Table 61-1
Property and casualty insurance carriers — Balance sheet and income statement

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Property and casualty insurance carriers — Balance sheet and income statement
  2007 2008 2009 2010 2011
  millions of dollars
Balance sheet  
Assets 122,958 129,824 128,107 132,399 137,062
Cash and deposits 2,778 5,794 3,050 3,150 3,071
Accounts receivable and accrued revenue 12,537 13,067 12,533 12,985 13,570
Inventories .. 4 3 .. ..
Investments 86,732 87,748 93,901 98,543 100,829
Investments and accounts with affiliates 3,083 3,727 3,836 3,862 4,253
Portfolio investments 83,649 84,021 90,065 94,681 96,576
Loans 1,697 1,399 1,484 1,413 1,655
Mortgages 1,397 1,399 1,484 1,413 1,655
Non-mortgages 300 .. .. .. ..
Bank customers' liabilities under acceptances .. .. .. .. ..
Capital assets, net 1,019 1,213 1,293 1,365 1,570
Other assets 18,195 20,600 15,844 14,943 16,367
Liabilities 88,024 94,724 92,652 95,515 98,973
Accounts payable and accrued liabilities 52,228 57,764 57,952 60,039 61,861
Loans and accounts with affiliates 569 663 627 898 855
Borrowings 159 106 117 111 176
Loans and other borrowings 134 106 117 111 176
Bankers' acceptances and paper .. .. .. .. ..
Bonds and debentures .. .. .. .. ..
Mortgages 26 0 0 0 0
Future income taxes -482 -375 -452 -474 -449
Bank customers' liabilities under acceptances .. .. .. .. ..
Other liabilities 35,549 36,566 34,406 34,942 36,530
Equity 34,935 35,100 35,456 36,884 38,089
Share capital 5,292 5,844 6,708 7,510 10,173
Contributed surplus and other 1,220 2,448 2,444 1,976 1,229
Retained earnings 28,423 26,809 26,303 27,397 26,687
Income statement  
Operating revenue 43,216 42,922 43,661 44,839 46,900
Sales of goods and services 38,031 38,286 39,041 39,950 41,472
Interest and dividend revenue (operating) 3,306 3,716 3,642 3,527 3,459
Other operating revenue 1,879 919 978 1,362 1,968
Operating expenses 36,298 38,757 39,293 40,113 41,868
Purchased goods, materials and service 33,244 35,121 35,621 36,355 37,950
Wages, salaries and employee benefits 2,870 3,251 3,268 3,366 3,503
Indirect taxes 80 261 274 260 264
Depreciation, depletion and amortization 88 107 118 126 145
Interest expense (operating) .. .. .. .. ..
Other operating expenses 16 17 11 6 7
Operating profit/loss 6,918 4,165 4,369 4,726 5,031
Interest and dividend revenue 513 .. .. .. ..
Interest expense on borrowing 31 28 36 15 42
Gains/losses 94 -586 -247 -64 -96
Profit before income tax 7,493 3,551 4,086 4,647 4,894
Income tax 1,864 647 829 1,196 1,260
Equity in affiliates' earnings 139 40 101 144 260
Profit before extraordinary gains 5,769 2,944 3,358 3,595 3,894
Extraordinary gains -1 0 0 0 0
Net profit 5,769 2,944 3,358 3,595 3,894
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