ANNUAL RETURN: FORM - FUND BALANCE SHEET 6 Life: SIF - Non-Participating Annex Row No. ASSETS Equity securities A Debt securities B Land and buildings C Loans D Cash and deposits 5 976,9 Other invested assets E 6 Investment income due or accrued 7 Outstanding premiums and agents' balances F 8 Deposits withheld by cedants 9 Reinsurance recoverables (on paid claims) G Income tax recoverables Fixed assets H Inter-fund balances and intra group balances (due from) I Other assets Total Assets ( to ) J 5 9,786,6,5 LIABILITIES Policy liabilities K 6 7, Other liabilities: Outstanding claims 7 Annuities due and unpaid 8 Reinsurance deposits 9 s owing to insurers,99 Bank loans and overdrafts Inter-fund balances and intra-group balances (due to) L 8,6 Others Total Liabilities (6 to ) M 586,65 SURPLUS (5 - ) N 5 9,87 /6/ 5:9 PM
ANNUAL RETURN: FORM - FUND BALANCE SHEET 6 Life: OIF - Non-Participating Annex Row No. ASSETS Equity securities A Debt securities B Land and buildings C Loans D Cash and deposits 5,, Other invested assets E 6 Investment income due or accrued 7 8,77 Outstanding premiums and agents' balances F 8 59,5 Deposits withheld by cedants 9 Reinsurance recoverables (on paid claims) G Income tax recoverables Fixed assets H 6,75 Inter-fund balances and intra group balances (due from) I 55,589 Other assets Total Assets ( to ) J 5 99,5,99, LIABILITIES Policy liabilities K 6,9 Other liabilities: Outstanding claims 7 Annuities due and unpaid 8 Reinsurance deposits 9 s owing to insurers 65, Bank loans and overdrafts Inter-fund balances and intra-group balances (due to) L,88,866 Others Total Liabilities (6 to ) M 8,58,,875 SURPLUS (5 - ) N 5 9,65,55 /6/ 5:9 PM
ANNUAL RETURN: ANNEX A - INVESTMENT IN EQUITY SECURITIES 6 Life: SIF - Non-Participating Listed Unlisted Equity securities other than collective investment schemes Collective investment schemes Total ( to ) = Row of Form /6/ 5:9:6 PM
ANNUAL RETURN: ANNEX A - INVESTMENT IN EQUITY SECURITIES 6 Life: OIF - Non-Participating Listed Unlisted Equity securities other than collective investment schemes Collective investment schemes Total ( to ) = Row of Form /6/ 5:9:6 PM
ANNUAL RETURN: ANNEX B - INVESTMENT IN DEBT SECURITIES 6 Life: SIF - Non-Participating Government debt securities Qualifying debt securities Other debt securities Total ( to ) = Row of Form /6/ 5:9:6 PM
ANNUAL RETURN: ANNEX B - INVESTMENT IN DEBT SECURITIES 6 Life: OIF - Non-Participating Government debt securities Qualifying debt securities Other debt securities Total ( to ) = Row of Form /6/ 5:9:6 PM
ANNUAL RETURN: ANNEX C - INVESTMENT IN LAND AND BUILDINGS 6 Life: SIF - Non-Participating Location and of Land and Buildings Cost Last Revaluation Date Last Reported Changes from Last Reported Total = Row of Form /6/ 5:9:5 PM
ANNUAL RETURN: ANNEX C - INVESTMENT IN LAND AND BUILDINGS 6 Life: OIF - Non-Participating Location and of Land and Buildings Cost Last Revaluation Date Last Reported Changes from Last Reported Total = Row of Form /6/ 5:9:5 PM
ANNUAL RETURN: ANNEX D - INVESTMENT IN LOANS 6 Life: SIF - Non-Participating Outstanding Provision for Doubtful Loans Policy loans Mortgage loans Other secured loans Unsecured loans Total ( to ) = Row of Form 5 /6/ 5:9:6 PM
ANNUAL RETURN: ANNEX D - INVESTMENT IN LOANS 6 Life: OIF - Non-Participating Outstanding Provision for Doubtful Loans Policy loans Mortgage loans Other secured loans Unsecured loans Total ( to ) = Row of Form 5 /6/ 5:9:6 PM
ANNUAL RETURN: ANNEX E - BREAKDOWN OF OTHER INVESTED ASSETS Life: SIF - Non-Participating 6 Row No. Notional Principal Derivatives Options: (a) Call options (b) Put options (c) Swaptions (d) Other options Total investments in options ( to ) 5 Futures contracts: (a) Currency futures contracts 6 (b) Interest rate futures contracts 7 (c) Other futures contracts 8 Total investments in futures contracts (6 to 8) 9 Forward contracts: (a) Currency forward contracts (b) Interest rate forward contracts (c) Other forward contracts Total investments in forward contracts ( to ) Swaps: (a) Interest rate swaps (b) Currency swaps 5 (c) Other swaps 6 Total investments in swaps ( to 6) 7 Other derivatives 8 Total investments in derivatives (5 + 9 + + 7 + 8) 9 Other invested assets excluding derivatives /6/ 5:9 PM
Total investments in other invested assets excluding derivatives Total = Row 6 of Form /6/ 5:9 PM
