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ANNUAL REPORT AND ACCOUNTS 2008

Notes to the consolidated financial statements

10 Insurance claims

Insurance claims comprise:

 

2008
£m

 

2007
£m

Life insurance and participating investment contracts

     

Claims and surrenders:

     

Gross

(4,710)

 

(5,432)

Reinsurers' share

65

 

73

 

(4,645)

 

(5,359)

Change in liabilities:

     

Gross

7,364

 

(1,955)

Reinsurers' share

49

 

(20)

 

7,413

 

(1,975)

Change in unallocated surplus (note 35)

284

 

114

Total life insurance and participating investment contracts

3,052

 

(7,220)

Non-life insurance

     

Claims and claims paid:

     

Gross

(219)

 

(250)

Reinsurers' share

7

 

 

(212)

 

(250)

Change in liabilities:

     

Gross

24

 

(58)

Reinsurers' share

(5)

 

6

 

19

 

(52)

Total non-life insurance

(193)

 

(302)

Total insurance claims credit (expense)

2,859

 

(7,522)

Life insurance gross claims can also be analysed as follows:

     

Deaths

(289)

 

(296)

Maturities

(1,888)

 

(1,516)

Surrenders

(1,960)

 

(2,994)

Annuities

(516)

 

(568)

Other

(57)

 

(58)

 

(4,710)

 

(5,432)

A non-life insurance claims development table is included in note 32.

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