Page 8 - Djaluna 16 yuli 2018.pdf

8 Djaluna 16 Yüli 2018

SAGICOR LIFE INC -
CURAÇAO AND ST MAARTEN BRANCH

FINANCIAL HIGHLIGHTS FOR THE YEAR ENDED DECEMBER 31, 2017

BALANCE SHEET PROFIT AND LOSS STATEMENT
(In Thousands of NAf) (In Thousands of NAf)
CURRENT PREVIOUS CURRENT PREVIOUS
ASSETS
YEAR YEAR YEAR
1. Premium and Other Policy Considerations 34,825 36,419
1. Non-Admissible Assets 2,778 6,134 2. Net Investment Income and Realized
2. Investments: Capital Gains and Losses 9,024 8,267
2.1 Real Estate 2,349 2,397 3. Net Other Operational Income 605 190
2.2 Unconsolidated Affiliated Companies 4. Net Benefits Incurred 19,683 20,015
and Other Participations - - 5. Change In Provisions for Insurance
10,777 8,350
2.3 Stocks 684 - Obligations
2.4 Bonds and Other Fixed Income 6. Net Operational Expenditures Incurred 14,966 16,276
91,304 76,130
Securities 7. Net Other Operational Expenditures
2.5 Participation in Non-Affiliated Incurred 494 571
Investment Pools - - 8. Net Transfers to or from Separate
2.6 Mortgage Loans 3,666 1,372 Accounts - -
2.7 Other Loans 15,124 14,179 9. Other Changes Affecting Net Results - -
2.8 Deposits with Financial Institutions 46,145 45,190 10. Profit Sharing to Policyholders 270 344
2.9 Other Investments 6,510 16,168 11. Extraordinary Results - -
3. Current Assets 60,695 56,123 12. Net Operational Results Before Corporate
Taxes and Net Results From Separate
4. Other Assets - -
Accounts (1,736) (680)
5. From Separate Accounts Statement - -
13. Corporate Taxes Incurred 868 1,759
14. Net Operational Results After Corporate
TOTAL 229,255 217,693
Taxes and Before Net Results From
Separate Accounts (2,604) (2,439)
EQUITY, PROVISIONS AND LIABILITIES 15. Net Results from Separate Accounts - -
16. Net Operational Results (2,604) (2,439)
6. Capital and Surplus: 17. Net Unrealized Gains or Losses - -
6.1 Capital - - 18. Net Loss (2,604) (2,439)
6.2 Surplus 71,837 11,958
6.3 Less Treasury Stock - -
7. Subordinated Instruments - -
8. Provisions for Insurance Obligations:
ANALYSIS OF UNASSIGNED EARNINGS
8.1 Net Technical Provision for Life
Insurances 124,504 173,247 19. Unassigned Earnings (Beginning of Year) (5,233) 11,606
8.2 Net Technical Provision for Accident A. Net loss (2,604) (2,439)
and Sickness 544 633 B. Distribution of Accumulated Earnings - -
8.3 Net Other Technical Provisions - - C. Other Changes In Unassigned Earnings 60,717 (14,400)
8.4 Other Net Policy and Contract 20. Unassigned Earnings (End of Year) 52,880 (5,233)
18,952 20,359
Provisions
9. Current Liabilities 13,418 11,496
10. Other Liabilities - -
11. Contingent Liabilities - -
12. From Separate Accounts Statement - -

TOTAL 229,255 217,693

These annual statements have been approved for issue by the Board of
Directors on July 02, 2018

Director Director