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   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296139\"><span class=\"number\">7.1.1 </span><span class=\"title-text\">General information </span></h1><p>ASR Nederland N.V. (a.s.r. or 'the Group') is one of the largest insurers in the Netherlands. a.s.r. helps its customers share risks and build up capital for the future. a.s.r. does this with services and products that are good for 'Nu, later en altijd', in the fields of insurance, pensions, and mortgages for customers, businesses and employers. a.s.r. is also active as an asset manager for third parties. In 2025, a.s.r. sold insurance products under the following labels: a.s.r., Aegon, and Loyalis. </p><p>a.s.r. is listed on Euronext Amsterdam and is included in the AEX index. a.s.r. has a total of 8,689 internal FTE\u2019s (2024: 7,373). </p><p>a.s.r. is a public limited company under Dutch law having its registered office located at Archimedeslaan 10, 3584 BA in Utrecht, the Netherlands. Country of incorporation is the Netherlands. a.s.r. has chosen the Netherlands as \u2018country of origin\u2019 (land van herkomst) for the issued share capital and some corporate bonds which are listed on Euronext Amsterdam and Euronext Dublin (Ticker: ASRNL). </p><p>a.s.r. is registered under number 30070695 in the register of the Chamber of Commerce. </p><p>The consolidated financial statements are presented in millions of euros (\u20ac), being the functional currency of a.s.r. and all its group entities. All amounts quoted in these financial statements are in euros and rounded to the nearest million, unless otherwise indicated. Calculations are made using unrounded figures. As a result rounding differences can occur. </p><p>These statements have been prepared on a going concern basis. </p><p>The financial statements for 2025 were authorised for issue by the Executive Board (EB) and approved by the Supervisory Board (SB) on 24 March 2026. The financial statements 2025 will be presented to the Annual General Meeting (AGM) of Shareholders for adoption on 20 May 2026. </p>",
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   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296139\"><span class=\"number\">7.1.1 </span><span class=\"title-text\">General information </span></h1><p>ASR Nederland N.V. (a.s.r. or 'the Group') is one of the largest insurers in the Netherlands. a.s.r. helps its customers share risks and build up capital for the future. a.s.r. does this with services and products that are good for 'Nu, later en altijd', in the fields of insurance, pensions, and mortgages for customers, businesses and employers. a.s.r. is also active as an asset manager for third parties. In 2025, a.s.r. sold insurance products under the following labels: a.s.r., Aegon, and Loyalis. </p><p>a.s.r. is listed on Euronext Amsterdam and is included in the AEX index. a.s.r. has a total of 8,689 internal FTE\u2019s (2024: 7,373). </p><p>a.s.r. is a public limited company under Dutch law having its registered office located at Archimedeslaan 10, 3584 BA in Utrecht, the Netherlands. Country of incorporation is the Netherlands. a.s.r. has chosen the Netherlands as \u2018country of origin\u2019 (land van herkomst) for the issued share capital and some corporate bonds which are listed on Euronext Amsterdam and Euronext Dublin (Ticker: ASRNL). </p><p>a.s.r. is registered under number 30070695 in the register of the Chamber of Commerce. </p><p>The consolidated financial statements are presented in millions of euros (\u20ac), being the functional currency of a.s.r. and all its group entities. All amounts quoted in these financial statements are in euros and rounded to the nearest million, unless otherwise indicated. Calculations are made using unrounded figures. As a result rounding differences can occur. </p><p>These statements have been prepared on a going concern basis. </p><p>The financial statements for 2025 were authorised for issue by the Executive Board (EB) and approved by the Supervisory Board (SB) on 24 March 2026. The financial statements 2025 will be presented to the Annual General Meeting (AGM) of Shareholders for adoption on 20 May 2026. </p>",
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   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296139\"><span class=\"number\">7.1.1 </span><span class=\"title-text\">General information </span></h1><p>ASR Nederland N.V. (a.s.r. or 'the Group') is one of the largest insurers in the Netherlands. a.s.r. helps its customers share risks and build up capital for the future. a.s.r. does this with services and products that are good for 'Nu, later en altijd', in the fields of insurance, pensions, and mortgages for customers, businesses and employers. a.s.r. is also active as an asset manager for third parties. In 2025, a.s.r. sold insurance products under the following labels: a.s.r., Aegon, and Loyalis. </p><p>a.s.r. is listed on Euronext Amsterdam and is included in the AEX index. a.s.r. has a total of 8,689 internal FTE\u2019s (2024: 7,373). </p><p>a.s.r. is a public limited company under Dutch law having its registered office located at Archimedeslaan 10, 3584 BA in Utrecht, the Netherlands. Country of incorporation is the Netherlands. a.s.r. has chosen the Netherlands as \u2018country of origin\u2019 (land van herkomst) for the issued share capital and some corporate bonds which are listed on Euronext Amsterdam and Euronext Dublin (Ticker: ASRNL). </p><p>a.s.r. is registered under number 30070695 in the register of the Chamber of Commerce. </p><p>The consolidated financial statements are presented in millions of euros (\u20ac), being the functional currency of a.s.r. and all its group entities. All amounts quoted in these financial statements are in euros and rounded to the nearest million, unless otherwise indicated. Calculations are made using unrounded figures. As a result rounding differences can occur. </p><p>These statements have been prepared on a going concern basis. </p><p>The financial statements for 2025 were authorised for issue by the Executive Board (EB) and approved by the Supervisory Board (SB) on 24 March 2026. The financial statements 2025 will be presented to the Annual General Meeting (AGM) of Shareholders for adoption on 20 May 2026. </p>",
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   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296139\"><span class=\"number\">7.1.1 </span><span class=\"title-text\">General information </span></h1><p>ASR Nederland N.V. (a.s.r. or 'the Group') is one of the largest insurers in the Netherlands. a.s.r. helps its customers share risks and build up capital for the future. a.s.r. does this with services and products that are good for 'Nu, later en altijd', in the fields of insurance, pensions, and mortgages for customers, businesses and employers. a.s.r. is also active as an asset manager for third parties. In 2025, a.s.r. sold insurance products under the following labels: a.s.r., Aegon, and Loyalis. </p><p>a.s.r. is listed on Euronext Amsterdam and is included in the AEX index. a.s.r. has a total of 8,689 internal FTE\u2019s (2024: 7,373). </p><p>a.s.r. is a public limited company under Dutch law having its registered office located at Archimedeslaan 10, 3584 BA in Utrecht, the Netherlands. Country of incorporation is the Netherlands. a.s.r. has chosen the Netherlands as \u2018country of origin\u2019 (land van herkomst) for the issued share capital and some corporate bonds which are listed on Euronext Amsterdam and Euronext Dublin (Ticker: ASRNL). </p><p>a.s.r. is registered under number 30070695 in the register of the Chamber of Commerce. </p><p>The consolidated financial statements are presented in millions of euros (\u20ac), being the functional currency of a.s.r. and all its group entities. All amounts quoted in these financial statements are in euros and rounded to the nearest million, unless otherwise indicated. Calculations are made using unrounded figures. As a result rounding differences can occur. </p><p>These statements have been prepared on a going concern basis. </p><p>The financial statements for 2025 were authorised for issue by the Executive Board (EB) and approved by the Supervisory Board (SB) on 24 March 2026. The financial statements 2025 will be presented to the Annual General Meeting (AGM) of Shareholders for adoption on 20 May 2026. </p>",
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   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296139\"><span class=\"number\">7.1.1 </span><span class=\"title-text\">General information </span></h1><p>ASR Nederland N.V. (a.s.r. or 'the Group') is one of the largest insurers in the Netherlands. a.s.r. helps its customers share risks and build up capital for the future. a.s.r. does this with services and products that are good for 'Nu, later en altijd', in the fields of insurance, pensions, and mortgages for customers, businesses and employers. a.s.r. is also active as an asset manager for third parties. In 2025, a.s.r. sold insurance products under the following labels: a.s.r., Aegon, and Loyalis. </p><p>a.s.r. is listed on Euronext Amsterdam and is included in the AEX index. a.s.r. has a total of 8,689 internal FTE\u2019s (2024: 7,373). </p><p>a.s.r. is a public limited company under Dutch law having its registered office located at Archimedeslaan 10, 3584 BA in Utrecht, the Netherlands. Country of incorporation is the Netherlands. a.s.r. has chosen the Netherlands as \u2018country of origin\u2019 (land van herkomst) for the issued share capital and some corporate bonds which are listed on Euronext Amsterdam and Euronext Dublin (Ticker: ASRNL). </p><p>a.s.r. is registered under number 30070695 in the register of the Chamber of Commerce. </p><p>The consolidated financial statements are presented in millions of euros (\u20ac), being the functional currency of a.s.r. and all its group entities. All amounts quoted in these financial statements are in euros and rounded to the nearest million, unless otherwise indicated. Calculations are made using unrounded figures. As a result rounding differences can occur. </p><p>These statements have been prepared on a going concern basis. </p><p>The financial statements for 2025 were authorised for issue by the Executive Board (EB) and approved by the Supervisory Board (SB) on 24 March 2026. The financial statements 2025 will be presented to the Annual General Meeting (AGM) of Shareholders for adoption on 20 May 2026. