Page 134 - MC14326 all pages
P. 134
130 | The South African Insurance Industry Survey 2016
LONG TERM INSURERS | Statement of Comprehensive Income | R’000
Accounting Year end Jun-15 Jun-14 Jun-15 Jun-14 Jun-15 Jun-14 Jun-15 Jun-14 Dec-15 Dec-14
Group/Company
Metropolitan Life Metropolitan Odyssey Momentum Ability MMI Group Limited Nedgroup Life Assurance
International Limited Limited Limited Company Limited
FSB classification Traditional Traditional Traditional Traditional Traditional
Recurring premiums - -
Single premiums - - 1 954 322 1 796 141 no split no split no split no split
Other premiums provided provided provided provided
1 497 2 099
Reinsurance premiums (total is (total is (total is (total is
Net premium income -- R22 458 000) R21 184 000) R1 966 690) R3 506 042)
Service fees from investment contracts
Total net investment income - - - - 1 752 902 1 590 566 3 476 000 3 111 000 246 472 281 246
Commission received - - - - 202 917 207 674
Other unallocated income 427 2 555 - - 5 358 5 018 18 982 000 18 073 000 1 720 218 3 224 796
Total income 20 558 18 524 15 308 23 957 111 408 138 878
Death/disability - - - - - - 2 097 000 1 711 000 --
Maturities - 26 - - - -
Annuities 20 985 21 105 15 308 23 957 319 683 351 570 26 142 000 51 379 000 239 394 421 352
Surrenders - - no split no split 531 259 412 197
Withdrawals and other benefits - - provided provided - - -- 53 809 70 726
Reinsurance recoveries - - (nett total is (nett total is 3 710 3 482
Net policyholder benefits under insurance - - R5 820) R41 619) - - 1 051 000 1 104 000 36 846 8 922
contracts - - - -
Change in preference share liability - - - - 48 272 000 72 267 000 2 050 267 3 725 796
Change in assets arising from insurance - - 5 820 41 619 (516 341) (400 087)
contracts 18 628 15 592 7 508 000 6 730 000 570 570 633 254
-
- 5 140 000 5 739 000 226 108 181 099
3 266 000 2 506 000 165 226 141 155
2 837 000 2 796 000 121 243 240 794
3 011 000 3 059 000 --
(1 944 000) (1 534 000) (194 737) (188 012)
19 818 000 19 296 000 888 410 1 008 290
--- ------
---
70 073 (200 291) - - - -
