2328 2006
3,455,980,000 H 11,141,800,00069% AIG9.9%60,993 PICC 2006 45.1% 4,500 95518 www.e-picc.com.cn
2 3 5 9 22 29 31 46 47 48 49 50 52 53 118 119
50,571 54,968 62,003 65,914 71,348 1,045 1,496 436 1,508 604 648 690 1,326 1,478 1,689 (645) 260 (988) (336) 2,326 994 2,288 395 1,945 3,800 (716) (837) (261) (1,005) (1,718) 278 1,451 134 940 2,082 71,626 84,572 90,757 95,112 106,124 61,333 67,815 74,604 77,314 85,397 2,000 2,000 2,000 3,000 10,293 16,757 16,153 17,798 20,727 2 2006
5,641.4 14.4%1,509.4 22.6% 713.48 8.2% 556.164.2% 6.04 59.9%98.9% 40.15 251.6%20.82 121.5% 10.8% 101.6% 1,061.24 11.6%45.1% 2006 3
4 2006
AIG AIA AIG OBE 2006 5
OBE Australian Casualty and Life Insurance Co. Ltd. Mercer, Campbell, Cook & Knight IFAA 6 2006
2006 7
8 2006
1 45.1% 55,616 53,384 604 1,508 2,082 940 106,124 95,112 (%) (%) 100.0 100.0 (69.4) (68.1) (16.0) (15.0) (1.1) (1.0) (12.4) (13.1) 1.1 2.8 3.0 2.8 4.2 (0.6) (0.4) (0.3) (0.2) (0.3) 6.8 3.7 (3.1) (1.9) 3.7 1.8 69.4 68.1 29.5 29.1 98.9 97.2 1 2006 9
(%) (%) 74.6 72.9 10.3 11.4 3.7 4.3 3.9 3.6 3.3 3.3 4.2 4.5 100 100 78.5 75.9 10.6 12.4 1.9 2.7 2.9 3.6 2.6 1.9 3.5 3.5 100 100 78.1 78.4 9.1 10.3 3.5 4.7 3.5 3.7 2.9 3.3 2.9 (0.4) 100 100 10 2006
713.48 659.1454.34 8.2%) 53.36 4.76 95518 www.e-picc.com.cn 556.16 533.8422.32 4.2%) 26.04 16.89 14.78 2.11 1.06 0.62 23.26 3.3626.62 26.46 386.16 363.35 22.816.3%)68.1%69.4% 275.9327.02 302.95 3.09 2006 11
4.452.42 11.75 88.82 80.01 11.0% 1% 6.10 5.3713.6% 1.38 1.43 2.09 1.810.28 0.26 69.04 70.03 1.4%1.63 38.00 19.45 18.55 17.18 10.057.13 51.7% 45.2% 9.4011.42 20.820.187 12 2006
97.2% 98.9% 68.1% 69.4%29.1% 29.5% 49,837 44,501 41,502 38,898 (30,295) (27,593) (6,935) (6,270) (467) (390) 3,805 4,645 73.0% 70.9% 17.8% 17.1% 90.8% 88.0% 498.37 445.01 53.3612.0% 415.02 388.98 26.046.7% 24.90 52.22 302.95 275.93 27.029.8%70.9% 73.0% 23.22 4.38 0.58 955182006 2006 13
69.35 62.7010.6% 4.67 3.90 19.7% 17.1% 17.8% 38.05 46.4518.1% 8,193 8,669 5,747 6,100 (4,074) (4,519) (805) (828) (55) (60) 813 693 70.9% 74.1% 15.0% 14.6% 85.9% 88.7% 81.93 86.69 4.765.5% 57.47 61.00 3.535.8%4.76 0.410.82 40.74 45.19 9.8%5.64 2.46 3.65 8.05 8.28 0.55 0.60 8.3% 14 2006
14.6% 15.0% 8.13 6.9317.3% 2,763 2,793 2,073 2,269 (744) (986) (315) (377) (21) (21) 993 885 35.9% 43.5% 16.2% 17.5% 52.1% 61.0% 27.63 27.93 0.301.1% 20.73 22.69 1.968.6%1.29 0.37 7.44 9.86 24.5% 1.01 43.5% 35.9% 3.15 3.770.62 0.21 17.5% 16.2% 9.93 8.8512.2% 2006 15
