ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET/media/MAS/Statistics/Insurance Returns/annual_G...ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET Reporting Cycle: ... Other invested assets

AXA INSURANCE SINGAPORE PTE LTDI819G

ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET

Reporting Cycle:

General: Singapore Insurance Fund

122014

Description

ASSETS

Equity securities

Debt securities

Land and buildings

Loans

Cash and deposits

Other invested assets

Investment income due or accrued

Outstanding premiums and agents' balances

Deposits withheld by cedants

Reinsurance recoverables (on paid claims)

Income tax recoverables

Fixed assets

Inter-fund balances and intra group balances (due from)

Other assets

Total Assets (1 to 14)

LIABILITIES

Policy liabilities

Other liabilities:

Outstanding claims

Annuities due and unpaid

Reinsurance deposits

Amounts owing to insurers

Bank loans and overdrafts

Inter-fund balances and intra-group balances (due to)

Others

Total Liabilities (16 to 23)

SURPLUS (15 - 24)

Annex

1A

1B

1C

1D

1E

1F

1G

1H

1I

1J

1K

1L

1M

1N

RowNo.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

Amount

24,704,006

575,651,674

0

133,970

245,340,634

0

1,226,281

48,039,010

0

6,295,683

0

1,652,990

956,115

4,244,231

908,244,594

504,849,489

800,153

0

0

15,445,061

0

8,260,771

59,364,683

588,720,157

319,524,437

13/08/2015 02:26 PM


ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET

Reporting Cycle:

General: Offshore Insurance Fund

122014

Description

ASSETS

Equity securities

Debt securities

Land and buildings

Loans

Cash and deposits




Deposits withheld by cedants

Reinsurance recoverables (on paid claims)

Income tax recoverables

Fixed assets

Inter-fund balances and intra group balances (due from)

Other assets

Total Assets (1 to 14)

LIABILITIES

Policy liabilities

Other liabilities:

Outstanding claims

Annuities due and unpaid

Reinsurance deposits

Amounts owing to insurers

Bank loans and overdrafts

Inter-fund balances and intra-group balances (due to)

Others

Total Liabilities (16 to 23)

SURPLUS (15 - 24)

Annex

1A

1B

1C

1D

1E

1F

1G

1H

1I

1J

1K

1L

1M

1N

RowNo.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

Amount

0

0

0

0

20,437,388

0

21,190

4,138,047

18,952,218

1,670,656

0

0

0

97,422

45,316,921

24,942,950

0

0

0

7,919,339

0

521,711

83,694

33,467,694

11,849,227

13/08/2015 02:26 PM


Description

Equity securities other than collective investment schemes

Collective investment schemes

Total (1 to 2) = Row 1 of Form 1

Row No.

1

2

3

Listed

24,704,006

0

Unlisted

0

0

Amount

24,704,006

0

24,704,006

122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1A - INVESTMENT IN EQUITY SECURITIES

13/08/2015 02:26:27 PM


Description

Equity securities other than collective investment schemes

Collective investment schemes


Row No.

1

2

3

Listed

0

0

Unlisted

0

0

Amount

0

0

0

122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1A - INVESTMENT IN EQUITY SECURITIES

13/08/2015 02:26:27 PM


Description

Government debt securities

Qualifying debt securities

Other debt securities


Row No.

1

2

3

4

Amount

40,699,242

515,433,654

19,518,778

575,651,674

122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1B - INVESTMENT IN DEBT SECURITIES

13/08/2015 02:26:27 PM


Description

Government debt securities

Qualifying debt securities

Other debt securities


Row No.

1

2

3

4

Amount

0

0

0

0

122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1B - INVESTMENT IN DEBT SECURITIES

13/08/2015 02:26:27 PM


122014

I819G

Reporting Cycle:

ANNUAL RETURN: ANNEX 1C - INVESTMENT IN LAND AND BUILDINGS

AXA INSURANCE SINGAPORE PTE LTD

Location and Descriptionof Land and Buildings Row No. Cost

LastRevaluation

Date

Last ReportedAmount

Changes fromLast Reported

AmountAmount

Total = Row 3 of Form 1 21 0

13/08/2015 02:26:41 PM


122014

I819G

Reporting Cycle:

ANNUAL RETURN: ANNEX 1C - INVESTMENT IN LAND AND BUILDINGS


Location and Descriptionof Land and Buildings Row No. Cost

LastRevaluation

Date

Last ReportedAmount

Changes fromLast Reported

AmountAmount


13/08/2015 02:26:41 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1D - INVESTMENT IN LOANS

Description

Policy loans

Mortgage loans

Other secured loans

Unsecured loans


Row No.

1

2

3

4

5

Amount Outstanding

0

0

0

133,970

Provision for DoubtfulLoans

0

0

0

0

Amount

0

0

0

133,970

133,970

13/08/2015 02:26:27 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1D - INVESTMENT IN LOANS

Description

Policy loans

Mortgage loans

Other secured loans

Unsecured loans


Row No.

1

2

3

4

5

Amount Outstanding

0

0

0

0

Provision for DoubtfulLoans

0

0

0

0

Amount

0

0

0

0

0

13/08/2015 02:26:27 PM

General: Singapore Insurance Fund 2014 12Reporting Cycle:

I819G

ANNUAL RETURN: ANNEX 1E - BREAKDOWN OF OTHER INVESTED ASSETS


Description

Derivatives

Options:

(a) Call options

(b) Put options

(c) Swaptions

(d) Other options

Total investments in options (1 to 4)

Futures contracts:

(a) Currency futures contracts

(b) Interest rate futures contracts

(c) Other futures contracts

Total investments in futures contracts (6 to 8)

Forward contracts:

(a) Currency forward contracts

(b) Interest rate forward contracts

(c) Other forward contracts

Total investments in forward contracts (10 to 12)

Swaps:

(a) Interest rate swaps

(b) Currency swaps

(c) Other swaps

Total investments in swaps (14 to 16)

Other derivatives

Total investments in derivatives (5 + 9 + 13 + 17 + 18)

RowNo.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

NotionalPrincipalAmount

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Amount

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Other invested assets excluding derivatives

13/08/2015 02:26 PM

Total investments in other invested assets excludingderivatives 40 0


13/08/2015 02:26 PM

General: Offshore Insurance Fund 2014 12Reporting Cycle:

I819G

ANNUAL RETURN: ANNEX 1E - BREAKDOWN OF OTHER INVESTED ASSETS


Description

Derivatives

Options:

(a) Call options

(b) Put options

(c) Swaptions

(d) Other options

Total investments in options (1 to 4)

Futures contracts:

(a) Currency futures contracts

(b) Interest rate futures contracts

(c) Other futures contracts

Total investments in futures contracts (6 to 8)

Forward contracts:

(a) Currency forward contracts

(b) Interest rate forward contracts

(c) Other forward contracts

Total investments in forward contracts (10 to 12)

Swaps:

(a) Interest rate swaps

(b) Currency swaps

(c) Other swaps

Total investments in swaps (14 to 16)

Other derivatives

Total investments in derivatives (5 + 9 + 13 + 17 + 18)

RowNo.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

NotionalPrincipalAmount

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Amount

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Other invested assets excluding derivatives

13/08/2015 02:26 PM

Total investments in other invested assets excludingderivatives 40 0


13/08/2015 02:26 PM

2014 12Reporting Cycle:General: Singapore Insurance Fund


ANNUAL RETURN: ANNEX 1F(b) - AGEING OF OUTSTANDING PREMIUMS AND AGENTS' BALANCES OF DIRECTGENERAL INSURER

Description

In respect of direct business

Bad debts written off during the year

Ageing of outstanding premiums and agents' balances:

Outstanding period

Up to 3 months

Above 3 months but not exceeding 6 months


Above 12 months

Gross total (2 to 5)

Provision for doubtful debts

Total outstanding premiums and agents' balances in respect of directbusiness (6 - 7)

In respect of reinsurance business



Outstanding period

RowNo.

