HSBC 2012 Annual Report Download - page 409

407
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
4 Net earned insurance premiums
Non-life
insurance
Life
insurance
(non-linked)
Life
insurance
(linked)
Investment
contracts
with DPF1 Total
US$m US$m US$m US$m US$m
2012
Gross earned premiums ................................................ 716 6,862 3,325 2,699 13,602
– gross written premiums ......................................... 760 6,815 3,325 2,699 13,599
– movement in unearned premiums ......................... (44) 47 – – 3
Reinsurers’ share of gross earned premiums ................ (107) (443) (8) – (558)
– gross written premiums ceded to reinsurers .......... (104) (408) (8) – (520)
– reinsurers’ share of movement in unearned
premiums ............................................................... (3) (35) – – (38)
609 6,419 3,317 2,699 13,044
2011
Gross earned premiums ................................................ 1,144 6,238 2,801 3,155 13,338
– gross written premiums ......................................... 1,175 6,207 2,804 3,155 13,341
– movement in unearned premiums ......................... (31) 31 (3) – (3)
Reinsurers’ share of gross earned premiums ................ (180) (278) (8) – (466)
– gross written premiums ceded to reinsurers .......... (182) (255) (8) – (445)
– reinsurers’ share of movement in unearned
premiums ............................................................... 2 (23) – – (21)
964 5,960 2,793 3,155 12,872
2010
Gross earned premiums ................................................ 1,275 5,427 1,956 2,951 11,609
– gross written premiums ......................................... 1,192 5,357 1,956 2,951 11,456
– movement in unearned premiums ......................... 83 70 – – 153
Reinsurers’ share of gross earned premiums ................ (160) (289) (14) – (463)
– gross written premiums ceded to reinsurers .......... (172) (266) (8) – (446)
– reinsurers’ share of movement in unearned
premiums ............................................................... 12 (23) (6) – (17)
1,115 5,138 1,942 2,951 11,146
1 Discretionary participation features.
5 Net insurance claims incurred and movement in liabilities to policyholders
Non-life
insurance
Life
insurance
(non-linked)
Life
insurance
(linked)
Investment
contracts
with DPF1 Total
US$m US$m US$m US$m US$m
2012
Gross claims incurred and movement in liabilities ........... 342 6,558 3,984 3,645 14,529
– claims, benefits and surrenders paid ..................... 339 1,566 1,810 2,525 6,240
– movement in liabilities .......................................... 34,992 2,174 1,120 8,289
Reinsurers’ share of claims incurred and
movement in liabilities ............................................ (58) (479) 223 – (314)
– claims, benefits and surrenders paid ..................... (57) (160) (681) – (898)
– movement in liabilities .......................................... (1) (319) 904 – 584
284 6,079 4,207 3,645 14,215