3,013 2,561 2,160 1,923 (1,123) (1,300) (309) (298) (23) (19) 705 306 52.0% 67.6% 15.4% 16.5% 67.4% 84.1% 30.13 25.61 4.5217.6% 21.60 19.23 2.3712.3%1.32 0.83 11.23 13.00 13.6%1.52 67.6% 52.0% 3.09 2.980.11 0.23 0.19 0.0421.1% 16.5% 15.4% 7.05 3.06130.4% 16 2006
2,561 2,371 1,827 1,777 (1,004) (695) (262) (261) (18) (18) 543 803 55.0% 39.1% 15.3% 15.7% 70.3% 54.8% 25.61 23.71 1.908.0% 18.27 17.77 0.502.8% 0.42 1.82 10.04 6.95 44.5%2.52 1.711.14 39.1% 55.0% 2.62 2.61 0.18 15.7% 15.3% 5.43 8.0332.4% 2006 17
202 42160 34 225 128 2006 56 5,324 2,651 (912) (956) 1,299 (2,075) 5,711 (380) 53.24100.8% 74.8718.47 9.12 0.447.23 5.82 12.99 20.7530 208.02 6.11 57.11 18 2006
30 10 20 100 9.54 11 91.43 123.44 135% 114 4 4 3.81 2006 19
77.6% 79.21.6 AA A.M. Best A- 20 2006
5.50 1.6020% 60,993 46.65 2006 21
47117 2 30 31 49 22 2006
19 7,206 10% A.M. Best Standard & Poor s 1 A.M. Best Standard & Poor s 3,371 MUNICH RE 2,917 A+ A+ SWISS RE 1,225 A+ AA AIG2 739 A+ AA+ Lloyd s Syndicates 270 A A 1. 2. AIG 2006 23
58 12 13 49(a) 24 2006
352 AIG 49 2006 25
336 7,685,820,000 100% 69.0% H H AIG1 1,103,038,000 31.92% 9.9% Birmingham Fire 562,549,380 16.28% 5.05% Insurance Company of Pennsylvania 1 Commerce and Industry 330,911,400 9.58% 2.97% Insurance Company 1 Lexington Insurance 209,577,220 6.06% 1.88% Company1 Morgan Stanley 402,123,169 11.64% 3.61% 148,466,645 4.30% 1.33% JPMorgan Chase & Co. / 175,856,024 5.09% 1.58% / 2 / 1. Birmingham Fire Insurance Company of Pennsylvania, Commerce and Industry Insurance Company, Lexington Insurance Company AIG 2. 175,856,02464,476,0001,630111,378,394 336 26 2006
31% 49 1. 2. 3. 4. 49 (i) (v)(vii) 1. 2. 3. 4. 49 (i) (v)(vii) 14A 2006 27
28 2006
42005 2005 94 20052006 4 4 2005 2006 10 2006 2006 29
2007 30 2006
B.1.1 B.1.1 4205 44 2006 31
4 143 4 A.1 A.3 A.4 A.6 A.1 A.3 A.4 A.6 32 2006
544 5/5 100% 5/5 100% 5/5 100% 2/5 40% 5/5 100% 5/5 100% 4/4 100% 3/3 100% 2/2 100% 5/5 100% 5/5 100% 5/5 100% 2/2 100% 1. 2. 3. 2006 33
4 20 B.1.1 34 2006
36 37 2006 35
37 38 1,546 412100% 4/4 3/3 4/4 1/1 100% 100% 100% 100% 1. 2. 36 2006
2006 37
B.1.1 B.1.1 41 38 2006
12 483 100% 4/4 4/4 4/4 3/3 4/4 4/4 4/4 100% 100% 100% 100% 100% 100% 100% 2006 39
72 43 44 40 2006
211 45 2006 41
1 42 2006
37 1 2006 43
4 9 100% / 3/3 2/2 3/3 3/3 100% 100% 100% 100% 44 2006
/ 1/1 1/1 1/1 1/1 100% 100% 100% 100% 10% 15 3% 10 2 2006 45
47117 8 18 46 2006
2006 2005 4, 5 71,348 65,914 4, 5 55,616 53,384 4, 6 (38,616) (36,335) 4, 25 (8,882) (8,001) 4, 35 (610) (537) (6,904) (7,003) 604 1,508 7 1,689 1,478 8 2,326 (336) 4 (138) (143) 9 (426) (305) 85 26 (133) (102) 10 (209) (181) 2 11 3,800 1,945 14 (1,718) (1,005) 2,082 940 15 0.187 0.084 16 0.072 2006 47
