1ST QTR RESULTS 2013

Gross Premium All figures in S$'000

CLASS
1st Quarter
2012 2013 Diff %
A. Cargo 30,488 28,483 -2,005 -6.58%
B. Hull 34,773 33,273 -1,500 -4.31%
C. Fire 108,501 114,652 6,151 5.67%
D. Motor 372,222 367,551 -4,671 -1.25%
E. WIC 102,310 112,825 10,516 10.28%
F. Personal Accident 71,644 78,698 7,054 9.85%
G. Health 83,903 102,942 19,039 22.69%
H. Misc
Breakdown of Misc Public Liability 37,786 39,794 2,008 5.31%
Bonds 29,230 30,661 1,431 4.89%
Engineering/CAR/EAR 28,577 28,220 -357 -1.25%
Professional Indemnity 20,845 21,427 582 2.79%
Credit Insurance 8,252 6,188 -2,065 -25.02%
Others 34,683 32,929 -1.754 -5.06%
Misc Total 159,373 159,218 -155 -0.10%
TOTAL 963,213 997,641 34,428 3.57%


Net Incurred Claims All figures in S$'000

  CLASS Net Incurred Claims
1st Quarter
    2012 2013 Diff %
A. Cargo 2,740 3,823 1,084 39.6%
B. Hull 8,054 11,709 3,655 45.4%
C. Fire -1,167 9,488 10,655 913.0%
D. Motor 182,029 188,512 6,483 3.6%
E. WIC 43,471 46,869 3,398 7.8%
F. Personal Accident 15,343 14,812 -531 -3.5%
G. Health 20,415 26,619 6,204 30.4%
H. Misc
Breakdown of Misc Public Liability 5,395 7,815 2,420 44.86%
Bonds 3,073 4,618 1,544 50.24%
Engineering/CAR/EAR 3,187 2,712 -475 -14.89%
Professional Indemnity 5,389 5,578 189 3.51%
Credit Insurance -46 -41 5 11.34%
Others 3,253 5,978 2,725 83.79%
Misc Total 20,250 26,660 6,410 31.65%
TOTAL 291,135 328,492 37,357 12.8%


Underwriting Profit/(Loss) All figures in S$'000

  CLASS Underwriting Profit / (Loss)
1st Quarter
    2012 2013 Diff %
A. Cargo 10,043 7,309 -2,734 -27.2%
B. Hull 2,832 -220 -3,052 -107.8%
C. Fire 21,226 9,158 -12,067 -56.9%
D. Motor 11,913 5,393 -6,521 -54.7%
E. WIC -913 -5,634 6,547 717.3%
F. Personal Accident 5,966 8,851 2,886 48.4%
G. Health 5,764 2,741 -3,023 -52.4%
H. Misc
Breakdown of Misc Public Liability 5,004 3,093 -1,911 -38.18%
Bonds 6,636 5,518 -1,118 -16.85%
Engineering/CAR/EAR 3,747 3,038 -709 -18.93%
Professional Indemnity 3,150 3,639 490 15.55%
Credit Insurance 63 146 83 132.35%
Others 8,382 2,936 -5,447 -64.98%
Misc Total 26,982 18,371 -8,611 -31.92%
TOTAL 83,814 57,237 -26,577 -31.7%