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If You Are a
Buyer...
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If You Are an
Financial Adviser... |
| Is'nt these your consideration? |
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If You Are a
Buyer...
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If You Are an
Financial Adviser... |
| Is'nt these your consideration? |
|
| 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 |
| 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
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