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KiwiSaver Mortgage Diversion - Scheme Provider Contact Details
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| Annual Review 1998 - ISI Quarterly Statistics Sheet |
|
|
| Insurance Business |
| Years Ending 30 June |
1996
($000's) |
1997
($000's) |
1998
($000's) |
% Change
This Year |
| New
Business |
| Annual Premium Income |
161,912 |
141,935 |
142,341 |
0.29 |
| Single Premiums |
347,688 |
205.890 |
327,016 |
58.83 |
| Discontinuance's
of Annual Premium Income |
| Lapses |
38,281 |
11,538 |
9,057 |
-21.83 |
| Surrenders |
112,209 |
100,264 |
114,990 |
14.96 |
| Annual
Premium Income In-Force |
1,072,050 |
1,079,670 |
1,081,488 |
0.17 |
|
|
|
|
|
| Superannuation Business |
| Years Ending 30 June |
1996
($000's) |
1997
($000's) |
1998
($000's) |
% Change
This Year |
| New
Business |
| Annual Premium Income |
112,931 |
133,563 |
119,132 |
-10.80 |
| Single Premiums |
216,986 |
407,732 |
487,148 |
19.48 |
| Discontinuance's
of Annual Premium Income |
| Lapses |
6,734 |
8,585 |
8,214 |
-4.32 |
| Surrenders |
20,982 |
22,985 |
26,254 |
14.22 |
| Superannuation
Scheme Cancellations |
12,166 |
7,833 |
11,152 |
42.37 |
| Annual Regular Contributions In-Force |
524,699 |
596,731 |
629,629 |
5.51 |
|
|
|
|
|
| Cash Flow for Insurance and Superannuation Business |
| Years Ending 30 June |
1996
($000's) |
1997
($000's) |
1998
($000's) |
% Change
This Year |
| Premium
Income |
2,369,038 |
2,334,613 |
2,412,011 |
3.32 |
| Investment
Income |
1,312,193 |
2,725,747 |
2,267,836 |
-16.80 |
| Sub Total |
3,681,231 |
5,060,360 |
4,679,847 |
-7.52 |
| Taxes |
175,745 |
276,120 |
154,635 |
-44.00 |
| Commissions |
224,817 |
216,746 |
205,458 |
-5.21 |
| All
Other Management Expenses |
418,916 |
444,807 |
433,288 |
-2.59 |
| Payments
to Policy Holders |
2,087,078 |
2,279,342 |
2,416,018 |
6.00 |
| Sub Total |
2,906,556 |
3,217,015 |
3,209,399 |
-0.24 |
| Incomings
Less Outgoing |
774,675 |
1,843,345 |
1,470,448 |
-20.23 |
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