Segment profit or loss - Insurance Services and Asset Management

for the six months ended 30 June (€m)20162015Increase/(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%