Annual report 2009 - Dexia.com

Notes to the consolidated fi nancial statementsChanges in technical reservesManagement reportConsolidatedfinancial statements1) Change in life insurance reserveInsurancecontracts2008 2009Investmentcontracts with DPFInsurance contractsInvestmentcontracts with DPFIndividual Group Individual Group Individual Group Individual GroupLife insurance reserve as at 1 Jan. 3,974 911 9,450 306 2,755 808 12,059 269Variation in opening due to conversionrate and to variation ofscope of consolidation (228) (169) (89) (66) (1) (47) 0 0Life insurance reserveas at 31 Dec. (2,755) (808) (12,059) (269) (2,710) (871) (12,656) (280)Of which Dexia Epargne Pensionas at 31 Dec. 2009 0 0 0 0 (251) 0 (3,672) (149)Transferred life insurance reserve (58) (33) 0 0 (262) (22) (54) (5)Share of reinsurers in lifeinsurance reserve as at 1 Jan. (12) (7) 0 0 (13) (3) 0 0Variation in opening dueto conversion rate and to variationof scope 2 4 0 0 0 0 0 0Share of reinsurers in lifeinsurance reserve as at 31 Dec. 13 3 0 0 8 3 31 0Of which Dexia Epargne Pensionas at 31 Dec. 2009 0 0 0 0 1 0 31 0Share of reinsurers in transferred lifeinsurance reserve (1) 0 0 0 171 0 (198) 0NET CHANGEIN LIFE INSURANCE RESERVE 935 (99) (2,698) (29) (52) (132) (817) (16)Annual financial statements2) Change in profit sharing reserveInsurance contracts2008 2009Investmentcontracts with DPFInsurance contractsInvestmentcontracts with DPFIndividual Group Individual Group Individual Group Individual GroupProfit sharing reserve as at 1 Jan. 10 13 91 2 13 6 9 1Profit sharing reserveas at 31 Dec. (13) (6) (9) (1) (5) (8) (74) (1)Transferred profit sharing reserve 0 0 0 0 (12) 0 9 (1)NET CHANGE IN PROFIT SHARINGRESERVE (3) 7 82 1 (4) (2) (56) (1)Additional information162Dexia Annual report 2009