Page 132 - MC14326 all pages

128 | The South African Insurance Industry Survey 2016

LONG TERM INSURERS | Statement of Comprehensive Income | R’000

Accounting Year end Dec-15 Dec-14 Jun-15 Jun-14 15 month period ended Mar-14 Jun-15 Jun-14 Dec-15 Dec-14

Jun-15

Group/Company Centriq Life Insurance Clientele Life Guardrisk Life Limited Hollard Life Assurance Liberty Group Limited
Company Limited Limited Company Limited

FSB classification Cell captive Traditional Cell captive Traditional Traditional
Recurring premiums 1 395 093 1 208 079
Single premiums no split no split 1 712 665 1 159 548 5 059 648 4 857 289 split split
Other premiums provided provided 21 635 1 181 912 provided, provided,
653 770 77 706 94 512 but includes but includes
Reinsurance premiums (total is (total is 94 943 investment investment
Net premium income R222 593) R196 372) -- contracts contracts
Service fees from investment contracts
Total net investment income (total is (total is
Commission received R36 419 000) R39 708 000)
Other unallocated income
Total income 214 207 188 934 113 155 99 125 1 378 756 733 688 764 652 726 611 1 056 000 905 000
Death/disability 8 386 7 438 1 281 938 1 108 954 987 679 503 566
Maturities 5 711 4 514 - 4 411 143 5 407 533 35 363 000 38 803 000
Annuities 8 942 - - 423 495 -
Surrenders 10 305 4 601 173 472 202 242 27 603 267 931 - - 1 123 000 914 000
Withdrawals and other benefits 5 896 112 -
106 - - 19 529 770 629 821 090 22 444 000 28 891 000
Reinsurance recoveries 25 607 159 373 171 653 1 438 777 -
Net policyholder benefits under insurance 30 404 no split 1 614 783 1 482 849 no split ----
contracts no split provided 188 043 145 094 791 026
Change in preference share liability provided (total is provided no split 31 919 49 302 688 000 670 000
Change in assets arising from insurance (total is R86 298) - - (total is provided
contracts R99 744) - - (total is 5 213 691 6 277 925 59 618 000 69 278 000
186 265 207 381 R380 239) R226 811)
18 620 31 376 1 648 793 1 670 951 split split
1 748 127 680 976 provided provided
166 783 but included but included
144 445 202 782 payments to payments to
204 535 81 578 investment investment
contracts contracts
58 210 (nett total is (nett total is
R32 720 000) R31 534 000)

(93 831) (81 495) (117 250) (96 639) (347 527) (183 141) (553 020) (685 577) (923 000) (853 000)
5 913 4 803 275 678 287 212 32 712 43 670
3 251 090 2 117 493 31 797 000 30 681 000
- - - - 384 066 242 803
- - 227 95 - - ----
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