ANNUAL RETURN: ANNEX E - BREAKDOWN OF OTHER INVESTED ASSETS Life: OIF - Non-Participating 6 Row No. Notional Principal Derivatives Options: (a) Call options (b) Put options (c) Swaptions (d) Other options Total investments in options ( to ) 5 Futures contracts: (a) Currency futures contracts 6 (b) Interest rate futures contracts 7 (c) Other futures contracts 8 Total investments in futures contracts (6 to 8) 9 Forward contracts: (a) Currency forward contracts (b) Interest rate forward contracts (c) Other forward contracts Total investments in forward contracts ( to ) Swaps: (a) Interest rate swaps (b) Currency swaps 5 (c) Other swaps 6 Total investments in swaps ( to 6) 7 Other derivatives 8 Total investments in derivatives (5 + 9 + + 7 + 8) 9 Other invested assets excluding derivatives /6/ 5:9 PM
Total investments in other invested assets excluding derivatives Total = Row 6 of Form /6/ 5:9 PM
ANNUAL RETURN: ANNEX F(c) - AGEING OF OUTSTANDING PREMIUMS AND AGENTS BALANCES OF REINSURER Life: SIF - Non-Participating 6 Row No. Bad debts written off during the year Ageing of outstanding premiums and agents' balances: Outstanding period Up to 6 months Above 6 months but not exceeding months Above months but not exceeding months Above months Gross total ( to 5) Provision for doubtful debts Total (6-7) = Row 8 of Form 5 6 7 8 Note: Outstanding period commences from the date premiums are accrued in the books of the reinsurer. /6/ 5:9 PM
ANNUAL RETURN: ANNEX F(c) - AGEING OF OUTSTANDING PREMIUMS AND AGENTS BALANCES OF REINSURER Life: OIF - Non-Participating 6 Bad debts written off during the year Ageing of outstanding premiums and agents' balances: Outstanding period Up to 6 months Above 6 months but not exceeding months Above months but not exceeding months Above months Gross total ( to 5) Provision for doubtful debts Total (6-7) = Row 8 of Form Row No. 5 6 7 8 59,5 59,5 59,5 Note: Outstanding period commences from the date premiums are accrued in the books of the reinsurer. /6/ 5:9 PM
ANNUAL RETURN: ANNEX G - STATEMENT OF REINSURANCE RECOVERABLES 6 Life: SIF - Non-Participating Reinsurance recoveries on unpaid claims Reinsurance recoverables written off during the year Ageing of reinsurance recoverables (on paid claims): Outstanding period Up to year Above year but not exceeding years Above years Total ( to 5) Provision for doubtful reinsurance recoverables Total (6-7) = Row of Form 5 6 7 8 /6/ 5:9 PM
ANNUAL RETURN: ANNEX G - STATEMENT OF REINSURANCE RECOVERABLES 6 Life: OIF - Non-Participating Reinsurance recoveries on unpaid claims Reinsurance recoverables written off during the year Ageing of reinsurance recoverables (on paid claims): Outstanding period Up to year Above year but not exceeding years Above years Total ( to 5) Provision for doubtful reinsurance recoverables Total (6-7) = Row of Form 5 6 7 8 /6/ 5:9 PM
ANNUAL RETURN: ANNEX H - FIXED ASSETS 6 Life: SIF - Non-Participating Motor vehicles Computer equipment Other fixed assets Total ( to ) = Row of Form /6/ 5:9 PM
ANNUAL RETURN: ANNEX H - FIXED ASSETS 6 Life: OIF - Non-Participating Motor vehicles Computer equipment Other fixed assets Total ( to ) = Row of Form,65 589,9 6,75 /6/ 5:9 PM
ANNUAL RETURN: ANNEX I - INTER-FUND BALANCES AND INTRA-GROUP BALANCES (DUE FROM) 6 Life: SIF - Non-Participating Balances due from head office / shareholders fund Balances due from overseas branches / related corporations Balances due from other insurance funds established and maintained under the Act Total ( to ) = Row of Form /6/ 5:9 PM
ANNUAL RETURN: ANNEX I - INTER-FUND BALANCES AND INTRA-GROUP BALANCES (DUE FROM) 6 Life: OIF - Non-Participating Balances due from head office / shareholders fund Balances due from overseas branches / related corporations Balances due from other insurance funds established and maintained under the Act Total ( to ) = Row of Form 6,966 8,6 55,589 /6/ 5:9 PM
ANNUAL RETURN: ANNEX J - BREAKDOWN OF OTHER ASSETS 6 Life: SIF - Non-Participating Deferred Acquisition Cost 9, Translation Loss,5 Total = Row of Form 6 9,786 /6/ 5:9 PM
ANNUAL RETURN: ANNEX J - BREAKDOWN OF OTHER ASSETS 6 Life: OIF - Non-Participating Deferred Acquisition Cost 9,7 Prepayments and Deposits, GST Recoverable 8, Translation Loss 7,8 Total = Row of Form 6 99,5 /6/ 5:9 PM
