Insurance Services segment profit or loss
| For the nine months ended 30 September | ||||
|---|---|---|---|---|
| (€m) | 2018 | 2017 | Increase/(decrease) | |
| Upfront Life | 264 | 332 | (68) | -20.5% |
| Net investment result Life | 707 | 665 | 42 | 6.3% |
| Technical margin Life | 18 | 13 | 5 | 38.5% |
| Change in other technical provisions and other technical costs/income | (37) | (49) | 12 | 24.5% |
| Net Life revenue | 952 | 961 | (9) | -0.9% |
| Premium revenue | 124 | 97 | 27 | 27.8% |
| Change in technical provisions and claims expenses | (29) | (29) | (1) | -3.6% |
| Result from reinsurance | (8) | (6) | (2) | -33.3% |
| Net Non-life income (*) | 1 | (1) | 2 | n/s |
| Net Non-life revenue | 88 | 62 | 26 | 41.9% |
| Other operating income | 8 | 8 | - | n/s |
| Intersegment revenue | 1 | 1 | - | n/s |
| Total revenue | 1,049 | 1,032 | 17 | 1.6% |
| Personnel expenses | 28 | 26 | 2 | 7.7% |
| of which personnel expenses | 27 | 26 | 1 | 3.8% |
| of which early retirement incentives | 1 | - | 1 | n/s |
| Other operating costs | 59 | 63 | (4) | -6.3% |
| Depreciation, amortisation and impairments | 12 | 13 | (1) | -7.7% |
| Intersegment costs | 359 | 405 | (46) | -11.4% |
| of which fees | 330 | 377 | (47) | -12.5% |
| Total costs | 458 | 507 | (49) | -9.7% |
| EBIT | 591 | 525 | 66 | 12.6% |
| EBIT MARGIN | 56.3% | 50.9% | 5.5% | |
| Finance income/(costs) | 50 | 30 | 20 | 66.7% |
| Profit/(Loss) before tax | 641 | 555 | 86 | 15.5% |
| Income tax expense | 224 | 208 | 16 | 7.7% |
| Net profit | 417 | 347 | 70 | 20.2% |
n/s: not significant
(*) Includes finance income from investments by the Non-life business and other income and expenses from insurance activities.