1

2

3

4

5

6

7

8

9

Direct Business- Agents

0

18,017,958

3,767,314

220,089

896,531

22,901,892

395,867

22,506,025

Direct Business- Brokers

0

11,139,550

5,220,170

3,007,533

1,741,679

21,108,932

824,505

20,284,427

Direct Business- Others

0

1,125,759

779,954

417,462

201,855

2,525,030

194,210

2,330,820

Amount

0

30,283,267

9,767,438

3,645,084

2,840,065

46,535,854

1,414,582

45,121,272

465,246

13/08/2015 02:26 PM

Up to 6 months



Above 24 months



Total outstanding premiums and agents' balances in respect ofreinsurance business (14 - 15)

Total (8 + 16) = Row 8 of Form 1

10

11

12

13

14

15

16

17

2,121,670

809,848

96,523

20,671

3,048,712

130,974

2,917,738

48,039,010

Note: For direct insurance business, outstanding period starts from date of commencement of the cover.

In respect of reinsurance business, outstanding period commences from the date of premiums are accrued in the books of the licensed insurer.

13/08/2015 02:26 PM

2014 12Reporting Cycle:General: Offshore Insurance Fund


ANNUAL RETURN: ANNEX 1F(b) - AGEING OF OUTSTANDING PREMIUMS AND AGENTS' BALANCES OF DIRECTGENERAL INSURER

Description

In respect of direct business



Outstanding period

Up to 3 months



Above 12 months



Total outstanding premiums and agents' balances in respect of directbusiness (6 - 7)

In respect of reinsurance business



Outstanding period

Up to 6 months

RowNo.

1

2

3

4

5

6

7

8

9

10

Direct Business- Agents

0

63,577

11,423

816

80

75,896

0

75,896

Direct Business- Brokers

0

160,654

176,466

154,058

138,511

629,689

19,816

609,873

Direct Business- Others

0

3,890

2,442

533

71

6,936

0

6,936

Amount

0

228,121

190,331

155,407

138,662

712,521

19,816

692,705

0

2,555,989

13/08/2015 02:26 PM



Above 24 months



Total outstanding premiums and agents' balances in respect ofreinsurance business (14 - 15)

Total (8 + 16) = Row 8 of Form 1

11

12

13

14

15

16

17

485,911

362,526

112,748

3,517,174

71,832

3,445,342

4,138,047

Note: For direct insurance business, outstanding period starts from date of commencement of the cover.

In respect of reinsurance business, outstanding period commences from the date of premiums are accrued in the books of the licensed insurer.

13/08/2015 02:26 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1G - STATEMENT OF REINSURANCE RECOVERABLES

Description

Reinsurance recoveries on unpaid claims

Reinsurance recoverables written off during the year

Ageing of reinsurance recoverables (on paid claims):

Outstanding period

Up to 1 year

Above 1 year but not exceeding 2 years

Above 2 years

Total (3 to 5)

Provision for doubtful reinsurance recoverables

Total (6 - 7) = Row 10 of Form 1

Row No.

1

2

3

4

5

6

7

8

Amount

41,861,208

0

6,276,553

9,451

49,723

6,335,727

40,044

6,295,683

13/08/2015 02:26 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1G - STATEMENT OF REINSURANCE RECOVERABLES

Description

Reinsurance recoveries on unpaid claims

Reinsurance recoverables written off during the year

Ageing of reinsurance recoverables (on paid claims):

Outstanding period

Up to 1 year

Above 1 year but not exceeding 2 years

Above 2 years

Total (3 to 5)

Provision for doubtful reinsurance recoverables

Total (6 - 7) = Row 10 of Form 1

Row No.

1

2

3

4

5

6

7

8

Amount

4,605,540

3,400

1,590,727

5,192

84,608

1,680,527

9,871

1,670,656

13/08/2015 02:26 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1H - FIXED ASSETS

Description

Motor vehicles

Computer equipment

Other fixed assets


Row No.

1

2

3

4

Amount

0

92,325

1,560,665

1,652,990

13/08/2015 02:26 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1H - FIXED ASSETS

Description

Motor vehicles

Computer equipment

Other fixed assets


Row No.

1

2

3

4

Amount

0

0

0

0

13/08/2015 02:26 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1I - INTER-FUND BALANCES AND

Description

Balances due from head office / shareholders fund

Balances due from overseas branches / related corporations

Balances due from other insurance funds established andmaintained under the Act


Row No.

1

2

3

4

Amount

0

434,623

521,492

956,115

INTRA-GROUP BALANCES (DUE FROM)

13/08/2015 02:26 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1I - INTER-FUND BALANCES AND

Description


Balances due from overseas branches / related corporations

Balances due from other insurance funds established andmaintained under the Act


Row No.

1

2

3

4

Amount

0

0

0

0

INTRA-GROUP BALANCES (DUE FROM)

13/08/2015 02:26 PM


Description Row No. Amount

Sundry debtors 1 231,397

Bank charges recoverable 2 297,530

Deposit refundable 3 1,299,273

Deferred tax asset 4 281,775

Prepayment 5 282,336

Deposit on cash collaterals 6 1,851,920

Total = Row 14 of Form 1 26 4,244,231

I819G AXA INSURANCE SINGAPORE PTE LTD

2014 12

ANNUAL RETURN: ANNEX 1J - BREAKDOWN OF OTHER ASSETS

Reporting Cycle:

13/08/2015 02:26 PM



Sundry debtors 1 81,296

Bank charges recoverable 2 16,126

Total = Row 14 of Form 1 26 97,422


2014 12

ANNUAL RETURN: ANNEX 1J - BREAKDOWN OF OTHER ASSETS

Reporting Cycle:

13/08/2015 02:26 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1L - INTER-FUND BALANCES AND

Description

Balances due to head office / shareholders fund

Balances due to overseas branches / related corporations

Balances due to other insurance funds established andmaintained under the Act


Row No.

1

2

3

4

Amount

0

8,260,771

0

8,260,771

INTRA-GROUP BALANCES (DUE TO)

13/08/2015 02:26 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1L - INTER-FUND BALANCES AND

Description


Balances due to overseas branches / related corporations

Balances due to other insurance funds established andmaintained under the Act


Row No.

1

2

3

4

Amount

0

219

521,492

521,711

INTRA-GROUP BALANCES (DUE TO)

13/08/2015 02:26 PM



Investment payable 1 3,063,580

GST payable 2 1,832,981

Provision for expenses 3 36,966,579

Income tax liabilities 4 8,743,547

Sundry creditors 5 8,381,104

Derivative Mark to market losses 6 376,892

Total = Row 23 of Form 1 26 59,364,683

Reporting Cycle: 122014


ANNUAL RETURN: ANNEX 1M - BREAKDOWN OF OTHERS

13/08/2015 02:26 PM



GST payable 1 384

Provision for expenses 2 3,836

Sundry creditors 3 79,474




ANNUAL RETURN: ANNEX 1M - BREAKDOWN OF OTHERS

13/08/2015 02:26 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1N - SURPLUS

Description

Surplus at beginning of period

Net income

Transfer (to) from head office / shareholders fund

Surplus at End of Period (1 to 3) = Row 25 of Form 1

Row No.

