4.4 Legal risk - Scor

20.1.6.20 NOTE 20 - INVESTMENT INCOME
The tables below show the analysis by type of investment income and split by category of financial assets:
ANALYSIS BY TYPE
In EUR million 2012 2011 2010
Interest income on investments 247 240 314
Dividends 34 50 40
Rental income from real estate 38 40 29
Other income (including cash and cash equivalent) 13 29 37
Ordinary investment income 332 359 420
Realized gains and losses on investments 161 187 206
Unrealized gains and losses on investments 8 (7) -
Investment impairment (72) (51) (57)
Real estate amortization (15) (11) (9)
Other investments expenses (14) (15) (35)
Net investment income excluding deposit and currency items 400 462 525
Interest income on funds withheld and contract deposit 213 205 217
Interest expense on funds withheld and contract deposit (11) (15) (19)
Currency gains (losses) 23 13 (15)
TOTAL INVESTMENT INCOME 625 665 708
ANALYSIS BY CATEGORY OF FINANCIAL ASSET
In EUR million 2012 2011 2010
Real estate investments 59 46 37
Available for sale investments 452 426 501
Investments at fair value through income 13 (1) 5
Loans and receivables 193 174 178
Derivative instruments (4) (8) (1)
Other (including cash and cash equivalents), net of other investment
expenses (88) 28 (12)
TOTAL 625 665 708
20.1.6.21 NOTE 21 – NET RESULTS OF RETROCESSION
The table below shows the net results of retrocession for the years ended 31 December 2012, 2011 and 2010:
SCOR
Global
Life
2012 2011 2010
SCOR
SCOR SCOR
SCOR SCOR
Global
Global Global
Global Global
P&C Total Life P&C Total Life P&C
In EUR million
Total
Ceded written premiums (531) (445) (976) (345) (391) (736) (286) (265) (551)
Change in ceded
unearned premiums - 8 8 (1) 32 31 1 7 8
Ceded earned premiums (531) (437) (968) (346) (359) (705) (285) (258) (543)
Ceded claims (1) 458 177 635 137 402 539 204 63 267
Ceded commissions 95 49 144 126 32 158 101 15 116
Net results of
retrocession 22 (211) (189) (83) 75 (8) 20 (180) (160)
(1) Total of 2011 includes inter-segment recharges of expenses of EUR 1 million which are eliminated on consolidation (refer to Note 2 – Segment Information)
20.1.6.22 NOTE 22 - OTHER OPERATING AND ADMINISTRATIVE EXPENSES
Other operating and administrative expenses include expenses incurred by the Group, excluding gross commissions, as
follows:
In EUR million 2012 2011 2010
Staff costs (1) 329 267 220
Taxes other than income taxes 18 12 17
Other costs 241 189 184
OTHER OPERATING AND ADMINISTRATIVE EXPENSES 588 468 421
(1) 2012 staff costs include the Transamerica Re staff costs over the full year 2012, while 2011 staff costs include them since August 2011, and an increase in staff
headcount at SCOR mainly in Paris. Staff costs in 2010 were positively impacted by the release of the provision related to sundry employee benefits schemes of
employees in Paris which were reformed or cancelled with an impact on 2010.
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