Segment profit or loss - Insurance Services and Asset Management
| for the six months ended 30 June (€m) | 2016 | 2015 | Increase/(decrease) |
|---|
| Net insurance premium revenue |
10,551 |
9,474 |
1,077 |
11.4% |
|---|
| gross premium revenue |
10,573 |
9,496 |
1,077 |
11.3% |
|---|
| outward reinsurance premiums |
(22) |
(22) |
- |
n/s |
|---|
| Fee and commission income |
28 |
21 |
7 |
33.3% |
|---|
| Net financial income from assets related to traditional products |
2,101 |
1,255 |
846 |
67.4% |
|---|
| Net financial income from assets related to index- and unit-linked products |
(113) |
191 |
(304) |
n/s |
|---|
| Net change in technical provisions for insurance business and other claims expenses |
(11,944) |
(10,385) |
(1,559) |
15.0% |
|---|
| Claims paid |
(3,693) |
(3,756) |
63 |
-1.7% |
|---|
| Net change in technical provisions for insurance business |
(8,262) |
(6,642) |
(1,620) |
24.4% |
|---|
| Change in technical provisions where investment risk is transferred to policyholders |
11 |
13 |
(2) |
-15.4% |
|---|
| Investment management expenses |
(9) |
(7) |
(2) |
28.6% |
|---|
| Acquisition and administration costs |
(329) |
(284) |
(45) |
15.8% |
|---|
| Net commissions and other acquisition costs |
(250) |
(227) |
(23) |
10.1% |
|---|
| Operating costs |
(79) |
(57) |
(22) |
38.6% |
|---|
| Other revenues/(costs), net |
(15) |
(17) |
2 |
-11.8% |
|---|
| Operating profit/(loss) (EBIT) |
270 |
248 |
22 |
8.9% |
|---|