TABLE G1: GENERAL INSURANCE: REVENUE ACCOUNTS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2001 (PART 1) ($'000) ------------------------------------------------------------------------------------------------------------------------------------ INCOME -------------------------------------------------------------------------------------------------- OTHER INCOME TRANSFERS FROM NET PROFIT/ & ADJUSTMENT BALANCE AT NET RESERVES & (LOSS) ON OF BEGINNING EARNED INVESTMENT SOURCES REALISATION NON-ADMITTED COMPANY OF YEAR PREMIUMS INCOME OUTSIDE OF FUND OF ASSETS ASSETS TOTAL (1) (2) (3) (4) (5) (6) (7) ------------------------------------------------------------------------------------------------------------------------------------ DIRECT INSURERS =============== LOCAL COMPANIES --------------- ACE INSURANCE 19,586 6,008 2,326 0 0 5,328 33,248 ALLIANZ SINGAPORE 28,245 19,718 1,765 0 33 5,384 55,145 ASIA 51,699 52,964 9,011 0 9,906 5,494 129,074 ASIA LTD 0 0 0 0 0 0 0 AXA SINGAPORE 56,682 67,552 4,828 0 2,529 521 132,112 COSMIC 19,490 43,015 2,161 5,300 2,983 -849 72,100 ECICS-COFACE 8,348 -225 212 0 0 -250 8,085 FIRST CAPITAL 14,910 7,543 757 2,000 268 1,717 27,195 GREAT EASTERN LIFE 13,017 26,364 901 2,000 0 -4,261 38,021 ICS 46,291 48,096 4,143 0 4,971 4,652 108,153 INDIA INTERNATIONAL 78,972 42,376 9,900 0 659 -1,033 130,874 KEMPER INTERNATIONAL 4,867 8,643 1,146 13,504 0 -8,643 19,517 KEPPEL 31,865 22,789 2,672 0 -4,664 -3,596 49,066 LIBERTY CITYSTATE 16,668 27,646 1,790 0 5 2,339 48,448 MITSUI SUMITOMO 24,864 24,296 2,414 0 -198 177 51,553 NANYANG 10,893 9,344 876 0 4,258 333 25,704 NTUC INCOME 211,590 196,102 20,689 0 6,969 54,538 489,888 OAC 40,602 15,149 3,463 0 6,522 1,766 67,502 OUI 33,449 15,359 4,538 0 22,743 311 76,400 ROYAL & SUN ALLIANCE 30,271 30,031 4,167 0 90 3,936 68,495 SAGI 1 3,677 -4 88 0 0 0 3,761 SAGI-CAPTIVE 2 7,895 6,636 667 0 -240 0 14,958 SOMPO (ASIA) 29,893 10,516 1,122 0 1 39 41,571 TENET INS CO LTD 31,549 18,242 3,356 0 1,126 -3,381 50,892 TOKIO MARINE & FIRE (S) 17,222 15,121 604 0 0 -1,300 31,647 UOI 31,509 13,144 1,765 0 1,980 19 48,417 WINTERTHUR (FE) 19,375 7,295 1,182 0 0 1,594 29,446 ZURICH 13,696 22,447 1,746 0 254 3,431 41,574 ----------- ----------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 897,125 756,167 88,289 22,804 60,195 68,266 1,892,846 ----------- ----------- ---------- ---------- ---------- ---------- ----------- FOREIGN COMPANIES ----------------- AIA 34,665 53,391 4,814 0 312 -176 93,006 AMERICAN HOME 42,022 90,403 6,159 0 -1,238 1,104 138,450 CGU 32,975 54,373 4,022 0 -447 -985 89,938 CHINA -4,754 34,042 1,218 31,322 -2,071 -1,911 57,846 EULER TRADE 4,887 174 201 1,555 0 -178 6,639 FEDERAL 7,399 16,639 895 0 103 1,275 26,311 FINANCIAL SECURITY ASS. 0 0 0 0 0 0 0 HSBC 8,473 6,513 497 0 -1 1,594 17,076 LONPAC 6,056 3,489 81 0 0 67 9,693 MAYBAN 17,228 13,970 926 0 -1,816 447 30,755 MBIA INSURANCE 0 0 0 0 0 0 0 NIPPONKOA 17,834 10,949 743 0 -4 -63 29,459 QBE 16,231 43,555 2,116 43,547 -2,453 -12,358 90,638 TAI PING 15,614 25,923 