ING Direct 2004 Annual Report Download - page 125
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ING Group Annual Report 2004 123
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
2003
PERIODIC PREMIUMS
Individual policies:
– without profit sharing 10,202 548 9,654 2,432 5 2,427
– with profit sharing 2,179 33 2,146
Total 12,381 581 11,800 2,432 5 2,427
Group policies:
– without profit sharing 1,692 67 1,625 5,969 36 5,933
– with profit sharing 741 10 731
Total 2,433 77 2,356 5,969 36 5,933
Total periodic premiums 14,814 658 14,156 8,401 41 8,360
SINGLE PREMIUMS
Individual policies:
– without profit sharing 856 1 855 4,529 4,529
– with profit sharing 2,802 2,802
Total 3,658 1 3,657 4,529 4,529
Group policies:
– without profit sharing 121 121 639 29 610
– with profit sharing 425 4 421
Total 546 4 542 639 29 610
Total single premiums 4,204 5 4,199 5,168 29 5,139
Total life business premiums 19,018 663 18,355 13,569 70 13,499
The total single premiums includes EUR 600 million in 2003 from profit sharing.