Notes to the consolidated financial statements
- « 33 Life insurance sensitivity analysis
- 34 Liability arising from
non-participating investment contracts - 35 Unallocated surplus
within insurance businesses »
34 Liabilities arising from non-participating investment contracts
The movement in liabilities arising from non-participating investment contracts may be analysed as follows:
| Gross |
Reinsurance |
Net |
|
|---|---|---|---|
| At 1 January 2007 |
24,370 |
(22) |
24,348 |
| New business |
2,413 |
– | 2,413 |
| Changes in existing business |
(1,303) |
22 |
(1,281) |
| Disposal of businesses |
(7,283) |
– | (7,283) |
| At 31 December 2007 |
18,197 |
– | 18,197 |
| New business |
660 |
– | 660 |
| Changes in existing business |
(4,614) |
– | (4,614) |
| At 31 December 2008 |
14,243 |
– | 14,243 |