1,900 233 -2,045 852 42,477 TT CLUB 1,496 585 98 0 0 552 2,731 WING ON FIRE & MARINE 5,616 5,807 633 2,097 -2,203 1,980 13,930 XL CAPITAL 0 0 0 0 0 0 0 ----------- ----------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 205,742 359,813 24,303 78,754 -11,863 -7,800 648,949 ----------- ----------- ---------- ---------- ---------- ---------- ----------- INSURERS TOTAL 1,102,867 1,115,980 112,592 101,558 48,332 60,466 2,541,795 ----------- ----------- ---------- ---------- ---------- ---------- ----------- PROFESSIONAL REINSURERS ======================= LOCAL COMPANIES --------------- ASEAN RE 3 3,581 150 164 0 0 -120 3,775 AXA CORPORATE SOLUTIONS 5,380 11,907 975 11,500 1,088 -2,548 28,302 EQUATORIAL RE 3 6,470 2 454 0 92 -8 7,010 HAFFINA RE 3 1,012 -19 66 25 23 26 1,133 RELIANCE NATIONAL ASIA RE 3 2,277 -74 118 194 -6 169 2,678 SCOR RE A P 4,981 3,281 322 0 50 443 9,077 SINGAPORE RE 32,374 46,207 4,402 0 1,329 85 84,397 ----------- ----------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 56,075 61,454 6,501 11,719 2,576 -1,953 136,372 ----------- ----------- ---------- ---------- ---------- ---------- ----------- FOREIGN COMPANIES ----------------- ALEA EUROPE 1,661 2,051 127 0 0 53 3,892 ALLIANZ AUSTRALIA 3 6,077 -130 157 0 0 258 6,362 ALLIANZ AG 551 6,197 301 3,011 1 -1,378 8,683 AMERICAN RE 3,304 2,600 198 0 0 -1,240 4,862 CENTRAL RE 1,256 32 35 90 0 18 1,431 COLOGNE RE 23,240 20,010 2,271 0 16 -1,393 44,144 COPENHAGEN RE 1,315 3,002 176 0 0 536 5,029 CTR 2,075 1,653 247 750 0 182 4,907 EVEREST RE 1,080 2,761 135 400 0 -756 3,620 FOLKSAM INTERNATIONAL 9,564 5,479 428 0 0 154 15,625 GE FRANKONA REASSURANCE 1,412 4,345 16 334 0 -407 5,700 GE FRANKONA REINSURANCE 7,256 9,863 590 0 0 177 17,886 GE RE CORP 3 1,635 3 27 0 0 1 1,666 GENERALI 4,326 302 408 0 -47 6,505 11,494 GERLING GLOBAL RE 2,048 4,766 272 0 -2 1,022 8,106 KOREAN RE 1,669 1,204 132 0 0 83 3,088 LE MANS RE 4,257 2,117 518 0 72 28 6,992 MITSUI SUMITOMO RE 0 719 14 2,000 0 -67 2,666 MUNICH RE 31,980 27,721 2,984 0 1,122 -602 63,205 ODYSSEY AMERICA RE 0 2,605 28 1,150 0 -430 3,353 PARTNER RE 1,229 3,484 57 0 0 -217 4,553 R&V 1,344 2,579 138 0 96 200 4,357 ROYAL & SUN ALLIANCE RE 13,568 2,427 1,055 0 211 1,518 18,779 SIRIUS INTERNATIONAL 946 1,248 45 130 0 354 2,723 SOMPO JAPAN INSURANCE INC 2,213 3,110 147 281 0 -238 5,513 SOREMA 3,544 872 236 0 62 -252 4,462 ST PAUL FIRE & MARINE 4,003 2,451 345 0 0 117 6,916 SUN ALLIANCE LONDON 2,193 5,631 317 0 0 2,513 10,654 SWISS RE 11,743 23,135 1,267 38,547 2 -1,501 73,193 TOA RE 2,568 13,046 509 4,700 -3 1 20,821 XL RE 1,538 718 82 0 3 -568 1,773 ZURICH (RE) 3,188 3,548 158 0 15 -553 6,356 ----------- ----------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 152,783 159,549 13,420 51,393 1,548 4,118 382,811 ----------- ----------- ---------- ---------- ---------- ---------- ----------- REINSURERS TOTAL 208,858 221,003 19,921 63,112 4,124 2,165 519,183 ----------- ----------- ---------- ---------- ---------- ---------- ----------- GRAND TOTAL 1,311,725 1,336,983 132,513 