Insurance provisions

Amounts ceded to reinsurers from insurance provisions
  Direct insuranceAccepted reinsuranceTotal book value
(€ million) 31.12.2013 31.12.2012 31.12.2013 31.12.2012 31.12.2013 31.12.2012
Non-life amounts ceded to reinsurers from insurance provisions(*) 2,454
2,865
985
1,030
3,439
 3,895
Provisions for unearned premiums 421
527
82
98
503
626
Provisions for outstanding claims 2,028
2,332
900
932
2,929
3,263
Other insurance provisions 4
6
3
0
7
6
Life amounts ceded to reinsurers from insurance provisions(*) 632
872
805
858
1,437
1,729
Provisions for outstanding claims 224
317
239
175
464
493
Mathematical provisions 214
286
562
681
777
967
Provisions for policies where the investment risk is borne by the policyholders and
provisions for pension funds
156
161
0
0
156
161
Other insurance provisions 37
108
4
1
41
108
Total 3,085
3,736
1,790
1,888
4,875
5,624

(*) After the elimination of intra-group transactions between segments.

Insurance provisions
  Direct insurance Accepted reinsurance Total book value
(€ million) 31.12.2013 31.12.2012 31.12.2013 31.12.2012 31.12.2013 31.12.2012
Non-life insurance provisions(*)  31,511
32,970
1,461
1,506
32,972
34,475
Provisions for unearned premiums 5,350
6,417
180
168
5,530
6,586
Provisions for outstanding claims 25,729
26,148
1,276
1,331
27,005
27,480
Other insurance provisions 432
405
5
6
437
410
of which provisions for liability adequacy test 14
11
0
0
14
11
Life insurance provisions(*) 311,113
299,602
1,668
2,292
312,780
301,894
Provisions for outstanding claims 4,548
4,822
972
862
5,520
5,684
Mathematical provisions 238,629
231,673
559
1,225
239,189
232,898
Provisions for policies where the investment risk is borne by the policyholders and
provisions for pension funds
45,795
41,048
14
20
45,809
41,068
Other insurance provisions 22,140
22,060
123
185
22,263
22,245
of which provisions for liability adequacy test 826
731
0
71
826
802
of which deferred policyholder liabilities 3,999
4,000
0
0
3,999
4,000
Total 342,624
332,572
3,129
3,798
345,752
336,369

(*) After the elimination of intra-group transactions between segments.

The slight decrease in non-life insurance provisions (-0.5% on equivalent scope compared to 2012) was attributable to the trend of the provisions for unearned premiums which was affected to the lower production observed during the period.

In the life segment insurance provisions increased by 4.9% (on equivalent scope compared to 2012), mainly attributable to the development of net inflow and the financial revaluation of technical reserves.

The overall total of the other life insurance provisions included both the provision for profit sharing and premium refunds, which amounts to € 6,702 million compared to € 7,365 million in 2012, and the ageing provisions for life segment, which amount to € 10,252 million compared to € 9,630 million in 2012.

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Life inflows and technical reserves175.47 KB
Assicurazioni Generali S.p.A. - C.F. e P.IVA 00079760328