PwC Insurance Facts and Figures 2011 - PricewaterhouseCoopers

Performance:
Result after tax
Current
$m
Prior
$m
Current
$m
Outstanding
claims
Prior
$m
Current
$m
Investment
securities
Financial Position:
Prior
$m
Current
$m
Net assets
Prior
$m
Current
$m
Total assets
1,396 1,970 14,673 14,350 23,012 23,420 10,155 10,298 41,222 40,964
190 247 7,182 6,406 11,734 10,563 4,656 4,836 20,446 19,360
557 416 6,335 6,161 11,151 9,482 8,376 8,357 21,891 21,009
302 335 4,365 4,452 4,277 4,362 1,833 1,808 8,210 7,986
85 64 502 513 1,065 1,003 1,377 1,371 3,641 3,561
35 106 1,061 1,010 1,668 1,643 611 643 3,404 3,024
207 67 1,255 1,166 1,999 1,525 765 531 2,928 2,922
160 175 1,073 1,264 1,606 2,039 595 808 2,725 2,830
191 152 260 282 2,929 2,790 1,799 1,987 3,275 3,170
10 (7) 105 88 208 163 107 98 561 521
112 100 89 71 1,126 682 771 824 1,561 1,554
55 (8) 472 490 938 868 415 359 1,294 1,219
35 49 411 305 1,360 1,193 446 420 2,925 2,589
18 16 48 39 194 196 234 216 572 430
60 16 204 223 395 349 262 199 1,137 1,154
n/a n/a 1,536 920 2,016 1,162 n/a n/a 2,016 1,612
Prior
$m
1 Disclosure of investment result from insurance operations was not available in Wesfarmers’ financial statements
2 Lloyd’s Underwriters are authorised in Australia under special provisions contained in the Insurance Act 1973.
Because of the unique structure of the Lloyd’s market Lloyd’s reports to APRA on a different basis from
Australian general insurers. Lloyd’s is required to maintain onshore assets in trust funds and as at
31 December 2010 its Australian assets comprised of $2,014m in trust funds and a statutory deposit of $2m.
Insurance Facts and Figures 2011 37