ING Direct 2004 Annual Report Download - page 126
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124 ING Group Annual Report 2004
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
2002
PERIODIC PREMIUMS
Individual policies:
– without profit sharing 9,698 858 8,840 2,496 6 2,490
– with profit sharing 4,556 115 4,441
Total 14,254 973 13,281 2,496 6 2,490
Group policies:
– without profit sharing 1,403 75 1,328 7,646 40 7,606
– with profit sharing 802 17 785
Total 2,205 92 2,113 7,646 40 7,606
Total periodic premiums 16,459 1,065 15,394 10,142 46 10,096
SINGLE PREMIUMS
Individual policies:
– without profit sharing 1,553 1,553 6,280 6,280
– with profit sharing 1,958 2 1,956
Total 3,511 2 3,509 6,280 6,280
Group policies:
– without profit sharing 261 -140 401 739 32 707
– with profit sharing 216 4 212
Total 477 -136 613 739 32 707
Total single premiums 3,988 -134 4,122 7,019 32 6,987
Total life business premiums 20,447 931 19,516 17,161 78 17,083
The total single premiums includes EUR 566 million in 2002 from profit sharing.
ADDITIONAL INFORMATION RELATING TO THE
CONSOLIDATED PROFIT AND LOSS ACCOUNT OF
ING GROUP (continued)
2.1
ANNUAL ACCOUNTS