F.10. Insurance liabilities
| In CZK million, as at 31 December | Direct insurance | Accepted reinsurance | Total |
| 2014 | 2013 | 2014 | 2013 | 2014 | 2013 |
| Non-life insurance liabilities | 23,176 | 22,345 | 847 | 812 | 24,023 | 23,157 |
| Provisions for unearned premium | 5,679 | 5,202 | 72 | 93 | 5,751 | 5,295 |
| Provisions for outstanding claims (RBNS) | 11,618 | 11,695 | 642 | 609 | 12,260 | 12,304 |
| Claims incurred but not reported (IBNR) | 5,613 | 5,197 | 112 | 86 | 5,725 | 5,283 |
| Other insurance liabilities | 266 | 251 | 21 | 24 | 287 | 275 |
| Life assurance liabilities | 52,925 | 59,964 | 2 | 2 | 52,927 | 59,966 |
| Provisions for unearned premium | 264 | 284 | — | — | 264 | 285 |
| Provisions for outstanding claims (RBNS) | 517 | 606 | 1 | 1 | 518 | 607 |
| Claims incurred but not reported (IBNR) | 1,190 | 1,126 | 1 | — | 1,191 | 1,126 |
| Mathematical provision | 43,842 | 47,296 | — | — | 43,842 | 47,296 |
| Unit-linked provision | 7,112 | 10,652 | — | — | 7,112 | 10,652 |
| Total | 76,101 | 82,309 | 849 | 814 | 76,950 | 83,123 |
| Current | 21,473 | 21,325 | 392 | 400 | 21,865 | 21,725 |
| Non-current | 54,628 | 60,984 | 457 | 414 | 55,085 | 61,398 |
XLS
F.10.1. Non-life insurance liabilities
F.10.1.1. Provision for unearned premiums
| In CZK million, for the year ended 31 December 2014 | Gross | Reinsurance | Net |
| Balance as at 1 January | 5,295 | (1,852) | 3,443 |
| Added during the year | 21,045 | (846) | 20,199 |
| Released to the income statement | (20,572) | 760 | (19,812) |
| Foreign currency translation | (17) | 180 | 163 |
| Balance as at 31 December | 5,751 | (1,758) | 3,993 |
XLS
| In CZK million, for the year ended 31 December 2013 | Gross | Reinsurance | Net |
| Balance as at 1 January | 4,849 | (1,838) | 3,011 |
| Added during the year | 20,412 | (2,840) | 17,572 |
| Released to the income statement | (19,936) | 2,692 | (17,244) |
| Foreign currency translation | (30) | 134 | 104 |
| Balance as at 31 December | 5,295 | (1,852) | 3,443 |
XLS
F.10.1.2. Provisions for outstanding claims
| In CZK million, for the year ended 31 December 2014 | Gross | Reinsurance | Net |
| Balance as at 1 January | 12,304 | (5,596) | 6,708 |
| Plus claims incurred | 11,155 | (4,806) | 6,349 |
Current year | 10,154 | (4,413) | 5,741 |
Transfer from IBNR | 1,001 | (393) | 608 |
| Less claims paid | (9,861) | 4,302 | (5,559) |
| Released to the income statement | (1,357) | 861 | (496) |
| Foreign currency translation | 19 | 3 | 22 |
| Balance as at 31 December | 12,260 | (5,236) | 7,024 |
XLS
| In CZK million, for the year ended 31 December 2013 | Gross | Reinsurance | Net |
| Balance as at 1 January | 12,126 | (5,078) | 7,048 |
| Plus claims incurred | 11,558 | (5,324) | 6,234 |
Current year | 10,650 | (4,962) | 5,688 |
Transfer from IBNR | 908 | (362) | 546 |
| Less claims paid | (10,336) | 4,818 | (5,518) |
| Released to the income statement | (1,190) | 32 | (1,158) |
| Foreign currency translation | 146 | (44) | 102 |
| Balance as at 31 December | 12,304 | (5,596) | 6,708 |
