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					                                    FOOTNOTES
The site contains presentation of the financial reports of 16 Israeli Insurance companies
in 2006.

Concentration of statistical data , their analysis and forms of their representation are
aimed at receiving a global outlook on the insurance branch and its leading indicators in
2006.
The statistical data provided in this site allows to receive a global view on the Israeli
insurance market in 2006 compared to 2005.
16 Israeli Insurance companies, included in this survey, present almost 100% from
total number of " ordinary" Israeli insurance companies. The present publication does
not include insurance companies that deal with specific insurance branches, like:
Avner, Karanit, Credit Insurance company, Foreign Trade Risk Insurance company,
etc.
The companies gradation is basing on their size (premiums and life and non-life
insurance fees – see table 6):

5 major companies:         Clal, Harel, Migdal, Menora, The Phoenix.

3 medium companies         Ayalon, The Magen, Eliahu,

8 small companies:         I.L.D., I.D.I., Clal Health, Shirbit, Bituah Haklai, Dikla, AIG,
                            Shomera.

The site contains compressed financial reports and statistical analysis of the selected
data borrowed from the financial reports . The analysis is accompanied by graphical
illustrations and explanations.

You will also find economic review on the Israeli Insurance market for the period of
2006. All the data have been borrowed from the certified financial reports of the Israeli
insurance companies. Monetary data are presented in thousands NIS, except where other
wise indicated. From rounding of monetary figures into units of thousands, small
discrepancies from the original may arise.We look forward to receiving you remarks and
comments on this publication.
This site contains tables with data from financial reports (basic reports) as well as
statistical data therefrom (specific tables).
Among the basic tables there are: balance sheet-active, balance sheet-passive, profit and
loss report, life insurance business report, non-life insurance business report.
Specific tables contain various comparative data (a company vrs. another one or
comparing to the the average results of the insurance market as for the adjusted period
of the previous year, etc.
To make the orientation easy please find below the list of the companies belonging to
each group:
Migdal group:              Migdal, The Magen.
Clal group:                Clal, Clal Health
Harel group:               Harel, Dikla.

Remarks on definitions and basic tables:

