The ratios for the Non-life business for the year ended 31 December split by insurance segment are shown below.
 Download XLS |
|
Claims |
Expense |
Combined |
|
ratio |
ratio |
ratio |
2007 |
|
|
|
Insurance Belgium |
63.7% |
36.7% |
100.4% |
Insurance Netherlands |
59.2% |
33.3% |
92.5% |
Insurance International |
79.5% |
28.8% |
108.3% |
Non-life |
67.4% |
32.7% |
100.1% |
|
|
|
|
|
|
|
|
2006 |
|
|
|
Insurance Belgium |
61.6% |
37.4% |
99.0% |
Insurance Netherlands |
55.8% |
34.8% |
90.6% |
Insurance International |
67.1% |
33.0% |
100.1% |
Non-life |
61.2% |
34.9% |
96.1% |
|
|
|
|
|
|
|
|
2005 |
|
|
|
Insurance Belgium |
60.2% |
36.9% |
97.1% |
Insurance Netherlands |
57.3% |
34.9% |
92.2% |
Insurance International |
67.7% |
32.4% |
100.1% |
Non-life |
61.3% |
34.7% |
96.0% |
Claims ratio: the cost of claims, net of reinsurance, as a percentage of the net earned premiums, excluding the internal costs of handling claims.
Expense ratio: expenses as a percentage of the earned premiums, net of reinsurance. Expenses include internal costs of handling claims, plus net commissions charged to the year, less internal investment costs.
Combined ratio: the sum of the claims ratio and the expense ratio.