INSURANCE PREMIUM INCOME

12 Months Ended

Dec. 31, 2019

Disclosure of insurance premium revenue [text block] [Abstract]

Disclosure of insurance premium revenue [text block]

NOTE 8: INSURANCE PREMIUM INCOME

	2019			2018			2017
	£m			£m			£m
Life insurance
Gross premiums:
Life and pensions		6,827			6,612			6,273
Annuities		2,483			2,178			1,082
		9,310			8,790			7,355
Ceded reinsurance premiums		(378	)		(271	)		(168	)
Net earned premiums		8,932			8,519			7,187
Non-life insurance
Net earned premiums		642			670			743
Total net earned premiums		9,574			9,189			7,930