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294425\"><span class=\"number\">7.6.11 </span><span class=\"title-text\">Operating and other expenses </span></h1><h3 class=\"table-title\">Operating and other expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Salaries and wages </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-615 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-567 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Social security contributions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-81 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefit charges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-115 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-113 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee discounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-33 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cost of own staff </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-854 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-797 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost of external staff </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-188 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-204 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Consultancy costs and fees </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-221 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-209 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Marketing, advertising and public relations expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Technology and system costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-155 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-165 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of other intangible assets (chapter 7.5.1) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-47 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Depreciation of property, plant and equipment (chapter 7.5.2) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Restructuring provision expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-27 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Commission expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-805 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-789 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Costs associated with sale of development property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Operating expenses of wind farms and solar parks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments on non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Realised losses on derecognition of associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts attributed to insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows recognised in profit or loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Presentation of the operating and other expenses in the income statement </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total operating expenses are presented in the following income statement line items: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,359 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,350 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-215 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-205 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-864 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-821 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Segmentation of a.s.r.'s internal workforce </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Segments </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,764 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,728 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">899 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">752 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">771 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution and Services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,743 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,436 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Holding and Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,580 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,687 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total workforce </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,689 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,373 </b></td></tr></tbody></table><br/><p>The average number of of employees working for a.s.r. in 2025 is 7,669 FTE (2024: 7,526 FTE). </p><p>Employees related to administrative activities and overhead are allocated to segment Holding and Other. </p><p>During 2025, a.s.r.'s workforce increased, which is primarily driven by the acquisition of HumanTotalCare on 1 October, adding 1,428 FTE to a.s.r.'s workforce. </p><p>The following fees for the financial years have been charged by the Group's auditor to a.s.r. and its subsidiaries, on an accrual basis (excluding VAT). </p><p>Consultancy cost and fees include the Auditor's fee. For information on Auditor's fees see the table below: </p><h3 class=\"table-title\">Auditor's fees </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">Other auditor </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit of the financial statements </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">15.2 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">15.9 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit-related services </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">2.3 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1.2 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">2.3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total audit fees </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>17.5 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>1.2 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>18.2 </b></td></tr></tbody></table><br/><p>Fees for audit engagements include fees paid for the audit of the consolidated and company financial statements, interim reports and other reports. </p><p>In the above-mentioned years the fees relate to the network of the Group's auditor. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "nameofreportingentityorothermeansofidentification-inlinetag-i6967": {
   "value": "ASR Nederland N.V.",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "descriptionofnatureofentitysoperationsandprincipalactivities-inlinetag-i6968": {
   "value": "in the fields of insurance, pensions, and mortgages for customers, businesses and employers. a.s.r. is also active as an asset manager for third parties.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "legalformofentity-inlinetag-i6969": {
   "value": "public limited company",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "addressofregisteredofficeofentity-inlinetag-i6970": {
   "value": "Archimedeslaan 10, 3584 BA",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "principalplaceofbusiness-inlinetag-i6971": {
   "value": "Utrecht",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "domicileofentity-inlinetag-i6972": {
   "value": "the Netherlands",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "countryofincorporation-inlinetag-i6973": {
   "value": "the Netherlands",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i6979": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296165\"><span class=\"number\">7.1.2 </span><span class=\"title-text\">Statement of compliance </span></h1><p>The consolidated financial statements of a.s.r. have been prepared in accordance with International Financial Reporting Standards Accounting Standards (IFRS) \u2013 including the International Accounting Standards (IAS) and Interpretations \u2013 as adopted by the EU (EU-IFRS), and with the financial reporting requirements included in Title 9, Book 2 of the Dutch Civil Code, where applicable. a.s.r.'s interpretation of EU-IFRS is included in the a.s.r. accounting manual. The accounting policies included in <a href=\"#n4294602\" title=\"Accounting policies\">section 7.3</a> are a summary of the relevant accounting policies of the a.s.r. accounting manual. </p><p>EU-IFRS differs from International Financial Reporting Standards Accounting Standards as issued by the International Accounting Standards Board (IFRS). Under EU-IFRS, a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 of IFRS. This is the only difference between EU-IFRS as applied by a.s.r. and IFRS. </p><p>Pursuant to the options offered by Section 362, Book 2 of the Dutch Civil Code, a.s.r. has prepared its company financial statements in accordance with the same principles as those used for the consolidated financial statements. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i6980": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296165\"><span class=\"number\">7.1.2 </span><span class=\"title-text\">Statement of compliance </span></h1><p>The consolidated financial statements of a.s.r. have been prepared in accordance with International Financial Reporting Standards Accounting Standards (IFRS) \u2013 including the International Accounting Standards (IAS) and Interpretations \u2013 as adopted by the EU (EU-IFRS), and with the financial reporting requirements included in Title 9, Book 2 of the Dutch Civil Code, where applicable. a.s.r.'s interpretation of EU-IFRS is included in the a.s.r. accounting manual. The accounting policies included in <a href=\"#n4294602\" title=\"Accounting policies\">section 7.3</a> are a summary of the relevant accounting policies of the a.s.r. accounting manual. </p><p>EU-IFRS differs from International Financial Reporting Standards Accounting Standards as issued by the International Accounting Standards Board (IFRS). Under EU-IFRS, a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 of IFRS. This is the only difference between EU-IFRS as applied by a.s.r. and IFRS. </p><p>Pursuant to the options offered by Section 362, Book 2 of the Dutch Civil Code, a.s.r. has prepared its company financial statements in accordance with the same principles as those used for the consolidated financial statements. </p>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "intangible-assets-31-december-2025-e11-i6994": {
   "value": "805000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IntangibleAssetsAndGoodwill",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "intangible-assets-31-december-2024-restated-f11-i6995": {
   "value": "592000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IntangibleAssetsAndGoodwill",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "property-plant-and-equipment-31-december-2025-e12-i6999": {
   "value": "678000000.0",
   "decimals": -6,
   "dimensions": {
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    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
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   "value": "2709000000.0",
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   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
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  "cash-and-cash-equivalents-as-at-31-december-2024-restated-d42-i8136": {
   "value": "4194000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
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  "xbrlvalue-profitlossbeforetaxcontinuingoperations-i8137": {
   "value": "1464000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ASR:ProfitLossBeforeTaxContinuingOperations",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "xbrlvalue-profitlossbeforetaxdiscontinuedoperations-i8138": {
   "value": "161000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ASR:ProfitLossBeforeTaxDiscontinuedOperations",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "xbrlvalue-profitlossfromdiscontinuedoperations-i8139": {
   "value": "-121000000.0",
   "decimals": -6,
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    "concept": "ifrs-full:ProfitLossFromDiscontinuedOperations",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
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  "section-blocktag-i8140": {
