AXA INSURANCE SINGAPORE PTE LTD I819G ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET Reporting Cycle: General: Singapore Insurance Fund 12 2014 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 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 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
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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
AXA INSURANCE SINGAPORE PTE LTDI819G
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
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
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
General: Singapore Insurance Fund
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
AXA INSURANCE SINGAPORE PTE LTDI819G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1A - INVESTMENT IN EQUITY SECURITIES
13/08/2015 02:26:27 PM
General: Offshore Insurance Fund
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
0
0
Unlisted
0
0
Amount
0
0
0
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1A - INVESTMENT IN EQUITY SECURITIES
13/08/2015 02:26:27 PM
General: Singapore Insurance Fund
Description
Government debt securities
Qualifying debt securities
Other debt securities
Total (1 to 3) = Row 2 of Form 1
Row No.
1
2
3
4
Amount
40,699,242
515,433,654
19,518,778
575,651,674
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1B - INVESTMENT IN DEBT SECURITIES
13/08/2015 02:26:27 PM
General: Offshore Insurance Fund
Description
Government debt securities
Qualifying debt securities
Other debt securities
Total (1 to 3) = Row 2 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1B - INVESTMENT IN DEBT SECURITIES
13/08/2015 02:26:27 PM
General: Singapore Insurance Fund
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
General: Offshore Insurance Fund
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
General: Singapore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1D - INVESTMENT IN LOANS
Description
Policy loans
Mortgage loans
Other secured loans
Unsecured loans
Total (1 to 4) = Row 4 of Form 1
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
General: Offshore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1D - INVESTMENT IN LOANS
Description
Policy loans
Mortgage loans
Other secured loans
Unsecured loans
Total (1 to 4) = Row 4 of Form 1
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
AXA INSURANCE SINGAPORE PTE LTD
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
Total = Row 6 of Form 1 41 0
13/08/2015 02:26 PM
General: Offshore Insurance Fund 2014 12Reporting Cycle:
I819G
ANNUAL RETURN: ANNEX 1E - BREAKDOWN OF OTHER INVESTED ASSETS
AXA INSURANCE SINGAPORE PTE LTD
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
Total = Row 6 of Form 1 41 0
13/08/2015 02:26 PM
2014 12Reporting Cycle:General: Singapore Insurance Fund
AXA INSURANCE SINGAPORE PTE LTDI819G
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 6 months but not exceeding 12 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
Bad debts written off during the year
Ageing of outstanding premiums and agents' balances:
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 6 months but not exceeding 12 months
Above 12 months but not exceeding 24 months
Above 24 months
Gross total (10 to 13)
Provision for doubtful debts
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
AXA INSURANCE SINGAPORE PTE LTDI819G
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 6 months but not exceeding 12 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
Bad debts written off during the year
Ageing of outstanding premiums and agents' balances:
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 6 months but not exceeding 12 months
Above 12 months but not exceeding 24 months
Above 24 months
Gross total (10 to 13)
Provision for doubtful debts
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
General: Singapore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
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
General: Offshore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
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
General: Singapore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1H - FIXED ASSETS
Description
Motor vehicles
Computer equipment
Other fixed assets
Total (1 to 3) = Row 12 of Form 1
Row No.
1
2
3
4
Amount
0
92,325
1,560,665
1,652,990
13/08/2015 02:26 PM
General: Offshore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
Reporting Cycle:
ANNUAL RETURN: ANNEX 1H - FIXED ASSETS
Description
Motor vehicles
Computer equipment
Other fixed assets
Total (1 to 3) = Row 12 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
13/08/2015 02:26 PM
General: Singapore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
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
Total (1 to 3) = Row 13 of Form 1
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
General: Offshore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
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
Total (1 to 3) = Row 13 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
INTRA-GROUP BALANCES (DUE FROM)
13/08/2015 02:26 PM
General: Singapore Insurance Fund
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
General: Offshore Insurance Fund
Description Row No. Amount
Sundry debtors 1 81,296
Bank charges recoverable 2 16,126
Total = Row 14 of Form 1 26 97,422
I819G AXA INSURANCE SINGAPORE PTE LTD
2014 12
ANNUAL RETURN: ANNEX 1J - BREAKDOWN OF OTHER ASSETS
Reporting Cycle:
13/08/2015 02:26 PM
General: Singapore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
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
Total (1 to 3) = Row 22 of Form 1
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
General: Offshore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
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
Total (1 to 3) = Row 22 of Form 1
Row No.
