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    Insurance Model
     
    See the Industrial Model for line items common to all models.

    Income Statement Items

    Total Premiums: For insurance companies, total premium income (where available) is shown rather than Turnover.

    Total Income:
    PREMIUMS less RE-INSURANCE COST less INCREASE IN UNEARNED PREMIUM PROVISION plus INCOME FROM INVESTMENTS plus INTEREST RECEIVED less OUTSIDE SHAREHOLDERS' INTEREST.

    Total Outgo:
    COMMISSIONS PAID plus ADMINISTRATION COSTS plus INTEREST PAID plus POLICY PAYOUTS

    Inc Over Outgo: Excess income over outgo
    "Net profit" specifically for life assurance companies.

    U/writ Splus: Underwriting Surplus 
    "Net profit" specifically for short term insurance companies.

    NetTaxedSplus: Net taxed surplus 
    Insurance equivalent of income after tax. This is taken before preference dividends and extraordinary items.

    Insurance Model Ratios

    Solvency Mgn: Solvency Margin.
    [(TOTAL SHAREHOLDERS' INTEREST) / (NET PREMIUM INCOME)] * 100 * (NUMBER OF MONTHS/12)
    This gives an indication of how adequate shareholders funds are to cover expected claims (related directly to premium income).

     

     

     

     

     

     

     

     

     

    Total Income:
    PREMIUMS less RE-INSURANCE COST less INCREASE IN UNEARNED PREMIUM PROVISION plus INCOME FROM INVESTMENTS plus INTEREST RECEIVED less OUTSIDE SHAREHOLDERS’ INTEREST.

    Total Outgo:
    COMMISSIONS PAID plus ADMINISTRATION COSTS plus INTEREST PAID plus POLICY PAYOUTS

    Inc Over Outgo: Excess income over outgo
    “Net profit” specifically for life assurance companies.

    U/writ Splus: Underwriting Surplus 
    “Net profit” specifically for short term insurance companies.

    NetTaxedSplus: Net taxed surplus 
    Insurance equivalent of income after tax. This is taken before preference dividends and extraordinary items.

    Insurance Model Ratios

    Solvency Mgn: Solvency Margin.
    [(TOTAL SHAREHOLDERS’ INTEREST) / (NET PREMIUM INCOME)] * 100 * (NUMBER OF MONTHS/12)

    This gives an indication of how adequate shareholders funds are to cover expected claims (related directly to premium income).


    Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
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