Financial Planners
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Choices for You... Working for You...
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Choices for You... Working for You...
KNOW THE FINANCIAL STRENGTH OF YOUR INSURER
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Financial Planners
----------------------------------- Choices for You... Working for You... |
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KNOW THE FINANCIAL STRENGTH OF YOUR INSURER |
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CALL US - for a non-obligatory career discussion. |
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| Financial Strength | |||||||||||
| -Solvency Margin - | |||||||||||
| Company | 1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
10 YR AVERAGE |
AIA |
17% | 17% | 11% | 15% | 16% | 15% | 13% | 13% | 14% | 15% | 15% |
Asia Life |
37% | 28% | 29% | 27% | 24% | 22% | 14% | 9% | 8% | 10% | 21% |
AXA Life |
13% | 13% | 11% | 7% | 9% | 2% | 4% | 3% | 5% | 1% | 7% |
Great Eastern Life |
12% | 9% | 6% | 3% | 12% | 13% | 11% | 7% | 9% | 12% | 9% |
AVIVA (ICS) |
15% | 12% | 1% | 2% | 5% | 4% | 4% | 2% | 5% | 7% | 6% |
John Hancock Ass. |
13% | 17% | 16% | 21% | 20% | 18% | 14% | 11% | 12% | - | - |
HSBC Insur (Keppel) |
4% | 4% | 3% | 4% | 5% | 5% | 3% | 2% | 2% | 3% | 4% |
NTUC Income |
12% | 8% | 18% | 14% | 12% | 11% | 8% | 7% | 6% | 9% | 11% |
OAC |
13% | 11% | 8% | 6% | 13% | 11% | 9% | 4% | 6% | 6% | 9% |
Manulife Financial |
6% | 6% | 6% | 6% | 8% | 5% | 4% | 3% | 9% | 13% | 7% |
Prudential Assurance |
14% | 10% | 8% | 11% | 7% | 8% | 5% | 5% | 8% | 8% | 8% |
UOB Life |
0% | 4% | 10% | 1% | 4% | 3% | 0% | 1% | 3% | 3% | 3% |
| Industry Average | 13% | 12% | 11% | 10% | 11% | 10% | 7% | 6% | 7% | 8% | 9% |
| Note : Solvency Margin = Surplus / Liability
Liability is calculated using Net premium valuation Basis Source: Insurance Commissioner Report |
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| Net Rate of Return | |||||||||||
| Life Insurance Companies In Singapore | |||||||||||
| Company | 1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
10 Yrs Aver |
| AIA | 5.6% |
4.9% | 5.0% | 5.0% | 5.4% | 5.7% | 5.4% | 5.0% | 4.9% | 5.2 |
5.2% |
| Asia Life | 7.2% | 5.8% | 6.3% | 8.0% | 4.9% | 5.7% | 5.4% | 4.7% | 6.0% | 7.4% | 6.1% |
| AXA Life | 6.3% | 4.3% | 3.9% | 3.4% | 2.4% |
1.8% | 2.2% | -1.7% | 5.5% | 4.3% | 3.2% |
| Great Eastern Life | 4.0% | 4.1% | 3.6% | 5.0% | 3.6% | 4.0% | 3.8% | 3.0% | 3.8% | 3.8% | 3.9% |
| AVIVA (ICS) | 3.2% | 3.3% | 6.3% | 5.1% | 4.1% | 4.0% | 4.3% | 3.9% | 3.7% | 5.2% | 4.3% |
| John Hancock Ass. | 4.1% | 3.7% | 4.3% | 4.55 | 2.8% | 3.25 | 2.7% | 2.1% | 2.2% | 0.6% | 3.0% |
| HSBC Insur (Keppel) | 3.4% | 3.9% | 3.5% | 6.7% | 22.1% | 1.2% | 0.8% | 0.9% | 1.4% | 2.5% | 4.6% |
| NTUC Income | 4.8% | 4.7% | 4.6% | 5.4% | 3.9% | 4.8% | 4.4% | 3.8% | 4.1% | 3.9% | 4.4% |
| OAC | 4.9% | 4.2% | 5.8% | 5.7% | 5.3% | 4.6% | 3.8% | 3.3% | 3.2% | 3.3% | 4.4% |
| Manulife Financial | 4.5% | 4.1% | 4.0% | 4.8% | 3.3% | 3.3% | 3.4% | 2.7% | 2.4% | 1.4% | 3.4% |
| Prudential Assur | 3.7% | 3.3% | 3.4% | 3.5% | 3.2% | 3.6% | 4.3% | 3.9% | 4.0% | 4.0% | 3.7% |
| UOB Life | 2.8% | 3.1% | 3.4% | 4.3% | 3.4% | 2.7% | 2.5% | 3.2% | 3.6% | 4.1% | 3.3% |
| Industry Average | 4.5% | 4.1% | 4.5% | 5.1% | 5.4% | 3.7% | 3.6% | 2.9% | 3.7% | 3.8% | 4.1% |
| Source: Insurance Commissioner Report | |||||||||||