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 31.12.00 CVT 92 4% a(90) 5% 81,157,802 5,711 1,720,774 1,012,763 ASIA LIFE 31.12.00 CVT 92 4% a(90) 5% 5,397,218 2,364 59,657 28,038 AXA LIFE S'PORE 31.12.00 CVT 92 4% - - 4,328,277 0 91,363 64,733 CHINA LIFE 31.12.00 CVT 92 4% - - 20 0 1 0 GREAT EASTERN LIFE 31.12.00 CVT 92 4% a(90) 5% 51,480,245 20,402 1,411,466 922,024 ICS 31.12.00 CVT 92 4% a(90) 5% 22,050,385 5,246 117,521 87,167 JOHN HANCOCK 31.12.00 CVT 92 4% - - 3,074,814 0 73,663 29,121 KEPPEL 31.12.00 CVT 92 4% a(90) 5% 4,623,031 1,219 51,989 19,857 NTUC INCOME 31.12.00 CVT 92 4% a(90) 5% 43,256,351 53,061 609,254 379,406 OAC 31.12.00 CVT 92 4% a(90) 5% 4,482,219 2,221 113,398 68,307 OUB MANULIFE 31.12.00 CVT 92 4% - - 3,271,157 0 63,643 44,046 PRUDENTIAL 31.12.00 CVT 92 4% a(90) 5% 41,430,602 2,064 752,116 294,416 TAI PING LIFE 31.12.00 - - - - 0 0 0 0 UOB LIFE 31.12.00 CVT 92 4% a(90) 5% 1,898,370 11,604 7,024 4,603 REINSURERS ========== ALLIANZ AG 31.12.00 - - - - 0 0 0 0 COLOGNE RE 31.12.00 - - - - 2,417,376 0 4,989 0 GE FRANKONA REASSURANCE 31.12.00 - - - - 1,038,130 0 1,737 0 GERLING GLOBAL RE 31.12.00 - - - - 60,570 0 123 0 LE MANS RE 31.12.00 - - - - 193,600 0 235 0 LINCOLN NATIONAL 1 31.12.00 - - - - 2,740 0 30 27 MUNICH RE 31.12.00 - - - - 1,704,497 0 5,509 0 PARTNER RE 31.12.00 - - - - 105,163 0 167 0 SCOR 31.12.00 - - - - 134,539 0 378 0 SWISS RE 31.12.00 - - - - 5,937,111 0 19,130 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 17,563,999 10,980,985 6,583,014 7,584,425 545,047 1,001,411 ASIA LIFE 661,960 302,049 359,911 439,594 23,446 80,922 AXA LIFE S'PORE 1,229,602 665,610 563,992 574,640 -9,224 12,003 CHINA LIFE 7 1 6 429 -280 423 GREAT EASTERN LIFE 16,286,492 8,278,115 8,008,376 9,050,729 442,675 1,057,821 ICS 1,879,832 643,838 1,235,994 1,288,517 17,872 53,118 JOHN HANCOCK 698,776 381,336 317,440 371,893 26,147 56,114 KEPPEL 605,268 194,859 410,409 431,817 7,801 21,408 NTUC INCOME 10,218,381 4,836,390 5,381,991 5,959,026 312,523 577,035 OAC 1,539,987 740,342 799,645 888,481 50,132 91,108 OUB MANULIFE 648,196 340,686 307,510 323,250 5,442 16,028 PRUDENTIAL 8,580,018 4,014,312 4,565,706 4,917,821 175,732 352,115 TAI PING LIFE 0 0 0 21 44 21 UOB LIFE 417,926 34,663 383,263 394,721 -604 11,458 REINSURERS ========== ALLIANZ AG 0 0 0 10 10 10 COLOGNE RE 2,615 0 2,615 6,160 888 3,545 GE FRANKONA REASSURANCE 1,350 0 1,350 4,648 3,289 3,299 GERLING GLOBAL RE 193 0 193 2,872 4,057 2,678 LE MANS RE 7 0 7 116 109 109 LINCOLN NATIONAL 1 23 0 23 283 36 260 MUNICH RE 2,739 0 2,739 2,832 -847 93 PARTNER RE 16 0 16 19 -1 3 SCOR 215 0 215 1,934 144 1,720 SWISS RE 23,657 0 23,657 41,356 2,145 17,699 Note: 1. On run-off