   "value": "<div class=\"tanPageBreak start-node\"></div><h1 class=\"S_CHAPTER\" id=\"n4294602\"><span class=\"number\">7.3 </span><span class=\"title-text\">Accounting policies </span></h1><h1 class=\"S_PARAGRAPH\" id=\"n4294926\"><span class=\"number\">7.3.1 </span><span class=\"title-text\">Changes in EU endorsed published IFRS Standards and Interpretations effective in 2025 </span></h1><p>In 2025, no changes in EU endorsed published IFRS Standards and Interpretations are relevant to a.s.r. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294941\"><span class=\"number\">7.3.2 </span><span class=\"title-text\">Changes in accounting policies and presentations </span></h1><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294956\"><span class=\"number\">7.3.2.1 </span><span class=\"title-text\">Changes in accounting policies </span></h1><div class=\"header header-2\">Change in accounting policy for the measurement of the liability for remaining coverage and incurred claims for Individual disability contracts </div><p>In 2025, a.s.r. implemented a voluntary change in accounting policy regarding the treatment of incurred claims within the Individual Disability portfolio. Under IFRS 17, entities may exercise judgment in determining whether a claim incurred, while the contract remains subject to future insurance risk, should be recognised as a Liability for Incurred Claims or included in the Liability for Remaining Coverage. </p><p>At the implementation of IFRS 17, a.s.r.\u00a0 opted for the Liability for Incurred Claims accounting policy choice for the entire Income portfolio, including individual income products with incurred claims subject to future insurance risk. </p><p>After three years of practical experience and a more detailed analysis, a.s.r. reassessed this accounting policy choice. The review concluded that the Individual Disability portfolio differs significantly from the Group Disability and Sickness Leave portfolios in several respects, such as coverage structure, risk profile, claim timing and predictability, and the nature of services provided to policyholders. This reassessment was driven by the inherent complexity and volatility in measuring the Individual Disability portfolio. </p><p>Based on the work performed, a.s.r. changed the accounting policy choice for incurred claims that remain subject to future insurance risk, and these are now accounted for under the Liability for Remaining Coverage. Consequently, related experience adjustments (linked to current and past services) are recognised in the CSM rather than in the insurance service result. The revised accounting policy change aims to reduce complexity and improve the relevance of financial information, it better reflects the services provided to policyholders and aligns with the recently emerged market practice, enhancing comparability and consistency across the industry. </p><p>As part of the Individual Disability portfolio is reinsured, this change also impacts the accounting for related reinsurance contracts, as the best estimate cash flows of the underlying policies form the basis for measuring those contracts. </p><p>Because of the time needed for this thorough review and the accounting policy change decision in the second half-year of 2025, the first half-year 2025 reporting was still prepared on the previous accounting policy choice. </p><div class=\"header header-3\">Impact of the change </div><p>The change in accounting policy is applied retrospectively. The difference between the actually reported and the revised performance based on the new accounting policy choice is reflected in the table below on the next page. </p><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Reconciliation change in accounting policies </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-center border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;\">Previously reported </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Impact of Accounting Policy Change </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Restated Amount </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Balance sheet 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance contract assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">501 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">518 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,583 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,768 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,771 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Retained earnings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,147 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">42 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,190 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63,302 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63,262 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total equity and liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,768 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,771 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Balance sheet 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance contract assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">485 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">491 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,342 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,323 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,595 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,582 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Retained earnings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,528 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">54 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,582 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64,267 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-68 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64,200 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total equity and liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,595 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,582 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Income statement 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,601 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,601 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><i>Incurred claims and benefits </i></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-7,389 </i></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>30 </i></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-7,359 </i></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8,739 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8,710 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result before reinsurance </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>862 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>29 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>891 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-101 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>772 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>790 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance and reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5,731 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5,733 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment and finance result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>843 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>842 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,447 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,464 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Income tax (expense) / gain </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-383 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-387 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>944 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>12 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>956 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Income statement HY2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,944 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,943 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><i>Incurred claims and benefits </i></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-3,836 </i></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>4 </i></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-3,832 </i></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,542 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,539 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result before reinsurance </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>402 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>404 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-45 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-56 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>356 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-8 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>349 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance and reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,551 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,554 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment and finance result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-143 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-140 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>168 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>163 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Income tax (expense) / gain </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-35 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>133 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>130 </b></td></tr></tbody></table><br/><p>The total after\u2011tax impact of the accounting policy change is an increase in total equity as at 31 December 2024 of <span style=\"white-space:nowrap;\">\u20ac\u00a054 million</span> (1 January 2024: <span style=\"white-space:nowrap;\">\u20ac\u00a042 million</span>). </p><p>The impact of the accounting policy change on the CSM as at 31 December 2024 is a decrease of <span style=\"white-space:nowrap;\">\u20ac\u00a073 million</span> (1 January 2024: decrease of <span style=\"white-space:nowrap;\">\u20ac\u00a057 million</span>). See <a href=\"#n4293481\" title=\"Insurance contracts - Non-life\">section 7.5.13.1</a> for further details. </p><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294976\"><span class=\"number\">7.3.2.2 </span><span class=\"title-text\">Changes in presentation </span></h1><p>In 2025, no changes in presentation are made by a.s.r. