| |
|
Long-term insurance |
Short-term insurance |
Total |
| |
|
2006
Rm |
2005
Rm |
2006
Rm |
2005
Rm |
2006
Rm |
2005
Rm |
| 7. |
Income from insurance
activities |
|
|
|
|
|
|
| |
Gross earned premiums |
222 |
149 |
1 544 |
592 |
1 766 |
741 |
| |
Gross written premiums |
222 |
141 |
2 162 |
1 540 |
2 384 |
1 681 |
| |
Less: Movement in unearned premium provision
|
— |
8 |
(618) |
(948) |
(618) |
(940) |
| |
Reinsurers’ share thereof
|
(165) |
(117)
|
(954) |
(372) |
(1 119) |
(489) |
| |
Net earned premiums |
57 |
32 |
590 |
220 |
647 |
252 |
| |
Management fees from insurance
operations |
15 |
12 |
70 |
52 |
85 |
64 |
| |
Net investment income from
insurance operations |
3 |
2 |
97 |
104 |
100 |
106 |
| |
Interest and other investment income |
103 |
64 |
195 |
171 |
298 |
235 |
| |
Less:
Cellowners’ share of
investment income |
(100) |
(62) |
(98)
|
(67) |
(198) |
(129) |
| |
Net expenses of cells |
(23) |
(11) |
(187) |
(25) |
(210) |
(36) |
| |
Net premium and investment
income (per income statement) |
52 |
35 |
570 |
351 |
622 |
386 |
| |
Gross claims and transfers to
policyholders’ funds |
(62) |
(160) |
(775) |
(407) |
(837) |
(567) |
| |
Reinsurers’ share thereof
|
53 |
154 |
314 |
136 |
367 |
290 |
| |
Net claims and transfers
to policyholders’ funds
(per income statement) |
(9) |
(6) |
(461) |
(271) |
(470) |
(277) |
| |
Net income from insurance activities
|
43 |
29 |
109 |
80 |
152 |
109 |
