Annual report 2009 - Dexia.com

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Notes to the consolidated fi nancial statementsManagement reportReconciliation of changes in life insurance reserveGrossamount2008 2009ReinsuranceamountNetamountGrossamountReinsuranceamountNetamountLIFE INSURANCE RESERVE AS AT 1 JAN. 14,057 13 14,044 15,892 16 15,876Net payments received/premiums receivable 3,295 20 3,275 1,545 44 1,501Additional reserves due to shadowadjustments 34 0 34 4 0 4Claims paid (1,464) (18) (1,446) (1,226) (10) (1,216)Results on death and on life (131) (3) (128) (74) 5 (79)Attribution of technical interest 637 4 633 487 (1) 488Other changes (533) 0 (533) (59) (11) (48)Variation due to Dexia Epargne Pension (1) 0 0 0 (4,070) (33) (4,037)Variation of scope of consolidation (3) 0 (3) (47) 0 (47)LIFE INSURANCE RESERVE AS AT 31 DEC. 15,892 16 15,876 12,453 10 12,443(1) Dexia Epargne Pension is transferred to Assets held for sale and to Liabilities included in disposal groups held for sale.Consolidatedfinancial statementsAnnual financial statementsAdditional informationB. NONLIFE CONTRACTSB.1. Income and expensesPremium income31/12/08 31/12/08Gross premiums written 417 453Premiums ceded to reinsurer (33) (34)NET PREMIUMS AFTER REINSURANCE (A) 384 419Change in gross Unearned Premium Reserves (UPR) (9) (6)Share of reinsurers in change of Unearned Premium Reserve (UPR) 1 0CHANGE IN NET UNEARNED PREMIUM RESERVE (UPR) (B) (8) (6)TOTAL NET EARNED PREMIUMS (A)+(B) 376 413Claims expenses2008 2009Gross claims paid (217) (265)Claims reserve as at 1 Jan. 600 631Claims reserve as at 31 Dec. (631) (667)Share of reinsurers 14 10NET CLAIMS INCURRED (234) (291)Change in other nonlife insurance reserves2008 2009Other nonlife insurance reserves as at 1 Jan. 19 19Other nonlife insurance reserves as at 31 Dec. (19) (21)Share of reinsurers in other nonlife insurance reserves as at 1 Jan. (1) (1)Share of reinsurers in other nonlife insurance reserves as at 31 Dec. 1 1NET CHANGES IN INSURANCE LIABILITIES 0 (2)164Dexia Annual report 2009
Notes to the consolidated fi nancial statementsB.2. Assets and liabilitiesGross reserves31/12/08 31/12/09Claims reserves 564 610Reserves Unallocated Loss Adjustment Expenses (ULAE) 31 23Reserves for claims Incurred But Not Reported (IBNR) 36 34Total claims reserves 631 667Other technical reserves 19 21Unearned Premium Reserve (UPR) 96 102TOTAL GROSS RESERVES 746 790Share of reinsurers31/12/08 31/12/09Share of reinsurers in claims reserves 65 61Share of reinsurers in total claims reserve 65 61Share of reinsurers in other technical reserves 1 1Share of reinsurers in UPR 3 3TOTAL SHARE OF REINSURERS 69 65Reconciliation of changes in claims reservesGrossamount2008 2009ReinsuranceamountNetamountGrossamountReinsuranceamountNetamountClaims reserves as at 1 Jan. 600 63 537 631 66 565Claims paid on previous years (113) (5) (108) (117) (8) (109)Change in claim charges on previous years (29) (22) (7) (44) 1 (45)Liabilities on claims current year 173 30 143 197 3 194CLAIMS RESERVES AS AT 31 DEC. 631 66 565 667 62 605Claims developmentRunoff triangle total costs (gross figures)Occurrence yearLiquidation year Previous 2005 2006 2007 2008 20092005 433 2402006 334 129 2372007 278 75 133 2672008 235 60 77 145 2852009 197 48 57 77 168 330Management reportConsolidatedfinancial statementsAnnual financial statementsAdditional informationAnnual report 2009 Dexia 165
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9Annual report 2009
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9Annual report 2009Management repor
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9Management report
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Group profi leSIMPLIFIED GROUP STRU
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Group profi leQUALITY OF RISKS Dexi
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In accordance with the agreement wi
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2009 and early 2010 highlightsExit
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2009 and early 2010 highlightsCreat
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Corporate governanceIntroduction: t
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Corporate governanceThe European Ad
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Corporate governanceNAMEPIERREMARIA
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Corporate governanceNAMEROBERTDE ME
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Corporate governanceNAMESPECIALISTC
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Corporate governanceNAMEKOEN VAN LO
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Corporate governanceNew directors a
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Corporate governanceConsidering tho
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Corporate governancemade and the fi
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Corporate governanceDIRECTORS’ AN
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Corporate governanceOperation and a
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Corporate governanceThe Appointment
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Corporate governanceResponsibilitie
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Corporate governanceVariable compen
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Corporate governancetional entities
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Corporate governance• It identifi
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Shareholder informationStock market
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Shareholder informationPRINCIPAL DE
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Human resourcesAGE PYRAMID> 5955-59
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Sustainable developmentThe 2009 Dex
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Risk managementIntroductionIn 2009,
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Risk managementThe Rating Committee
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Risk managementAsset qualityBy the
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Risk managementBond portfolioDexia
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Risk managementThis good performanc
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Risk managementRisk and control sel
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Risk managementECONOMIC CAPITALBY T
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Financial resultsPreliminary notes
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Financial resultsSolvency31/12/08 3
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Financial resultsAssetsLoans and ad
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Activity and results of the busines
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General information3. Overview of t
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General informationAll the above-me
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General information4.5. Dexia banka
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General information6.3. Notificatio
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Consolidated balance sheet ........
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Consolidated balance sheetManagemen
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Consolidated statementof incomeMana
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Management reportConsolidatedfinanc
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Consolidated statementof comprehens
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Notes to the consolidated financial
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Statutory Auditor’s report• Wit
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Additional informationGeneral dataN
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Additional informationDexia FP Hold
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Dexia’s annual report 2009 has be
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Annual report 2009 - Dexia.com

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