ANNUAL RETURN: ANNEX L - INTER-FUND BALANCES AND INTRA-GROUP BALANCES (DUE TO) 6 Life: SIF - Non-Participating Balances due to head office / shareholders fund Balances due to overseas branches / related corporations Balances due to other insurance funds established and maintained under the Act Total ( to ) = Row of Form 8,6 8,6 /6/ 5:9 PM
ANNUAL RETURN: ANNEX L - INTER-FUND BALANCES AND INTRA-GROUP BALANCES (DUE TO) 6 Life: OIF - Non-Participating Balances due to head office / shareholders fund Balances due to overseas branches / related corporations Balances due to other insurance funds established and maintained under the Act Total ( to ) = Row of Form,655,8,7,5,88,866 /6/ 5:9 PM
ANNUAL RETURN: ANNEX M - BREAKDOWN OF OTHERS 6 Life: SIF - Non-Participating Total = Row of Form 6 /6/ 5:9 PM
ANNUAL RETURN: ANNEX M - BREAKDOWN OF OTHERS 6 Life: OIF - Non-Participating Provision for Audit Fees 5, Provision for Tax Agent Fees, Provision for Actuary Fees 5, Provision for Bonus 65,77 Other Accruals 5 6,86 Total = Row of Form 6 8,58 /6/ 5:9 PM
ANNUAL RETURN: ANNEX N - SURPLUS 6 Life: SIF - Non-Participating Surplus at beginning of period Net income Transfer (to) from head office / shareholders fund Surplus at End of Period ( to ) = Row 5 of Form -,6 6, 9,87 /6/ 5:9 PM
ANNUAL RETURN: ANNEX N - SURPLUS 6 Life: OIF - Non-Participating Surplus at beginning of period Net income Transfer (to) from head office / shareholders fund Surplus at End of Period ( to ) = Row 5 of Form -5,7,5,868,97 9,65,55 /6/ 5:9 PM
ANNUAL RETURN: ANNEX (i) - INFORMATION IN RESPECT OF REDUCTION IN VALUE OF LIABILITIES DUE TO REINSURANCE CEDED TO REINSURERS IN RESPECT OF LIFE BUSINESS 6 Life: SIF - Non-Participating Participating policies Non-participating policies Investment-linked policies Registered insurer Authorised reinsurer / related corporation / head office / branch of head office of the registered insurer Unregistered reinsurer,996,996 Total ( to ),996,996 /6/ 5:9:6 PM
ANNUAL RETURN: ANNEX (i) - INFORMATION IN RESPECT OF REDUCTION IN VALUE OF LIABILITIES DUE TO REINSURANCE CEDED TO REINSURERS IN RESPECT OF LIFE BUSINESS 6 Life: OIF - Non-Participating Participating policies Non-participating policies Investment-linked policies Registered insurer Authorised reinsurer / related corporation / head office / branch of head office of the registered insurer Unregistered reinsurer 58,5 58,5 Total ( to ) 58,5 58,5 /6/ 5:9:6 PM
ANNUAL RETURN: ANNEX (iii) - INFORMATION IN RESPECT OF INVESTMENTS IN A RELATED CORPORATION OF REGISTERED INSURER 6 Life: SIF - Non-Participating of Assets and Name of Investee Company No. of Units Cost Name of company: NIL Equity securities Debt securities Secured loans Unsecured loans Other invested assets 5 /6/ 5:9:5 PM
ANNUAL RETURN: ANNEX (iii) - INFORMATION IN RESPECT OF INVESTMENTS IN A RELATED CORPORATION OF REGISTERED INSURER 6 Life: OIF - Non-Participating of Assets and Name of Investee Company No. of Units Cost Name of company: NIL Equity securities Debt securities Secured loans Unsecured loans Other invested assets 5 /6/ 5:9:5 PM
ANNUAL RETURN: NOTES TO FORM 6 Life: SIF - Non-Participating Note The aggregate amounts of loans to and amounts due from - (a) Directors (b) Employees of the registered insurer Note - of any change in accounting policies and methodologies in the valuation of assets and liabilities and the quantification of their effects. NIL Note - of any prior adjustment and correction for errors and reasons for the adjustments and corrections. NIL Note 5 In respect of financial guarantee business - (a) where premiums are payable in instalments, the present value of future instalment premiums payable by the insured in a future accounting period and discount rate used (b) where the premiums are payable in full at the commencement of the policy of insurance, the full amount of the premiums payable by the insured in the accounting period in which the policy commences. /6/ 5: PM
ANNUAL RETURN: NOTES TO FORM 6 Life: OIF - Non-Participating Note The aggregate amounts of loans to and amounts due from - (a) Directors (b) Employees of the registered insurer Note - of any change in accounting policies and methodologies in the valuation of assets and liabilities and the quantification of their effects. NIL Note - of any prior adjustment and correction for errors and reasons for the adjustments and corrections. NIL Note 5 In respect of financial guarantee business - (a) where premiums are payable in instalments, the present value of future instalment premiums payable by the insured in a future accounting period and discount rate used (b) where the premiums are payable in full at the commencement of the policy of insurance, the full amount of the premiums payable by the insured in the accounting period in which the policy commences. /6/ 5: PM