1

2

3

4

Amount

288,271,538

45,287,787

-14,034,888

319,524,437

13/08/2015 02:26 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1N - SURPLUS

Description

Surplus at beginning of period

Net income

Transfer (to) from head office / shareholders fund

Surplus at End of Period (1 to 3) = Row 25 of Form 1

Row No.

1

2

3

4

Amount

11,280,203

-3,430,976

4,000,000

11,849,227

13/08/2015 02:26 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1(ii) - INFORMATION IN RESPECT OF REDUCTION IN UNEARNED PREMIUM RESERVES

DUE TO REINSURANCE CEDED TO REINSURERS IN RESPECT OF GENERAL BUSINESS

Description

Licensed insurer / foreign insurer under the foreign insurer scheme

Authorised reinsurer / related corporation / head office / branch of head office of thelicensed insurer

Unlicensed reinsurer

Total (1 to 3)

Row No.

1

2

3

4

Amount

3,416,063

11,423,313

244,983

15,084,359

13/08/2015 02:26:27 PM


122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 1(ii) - INFORMATION IN RESPECT OF REDUCTION IN UNEARNED PREMIUM RESERVES

DUE TO REINSURANCE CEDED TO REINSURERS IN RESPECT OF GENERAL BUSINESS

Description

Licensed insurer / foreign insurer under the foreign insurer scheme

Authorised reinsurer / related corporation / head office / branch of head office of thelicensed insurer


Total (1 to 3)

Row No.

1

2

3

4

Amount

78,284

610,246

21,156

709,686

13/08/2015 02:26:27 PM

Description of Assets and Name of Investee Company

Name of company: -

Equity securities

Debt securities

Secured loans

Unsecured loans


Row No.

1

2

3

4

5

No. of Units

0

0

0

0

0

Cost

0

0

0

0

0

Amount

0

0

0

0

0


A RELATED CORPORATION OF LICENSED INSURER

ANNUAL RETURN: ANNEX 1(iii) - INFORMATION IN RESPECT OF INVESTMENTS IN

Reporting Cycle:

I819G

2014 12


13/08/2015 02:26:46 PM

Description of Assets and Name of Investee Company

Name of company: -

Equity securities

Debt securities

Secured loans

Unsecured loans


Row No.

1

2

3

4

5

No. of Units

0

0

0

0

0

Cost

0

0

0

0

0

Amount

0

0

0

0

0


A RELATED CORPORATION OF LICENSED INSURER

ANNUAL RETURN: ANNEX 1(iii) - INFORMATION IN RESPECT OF INVESTMENTS IN

Reporting Cycle:

I819G

2014 12


13/08/2015 02:26:46 PM


I819G

ANNUAL RETURN: NOTES TO FORM 1



Note 1 The aggregate amounts of loans to and amounts due from - Amount

(a) Directors 0

(b) Employees of the licensed insurer 133970

Note 3 - Description of any change in accounting policies and methodologies in the valuation ofassets and liabilities and the quantification of their effects.

Nil

Note 4 - Description of any prior adjustment and correction for errors and reasons for theadjustments and corrections.

Nil

Note 5 In respect of financial guarantee business - Amount

(a) where premiums are payable in instalments, the present value of futureinstalment premiums payable by the insured in a future accounting period 0

and discount rate used 0

(b) where the premiums are payable in full at the commencement of the policy ofinsurance, the full amount of the premiums payable by the insured in the accountingperiod in which the policy commences.

0

13/08/2015 02:26 PM


I819G




Note 1 The aggregate amounts of loans to and amounts due from - Amount

(a) Directors 0

(b) Employees of the licensed insurer 0

Note 3 - Description of any change in accounting policies and methodologies in the valuation ofassets and liabilities and the quantification of their effects.

Nil

Note 4 - Description of any prior adjustment and correction for errors and reasons for theadjustments and corrections.

Nil

Note 5 In respect of financial guarantee business - Amount

(a) where premiums are payable in instalments, the present value of futureinstalment premiums payable by the insured in a future accounting period 0

and discount rate used 0

(b) where the premiums are payable in full at the commencement of the policy ofinsurance, the full amount of the premiums payable by the insured in the accountingperiod in which the policy commences.

0

13/08/2015 02:26 PM



ANNUAL RETURN: FORM 1 - ADDITIONAL INFORMATION

NIL

13/08/2015 02:26 PM


ANNUAL RETURN: FORM 2 - FUND PROFIT AND LOSS ACCOUNT

Reporting Cycle: 12


Description

Gross premiums

Less: Outward reinsurance premiums

Investment revenue

Less: Investment expenses

Other income

Total Income (1 to 5)

Gross claims settled

Less: Reinsurance recoveries

Management expenses

Distribution expenses

Increase (decrease) in net policy liabilities

Provision for doubtful debts/ bad debts written off on receivables

Taxation expenses

Other expenses

Total Outgo (7 to 14)

Net Income (6 - 15)

Annex

2A

2B

2C

2D

2E

2F

2G

2H

2I

2J

RowNo.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

Amount

415,684,298

47,039,178

18,169,480

567,591

177,488

386,424,497

212,472,618

27,892,308

58,587,997

71,670,960

17,499,223

(108,935)

7,219,892

1,687,263

341,136,710

45,287,787

2014

13/08/2015 02:26 PM


ANNUAL RETURN: FORM 2 - FUND PROFIT AND LOSS ACCOUNT

Reporting Cycle: 12


Description

Gross premiums


Investment revenue


Other income




Management expenses



Provision for doubtful debts/ bad debts written off on receivables

Taxation expenses

Other expenses


Net Income (6 - 15)

Annex

2A

2B

2C

2D

2E

2F

2G

2H

2I

2J

RowNo.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

Amount

18,040,933

3,654,718

94,198

9

195,886

14,676,290

9,094,245

3,085,016

2,085,040

938,466

9,174,613

(169,003)

0

68,921

18,107,266

(3,430,976)

2014

13/08/2015 02:26 PM


122014Reporting Cycle:

ANNUAL RETURN: ANNEX 2B - OUTWARD REINSURANCE PREMIUMS


Description

Licensed insurer / foreign insurer under the foreign insurerscheme

Authorised reinsurer / related corporation / head office / branch ofhead office of the licensed insurer



Row No.

1

2

3

4

Amount

9,193,832

32,706,875

5,138,471

47,039,178

13/08/2015 02:26:48 PM



ANNUAL RETURN: ANNEX 2B - OUTWARD REINSURANCE PREMIUMS


Description

Licensed insurer / foreign insurer under the foreign insurerscheme

Authorised reinsurer / related corporation / head office / branch ofhead office of the licensed insurer



Row No.

1

2

3

4

Amount

322,600

2,640,213

691,905

3,654,718

13/08/2015 02:26:48 PM


Description

Equity securities

Debt securities

Land and Buildings

Loans

Cash and deposits



Row No.

1

2

3

4

5

6

7

Interest / Dividend /Rental Income

819,181

10,059,649

0

0

2,319,594

0

Realised Gains(Losses) From Last

Reported Value /Write-backs(Write-offs)

-32,003

314,849

0

0

-31,428

-11,451,827

Unrealised ChangesFrom Last Reported

Value

1,214,090

15,635,837

0

0

-2,083,755

1,405,293

Amount

2,001,268

26,010,335

0

0

204,411

-10,046,534

18,169,480

122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 2C - INVESTMENT REVENUE

13/08/2015 02:26:32 PM


Description

Equity securities

Debt securities

Land and Buildings

Loans

Cash and deposits



Row No.

