Annual Report 2021
Financial statements
6.2.2
Consolidated income statement
Consolidated income statement for the year ended 31 December
(in millions)Note20212020
Continuing operations
Gross written premiums6.6.15,8595,276
Change in provision for unearned premiums1624
Gross insurance premiums5,8755,300
Reinsurance premiums-99-100
Net insurance premiums5,7775,200
Investment income6.6.21,5711,488
Realised gains and losses6.6.3490396
Fair value gains and losses6.6.4110-49
Result on investments on behalf of policyholders1,636474
Result on investments related to investment contracts185-
Fee and commission income6.6.5204149
Other income6.6.65681
Share of result of associates and joint ventures94
Total income10,0367,743
Insurance claims and benefits-6,846-5,082
Insurance claims and benefits recovered from reinsurers2930
Net insurance claims and benefits6.6.7-6,817-5,051
Changes in liabilities arising from investment contracts-185-
Operating expenses6.6.8-725-701
Restructuring provision expenses-4-7
Commission expenses-526-516
Impairments6.6.9-22-167
Interest expense6.6.10-362-331
Other expenses6.6.11-186-141
Total expenses-2,010-1,862
Result before tax from continuing operations1,209829
Income tax (expense) / gain6.6.12-270-172
Result after tax from continuing operations939657
Discontinued operations
Result after tax from discontinued operations--2
Net result939656
Attributable to:
Non-controlling interests-3-1
- Shareholders of the parent894609
- Holders of other equity instruments4848
Result attributable to holders of equity instruments942657

The numbers following the line items refer to the relevant chapters in the notes.

Basic earnings per share
(in €)Note20212020
Basic earnings per share
Basic earnings per ordinary share from continuing operations6.5.136.564.40
Basic earnings per ordinary share from discontinued operations6.5.13--0.01
Basic earnings per share6.564.38
Diluted earnings per share
(in €)Note20212020
Diluted earnings per share
Diluted earnings per ordinary share from continuing operations6.5.135.773.91
Diluted earnings per ordinary share from discontinued operations6.5.13--0.01
Diluted earnings per share5.773.90