Page 136 - MC14326 all pages

132 | The South African Insurance Industry Survey 2016

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

Accounting Year end Dec-15 Dec-14 Dec-15 Dec-14 Dec-15 Dec-14 Jun-15 Jun-14 Mar-15 Mar-14
Group/Company
Nedgroup Structured Life Old Mutual Alternative Old Mutual Life Assurance OUTsurance Life Prescient Life Limited
FSB classification Limited Risk Transfer Limited Company (South Africa) Insurance Company
Recurring premiums Limited
Single premiums Limited
Other premiums
Reinsurance premiums Traditional Cell captive Traditional Traditional Traditional
Net premium income - -
Service fees from investment contracts - no split no split no split no split no split no split -
Total net investment income provided provided provided provided provided rovided
Commission received total is
Other unallocated income (total is (total is (total is (total is (total is R237 419)
Total income R849 017) R790 742) R43 523 000) R35 001 000) R316 491)
Death/disability
Maturities - - 841 440 785 067 1 076 000 998 000 (20 910) (19 660) - -
Annuities - - - -
Surrenders 9 625 10 209 7 577 5 675 42 447 000 34 003 000 295 581 217 759 18 524 15 948
Withdrawals and other benefits 3 318 2 454 252 210 242 680
Reinsurance recoveries - - 456 - 3 107 000 2 769 000 -- - -
Net policyholder benefits under insurance 2 088 1 979 - -
contracts 15 031 14 642 98 791 51 462 39 507 000 65 004 000 28 251 16 935 270 734 258 628
Change in preference share liability - - 1 877 000 1 361 000 - -
Change in assets arising from insurance - - 257 000 323 000 - - - -
contracts 21 267 15 996

128 091 73 133 87 195 000 103 460 000 323 832 234 694

no split no split no split no split 58 520 35 280
provided provided provided provided
--
(total is (total is (total is (total is
R231 800) R289 948) R51 751 000) R54 622 000) --
--
--

(775 954) (782 810) 1 426 000 471 000 (17 609) (8 321) --
--
- - (544 154) (492 862) 50 325 000 54 151 000 40 911 26 959
--
- - 406 260 368 407 - - -- --
- ----- --