Annual report 2010 - Dexia.com

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Notes to the consolidated financial statements9.3. Insurance contractsManagement reportConsolidatedfinancial statementsAdditional information Annual financial statementsPremium incomeInsurance contracts31/12/09 31/12/10Investment Total Insurance contracts Investmentcontracts with DPF (1) contracts with DPF (1)Individual Group Individual Group Individual Group Individual GroupGross premiums written 329 315 1,092 34 1,770 288 372 1,741 39 2,440Premiums ceded to reinsurers (3) (80) (4) 0 (87) (5) (103) (1) 0 (109)Change in gross unearnedpremium reserves (UPR) (2) 0 0 0 (2) (1) 0 0 0 (1)Net premium afterreinsurance 324 235 1,088 34 1,681 282 269 1,740 39 2,330(1) Discretionary Participation Features.Claims expensesLifecontractsInsurance contracts31/12/09 31/12/10Non-lifeTotalLife Non-lifecontractscontracts contractsGross reserves (1) 12,617 790 13,407 14,797 848 15,645Gross reserves – share of reinsurers (2) 11 65 76 12 66 78Premiums and contributions received (3) 1,770 453 2,223 2,440 478 2,918Claims incurred and changes in technical35 10 45 44 18 62reserves – part of reinsurers (3)Premiums transferred to reinsurers (4) (87) (34) (121) (109) (38) (147)Claims incurred (4) (1,311) (265) (1,576) (852) (283) (1,135)Change in technical reserves (4) (1,085) (44) (1,129) (2,331) (58) (2,389)(1) Liabilities VIII. Technical provisions of insurance companies.(2) see note 7.12. Other assets, table B.(3) see note 11.7. Technical margin of insurance contracts - Premiums and technical income from insurance activities.(4) see note 11.7. Technical margin of insurance contracts - Technical expense from insurance activities.A. Life contractsA.1. Income and expenses2009 2010Investmentcontracts with DPFTotal Insurance contracts Investmentcontracts with DPFIndividual Group Individual Group Individual Group Individual GroupGross claims paid (194) (144) (943) (30) (1,311) (186) (143) (505) (18) (852)Claims reserve as at 1 Jan. 36 10 22 0 68 39 6 26 0 71Claims reserve as at 31 Dec. (39) (6) (26) 0 (71) (43) (6) (31) 0 (80)Transferred claims reserves 1 0 (1) 0 0 0 0 0 0 0Share of reinsurers 3 32 1 0 36 4 41 0 0 45Net claims incurred (193) (108) (946) (30) (1,277) (186) (102) (510) (18) (816)TotalTotalTotal178 Dexia Annual report 2010
Notes to the consolidated financial statementsChanges in technical reserves1) Change in life insurance reserve2) Change in profit sharing reserveInsurance contractsInsurance contracts2009 2010Investmentcontracts with DPF2009 2010Investmentcontracts with DPFTotal Insurance contracts Investmentcontracts with DPFIndividual Group Individual Group Individual Group Individual GroupLife insurance reserve as at Jan. 1 2,755 808 12,059 269 15,891 2,459 871 8,984 131 12,445Variation in opening due to conversionrate and to variation of scope ofconsolidation (1) (47) 0 0 (48) 1 0 0 0 1Life insurance reserve as at 31 Dec. (2,710) (871) (12,656) (280) (16,517) (2,499) (1,028) (10,862) (191) (14,580)of which Dexia Epargne Pension as at31 Dec. (1) (251) 0 (3,672) (149) (4,072)Life insurance reserve as at 31 Dec.without Dexia Epargne Pension (1) (2,459) (871) (8,984) (131) (12,445)Transferred Life insurance reserve (262) (22) (54) (5) (343) 3 (26) 10 0 (13)Share of reinsurers in Life insurancereserve as at 1 Jan. (13) (3) 0 0 (16) (7) (3) 0 0 (10)Share of reinsurers in Life insurancereserve as at 31 Dec. 8 3 31 0 42 6 3 0 0 9of which Dexia Epargne Pension as at31 Dec. 2009 (1) 1 0 31 0 32Share of reinsurers in Life insurancereserve as at 31 Dec. without DexiaEpargne Pension (1) 7 3 0 0 10Share of reinsurers in transferred Lifeinsurance reserve 171 0 (198) 0 (27) 0 0 0 0 0Net change in Life insurance reserve (52) (132) (817) (16) (1,017) (37) (183) (1,868) (60) (2,148)Change in Life insurance reserve 2010 dueto Dexia Epargne Pension (1) (6) 0 (117) (4) (127)Change in share of reinsurers in Lifeinsurance reserve 2010 due to DexiaEpargne Pension (1) 1 0 0 0 1(1) Dexia Epargne Pension was transferred to held for sale in application of IFRS 5 in 2009 and consolidated until 31 March 2010.Total Insurance contracts Investmentcontracts with DPFIndividual Group Individual Group Individual Group Individual GroupProfit sharing reserve as at 1 Jan. 13 6 9 1 29 5 8 74 1 88Profit sharing reserve as at 31 Dec. (5) (8) (74) (1) (88) (6) (11) (109) (1) (127)Transferred profit sharing reserve (12) 0 9 (1) (4) 0 0 (8) (1) (9)Net change in profit sharing reserve (4) (2) (56) (1) (63) (1) (3) (42) (1) (47)TotalTotalManagement reportConsolidatedfinancial statementsAdditional information Annual financial statementsAnnual report 2010 Dexia179
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A n n u a lr e p o r t2 0 1 0
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4 Group profile8 Message from the c
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Group profileManagement reportConso
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Group profileRESULTS Dexia GAAP IFR
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Message from the ChairmenManagement
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2010 and early 2011 highlightsManag
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2010 and early 2011 highlightsDecem
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Update on the transformation planMa
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Update on the transformation planMa
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StrategyManagement reportConsolidat
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Declaration of corporategovernanceM
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Declaration of corporate governance
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Shareholder informationManagement r
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Human ResourcesMEMBERS OF STAFFGEND
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Sustainable developmentEnergy perfo
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Risk managementManagement reportCon
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Capital managementManagement report
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Capital managementEconomic capitalE
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Financial resultsConsolidated state
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Financial resultsManagement reportC
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Liabilities Note 31/12/09 31/12/10(
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Consolidated statementof changes in
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Additional informationManagement re
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Annual report 2010 - Dexia.com

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