(i) Analysis of deferred acquisition costs
(Download XLS:)  |
|
|
Notes |
Gross |
Reinsurance |
Gross |
Reinsurance |
|---|---|---|---|---|---|
|
Insurance contract deferred acquisition costs |
1,032 |
(81) |
983 |
(80) | |
|
Investment contract deferred acquisition costs |
968 |
– |
974 |
– | |
|
Deferred acquisition costs |
|
2,000 |
(81) |
1,957 |
(80) |
(ii) Insurance contract deferred acquisition costs
| (Download XLS:) |
|
|
Gross |
Reinsurance |
Gross |
Reinsurance |
|---|---|---|---|---|
|
As at 1 January |
983 |
(80) |
1,111 |
(90) |
|
Acquisition costs deferred |
150 |
(1) |
147 |
(2) |
|
Amortisation charged to income |
(164) |
8 |
(164) |
7 |
|
Increase/(decrease) due to currency translation |
27 |
(3) |
(116) |
10 |
|
Other |
36 |
(5) |
5 |
(5) |
|
As at 31 December |
1,032 |
(81) |
983 |
(80) |
|
To be amortised within 12 months |
106 |
(4) |
104 |
(3) |
|
To be amortised after 12 months |
926 |
(77) |
879 |
(77) |
Of the total gross deferred acquisition costs, £965m (2009: £907m) relates to the US insurance business.
(iii) Investment contract deferred acquisition costs
| (Download XLS:) |
|
|
Gross |
Reinsurance |
Gross |
Reinsurance |
|---|---|---|---|---|
|
As at 1 January |
974 |
– |
1,001 |
– |
|
Acquisition costs deferred |
109 |
– |
157 |
– |
|
Amortisation charged to income |
(108) |
– |
(169) |
– |
|
Decrease due to currency translation |
(1) |
– |
(5) |
– |
|
Other |
(6) |
– |
(10) |
– |
|
As at 31 December |
968 |
– |
974 |
– |
|
To be amortised within 12 months |
193 |
– |
136 |
– |
|
To be amortised after 12 months |
775 |
– |
838 |
– |
