Annual report 2010 - Dexia.com

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Notes to the consolidated financial statementsA.2. Assets and liabilitiesManagement reportConsolidatedfinancial statementsAdditional information Annual financial statementsGross reservesShare of reinsurersInsurance contractsInsurance contracts31/12/09 31/12/10Investmentcontracts with DPF31/12/09 31/12/10Investmentcontracts with DPFTotal Insurance contracts Investmentcontracts with DPFIndividual Group Individual Group Individual Group Individual GroupLife insurance reserve local GAAP 2,710 871 12,656 280 16,517 2,499 1,028 10,862 191 14,580Figures of Dexia Epargne Pensiontransferred to Liabilities held for sale (249) 0 (3,672) (149) (4,070) 0 0 0 0 0Reserves due to shadow accountingadjustments 0 5 0 0 5 0 5 0 0 5Total life insurance reserve 2,461 876 8,983 131 12,451 2,499 1,033 10,862 191 14,584Claims reserves 39 6 26 0 71 43 6 31 0 80Gross unearned premium reserves (UPR) 5 0 0 0 5 6 0 0 0 6Other technical reserves 5 8 74 1 88 6 11 109 1 127Total gross reserves 2,511 891 9,083 132 12,617 2,553 1,050 11,002 192 14,797Total Insurance contracts Investmentcontracts with DPFIndividual Group Individual Group Individual Group Individual GroupShare of reinsurers in life insurancereserve as at 31 Dec. 8 3 31 0 42 6 3 0 0 9Share of Dexia Epargne Pensiontransferred to Assets held for sale (1) 0 (31) 0 (32) 0 0 0 0 0Share of reinsurers in claims reserves 1 0 0 0 1 2 0 0 0 2Total share of reinsurers 8 3 0 0 11 9 3 0 0 12Discretionary participation feature included in equity31/12/09 31/12/10Contracts with DPFContracts with DPFIndividual Group Total Individual Group TotalNet discretionary participation feature included in equity 1 0 1 0 0 0Insurance or investment contracts with DPF that have embedded derivatives that need to be separated and fair valued through profit and lossare limited to two products. Their amounts are not significant.TotalTotal180 Dexia Annual report 2010
Notes to the consolidated financial statementsReconciliation of changes in Life insurance reserveGrossamount2009 2010ReinsuranceamountNetamountGrossamountReinsuranceamountNetamountLife insurance reserve as at 1 Jan. 15,892 16 15,876 12,453 10 12,443Net payments received/premiumsreceivable 1,545 44 1,501 1,790 1 1,788Additional reserves due to shadowadjustments 4 0 4 0 0 0Claims paid (1,226) (10) (1,216) (661) (2) (659)Results on death and on life (74) 5 (79) (82) 0 (82)Attribution of technical interest 487 (1) 488 426 0 426Other changes (59) (11) (48) 658 0 658Variation due to Dexia Epargne Pension (1) (4,070) (33) (4,037) 0 0 0Variation of scope of consolidation (47) 0 (47) 0 0 0Life insurance reserve as at 31 Dec. 12,453 10 12,443 14,584 9 14,575(1) Dexia Epargne Pension is transferred to “Assets held for sale” and to “Liabilities included in disposal groups held for sale”.B. Non-Life CONTRACTSB.1. Income and expensesPremium income31/12/09 31/12/10Gross premiums written 453 478Premiums ceded to reinsurers (34) (38)Net premiums after reinsurance (A) 419 440Change in gross Unearned Premium Reserves (UPR) (6) (4)Share of reinsurers in change of Unearned Premium Reserve (UPR) 0 0Change in net unearned premium reserve (UPR) (B) (6) (4)Total net earned premiums (A)+(B) 413 436Claims expenses2009 2010Gross claims paid (265) (283)Claims reserve as at 1 Jan. 631 667Claims reserve as at 31 Dec. (667) (720)Share of reinsurers 10 18Net claims incurred (291) (318)Change in other Non-life insurance reserves2009 2010Other Non-life insurance reserves as at 1 Jan. 19 21Other Non-life insurance reserves as at 31 Dec. (21) (22)Share of reinsurers in other Non-life insurance reserves as at 1 Jan. (1) (1)Share of reinsurers in other Non-life insurance reserves as at 31 Dec. 1 1Net changes in insurance liabilities (2) (1)Management reportConsolidatedfinancial statementsAdditional information Annual financial statementsAnnual report 2010 Dexia181
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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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Shareholder informationManagement r
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Human ResourcesMEMBERS OF STAFFGEND
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Human ResourcesFinally, questions r
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Sustainable developmentEnergy perfo
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Risk managementManagement reportCon
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Risk managementThe Operational Risk
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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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Activity and results of the busines
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C o n s o l i d a t e d f i n a n c
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Liabilities Note 31/12/09 31/12/10(
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Consolidated statementof changes in
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Gains and losses not recognised in
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Consolidated cash flow statement(in
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Notes to the consolidated financial
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Dexia saStatutory Auditor's reporto
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240 Balance sheet241 Off-balance-sh
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Balance sheet(before income appropr
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Statement of incomeManagement repor
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Notes to the annual financial state
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Statutory Auditor's reportManagemen
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Additional informationManagement re
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Photographs: page 8: C. LEBEDINSKY/
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Annual report 2010 - Dexia.com

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