 2,563 428 COPENHAGEN RE 2,814 1,848 926 186 -146 CTR 2,226 1,799 584 96 -253 ERC FRANKONA REINSURANCE 7,154 7,070 1,870 1,547 -3,333 EVEREST RE 2,449 2,024 854 369 -798 FOLKSAM INTERNATIONAL 5,723 2,951 1,606 505 661 GE FRANKONA REASSURANCE 2,373 1,664 874 283 -448 GE FRANKONA REINSURANCE 0 0 0 0 0 GE RE CORP 3 12 126 2 11 -127 GENERALI 411 319 128 -163 127 GERLING GLOBAL RE 3,239 3,298 965 298 -1,322 KOREAN RE 1,057 910 358 50 -261 LE MANS RE 2,380 1,151 602 180 447 MUNICH RE 24,297 7,294 6,812 1,260 8,931 NEW RE 1,371 1,076 407 72 -184 PARTNER RE 2,230 1,482 668 219 -139 R&V 1,992 1,159 764 96 -27 ROYAL & SUN ALLIANCE RE 2,581 1,379 572 -128 758 SIRIUS INTERNATIONAL 680 900 197 145 -562 SOREMA 1,010 412 105 65 428 ST PAUL FIRE & MARINE 2,518 612 757 343 806 SUN ALLIANCE LONDON 5,546 3,769 1,029 1,095 -347 SWISS RE 18,964 4,726 4,372 1,568 8,298 SYDNEY RE 1,253 -333 314 394 878 TELA VERSICHERUNG 3 139 -9 24 18 106 TOA RE 8,008 9,558 3,077 459 -5,086 XL RE 638 228 96 98 216 YASUDA FIRE & MARINE 2,144 1,361 634 197 -48 ZURICH (RE) 2,798 1,073 933 296 496 ----------- ---------- ---------- ---------- ---------- SUBTOTAL 138,849 77,408 37,344 13,616 10,481 ----------- ---------- ---------- ---------- ---------- REINSURERS TOTAL 193,044 111,687 49,676 20,666 11,015 ----------- ---------- ---------- ---------- ---------- GRAND TOTAL 1,235,051 789,080 148,953 279,783 17,235 =========== ========= ========= ========= ========= TABLE G5: GENERAL INSURANCE: OPERATING RESULTS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2000 (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 -660.39 1,572.18 -1,148.94 337.15 2,881 966 ALLIANZ SINGAPORE 67.85 -14.64 64.33 -17.54 1,752 427 ASIA 74.66 12.06 15.22 -1.94 8,141 7,145 ASIA LTD 0.00 0.00 0.00 100.00 0 0 AXA SINGAPORE 59.21 15.04 31.15 -5.40 5,114 1,134 COSMIC 82.80 15.77 16.29 -14.86 2,491 -3,490 ECICS-COFACE 13.30 -210.09 224.77 72.02 240 397 FIRST CAPITAL 85.07 13.84 30.96 -29.87 925 -2,001 GREAT EASTERN LIFE 64.17 12.11 17.54 6.18 898 2,244 HARTFORD (S) 86.41 16.95 24.81 -28.17 3,286 -3,137 ICS 68.98 -0.43 29.26 2.19 4,837 5,923 INDIA INTERNATIONAL 75.95 10.74 11.29 2.02 10,572 11,288 KEMPER INTERNATIONAL 94.35 26.67 32.55 -53.57 437 -2,586 KEPPEL 61.31 9.71 26.54 2.44 2,826 3,383 LIBERTY CITYSTATE 55.33 17.70 24.77 2.20 1,174 1,704 MITSUI (ASIA) 72.36 -9.38 30.36 6.66 2,360 3,824 NANYANG 78.99 13.93 31.03 -23.95 900 -1,801 NTUC INCOME 72.72 7.90 14.20 5.18 17,483 25,416 OAC 63.01 -7.05 46.26 -2.22 8,421 8,020 OUI 31.60 -4.11 37.39 35.12 3,143 7,254 ROYAL & SUN ALLIANCE 70.87 13.27 32.00 -16.14 4,491 -1,524 SAGI 1 0.00 0.00 0.00 100.00 96 -83 SAGI-CAPTIVE 2 90.61 -14.27 6.12 17.54 353 1,517 STANDARD ASIA 64.98 0.42 169.20 -134.60 344 25 TOKIO MARINE & FIRE (S) 39.31 -13.90 37.31 37.28 834 6,015 UOI 45.62 -10.26 29.73 34.91 1,576 5,909 WINTERTHUR (FE) 71.48 11.57 44.70 -27.75 1,128 -1,270 YASUDA (ASIA) 47.55 -5.30 43.84 13.91 1,184 2,517 ZURICH 53.93 10.18 33.95 1.94 1,633 2,002 -------- -------- -------- -------- ---------- ---------- SUBTOTAL 69.15 6.63 25.43 -1.21 89,520 81,218 -------- -------- -------- -------- ---------- ---------- FOREIGN COMPANIES ----------------- AIA 17.04 36.89 14.81 31.26 3,635 19,381 AMERICAN HOME 59.60 15.19 21.00 4.21 5,795 8,468 CGU 59.75 16.18 24.88 -0.81 4,065 3,568 CHINA 106.69 -0.67 19.09 -25.11 1,109 -7,453 EULER TRADE 0.00 10.10 -246.46 336.36 6 -327 FEDERAL 42.66 13.06 31.61 12.67 880 2,443 HSBC 26.66 