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Chairman's Report - Key Features - Key Issues - Insurance Statistics - Insurance Statistics Graphs - Funds Under Management Statistics - Board of Directors

 

Annual Review 1999 - Insurance Statistics

Insurance Business

Years ending 30 June	1997 ($000's)	1998 ($000's)	1999 ($000's)	%Change This Year
New Business
Annual Premium Income	141,935	142,341	162,491	14.16
Single Premiums	205,890	327,016	366,923	12.20
Discontinuances of Annual Premium Income
Lapses	11,538	9,057	6,744	-25.54
Surrenders	100,264	114,990	143,641	24.92
All Other Discontinuances	*	*	12,232	N/A
Annual Premium Income in Force
	1,079,670	1,081,488	1,081,726	0.02

Superannuation Business

Years ending 30 June	1997 ($000's)	1998 ($000's)	1999 ($000's)	%Change This Year
New Business
Annual Regular Contributions	133,563	119,132	117,880	-1.05
Single Contributions	407,732	487,148	926,069	90.10
Discontinuances of Annual Regular Contributions
Lapses	8,585	8,214	6,575	-19.95
Surrenders	22,985	26,254	32,451	23.60
Other Discontinuances	*	*	9,402	N/A
Superannuation Scheme Cancellations	7,833	11,152	23,777	113.21
Annual Regular Contributions in Force
.	596,731	629,629	658,649	4.61

Cashflow for Insurance and Superannuation Business

Years ending 30 June	1997 ($000's)	1998 ($000's)	1999 ($000's)	%Change This Year
Premium Income	2,334,613	2,412,011	2,810,798	16.53
Investment Income	2,725,747	2,267,836	1,939,736	-14.47
Sub Total	5,060,360	4,679,847	4,750,534	1.51
Taxes	276,120	154,635	242,760	56.99
Commissions	216,746	205,458	228,406	11.17
All other Management Expenses	444,807	433,288	398,807	-7.96
Payment to Policyholders	2,279,342	2,416,018	2,473,587	2.38
Sub Total	3,217,015	3,209,399	3,343,560	4.18
Incomings Less Outgoings
.	1,843,345	1,470,448	1,406,974	-4.32

Source: ISI Quarterly Statistics