Notes | 1 | 2 | 3 | 4 | 5
4. Supplementary income statement
| Rand thousands |
Six months
ended
30 June 2009 Unaudited |
Six months ended
30 June 2008 Unaudited |
% change |
Year ended
31 December 2008
Audited |
| Insurance premium revenue |
2,872,055 |
2,656,792 |
8.1 |
5,316,490 |
| Insurance premium ceded to reinsurers |
(672,143) |
(623,737) |
|
(1,127,520) |
| Net insurance premium revenue |
2,199,912 |
2,033,055 |
|
4,188,970 |
| Net insurance premium earned |
2,221,796 |
2,031,208 |
9.4 |
4,116,395 |
| Net insurance claims |
(1,683,944) |
(1,510,818) |
|
(3,086,303) |
| Commission incurred |
(345,297) |
(305,588) |
|
(642,477) |
| Administrative and other operating expenses |
(217,071) |
(203,984) |
|
(425,698) |
| Net underwriting results |
(24,516) |
10,818 |
|
(38,083) |
| Attributable investment income |
55,263 |
54,811 |
0.8 |
70,075 |
| General insurance result |
30,747 |
65,629 |
(53.2) |
31,992 |
| Impairments on available-for-sale financial assets |
(1,539) |
– |
|
(21,050) |
| Non-technical expenses |
(5,833) |
– |
|
(21,723) |
| Investment income |
85,339 |
24,326 |
|
203,734 |
| Investment expenses |
(1,484) |
(2,470) |
|
(3,960) |
| Net realised gains on disposal of investments |
23,053 |
97,465 |
|
78,301 |
| Profit before tax |
130,283 |
184,950 |
(29.6) |
267,294 |
| Income tax expense |
23,854 |
33,764 |
|
56,838 |
| Profit after tax |
106,429 |
151,186 |
(29.6) |
210,456 |
|