164,670 52,456 62,631 3,060,978 =========== =========== ========== ========== ========== ========== =========== TABLE G1: GENERAL INSURANCE: REVENUE ACCOUNTS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2001 (PART 2) ($'000) ------------------------------------------------------------------------------------------------------------------------------------ EXPENDITURE ------------------------------------------------------------------------------------------------------ TRANSFERS TO NET RESERVES & OTHER PROVISION CLAIMS NET MANAGEMENT TRANSFERS OUT OTHER FOR BALANCE AT COMPANY INCURRED COMMISSIONS EXPENSES OF FUND EXPENSES TAXATION END OF YEAR (8) (9) (10) (11) (12) (13) (14) ------------------------------------------------------------------------------------------------------------------------------------ DIRECT INSURERS =============== LOCAL COMPANIES --------------- ACE INSURANCE 3,111 -3,727 8,096 6,434 267 850 18,217 ALLIANZ SINGAPORE 11,062 849 5,704 10,000 3,095 0 24,435 ASIA 43,886 5,717 8,566 12,000 795 3,340 54,770 ASIA LTD 0 0 0 0 0 0 0 AXA SINGAPORE 29,422 11,567 24,532 0 3,614 541 62,436 COSMIC 38,987 7,386 7,448 0 5,878 0 12,401 ECICS-COFACE 51 -499 447 141 5 0 7,940 FIRST CAPITAL 5,549 1,163 2,476 7,694 366 52 9,895 GREAT EASTERN LIFE 19,187 3,809 4,925 882 -57 28 9,247 ICS 35,019 -1,014 19,074 19,545 3,004 871 31,654 INDIA INTERNATIONAL 31,854 4,739 4,457 0 3,840 1,200 84,784 KEMPER INTERNATIONAL 11,805 1,558 2,243 0 871 0 3,040 KEPPEL 12,833 2,074 5,855 0 994 0 27,310 LIBERTY CITYSTATE 14,134 6,471 6,023 0 803 -82 21,099 MITSUI SUMITOMO 17,339 -2,581 9,098 0 1,171 124 26,402 NANYANG 6,509 1,247 3,276 0 808 606 13,258 NTUC INCOME 157,535 19,361 25,468 4,400 1,945 0 281,179 OAC 9,438 -1,885 8,372 5,000 966 3,225 42,386 OUI -17 -569 5,756 4,903 598 8,979 56,750 ROYAL & SUN ALLIANCE 15,047 4,045 11,890 0 1,068 1,202 35,243 SAGI 1 4 -45 188 0 53 41 3,520 SAGI-CAPTIVE 2 5,856 -1,514 336 3,000 -6 592 6,694 SOMPO (ASIA) 5,685 -264 4,775 0 319 978 30,078 TENET INS CO LTD 12,928 3,108 5,386 0 1,343 0 28,127 TOKIO MARINE & FIRE (S) 7,622 -1,356 5,371 9,200 409 856 9,545 UOI 5,291 -1,296 3,951 4,000 2,547 2,001 31,923 WINTERTHUR (FE) 2,465 925 3,647 0 -1 165 22,245 ZURICH 11,853 2,300 7,592 0 1,911 525 17,393 ----------- ---------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 514,455 61,569 194,952 87,199 36,606 26,094 971,971 ----------- ---------- ---------- ---------- ---------- ---------- ----------- FOREIGN COMPANIES ----------------- AIA 9,474 21,638 8,830 7,866 142 4,099 40,957 AMERICAN HOME 47,164 15,959 15,276 3,164 1,489 3,450 51,948 CGU 29,322 8,129 16,521 1,000 2,424 515 32,027 CHINA 32,986 1,026 8,611 0 -407 0 15,630 EULER TRADE 108 -42 1,109 47 0 0 5,417 FEDERAL 6,136 2,309 4,615 0 215 0 13,036 FINANCIAL SECURITY ASS. 0 0 0 0 0 0 0 HSBC 1,637 576 2,925 3,170 178 378 8,212 LONPAC 2,466 384 1,691 0 -147 8 5,291 MAYBAN 9,257 2,314 3,407 0 -1,608 -9 17,394 MBIA INSURANCE 0 0 0 0 0 0 0 NIPPONKOA 4,451 991 2,515 0 21 920 20,561 QBE 33,933 10,163 8,597 405 20 72 