Insurance Services segment profit or loss

Six months ended 30 June
(€m)20182017Increase/(decrease)
Upfront Life 193 228 (35) -15.4%
Net investment result Life 452 437 15 3.4%
Technical margin Life 10 12 (2) -16.7%
Change in other technical provisions and other technical costs/income (33) (27) (6) 22.2%
Net Life revenue 622 650 (28) -4.3%
Premium revenue 82 65 17 26.2%
Change in technical provisions and claims expenses (*) (21) (19) (2) 10.5%
Result from reinsurance (4) (3) (1) n/s
Net Non-life income (**) - (1) 1 n/s
Net Non-life revenue 57 42 15 35.7%
Other operating income 6 6 - n/s
Total revenue 685 698 (13) -1.9%
Personnel expenses 20 18 2 11.1%
of which personnel expenses 19 18 1 5.6%
of which early retirement incentives 1 - 1 n/s
Other operating costs 41 45 (4) -8.9%
Depreciation, amortisation and impairments 8 9 (1) -11.1%
Intersegment costs 256 276 (20) -7.2%
of which fees 237 257 (20) -7.8%
Total costs 325 348 (23) -6.6%
EBIT 360 350 10 2.9%
EBIT MARGIN 52.6% 50.1% 2.4%
Finance income/(costs) 29 17 12 70.6%
Profit/(Loss) before tax 389 367 22 6.0%
Income tax expense 138 134 4 3.0%
Profit for the period 251 233 18 7.7%

n/s: not significant
(*) This item does not include allocation of the attributable share of personnel expenses and the cost of goods and services incurred in the management and payment of claims.
(**) Includes finance income from investments by the Non-life business and other income and expenses from insurance activities.