2006 2005 17 21,606 15,895 18 6,768 11,641 19 6 20 22,889 18,524 21 7,962 2,840 22 2,910 2,910 23 2,228 2,228 24 3,960 3,767 38 4,881 5,967 25 6,817 5,719 198 178 26 2,709 2,500 39 4,864 5,185 27 1,858 1,213 28 162 30 10,031 10,576 31 443 213 32 1,872 1,756 33 3,960 4,000 106,124 95,112 34 3,391 3,531 35 217 195 325 404 36 6,628 6,009 37 1,905 551 25 1,315 1,642 38 36,842 32,507 39 22,880 22,026 40 8,894 8,449 41 3,000 2,000 85,397 77,314 43 11,142 11,142 9,585 6,656 20,727 17,798 106,124 95,112 48 2006
11,142 4,739 (452) 6 3 715 16,153 1,135 1,135 11,142 4,739 (452) 6 3 1,850 17,288 188 188 120 120 245 245 (181) (181) 372 372 940 940 (802) (802) 95 48 (143) 11,142 4,739 (80) 101 51 1,845 17,798 11,142 4,739 (80) 101 51 883 16,836 962 962 11,142 4,739 (80) 101 51 1,845 17,798 1,295 1,295 6 6 (38) (38) (414) (2) (416) 843 4 847 2,082 2,082 51 (51) 11,142 4,739* 763* 4* 152* 3,927* 20,727 * 95.852005 66.56 2006 49
2006 2005 3,800 1,945 7 (1,689) (1,478) 8 (2,326) 336 138 143 9 426 305 (2) 11, 30 933 1,096 11, 31 15 6 11, 33 102 93 11 3 8 10 209 181 11 86 136 (279) (1,431) (1,425) (131) (20) 108 (209) (1,511) (463) 1,468 (140) 2,220 22 (904) 406 (47) 5,421 56 1,175 981 6,183 3,580 (859) (929) 5,324 2,651 1,373 1,415 36 35 98 52 (45) (41) (954) (1,677) 128 66 (160) (32,586) (19,713) 26,812 18,825 3 (7,203) (11,725) 3 11,589 11,807 (912) (956).. 50 2006
2006 2005 (912) (956) 3,000 (2,000) 200 (611) 307 (480) (208) (182) (802) 1,299 (2,075) 5,711 (380) 15,895 16,275 21,606 15,895 17 25 25 17 12,623 13,116 3 17 307 3 17 8,651 2,754 21,606 15,895 2006 51
2006 2005 17 21,603 15,895 18 6,768 11,641 19 6 20 22,889 18,524 21 7,962 2,840 22 2,910 2,910 23 2,228 2,228 24 3,960 3,767 38 4,881 5,967 25 6,817 5,719 198 178 26 2,709 2,500 39 4,864 5,185 27 1,858 1,213 28 160 29 3 30 10,031 10,576 31 443 213 32 1,872 1,756 33 3,960 4,000 106,122 95,112 34 3,391 3,531 35 217 195 325 404 36 6,628 6,009 37 1,905 551 25 1,315 1,642 38 36,842 32,507 39 22,880 22,026 40 8,894 8,449 41 3,000 2,000 85,397 77,314 43 11,142 11,142 9,583 6,656 20,725 17,798 106,122 95,112 52 2006
1. 69 4 2.1 2282005 105,2282005 2006 53
2.2 39 394 39 394 39 37 18 4 2.3 1 7 8-7 -8-9 -10-11 -12 29 2 54 2006
2.3 1 7 8 14-7-8-9 -10-11-12 178 2006 55
2.4 (a) 2006 2005 1 1 1,732 1,694 98 1,830 1,694 (297) (571) (559) (868) (559) 962 1,135 2006 2005 12 31 1,964 1,732 80 98 2,044 1,830 (242) (297) (648) (571) (890) (868) 1,154 962 56 2006
