Loss and loss adjustment expense reserve (loss reserve)

Net loss reserve and its run-off in the primary insurance segments

The chart shows the run-off of the net loss reserves established by our property/casualty insurance companies as at each balance sheet date, this reserve comprising the provisions constituted in each case for the current and preceding occurrence years. The run-off of the reserves for individual occurrence years is not shown.

 

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Figures in EUR million

                     

Loss and loss adjustment expense reserve

3,942

3,912

3,903

4,217

4,879

5,818

6,095

6,242

6,042

6,122

6,700

Cumulative payments for the year in question and previous years

                     

One year later

1,031

802

872

632

740

1,150

991

1,486

1,008

1,355

 

Two years later

1,344

1,206

1,237

1,030

1,269

1,696

1,800

1,908

1,787

   

Three years later

1,596

1,449

1,528

1,409

1,667

2,255

2,030

2,484

     

Four years later

1,755

1,677

1,831

1,730

2,115

2,401

2,491

       

Five years later

1,904

1,907

2,091

2,083

2,219

2,805

         

Six years later

2,100

2,131

2,366

2,121

2,554

           

Seven years later

2,278

2,363

2,347

2,392

             

Eight years later

2,462

2,343

2,527

               

Nine years later

2,465

2,511

                 

Ten years later

2,609

                   

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

                     

One year later

3,696

3,426

3,824

3,863

4,493

5,077

5,205

5,659

5,356

5,917

 

Two years later

3,337

3,276

3,628

3,806

4,387

5,011

5,161

4,976

5,066

   

Three years later

3,198

3,334

3,671

3,895

4,381

5,089

4,760

5,398

     

Four years later

3,234

3,319

3,802

3,941

4,536

4,760

5,038

       

Five years later

3,196

3,505

3,842

4,065

4,302

4,999

         

Six years later

3,321

3,507

3,912

3,904

4,524

           

Seven years later

3,501

3,614

3,807

4,124

             

Eight years later

3,492

3,538

3,970

               

Nine years later

3,434

3,675

                 

Ten years later

3,535

                   

Run-off result of the loss reserve

407

238

–68

93

355

819

1,056

844

975

205

 

Of which currency exchange rate differences

50

114

121

36

–94

–123

–81

82

–71

–103

 

Run-off result excluding currency exchange rate differences

357

124

–189

57

449

942

1,137

762

1,046

308

 

As percentage of original loss reserve

9

3

–5

1

9

16

19

12

17

5