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
Table summary
This table displays the balance sheet and income statement data. The row headers provide information on the type of accounts in the balance sheet and income statement. The column headers provide a yearly breakdown for the five years covered in this tabulation. The values are reported in millions of dollars.
  2009 2010 2011 2012 2013
  millions of dollars
Balance sheet  
Assets 340,196 363,181 587,517 623,299 657,988
Cash and deposits 2,241 1,919 2,409 3,963 1,798
Accounts receivable and accrued revenue 10,608 10,734 10,378 11,004 11,649
Inventories .. .. .. .. ..
Investments 248,681 269,901 286,487 300,423 302,817
Investments and accounts with affiliates 82,499 88,243 85,242 88,384 87,717
Portfolio investments 166,182 181,658 201,246 212,038 215,101
Loans 46,401 46,154 46,009 45,115 44,865
Mortgages 39,135 38,678 38,367 37,568 37,316
Non-mortgages 7,266 7,476 7,642 7,546 7,549
Bank customers' liabilities under acceptances .. .. .. .. ..
Capital assets, net 9,448 10,076 11,637 13,563 14,077
Other assets 22,816 24,397 230,597 249,231 282,781
Liabilities 240,961 258,666 497,848 526,729 557,040
Accounts payable and accrued liabilities 11,849 12,919 12,769 12,570 12,879
Loans and accounts with affiliates 16,069 16,829 15,326 15,164 9,918
Borrowings 9,664 11,592 11,447 12,396 12,564
Loans and other borrowings 2,647 4,769 4,189 4,890 4,158
Bankers' acceptances and paper .. .. .. .. ..
Bonds and debentures 6,693 6,514 6,818 6,914 7,665
Mortgages 324 308 440 592 741
Future income taxes 861 512 26 -424 -1,594
Bank customers' liabilities under acceptances .. .. .. .. ..
Other liabilities 202,519 216,815 458,280 487,023 523,273
Equity 99,235 104,515 89,669 96,570 100,948
Share capital 42,555 46,084 47,958 50,926 50,699
Contributed surplus and other 3,677 3,853 4,499 4,961 4,929
Retained earnings 53,003 54,578 37,212 40,682 45,320
Income statement  
Operating revenue 58,965 61,008 64,725 60,921 53,333
Sales of goods and services 41,497 40,108 39,555 41,296 44,452
Interest and dividend revenue (operating) 12,030 13,465 14,697 12,500 10,910
Other operating revenue 5,438 7,435 10,472 7,125 -2,030
Operating expenses 57,112 58,992 64,532 56,487 43,098
Purchased goods, materials and service 52,950 53,681 60,033 51,505 37,697
Wages, salaries and employee benefits 2,677 2,806 2,887 3,250 3,323
Indirect taxes 451 1,271 866 1,241 1,475
Depreciation, depletion and amortization 831 1,044 512 266 277
Interest expense (operating) 184 176 201 199 185
Other operating expenses 18 14 33 27 142
Operating profit/loss 1,854 2,016 193 4,434 10,235
Interest and dividend revenue .. .. .. .. ..
Interest expense on borrowing 1,027 1,299 1,031 1,211 875
Gains/losses 2,554 3,571 6,290 479 -5,154
Profit before income tax 3,380 4,288 5,452 3,703 4,205
Income tax 380 319 906 351 753
Equity in affiliates' earnings 4,283 3,170 1,755 2,465 2,438
Profit before extraordinary gains 7,283 7,138 6,301 5,817 5,890
Extraordinary gains 0 0 0 0 0
Net profit 7,283 7,138 6,301 5,817 5,890
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