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294988\"><span class=\"number\">7.3.3 </span><span class=\"title-text\">Upcoming changes in published IFRS standards and interpretations, not yet effective in 2025 </span></h1><p>The following new standards, amendments to existing standards and interpretations, relevant to a.s.r. and published prior to 1 January 2026 and effective for accounting periods beginning on or after 1 January 2026, were not early adopted by a.s.r.: </p><ul><li><p>IFRS 18: Presentation and Disclosure in Financial Statements (2027); </p></li></ul><div class=\"header header-2\">IFRS 18 Presentation and Disclosure in Financial Statements </div><p>IFRS 18 replaces IAS 1, carrying forward many of the requirements in IAS 1 unchanged and introduces the following key changes: </p><ul><li><p>present specified categories (operating, investing, financing) and defined subtotals in the income statement; </p></li><li><p>provide disclosures on management-defined performance measures (MPMs) in the notes to the financial statements; </p></li><li><p>enhance criteria for aggregating and disaggregating financial statement line items; </p></li><li><p>the operating profit subtotal is the starting point for the statement of cash flows when presenting the operating cash flows under the indirect method. </p></li></ul><p>In 2025, a high-level impact assessment has been performed and a.s.r. has set up a project to implement IFRS 18. IFRS 18 will be applied retrospectively from 1 January 2027. Based on current analysis, the impact on a.s.r.'s financial statements is expected to be limited to presentation and disclosure changes, with no change expected to result for the year. At this stage, other quantitative effects cannot yet be reliably estimated. </p><h1 class=\"S_PARAGRAPH\" id=\"n4295004\"><span class=\"number\">7.3.4 </span><span class=\"title-text\">Key accounting policies </span></h1><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295045\"><span class=\"title-text\">A. Estimates and assumptions </span></h1><p>The preparation of the financial statements requires a.s.r. to make estimates, assumptions and judgements in applying accounting policies that have an effect on the reported amounts in the financial statements. These relate primarily to the following: </p><ul><li><p>The estimated useful life, residual value and fair value of property, plant and equipment, investment property, and intangible assets (see accounting policy <a href=\"#n4295091\" title=\"C. Intangible assets\">C</a>, <a href=\"#n4295110\" title=\"D. Investment property\">D</a> and <a href=\"#n4294713\" title=\"P. Property, plant and equipment\">P</a>); </p></li><li><p>The fair value and impairments of unlisted financial instruments (see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a> and <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>); </p></li><li><p>The recoverable amount of impaired assets (see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a> and <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a> ); </p></li><li><p>The fair value used to determine the net asset value in acquisitions (see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5)</a>; </p></li><li><p>The fair value used in measuring the assets held for sale and liabilities related to the assets held for sale (see <a href=\"#n4296292\" title=\"Discontinued operations\">section 7.4.6</a>); </p></li><li><p>The measurement of insurance contract liabilities and liabilities arising from direct participating insurance contracts (see <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4</a>); </p></li><li><p>Actuarial assumptions used for measuring employee benefit obligations (see <a href=\"#n4293688\" title=\"Employee benefits\">section 7.5.15</a>); </p></li><li><p>When forming provisions, the required estimate of existing obligations arising from past events (see <a href=\"#n4293758\" title=\"Provisions\">section 7.5.16</a>). </p></li></ul><p>The estimates and assumptions are based on management's best knowledge of current facts, actions and events. The actual outcomes may ultimately differ from the results reported earlier on the basis of estimates and assumptions. A detailed explanation of the estimates and assumptions are given in the relevant notes to the consolidated financial statements. </p><p>a.s.r. takes into account in the expense assumptions the estimated synergy effects from the Aegon NL business combination for the part that can be assessed within the budget period. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295072\"><span class=\"title-text\">B. Fair value of assets and liabilities </span></h1><p>The fair value is the price that a.s.r. would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants on the transaction date or reporting date in the principal market for the asset or liability, or in the most advantageous market for the asset or liability and assuming the highest and best use for non-financial assets. </p><p>Where possible, a.s.r. determines the fair value of assets and liabilities on the basis of quoted prices in an active market. In the absence of an active market for a financial instrument, the fair value is determined using valuation techniques. Although valuation techniques are based on observable market data where possible, results are affected by the assumptions used, such as discount rates and estimates of future cash flows. In the unlikely event that the fair value of a financial instrument cannot be measured, it is carried at cost. </p><div class=\"header header-2\">Fair value hierarchy </div><p>The following three hierarchical levels are used to determine the fair value of financial instruments and non-financial instruments when accounting for assets and liabilities at fair value and disclosing the comparative fair value of assets and liabilities: </p><div class=\"header header-3\">Level 1. Fair value based on quoted prices in an active market </div><p>Level 1 includes assets and liabilities whose value is determined by quoted (unadjusted) prices in the primary active market for identical assets or liabilities. </p><p>A financial instrument is quoted in an active market if: </p><ul><li><p>Quoted prices are readily and regularly available (from an exchange, dealer, broker, sector organisation, third-party pricing service, or a regulatory body); and </p></li><li><p>These prices represent actual and regularly occurring transactions on an at arm's length basis. </p></li></ul><p>Financial instruments in this category primarily consist of bonds and equities listed in active markets. Cash and cash equivalents (excluding money market instruments), reverse repurchase agreements and cash collateral received are also included as level 1. </p><div class=\"header header-3\">Level 2. Fair value based on observable market data </div><p>Determining fair value on the basis of Level 2 involves the use of valuation techniques that use inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is derived from prices of identical or similar assets and liabilities). These observable inputs are obtained from a broker or third-party pricing service and include: </p><ul><li><p>Quoted prices in active markets for similar (not identical) assets or liabilities; </p></li><li><p>Quoted prices for identical or similar assets or liabilities in inactive markets; </p></li><li><p>Input variables other than quoted prices observable for the asset or liability. These include interest rates and yield curves observable at commonly quoted intervals, volatility, loss ratio, credit risks and default percentages. </p></li></ul><p>This category primarily includes: </p><ol class=\"style-upper-roman\"><li><p>Financial instruments: unlisted fixed-interest preference shares and interest rate contracts; </p></li><li><p>Financial instruments: loans (excluding mortgage loans and reverse repurchase agreements); </p></li><li><p>Other financial assets and liabilities.<sup class=\"footnote cShowTooltip\" title=\"Not measured at fair value on the balance sheet and for which the fair value is disclosed.\">1 </sup></p></li></ol><div class=\"header header-3\">I. Financial instruments: unlisted fixed-interest preference shares and interest rate contracts </div><p>This category includes unlisted fixed-interest preference shares and interest rate contracts. The valuation techniques for financial instruments use present value calculations and in the case of derivatives, include forward pricing and swap models. The observable market data contains yield curves based on company ratings and characteristics of the unlisted fixed-interest preference shares. </p><div class=\"header header-3\">II. Financial instruments: Loans (excluding mortgage loans and reverse repurchase agreements) </div><p>The fair value of the loans is based on the discounted cash flow method. It is obtained by calculating the present value based on expected future cash flows and assuming an interest rate curve used in the market that includes an additional spread based on the risk profile of the counterparty. </p><div class=\"header header-3\">III. Other financial assets and liabilities </div><p>For other financial assets and liabilities where the fair value is disclosed these fair values are based on observable market inputs, primarily being the price paid to acquire the asset or received to assume the liability on initial recognition, assuming that the transactions have taken place on an at arm's length basis. Valuation techniques using present value calculations are applied using current interest rates where the payment terms are longer than one year. </p><div class=\"header header-3\">Level 3. Fair value not based on observable market data </div><p>The fair value of the level 3 assets and liabilities are determined in whole or in part using a valuation technique based on assumptions that are not supported by prices from observable current market transactions in the same instrument and for which any significant inputs are not based on available observable market data. The financial assets and liabilities in this category are assessed individually. </p><p>Valuation techniques are used to the extent that observable inputs are not available. The basic principle of fair value measurement is still to determine a fair, at arm's length price. Unobservable inputs therefore reflect management's own assumptions about the assumptions that market participants would use in pricing the asset or liability (including assumptions about risk). These inputs are generally based on the available observable data (adjusted for factors that contribute towards the value of the asset) and own source information. </p><p>This category primarily includes: </p><ol class=\"style-upper-roman\"><li><p>Financial instruments: private equity investments (or private equity partners) and equity funds third parties directly investing in real estate; </p></li><li><p>Financial instruments: mortgage loans and mortgage equity funds; </p></li><li><p>Investment property, real estate equity funds associates, rural property contracts, buildings for own use and plant (e.g. wind farms); </p></li><li><p>Financial instruments: asset-backed securities. </p></li></ol><div class=\"header header-3\">I. Financial instruments: private equity investments and real estate equity funds third parties </div><p>The main non-observable market input for private equity investments and equity funds third parties directly investing in real estate is the net asset value of the investment as published by the private equity company (or partner) and real estate equity funds respectively. </p><div class=\"header header-3\">II. Financial instruments: mortgage loans and mortgage equity funds </div><p>The fair value of the mortgage loan portfolio is based on the discounted cash flow method. It is obtained by calculating the present value based on expected future cash flows and assuming an interest rate curve used in the market that includes an additional spread based on the risk profile of the counterparty. </p><p>The valuation method used to determine the fair value of the mortgage loan portfolio derives the spread from consumer rates, adapted for a delayed response to interest rate movements, and includes assumptions for originating cost and risks. The method of determining the fair value of the mortgage equity funds is similar to that of mortgage loans. </p><div class=\"header header-3\">III. Investment property, real estate equity funds associates, rural property