ANNUAL RETURN: FORM - ADDITIONAL INFORMATION 6 NIL /6/ 5:9 PM
ANNUAL RETURN: FORM - FUND PROFIT AND LOSS ACCOUNT 6 Life: SIF - Non-Participating Annex Row No. Gross premiums A 59,8 Less: Outward reinsurance premiums B,599 Investment revenue C,6 Less: Investment expenses Other income D 5,87 Total Income ( to 5) 6 5, Gross claims settled E 7 Less: Reinsurance recoveries 8 Management expenses F 9 6,59 Distribution expenses G 9,869 Increase (decrease) in net policy liabilities H 7, Provision for doubtful debts/ bad debts written off on receivables Taxation expenses,6 Other expenses I,55 Total Outgo (7 to ) 5 7,7 Net Income (6-5) J 6 (,6) /6/ 5:9 PM
ANNUAL RETURN: FORM - FUND PROFIT AND LOSS ACCOUNT 6 Life: OIF - Non-Participating Annex Row No. Gross premiums A,58,7 Less: Outward reinsurance premiums B,89,6 Investment revenue C 76,8 Less: Investment expenses Other income D 5 Total Income ( to 5) 6,89 Gross claims settled E 7 78,79 Less: Reinsurance recoveries 8 78,79 Management expenses F 9 5,9,6 Distribution expenses G (8,55) Increase (decrease) in net policy liabilities H,9 Provision for doubtful debts/ bad debts written off on receivables Taxation expenses 7,5 Other expenses I 9,58 Total Outgo (7 to ) 5 6,8,5 Net Income (6-5) J 6 (5,7,5) /6/ 5:9 PM
ANNUAL RETURN: ANNEX A - PREMIUM REVENUE IN RESPECT OF LIFE BUSINESS 6 Life: SIF - Non-Participating Individual business: Single premiums Regular premiums - new business Regular premiums - renewal business Group business: Premiums Direct insurance premiums ( to ) Inward reinsurance premiums Total (5 to 6) = Row of Form 5 6 7 59,8 59,8 /6/ 5:9:56 PM
ANNUAL RETURN: ANNEX A - PREMIUM REVENUE IN RESPECT OF LIFE BUSINESS 6 Life: OIF - Non-Participating Individual business: Single premiums Regular premiums - new business Regular premiums - renewal business Group business: Premiums Direct insurance premiums ( to ) Inward reinsurance premiums Total (5 to 6) = Row of Form 5 6 7,58,7,58,7 /6/ 5:9:56 PM
ANNUAL RETURN: ANNEX B - OUTWARD REINSURANCE PREMIUMS 6 Life: SIF - Non-Participating Registered insurer / foreign insurer under the foreign insurer scheme Authorised reinsurer / related corporation / head office / branch of head office of the registered insurer Unregistered reinsurer Total ( to ) = Row of Form,599,599 /6/ 5:9:56 PM
ANNUAL RETURN: ANNEX B - OUTWARD REINSURANCE PREMIUMS 6 Life: OIF - Non-Participating Registered insurer / foreign insurer under the foreign insurer scheme Authorised reinsurer / related corporation / head office / branch of head office of the registered insurer Unregistered reinsurer Total ( to ) = Row of Form,89,6,89,6 /6/ 5:9:56 PM
ANNUAL RETURN: Annex C - Investment Revenue 6 Life: SIF - Non-Participating Interest / Dividend / Rental Income Realised Gains (Losses) From Last Reported Value / Write-backs (Write-offs) Unrealised Changes From Last Reported Value Equity securities Debt securities Land and Buildings Loans Cash and deposits 5,6,6 Other invested assets 6 Total ( to 6) = Row of Form 7,6 /6/ 5:9: PM
ANNUAL RETURN: Annex C - Investment Revenue 6 Life: OIF - Non-Participating Interest / Dividend / Rental Income Realised Gains (Losses) From Last Reported Value / Write-backs (Write-offs) Unrealised Changes From Last Reported Value Equity securities Debt securities Land and Buildings Loans Cash and deposits 5 76,8 76,8 Other invested assets 6 Total ( to 6) = Row of Form 7 76,8 /6/ 5:9: PM
ANNUAL RETURN: ANNEX D - BREAKDOWN OF OTHER INCOME 6 Life: SIF - Non-Participating Foreign Exchange Gain,87 Total = Row 5 of Form 6,87 /6/ 5:: PM
ANNUAL RETURN: ANNEX D - BREAKDOWN OF OTHER INCOME 6 Life: OIF - Non-Participating Total = Row 5 of Form 6 /6/ 5:: PM
ANNUAL RETURN: ANNEX F - MANAGEMENT EXPENSES 6 Life: SIF - Non-Participating Staff salaries & expenses Office rent Head office / parent company expenses Directors' fees Audit fees Managing agent's fees Repairs and maintenance Public utilities Printing, stationery and periodicals Postage, telephone and telex charges Computer charges Hire of office equipment Licence and association fees Advertising and subscriptions Entertainment Travelling expenses 5 6 7 8 9 5 6 6, 9,,8 559 7 56,69 7,, 79 General office expenses 76 Fixed assets expensed off 695 Bank charges 6 Tax, legal, consulting, actuarial and corporate secretarial fees,8 Non-recoverable GST 5 585 Management fee charged by Head office / related company 6 6,76 Miscellaneous 7 7 Total = Row 9 of Form 7 6,59 /6/ 5:: PM
