Note 10 Premiums written

For the years ended 31 December

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2011
USD millions

Property & Casualty Reinsurance

Life & Health Reinsurance

Corporate Solutions

Admin Re®

Group items

Consoli-
dation

Total

Gross premiums written, thereof:

 

 

 

 

 

 

 

Direct

 

27

1 940

1 142

 

 

3 109

Reinsurance

14 810

10 136

436

178

–5

 

25 555

Intra-group transactions (assumed)

401

109

553

 

 

–1 063

0

Gross premiums written

15 211

10 272

2 929

1 320

–5

–1 063

28 664

Intra-group transactions (ceded)

–553

 

–401

–109

 

1 063

0

Gross premiums written before retrocession to external parties

14 658

10 272

2 528

1 211

–5

 

28 664

Reinsurance ceded to external parties

–3 017

–1 882

–593

–304

 

 

–5 796

Net premiums written

11 641

8 390

1 935

907

–5

0

22 868

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012
USD millions

Property & Casualty Reinsurance

Life & Health Reinsurance

Corporate Solutions

Admin Re®

Group items

Consoli-
dation

Total

Gross premiums written, thereof:

 

 

 

 

 

 

 

Direct

 

388

2 637

1 207

 

 

4 232

Reinsurance

16 387

10 464

444

196

 

 

27 491

Intra-group transactions (assumed)

239

249

648

 

 

–1 136

0

Gross premiums written

16 626

11 101

3 729

1 403

 

–1 136

31 723

Intra-group transactions (ceded)

–648

 

–239

–249

 

1 136

0

Gross premiums written before retrocession to external parties

15 978

11 101

3 490

1 154

 

 

31 723

Reinsurance ceded to external parties

–3 571

–1 870

–780

–158

 

 

–6 379

Net premiums written

12 407

9 231

2 710

996

0

0

25 344