1
2
3
4
Amount
0
219
521,492
521,711
INTRA-GROUP BALANCES (DUE TO)
13/08/2015 02:26 PM
General: Singapore Insurance Fund
Description Row No. Amount
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
I819G AXA INSURANCE SINGAPORE PTE LTD
ANNUAL RETURN: ANNEX 1M - BREAKDOWN OF OTHERS
13/08/2015 02:26 PM
General: Offshore Insurance Fund
Description Row No. Amount
GST payable 1 384
Provision for expenses 2 3,836
Sundry creditors 3 79,474
Total = Row 23 of Form 1 26 83,694
Reporting Cycle: 122014
I819G AXA INSURANCE SINGAPORE PTE LTD
ANNUAL RETURN: ANNEX 1M - BREAKDOWN OF OTHERS
13/08/2015 02:26 PM
General: Singapore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
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
General: Offshore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
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
General: Singapore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
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
General: Offshore Insurance Fund
122014
AXA INSURANCE SINGAPORE PTE LTDI819G
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
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
Other invested assets
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
AXA INSURANCE SINGAPORE PTE LTD
A RELATED CORPORATION OF LICENSED INSURER
ANNUAL RETURN: ANNEX 1(iii) - INFORMATION IN RESPECT OF INVESTMENTS IN
Reporting Cycle:
I819G
2014 12
General: Singapore Insurance Fund
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
Other invested assets
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
AXA INSURANCE SINGAPORE PTE LTD
A RELATED CORPORATION OF LICENSED INSURER
ANNUAL RETURN: ANNEX 1(iii) - INFORMATION IN RESPECT OF INVESTMENTS IN
Reporting Cycle:
I819G
2014 12
General: Offshore Insurance Fund
13/08/2015 02:26:46 PM
General: Singapore Insurance Fund
I819G
ANNUAL RETURN: NOTES TO FORM 1
Reporting Cycle: 122014
AXA INSURANCE SINGAPORE PTE LTD
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
General: Offshore Insurance Fund
I819G
ANNUAL RETURN: NOTES TO FORM 1
Reporting Cycle: 122014
AXA INSURANCE SINGAPORE PTE LTD
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
I819G AXA INSURANCE SINGAPORE PTE LTD
Reporting Cycle: 122014
ANNUAL RETURN: FORM 1 - ADDITIONAL INFORMATION
NIL
13/08/2015 02:26 PM
AXA INSURANCE SINGAPORE PTE LTDI819G
ANNUAL RETURN: FORM 2 - FUND PROFIT AND LOSS ACCOUNT
Reporting Cycle: 12
General: Singapore Insurance Fund
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
AXA INSURANCE SINGAPORE PTE LTDI819G
ANNUAL RETURN: FORM 2 - FUND PROFIT AND LOSS ACCOUNT
Reporting Cycle: 12
General: Offshore Insurance Fund
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
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
Reporting Cycle: 2014 12
ANNUAL RETURN: NOTES TO FORM 6
AXA INSURANCE SINGAPORE PTE LTD
13/08/2015 02:27 PM
General: Offshore Insurance Fund
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
Reporting Cycle: 2014 12
ANNUAL RETURN: NOTES TO FORM 6
AXA INSURANCE SINGAPORE PTE LTD
13/08/2015 02:27 PM
ANNUAL RETURN: FORM 6 - ADDITIONAL INFORMATION
122014Reporting Cycle:
AXA INSURANCE SINGAPORE PTE LTDI819G
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
Form 7 (b) - Accident and Health Insurance (Short-term)
13/08/2015 02:27 PM
ANNUAL RETURN: NOTES TO FORM 7(b)
122014Reporting Cycle:
AXA INSURANCE SINGAPORE PTE LTDI819G
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
122014Reporting Cycle:
AXA INSURANCE SINGAPORE PTE LTDI819G
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
I819G AXA INSURANCE SINGAPORE PTE LTD
ANNUAL RETURN: FORM 8 - BALANCE SHEET IN RESPECT OF GLOBAL BUSINESS OPERATIONS
Reporting Cycle: 122014
Description
ASSETSEquity securitiesDebt securitiesLand and buildings
Loans
Cash and depositsOther invested assets
Investment income due or accrued
Outstanding premiums and agents' balances