ANNUAL RETURN: ANNEX F - MANAGEMENT EXPENSES 6 Life: OIF - Non-Participating Staff salaries & expenses Office rent Head office / parent company expenses Directors' fees Audit fees Managing agent's fees Repairs and maintenance Public utilities Printing, stationery and periodicals Postage, telephone and telex charges Computer charges Hire of office equipment Licence and association fees Advertising and subscriptions Entertainment Travelling expenses 5 6 7 8 9 5 6,5,778,5,7 7, 5,6 8,6,6,55 6, 8,9 58,9,75 General office expenses 5, Fixed assets expensed off,896 Bank charges 7,65 Tax, legal, consulting, actuarial and corporate secretarial fees 58,6 Non-recoverable GST 5 6,6 Management fee charged by head office / related company 6,6,655 Miscellaneous 7 7,7 Total = Row 9 of Form 7 5,9,6 /6/ 5:: PM
ANNUAL RETURN: ANNEX G - DISTRIBUTION EXPENSES IN RESPECT OF LIFE BUSINESS 6 Life: SIF - Non-Participating Individual business: First period commissions - single premium First period commissions - regular premium Renewal commissions Group business: Commissions Overriding commissions Production and other bonuses Trailer fees Cost of benefits and services Other cash payments Total distribution cost excluding reinsurance commissions ( to 9) Reinsurance commissions Total ( - ) = Row of Form 5 6 7 8 9-9,869 9,869 /6/ 5:9:56 PM
ANNUAL RETURN: ANNEX G - DISTRIBUTION EXPENSES IN RESPECT OF LIFE BUSINESS 6 Life: OIF - Non-Participating Individual business: First period commissions - single premium First period commissions - regular premium Renewal commissions Group business: Commissions Overriding commissions Production and other bonuses Trailer fees Cost of benefits and services Other cash payments Total distribution cost excluding reinsurance commissions ( to 9) Reinsurance commissions Total ( - ) = Row of Form 5 6 7 8 9 8,55-8,55 /6/ 5:9:56 PM
ANNUAL RETURN: ANNEX H - NET POLICY LIABILITIES IN RESPECT OF LIFE BUSINESS 6 Life: SIF - Non-Participating Net policy liabilities at end of period Net policy liabilities at beginning of period Increase (Decrease) in Net Policy Liabilities ( - ) = Row of Form 7, 7, /6/ 5:9:56 PM
ANNUAL RETURN: ANNEX H - NET POLICY LIABILITIES IN RESPECT OF LIFE BUSINESS 6 Life: OIF - Non-Participating Net policy liabilities at end of period Net policy liabilities at beginning of period Increase (Decrease) in Net Policy Liabilities ( - ) = Row of Form,9,9 /6/ 5:9:56 PM
ANNUAL RETURN: ANNEX I - BREAKDOWN OF OTHER EXPENSES 6 Life: SIF - Non-Participating Depreciation,55 Total = Row of Form 6,55 /6/ 5::6 PM
ANNUAL RETURN: ANNEX I - BREAKDOWN OF OTHER EXPENSES 6 Life: OIF - Non-Participating Foreign Exchange Loss,6 Depreciation 7,99 Total = Row of Form 6 9,58 /6/ 5::6 PM
ANNUAL RETURN: FORM - ADDITIONAL INFORMATION 6 NIL /6/ 5:9 PM
ANNUAL RETURN: FORM 5 - STATEMENT IN RESPECT OF LIFE BUSINESS (INDIVIDUAL AND GROUP) OF LIFE REINSURER Life: Singapore Insurance Fund 6 Sum Insured Premiums - Single Premiums - Regular A. New Business Life (Risk Premium) Life (Coinsurance) Accident and Health Disability Income Portfolio Cover Financial Reinsurance Other Reinsurance Total ( to 7) Annuities only 5 6 7 8 9 7,8,5 7,8,5 59, 59, B. Net Movements Life (Risk Premium) Claims Others Life (Coinsurance) Claims Others Accident and Health Claims Others Disability Income Claims Others Portfolio Cover Claims Others Financial Reinsurance Claims Others Other Reinsurance Claims Others Total ( to ) Annuities Only Claims Others C. Business in Force Life (Risk Premium) 5 6 7 8 9 5 6 7 7,8,5,9,9 55, Life (Coinsurance) Accident and Health Disability Income Portfolio Cover Financial Reinsurance Other Reinsurance Total (7 to ) Annuities only 8 9 5 7,8,5 55, /6/ 5:9 PM
