Page 128 - MC14326 all pages
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124 | The South African Insurance Industry Survey 2016
LONG TERM INSURERS | Statement of Financial Position | R’000
Accounting year end Dec-15 Dec-14 Jun-15 Jun-14 Dec-15 Dec-14
Group/Company
Professional Provident Regent Life Assurance Sanlam Life Insurance
FSB classification Society Insurance Company Limited Limited
Share capital and premium Company Limited
Retained earnings/(deficit)
Other reserves Traditional Traditional Traditional
Non-controlling interests 5 000 000 5 000 000
Total shareholders' funds 10 000 10 000 144 688 144 688 67 541 000 57 727 000
Policyholder liabilities under insurance contracts 5 429 000 5 429 000
and contracts with DPF's 319 844 274 674 423 390 308 648
Policyholder labilities under investment --
contracts -- (6 512) (7 565) 77 970 000 68 156 000
Reinsurance contract liability 140 418 000 148 804 000
Cell owners interest -- 45 876 42 035
Deferred tax liability/(asset)
Other liabilities 329 844 284 674 607 442 487 806
Total liabilities
25 577 153 23 711 492 122 627 191 170
1 139 647 825 699 246 425 254 684 217 796 000 191 255 000
6 184 107 233 - - - -
- - - - - -
122 334 112 560 1 635 000 1 693 000
331 214 355 444 255 415 241 410 44 911 000 46 666 000
333 711 240 212 746 801 799 824 404 760 000 388 418 000
27 381 725 25 240 080
Total investments 25 251 529 24 133 928 938 173 644 835 466 870 000 442 849 000
Assets arising from insurance contracts - - - - - -
PPE; goodwill and intangible assets
Reinsurers' share of policyholder liabilities 779 965 544 885 10 084 18 498 1 703 000 1 690 000
Deferred acquisition costs - - 110 192 142 089 650 000 642 000
Cash and cash equivalents - -
Other assets - - 2 672 000 2 561 000
Income tax asset 1 401 234 692 352 219 954 418 601 3 190 000 647 000
Deposits held with cell option 265 908 153 589 7 645 000
Total assets 12 933 75 840 63 607 8 185 000
Regulatory surplus assets to CAR - - - - - -
Total assets/total liabilities - - - - -
Increase in shareholders' funds 27 711 569 25 524 754 482 730 000
2,6 2,6 1 354 243 1 287 630 5,80 456 574 000
101% 8,00 4,20 119% 4,50
101% 14%
16% 181% 161% 118%
25%
