Reinsurance assets (Tables)

12 Months Ended

Dec. 31, 2021



Assets arising from reinsurance contracts related to:	2021		2020

Life insurance general account		19,409		17,421

Non-life insurance		1,245		1,144

Investment contracts		338		345

At December 31		20,992		18,910

Current		16		16

Non-current		20,976		18,895

Amounts due from reinsurers in respect of claims already paid by the Group are included in note 28 Other assets and receivables.


Movements during the year in reinsurance assets relating to life insurance:	Life insurance general account

At January 1, 2021		17,421

Gross premium and deposits – existing and new business		1,825

Unwind of discount / interest credited		828

Insurance liabilities released		(1,890	)

Fund charges released		(83	)

Changes to valuation of expected future benefits		(38	)

Net exchange differences		1,342

Transfer to/from insurance contracts		2

Other movements		1

At December 31, 2021		19,409

At January 1, 2020		18,464

Gross premium and deposits – existing and new business		2,080

Unwind of discount / interest credited		839

Insurance liabilities released		(2,529	)

Fund charges released		(103	)

Changes to valuation of expected future benefits		195

Net exchange differences		(1,536	)

Transfer to/from insurance contracts		8

Other movements		4

At December 31, 2020		17,421



Movements during the year in reinsurance assets relating to non-life insurance:	2021			2020

At January 1		1,144			1,376

Gross premium and deposits – existing and new business		129			97

Unwind of discount / interest credited		83			87

Insurance liabilities released		(113	)		(191	)

Changes in unearned premiums		(75	)		(38	)

Incurred related to current year		91			20

Incurred related to prior years		49			32

Release for claims settled current year		(29	)		(24	)

Release for claims settled prior years		(108	)		(130	)

Change in IBNR		1			4

Net exchange differences		84			(103	)

Other movements		(11	)		13

At December 31		1,245			1,144


Assets arising from reinsurance contracts related to:	2021		2020

Normal course of business		7,809		6,485

Exit of a business		13,183		12,426

At December 31		20,992		18,910