ANNUAL RETURN: FORM 5 - STATEMENT IN RESPECT OF LIFE BUSINESS (INDIVIDUAL AND GROUP) OF LIFE REINSURER Life: Offshore Insurance Fund 6 Sum Insured Premiums - Single Premiums - Regular A. New Business Life (Risk Premium) Life (Coinsurance) Accident and Health Disability Income Portfolio Cover Financial Reinsurance Other Reinsurance Total ( to 7) Annuities only 5 6 7 8 9 788,7,68 8,8,8,7,6,5 9,,97,6,9,65 B. Net Movements Life (Risk Premium) Claims Others Life (Coinsurance) Claims Others Accident and Health Claims Others Disability Income Claims Others Portfolio Cover Claims Others Financial Reinsurance Claims Others Other Reinsurance Claims Others Total ( to ) Annuities Only Claims Others C. Business in Force Life (Risk Premium) 5 6 7 8 9 5 6 7 777,, 8,8,8,6,6,8,5,66 86,97,97,6,87,979 86,86 Life (Coinsurance) Accident and Health Disability Income Portfolio Cover Financial Reinsurance Other Reinsurance Total (7 to ) Annuities only 8 9 5,5,66 86,86 /6/ 5:9 PM
ANNUAL RETURN: FORM 5 - ADDITIONAL INFORMATION 6 NIL FORM - ADDITIONAL INFORMATION /6/ 5:9 PM
ANNUAL RETURN: FORM - STATEMENT OF FINANCIAL POSITION IN RESPECT OF GLOBAL BUSINESS OPERATIONS 6 Life Business. Policy liabilities General Business. Net premiums written. Premium liabilities. Claim liabilities Shareholders fund. Paid-up capital. Unappropriated profits (losses). Reserves - Capital General Others* Total (5 to 9) 5 6 7 8 9 ' (in foreign currency) UNITED STATES DOLLAR 7,77,,7, -8,99 987, /6/ 5: PM
ANNUAL RETURN: NOTES TO FORM Note Breakdown of "Others" Total /6/ 5: PM
ANNUAL RETURN: FORM - ADDITIONAL INFORMATION 6 NIL /6/ 5: PM
ANNUAL RETURN: FORM 5 - ABSTRACT OF VALUATION RESULTS OF LIFE BUSINESS OF LIFE REINSURER 6 Life: Singapore Insurance Fund Policy Liabilities of Insurance Fund Row No. Particulars of the Policies Valuation Sum Insured Particulars of the Policies Valuation Office Premuims Present Value Statistics Benefits Present Value Statistics Expenses Present Value Statistics Premiums Present Value Statistics PAD Present Value Statistics Negatve Reserves Present Value Statistics Total Life (Risk Premium) 7,8,5 55, 7,866,88,9 7, Life (Coinsurance) Accident and Health Disability Income Portfolio Cover 5 Financial Reinsurance 6 Other Reinsurance 7 Annuity Only 8 Total ( to 8) 9 7,8,5 55, 7,866,88,9 7,
ANNUAL RETURN: FORM 5 - ABSTRACT OF VALUATION RESULTS OF LIFE BUSINESS OF LIFE REINSURER 6 Life: Offshore Insurance Fund Policy Liabilities of Insurance Fund Row No. Particulars of the Policies Valuation Sum Insured Particulars of the Policies Valuation Office Premuims Present Value Statistics Benefits Present Value Statistics Expenses Present Value Statistics Premiums Present Value Statistics PAD Present Value Statistics Negatve Reserves Present Value Statistics Total Life (Risk Premium),5,66 86,86, 9,9 Life (Coinsurance) Accident and Health Disability Income Portfolio Cover 5 Financial Reinsurance 6 Other Reinsurance 7 Annuity Only 8 Total ( to 8) 9,5,66 86,86, 9,9
ANNUAL RETURN: FORM 5 - ADDITIONAL INFORMATION 6 NIL /6/ 5: PM
ANNUAL RETURN: FORM 6 - STATEMENT OF ANALYSIS OF EXPERIENCE OF INSURANCE FUND IN RESPECT OF LIFE BUSINESS 6 Life: SIF - Non-Participating From //6 to //6 Sources of net income arising in the year: Actual Expected Actual Less Expected New Business 5, 5, Mortality/Morbidity Forfeiture/Surrender Interest 8,97 8,97 Expense 5-7,557-7,557 Change in basis 6 Miscellaneous 7 Total ( to 7) 8 -,6 /6/ 5: PM
ANNUAL RETURN: FORM 6 - STATEMENT OF ANALYSIS OF EXPERIENCE OF INSURANCE FUND IN RESPECT OF LIFE BUSINESS 6 Life: OIF - Non-Participating From //6 to //6 Sources of net income arising in the year: Actual Expected Actual Less Expected New Business 6,97 6,97 Mortality/Morbidity Forfeiture/Surrender Interest 76,8 76,8 Expense 5-6,5,86-6,5,86 Change in basis 6 Miscellaneous 7 Total ( to 7) 8-5,7,5 /6/ 5: PM
ANNUAL RETURN: FORM 6 - ADDITIONAL INFORMATION 6 NIL /6/ 5: PM
ANNUAL RETURN: FORM 7 - ACTUARY'S CERTIFICATE ON POLICY LIABILITIES IN RESPECT OF LIFE BUSINESS ACTUARIAL INVESTIGATION OF POLICY LIABILITIES 6 I have conducted an investigation into the valuation of policy liabilities relating to life business as required under section 7 of the Insurance Act and confirm that the valuation is in accordance with all applicable requirements stipulated under the Act and directions issued under the Act, subject to the qualifications stated below*. I certify these amounts as follows: Participating Fund Non-Participating Fund Investment-Linked Fund Singapore Insurance Fund 7, Offshore Insurance Fund,9 *Qualifications (if non, state "none"): None /6/ 5: PM
ANNUAL RETURN: FORM 7 - ADDITIONAL INFORMATION 6 NIL /6/ 5: PM