1

2

3

4

5

6

7

Interest / Dividend /Rental Income

0

0

0

0

71,076

0

Realised Gains(Losses) From Last

Reported Value /Write-backs(Write-offs)

0

0

0

0

0

0

Unrealised ChangesFrom Last Reported

Value

0

0

0

0

23,122

0

Amount

0

0

0

0

94,198

0

94,198

122014


Reporting Cycle:

ANNUAL RETURN: ANNEX 2C - INVESTMENT REVENUE

13/08/2015 02:26:32 PM



ANNUAL RETURN: ANNEX 2D - BREAKDOWN OF OTHER INCOME



AXA Corporate Solutions (Share of expenses) 1 66,287

Other income 2 111,201


13/08/2015 02:26:49 PM



ANNUAL RETURN: ANNEX 2D - BREAKDOWN OF OTHER INCOME



Other income 1 2,833

Unrealised foreign exchange gain 2 193,053


13/08/2015 02:26:49 PM



ANNUAL RETURN: ANNEX 2F - MANAGEMENT EXPENSES


Description

Staff salaries & expenses

Office rent

Head office / parent company expenses

Directors' fees

Audit fees

Managing agent's fees

Repairs and maintenance

Public utilities

Printing, stationery and periodicals

Postage, telephone and telex charges

Computer charges

Hire of office equipment

Licence and association fees

Advertising and subscriptions

Entertainment

Travelling expenses

Row No.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

Amount

32,950,799

3,432,771

0

149,673

261,687

0

295,381

214,638

408,668

305,780

6,946,811

0

106,860

758,030

94,072

322,394

Bank charges 1 4,902

Donations 2 6,314

Management/Professional fees 3 5,050,489

Office insurance 4 20,877

Rental expenses 5 1,533,700

Others 6 319,812

Development of computer system 7 4,016,206

Offshore processing cost 8 3,112,081

Share option expense 9 259,330

AXA PPP share of expenses 10 -1,983,278

Total = Row 9 of Form 2 27 58,587,997

13/08/2015 02:26:51 PM



ANNUAL RETURN: ANNEX 2F - MANAGEMENT EXPENSES


Description

Staff salaries & expenses

Office rent

Head office / parent company expenses

Directors' fees

Audit fees

Managing agent's fees

Repairs and maintenance

Public utilities

Printing, stationery and periodicals

Postage, telephone and telex charges

Computer charges

Hire of office equipment

Licence and association fees

Advertising and subscriptions

Entertainment

Travelling expenses

Row No.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

Amount

1,172,656

122,166

0

5,327

9,313

0

10,512

7,639

14,544

10,882

247,224

0

3,803

26,977

3,348

11,473

Bank charges 1 174

Donations 2 225

Management/Professional fees 3 179,738

Office insurance 4 743

Rental expenses 5 54,582

Others 6 11,384

Development of computer system 7 142,929

Offshore processing cost 8 110,753

Share option expense 9 9,229

AXA PPP share of expenses 10 -70,581

Total = Row 9 of Form 2 27 2,085,040

13/08/2015 02:26:51 PM


ANNUAL RETURN: ANNEX 2I - BREAKDOWN OF OTHER EXPENSES

Reporting Cycle:

I819G

122014



Depreciation 1 890,743

PPF Levy 2 468,686

Unrealised foreign exchange loss 3 234,098

Realised foreign exchange loss 4 39,720

Other expenses 5 54,016

Total = Row 14 of Form 2 26 1,687,263

13/08/2015 02:26:54 PM


ANNUAL RETURN: ANNEX 2I - BREAKDOWN OF OTHER EXPENSES

Reporting Cycle:

I819G

122014



Depreciation 1 31,700

Realised foreign exchange loss 2 37,221


13/08/2015 02:26:54 PM


Reporting Cycle: 2014 12


NIL

13/08/2015 02:26 PM




ANNUAL RETURN: FORM 6 - STATEMENT OF PREMIUMS, CLAIMS AND UNDERWRITING RESULTS IN RESPECT OF GENERAL BUSINESS

Description

A. PREMIUMS

Gross premiums

Direct business

Reinsurance business accepted -

In Singapore

From other ASEAN countries

From other countries

Total (2 to 4)

Reinsurance business ceded -

In Singapore

To other ASEAN countries

To other countries

Total (6 to 8)

Net premiums written (1 + 5 - 9)

Premium liabilities at beginning of period

Premium liabilities at end of period

Premiums earned during the period (10 + 11 - 12)

B. CLAIMS


Direct business


In Singapore



Total (15 to 17)

Recoveries from reinsurance business ceded -

In Singapore


To other countries

Total (19 to 21)

Net claims settled (14 + 18 - 22)

Claims liabilities at end of period

Claims liabilities at beginning of period

Net claims incurred (23 + 24 - 25)

C. MANAGEMENT EXPENSES

Management Expenses

D. DISTRIBUTION EXPENSES

Commissions

Reinsurance commissions

Net commissions incurred (28 - 29)

Other distribution expenses

E. UNDERWRITING RESULTS

Underwriting gain / (loss) (13 - 26 - 27 - 30 - 31)

F. NET INVESTMENT INCOME

G. OPERATING RESULT (32 + 33)

RowNo.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

Marine andAviation - Cargo

14,206,838

42,305

0

0

42,305

3,944,280

25,585

1,570,164

5,540,029

8,709,114

502,538

494,363

8,717,289

3,820,555

4,206

0

0

4,206

1,543,769

17,119

508,034

2,068,922

1,755,839

2,879,576

3,417,340

1,218,075

4,301,601

2,340,775

713,150

1,627,625

954,368

615,620

415,839

1,031,459

Marine andAviation - Hulland Liability

6,534,612

937,161

0

136,720

1,073,881

360,566

11,371

4,268,346

4,640,283

2,968,210

1,150,248

1,340,024

2,778,434

3,502,077

111,636

0

1,652

113,288

255,171

0

1,898,792

2,153,963

1,461,402

2,946,058

1,673,570

2,733,890

323,586

1,343,903

1,266,334

77,569

48,177

(404,788)

141,725

(263,063)

Fire

22,532,915

2,966,271

7,267

24,642

2,998,180

2,111,234

0

8,835,215

10,946,449

14,584,646

6,189,868

5,393,919

15,380,595

10,245,234

1,281,095

0

0

1,281,095

4,165,414

0

3,031,722

7,197,136

4,329,193

10,516,805

8,842,957

6,003,041

3,155,537

5,022,360

2,936,257

2,086,103

1,264,781

2,871,133

696,381

3,567,514

Motor

196,535,753

12,207

0

0

12,207

85,928

0

1,101,166

1,187,094

195,360,866

85,286,937

78,714,315

201,933,488

114,945,619

16,452

0

0

16,452

1,415

0

214,180

215,595

114,746,476

243,409,953

247,010,795

111,145,634

27,680,289

30,770,354

0

30,770,354

7,702,122

24,635,089

9,327,996

33,963,085

Work InjuryCompensation

49,908,898

2,733,234

0

0

2,733,234

1,668,375

0

203,448

1,871,823

50,770,309

25,814,445

30,767,278

45,817,476

27,599,001

883,242

0

0

883,242

393,011

0

0

393,011

28,089,232

59,504,309

53,171,933

34,421,608

6,878,579

8,363,351

155,904

8,207,447

1,046,265

(4,736,423)

2,424,156

(2,312,267)