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
AXA INSURANCE SINGAPORE PTE LTD
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)
12Reporting Cycle: 2014
AXA INSURANCE SINGAPORE PTE LTDI819G
Description
Due From
Balances due from head office / shareholders fund
Balances due from related corporations
Balances due from insurance funds established and maintained under theAct
Total Balances Due From
Due To
Balances due to head office / shareholders fund
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:
ANNUAL RETURN: NOTES TO FORM 8
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
ANNUAL RETURN: FORM 8 - ADDITIONAL INFORMATION
122014Reporting Cycle:
NIL
AXA INSURANCE SINGAPORE PTE LTDI819G
13/08/2015 02:26 PM
ANNUAL RETURN: FORM 9 - PROFIT AND LOSS ACCOUNT IN RESPECT OF GLOBAL BUSINESS OPERATIONS
AXA INSURANCE SINGAPORE PTE LTD
12Reporting Cycle: 2014
I819G
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 writtenoff on receivables
Taxation expenses
Other expenses
Total Outgo (7 to 14)
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
ANNUAL RETURN: FORM 9 - ADDITIONAL INFORMATION
122014Reporting Cycle:
NIL
AXA INSURANCE SINGAPORE PTE LTDI819G
13/08/2015 02:27 PM
AXA INSURANCE SINGAPORE PTE LTDI819G
122014Reporting Cycle:
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
AXA INSURANCE SINGAPORE PTE LTD
ANNUAL RETURN: FORM 20 - ADDITIONAL INFORMATION
122014Reporting Cycle:
NIL
I819G
13/08/2015 02:27 PM
General: Singapore Insurance Fund
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:
(zero or 19 - 20, whichever is higher)
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
Life Insurance Risk Requirement
(other than participating fund) (24 + 27)
(a) Policy Liability Risk Requirement:
(zero or 25 - 26, whichever is higher)
Modified policy liabilities
Policy Liabilities
(b) Surrender Value Condition Risk Requirement:
(zero or 28 - 29, whichever is higher)
Aggregate of surrender values of policies of the insurance fund
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
I819G AXA INSURANCE SINGAPORE PTE LTD
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
environment (45 to 46)
Debt specific risk requirement
Negative of debt general risk requirement
Liability adjustment requirement in a decreasing interest rate environment
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
AXA INSURANCE SINGAPORE PTE LTDI819G
122014Reporting Cycle:
ANNUAL RETURN: FORM 21 - ADDITIONAL INFORMATION
NIL
13/08/2015 02:26:22 PM
122014Reporting Cycle:
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
AXA INSURANCE SINGAPORE PTE LTDI819G
Description
(i) Total Risk Requirement
A. Component 1 Requirement - Insurance Risks
Life Insurance Risk Requirement:
(for participating business only) (2 + 5)
(a) Policy Liability Risk Requirement: (zero or 3 - 4, whichever is higher)
Modified minimum condition liability
Minimum condition liability
(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)
Modified policy liabilities
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)
(a) Premium liability risk requirement
(b) Claim liability risk requirement
Total C1 Requirement (1 + 10 + 17)
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) Specific Risk Requirement
(b) General Risk Requirement
Debt Investment and Duration Mismatch Risk Requirement:
(25 or 30, whichever is higher)
(a) Sum of: (26 + 29)
Debt investment risk requirement in an increasing interest rate environment
(27 to 28)
Debt specific risk requirement
Debt general risk requirement
Liability adjustment requirement in an increasing interest rate environment
(b) Sum of: (31 + 34)
Debt investment risk requirement in a decreasing interest rate environment
(32 to 33)
Debt 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
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
Negative of debt general risk requirement
Liability adjustment requirement in a decreasing interest rate environment