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The South African Insurance Industry Survey 2016 | 103

SHORT TERM INSURERS | Statement of Financial Position | R’000

Accounting year end Jun-15 Jun-14 15 month period ended Jun-14 Dec-15 Dec-14 Jun-15 Jun-14 Sep-15 Sep-14

Group/Company Jun-15

FSB classification First for Women Insurance Guardrisk Insurance HDI-Gerling Insurance The Hollard Insurance Indequity Group
Share capital and share premium Company (RF) Limited Company Limited Company of South Africa Company Limited Limited
Retained earnings/(deficit)
Reserves, including contingency reserve Limited
Total shareholders' funds
Total shareholders' funds and non-controlling Traditional Cell captive Traditional Traditional Traditional
interests 11 334
82 000 82 000 114 414 114 414 17 955 17 955 606 850 606 850 16 244 11 434
11 436
29 609 17 614 172 897 75 680 30 295 31 633 3 765 194 3 469 268 -
27 578 -
-- -- (50) (2) 4 012 4 012 27 578 22 870
22 870
111 609 99 614 287 311 190 094 48 200 49 586 4 376 056 4 080 130

111 609 99 614 287 311 190 094 48 200 49 586 4 376 056 4 080 130

Gross outstanding claims 109 291 107 824 1 210 696 1 118 933 280 812 193 397 2 755 612 2 207 963 3 181 4 398
Gross unearned premium reserve 24 680 22 588 3 029 288 2 836 652 94 471 213 817 1 720 948 1 645 743 245 231
Reinsurers' share of expected salvages and 24 929 16 744 - - -
recoveries - - - - -
Owing to cell owners - - - - -
Deferred reinsurance commission revenue - - 4 109 310 3 100 596 20 063 - - - - -
Deferred tax liability - - 98 063 101 751 19 079 - - 137 -
Other liabilities 43 719 57 802 20 804 24 737 - 409 493 311 747 2 704 3 097
Total liabilities 202 619 204 958 489 832 59 337 - 1 693 088 1 479 462 6 267 7 726
481 815 454 683 189 777 6 579 141 5 644 915
8 949 976 7 672 501 616 070

Total investments including investments in 81 962 49 405 6 702 962 5 976 319 58 997 70 871 4 595 046 4 099 484 - -
subsidiaries

Deferred tax asset, intangible assets and PPE 144 126 33 000 10 575 246 280 186 278 111 749 1 481 1 236
Reinsurers' share of outstanding claims 23 455 20 614 850 513 552 759 278 104 191 692 1 283 487 839 975 41 45
Reinsurers' share of unearned premium reserve 416 227 416 210 212 650 447 678 - -
Gross expected salvages and recoveries - - 91 732 471 094 272 451
Deferred acquisition costs 26 197 24 809 - - - - 291 538 169 530 1 525 1 707
Cash and cash equivalents 61 078 100 201 13 506 155 022 1 673 466 - -
Other assets - - 399 206 182 509 15 365 2 359 354 2 110 712
Total assets 103 380 126 493 774 301 624 022 6 927 6 022 1 613 378 9 725 045 30 693 27 554
9 237 287 7 862 595 170 635 10 955 197 105 54
79 090 83 125 51 512 665 656
314 228 304 572 502 883 33 845 30 596

International solvency margin 465% 504% 8% 6% 1051% 2685% 58% 69% 64% 58%
Total assets/Total liabilities 155% 149% 103% 102% 111% 108% 167% 172% 540% 396%
Change in shareholders' funds (3%)
12% 51% 7% 21%