PersonalAccident

14,494,344

15,263

0

0

15,263

163,728

0

277,977

441,705

14,067,902

3,268,357

3,495,828

13,840,431

3,858,562

22,430

0

0

22,430

318

0

0

318

3,880,674

3,835,742

2,293,209

5,423,207

3,268,196

2,783,749

20,566

2,763,183

1,441,065

944,780

671,707

1,616,487

Health

63,564,512

0

0

0

0

2,465

0

7,040,788

7,043,253

56,521,259

8,365,859

15,062,324

49,824,794

38,028,256

0

0

0

0

(897)

0

12,742,868

12,741,971

25,286,285

11,042,859

6,547,047

29,782,097

8,545,399

8,356,256

1,033,799

7,322,457

1,789,707

2,385,134

2,698,750

5,083,884

Misc - PublicLiability

9,074,841

70,768

0

0

70,768

428,900

0

824,363

1,253,263

7,892,346

2,489,513

2,669,116

7,712,743

1,829,163

26,773

0

0

26,773

26,494

0

194,457

220,951

1,634,985

11,768,982

13,035,518

368,449

1,040,267

1,409,964

176,160

1,233,804

480,471

4,589,752

376,840

4,966,592

Misc - Bonds

7,250,403

338,302

0

0

338,302

297,184

0

5,658,480

5,955,664

1,633,041

3,045,420

2,355,496

2,322,965

1,443,805

0

0

0

0

0

0

833,596

833,596

610,209

1,030,591

1,155,100

485,700

480,469

1,358,739

2,269,649

(910,910)

346,348

1,921,358

77,974

1,999,332

Misc -Engineering /

CAR / EAR

10,321,281

1,738,902

0

0

1,738,902

443,351

0

4,856,076

5,299,427

6,760,756

3,578,591

4,134,405

6,204,942

2,307,393

9,675

0

0

9,675

491,689

0

847,597

1,339,286

977,782

6,523,753

4,591,233

2,910,302

1,525,544

2,099,538

1,567,271

532,267

1,081,794

155,035

322,809

477,844

Misc -Professional

Indemnity

1,944,290

223

0

0

223

245,257

0

49,903

295,160

1,649,353

389,991

560,433

1,478,911

44,338

0

0

0

0

0

0

0

0

44,338

510,757

477,516

77,579

234,275

294,795

49,706

245,089

118,715

803,253

78,752

882,005

Misc - Credit /Political Risk

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Misc - Others

10,282,846

9,500

0

0

9,500

1,833,832

1

731,195

2,565,028

7,727,318

1,843,920

2,418,261

7,152,977

2,491,255

199

0

0

199

77,572

0

649,987

727,559

1,763,895

3,474,342

3,208,361

2,029,876

1,154,255

1,882,846

493,818

1,389,028

53,131

2,526,687

368,960

2,895,647

Misc - Sub-Total

38,873,661

2,157,695

0

0

2,157,695

3,248,524

1

12,120,017

15,368,542

25,662,814

11,347,435

12,137,711

24,872,538

8,115,954

36,647

0

0

36,647

595,755

0

2,525,637

3,121,392

5,031,209

23,308,425

22,467,728

5,871,906

4,434,810

7,045,882

4,556,604

2,489,278

2,080,459

9,996,085

1,225,335

11,221,420

Total

406,651,533

8,864,136

7,267

161,362

9,032,765

11,585,100

36,957

35,417,121

47,039,178

368,645,120

141,925,687

147,405,762

363,165,045

210,115,258

2,355,708

0

1,652

2,357,360

6,953,956

17,119

20,921,233

27,892,308

184,580,310

357,443,727

345,424,579

196,599,458

58,587,997

66,026,630

10,682,614

55,344,016

16,326,944

36,306,630

17,601,889

53,908,519

13/08/2015 02:26 PM




ANNUAL RETURN: FORM 6 - STATEMENT OF PREMIUMS, CLAIMS AND UNDERWRITING RESULTS IN RESPECT OFGENERAL BUSINESS

Description

A. PREMIUMS

Gross premiums

Direct business


In Singapore



Total (2 to 4)

Reinsurance business ceded -

In Singapore


To other countries

Total (6 to 8)

Net premiums written (1 + 5 - 9)



Premiums earned during the period (10 + 11 - 12)

B. CLAIMS


Direct business


In Singapore



Total (15 to 17)

Recoveries from reinsurance business ceded -

In Singapore


To other countries

Total (19 to 21)

Net claims settled (14 + 18 - 22)

Claims liabilities at end of period

Claims liabilities at beginning of period



Management Expenses


Commissions




E. UNDERWRITING RESULTS

Underwriting gain / (loss) (13 - 26 - 27 - 30 - 31)


G. OPERATING RESULT (32 + 33)

RowNo.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

Marine andAviation - Cargo

345,527

193,685

48,277

21,532

263,494

29,333

12,758

107,999

150,090

458,931

34,843

43,201

450,573

72,521

39,694

2,818

(10,717)

31,795

23,094

0

6,227

29,321

74,995

245,501

174,428

146,068

187,038

153,424

48,190

105,234

0

12,233

3,005

15,238

Marine andAviation - Hulland Liability

1,130,767

1,530,191

768,765

1,346,664

3,645,620

95,565

0

2,319,413

2,414,978

2,361,409

298,943

579,873

2,080,479

1,384,105

623,759

542,011

1,547,745

2,713,515

904,440

0

1,496,151

2,400,591

1,697,029

2,641,191

2,281,966

2,056,254

203,138

903,430

735,435

167,995

0

(346,908)

13,877

(333,031)

Property

43,004

50,816

313,061

9,629,623

9,993,500

126,783

184

200,693

327,660

9,708,844

224,034

58,720

9,874,158

127,565

46,766

475,070

3,766,319

4,288,155

366,913

0

144,502

511,415

3,904,305

18,808,116

10,113,063

12,599,358

1,313,038

441,675

81,533

360,142

0

(4,398,380)

65,861

(4,332,519)

Casualty andOthers

1,493,580

0

320,112

805,329

1,125,441

43,948

0

718,042

761,990

1,857,031

337,340

478,373

1,715,998

419,636

1

15,626

41,326

56,953

510

0

143,179

143,689

332,900

2,087,975

2,303,720

117,155

381,826

367,943

62,848

305,095

0

911,922

11,446

923,368

Total

3,012,878

1,774,692

1,450,215

11,803,148

15,028,055

295,629

12,942

3,346,147

3,654,718

14,386,215

895,160

1,160,167

14,121,208

2,003,827

710,220

1,035,525

5,344,673

7,090,418

1,294,957

0

1,790,059

3,085,016

6,009,229

23,782,783

14,873,177

14,918,835

2,085,040

1,866,472

928,006

938,466

0

(3,821,133)

94,189

(3,726,944)

13/08/2015 02:26 PM


Note 2 - Particulars on reinsurances of special risks other than reinsurances of liabilitiesunder a marine and aviation policy.

NIL

Note 1 - Items in this Form may be allocated according to a reasonable basis used by thelicensed insurer which is acceptable to its external auditor. The bases used shall be stated asa Note to this Form.

BASIS FOR ALLOCATION OF MANAGEMENT EXPENSES AND NET INVESTMENT INCOME TOTHE DIFFERENT LINE OF BUSINESS:MANAGEMENT EXPENSES ARE DIRECTLY CHARGED TO THE DIFFERENT LINES OFBUSINESS AND INDIRECT EXPENSES ARE ALLOCATED USING A COMBINATION OF GROSSWRITTEN PREMIUM, NUMBER OF POLICIES AND CLAIMS HANDLED AND HEADCOUNT,WHERE APPROPRIATE.NET INVESTMENT INCOME:NET INVESTMENT INCOME FOR THE DIFFERENT LINE OF BUSINESS ARE ALLOCATEDACCORDING TO NET WRITTEN PREMIUM.

