2007 - April
2007 - April
2007 - April
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2.0<br />
Notes to the consolidated financial statements at December 31 st <strong>2007</strong><br />
INCOME FROM INSURANCE COMPANIES INVESTMENTS<br />
(in thousand euros)<br />
Income from<br />
investment<br />
Capital gains of<br />
losses on disposals<br />
Change in fair<br />
value of financial<br />
instruments recorded<br />
on a fair value basis<br />
for earnings<br />
Change<br />
in provisions<br />
on financial<br />
instruments (2)<br />
Income/loss from<br />
Investments<br />
<strong>2007</strong> 2006 <strong>2007</strong> 2006 <strong>2007</strong> 2006 <strong>2007</strong> 2006 <strong>2007</strong> 2006<br />
Other UCITS available for sale (1) 486 19 504<br />
Other UCITS recorded on a fair value basis for earnings (2)<br />
Other UCITS held for transaction purposes 1,431 1,014 658 -29 2,089 985<br />
OTHER UCITS (3) 486 1,449 1,014 658 -29 2,593 985<br />
FINANCIAL INVESTMENTS 8,001 5,962 6,646 3,990 658 -22 -2,387 12,917 9,930<br />
Derivative assets subject to hedge accounting<br />
Derivative assets in a natural hedging relation<br />
Other derivative assets<br />
DERIVATIVE ASSETS<br />
Investment management costs -218 -144 -218 -144<br />
Other (4) -122 327 -122 327<br />
INCOME FROM FINANCIAL ASSETS NET OF EXPENSES 7,660 6,145 6,646 3,990 658 -22 -2,387 12,576 10,113<br />
(1) Not including assets available for sale on which the impairment in value has been booked against earnings, which can be seen just below<br />
(2) Excluding securities held for transaction purposes that are recorded just below<br />
(3) Including cash-based UCITS<br />
(4) Notably includes loans insured, finance-lease payables and other loans<br />
5.3. Underwriting expenses for insurance policies<br />
5.4. Charges ou produits nets de cessions de réassurance<br />
INSURANCE EXPENSES<br />
(in thousand euros)<br />
DEC 31 st , <strong>2007</strong> DEC 31 st , 2006<br />
Related expenses 3,932 5,357<br />
Change in underwriting provisions gross of reinsurance 33,403 43,142<br />
Commissions paid by companies 15,473 8,311<br />
Claims paid out 106,208 89,028<br />
TOTAL 159,016 145,838<br />
NET INCOME OR EXPENSES FROM REINSURANCE<br />
CESSIONS (in thousand euros)<br />
DEC 31 st , <strong>2007</strong> DEC 31 st , 2006<br />
Premiums ceded 91,509 95,085<br />
Change in provisions for reinsured claims to be paid out 325 -30,995<br />
Ceded reinsurance commissions and related expenses -25,236 -27,093<br />
Claims ceded -42,682 -35,656<br />
TOTAL 23,916 1,341<br />
124<br />
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