Loss and loss adjustment expense reserve (loss reserve)

Net loss reserve and its run-off in the Non-Life Reinsurance segment

The run-off triangles show the run-off of the net loss reserve established as at each balance sheet date in the Non-Life Reinsurance segment, this reserve comprising the provisions constituted in each case for the current and preceding occurrence years. The run-off of the reserve for individual occurrence years is not shown in this regard, but rather the run-off of the reserve constituted annually in the balance sheet as at the balance sheet date.

expand table

reduce table

 

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Figures in EUR million

                     

Loss and loss adjustment expense reserve

8,482

12,183

12,863

13,462

13,121

14,296

13,280

12,718

13,354

13,780

15,255

Cumulative payments for the year in question and previous years

                     

One year later

2,108

2,242

2,118

3,623

4,496

3,051

2,665

2,476

2,928

2,807

 

Two years later

3,112

3,775

5,024

7,322

6,611

5,072

4,390

4,250

4,573

   

Three years later

4,174

6,032

7,765

8,780

7,590

6,205

5,696

5,371

     

Four years later

5,745

8,589

8,909

9,519

8,356

7,306

6,501

       

Five years later

7,581

9,400

9,467

10,102

9,137

7,935

         

Six years later

8,114

9,786

9,897

10,734

9,596

           

Seven years later

8,405

10,122

10,457

11,082

             

Eight years later

8,611

10,533

10,724

               

Nine years later

8,891

10,735

                 

Ten years later

9,024

                   

Loss and loss adjustment expense reserve (net) for the year in question and previous years plus payments made to date on the original reserve at the end of the year

                     

One year later

9,422

11,604

11,743

13,636

14,433

13,074

12,366

12,171

13,265

14,303

 

Two years later

8,878

10,477

11,845

14,237

13,533

12,366

11,868

11,926

13,263

   

Three years later

8,186

10,744

12,373

13,597

13,061

11,977

11,645

12,040

     

Four years later

8,354

11,544

11,731

13,307

12,771

11,773

11,670

       

Five years later

9,102

11,051

11,666

13,122

12,618

11,769

         

Six years later

8,756

11,164

11,686

13,054

12,578

           

Seven years later

8,864

11,219

11,707

12,988

             

Eight years later

8,936

11,262

11,670

               

Nine years later

8,933

11,166

                 

Ten years later

8,866

                   

Run-off result of the loss reserve

67

28

–58

29

–26

–36

–29

–90

116

–525

 

Of which currency exchange rate differences

–94

–27

–28

–42

–47

–69

–65

–90

–139

–137

 

Run-off result excluding currency exchange rate differences

161

55

–30

71

21

33

36

255

–388

 

As percentage of original loss reserve

2

1

1

2

–3

 

The carrying amount of the reinsurance recoverables on unpaid claims of EUR 4.1 (4.7) billion includes cumulative specific value adjustments of EUR 4 (24) million. The total amount of the net reserves was EUR 24.4 (22.5) billion. The following breakdown of the durations refers to this amount.

 

2010

2009 1)

Duration of the reserve

Gross

Retro

Net

Gross

Retro

Net

Figures in EUR million

           

One year or less

9,403

1,516

7,887

8,201

1,427

6,774

Between one and five years

10,944

1,570

9,374

10,514

2,069

8,445

Between five and ten years

4,243

559

3,684

4,220

775

3,445

Between ten and twenty years

2,401

244

2,157

2,663

318

2,345

More than twenty years

1,094

84

1,010

1,302

73

1,229

Deposits

453

100

353

356

72

284

Total

28,538

4,073

24,465

27,256

4,734

22,522


1) Adjusted on the basis of IAS 8