Page 137 - MC14326 all pages

The South African Insurance Industry Survey 2016 | 133

LONG TERM INSURERS | Statement of Comprehensive Income | R’000 (continued)

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
Change in policyholder liabilities under insurance Limited
contracts Limited

Fair value adjustments on policyholder liabilities Traditional Cell captive Traditional Traditional Traditional
under investment contracts - -
Acquisition costs - split not split not split not split not 41 351 19 840 -
Administration, management and other provided, provided, provided, provided,
expenses included included included included
Total expenses in claims in claims in claims in claims
Profit/(loss) before tax expense line expense line expense line expense line
Tax
Profit/(loss) after tax -- 45 102 - 18 566 000 19 957 000 - - 242 977 237 309
Other comprehensive income
Total comprehensive income/(loss) for the - - 15 771 24 915 4 309 000 3 480 000 - - - -
year 3 277 3 538 43 584 25 737 10 476 000 9 602 000 189 476 185 394 16 892 11 043
Other transfers to/(from) retained income
Other comprehensive income not charged 3 277 3 538 (33 437) (73 803) 83 676 000 87 190 000 271 738 232 193 259 869 248 352
against retained earnings 11 754 11 104 161 528 146 936 3 519 000 16 270 000 52 094 2 501 10 865 10 276
Ordinary dividends 158 641 144 288 469 000 14 563 850 2 180 2 412
Allocated to preference shareholders 3 291 3 109 3 050 000 2 994 000 37 531 1 651 8 685 7 864
Change in retained earnings 8 463 7 995 2 887 2 648 115 000 13 276 000 - - - -
Management expenses to net premium and 142 - 3 165 000 37 531 1 651 8 685 7 864
service fees on investment contracts - - 96 000
Tax as a % of NIBT 8 463 7 995 3 029 2 648 13 372 000
Comments
- - - - 376 000 (72 000) ----
- - (142) - - - - 17 - -

- - - - 4 801 000 3 510 000 - - - -
- - - - - - - - - -
8 463 7 995 2 887 2 648 37 531 1 668 8 685 7 864
34% 35% 543% 687% (1 260 000) 9 790 000 64% 85% 91% 69%
23% 26%

28% 28% 98% 98% 13% 18% 28% 34% 20% 23%
Company Company Company Company Company Company Company Company Company Company