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| | Jun.2002 | Jun.2003 | Jun.2004 |
| Table 39. LIFE INSURANCE OFFICES AND SUPERANNUATION FUNDS, | | | |
| Current prices ($m) | | | |
|
Life insurance premiums |
|
|
|
| Superannuation | 20307 | 19015 | 16452 |
| Other | 3859 | 3814 | 4213 |
| Other superannuation contributions | 32638 | 35852 | 42821 |
| Total premiums | 56804 | 58681 | 63486 |
| less Administration costs | 6641 | 6367 | 5897 |
| Net premiums | 50163 | 52314 | 57589 |
| less Claims (including pensions and surrenders) | 37600 | 38064 | 33745 |
| Excess of net premiums over claims | 12563 | 14250 | 23844 |
| Interest on life insurance corporations' reserves and | | | |
| superannuation funds | 13916 | 14113 | 16177 |
| Increase in net equity of households in life insurance | | | |
| corporations' reserves and superannuation funds | 26479 | 28363 | 40021 |
| Net errors and omissions(a) | -15677 | -15219 | 4583 |
| Change in financial position of households' net equity in | | | |
| life insurance corporations' reserves and superannuation | | | |
| funds | 42156 | 43582 | 35438 |
n.r. not recorded |
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|
|
| (a) The net errors and omissions item in this table reflects the difference in measurement between the conceptually identical concepts of change in financial position and increase in net equity. | | | |
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