2.4 (b) 2006 2005 12 31 3,907 3,582 (3,093) (3,209) (527) (631) (95) 85 192 (173) 0.017 (0.016) 2.5 20% 2006 57
2.5 (a) (b) (c) (d) (e) (i) (ii)(iii) (a) (c) (c) (d) 2.77% 19.40% 16.17% 24.25% 8.82% 32.30% 58 2006
2.5 3% 3035 2006 59
2.5 39 (i) (ii) (iii) 60 2006
2.5 2006 61
2.5 (a) (b) 62 2006
2.5 (i) (ii) (iii) 2006 63
2.5 64 2006
2.5 3 4 2006 65
2.5 365 66 2006
2.5 2006 67
2.5 13.0% 39.5% -(Black-Scholes)44 (a) (b) (c) (d) 68 2006
2.5 10% 50% 25% 2006 69
3. 39 39 (a) (b) 70 2006
3. 27 4. (a) (b) (c) (d) (e) (f) 2006 71
4. 2006 2005 49,837 44,501 8,193 8,669 2,763 2,793 3,013 2,561 2,561 2,371 4,981 5,019 71,348 65,914 41,502 38,898 5,747 6,100 2,073 2,269 2,160 1,923 1,827 1,777 2,307 2,417 55,616 53,384 271 255 64 (123) 72 2006
4. 2006 2005 (30,295) (27,593) (4,074) (4,519) (744) (986) (1,123) (1,300) (1,004) (695) (1,376) (1,242) (38,616) (36,335) (6,935) (6,270) (805) (828) (315) (377) (309) (298) (262) (261) (256) 33 (8,882) (8,001) (467) (390) (55) (60) (21) (21) (23) (19) (18) (18) (26) (29) (610) (537) (138) (143) 3,805 4,645 813 693 993 885 705 306 543 803 846 1,168 7,705 8,500 2006 73
4. 2006 2005 1,418 1,223 2,262 (213) (6,904) (7,003) (426) (305) 85 26 (133) (102) (209) (181) 2 3,800 1,945 (1,718) (1,005) 2,082 940 2006 2005 10,141 10,570 4,343 4,650 639 550 1,047 820 952 676 6,109 5,872 23,231 23,138 82,893 71,974 106,124 95,112 74 2006
4. 2006 2005 42,090 38,296 6,323 6,766 1,492 1,346 2,622 2,211 2,256 1,747 18,756 17,325 73,539 67,691 11,858 9,623 85,397 77,314 5. 2006 2005 71,300 65,898 48 16 71,348 65,914 71,348 65,914 (10,311) (12,474) 61,037 53,440 (5,421) (56) 55,616 53,384 2006 75
6. 2006 2005 44,432 42,426 (6,991) (7,072) 37,441 35,354 39 1,175 981 38,616 36,335 7. 2006 2005 761 725 647 541 147 141 98 36 36 35 1,689 1,478 76 2006
8. 2006 2005 47 180 (17) (40) (246) (210) 2,667 21 (84) 5 (245) 2,372 (294) (46) (42) 2,326 (336) 9. 2006 2005 (403) (310) 8 7 (31) (2) (426) (305) 2006 77
10. 2006 2005 111 110 56 30 42 41 209 181 11. 2006 2005 18 15 30 933 1,096 31 15 6 33 102 93 12 4,665 4,634 102 10 409 432 86 136 394 336 3 8 78 2006
12. 161 2006 2005 2,841 2,436 4,636 3,999 2,272 17,570 1,833 850 754 25,897 11,294 (a) 2006 2005 293 303 295 302 293 303 295 21 1,176 929 2005 2006 79
12. (b) 2006 137 863 2,299 159 3,458 137 820 1,876 152 2,985 137 699 1,366 120 2,322 137 737 1,391 125 2,390 137 1,127 1,264 137 1,603 1,740 137 1,416 1,553 431 431 353 629 71 1,053 137 820 2,104 152 3,213 137 1,673 1,810 137 344 1,655 71 2,207 295 295 1,665 4,636 17,570 850 24,721 44 80 2006
