Aviva 2009 Annual Report Download - page 162

160
Aviva plc Notes to the consolidated financial statements continued
Annual Report and Accounts 2009
4 – Segmental information continued
(i) Segmental income statement – products and services for the year ended 31 December 2009
General
insurance
Long-term and Fund
business health** management Other Total
£m £m £m £m £m
Gross written premiums* 24,722 9,968 — — 34,690
Premiums ceded to reinsurers (1,801) (775) — — (2,576)
Net written premiums 22,921 9,193 — — 32,114
Net change in provision for unearned premiums — 559 — — 559
Net earned premiums 22,921 9,752 — — 32,673
Fee and commission income 703 131 548 407 1,789
23,624 9,883 548 407 34,462
Net investment income 23,126 1,272 6 568 24,972
Inter-segment revenue — — 189 — 189
Share of (loss)/profit of joint ventures and associates (449) 2 (16) (41) (504)
Profit on the disposal of subsidiaries and associates (4) — — 157 153
Segmental income 46,297 11,157 727 1,091 59,272
Claims and benefits paid, net of recoveries from reinsurers (20,442) (7,107) — — (27,549)
Change in insurance liabilities, net of reinsurance (6,229) 547 — — (5,682)
Change in investment contract provisions (11,185) — — — (11,185)
Change in unallocated divisible surplus (1,547) — — — (1,547)
Amortisation of deferred acquisition costs and acquired value of in-force business (249) — — — (249)
Depreciation and other amortisation expense (147) (53) (7) (93) (300)
Other operating expenses (3,192) (3,465) (554) (1,394) (8,605)
Impairment losses (429) (85) — (94) (608)
Inter-segment expenses (178) (11) — — (189)
Finance costs (278) (24) (58) (976) (1,336)
(43,876) (10,198) (619) (2,557) (57,250) Segmental expenses
Tax attributable to policyholder returns (217) — — — (217)
Profit/(loss) before tax attributable to shareholders 2,204 959 108 (1,466) 1,805
Adjusted for non-operating items (317) 1 25 508 217
Operating profit/(loss) before tax attributable to shareholders’ profits 1,887 960 133 (958) 2,022
* Gross written premiums includes inward reinsurance premiums assumed from other companies amounting to £207 million, of which £51 million relates to property and liability insurance and
£156 million relates to long-term business.
**General insurance and health business segment includes gross written premiums of £841 million relating to health business. The remaining business relates to property and liability insurance.