TABLE L2: LIFE INSURANCE: REVENUE ACCOUNTS - EXPENDITURE OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31 DECEMBER 2000 (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 3,050 16,458 4,850 0 208 AXA LIFE S'PORE 2,695 9,564 13,096 380 0 GREAT EASTERN LIFE 59,600 298,886 215,694 18,896 11,396 ICS 15,864 12,077 24,375 0 3,830 JOHN HANCOCK 3,384 3,318 12,281 0 0 KEPPEL 2,228 3,851 69,154 1,180 727 NTUC INCOME 36,505 59,699 119,937 9,803 20,229 OAC 7,216 52,177 13,952 0 197 OUB MANULIFE 1,802 486 17,405 0 0 PRUDENTIAL 29,867 29,743 174,917 0 95 UOB LIFE 1,033 48,238 4,249 0 1,978 ----------- ----------- ----------- ----------- ----------- SUBTOTAL 163,244 534,497 669,910 30,259 38,660 ----------- ----------- ----------- ----------- ----------- FOREIGN COMPANIES ----------------- AIA 49,382 224,944 194,454 50,909 2,545 AXA LIFE 0 0 0 0 0 CHINA LIFE 0 24 0 1 0 TAI PING LIFE 0 0 0 0 0 ----------- ----------- ----------- ----------- ----------- SUBTOTAL 49,382 224,968 194,454 50,910 2,545 ----------- ----------- ----------- ----------- ----------- INSURERS TOTAL 212,626 759,465 864,364 81,169 41,205 ----------- ----------- ----------- ----------- ----------- REINSURERS ========== FOREIGN COMPANIES ----------------- ALLIANZ AG 0 0 0 0 0 COLOGNE RE 1,836 0 0 0 0 GE FRANKONA REASSURANCE 951 0 0 0 0 GERLING GLOBAL RE 0 0 0 0 0 LE MANS RE 0 0 0 0 0 LINCOLN NATIONAL 1 9 0 0 0 0 MUNICH RE 613 0 0 0 0 PARTNER RE 0 0 0 0 0 SCOR 1,066 0 0 0 0 SWISS RE 6,782 0 0 0 0 ----------- ----------- ----------- ----------- ----------- SUBTOTAL 11,257 0 0 0 0 ----------- ----------- ----------- ----------- ----------- REINSURERS TOTAL 11,257 0 0 0 0 ----------- ----------- ----------- ----------- ----------- GRAND TOTAL 223,883 759,465 864,364 81,169 41,205 =========== =========== =========== =========== =========== TABLE L2: LIFE INSURANCE: REVENUE ACCOUNTS - EXPENDITURE OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31 DECEMBER 2000 (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 7,523 7,411 9,103 1,393 0 AXA LIFE S'PORE 1,182 23,482 20,418 1,441 1,400 GREAT EASTERN LIFE 1,157 108,344 42,644 36,736 10,532 ICS 671 15,993 11,165 1,400 0 JOHN HANCOCK 46 18,039 8,857 3,385 0 KEPPEL 3,567 15,458 7,226 0 0 NTUC INCOME 3,207 71,945 47,290 0 0 OAC 29 17,741 12,556 3,580 0 OUB MANULIFE 107 13,963 8,396 892 0 PRUDENTIAL 0 162,351 39,591 35,676 0 UOB LIFE 822 3,313 2,750 0 0 ----------- ----------- ------------ ----------- ----------- SUBTOTAL 18,311 458,040 209,996 84,503 11,932 ----------- ----------- ------------ ----------- ----------- FOREIGN COMPANIES ----------------- AIA 31,895 292,545 90,641 169,363 45,756 AXA LIFE 0 0 0 0 0 CHINA LIFE 0 0 121 0 0 TAI PING LIFE 0 0 82 0 0 ----------- ----------- ------------ ----------- ----------- SUBTOTAL 31,895 292,545 90,844 169,363 45,756 ----------- ----------- ------------ ----------- ----------- INSURERS TOTAL 50,206 750,585 300,840 253,866 57,688 ----------- ----------- ------------ ----------- ----------- REINSURERS ========== FOREIGN COMPANIES ----------------- ALLIANZ AG 0 0 0 0 0 COLOGNE RE 21 1,626 186 0 0 GE FRANKONA REASSURANCE 0 495 332 0 0 GERLING GLOBAL RE 45 10 137 0 0 LE MANS RE 0 0 119 0 0 LINCOLN NATIONAL 1 0 0 7 0 0 MUNICH RE 1,789 2,858 7 0 0 PARTNER RE 0 40 138 0 0 SCOR 0 -8 97 0 0 SWISS RE 0 7,176 3,231 0 0 ----------- ----------- ------------ ----------- ----------- SUBTOTAL 1,855 12,197 4,254 0 0 ----------- ----------- ------------ ----------- ----------- REINSURERS TOTAL 1,855 12,197 4,254 0 0 ----------- ----------- ------------ ----------- ----------- GRAND TOTAL 52,061 762,782 305,094 253,866 57,688 =========== =========== ============ =========== =========== TABLE L2: LIFE INSURANCE: REVENUE ACCOUNTS - EXPENDITURE OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31 DECEMBER 2000 (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 -764 2,772 439,594 491,599 AXA LIFE S'PORE 15,956 360 574,640 664,614 GREAT EASTERN LIFE 4,851 33,068 9,050,729 9,892,533 ICS 11,541 3,716 1,288,517 1,389,147 JOHN HANCOCK 12,664 3,325 371,893 437,192 KEPPEL 7,677 1,970 431,817 544,854 NTUC INCOME 86,951 0 5,959,026 6,414,593 OAC 843 7,330 888,481 1,004,103 OUB MANULIFE 23,332 0 323,250 389,633 PRUDENTIAL 360,513 10,437 4,917,821 5,761,010 UOB LIFE 8,587 122 394,721 465,813 ------------ ------------ -------------- --------------- SUBTOTAL 532,151 63,100 24,640,489 27,455,091 ------------ ------------ -------------- --------------- FOREIGN COMPANIES ----------------- AIA 217,405 91,084 7,584,425 9,045,347 AXA LIFE 0 0 0 0 CHINA LIFE 0 0 429 574 TAI PING LIFE 0 0 21 104 ------------ ------------ -------------- --------------- SUBTOTAL 217,405 91,084 7,584,875 9,046,025 ------------ ------------ -------------- --------------- INSURERS TOTAL 749,556 154,184 32,225,364 36,501,116 ------------ ------------ -------------- --------------- REINSURERS ========== FOREIGN COMPANIES ----------------- ALLIANZ AG 0 0 10 10 COLOGNE RE 9 667 6,160 10,504 GE FRANKONA REASSURANCE 76 0 4,648 6,502 GERLING GLOBAL RE 3 0 2,872 3,066 LE MANS RE 0 0 116 235 LINCOLN NATIONAL 1 0 0 283 299 MUNICH RE 0 147 2,832 8,247 PARTNER RE 1 0 19 198 SCOR 25 14 1,934 3,129 SWISS RE 1,213 0 41,356 59,758 ------------ ------------ -------------- --------------- SUBTOTAL 1,327 828 60,230 91,948 ------------ ------------ -------------- --------------- REINSURERS TOTAL 1,327 828 60,230 91,948 ------------ ------------ -------------- --------------- GRAND TOTAL 750,883 155,012 32,285,594 36,593,064 ============ ============ ============== =============== Note: 1. On run-off