The Hong Kong Mortgage Corporation Limited

 Net interest income

523,991

536,209

507,578

 Profit attributable to  shareholder

317,461⁴

126,558⁴

806,395

 Loan purchases

1,876,551

287,705

315,793

 Debts issuance¹

17,724,508

12,424,465

17,856,470

 Net premiums  written

 – General insurance  businesses

466,215

565,739

417,076

 – Annuity business

1,630,827

2,780,240

n.a.

 Loan portfolio, net

6,928,045

6,442,064

7,829,441

 Debt securities  issued

39,710,963

37,292,877

34,840,706

 Risk-in-force

 – Mortgage insurance²

23,075,987

19,723,956

17,588,701

 – Reverse mortgage  insurance³

11,239,454

9,644,152

6,875,721

 Net interest margin

1.0%

1.1%

1.1%

 Capital adequacy ratio

30.2%

26.8%

21.0%

 Cost-to-income  ratio

58.7%⁴

86.0%⁴

26.8%

 Return on  shareholder's equity

2.1%⁴

0.9%⁴

8.6%

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, excluding exposure that has been covered by quota-share reinsurance arrangement. Undrawn commitment refers to the amount of expected future payout to the borrower based on the payment term.

4. For comparison purposes, after excluding an accounting loss for maintaining prudent statutory reserves based on actuarial assumptions for annuity business made by the HKMC Annuity Limited, a wholly-owned subsidiary of the HKMC, the adjusted attributable profit to shareholder, return on shareholder's equity and cost-to-income ratio for 2019 would be HK$443 million, 4.2% and 41.8% respectively (2018: HK$515 million, 5.1% and 36.7% respectively).