ANNUAL RETURN: FORM - STATEMENT IN RELATION TO FUND SOLVENCY REQUIREMENT OF INSURANCE FUND Life: SIF - Non-Participating 6 (i) Financial Resources of Insurance Fund Balance in the surplus account (of participating fund) Add: Allowance for provision for non-guaranteed benefits (of participating fund): (lower of or ) Policy liabilities - minimum condition liability 5% of aggregate of provisions for non-guaranteed benefits and PAD Surplus of insurance fund (of any other insurance fund) Less: Reinsurance adjustment Financial resource adjustment: (8 to ) (a) loans to, guarantees granted for, and other unsecured amounts owed to the registered insurer (b) charged assets (c) deferred tax assets (d) intangible assets (e) other financial resource adjustments Financial Resources of Insurance Fund ( + + 5-6 - 7) (ii) Total Risk Requirement of Insurance Fund A. Component Requirement - Insurance Risks Life Insurance Risk Requirement (for participating fund): (5 + 8) (a) Policy Liability Risk Requirement: (zero or 6-7, whichever is higher) Modified minimum condition liability Minimum condition liability (b) Surrender Value Condition Risk Requirement: (zero or 9 -, whichever is higher) Aggregate of surrender values of policies of the insurance fund Higher of or : Sum of total risk requirement and minimum condition liability of the insurance fund Policy liabilities of the insurance fund Life Insurance Risk Requirement (other than participating fund) ( + 7) (a) Policy Liability Risk Requirement: (zero or 5-6, whichever is higher) Modified policy liabilities Policy Liabilities (b) Surrender Value Condition Risk Requirement: (zero or 8-9, whichever is higher) Aggregate of surrender values of policies of the insurance fund Sum of total risk requirement and policy liabilities of the insurance fund General Insurance Risk Requirement (for general business): ( to ) (a) Premium liability risk requirement (b) Claim liability risk requirement Total C Requirement ( + + ) B. Component Requirement - Investment Risks and Risks arising from Interest Rate Sensitivity and Foreign Currency Mismatch between Asset and Liabilities Equity Investment Risk Requirement (5 to 6) (a) Specific Risk Requirement 5 6 7 8 9 5 6 7 8 9 5 6 7 8 9 5,9 55,57 7, 5,969 9,87 8 9,9,9,9 /6/ 5:9:7 PM
(b) General Risk Requirement Debt Investment and Duration Mismatch Risk Requirement: (8 or, whichever is higher) (a) Sum of: (9 + ) Debt investment risk requirement in an increasing interest rate environment ( to ) Debt specific risk requirement Debt general risk requirement Liability adjustment requirement in an increasing interest rate environment (b) Sum of: ( + 7) Debt investment risk requirement in a decreasing interest rate environment (5 to 6) Debt specific risk requirement Negative of debt general risk requirement Liability adjustment requirement in a decreasing interest rate environment Loan Investment Risk Requirement Property Risk Requirement Foreign Currency Mismatch Risk Requirement (for Singapore Insurance Fund) Derivative Counterparty Risk Requirement Miscellaneous Risk Requirement Total C Requirement ( + 7 + 8 + 9 + 5 + 5 + 5) C. Component Requirement - Concentration Risks Counterparty Exposure Equity Securities Exposure Unsecured Loans Exposure Property Exposure Foreign Currency Risk Exposure Exposure to assets in miscellaneous risk requirements Exposure to non-liquid assets with Singapore Insurance Fund (for general business) Total C Requirement (5 to 6) Total Risk Requirement of Insurance Fund ( + 5 +6) 6 7 8 9 5 6 7 8 9 5 5 5 5 5 55 56 57 58 59 6 6 6-566 -566 57 57 57,8 5,97 7,86 /6/ 5:9:7 PM
ANNUAL RETURN: FORM - STATEMENT IN RELATION TO FUND SOLVENCY REQUIREMENT OF INSURANCE FUND Life: OIF - Non-Participating 6 (i) Financial Resources of Insurance Fund Balance in the surplus account (of participating fund) Add: Allowance for provision for non-guaranteed benefits (of participating fund): (lower of or ) Policy liabilities - minimum condition liability 5% of aggregate of provisions for non-guaranteed benefits and PAD Surplus of insurance fund (of any other insurance fund) Less: Reinsurance adjustment Financial resource adjustment: (8 to ) (a) loans to, guarantees granted for, and other unsecured amounts owed to the registered insurer (b) charged assets (c) deferred tax assets (d) intangible assets (e) other financial resource adjustments Financial Resources of Insurance Fund ( + + 5-6 - 7) (ii) Total Risk Requirement of Insurance Fund A. Component Requirement - Insurance Risks Life Insurance Risk