Consolidated income statement
Consolidated income statement
For the year ended 31 December 2009
| 2009 €m |
2009 £m |
2008 £m |
||
|---|---|---|---|---|
| Income | ||||
| 39,420 | Gross written premiums | 34,690 | 36,206 | |
| (2,927) | Premiums ceded to reinsurers | (2,576) | (1,841) | |
| 36,493 | Premiums written net of reinsurance | 32,114 | 34,365 | |
| 635 | Net change in provision for unearned premiums | 559 | 277 | |
| 37,128 | Net earned premiums | 32,673 | 34,642 | |
| 2,033 | Fee and commission income | 1,789 | 1,885 | |
| 28,377 | Net investment income/(expense) | 24,972 | (16,043) | |
| (572) | Share of loss after tax of joint ventures and associates | (504) | (1,128) | |
| 174 | Profit on the disposal of subsidiaries and associates | 153 | 7 | |
| 67,140 | 59,083 | 19,363 | ||
| Expenses | ||||
| (31,306) | Claims and benefits paid, net of recoveries from reinsurers | (27,549) | (29,353) | |
| (6,457) | Change in insurance liabilities, net of reinsurance | (5,682) | 3,885 | |
| (12,710) | Change in investment contract provisions | (11,185) | 10,629 | |
| (1,758) | Change in unallocated divisible surplus | (1,547) | 4,482 | |
| (4,995) | Fee and commission expense | (4,396) | (4,411) | |
| (6,098) | Other expenses | (5,366) | (5,416) | |
| (1,518) | Finance costs | (1,336) | (1,547) | |
| (64,842) | (57,061) | (21,731) | ||
| 2,298 | Profit/(loss) before tax | 2,022 | (2,368) | |
| (247) | Tax attributable to policyholders’ returns | (217) | 1,068 | |
| 2051 | Profit/(loss) before tax attributable to shareholders’ profits | 1,805 | (1,300) | |
| (804) | Tax (expense)/credit | (707) | 1,483 | |
| 247 | Less: tax attributable to policyholders’ returns | 217 | (1,068) | |
| (557) | Tax attributable to shareholders’ profits | (490) | 415 | |
| 1,494 | Profit/(loss) for the year | 1,315 | (885) | |
| Attributable to: | ||||
| 1,233 | Equity shareholders of Aviva plc | 1,085 | (915) | |
| 261 | Minority interests | 230 | 30 | |
| 1,494 | 1,315 | (885) | ||
| Earnings per share | ||||
| 43.0c | Basic (pence per share) | 37.8p | (36.8)p | |
| 42.6c | Diluted (pence per share) | 37.5p | (36.8)p |
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