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Key Financial Information

Financial Highlights

 

 2018

 HK$’000

2017

HK$’000

2016

 HK$’000

FOR THE YEAR

   

 Net interest income

536,209

507,578

490,642

 Profit attributable to  shareholders

126,5584

806,395

603,984

 Loan purchases

287,705

315,793

205,771

 Debts issuance1

12,424,465

17,856,470

16,175,123

 Net premiums  written

 

 

 

 – General insurance  businesses

565,739

417,076

367,562

 – Annuity business

2,780,240

n.a.

n.a.

AT YEAR END

 

 

 

 Loan portfolio, net

6,442,064

7,829,441

9,533,961

 Debt securities  issued

37,292,877

34,840,706

34,233,467

 Risk-in-force

 

 

 

 – Mortgage insurance2

19,723,956

17,588,701

14,104,839

 – Reverse mortgage  insurance3

9,644,152

6,875,721

4,315,944

OTHER STATISTICS

 

 

 

 Net interest margin

1.1%

1.1%

1.0%

 Capital adequacy ratio

26.8%

21.0%

21.3%

 Cost-to-income  ratio

86.0%4

26.8%

30.8%

 Return on  shareholders’  equity

0.9%4

8.6%

6.8%

Notes:

1. For debts with tenor of one year or above.

2. The risk-in-force excludes exposure that has been covered by quota-share reinsurance arrangement.

3. The risk-in-force includes the outstanding balance and undrawn commitment of a reverse mortgage loan. Undrawn commitment refers to the amount of expected future payout to the borrower based on the payment term.

4. For comparison purposes, the adjusted attributable profit to shareholders, return on shareholders’ equity and cost-to-income ratio for 2018 would be HK$515 million, 5.1% and 36.7% respectively after excluding an accounting loss made by the HKMC Annuity Limited, a wholly-owned subsidiary of the HKMC, for maintaining prudent statutory reserves based on actuarial assumptions for the annuity business.

Financial Reports
 Interim ReportAnnual Report
2018Interim ReportAnnual Report
2017Interim ReportAnnual Report
2016Interim ReportAnnual Report