Requirement (for participating fund): (5 + 8) (a) Policy Liability Risk Requirement: (zero or 6-7, whichever is higher) Modified minimum condition liability Minimum condition liability (b) Surrender Value Condition Risk Requirement: (zero or 9 -, whichever is higher) Aggregate of surrender values of policies of the insurance fund Higher of or : Sum of total risk requirement and minimum condition liability of the insurance fund Policy liabilities of the insurance fund Life Insurance Risk Requirement (other than participating fund) ( + 7) (a) Policy Liability Risk Requirement: (zero or 5-6, whichever is higher) Modified policy liabilities Policy Liabilities (b) Surrender Value Condition Risk Requirement: (zero or 8-9, whichever is higher) Aggregate of surrender values of policies of the insurance fund Sum of total risk requirement and policy liabilities of the insurance fund General Insurance Risk Requirement (for general business): ( to ) (a) Premium liability risk requirement (b) Claim liability risk requirement Total C Requirement ( + + ) B. Component Requirement - Investment Risks and Risks arising from Interest Rate Sensitivity and Foreign Currency Mismatch between Asset and Liabilities Equity Investment Risk Requirement (5 to 6) (a) Specific Risk Requirement (b) General Risk Requirement Debt Investment and Duration Mismatch Risk Requirement: 5 6 7 8 9 5 6 7 8 9 5 6 7 8 9 5 6 9,65,55 58,5 8,97,5 /6/ 5:9:7 PM
(8 or, whichever is higher) (a) Sum of: (9 + ) Debt investment risk requirement in an increasing interest rate environment ( to ) Debt specific risk requirement Debt general risk requirement Liability adjustment requirement in an increasing interest rate environment (b) Sum of: ( + 7) Debt investment risk requirement in a decreasing interest rate environment (5 to 6) Debt specific risk requirement Negative of debt general risk requirement Liability adjustment requirement in a decreasing interest rate environment Loan Investment Risk Requirement Property Risk Requirement Foreign Currency Mismatch Risk Requirement (for Singapore Insurance Fund) Derivative Counterparty Risk Requirement Miscellaneous Risk Requirement Total C Requirement ( + 7 + 8 + 9 + 5 + 5 + 5) C. Component Requirement - Concentration Risks Counterparty Exposure Equity Securities Exposure Unsecured Loans Exposure Property Exposure Foreign Currency Risk Exposure Exposure to assets in miscellaneous risk requirements Exposure to non-liquid assets with Singapore Insurance Fund (for general business) Total C Requirement (5 to 6) Total Risk Requirement of Insurance Fund ( + 5 +6) 7 8 9 5 6 7 8 9 5 5 5 5 5 55 56 57 58 59 6 6 6 /6/ 5:9:7 PM
ANNUAL RETURN: FORM - ADDITIONAL INFORMATION 6 NIL /6/ 5:9:7 PM
ANNUAL RETURN FORM - STATEMENT IN RELATION TO CAPITAL ADEQUACY REQUIREMENT OF REGISTERED INSURER 6 (i) Financial Resources of Registered Insurer A. Tier Resource Aggregate of surpluses of all insurance funds other than a participating fund Balances in the surplus account of each participating fund Paid-up ordinary share capital Unappropriated profits (losses) Surpluses of Overseas Branch Operations Irredeemable and non-cumulative preference shares Any other capital instrument approved by the Authority as a Tier resource Less: Reinsurance adjustment Financial resource adjustment: ( to ) (a) loans to, guarantees granted for and other unsecured amounts owed to the registered insurer (b) charged assets (c) deferred tax assets (d) intangible assets (e) other financial resource adjustments Total Tier Resource ( to 7 less 8 to 9) B. Tier Resource Irredeemable and non-cumulative preference shares not recognised as Tier resource Irredeemable and non-cumulative preference shares Other Tier resource Total Tier Resource (6 to 8) C. Aggregate of allowance for provisions for non-guaranteed benefits of participating funds Financial Resources of Registered Insurer (higher of $5m or 5 + 9 +) (ii) Total Risk Requirement of Registered Insurer (a) Total risk requirements of insurance funds established or maintained under the Act (b) Total risk requirements of assets and liabilities that do not belong to any insurance fund established and maintained under the Act Total Risk Requirement of Registered Insurer ( to ) CAPITAL ADEQUACY RATIO (/) 5 6 7 8 9 5 6 7 8 9 5 7,86 9,585,5 58,86 9,6,579 9,6,579 7,86 95.6 % /6/ 5:9: PM
ANNUAL RETURN: FORM - ADDITIONAL INFORMATION 6 NIL /6/ 5:9: PM