Table 60-1
Life, health and medical insurance carriers — Balance sheet and income statement

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Life, health and medical insurance carriers — Balance sheet and income statement
  2007 2008 2009 2010 2011
  millions of dollars
Balance sheet  
Assets 302,541 306,445 340,196 363,181 587,517
Cash and deposits 1,893 2,863 2,241 1,919 2,409
Accounts receivable and accrued revenue 6,881 10,057 10,608 10,734 10,378
Inventories .. .. .. .. ..
Investments 219,217 218,384 248,681 269,901 286,487
Investments and accounts with affiliates 55,061 61,750 82,499 88,243 85,242
Portfolio investments 164,156 156,634 166,182 181,658 201,246
Loans 46,445 46,344 46,401 46,154 46,009
Mortgages 39,903 39,694 39,135 38,678 38,367
Non-mortgages 6,541 6,650 7,266 7,476 7,642
Bank customers' liabilities under acceptances .. .. .. .. ..
Capital assets, net 8,124 9,048 9,448 10,076 11,637
Other assets 19,981 19,749 22,816 24,397 230,597
Liabilities 224,357 225,907 240,961 258,666 497,848
Accounts payable and accrued liabilities 10,122 12,404 11,849 12,919 12,769
Loans and accounts with affiliates 10,193 8,490 16,069 16,829 15,527
Borrowings 11,107 11,928 9,664 11,592 11,246
Loans and other borrowings 4,620 5,348 2,647 4,769 4,189
Bankers' acceptances and paper .. .. .. .. ..
Bonds and debentures 6,108 6,231 6,693 6,514 6,617
Mortgages 379 349 324 308 440
Future income taxes 732 1,366 861 512 26
Bank customers' liabilities under acceptances .. .. .. .. ..
Other liabilities 192,203 191,719 202,519 216,815 458,280
Equity 78,184 80,538 99,235 104,515 89,669
Share capital 22,547 29,746 42,555 46,084 47,958
Contributed surplus and other 1,013 2,758 3,677 3,853 4,499
Retained earnings 54,624 48,034 53,003 54,578 37,212
Income statement  
Operating revenue 54,034 51,002 58,965 61,008 64,725
Sales of goods and services 37,979 39,172 41,497 40,108 39,555
Interest and dividend revenue (operating) 11,204 9,620 12,030 13,465 14,697
Other operating revenue 4,851 2,210 5,438 7,435 10,472
Operating expenses 47,820 39,161 57,112 58,992 64,532
Purchased goods, materials and service 43,693 35,201 52,950 53,681 59,554
Wages, salaries and employee benefits 3,110 2,819 2,677 2,806 2,887
Indirect taxes 481 420 451 1,271 866
Depreciation, depletion and amortization 303 493 831 1,044 991
Interest expense (operating) 217 218 184 176 201
Other operating expenses 15 12 18 14 33
Operating profit/loss 6,214 11,840 1,854 2,016 193
Interest and dividend revenue .. .. .. .. ..
Interest expense on borrowing 841 904 1,027 1,299 1,031
Gains/losses -871 -3,212 2,554 3,571 6,290
Profit before income tax 4,502 7,724 3,380 4,288 5,452
Income tax 1,023 2,200 380 319 906
Equity in affiliates' earnings 2,699 955 4,283 3,170 1,755
Profit before extraordinary gains 6,178 6,480 7,283 7,138 6,301
Extraordinary gains 0 0 0 0 0
Net profit 6,178 6,480 7,283 7,138 6,301
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