Annual report 2010 - Dexia.com

Notes to the consolidated financial statementsB.2. Assets and liabilitiesManagement reportGross reserves31/12/09 31/12/10Claims reserves 610 652Reserves Unallocated Loss Adjustment Expenses (ULAE) 23 26Premium deficiency reserves (Non-life LAT) 0 0Reserves for claims Incurred But Not Reported (IBNR) 34 42Total claims reserves 667 720Other technical reserves 21 21Unearned Premium Reserve (UPR) 102 107Total gross reserves 790 848Consolidatedfinancial statementsAdditional information Annual financial statementsShare of reinsurers31/12/09 31/12/10Share of reinsurers in claims reserves 61 62Share of reinsurers in total claims reserve 61 62Share of reinsurers in other technical reserves 1 1Share of reinsurers in UPR 3 3Total share of reinsurers 65 66Reconciliation of changes in claims reservesGrossamount2009 2010ReinsuranceamountNet amountGrossamountReinsuranceamountNet amountClaims reserves as at 1 Jan. 631 66 565 667 62 605Claims paid on previous years (117) (8) (109) (124) (2) (122)Change in claim charges on previous years (44) 1 (45) (47) (2) (45)Liabilities on claims current year 197 3 194 224 4 220Claims reserve as at 31 Dec. 667 62 605 720 62 658Claims developmentRunoff triangle total costs (gross figures)Occurrence yearLiquidation year Previous 2006 2007 2008 2009 20102006 463 2382007 353 133 2672008 295 77 144 2852009 245 57 77 167 3302010 206 51 58 93 162 377The runoff shows us that the ratio per occurrence year total loss remains very stable during the liquidation years, but theincurred losses increased in 2010 due to the storms and flood.182 Dexia Annual report 2010