ING Direct 2002 Annual Report Download - page 69

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Annual Report 2002 · ING Group66
Financial information
PREMIUM INCOME
BREAKDOWN PREMIUM INCOME
2002 2001
Premium income from life insurance policies 44,367 44,557
Premium income from non-life insurance policies 7,917 5,903
52,284 50,460
PREMIUMS WRITTEN FROM DIRECT LIFE BUSINESS
POLICIES WHERE THE POLICIES WHERE THE
INSURER BEARS THE POLICYHOLDER BEARS THE
INVESTMENT RISK INVESTMENT RISK TOTAL
2002 2001 2002 2001 2002 2001
PERIODIC PREMIUMS
Individual policies 14,254 13,348 2,496 2,329 16,750 15,677
Group policies 2,205 1,749 7,646 7,012 9,851 8,761
Total 16,459 15,097 10,142 9,341 26,601 24,438
SINGLE PREMIUMS
Individual policies 3,511 3,512 6,280 5,529 9,791 9,041
Group policies 5,945 7,725 739 1,841 6,684 9,566
Total 9,456 11,237 7,019 7,370 16,475 18,607
25,915 26,334 17,161 16,711 43,076 43,045
Indirect business/eliminations 1,291 1,512
44,367 44,557
INCOME FROM INVESTMENTS OF THE INSURANCE OPERATIONS
BREAKDOWN INCOME FROM INVESTMENTS OF THE INSURANCE OPERATIONS
2002 2001
Income from disposal of group companies 238 17
Income from land and buildings 872 665
Income from investments in shares and
convertible debentures 1,611 1,430
Income from investments in
fixed-interest securities:
— debentures 5,829 5,610
— private loans 127 158
— mortgage loans 1,781 1,800
— policy loans 208 218
—deposits with credit institutions 49 104
— professional loans 17 16
— other 180 318
Deposits with insurers 14
Operational result 10,926 10,336
Income from land and buildings includes an amount in respect of rental income allocated to business units
of ING Group (the same amount is included in Other expenses) of EUR 50 million (2001: EUR 51 million).
Income from investments in land and buildings and shares and convertibles includes realised results on
disposal of EUR 1,357 million (2001: EUR 1,005 million).