contracts, buildings for own use and plant </div><p>The following categories of investment properties, buildings for own use and plant are recognised and methods of calculating fair value are distinguished: </p><ul><li><p>Residential \u2013 based on reference transaction and discounted cash flow method; </p></li><li><p>Retail \u2013 based on reference transaction and income capitalisation method; </p></li><li><p>Rural \u2013 based on reference transaction and discounted cash flow method; </p></li><li><p>Offices \u2013 based on reference transaction and discounted cash flow method (including buildings for own use); </p></li><li><p>Other investment property \u2013 based on reference transaction and discounted cash flow method; </p></li><li><p>Property under development \u2013 based on both discounted cash flow and income capitalisation method; </p></li><li><p>Plant - based on reference transaction and discounted cash flow method. </p></li></ul><p>The following valuation methods are available for the calculation of fair value by the external professional appraisers for investment property, including real estate equity funds associates, rural property contracts, buildings for own use and plant: </p><div class=\"header header-4\">Reference transactions </div><p>Independent professional appraisers use transactions in comparable properties and plant as a reference for determining the fair value of the property and plant. The reference transactions of comparable objects are generally based on observable data consisting of the land register \u2018<i>Kadaster</i>\u2019 and the rural land price monitor as published by the Dutch government \u2018<i>grondprijsmonitor</i>\u2019 in an active property market and in some instances accompanied by own use information. </p><p>The external professional appraisers valuate the property or plant using the reference transaction in combination with the following valuation methods to ensure the appropriate valuation of the property: </p><ul><li><p>Discounted cash flow method; </p></li><li><p>Income capitalisation method (property only). </p></li></ul><div class=\"header header-4\">Discounted cash flow method </div><p>Under the discounted cash flow method, fair value is estimated using assumptions regarding the benefits and liabilities of ownership over the asset's life including an exit or terminal value. This method involves the projection of a series of cash flows on the investment property or plant dependent on the duration of the lease contracts. </p><p>A market-derived discount rate is applied to these projected cash flow series in order to establish the present value of the cash flows associated with the asset. The exit yield is normally determined separately, and differs from the discount rate. </p><p>The duration of the cash flows and the specific timing of inflows and outflows are determined by events such as rent reviews, lease renewal and related re-letting, redevelopment, or refurbishment. The appropriate duration is typically driven by market behaviour, which depends on the class of investment property. Periodic cash flow is typically estimated as gross rental income less vacancy (apart from the rural category), non-recoverable expenses, collection losses, lease incentives, maintenance costs, agent and commission costs and other operating and management expenses. The series of periodic net operating income, along with an estimate of the terminal value anticipated at the end of the projection period, is then discounted. </p><p>For the categories residential, offices and other in applying the discounted cash flow method, the significant inputs are the discount rate and market rental value. These inputs are verified with the following market observable data (that are adjusted to reflect the state and condition, location, development potential etc. of the specific property): </p><ul><li><p>Market rent per square meter for renewals and their respective re-letting rates; </p></li><li><p>Reviewed rent per square meter; </p></li><li><p>Investment transactions of comparable objects; </p></li><li><p>10 Year Dutch Government Bond Yield (%) as published by the DNB. </p></li></ul><p>When applying the discounted cash flow method for rural valuations, the significant inputs are the discount rate and market lease values. These inputs are verified with the following market observable data (that are adjusted to reflect the state and condition, location, development potential etc. of the specific property): </p><ul><li><p>Market value per acre per region in accordance with the \u2018rural land price monitor\u2019; </p></li><li><p>10 Year Dutch Government Bond Yield (%) as published by the DNB. </p></li></ul><div class=\"header header-4\">Income capitalisation method </div><p>Under the income capitalisation method, a property's fair value is estimated based on the normalised net operating income generated by the property, which is divided by the capitalisation rate (the investor's rate of return). The difference between gross and net rental income includes the same expense categories as those for the discounted cash flow method with the exception that certain expenses are not measured over time, but included on the basis of a time weighted average, such as the average lease-up costs. Under the income capitalisation method, rents above or below the market rent are capitalised separately. </p><p>The significant inputs for retail valuations are the reversionary yield and the market or reviewed rental value. These inputs are generally verified with the following observable data (that are adjusted to reflect the state and condition, location, development potential etc. of the specific property): </p><ul><li><p>Market rent per square meter for renewals; </p></li><li><p>Reviewed rent per square meter (based on the rent reviews performed in accordance with Section 303, Book 7 of the Dutch Civil Code). </p></li></ul><p>The fair value of investment properties and buildings for own use, are appraised annually. Valuations are conducted by independent professional appraisers who hold recognised and relevant professional qualifications and have recent experience in the location and category of the property being valued. Market value property valuations were prepared in accordance with the Royal Institution of Chartered Surveyors (RICS) Valuation Standards, 7th Edition (the \u2018Red Book\u2019). a.s.r. provides adequate information to the professional appraisers, in order to conduct a comprehensive valuation. The professional appraisers are changed or rotated at least once every three years. </p><div class=\"header header-3\">IV. Financial instruments: asset-backed securities </div><p>The fair value of the asset-backed securities is based on quotes published by an independent data vendor. </p><div class=\"header header-2\">Transfers between levels </div><p>The hierarchical level per individual instrument, or group of instruments, is reassessed at every reporting period. If the instrument, or group of instruments, no longer complies with the criteria of the level in question, it is transferred to the hierarchical level that does meet the criteria. A transfer can for instance be when the market becomes less liquid or when quoted market prices for the instrument are no longer available. </p><ol class=\"footnotes\"><li>Not measured at fair value on the balance sheet and for which the fair value is disclosed. </li></ol><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295091\"><span class=\"title-text\">C. Intangible assets </span></h1><p>Intangible assets are carried at cost, less any accumulated amortisation and impairment losses. The residual value and the estimated useful life of intangible assets are assessed on each balance sheet date and adjusted where applicable. </p><div class=\"header header-2\">Goodwill </div><p>Acquisitions by a.s.r. are accounted for using the acquisition method. Goodwill represents the excess of the cost of an acquisition over the fair value of a.s.r.\u2019s share of the net identifiable assets and liabilities and contingent liabilities of the acquired company at acquisition date. If there is no excess (purchase gain), the carrying amount is directly recognised through the income statement. At the acquisition date, goodwill is allocated to the cash-generating units (CGUs) that are expected to benefit from the business combination. </p><p>Goodwill has an indefinite useful life and is not amortised. a.s.r. performs an impairment test annually, or more frequently if events or circumstances warrant so, to ascertain whether goodwill has been subject to impairment. As part of this, the carrying amount of the cash-generating unit to which the goodwill has been allocated is compared with its recoverable amount. The recoverable amount is the higher of a CGU\u2019s fair value less costs to sell and value in use. The carrying value is determined as the net asset value including goodwill. The methodologies applied to arrive at the best estimate of the recoverable amount involves two steps. </p><p>In the first step of the impairment test, the best estimate of the recoverable amount of the CGU to which goodwill is allocated is determined separately based on Price to Earnings or Price to Book ratios (fair value less cost to sell model). The ratio(s) used per CGU depends on the characteristics of the entity in question. The main assumptions in this valuation are the multiples for the aforementioned ratios. These are developed internally but are either derived from or corroborated against market information that is related to observable transactions in the market for comparable businesses. </p><p>If the outcome of the first step indicates that the difference between the recoverable amount and the carrying value may not be sufficient to support the amount of goodwill allocated to the CGU, step two is performed. In step two an additional analysis is performed in order to determine a recoverable amount in a manner that better addresses the specific characteristics of the relevant CGU. </p><p>The additional analysis is based on internal value-in-use models, wherein managements assumptions in relation to cash flow projections for budget periods up to and including five years are used and, if deemed justified, expanded to a longer period given the nature of the insurance activities. Other assumptions, such as the (pre-tax) discount rate and the steady state growth rate, are determined on the advice of an independent external party and are based on a Capital Asset Pricing Model (CAPM). This methodology is based on a risk-free rate plus a risk premium. Operating assumptions are best estimate assumptions and based on historical data where available. Economic assumptions are based on observable market data and projections of future trends. </p><p>If the recoverable amount is lower than its carrying amount, the difference is directly charged to the income statement as an impairment loss. </p><p>In the event of impairment, a.s.r. first reduces the carrying amount of the goodwill allocated to the CGU. After that, the carrying amount of the other assets included in the unit is reduced pro rata to the carrying amount of all the assets in the unit. