(i) Analysis of deferred acquisition
(Download XLS:)  |
|
|
Notes |
Gross |
Reinsurance |
Gross |
Reinsurance |
|---|---|---|---|---|---|
|
Insurance contract deferred acquisition costs |
983 |
(80) |
1,111 |
(90) | |
|
Investment contract deferred acquisition costs |
974 |
– |
1,001 |
– | |
|
Deferred acquisition costs |
|
1,957 |
(80) |
2,112 |
(90) |
(ii) Insurance contract deferred acquisition costs
| (Download XLS:) |
|
|
Gross |
Reinsurance |
Gross |
Reinsurance |
|---|---|---|---|---|
|
As at 1 January |
1,111 |
(90) |
734 |
(66) |
|
Acquisition costs deferred |
147 |
(2) |
159 |
(1) |
|
Amortisation charged to income |
(164) |
7 |
(142) |
6 |
|
(Decrease)/increase due to currency translation |
(116) |
10 |
282 |
(25) |
|
Other |
5 |
(5) |
78 |
(4) |
|
As at 31 December |
983 |
(80) |
1,111 |
(90) |
|
To be amortised within 12 months |
104 |
(3) |
118 |
(4) |
|
To be amortised after 12 months |
879 |
(77) |
993 |
(86) |
Of the total gross deferred acquisition costs, £907m (2008: £1,011m) relates to the US insurance business.
(iii) Investment contract deferred acquisition costs
| (Download XLS:) |
|
|
Gross |
Reinsurance |
Gross |
Reinsurance |
|---|---|---|---|---|
|
As at 1 January |
1,001 |
– |
962 |
– |
|
Acquisition costs deferred |
157 |
– |
163 |
– |
|
Amortisation charged to income |
(169) |
– |
(95) |
– |
|
(Decrease)/increase due to currency translation |
(5) |
– |
11 |
– |
|
Other |
(10) |
– |
(40) |
– |
|
As at 31 December |
974 |
– |
1,001 |
– |
|
To be amortised within 12 months |
136 |
– |
138 |
– |
|
To be amortised after 12 months |
838 |
– |
863 |
– |
