Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

Section 10Heading 160: Income less expense from insurance operations10.1 Income less expense from insurance operations: compositionItems12 mths ended30/6/1112 mths ended30/6/101. Net change in technical reserves (504) (69)2. Claims paid out during the year (2,155) (66)3. Other income (expense) from insurance operations (1,994) (218)Total (4,653) (353)10.2 Breakdown of sub-heading “Net changes in technical reserves”Net changes in technical reserves12 mths ended30/6/1112 mths ended30/6/101. Life businessA. Mathematical reserves (504) (69)A.1 Gross annual amount (504) (69)A.2 (–) Share payable by reinsurers — —B. Other technical reserves — —B.1 Gross annual amount — —B.2 (–) Share payable by reinsurers — —C. Technical reserves where the insurance riskis borne by the insured parties — —C.1 Gross annual amount — —C.2 (–) Share payable by reinsurers — —Total, life business reserves (504) (69)2. Non-life businessChanges in technical reserves in non-life businessother than reserves for claims net of accounts cededto reinsurers — —140 –