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295110\"><span class=\"title-text\">D. Investment property </span></h1><p>Investment property is property held to earn rent and for capital appreciation. Property interests held under operating leases are classified and accounted for as investment property. In some cases, a.s.r. is the owner-occupier of investment properties. If owner-occupied properties cannot be sold separately, they are treated as investment property only if a.s.r. holds an insignificant portion for use in the supply of services or for administrative purposes. Property held for own uses (owner-occupied) is recognised within property, plant and equipment. </p><p>Investment property is primarily recognised using the fair value model. After initial recognition, a.s.r. remeasures all of its investment property (see accounting policy B) whereby any gain or loss arising from a change in the fair value of the specific investment property is recognised in the income statement under fair value gains and losses. </p><p>Residential property is generally let for an indefinite period. Other investment property is let for defined periods under leases that cannot be terminated early. Some contracts contain renewal options. Rentals are accounted for as investment income in the period to which they relate. </p><p>If there is a change in the designation of property, it can lead to: </p><ul><li><p>Reclassification from property, plant and equipment to investment property: at the end of the period of owner-occupation or at inception of an operating lease with a third party; or </p></li><li><p>Reclassification from investment property to property, plant and equipment: at the commencement of owner-occupation or at the start of developments initiated with a view to selling the property to a third party. </p></li></ul><p>The following categories of investment property are recognised by a.s.r. based primarily on the techniques used in determining the fair value of the investment property: </p><ul><li><p>Retail; </p></li><li><p>Residential; </p></li><li><p>Rural; </p></li><li><p>Offices; </p></li><li><p>Other (consisting primarily of parking); </p></li><li><p>Investment property under development. </p></li></ul><p>Property under development for future use as investment property is recognised as investment property. The valuation of investment property takes (expected) vacancies into account. </p><p>Borrowing costs directly attributable to the acquisition or development of an asset are capitalised and are part of the cost of that asset. Borrowing costs are capitalised when the following conditions are met: </p><ul><li><p>Expenditures for the asset and borrowing costs are incurred; and </p></li><li><p>Activities are undertaken that are necessary to prepare an asset for its intended use. </p></li></ul><p>Borrowing costs are no longer capitalised when the asset is ready for use or sale. If the development of assets is interrupted for a longer period, capitalisation of borrowing costs is suspended. If the construction is completed in stages and each part of an asset can be used separately, the borrowing costs for each part that reaches completion are no longer capitalised. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295154\"><span class=\"title-text\">F1. Insurance contracts </span></h1><div class=\"header header-2\">Classification </div><p>Insurance contracts issued by a.s.r. are contracts that transfer significant insurance risks, and in some cases also financial risk, from the policyholder to a.s.r. Contracts measured using the General Measurement Model ( GMM) or Premium Allocation Approach (PAA)  are classified on the balance sheet as insurance contract liabilities and contracts measured using the Variable Fee Approach (VFA) are classified as liabilities arising from direct participating insurance contracts. </p><p>a.s.r. offers non-life insurance contracts and life insurance contracts as shown in the table below. </p><h3 class=\"table-title\">Measurement model applied </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:21%;\"/><col style=\"width:32%;\"/><col style=\"width:47%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>Segment </b></th><th class=\"valign-middle startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>Product </b></th><th class=\"valign-middle startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>Measurement model applied </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">P&amp;C </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">PAA </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disability </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">GMM </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Health </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">PAA </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Individual life </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">GMM or VFA </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pension </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">GMM or VFA </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Funeral </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">GMM </td></tr></tbody></table><br/><div class=\"header header-2\">Insurance contract liabilities </div><div class=\"header header-3\">Non-life insurance contracts </div><p>Non-life insurance contracts are contracts that provide cover that is not related to the life or death of insured persons. These insurance contracts are primarily classified into the following categories: Disability, Health, P&amp;C (motor, fire and liability). </p><div class=\"header header-3\">Life insurance contracts </div><p>The segment Life includes: annuities, term insurance policies, savings contracts and funeral insurance contracts. In addition to non-participating life insurance contracts, the insurance portfolio also includes: </p><ul><li><p>Individual and group participating contracts; </p></li><li><p>Individual contracts with discretionary participation features; </p></li><li><p>Group contracts with segregated pools with returns based on investment guarantees. </p></li></ul><p>Life insurance contracts with (discretionary) participation features are included within the Life segment. Under these contracts, policyholders are assigned, in addition to their entitlement to a guaranteed element, an entitlement to potentially significant additional benefits whose amount or timing is contractually at the discretion of a.s.r. These additional benefits are based on the performance of a specified pool of investments held by a.s.r. or on the issuer's operational result. </p><div class=\"header header-3\">Liabilities arising from direct participating insurance contracts. </div><p>a.s.r. classifies an insurance contract as a direct participating contract for which at inception the following criteria are met: </p><ul><li><p>the contractual terms specify that the policyholder participates in a share of a clearly identified pool of underlying items; </p></li><li><p>a.s.r. expects to pay the policyholder an amount equal to a substantial share of the fair value returns on the underlying items; and </p></li><li><p>a.s.r. expects a substantial proportion of any change in the amounts to be paid to the policy holder to vary with the change in the fair value of the underlying items. </p></li></ul><p>Life insurance contracts with direct participating features are included within the Life segment and mainly concern unit-linked contracts and group pension contracts, with policyholders bearing the investment risk. An investment unit is a share in an investment fund that a.s.r. acquires on behalf of the policyholders using net premiums paid by the policyholders. The cash flow upon maturity of the contract is equal to the value of the investment units of the fund in question. </p><p>Contracts that meet the requirements of a direct participating contract are measured using the variable fee approach (VFA). </p><div class=\"header header-2\">Separating components </div><p>Currently a.s.r. does not separate any components from its insurance contracts. </p><div class=\"header header-2\">Non-distinct investment components </div><p>Non-distinct investment components are identified for products where under all circumstances a payment will be made to the policyholder. These are generally recognised for GMM as the surrender value of the funeral insurance and as the savings account related to the mortgage savings insurance. For VFA policies the non-distinct investment component is the minimum payment that will be made under all circumstances (i.e. the minimum of surrender, lapse and maturity). </p><div class=\"header header-2\">Level of aggregation </div><p>Insurance contracts are aggregated into groups for measurement purposes. a.s.r. identifies portfolios of insurance contracts comprising contracts subject to similar risks and managed together. Each portfolio is then divided into cohorts of contracts issued within a maximum of one year and divided into two groups based on the profitability buckets for: </p><ul><li><p>any contracts that are onerous on initial recognition; and </p></li><li><p>any remaining contracts in the portfolio. </p></li></ul><p>The profitability bucket for contracts that have no significant possibility of becoming onerous subsequently is currently not used by a.s.r. </p><p>Similar risks managed together are generally based on the homogeneous risk groups similar to those used in Solvency II at inception, more or less granularity is applied where applicable. Contracts within a portfolio that would fall into different groups only because law or regulation specifically constraints a.s.r.\u2019s practical ability to set a different price or level of benefits for policyholders with different characteristics are included in the same group. This applies to contracts issued in Europe that are required by EU regulation to be priced on a gender-neutral basis. </p><p>The resulting groups represent the level at which the recognition and measurement accounting policies are applied. The groups are established on initial recognition and their composition is not subsequently reassessed. </p><p>Whether a contract is onerous or not is a policy (test) which is set per business. Part of this policy will be pricing and thresholds and forward-looking metrics available within a.s.r. The test is performed based on the contracts which are issued in any specific calendar year and are grouped according to the similar risks managed together criteria as described above. The test is generally performed on a set of contracts using reasonable and supportable information, considering that the outcome would be the same had the individual policy assessment been performed. </p><div class=\"header header-2\">Recognition </div><p>a.s.r. recognises a group of insurance contracts issued from the earliest of: </p><ul><li><p>the beginning of the coverage period of the group of contracts. The coverage period is the period during which a.s.r. provides services (insurance services, investment-return services or investment-related services) in respect of all premiums within the boundary of the insurance contract; </p></li><li><p>the date when the first payment from a policyholder in the group becomes due. If there is no contractual due date, then it is considered to be the date when the first payment is received from the policyholder; or </p></li><li><p>the group of onerous contracts, the date when the group becomes onerous. </p></li></ul><p>Insurance contracts acquired in a (portfolio) transfer or a business combination are recognised on the date of acquisition. </p><p>When the contract is recognised, it is added to an