12. (b) 2005 137 737 505 220 132 1,731 137 700 480 220 127 1,664 137 537 299 158 103 1,234 137 567 316 158 108 1,286 137 493 104 107 95 936 137 158 295 137 158 295 137 118 255 137 700 480 220 127 1,664 137 158 295 137 265 88 158 62 710 1,507 3,999 2,272 1,833 754 10,365 13. 2006 81
14. 33% 200533% 2006 2005 780 1,043 37 938 (38) 1,718 1,005 2006 2005 % % 3,800 1,945 33% 1,254 33.0 642 33.0 (144) (3.8) (98) (5.0) 608 16.0 461 23.7 1,718 45.2 1,005 51.7 15. 20.822005 9.40 111.422005111.42 16. 2005 8.02 2005 82 2006
17. 2006 2005 2006 2005 25 25 25 25 12,623 13,116 12,620 13,116 3 307 307 3 8,651 2,754 8,651 2,754 21,606 15,895 21,603 15,895 3 2.172005 1.95 35 0.302005 0.64 2006 83
18. 2006 2005 1,093 3,107 2,785 838 3 2,890 7,696 6,768 11,641 39 19. 2006 2005 6 7 2.781% 2007 8 30 1 2.980% 2011 12 6 550 84 2006
19. 400 2005 2 2005 20. 2006 2005 12,404 9,630 1,278 544 13,682 10,174 1,527 4,053 3,507 1,889 4,173 2,408 9,207 8,350 22,889 18,524 1,273 3,398 21,616 15,126 22,889 18,524 0.902005 5.63 1.96% 4.68 2006 85
20. 1.20 21. 2006 2005 3,043 2,262 3,871 189 6,914 2,451 1,048 389 7,962 2,840 4,167 2,840 3,795 7,962 2,840 86 2006
22. 2006 2005 2,910 2,910 30.882005 31.80 23. 20% 24. 2006 2005 4,343 4,064 (383) (297) 3,960 3,767 2006 2005 3 3,287 3,163 36 466 457 6 207 147 3,960 3,767 2006 87
25. 5,719 (1,642) 4,077 13,242 (2,935) 10,307 (12,144) 3,262 (8,882) 6,817 (1,315) 5,502 6,100 (2,153) 3,947 11,708 (3,577) 8,131 (12,089) 4,088 (8,001) 5,719 (1,642) 4,077 2006 2005 1 6,043 (1,166) 4,877 4,978 (1,429) 3,549 1 774 (149) 625 741 (213) 528 6,817 (1,315) 5,502 5,719 (1,642) 4,077 26. 2006 2005 3 2,554 2,316 36 41 31 6 114 153 2,709 2,500 88 2006
27. 2006 2005 616 434 624 163 49(c)) 155 618 461 1,858 1,213 1.162005 12 31 1.20 20 4.682005 28. 2006 2005 2006 2005 160 162 162 160 800 20 2006 89
28. 2006 2005 845 37 68 9 0.1020050.09 3649(c) 29. 2006 2005 3 * 0.5 100 * 0.5 90 * 1.0 100 * 0.1 100 * 90 2006
30. 9,873 1,446 2,610 13,929 65 148 185 398 32 355 11 366 31 (279) (279) (152) (150) (181) (483) 9,862 1,444 2,625 13,931 (1,092) (994) (1,267) (3,353) (339) (140) (454) (933) 31 34 34 31 144 177 352 (1,366) (990) (1,544) (3,900) 8,496 454 1,081 10,031 9,850 1,472 2,155 13,477 5 122 574 701 32 60 60 (42) (148) (119) (309) 9,873 1,446 2,610 13,929 (752) (880) (880) (2,512) (345) (257) (494) (1,096) 5 143 107 255 (1,092) (994) (1,267) (3,353) 8,781 452 1,343 10,576 2006 91
30. 7.332005 3.85 18.742005 19.38 31. 2006 2005 269 189 80 30 279 548 269 (56) (50) (15) (6) 30 (34) (105) (56) 443 213 6.122005 2.94 92 2006