I819G




13/08/2015 02:27 PM


Note 2 - Particulars on reinsurances of special risks other than reinsurances of liabilitiesunder a marine and aviation policy.

NIL

Note 1 - Items in this Form may be allocated according to a reasonable basis used by thelicensed insurer which is acceptable to its external auditor. The bases used shall be stated asa Note to this Form.

BASIS FOR ALLOCATION OF MANAGEMENT EXPENSES AND NET INVESTMENT INCOME TOTHE DIFFERENT LINE OF BUSINESS:MANAGEMENT EXPENSES ARE DIRECTLY CHARGED TO THE DIFFERENT LINES OFBUSINESS AND INDIRECT EXPENSES ARE ALLOCATED USING A COMBINATION OF GROSSWRITTEN PREMIUM, NUMBER OF POLICIES AND CLAIMS HANDLED AND HEADCOUNT,WHERE APPROPRIATE.NET INVESTMENT INCOME:NET INVESTMENT INCOME FOR THE DIFFERENT LINE OF BUSINESS ARE ALLOCATEDACCORDING TO NET WRITTEN PREMIUM.

I819G




13/08/2015 02:27 PM




Unrealised exchange gain/lossSIF Claims liabilities at beginning of period has been adjusted for unrealized foreign currency loss ofSGD 67,141 to reflect net incurred claims for the quarterOIF Claims liabilities at beginning of period has been adjusted for unrealized foreign currency gain ofSGD 971,696 to reflect net incurred claims for the quarter

13/08/2015 02:26 PM

ANNUAL RETURN: FORM 7 - STATEMENT IN RESPECT OF ACCIDENT AND HEALTH BENEFITS

Reporting Cycle: 2014 12AXA INSURANCE SINGAPORE PTE LTDI819G

Description

A. PREMIUMS

Gross premiums

Reinsurance ceded

Net premiums written (1 - 2)



Premium earned during the period (3 + 4 - 5)

B. CLAIMS


Reinsurance recoveries

Net claims settled (7 - 8)

Claim liabilities at end of period

Claim liabilities at beginning of period



Management expenses


Commissions




E. UNDERWRITING RESULTS (6 - 12 - 13 - 16 - 17)


G. OPERATING RESULTS (18 + 19)

H. OTHERS

Number of policies in force

Number of lives covered under policies in force

Number of claims registered

RowNo.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

Medical Expense

Individual

11,167,203

2,858,980

8,308,223

1,522,758

2,170,764

7,660,217

7,385,202

3,293,607

4,091,595

1,829,007

1,296,403

4,624,199

1,693,698

1,795,556

490,508

1,305,048

457,734

-420,462

394,004

-26,458

3,993

10,073

117

Medical Expense

Group

52,566,413

4,309,435

48,256,978

6,839,121

12,608,532

42,487,567

30,830,714

9,590,738

21,239,976

6,335,690

5,352,767

22,222,899

7,972,598

6,582,595

561,731

6,020,864

2,154,652

4,116,554

2,288,506

6,405,060

1,938

82,749

245

Critical Illness

Individual

29,083

166

28,917

4,029

7,555

25,391

51,589

0

51,589

0

15

51,574

4,411

1,774

48

1,726

1,192

-33,512

1,371

-32,141

35

106

0

Critical Illness

Group

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Disability

Individual

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Disability

Group

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Personal Accident

Individual

4,204,549

152,066

4,052,483

2,463,964

1,058,828

5,457,619

996,894

716

996,178

3,044,375

2,318,636

1,721,917

637,692

751,788

16,782

735,006

172,341

2,190,663

192,182

2,382,845

1,038

5,475

109

Personal Accident

Group

10,852,955

348,570

10,504,385

838,198

2,744,575

8,598,008

2,991,039

318

2,990,721

4,467,620

634,001

6,824,340

1,646,037

2,128,320

14,616

2,113,704

444,853

-2,430,926

498,153

-1,932,773

89

12,762

96

Hospital Cash

Individual

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Hospital Cash

Group

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Total

Individual

15,400,835

3,011,212

12,389,623

3,990,751

3,237,147

13,143,227

8,433,685

3,294,323

5,139,362

4,873,382

3,615,054

6,397,690

2,335,801

2,549,118

507,338

2,041,780

631,267

1,736,689

587,557

2,324,246

5,066

15,654

226

Total

Group

63,419,368

4,658,005

58,761,363

7,677,319

15,353,107

51,085,575

33,821,753

9,591,056

24,230,697

10,803,310

5,986,768

29,047,239

9,618,635

8,710,915

576,347

8,134,568

2,599,505

1,685,628

2,786,659

4,472,287

2,027

95,511

341

Form 7 (b) - Accident and Health Insurance (Short-term)

13/08/2015 02:27 PM

ANNUAL RETURN: NOTES TO FORM 7(b)



Note 1 - Items in this Form may be allocated according to a reasonable basis used by thelicensed insurer. The bases used shall be stated as a Note to this Form.

Nil

13/08/2015 02:27 PM

ANNUAL RETURN: FORM 7(b) - ADDITIONAL INFORMATION



Unrealised exchange gain/lossClaims liabilities at beginning of period has been adjusted for unrealized foreign currency gain of SGD26,521 to reflect net incurred claims for the year

13/08/2015 02:27 PM


ANNUAL RETURN: FORM 8 - BALANCE SHEET IN RESPECT OF GLOBAL BUSINESS OPERATIONS


Description

ASSETSEquity securitiesDebt securitiesLand and buildings

Loans

Cash and depositsOther invested assets



Deposits withheld by cedantsReinsurance recoverables (on paid claims)Income tax recoverables

Fixed assets

Inter-fund balances and intra-group balances (due from)

Other assetsTotal Assets (1 to 14)LIABILITIESPolicy liabilitiesOther liabilities

Outstanding claims Annuities due and unpaid

Reinsurance deposits Amounts owing to insurers Bank loans and overdrafts

Inter-fund balances and intra-group balances (due to) OthersTotal Liabilities (16 to 23)NET ASSETS (15 - 24)SHAREHOLDERS' EQUITY & SURPLUSPaid-up capital

Reserves: Unappropriated profits (losses)

Other reservesSurplus

Total (26 to 29)

RowNo.

123

4

56

7

8

91011

12

13

1415

16

1718

192021

22232425

26

27

2829

30

Business in Singapore- Life Business

000

0

00

0

0

000

0

0

00

0

00

000

0000

0

0

Business in Singapore- General Business

24,704,006575,651,674

0

133,970

265,778,0220

1,247,471

52,177,057

18,952,2187,966,339

0

1,652,990

956,115

4,341,653953,561,515

529,792,439

800,1530

023,364,400

0

8,782,48259,448,377

622,187,851331,373,664

331,373,664

331,373,664

Overseas (Branch)Operations - Life

Business

000

0

00

0

0

000

0

0

00

0

00

000

0000

0

0

Overseas (Branch)Operations - General

Business

000

0

00

0

0

000

0

0

00

0

00

000

0000

0

0

Shareholders Fund

000

8,387

5,019,3850

7,409

0

000

0

0

4,199,6169,234,797

00

000

000

9,234,797

236,800,000

-229,173,001

1,607,798

9,234,797

Total

24,704,006575,651,674

0

142,357

270,797,4070

1,254,880

52,177,057

18,952,2187,966,339

0

1,652,990

956,115

8,541,269962,796,312

529,792,439

800,1530

023,364,400

0

8,782,48259,448,377

622,187,851340,608,461

236,800,000

-229,173,001

1,607,798331,373,664

340,608,461

13/08/2015 02:26 PM

ANNUAL RETURN: ANNEX 8A - STATEMENT OF CHANGES IN EQUITY OF SHAREHOLDERS FUND


12Reporting Cycle: 2014

I819G

Description

Balance at beginning of period

Changes in accounting policy

Increase (decrease) in reserves

Net profit for the period

Dividends paid for the period

Issue of share capital

Transfer (to) from insurance funds maintained in Singapore

Transfer (to) from overseas (branch) operations

Balance at End of Period

Row No.