existing group of contracts or, if the contract does not qualify for inclusion in an existing group, it forms a new group to which future contracts can be added. Groups of contracts are established on initial recognition and their composition is not revised once all contracts have been added to the group. </p><div class=\"header header-2\">Contract boundaries </div><p>The measurement of a group of contracts includes all of the future cash flows within the boundary of each contract in the group. Cash flows are within the boundary of a contract if they arise from substantive rights and obligations that exist during the reporting period under which a.s.r. can compel the policyholder to pay premiums or has a substantive obligation to provide services. </p><p>A substantive obligation to provide services ends when: </p><ul><li><p>a.s.r. has the practical ability to reassess the risks of the particular policyholder and can set a price or level of benefits that fully reflects those reassessed risks; or </p></li><li><p>a.s.r. has the practical ability to reassess the risks of the portfolio that contains the contract and can set a price or level of benefits that fully reflects the risks of that portfolio; and the pricing of the premiums for coverage up to the reassessment date does not consider risks that relate to periods after the reassessment date. </p></li></ul><p>For individual contracts with discretionary features the contract boundary is defined so that cash flows are within the contract boundary if they result from a substantive obligation of a.s.r. to deliver cash at a present or future date. </p><p>The contract boundary is reassessed at each reporting period and more frequently if and when product characteristics and/or conditions fundamentally change and, therefore, may change over time. </p><div class=\"header header-2\">Measurement </div><p>a.s.r. uses the following measurement models: </p><ul><li><p>the general measurement model (GMM); </p></li><li><p>the variable fee approach (VFA) for contracts with a direct participating feature; and </p></li><li><p>the premium allocation approach (PAA) which is a simplified version of the GMM and is used mainly for short-duration contracts. </p></li></ul><div class=\"header header-2\">Measurement \u2013 contracts measured under the GMM </div><div class=\"header header-3\">Initial measurement </div><p>On initial recognition, a.s.r. measures a group of insurance contracts as the total of: </p><ul><li><p>the fulfilment cash flows, which comprise estimates of future cash flows, adjusted to reflect the time value of money and the associated financial risk and the risk adjustment for non-financial risk (RA); and </p></li><li><p>the CSM. </p></li></ul><p>The measurement of the fulfilment cash flows of a group of insurance contracts does not reflect non-performance risk of a.s.r. It is the net present value of the projected cash flows of benefits and expenses, less the net present value of premiums, adjusted for the risk adjustment. These cash flows are estimated using realistic, 'best estimate', assumptions in relation to mortality, longevity, disability, lapse rate, expense and inflation. The best estimate assumptions include mortality and longevity trend assumptions for life expectancy. Mortality rate tables applied are generally developed based on a blend of company experience and industry wide studies, taking into consideration product characteristics, own risk selection criteria, the insured population, recent mortality trend assumptions for life expectancy in the Netherlands and past experience. Mortality experience is monitored through regular studies, the results of which are fed into the pricing cycle for new products and reflected in the liability calculation when appropriate. The best estimate includes the intrinsic value and the time value of options and guarantees (TVOG: Time Value of Financial Options and Guarantees) and is calculated using stochastic techniques. </p><p>Where applicable, the direct or discretionary participating features of the insurance contracts, such as profit sharing, and any guaranteed benefits at maturity are considered in the future cash flows.  The cash flows are discounted using an interest curve whose construction is related to the Solvency II curve construction published by EIOPA. The construction differs in that a different CRA is determined and used, there is no VA but there is a Liability Illiquidity Premium (LIP), a different UFR is used (2025: 3.20%, 2024: 3.25%; whereas Solvency II used 2025: 3.30%, 2024: 3.30%) and the convergence to the UFR follows a different methodology. </p><p>Insurance pre-recognition cash flows consist of pre-acquisition cash flows and pre-paid premium cash flows for insurance contracts not yet recognised. Insurance pre-acquisition cash flows that a.s.r. pays before the related group of contracts is recognised (i.e. for renewals of insurance contracts or insurance contracts recognised in the following period), are presented as an asset under the insurance contract liabilities. When the group of contracts is recognised, these cash flows are included by way of expected acquisition cash flows in the measurement of the group and the previously recognised asset is transferred and included as part of expected acquisition cash flows initially recognised in the insurance liability. The insurance pre-acquisition cash flow asset is reassessed for a possible impairment trigger at each reporting date. </p><p>The risk adjustment for a group of insurance contracts is the compensation required for bearing uncertainty about the amount and timing of the cash flows that arises from non-financial risk. </p><p>a.s.r. disaggregates changes in the risk adjustment for non-financial risk between the insurance service result and insurance finance income or expenses. See <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4</a>. </p><p>The CSM of a group of insurance contracts represents the unearned profit that a.s.r. will recognise as it provides service under those contracts. On initial recognition of a group of insurance contracts, if the total fulfilment cash flows allocated to the contract, any previously recognised insurance acquisition cash flows, pre-paid premium cash flows and any cash flows arising from the contract at the date of initial recognition is a net inflow, then the group is not onerous. In this case, the CSM is measured as the equal and opposite amount of the net inflow, which results in no income or expenses arising on initial recognition. </p><p>For groups of contracts acquired, the consideration received for the contracts is included in the fulfilment cash flows as a proxy for the premiums received at the date of acquisition. For business combinations see accounting policy H. </p><p>If the total of the fulfilment cash flows is a net outflow, then the group is onerous. In this case, the net outflow is recognised as a loss in the income statement, or as an adjustment to goodwill or a gain on a bargain purchase if the contracts are acquired in a business combination. A loss component is created as part of the insurance liabilities to depict any losses recognised in the income statement, which determines the amounts that are subsequently presented in the income statement as reversals of losses on onerous groups. </p><div class=\"header header-3\">Subsequent measurement </div><p>The carrying amount of a group of insurance contract liabilities at each reporting date is the sum of the liability for remaining coverage and the liability for incurred claims. The liability for remaining coverage comprises: </p><ul><li><p>the fulfilment cash flows that relate to services that will be provided under the contracts in future periods including the risk adjustment; and </p></li><li><p>any remaining CSM at that date. </p></li></ul><p>The liability for incurred claims comprises the fulfilment cash flows for incurred claims and attributable expenses that have not yet been paid, including claims that have been incurred but not yet reported, and the handling of the payments to policyholders. For the contracts in the Non-life segment this previously concerned all future payments related to the incurred claim (the LIC option). However, following a change in accounting policy, the liability for incurred claims (LIC) option no longer applies to the Individual Disability portfolio, see <a href=\"#n4294956\" title=\"Changes in accounting policies\">section 7.3.2.1</a>. For this portfolio, the liability for remaining coverage (LRC) option now applies. Under the LRC approach, the liability reflects amounts payable for future insurance services, including those related to claims incurred but still subject to insurance risk. This is consistent with the treatment in the Life segment, where the LRC option is used to account for amounts payable for the period. The accounting policy LIC option of the Group Disability and Sickness leave portfolios remain unchanged. </p><p>The fulfilment cash flows of groups of insurance contracts are measured at the reporting date using current estimates of future cash flows, current discount rates and current estimates of the risk adjustment for non-financial risk. Changes in fulfilment cash flows are recognised as follows: </p><ul><li><p>Changes relating to future services are adjusted against the CSM (or recognised in the insurance service result in profit or loss if the group is onerous); </p></li><li><p>Changes relating to current or past services are recognised in the insurance service result in the income statement; </p></li><li><p>Effects of the time value of money, financial risk and changes therein on estimated future cash flows and risk adjustment for non-financial risk are recognised as insurance finance income or expenses. </p></li></ul><p>The CSM of each group of contracts is subsequently calculated at each reporting date. </p><p>The carrying amount of the CSM at the end of each reporting period is the carrying amount at the start of the reporting period, adjusted for: </p><ul><li><p>The CSM of any new contracts that are added to the group in the period; </p></li><li><p>Interest accreted on the carrying amount of the CSM during the period, measured at the discount rates on nominal cash flows that do not vary based on the returns on any underlying items determined on initial recognition; </p></li><li><p>Changes in fulfilment cash flows that relate to future services, except to the extent that: </p><ul><li><p>Any increases in the fulfilment cash flows exceed the carrying amount of the CSM, in which case the excess is recognised as a loss in the income statement and creates a loss component; or </p></li><li><p>Any decreases in the fulfilment cash flows are allocated to the loss component, reversing losses previously recognised in profit or loss; and </p></li></ul></li><li><p>The amount recognised as insurance contract revenue due to the services provided in the period. </p></li></ul><p>Changes in fulfilment cash flows that relate to future services comprise: </p><ul><li><p>Experience adjustments arising from premiums received in the period that relate to future services and related cash flows, measured at the discount rates determined on initial recognition and non-distinct investment components; </p></li><li><p>Changes in estimates of the present value of future cash flows in the liability for remaining coverage, measured at the discount rates determined on initial recognition, except for those that relate to the effects of the time value of money, financial risk and changes therein; and </p></li><li><p>Changes in the risk adjustment for non-financial risk that relate to future services. </p></li></ul><p>CSM is recognised as insurance contract revenue following the services provided. The amount is determined by identifying coverage units in the group. The number of coverage units in the group is the quantity of insurance contract services provided by the contracts, determined by considering for each contract the quantity of benefits provided and its expected coverage period. </p><p>Changes in discretionary cash flows are regarded as relating to future services and accordingly adjust the CSM. a.s.r. allocates the CSM to each period based on the passage of time as the service (insurance services and investment-return services) is deemed to be delivered equally over the coverage period. </p><p>To determine whether changes in cash flows are deemed to be changes in discretionary cash flows, a.s.r. exercises judgement in specifying at inception what is regarded as their commitment under the contract. How a.s.r. specifies its commitment under the contract will determine how much of the changes in expected future cash flows will be reflected immediately in profit or loss or will adjust CSM. </p><div class=\"header header-2\">Measurement \u2013 contracts measured under the VFA </div><p>The VFA measurement model is used for direct participating contracts. This measurement model is identical to the GMM at initial recognition, however, subsequent measurement differs from the GMM. </p><p>Direct participating insurance contracts are contracts under which a.s.r.