Page 7 - ANTILLIAANSE DAGBLAD

Antilliaans Dagblad Dinsdag 31 januari 2017 ADVERTENTIE 7

Pan-American Life Insurance Company of Curaçao and St. Maarten N.V.
FINANCIAL HIGHLIGHTS 2015
BALANCE SHEET PAN-AMERICAN PAN-AMERICAN
INSURANCE OF CURAÇAO and ST. MAARTEN
All amounts ANG x 1.000 Life N.V. A&H N.V.
Admissible Assets 2015 2014 2015 2014
Intangibles
Investments:
Real Estate 5.315 5.470
Unconsolidated affiliated Companies and Other Participations
Stocks
Bonds and Other Fixed Income Securities 76.460 76.214 1.649 1.734
Participation in Non-Affiliation Investment Pools
Mortgage Loans
Other loans 15.686 15.405
Deposits with Financial Institutions 562
Other Investments
Current Assets 11.955 11.975 484 330
Other Assets 295 310
From Separate Accounts Statement
TOTAL 109.711 109.936 2.133 2.064
Equity, Provisions and Liabilities
Capital and Surplus:
Capital 402 402 302 302
Surplus 4.349 7.780 1.069 684
Less Treasury Stocks
Subordinated Instruments
Provisions for Insurance Obligations:
Net Technical Provision for Life Insurance 90.680 85.221
Net Technical Provision for Accident and Sickness 2 141
Net Unearned Premium Provisions 183 229
Other Net Policy and Contract Provisions 10.816 9.312 392 239
Current Liabilities 2.697 4.135 187 610
Other Liabilities 765 2.945
Contingent Liabilities
From Separate Accounts Statements
TOTAL 109.711 109.936 2.133 2.064
PROFIT AND LOSS STATEMENT 2015 2014 2015 2014
All amounts ANG x 1.000
Premium and other policy Considerations 18.348 18.854
Net Investment Income and Realized Capital Gains and Losses 6.045 5.754
Net Other Operational income - 128
Net Benefits Incurred 9.728 10.756
Change In Provisions for Insurance Obligations 6.143 4.285
Net Operational Expenditures Incurred 9.087 7.447
Net Transfer to or from Separate Accounts - 157
Other Changes Affecting Net Results 7 (101)
Profit Sharing to Policyholders 1.290 1.425
Net Earned Premiums A&H 1.703 1.369
Net Claims Incurred 224 143
Underwriting Expenses Incurred 302 307
Net Changes in Various provisions 31 45
Net other expenses incurred 674 470
Underwriting Results 472 404
Extraordinary/other results (4) (234) (1) 59
Net Investment Income and Earned and Capital Gains or Losses 113 41
Net Operational Results Before Corporate Taxes and (1.866) 533 584 504
Net Results From Separate Accounts
Corporate Taxes Incurred (508) 461 121 200
Net Operational Results After Corporate Taxes and Net
Results From Separate Accounts (1.358) 72 463 304
Net Operational Results (1.358) 72 463 304
Net Unrealized gains or Losses (2.074) (78)
Net Profit or Loss (3.432) 72 385 304
ANALYSES OF UNASSIGNED EARNINGS
Unassigned Earnings Beginning of the period (2.415) (3.026) 501 197
Net Profit or Loss (3.432) 72 385 304
Distribution of Accumulated Earnings
Other Changes In Unassigned Earnings 2.075 539 78
Unassigned Earnings( End of Year) (3.772) (2.415) 964 501

Investment exhibit Life Company A & H Company
Investments ANG % ANG %
In Curaçao and Sint Maarten 31,180 32.0 1,649 100
Outside Curaçao and Sint Maarten 66,281 68.0 0
Total Investments 97,461 100.0 1,649 100