TABLE L2: LIFE INSURANCE: REVENUE ACCOUNTS - EXPENDITURE OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31 DECEMBER 2001 (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 5,082 14,292 13,371 0 456 AXA LIFE S'PORE 1,032 13,928 19,033 289 0 GREAT EASTERN LIFE 61,344 408,156 224,137 20,841 14,041 ICS 14,149 31,472 36,478 0 4,117 JOHN HANCOCK 1,948 5,283 13,522 0 0 KEPPEL 2,024 14,734 13,208 915 926 NTUC INCOME 45,007 101,150 134,588 0 27,239 OAC 6,546 77,178 18,197 0 379 OUB MANULIFE 2,391 1,886 22,125 0 0 PRUDENTIAL 36,914 34,729 141,388 0 242 UOB LIFE 1,067 52,218 3,009 0 3,924 ----------- ----------- ----------- ----------- ----------- SUBTOTAL 175,440 755,026 639,056 22,045 51,324 ----------- ----------- ----------- ----------- ----------- FOREIGN COMPANIES ----------------- AIA 63,229 253,833 229,619 52,489 3,403 CHINA LIFE 0 0 0 0 0 ----------- ----------- ----------- ----------- ----------- SUBTOTAL 63,229 253,833 229,619 52,489 3,403 ----------- ----------- ----------- ----------- ----------- INSURERS TOTAL 238,669 1,008,859 868,675 74,534 54,727 ----------- ----------- ----------- ----------- ----------- REINSURERS ========== FOREIGN COMPANIES ----------------- ALLIANZ AG 0 0 0 0 0 COLOGNE RE 877 0 0 0 0 GE FRANKONA REASSURANCE 787 0 0 0 0 GERLING GLOBAL RE 0 0 0 0 0 LE MANS RE 258 0 0 0 0 MUNICH RE 2,132 0 0 0 0 PARTNER RE 200 0 0 0 0 SCOR 912 0 0 0 0 SWISS RE 7,607 0 0 0 0 ----------- ----------- ----------- ----------- ----------- SUBTOTAL 12,773 0 0 0 0 ----------- ----------- ----------- ----------- ----------- REINSURERS TOTAL 12,773 0 0 0 0 ----------- ----------- ----------- ----------- ----------- GRAND TOTAL 251,442 1,008,859 868,675 74,534 54,727 =========== =========== =========== =========== =========== TABLE L2: LIFE INSURANCE: REVENUE ACCOUNTS - EXPENDITURE OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31 DECEMBER 2001 (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 9,396 12,260 10,829 1,772 0 AXA LIFE S'PORE 1,481 -19,142 29,396 610 480 GREAT EASTERN LIFE 924 130,815 52,222 77,996 6,422 ICS 863 17,722 23,790 1,625 0 JOHN HANCOCK 44 25,094 10,028 1,334 0 KEPPEL 4,599 17,763 8,565 0 0 NTUC INCOME 3,246 99,231 61,257 0 0 OAC 64 25,129 12,607 2,956 0 OUB MANULIFE 133 18,205 9,614 1,025 0 PRUDENTIAL 100 197,278 43,196 50,428 0 UOB LIFE 716 8,292 3,606 0 0 ----------- ----------- ------------ ----------- ----------- SUBTOTAL 18,604 532,647 265,110 137,746 6,902 ----------- ----------- ------------ ----------- ----------- FOREIGN COMPANIES ----------------- AIA 42,255 308,268 94,819 92,730 133,769 CHINA LIFE 0 0 128 0 0 ----------- ----------- ------------ ----------- ----------- SUBTOTAL 42,255 308,268 94,947 92,730 133,769 ----------- ----------- ------------ ----------- ----------- INSURERS TOTAL 60,859 840,915 360,057 230,476 140,671 ----------- ----------- ------------ ----------- ----------- REINSURERS ========== FOREIGN COMPANIES ----------------- ALLIANZ AG 0 0 0 0 0 COLOGNE RE 143 5,291 419 0 0 GE FRANKONA REASSURANCE 0 348 1,145 0 0 GERLING GLOBAL RE 161 5 3 1,500 0 LE MANS RE 0 -9 67 0 0 MUNICH RE 338 1,555 -58 0 0 PARTNER RE 0 2 6 0 0 SCOR 0 -9 92 0 0 SWISS RE 0 8,733 2,287 0 0 ----------- ----------- ------------ ----------- ----------- SUBTOTAL 642 15,916 3,961 1,500 0 ----------- ----------- ------------ ----------- ----------- REINSURERS TOTAL 642 15,916 3,961 1,500 0 ----------- ----------- ------------ ----------- ----------- GRAND TOTAL 61,501 856,831 364,018 231,976 140,671 =========== =========== ============ =========== =========== TABLE L2: LIFE INSURANCE: REVENUE ACCOUNTS - EXPENDITURE OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31 DECEMBER 2001 (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 3,566 -3,659 725,498 792,862 AXA LIFE S'PORE 6,682 369 851,616 900,748 GREAT EASTERN LIFE 7,212 15,659 11,691,289 12,711,059 ICS 12,498 5,407 1,744,293 1,892,413 JOHN HANCOCK -769 3,340 700,503 760,328 KEPPEL -4,583 0 607,031 665,183 NTUC INCOME 45,457 0 8,333,674 8,850,850 OAC 1,256 11,289 1,533,027 1,688,626 OUB MANULIFE -1,940 0 458,579 512,018 PRUDENTIAL 317,148 -9,314 6,512,552 7,324,661 UOB LIFE 20,285 559 830,040 923,715 ------------ ------------ -------------- --------------- SUBTOTAL 406,812 23,650 33,988,102 37,022,463 ------------ ------------ -------------- --------------- FOREIGN COMPANIES ----------------- AIA 30,139 123,680 9,997,370 11,425,602 CHINA LIFE 0 0 436 564 ------------ ------------ -------------- --------------- SUBTOTAL 30,139 123,680 9,997,806 11,426,166 ------------ ------------ -------------- --------------- INSURERS TOTAL 436,951 147,330 43,985,908 48,448,629 ------------ ------------ -------------- --------------- REINSURERS ========== FOREIGN COMPANIES ----------------- ALLIANZ AG 0 0 18 18 COLOGNE RE 16 1,264 19,038 27,048 GE FRANKONA REASSURANCE 467 0 7,940 10,686 GERLING GLOBAL RE 0 0 2,279 3,947 LE MANS RE 0 0 122 438 MUNICH RE 0 0 3,454 7,421 PARTNER RE 0 0 113 321 SCOR 25 30 2,300 3,350 SWISS RE 1,027 0 44,602 64,256 ------------ ------------ -------------- --------------- SUBTOTAL 1,535 1,294 79,866 117,485 ------------ ------------ -------------- --------------- REINSURERS TOTAL 1,535 1,294 79,866 117,485 ------------ ------------ -------------- --------------- GRAND TOTAL 438,486 148,624 44,065,774 48,566,114 ============ ============ ============== ===============