XLS
F.10.1.3. Claims incurred but not reported
| In CZK million, for the year ended 31 December 2014 | Gross | Reinsurance | Net |
| Balance as at 1 January | 5,283 | (2,071) | 3,212 |
| Plus additions recognised during the year | 2,567 | (991) | 1,576 |
| Less transfer to claims reported provision | (1,001) | 393 | (608) |
| Released to the income statement | (1,114) | 455 | (659) |
| Foreign currency translation | (10) | 5 | (5) |
| Balance as at 31 December | 5,725 | (2,209) | 3,516 |
XLS
| In CZK million, for the year ended 31 December 2013 | Gross | Reinsurance | Net |
| Balance as at 1 January | 4,991 | (2,009) | 2,982 |
| Plus additions recognised during the year | 2,269 | (891) | 1,378 |
| Less transfer to claims reported provision | (908) | 362 | (546) |
| Released to the income statement | (1,098) | 560 | (538) |
| Foreign currency translation | 29 | (93) | (64) |
| Balance as at 31 December | 5,283 | (2,071) | 3,212 |
XLS
F.10.1.4. Development of policyholders claims (RBNS and IBNR)
| In CZK million, for the year ended 31 December 2014 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | Total |
| Estimate of cumulative claims at the end of accident year | 13,992 | 13,859 | 12,543 | 11,920 | 12,175 | 11,902 | 11,267 | 11,198 | 10,875 | 11,970 | — |
| One year later | 13,462 | 13,205 | 12,540 | 11,871 | 12,028 | 11,672 | 10,673 | 11,087 | 10,390 | — | — |
| Two years later | 13,083 | 13,110 | 12,215 | 11,512 | 11,908 | 11,595 | 10,553 | 10,814 | — | — | — |
| Three years later | 12,794 | 12,899 | 11,979 | 11,421 | 11,730 | 11,317 | 10,262 | — | — | — | — |
| Four years later | 12,578 | 12,553 | 11,657 | 11,175 | 11,503 | 10,823 | — | — | — | — | — |
| Five years later | 12,409 | 12,373 | 11,421 | 10,987 | 11,279 | — | — | — | — | — | — |
| Six years later | 12,278 | 12,292 | 11,267 | 10,853 | — | — | | | | — | — |
| Seven years later | 12,199 | 12,114 | 11,162 | — | — | — | — | — | — | — | — |
| Eight years later | 12,131 | 12,068 | — | — | — | — | — | — | — | — | — |
| Nine years later | 12,091 | — | — | — | — | — | — | — | — | — | — |
| Estimate of cumulative claims | 12,091 | 12,068 | 11,162 | 10,853 | 11,279 | 10,823 | 10,262 | 10,814 | 10,390 | 11,970 | 111,712 |
| Cumulative payments | 11,804 | 11,621 | 10,701 | 10,373 | 10,558 | 9,963 | 8,926 | 8,968 | 7,844 | 6,183 | 96,941 |
| catastrophic events | — | — | — | — | — | — | — | — | — | — | 951 |
| accepted reinsurance | — | — | — | — | — | — | — | — | — | — | 754 |
| Provisions for outstanding claims not included in accident year | — | — | — | — | — | — | — | — | — | — | 1,509 |
| Amount recognised in the Statement of Financial Position | 287 | 447 | 461 | 480 | 721 | 860 | 1,336 | 1,846 | 2,546 | 5,787 | 17,985 |
XLS
Information in the table also includes claims handling costs. Provisions for outstanding claims which were not included in the analysis by accident year include provision for claims which occurred before 2005 of CZK 1,368 million and provisions related to minor non-life insurance products.