1

2

3

4

5

6

7

8

9

Paid-up Capital

236,800,000

0

0

0

0

0

0

0

236,800,000

Other Reserves

1,642,686

0

-34,888

0

0

0

0

0

1,607,798

UnappropriatedProfits (Losses)(Please Specify)

-230,170,844

0

0

962,955

-10,000,000

0

10,034,888

0

-229,173,001

Total

8,271,842

0

-34,888

962,955

-10,000,000

0

10,034,888

0

9,234,797

13/08/2015 02:27 PM

ANNUAL RETURN: ANNEX 8B - INTRA-GROUP BALANCES IN RESPECT OF OVERSEAS OPERATIONS(GENERAL BUSINESS)



Description

Due From


Balances due from related corporations

Balances due from insurance funds established and maintained under theAct

Total Balances Due From

Due To


Balances due to related corporations

Balances due to insurance funds established and maintained under the Act

Total Balances Due To

Total Net Balances (4 - 8)

Row No.

1

2

3

4

5

6

7

8

9

Amount

0

0

0

0

0

0

0

0

0

13/08/2015 02:27 PM

2014 12Reporting Cycle:


I819G AXA INSURANCE SINGAPORE PTE LTDI819G

Note 1 Breakdown of "Other Reserves" Row No. Amount

Reserve for Share Scheme 1 1,607,798

13/08/2015 02:26 PM



NIL


13/08/2015 02:26 PM

ANNUAL RETURN: FORM 9 - PROFIT AND LOSS ACCOUNT IN RESPECT OF GLOBAL BUSINESS OPERATIONS



I819G

Description

Gross premiums


Investment revenue


Other income




Management expenses



Provision for doubtful debts / bad debts writtenoff on receivables

Taxation expenses

Other expenses


NET INCOME (6 - 15)

Row No.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

Business inSingapore - Life

Business

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Business inSingapore -

GeneralBusiness

433,725,231

50,693,896

18,263,678

567,600

373,374

401,100,787

221,566,863

30,977,324

60,673,037

72,609,426

26,673,836

-277,938

7,219,892

1,756,184

359,243,976

41,856,811

Overseas(Branch)

Operations -Life Business

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Overseas(Branch)

Operations -General

Business

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

ShareholdersFund

13,637

0

1,531,085

1,544,722

50

0

0

0

581,717

581,767

962,955

Total

433,725,231

50,693,896

18,277,315

567,600

1,904,459

402,645,509

221,566,863

30,977,324

60,673,087

72,609,426

26,673,836

-277,938

7,219,892

2,337,901

359,825,743

42,819,766

13/08/2015 02:27 PM



NIL


13/08/2015 02:27 PM



ANNUAL RETURN: FORM 20 - ACTUARY'S CERTIFICATE ON POLICY LIABILITIES INRESPECT OF GENERAL BUSINESS

ACTUARIAL INVESTIGATION OF POLICY LIABILITIES

Description

Premium Liabilities

Claim Liabilities

Policy Liabilities

Singapore Insurance Fund

147,405,762

357,443,727

504,849,489

Offshore Insurance Fund

1,160,167

23,782,783

24,942,950

I have conducted an investigation into the valuation of policy liabilities relating to general businessas required under section 37 of the Insurance Act and confirm that the valuation is in accordance withall applicable requirements stipulated under the Act and directions issued under the Act, subject tothe qualifications stated below*. I certify these amounts, net of reinsurance, as follows:

*Qualifications (if none, state "none"):

None

13/08/2015 02:27:10 PM




NIL

I819G

13/08/2015 02:27 PM


ANNUAL RETURN: FORM 21 - STATEMENT IN RELATION TO FUND SOLVENCY REQUIREMENT OFINSURANCE FUND

Reporting Cycle:

Description

(i) Financial Resources of Insurance Fund

Balance in the surplus account (of participating fund)

Add:

Allowance for provision for non-guaranteed benefits

(of participating fund): (lower of 3 or 4)

Policy liabilities - minimum condition liability

50% of aggregate of provisions for non-guaranteed benefits and PAD

Surplus of insurance fund (of any other insurance fund)

Less:

Reinsurance adjustment

Financial resource adjustment: (8 to 12)

(a) loans to, guarantees granted for, and other

unsecured amounts owed to the licensed insurer

(b) charged assets

(c) deferred tax assets

(d) intangible assets

(e) other financial resource adjustments

Financial Resources of Insurance Fund

(1 + 2 + 5 - 6 - 7)

(ii) Total Risk Requirement of Insurance Fund

A. Component 1 Requirement - Insurance Risks

Life Insurance Risk Requirement

(for participating fund): (15 + 18)

(a) Policy Liability Risk Requirement:

(zero or 16 - 17, whichever is higher)

Modified minimum condition liability

Minimum condition liability

(b) Surrender Value Condition Risk Requirement:


Aggregate of surrender values of policies of the insurance fund

Higher of 21 or 22:

Sum of total risk requirement and minimum condition

liability of the insurance fund

Policy liabilities of the insurance fund


(other than participating fund) (24 + 27)



Modified policy liabilities

Policy Liabilities




Sum of total risk requirement and policy liabilities of the insurance fund

General Insurance Risk Requirement

(for general business): (31 to 32)

(a) Premium liability risk requirement

(b) Claim liability risk requirement

Total C1 Requirement (14 + 23 + 30)

B. Component 2 Requirement - Investment Risks and Risks arising

from Interest Rate Sensitivity and Foreign Currency Mismatch

between Asset and Liabilities

Equity Investment Risk Requirement (35 to 36)

(a) Specific Risk Requirement

Row No.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

Amount

0

0

297,359

1,676,165

281,775

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

32,853,526

89,026,169

1,976,320

0

0

319,524,437

2,822,215

2,255,299

314,446,923

0

0

121,879,695

121,879,695

3,952,640

2014 12


13/08/2015 02:26:22 PM

(b) General Risk Requirement

Debt Investment and Duration Mismatch Risk Requirement:

(38 or 43, whichever is higher)

(a) Sum of: (39 + 42)

Debt investment risk requirement in an increasing interest rate

environment (40 to 41)

Debt specific risk requirement

Debt general risk requirement

Liability adjustment requirement in an increasing interest rate environment

(b) Sum of: (44 + 47)

Debt investment risk requirement in a decreasing interest rate



Negative of debt general risk requirement

Liability adjustment requirement in a decreasing interest rate environment

Loan Investment Risk Requirement

Property Risk Requirement

Foreign Currency Mismatch Risk Requirement (for Singapore Insurance Fund)

