INSURANCE SERVICES SEGMENT PROFIT OR LOSS

For the nine months ended 30 Septembe
(€m)20192018Increase/(decrease)
Revenue 1,219 1,049 170 16.2%
Upfront Life 267 264 3 1.2%
Net investment result Life 786 707 79 11.2%
Technical margin Life 27 18 9 52.4%
Change in other technical provisions and other technical costs/income 23 (37) 60 162.9%
Net Life revenue 1,103 952 151 15.9%
Premium revenue 164 124 40 32.2%
Change in technical provisions and claims expenses (45) (29) (17) -58.6%
Result from reinsurance (12) (8) (5) -60.4%
Net P&C income 2 1 1 108.0%
Net P&C revenue 108 88 19 21.9%
Other operating income 8 8 0 -0.7%
Intersegment revenue 0 1 (1) -75.1%
Costs 472 446 26 5.8%
of which:        
Total personnel expenses 29 28 1 2.7%
of which ordinary personnel expenses 29 28 1 4.7%
of which early retirement incentives 0 1 (1) -100.0%
of which disputes and other extraordinary items 0 0 0 -
Other operating costs 63 59 4 6.2%
Intersegment costs 381 359 22 6.0%
of which fees 360 330 30 9.1%
EBITDA 747 603 144 23.8%
Depreciation, amortisation and impairments 17 12 5 41.7%
EBIT 730 591 139 23.4%
EBIT Margin 59.8% 56.3%    
Finance income/(costs) 15 50 (35) -70.5%
Profit before tax 744 641 103 16.1%
Income tax expense 225 224 1 0.5%
Net profit 519 417 102 24.5%