ING Direct 2004 Annual Report Download - page 124
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122 ING Group Annual Report 2004
PREMIUM INCOME ON LIFE INSURANCE POLICIES
Reinsurers’ Own Reinsurers’ Own Reinsurers’ Own
Gross share account Gross share account Gross share account
2004 2003 2002
Policies for which the insurer bears
the investment risk 19,119 783 18,336 19,018 663 18,355 20,447 931 19,516
Policies for which the policyholder
bears the investment risk 16,413 53 16,360 13,569 70 13,499 17,161 78 17,083
Total direct business 35,532 836 34,696 32,587 733 31,854 37,608 1,009 36,599
Indirect business 2,090 1,430 660 1,320 372 948 1,299 92 1,207
37,622 2,266 35,356 33,907 1,105 32,802 38,907 1,101 37,806
Eliminations 647 647 33 88
36,975 1,619 35,356 33,904 1,102 32,802 38,899 1,093 37,806
PREMIUMS WRITTEN FROM DIRECT LIFE BUSINESS
Policies for which the insurer Policies for which the policy-
bears the investment risk holder bears the investment risk
Reinsurers’ Own Reinsurers’ Own
Gross share account Gross share account
2004
PERIODIC PREMIUMS
Individual policies:
– without profit sharing 6,605 632 5,973 3,566 1 3,565
– with profit sharing 4,213 74 4,139
Total 10,818 706 10,112 3,566 1 3,565
Group policies:
– without profit sharing 2,223 58 2,165 6,653 37 6,616
– with profit sharing 802 14 788
Total 3,025 72 2,953 6,653 37 6,616
Total periodic premiums 13,843 778 13,065 10,219 38 10,181
SINGLE PREMIUMS
Individual policies:
– without profit sharing 1,476 1 1,475 4,011 1 4,010
– with profit sharing 2,716 2,716
Total 4,192 1 4,191 4,011 1 4,010
Group policies:
– without profit sharing 677 677 2,183 14 2,169
– with profit sharing 407 4 403
Total 1,084 4 1,080 2,183 14 2,169
Total single premiums 5,276 5 5,271 6,194 15 6,179
Total life business premiums 19,119 783 18,336 16,413 53 16,360
The total single premiums includes EUR 457 million in 2004 from profit sharing.
ADDITIONAL INFORMATION RELATING TO THE
CONSOLIDATED PROFIT AND LOSS ACCOUNT OF
ING GROUP (continued)
2.1
ANNUAL ACCOUNTS