| In CZK million, for the year ended 31 December 2013 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | Total |
| Estimate of cumulative claims at the end of accident year | 13,372 | 13,992 | 13,859 | 12,543 | 11,920 | 12,175 | 11,902 | 11,267 | 11,198 | 10,875 | — |
| One year later | 13,038 | 13,462 | 13,205 | 12,540 | 11,871 | 12,028 | 11,672 | 10,673 | 11,087 | — | — |
| Two years later | 12,853 | 13,083 | 13,110 | 12,215 | 11,512 | 11,908 | 11,595 | 10,553 | — | — | — |
| Three years later | 12,615 | 12,794 | 12,899 | 11,979 | 11,421 | 11,730 | 11,317 | — | — | — | — |
| Four years later | 12,338 | 12,578 | 12,553 | 11,657 | 11,175 | 11,503 | — | — | — | — | — |
| Five years later | 12,207 | 12,409 | 12,373 | 11,421 | 10,987 | — | — | — | — | — | — |
| Six years later | 12,050 | 12,278 | 12,292 | 11,267 | — | — | — | — | — | — | — |
| Seven years later | 12,059 | 12,199 | 12,114 | — | — | — | — | — | — | — | — |
| Eight years later | 12,032 | 12,131 | — | — | — | — | — | — | — | — | — |
| Nine years later | 11,874 | — | — | — | — | — | — | — | — | — | — |
| Estimate of cumulative claims | 11,874 | 12,131 | 12,114 | 11,267 | 10,987 | 11,503 | 11,317 | 10,553 | 11,087 | 10,875 | 113,708 |
| Cumulative payments | 11,489 | 11,783 | 11,586 | 10,678 | 10,305 | 10,489 | 9,857 | 8,799 | 8,605 | 5,768 | 99,359 |
| catastrophic events | — | — | — | — | — | — | — | — | — | — | 1,191 |
| accepted reinsurance | — | — | — | — | — | — | — | — | — | — | 695 |
| Provisions for outstanding claims not included in accident year | — | — | — | — | — | — | — | — | — | — | 1,352 |
| Amount recognised in the Statement of Financial Position | 385 | 348 | 528 | 589 | 682 | 1,014 | 1,460 | 1,754 | 2,482 | 5,107 | 17,587 |
XLS
Information in the table also includes claims handling costs. Provisions for outstanding claims which were not included in the analysis by accident year include provision for claims which occurred before 2004 of CZK 1,195 million and provisions related to minor non-life insurance products.
F.10.1.5. Other insurance liabilities
Contractual non-discretionary bonuses:
| In CZK million, for the year ended 31 December 2014 | Gross | Reinsurance | Net |
| Balance as at 1 January | 275 | (34) | 241 |
| Creation of provisions | 347 | (34) | 313 |
| Utilisation of provisions | (334) | 26 | (308) |
| Foreign currency translation | (1) | — | (1) |
| Balance as at 31 December | 287 | (42) | 245 |
XLS
| In CZK million, for the year ended 31 December 2013 | Gross | Reinsurance | Net |
| Balance as at 1 January | 391 | (41) | 350 |
| Creation of provisions | 363 | (24) | 339 |
| Utilisation of provisions | (480) | 31 | (449) |
| Foreign currency translation | 1 | — | 1 |
| Balance as at 31 December | 275 | (34) | 241 |
XLS
F.10.2. Life assurance liabilities
| In CZK million, for the year ended 31 December 2014 | Gross | Reinsurance | Net |
| Balance as at 1 January | 59,966 | (717) | 59,249 |
| Premium allocation | 13,925 | — | 13,925 |
| Release of liabilities due to benefits paid, surrenders and other terminations | (19,615) | — | (19,615) |
| Fees deducted from account balances | (2,597) | — | (2,597) |
| Unwinding of discount / accretion of interest | 1,278 | — | 1,278 |
| Changes in unit-prices | 16 | — | 16 |
| Change in IBNR and RBNS | (25) | 5 | (20) |
| Change in UPR | (21) | 3 | (18) |
| Balance as at 31 December | 52,927 | (709) | 52,218 |
XLS
| In CZK million, for the year ended 31 December 2013 | Gross | Reinsurance | Net |
| Balance as at 1 January | 63,283 | (736) | 62,547 |
| Premium allocation | 11,523 | — | 11,523 |
| Release of liabilities due to benefits paid, surrenders and other terminations | (14,381) | — | (14,381) |
| Fees deducted from account balances | (2,261) | — | (2,261) |
| Unwinding of discount / accretion of interest | 1,426 | — | 1,426 |
| Changes in unit-prices | 454 | — | 454 |
| Change in IBNR and RBNS | (59) | 20 | (39) |
| Change in UPR | (19) | (1) | (20) |
| Balance as at 31 December | 59,966 | (717) | 59,249 |
XLS
F.10.2.1. Insurance liabilities and investment contract liabilities related to policies of the life segment
| In CZK million, as at 31 December | 2014 | 2013 |
| Insurance contracts | 50,826 | 57,874 |
| Investments contracts with discretionary participation feature | 2,101 | 2,092 |
| Total | 52,927 | 59,966 |
| Current portion | 7,931 | 8,944 |
| Non-current portion | 44,996 | 51,022 |
XLS