32. 2006 2005 1,756 949 522 887 30 (366) (60) 33 (40) (20) 1,872 1,756 33. 2006 2005 4,000 4,065 22 28 32 40 (102) (93) 3,960 4,000 2006 2005 90 92 3,870 3,908 3,960 4,000 2006 93
34. 2006 2005 3,322 3,169 69 362 3,391 3,531 3 35. 2006 2005 195 1,099 610 537 (1,210) (588) (231) 217 195 1% 6% 20056% 94 2006
36. 2006 2005 2,333 1,827 1,461 1,710 200 49(c)) 26 116 116 128 49(c)) 10 49(c)) 9 44 84 10 2,398 2,209 6,628 6,009 2006 95
37. 267 37 225 444 268 1,241 2.4(a) 98 98 267 37 225 542 268 1,339 14 (520 ) (35 ) (108 ) 75 (588 ) (414 ) (2 ) (416 ) (253 ) (377 ) (2 ) 190 434 343 335 (3 ) (1,316 ) (1,319 ) 2.4(a) (571 ) (571 ) (3 ) (1,887 ) (1,890 ) 14 14 (363 ) (1 ) (350 ) 11 (2,250 ) (1 ) (2,240 ) (1,905 ) 96 2006
37. 334 163 209 710 189 1,605 334 163 209 710 189 1,605 14 (67) 55 16 (168) 79 (85) (181) (181) 267 37 225 542 268 1,339 (1,454) (1,454) (559) (559) (2,013) (2,013) 14 (3) 126 123 (3) (1,887) (1,890) (551) 2006 97
37. 38. 2006 2005 32,507 (5,967) 26,540 30,803 (4,319) 26,484 33,808 4,908 38,716 29,952 (5,498) 24,454 (29,473) (3,822) (33,295) (28,248) 3,850 (24,398) 36,842 (4,881) 31,961 32,507 (5,967) 26,540 1 32,367 (4,038) 28,329 28,305 (5,204) 23,101 1 4,475 (843) 3,632 4,202 (763) 3,439 36,842 (4,881) 31,961 32,507 (5,967) 26,540 39. 2006 2005 22,026 (5,185) 16,841 21,817 (5,957) 15,860 45,286 (6,670) 38,616 42,635 (6,300) 36,335 (44,432) 6,991 (37,441) (42,426) 7,072 (35,354) 22,880 (4,864) 18,016 22,026 (5,185) 16,841 1 17,330 (3,603) 13,727 16,033 (3,059) 12,974 1 5,550 (1,261) 4,289 5,993 (2,126) 3,867 22,880 (4,864) 18,016 22,026 (5,185) 16,841 98 2006
40. 2006 2005 6,742 6,158 2,152 2,291 8,894 8,449 1 35 41. 20 90% 30 1054.08%6.08% 5 34.252005 26.74 2006 99
42. (a) Bornheutter-Ferguson Bornheutter-Ferguson Bornheutter-Ferguson 180.16 39 1 2.15 100 2006
42. (a) 2001 2002 2003 2004 2005 2006 35,469 41,015 39,768 42,674 1 33,297 37,724 40,758 40,397 2 28,078 34,081 38,706 41,334 3 28,198 34,192 38,803 4 28,229 34,215 5 28,175 28,175 34,215 38,803 41,334 40,397 42,674 225,598 (28,138 ) (33,688 ) (38,483 ) (40,168 ) (36,818 ) (26,039 ) (203,334 ) 37 527 320 1,166 3,579 16,635 22,264 616 22,880 101 2006
42. (a) 2001 2002 2003 2004 2005 2006 27,215 33,316 32,788 35,405 1 25,631 29,421 33,119 33,406 2 21,779 26,357 30,225 33,651 3 21,863 26,274 30,306 4 21,877 26,242 5 21,813 21,813 26,242 30,306 33,651 33,406 35,405 180,823 (21,790 ) (25,988 ) (30,125 ) (32,906 ) (30,724 ) (21,871 ) (163,404 ) 23 254 181 745 2,682 13,534 17,419 597 18,016 102 2006
