Insurance premium income Less premiums ceded to reinsurers Net income Policy claims and benefits – gross amount Policy claims and benefits – Reinsurers’ share Change in insurance contract liabilities - gross amount Change in insurance contract liabilities – reinsurers’ share Movement in investment contract benefits Tax attributable to policyholders’ returns Profit before tax attributable to shareholders’ returns Less: tax attributable to policyholders’ returns Tax attributable to shareholders’ returns Shares in trust reserve ConsiderationPaidForOwnshares Retained earnings credit in respect of share option charges Deferred acquisition costs Intangible assets – Purchased value of in-force business Equities Investments – Fixed income securities Investment in Collective Investment Schemes Investment contract benefits Net asset value attributable to unit holders Preference shares Shares in trust reserve Net assets per share Contingent consideration classified as operating activities Proceeds from the issue of share capital and exercise of options classified as financing activities Consideration paid for own shares relating to cash flows from financing activities