Table 1 - . The companies are graded in descending order according to their non-life
insurance production in the current year.
Table 2 - The companies are graded in descending order according to their life
insurance production in the current year.
Table 3 - Claims: paid claims, change in contingent claims (before reinsurance) ,
expenses connected with claims
Earned premiums: premiums (before reinsurance) and fees, less change in non-expired
risks reserves (before reinsurance), based on form 106: Distribution of capital and
liabilities
Table 4 - Production: Premiums and fees volume - total premiums and fees in life and
non-life insurance (before reinsurance). The companies are graded in descending order
according to shareholders' equity in 2006.
Table 5 - Average capital: the average has been calculated as for the beginning and the
end of the year.
Profit after taxes; as it has been registered in the profit and loss report. The companies
breakdown is based on the average capital in the current year in descending order.
Table 6 - The companies gradation is provided according to their production,
premiums in non-life insurance (descending order).
Table 7 - Companies gradation in descending order according to retention premiums
in non-life insurance in 2006.
Table 8 - Companies gradation in descending order, according to premiums in non-life
insurance in 2006.
Table 9 - Claims: the paid claims plus the change in the pending losses and the
expenses connected with the claims. The companies are graded in descending order by
size of their net claims in the current year.
Table 10 - Claims: paid claims, a change in contingent claims and expenses connected
with claims. Companies gradation in descending order according to size of claims in
2006.
Table 11 - Claims: the paid claims plus the increase in pending losses and expenses
connected with the claims. The companies gradation is based on total claims in the
current year (descending order).
Table 12 - Retention claims: paid claims, a change in contingent claims and expenses
connected with claims, less reinsurance
Table 13-a - Production: insurance fees before reinsurance,
Claims: the paid claims plus the increase in pending losses and expenses connected with
the claims.
The market share of a group is calculated in relation to the total of all the groups plus
the companies that do no belong to any group.
Table 13-b - Production: net premiums and policy fees.
Claims : the paid claims plus the change in the pending losses and the expenses
connected with the claims (after reinsurance deduction).
The market share of a group is calculated regarding the total of all the groups plus the
companies that do not belong to any group.
Table 13-c - Production: premiums (before reinsurance).
Claims: the paid claims plus the change in pending losses.
The market share of a group is calculated in relation to the total of all the groups plus the
companies that do not belong to any group.
Table 13-d - Production: premiums in life insurance and non-life insurance fees
(before reinsurance).
Claims: the paid claims plus the change in pending losses and the expenses connected
with the claims.
The market share of a group is calculated in relation to the total results of all the groups
plus the companies that do not belong to any group.
Table 14 - Purchase expenses: paid commissions , general and management expenses.
Purchase expenses, net: purchase expenses less reinsurance commissions
Premiums: before reinsurance, excluding insurance fees
Retention premiums: premiums less reinsurance, excluding insurance fees
Purchase expenses :paid commissions, general and management expenses
Purchase expenses, net : purchase expenses less reinsurance commissions
Premiums: before reinsurance
Retention premiums: premiums less reinsurance
Table 15 - Purchase expenses: paid commissions , general and management expenses
Purchase expenses, net: purchase expenses less reinsurance fees
Purchase before reinsurance Retention premiums: premiums less reinsurance
Table 16 – administrative and general expenses: total expenses in activities report and
profit and loss report in retention premium.
Table 16-a - sales expenses
Table 17 – premiums, excl. fees (beforereinsurance)
Table 18 – Premiums in the reinsurance, commissions in reinsurance, commissions
against premiums in the reinsurance
Table 19 – Total Balance Sheet – comparative analysis (in descending order)
Table 20 - Assets structure (active) in thousands NIS in the companies’ balance sheets
Table 21 – Life insurance reserves – reserves before reinsurance,
Non-life insurance reserves – non-expired risks reserves before reinsurance
Table 21-a – Life insurance reserves – reserves before reinsurance
Table 22 – Financial Investments – total investments in non-life insurance (form 106)
average balance between the beginning and the end of the year
Table 23 - Profit – before and after tax and net profit, as it has been registered in profit
and loss report.
Table 24 - Gross premiums and policy fees from life and non-life insurance. Profit –
before and after taxes according to the Profit and Loss Report.
Table 25 – Life insurance reserves – reserves before reinsurance, average balance
between the beginning and the end of the year
Claims – as per reinsurance
Table 26 – Comprehensive premium. – total premium and fees in non-life and life
insurance (before reinsurance)
Table 27 - Production: life insurance premiums, non-life insurance fees, total premiums
and fees in life and non-life insurance (before reinsurance).The companies are graded in
accordance with profit from non-life insurance activities (in descending order).
Table 28 - Earned premium - earned insurance fees , registered in Non-Life business
Report. The companies are classified in the descending order, according to the size of the
earned insurance fees in 2006.
Table 29 – Assets for investments – unallocated risks reserves and contingent claims in
non-life insurance after deduction of reinsurance.
Credit balance of the insurance companies and agencies , other creditors and credit
balances (in non-lif insurance) after deduction of debit balances of the insurance
companies and other debitors (in non-life insurance)
Average balance is the average of the beginning and the end of the fiscal year.
Income from investments – in the Non-Life Insurance Business Report.
2.2% credit fees on premium turnover (excl. fees).
Revised profit – Income from investments after credit fees deduction
Table 30 - Growth in reserves- growth of reinsurance share in unallocated risks
reserves in form 106 (assets breakdown)
Profit (and loss) , excl. profit from investments
Paid claims - claims (before reinsurance and in retention) after deduction of change in
contingent claims (before reinsurance and in retention), as registered in form 106.
Table 31 – Paid claims - claims (before reinsurance and retention) after deduction the
change in contingent claims (before reinsurance and in retention), as registered in form
106.
Table 32 – Form 106 – Assets and liabilities distribution - income according to
overlapping liabilities
Table 33 – Form 106 - Assets and liabilities distribution - income according to
overlapping liabilities – in -% from total investments
Table 34 – Form 106 – Distribution of insurance reserves according to overlapping
liabilities
Table 35 – Form 106 – Distribution of insurance reserves according to overlapping
liabilities – in -% from total investments

				
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