37,448 TAI PING 20,068 2,892 4,496 0 146 548 14,327 TT CLUB 454 -518 606 480 0 37 1,672 WING ON FIRE & MARINE 6,459 331 2,559 0 -1,737 6 6,312 XL CAPITAL 0 0 0 0 0 0 0 ----------- ---------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 203,915 66,152 81,758 16,132 736 10,024 270,232 ----------- ---------- ---------- ---------- ---------- ---------- ----------- INSURERS TOTAL 718,370 127,721 276,710 103,331 37,342 36,118 1,242,203 ----------- ---------- ---------- ---------- ---------- ---------- ----------- PROFESSIONAL REINSURERS ======================= LOCAL COMPANIES --------------- ASEAN RE 3 16 21 96 0 -109 46 3,705 AXA CORPORATE SOLUTIONS 15,821 4,037 1,245 0 1,217 0 5,982 EQUATORIAL RE 3 -404 39 287 0 -89 0 7,177 HAFFINA RE 3 -19 0 103 0 125 0 924 RELIANCE NATIONAL ASIA RE 3 698 -5 147 0 60 0 1,778 SCOR RE A P -394 1,277 246 4,981 20 0 2,947 SINGAPORE RE 27,952 9,750 5,203 5,905 1,361 784 33,442 ----------- ---------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 43,670 15,119 7,327 10,886 2,585 830 55,955 ----------- ---------- ---------- ---------- ---------- ---------- ----------- FOREIGN COMPANIES ----------------- ALEA EUROPE 949 676 177 0 5 0 2,085 ALLIANZ AUSTRALIA 3 169 9 106 100 0 0 5,978 ALLIANZ AG 371 1,686 508 0 3 0 6,115 AMERICAN RE 2,263 201 832 0 3 -5 1,568 CENTRAL RE 96 12 98 0 1 0 1,224 COLOGNE RE 1,523 5,828 3,176 6,311 -164 2,756 24,714 COPENHAGEN RE 1,140 915 147 0 9 0 2,818 CTR 2,351 574 64 0 8 0 1,910 EVEREST RE 1,861 972 294 0 8 0 485 FOLKSAM INTERNATIONAL 3,316 1,549 404 0 74 0 10,282 GE FRANKONA REASSURANCE 2,781 1,025 233 0 0 0 1,661 GE FRANKONA REINSURANCE 5,029 2,163 274 0 -161 102 10,479 GE RE CORP 3 -2 0 4 0 2 0 1,662 GENERALI 74 83 400 8,373 54 0 2,510 GERLING GLOBAL RE 2,580 1,435 353 0 18 0 3,720 KOREAN RE 970 400 6 0 29 0 1,683 LE MANS RE 1,555 438 218 0 62 0 4,719 MITSUI SUMITOMO RE 482 385 50 0 1 0 1,748 MUNICH RE 19,972 8,603 1,033 0 3,466 0 30,131 ODYSSEY AMERICA RE 1,639 762 111 0 0 0 841 PARTNER RE 2,792 855 192 0 7 0 707 R&V 1,359 1,113 100 0 11 0 1,774 ROYAL & SUN ALLIANCE RE 1,470 626 -279 6,213 101 -18 10,666 SIRIUS INTERNATIONAL 1,091 341 97 0 12 0 1,182 SOMPO JAPAN INSURANCE INC 2,122 960 364 0 1 0 2,066 SOREMA 767 192 59 0 4 19 3,421 ST PAUL FIRE & MARINE 3,650 800 732 0 0 0 1,734 SUN ALLIANCE LONDON 3,718 947 731 0 0 0 5,258 SWISS RE 75,356 5,827 2,600 0 652 0 -11,242 TOA RE 11,848 4,258 681 0 31 0 4,003 XL RE 160 85 66 0 5 0 1,457 ZURICH (RE) 1,923 801 327 0 53 0 3,252 ----------- ---------- ---------- ---------- ---------- ---------- ----------- SUBTOTAL 155,375 44,521 14,158 20,997 4,295 2,854 140,611 ----------- ---------- ---------- ---------- ---------- ---------- ----------- REINSURERS TOTAL 199,045 59,640 21,485 31,883 6,880 3,684 196,566 ----------- ---------- ---------- ---------- ---------- ---------- ----------- GRAND TOTAL 917,415 187,361 298,195 135,214 44,222 39,802 1,438,769 =========== ========== ========== ========== ========== ========== =========== 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.