4.4 Legal risk - Scor

In EUR million 2002 2003 2004 2005 2006 2007 2008 (1) 2009 (1) 2010 (1) 2011 (1) 2012 (1)
Gross claims reserves &
estimates – end of year (2) 8,244 7,045 6,135 6,310 5,791 9,325 9,127 9,156 9,696 10,602 10,857
Ceded claims reserves &
estimates – end of year (2) 1,313 691 533 554 490 598 467 473 412 765 (690)
Net claims reserves &
estimates – end of year (2) 6,931 6,354 5,602 5,756 5,301 8,727 8,660 8,683 9,284 9,837 10,167
(3) (4)
Net paid losses
1 year later 2,627 1,425 896 1,000 1,026 1,766 1,992 2,069 2,080 2,407 -
2 years later 3,735 2,119 1,569 1,657 1,626 2,931 3,263 3,239 3,576 - -
3 years later 4,557 2,666 2,075 2,092 2,155 3,870 4,107 4,107 - - -
4 years later 5,029 3,119 2,455 2,351 2,805 4,414 4,649 - - - -
5 years later 5,436 3,456 2,640 2,917 3,205 4,841 - - - - -
6 years later 5,740 3,704 3,151 3,265 3,501 - - - - - -
7 years later 6,051 4,169 3,467 3,520 - - - - - - -
8 years later 6,443 4,407 3,687 - - - - - - - -
9 years later 6,647 4,606 - - - - - - - - -
10 years later 6,815 - - - - - - - - - -
11 years later - - - - - - - - - - -
Net incurred losses (3)
1 year later 8,191 6,776 5,917 5,987 5,701 9,480 9,491 9,622 10,584 10,809 -
2 years later 8,133 6,762 5,989 6,262 5,765 9,482 9,490 9,385 10,412 - -
3 years later 8,418 6,866 6,243 6,312 5,784 9,381 9,248 9,098 - - -
4 years later 8,543 7,145 6,306 6,305 5,630 9,172 9,028 - - - -
5 years later 8,853 7,205 6,302 6,184 5,427 8,980 - - - - -
6 years later 8,901 7,265 6,200 6,022 5,229 - - - - - -
7 years later 8,993 7,209 6,062 5,875 - - - - - - -
8 years later 8,999 7,124 5,949 - - - - - - - -
9 years later 8,948 7,049 - - - - - - - - -
10 years later 8,915 - - - - - - - - - -
Cumulative
redundancy/(deficiency) (2,017) (770) (460) (266) (126) (445) (588) (702) (1,300) (972) -
Gross cumulative inception
to date incurred losses as at
31 December 2012 (2) 10,737 7,927 6,731 6,576 5,660 9,673 9,602 9,554 10,838 11,657 -
Ceded cumulative inception
to date incurred losses as at
31 December 2012 (2) 1,821 878 782 700 431 693 574 456 426 848 -
Net cumulative inception to
date incurred losses as at
31 December 2012 (2) 8,915 7,049 5,949 5,875 5,229 8,980 9,028 9,098 10,412 10,809 -
Unearned premium
reserve (UPR)
Gross UPR – end of year 1,617 1,124 978 637 575 1,108 1,099 1,135 1,384 1,516 1,682
Ceded UPR – end of year 130 76 40 24 18 39 40 40 51 84 93
Net UPR – end of year 1,487 1,048 938 613 557 1,069 1,060 1,095 1,333 1,432 1,589
Deferred acquisition
costs (DAC)
Gross DAC – end of year 204 129 132 137 108 230 227 238 278 325 359
Ceded DAC – end of year 25 5 3 2 - 2 1 - 1 5 7
Net DAC – end of year 179 124 129 135 108 228 226 238 277 320 352
(1) The table includes balance sheet reserves for Converium for years from 2007 onwards only. Figures for 2007 reflect the completion of the initial accounting of the
business combination with Converium.
(2) At period end exchange rates.
(3) At average exchange rates.
(4) Includes net cumulative payments for all underwriting years as at each balance sheet date.
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