# Council Directive of 19 December 1991 on the annual accounts and consolidated accounts of insurance undertakings (91/674/EEC), Article 34: Profit and loss account

Extent: E+W+S+N.I.

I. Technical account — Non-life-insurance business
1.
Earned premiums, net of reinsurance:
(a)
gross premiums written
…
(b)
outward reinsurance premiums (-)
…
…
(c)
change in the gross provision for unearned premiums and, in so far as national legislation authorizes the inclusion of this provision in liabilities item C (1), in the provision for unexpired risks (+ / -)
…
(d)
change in the provision for unearned premiums, reinsurers' share (+ / -)
…
…
…
2.
Allocated investment return transferred from the non-technical account (item III (6))
…
3.
Other technical income, net of reinsurance
…
4.
Claims incurred, net of reinsurance:
(a)
claims paid
(aa)
gross amount
…
(bb)
reinsurers' share (-)
…
…
(b)
change in the provision for claims,
(aa)
gross amount
…
(bb)
reinsurers' share (-)
…
…
…
5.
Changes in other technical provisions, net of reinsurance, not shown under other headings (+ / -)
…
6.
Bonuses and rebates, net of reinsurance
…
7.
Net operating expenses:
(a)
acquisition costs
…
(b)
change in deferred acquisition costs (+ / -)
…
(c)
administrative expenses
…
(d)
reinsurance commissions
and profit participation (-)
…
…
8.
Other technical charges, net of reinsurance
…
9.
Change in the equalization provision (+ / -)
…
10.
Sub-total (balance on the technical account for non-life-insurance business (item III 1)).
…
II. Technical account — Life-assurance business
1.
Earned premiums, net of reinsurance:
(a)
gross premiums written
…
(b)
outward reinsurance premiums (-)
…
(c)
change in the provision for unearned premiums, net of reinsurance (+ / -)
…
…
2.
Investment income:
(a)
income from participating interests,
with a separate indication of that derived from affiliated undertakings …
…
(b)
income from other investments,
with a separate indication of that derived from affiliated undertakings …
(aa)
income from land and buildings
…
(bb)
income from other investments
…
…
(c)
value re-adjustments on investments
…
(d)
gains on the realization of investments
…
…
3.
Unrealized gains on investments
…
4.
Other technical income, net of reinsurance
…
5.
Claims incurred, net of reinsurance:
(a)
claims paid
(aa)
gross amount
…
(bb)
reinsurers' share (-)
…
…
(b)
change in the provision for claims
(aa)
gross amount
…
(bb)
reinsurers' share (-)
…
…
…
6.
Change in other technical provisions, net of reinsurance, not shown under other headings (+ / -):
(a)
life assurance provision, net of reinsurance
(aa)
gross amount
…
(bb)
reinsurers' share (-)
…
…
(b)
other technical provisions, net of reinsurance
…
…
7.
Bonuses and rebates, net of reinsurance
…
8.
Net operating expenses:
(a)
acquisition costs,
…
(b)
change in deferred acquisition costs (+ / -)
…
(c)
administrative expenses
…
(d)
reinsurance commissions
and profit participation (-)
…
…
9.
Investment charges:
(a)
investment management charges, including interest
…
(b)
value adjustments on investments
…
(c)
losses on the realization of investments
…
…
10.
Unrealized losses on investments
…
11.
Other technical charges, net of reinsurance
…
12.
Allocated investment return transferred to the non-technical account (-) (item III 4))
…
13.
Sub-total: (balance on the technical account — life assurance business) (item III 2))
…
III. Non-technical account
1.
Balance on the technical account — non-life-insurance business (item I (10))
…
2.
Balance on the technical account — life-assurance business (item II (13))
…
3.
Investment income
(a)
income from participating interests,
with a separate indication of that derived from affiliated undertakings …
…
(b)
income from other investments,
with a separate indication of that derived from affiliated undertakings …
(aa)
income from land and buildings
…
(bb)
income from other investments
…
…
(c)
value re-adjustments on investments
…
(d)
gains on the realization of investments
…
…
4.
Allocated investment return transferred from the life-assurance technical account (item II (12))
…
5.
Investment charges:
(a)
investment management charges, including interest
…
(b)
value adjustments on investments
…
(c)
losses on the realization of investments
…
…
6.
Allocated investment return transferred to the non-life-insurance technical account (item I 2))
…
7.
Other income
…
8.
Other charges, including value adjustments
…
9.
Tax on profit or loss on ordinary activities
…
10.
Profit or loss on ordinary activities after tax
…
11.
Extraordinary income
…
12.
Extraordinary charges
…
13.
Extraordinary profit or loss
…
14.
Tax on extraordinary profit or loss
…
15.
Other taxes not shown under the preceding items
…
16.
Profit or loss for the financial year
…

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Source: https://www.legislation.gov.uk/eudr/1991/674/article/34 (the official version)
Page: https://openlegislation.uk/eu-directive-1991-674/article-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.