Derivative Counterparty Risk Requirement

Miscellaneous Risk Requirement

Total C2 Requirement (34 + 37 + 48 + 49 + 50 + 51 + 52)

C. Component 3 Requirement - Concentration Risks Counterparty Exposure Equity Securities Exposure Unsecured Loans Exposure Property Exposure Foreign Currency Risk Exposure Exposure to assets in miscellaneous risk requirements

Exposure to non-liquid assets with Singapore Insurance Fund

(for general business)

Total C3 Requirement (54 to 60)

Total Risk Requirement of Insurance Fund (33 + 53 +61)

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

545556575859

60

61

62

1,976,320

20,653,102

20,653,102

8,819,998

11,833,104

0

-3,013,106

-3,013,106

8,819,998

-11,833,104

0

20,653,102

21,435

0

0

44,008

10,648,015

35,319,200

000000

0

0

157,198,895

13/08/2015 02:26:22 PM


ANNUAL RETURN: FORM 21 - STATEMENT IN RELATION TO FUND SOLVENCY REQUIREMENT OFINSURANCE FUND

Reporting Cycle:

Description

(i) Financial Resources of Insurance Fund

Balance in the surplus account (of participating fund)

Add:

Allowance for provision for non-guaranteed benefits

(of participating fund): (lower of 3 or 4)

Policy liabilities - minimum condition liability

50% of aggregate of provisions for non-guaranteed benefits and PAD

Surplus of insurance fund (of any other insurance fund)

Less:



(a) loans to, guarantees granted for, and other

unsecured amounts owed to the licensed insurer

(b) charged assets




Financial Resources of Insurance Fund

(1 + 2 + 5 - 6 - 7)

(ii) Total Risk Requirement of Insurance Fund



(for participating fund): (15 + 18)








Higher of 21 or 22:

Sum of total risk requirement and minimum condition

liability of the insurance fund

Policy liabilities of the insurance fund


(other than participating fund) (24 + 27)




Policy Liabilities




Sum of total risk requirement and policy liabilities of the insurance fund

General Insurance Risk Requirement

(for general business): (31 to 32)




B. Component 2 Requirement - Investment Risks and Risks arising

from Interest Rate Sensitivity and Foreign Currency Mismatch

between Asset and Liabilities

Equity Investment Risk Requirement (35 to 36)




Row No.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

Amount

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

165,867

6,182,154

0

0

0

0

11,849,227

217,290

0

11,631,937

0

0

6,348,021

6,348,021

0

2014 12


13/08/2015 02:26:22 PM


(a) Sum of: (39 + 42)

Debt investment risk requirement in an increasing interest rate





(b) Sum of: (44 + 47)

Debt investment risk requirement in a decreasing interest rate







Foreign Currency Mismatch Risk Requirement (for Singapore Insurance Fund)



Total C2 Requirement (34 + 37 + 48 + 49 + 50 + 51 + 52)

C. Component 3 Requirement - Concentration Risks Counterparty Exposure Equity Securities Exposure Unsecured Loans Exposure Property Exposure Foreign Currency Risk Exposure Exposure to assets in miscellaneous risk requirements

Exposure to non-liquid assets with Singapore Insurance Fund

(for general business)

Total C3 Requirement (54 to 60)

Total Risk Requirement of Insurance Fund (33 + 53 +61)

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

545556575859

60

61

62

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

2,381,878

2,381,878

000000

0

0

8,729,899

13/08/2015 02:26:22 PM




NIL

13/08/2015 02:26:22 PM


ANNUAL RETURN: FORM 22 - STATEMENT IN RELATION TO TOTAL RISK REQUIREMENT OF ASSETS ANDLIABILITIES OF LICENSED INSURER THAT DO NOT BELONG TO ANY INSURANCE FUND ESTABLISHED AND

MAINTAINED UNDER THE ACT


Description

(i) Total Risk Requirement


Life Insurance Risk Requirement:

(for participating business only) (2 + 5)

(a) Policy Liability Risk Requirement: (zero or 3 - 4, whichever is higher)



(b) Surrender Value Condition Risk Requirement: (zero or 6 - 7, whichever is higher)

Aggregate of surrender values of policies

Higher of 8 or 9:

Sum of total risk requirement and minimum condition liability

Policy liabilities

Life Insurance Risk Requirement: (other than participating business) (11 + 14)

(a) Policy Liability Risk Requirement: (zero or 12 - 13, whichever is higher)


Policy liabilities

(b) Surrender Value Condition Risk Requirement: (zero or 15 - 16, whichever is higher)

Aggregate of surrender values of policies

Sum of total risk requirement and policy liabilities

General Insurance Risk Requirement (for general business) (18 to 19)




B. Component 2 Requirement - Investment Risks and Risks arising from Interest

Rate Sensitivity and Foreign Currency Mismatch between Asset and Liabilities

Equity Investment Risk Requirement: (22 to 23)





(a) Sum of: (26 + 29)

Debt investment risk requirement in an increasing interest rate environment

(27 to 28)




(b) Sum of: (31 + 34)

Debt investment risk requirement in a decreasing interest rate environment

(32 to 33)


Row No.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

Amount

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

13/08/2015 02:27:07 PM







Total C2 Requirement (21 + 24 + 35 + 36 + 37 + 38)

Total Risk Requirement of Assets and Liabilities of Licensed Insurer that do not

belong to any insurance fund established and maintained under the Act (20 + 39)

33

34

35

36

37

38

39

40

0

0

1,342

0

0

15,136

16,478

16,478

13/08/2015 02:27:07 PM



NIL


13/08/2015 02:27:07 PM

FORM 23 - STATEMENT IN RELATION TO CAPITAL ADEQUACY REQUIREMENT OF LICENSED INSURER

ANNUAL RETURN



Description

(i) Financial Resources of Licensed Insurer

A. Tier 1 Resource

Aggregate of surpluses of all insurance funds other than a participating fund

Balances in the surplus account of each participating fund

Paid-up ordinary share capital

Unappropriated profits (losses)

Surpluses of Overseas Branch Operations

Irredeemable and non-cumulative preference shares

Any other capital instrument approved by the Authority as a Tier 1 resource

Less:



(a) loans to, guarantees granted for and other unsecured amounts owed to

the licensed insurer

(b) charged assets




Total Tier 1 Resource (1 to 7 less 8 to 9)

B. Tier 2 Resource

Irredeemable and non-cumulative preference shares not recognised

as Tier 1 resource

Irredeemable and non-cumulative preference shares

Other Tier 2 resource

Total Tier 2 Resource (16 to 18)

C. Aggregate of allowance for provisions for non-guaranteed benefits

of participating funds

Financial Resources of Licensed Insurer (higher of $5m or 15 + 19 +20)

(ii) Total Risk Requirement of Licensed Insurer

(a) Total risk requirements of insurance funds established or maintained

under the Act

(b) Total risk requirements of assets and liabilities that do not belong to any

insurance fund established and maintained under the Act

Total Risk Requirement of Licensed Insurer (22 to 23)

CAPITAL ADEQUACY RATIO (21/24)

Row No.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

Amount

297,359

2,023,483

281,775

3,827,367

0

165,928,794

16,478

331,373,664

0

236,800,000

-229,173,001

0

0

0

3,039,505

6,429,984

329,531,174

0

0

0

0

0

329,531,174

165,945,272

198.58 %

I819G

13/08/2015 02:26:24 PM

2014 12Reporting Cycle:

NIL



13/08/2015 02:26:24 PM

Documents

ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET/media/MAS/Statistics/Insurance Returns/annual_G...ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET Reporting Cycle: ... Other invested assets