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4.4 Legal risk - Scor

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The following table sets forth the operating income for each of the Group’s operating segments as presented previously<br />

before refining the cost allocation methodology for the financial year ended 31 December 2010.<br />

31 December 2010<br />

Adjustments<br />

In EUR million<br />

SCOR Global<br />

Life<br />

SCOR Global<br />

P&C<br />

and eliminations<br />

Total<br />

Gross written premiums 3,035 3,659 - 6,694<br />

Change in gross unearned premiums 2 (111) - (109)<br />

Gross earned premiums 3,037 3,548 - 6,585<br />

Gross benefits and claims paid (2,376) (2,406) - (4,782)<br />

Gross commission expense (694) (714) - (1,408)<br />

GROSS TECHNICAL RESULT (2) (33) 428 - 395<br />

Ceded written premiums (286) (265) - (551)<br />

Change in ceded unearned premiums 1 7 - 8<br />

Ceded earned premiums (285) (258) - (543)<br />

Ceded claims 204 63 - 267<br />

Ceded commissions 101 15 - 116<br />

Net income from reinsurance operations 20 (180) - (160)<br />

NET TECHNICAL RESULT (2) (13) 248 - 235<br />

Other operating revenues (3) (18) (2) (23)<br />

of which other income and expenses excluded from<br />

combined ratio calculation - (27) (27)<br />

Investment revenues 153 213 1 367<br />

Interests on deposits 168 29 - 197<br />

Realized capital gains/(losses) on investments 52 157 (2) 207<br />

Change in fair value of investments 3 (3) - -<br />

Change in investment impairment (26) (40) - (66)<br />

Foreign exchange gains/(losses) - (15) - (15)<br />

Net investment income 350 341 (1) 690<br />

Investment management expenses (8) (25) - (33)<br />

Acquisition and administrative expenses (85) (133) (1) (219)<br />

Other current operating expenses (47) (86) 2 (131)<br />

CURRENT OPERATING RESULTS 194 327 (2) 519<br />

Other operating expenses - (29) - (29)<br />

Other operating income - - - -<br />

OPERATING RESULTS 194 298 (2) 490<br />

(1) Inter-segment recharges of expenses are eliminated on consolidation<br />

(2) Technical results are the balance of income and expenses allotted to the insurance business<br />

214

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