42. (b) 5% 375.132005 96.10 43. 2006 2005 7,685,820,0001.00 7,686 7,686 3,455,980,0001.00H 3,456 3,456 11,142 11,142 103 2006
44. H 1 H 10%12 1% 5 2 3 4 5 25% 50% 75% 100%5 5 (i)h(ii) H H 104 2006
44. 2006 2005 000 (HK$) 000 (HK$) 136,515 1.90 28,356 1.80 8,624 1.93 109,698 1.93 (4,770) 1.92 (614) 1.80 (23,297) 1.88 (925) 1.80 117,072 1.91 136,515 1.90 21,562 7,244 36 84 10 45 3 3.42 4.30 1.80-1.93 1.80-1.93 3.00 2.58 1.022005 0.10 105 2006
44. 2006 2005 (%) 1.850 (%) 38.78 32.70 (%) 38.78 32.70 (%) 3.316 3.240 2-3 3-4 (HK$) 3.990 2.225 45. (a) (1) 3 163.532005 168.11 20 AA 106 2006
45. (a) (1) 3 A.M. Best A 18.452005 21.11 (2) 20% 200517% 3 60% 200555% 107 2006
45. (a) (3) (i) 118.512005 120.89 (ii) 1 7 108 2006
45. (a) (3) (ii) 2006 2005 0.72%-4.50% 0.72%-4.38% 1.71%-10.58% 1.89%-11.50% 2.52%-2.98% 0.76%-11.83% 0.34%-11.83% 4.87%-5.17% 4.87%-5.17% 2.25% 2.25% 2.25%-2.52% 2.25% 2.20%-3.84% 2.20%-2.63% 1.98% 4.95% 5.51% 109 2006
45. (a) (3) (ii) 1 1-2 2-3 3-4 4-5 5 8,958 8,958 2,139 300 200 250 2,889 2,855 2,708 5,158 607 3,305 6,081 20,714 2,228 2,228 (69) (69) (200) (200) (5,597) (443) (702) (6,742) (3,000) (3,000) 1 1-2 2-3 3-4 4-5 5 12,648 12,648 206 39 77 50 3,507 3,879 6 6 73 1,493 114 495 2,175 1,220 1,600 90 2,910 110 2006
45. (a) (3) (ii) 1 1-2 2-3 3-4 4-5 5 2,754 2,754 7,076 300 20 300 7,696 1,248 2,087 3,081 3,891 1,162 4,011 15,480 2,228 2,228 (362) (362) (2,275) (3,883) (6,158) 1 1-2 2-3 3-4 4-5 5 13,141 13,141 923 241 40 320 173 2,248 3,945 1,204 24 1,127 689 3,044 1,220 1,690 2,910 (2,000) (2,000) 1 111 2006
45. (b) 2006 2005 33,065 27,292 30,070 23,607 6,140 5,258 5,699 4,619 10,508 9,370 9,833 8,264 8,008 7,120 7,792 6,518 13,627 11,997 12,520 10,432 71,348 61,037 65,914 53,440 112 2006
46. 47. 1 20 14 2006 2005 1 257 310 2-5 143 292 5 48 46 448 648 48. 47 2006 2005 473 835 28 44 160 501 1,039 113 2006
49. (a) 2006 2005 (i) 211 211 (i) 11 11 (ii) 22 22 (ii) 4 4 (iii) 4 4 (iv) 3 3 (v) 39 36 (vi) 160 (vii) (vii) (viii) 739 619 (viii) 246 139 (viii) 234 174 (i) (ii) (iii) (i)(ii)(iii) (iv) 114 2006
49. (a) (iv) (v) (vi) (vii) (viii) 3003 1.60 20% ) 15 (i) (vii)(i) (iii) (v) 115 2006
49. (b) (c) 2006 2005 2006 2005 155 26 116 10 9 172 12 240 46 172 167 276 171 (d) 2006 2005 3,667 5,423 556 565 6,932 863 11,155 6,851 12 116 2006
50. (a) (b) 25% 8.41 29% 51. 117 2006
100% 151 100% 57 100% 66 100% 66 100% 560 2,300 33,000 97% 2007 5 100% 6,836 76,362 65% 2008 12 100% 4 118 2006
28 1. 2. 3. 4. 5. 6. 7. HH20% 1. 10% 2. H 119 2006
3. 4. 5. 24 H 6. H 7. 8. 4 9. 56 10. 7 120 2006
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