HSBC 2007 Annual Report Download - page 366

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Notes 6, 7 and 8
364
6 Net insurance claims incurred and movement in liabilities to policyholders
Non-life
insurance
Life
insurance
(non-linked)
Life
insurance
(linked)
Investment
contracts with
discretionary
participation
features Total
US$m US$m US$m US$m US$m
2007
Claims, benefits and surrenders paid ........ 1,017 940 790 1,080 3,827
Movement in liabilities ............................. 82 2,437 2,096 1,108 5,723
Gross claims incurred and movement
in liabilities ........................................... 1,099 3,377 2,886 2,188 9,550
Reinsurers’ share of claims, benefits
and surrenders paid ............................... (207) (169) (45) – (421)
Reinsurers’ share of movement
in liabilities ........................................... 36 518 (1,075) – (521)
Reinsurers’ share of claims incurred
and movement in liabilities ................... (171) 349 (1,120) – (942)
Net insurance claims incurred and
movement in liabilities to
policyholders ........................................ 928 3,726 1,766 2,188 8,608
2006
Claims, benefits and surrenders paid ........ 889 814 495 – 2,198
Movement in liabilities ............................. 10 2,207 651 6 2,874
Gross claims incurred and movement
in liabilities ........................................... 899 3,021 1,146 6 5,072
Reinsurers’ share of claims, benefits
and surrenders paid ............................... (228) (154) (9) – (391)
Reinsurers’ share of movement
in liabilities ........................................... 57 (54) 20 – 23
Reinsurers’ share of claims incurred
and movement in liabilities ................... (171) (208) 11 – (368)
Net insurance claims incurred
and movement in liabilities to
policyholders ........................................ 728 2,813 1,157 6 4,704
2005
Claims, benefits and surrenders paid ........ 966 621 357 – 1,944
Movement in liabilities ............................. 72 1,683 445 9 2,209
Gross claims incurred and movement
in liabilities ........................................... 1,038 2,304 802 9 4,153
Reinsurers’ share of claims, benefits
and surrenders paid ............................... (146) (111) (11) – (268)
Reinsurers’ share of movement
in liabilities ........................................... 2 191 (11) – 182
Reinsurers’ share of claims incurred
and movement in liabilities ................... (144) 80 (22) – (86)
Net insurance claims incurred
and movement in liabilities to
policyholders ........................................ 894 2,384 780 9 4,067