| |
|
Long-term
insurance |
Short-term
insurance |
Total |
Total |
| |
|
2009
Rm |
2008
Rm |
2009
Rm |
2008
Rm |
2009
Rm |
2008
Rm |
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5. |
NET PREMIUM AND INVESTMENT
INCOME FROM INSURANCE
OPERATIONS |
|
|
|
|
|
|
| |
Gross earned premiums |
551 |
435 |
2 404 |
2 082 |
2 955 |
2 517 |
| |
Gross written premiums |
551 |
435 |
2 531 |
2 187 |
3 082 |
2 622 |
| |
Less: Movement in unearned premium provision |
— |
— |
(127) |
(105) |
(127) |
(105) |
| |
Reinsurers’ share thereof |
(472) |
(366) |
(1 618) |
(1 237) |
(2 090) |
(1 603) |
| |
Net earned premiums |
79 |
69 |
786 |
845 |
865 |
914 |
| |
Management fees from insurance operations |
26 |
21 |
95 |
77 |
121 |
98 |
| |
Net investment income from insurance operations |
11 |
8 |
165 |
39 |
176 |
47 |
| |
Net expenses of insurance contracts |
(9) |
(8) |
(94) |
(182) |
(103) |
(190) |
| |
Net premium and investment income (per income statement) |
107 |
90 |
952 |
779 |
1 059 |
869 |
| |
Gross claims and transfers to policyholders’ funds |
(193) |
(141) |
(1 464) |
(1 427) |
(1 657) |
(1 568) |
| |
Reinsurers’ share thereof |
162 |
126 |
838 |
914 |
1 000 |
1 040 |
| |
Net claims and transfers to policyholders’ funds (per income statement) |
(31) |
(15) |
(626) |
(513) |
(657) |
(528) |
| |
Net income from insurance operations |
76 |
75 |
326 |
266 |
402 |
341 |