1.80 50.55 20.99 659 1,963 ING INSURANCE 61.62 13.62 22.22 2.54 1,879 2,505 LONPAC 47.94 9.82 58.12 -15.88 519 50 MAYBAN 55.56 18.25 25.37 0.82 1,181 1,287 NIPPONKOA 63.77 9.20 23.28 3.75 901 1,300 QBE 58.13 20.27 28.65 -7.05 795 -996 SUMITOMO MARINE & FIRE 39.57 -12.16 28.11 44.48 1,060 8,402 TAI PING 69.40 14.86 19.35 -3.61 1,884 961 TT CLUB 3.65 -100.61 101.52 95.44 105 419 UK CLUB 23.87 3.12 108.36 -35.35 -50 -401 WING ON FIRE & MARINE 86.16 6.87 48.44 -41.47 397 -2,228 -------- -------- -------- -------- ---------- ---------- SUBTOTAL 56.96 15.17 23.77 4.10 24,820 39,342 -------- -------- -------- -------- ---------- ---------- INSURERS TOTAL 65.01 9.53 24.87 0.59 114,340 120,560 -------- -------- -------- -------- ---------- ---------- PROFESSIONAL REINSURERS ======================= LOCAL COMPANIES --------------- ASEAN RE 3 41.68 8.41 9.66 40.25 224 645 AXA CORPORATE SOLUTIONS 71.69 39.47 10.63 -21.79 865 -715 EQUATORIAL RE 3 289.66 55.17 989.66 -1,234.49 463 105 HAFFINA RE 3 -4,075.00 8.33 -891.67 5,058.34 82 -525 RELIANCE NATIONAL ASIA RE 3 86.13 17.18 17.18 -20.49 135 -32 SCOR RE A P 43.42 22.62 9.31 24.65 571 1,530 SINGAPORE RE 62.37 20.27 12.83 4.53 4,416 6,282 -------- -------- -------- -------- ---------- ---------- SUBTOTAL 63.25 22.75 13.01 0.99 6,756 7,290 -------- -------- -------- -------- ---------- ---------- FOREIGN COMPANIES ----------------- ALEA EUROPE 68.24 26.17 4.82 0.77 129 145 ALLIANZ AUSTRALIA 3 -4,811.11 48.15 2,444.44 2,418.52 145 798 ALLIANZ AG 63.12 26.40 5.89 4.59 187 652 AMERICAN RE 70.73 13.82 4.56 10.89 201 368 CENTRAL RE 55.00 15.00 120.00 -90.00 31 13 CNA RE 89.15 28.38 3.00 -20.53 66 -235 COLOGNE RE 60.54 22.48 14.55 2.43 2,771 3,199 COPENHAGEN RE 65.67 32.91 6.61 -5.19 187 41 CTR 80.82 26.24 4.31 -11.37 262 9 ERC FRANKONA REINSURANCE 98.83 26.14 21.62 -46.59 510 -2,823 EVEREST RE 82.65 34.87 15.07 -32.59 133 -665 FOLKSAM INTERNATIONAL 51.56 28.06 8.82 11.56 451 1,112 GE FRANKONA REASSURANCE 70.12 36.83 11.93 -18.88 13 -435 GE FRANKONA REINSURANCE 0.00 0.00 0.00 100.00 0 0 GE RE CORP 3 1,050.00 16.67 91.67 -1,058.34 32 -95 GENERALI 77.62 31.14 -39.66 30.90 471 598 GERLING GLOBAL RE 101.82 29.79 9.20 -40.81 167 -1,155 KOREAN RE 86.09 33.87 4.73 -24.69 176 -85 LE MANS RE 48.36 25.29 7.56 18.79 529 976 MUNICH RE 30.02 28.04 5.19 36.75 2,997 11,928 NEW RE 78.48 29.69 5.25 -13.42 94 -90 PARTNER RE 66.46 29.96 9.82 -6.24 66 -73 R&V 58.18 38.35 4.82 -1.35 133 106 ROYAL & SUN ALLIANCE RE 53.43 22.16 -4.96 29.37 1,087 1,845 SIRIUS INTERNATIONAL 132.35 28.97 21.32 -82.64 40 -522 SOREMA 40.79 10.40 6.44 42.37 231 659 ST PAUL FIRE & MARINE 24.31 30.06 13.62 32.01 318 1,124 SUN ALLIANCE LONDON 67.96 18.55 19.74 -6.25 327 -20 SWISS RE 24.92 23.05 8.27 43.76 970 9,268 SYDNEY RE -26.58 25.06 31.44 70.08 118 996 TELA VERSICHERUNG 3 -6.47 17.27 12.95 76.25 10 116 TOA RE 119.36 38.42 5.73 -63.51 372 -4,714 XL RE 35.74 15.05 15.36 33.85 86 302 YASUDA FIRE & MARINE 63.48 29.57 9.19 -2.24 150 102 ZURICH (RE) 38.35 33.35 10.58 17.72 161 657 -------- -------- -------- -------- ---------- ---------- SUBTOTAL 55.75 26.90 9.81 7.54 13,621 24,102 -------- -------- -------- -------- ---------- ---------- REINSURERS TOTAL 57.86 25.73 10.71 5.70 20,377 31,392 -------- -------- -------- -------- ---------- ---------- GRAND TOTAL 63.89 12.06 22.65 1.40 134,717 151,952 ======== ======== ======== ======== ========== ========== 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.