Annual report 2010 - Dexia.com

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