Page 138 - MC14326 all pages

134 | 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 Dec-15 Dec-14
Group/Company
Professional Provident Regent Life Assurance Sanlam Life Insurance
FSB classification Society Insurance Company Limited Limited
Recurring premiums Company Limited
Single premiums
Other premiums Traditional Traditional Traditional
Reinsurance premiums
Net premium income no split no split 751 920 706 810 no split no split
Service fees from investment contracts provided provided - - provided provided
Total net investment income - -
Commission received (total is (total is (total is (total is
Other unallocated income R3 063 836) R2 732 925) R13 195 000) R12 214 000)
Total income
Death/disability (179 042) (158 903) 84 415 83 884 880 000 789 000
Maturities
Annuities 2 884 794 2 574 022 667 505 622 926 12 315 000 11 425 000
Surrenders
Withdrawals and other benefits 50 253 38 136 - - 602 000 590 000
Reinsurance recoveries
Net policyholder benefits under insurance 1 329 064 2 762 128 132 164 165 242 31 821 000 46 080 000
contracts
Change in preference share liability -- - - - 2 000
Change in assets arising from insurance
contracts 979 415 (320 842) 54 876 47 248 - -

5 243 526 5 053 444 854 545 835 416 44 738 000 58 097 000

no split no split 213 010 220 854 no split no split
provided provided 19 568 3 394 provided provided
(113)
(total is (total is 84 659 10 157 (total is (total is
R2 101 127) R1 718 708) 62 672 R4 248 000) R4 139 000)

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(116 673) (67 998) (66 327) (48 690) 768 000 661 000
1 984 454 1 650 710
250 797 248 387 3 480 000 3 478 000

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69 023 53 318 - - - -