\u2019s obligation to the policyholder is the net of: </p><ul><li><p>The obligation to pay the policyholder an amount equal to the fair value of the underlying items; and </p></li><li><p>A variable fee in exchange for future services provided by the contracts, being a.s.r.\u2019s share of the fair value of the underlying items less fulfilment cash flows that do not vary based on the returns on underlying items. a.s.r. provides investment-related services under these contracts by promising an investment return based on underlying items, in addition to insurance coverage. </p></li></ul><p>When measuring a group of direct participating contracts, a.s.r. adjusts the fulfilment cash flows for the whole of the changes in the obligation to pay policyholders an amount equal to the fair value of the underlying items. These changes do not relate to future services and are recognised in the income statement. a.s.r. then adjusts any CSM for changes in  a.s.r.\u2019s share of the fair value of the underlying items, which relates to future services, as explained below. </p><div class=\"header header-3\">Subsequent measurement </div><p>The carrying amount of the CSM at the end of each reporting period is the carrying amount at the start of the reporting period, adjusted for: </p><ul><li><p>The CSM of any new contracts that are added to the group in the period; </p></li><li><p>a.s.r.\u2019s share of the change in the fair value of the underlying items and changes in fulfilment cash flows that relate to future services, except to the extent that: </p><ul><li><p>a.s.r. has chosen to exclude from the CSM changes in the effect of financial risk on its share of the underlying items; </p></li><li><p>a.s.r.\u2019s share of a decrease in the fair value of the underlying items, or an increase in the fulfilment cash flows that relate to future services, exceeds the carrying amount of the CSM, giving rise to a loss in the income statement (included in insurance service expenses) and creating a loss component; or </p></li><li><p>a.s.r.\u2019s share of an increase in the fair value of the underlying items, or a decrease in the fulfilment cash flows that relate to future services, is allocated to the loss component, reversing losses previously recognised in the income statement (included in insurance service expenses); and </p></li></ul></li><li><p>The amount recognised as insurance contract revenue because of the services provided in the period. </p></li></ul><p>Changes in fulfilment cash flows that relate to future services include the changes relating to future services specified above for contracts with direct participation features (measured at current discount rates) , the effect of the time value of money and financial risks and the risk mitigation option where applicable. </p><p>CSM is recognised as insurance contract revenue following the services provided. The amount is determined by identifying coverage units in the group. The number of coverage units in the group is the quantity of insurance contract services provided by the contracts, determined by considering for each contract the quantity of benefits provided and its expected coverage period. </p><p>a.s.r. allocates the CSM to each period based on the passage of time as the investment-related services provided in relation to the investment component and the insurance services provided in relation to the insurance component are deemed to be delivered equally over the coverage period. </p><div class=\"header header-3\">Risk mitigation </div><p>a.s.r. has chosen to apply the risk mitigation option to certain VFA contracts, thereby not recognising a change in the CSM to reflect some or all of the changes in the effect of the time value of money and financial risk (that would normally adjust the CSM) on: </p><ul><li><p>The amount of a.s.r.\u2019s share of the underlying items if a.s.r. mitigates the effect of financial risk on that amount using derivatives or reinsurance contracts held; and </p></li><li><p>The fulfilment cash flows if a.s.r. mitigates the effect of financial risk on those fulfilment cash flows using derivatives, non-derivative financial instruments measured at FVTPL, or reinsurance contracts held. </p></li></ul><p>If a.s.r. mitigates the effect of financial risk using derivatives or non-derivative financial instruments measured at FVTPL, it shall include insurance finance income or expenses for the period arising from the application of the risk mitigation in profit or loss. </p><p>If a.s.r. mitigates the effect of financial risk using reinsurance contracts held, it shall apply the same accounting policy for the presentation of insurance finance income or expenses arising from the application of the risk mitigation as a.s.r. applies to other reinsurance contracts held. a.s.r. does not currently use reinsurance as a hedge instrument dedicated to financial risks. </p><div class=\"header header-2\">Measurement \u2013 contracts measured under the PAA </div><p>The PAA simplifies the measurement of groups of contracts when: </p><ul><li><p>the coverage period of each contract in the group of contracts is one year or less; or </p></li><li><p>a.s.r. expects that the resulting measurement would not differ materially from the result of applying the GMM. </p></li></ul><div class=\"header header-3\">Initial measurement </div><p>On initial recognition of each group of contracts, the carrying amount of the liability for remaining coverage is measured at the premiums received on initial recognition. Insurance acquisition cash flows are recognised as expenses when they are incurred making use of the option under IFRS 17. The risk adjustment is an implicit part of the valuation of the related liability. </p><div class=\"header header-3\">Subsequent measurement. </div><p>Subsequently, the carrying amount of the liability for remaining coverage is increased by any premiums received and decreased by the amount recognised as insurance contract revenue for coverage provided. This is recognised over the coverage period based on the passage of time. </p><p>If at any time during the coverage period, facts and circumstances indicate that a group of contracts is onerous, then a.s.r. recognises a loss in the income statement and increases the liability for remaining coverage to the extent that the current estimates of the fulfilment cash flows that relate to remaining coverage (including the risk adjustment for non-financial risk) exceed the carrying amount of the liability for remaining coverage. </p><p>a.s.r. recognises the liability for incurred claims of a group of insurance contracts at the amount of the fulfilment cash flows relating to incurred claims, including a risk adjustment for non-financial risk. The fulfilment cash flows are discounted at current rates. </p><div class=\"header header-2\">Derecognition and contract modification </div><p>a.s.r. derecognises a contract when it is extinguished \u2013 i.e. when the specified obligations in the contract expire or are discharged or cancelled. </p><p>a.s.r. also derecognises a contract if its terms are modified in a way that would have changed the accounting for the contract significantly had the new terms always existed, in which case a new contract based on the modified terms is recognised. If a contract modification does not result in derecognition, then a.s.r. treats the changes in cash flows caused by the modifications as changes in estimates of fulfilment cash flows. </p><p>On the derecognition of a contract from within a group of contracts: </p><ul><li><p>The fulfilment cash flows allocated to the group are adjusted to eliminate the present value of the future cash flows and risk adjustment for non-financial risk relating to the rights and obligations that have been derecognised from the group; and </p></li><li><p>The CSM of the group is adjusted for the change in fulfilment cash flows. </p></li></ul><p>If a contract is derecognised because its terms are substantially modified, then the CSM is also adjusted for the premium that would have been charged had a.s.r. entered into a contract with the new contract's terms at the date of modification, less any additional premium charged for the modification. The new contract recognised is measured assuming that, at the date of modification, the issuer received the premium that it would have charged less any additional premium charged for the modification. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295178\"><span class=\"title-text\">F2. Reinsurance contracts </span></h1><div class=\"header header-2\">Classification </div><p>Contracts held by a.s.r. under which it transfers significant insurance risk related to insurance contracts are classified as reinsurance contracts. a.s.r. does not issue reinsurance contracts. </p><div class=\"header header-2\">Separating components and Level of aggregation </div><p>The accounting principles for the separation of components do not differ from those for insurance contracts. For the determination of the level of aggregation for reinsurance contracts the accounting principles are the same with the exception that a reinsurance contract cannot be classified as onerous. </p><div class=\"header header-2\">Recognition </div><p>a.s.r. recognises a group of reinsurance contracts held that do not provide proportionate coverage at the earlier of (i) the beginning of the coverage period of the group of reinsurance contracts held; and (ii) the date a.s.r. recognises an onerous group of underlying contracts if a.s.r. entered into the related reinsurance contract held at or before that date. </p><div class=\"header header-2\">Contract boundaries </div><p>The measurement of a group of reinsurance contracts held includes all of the future cash flows within the boundary of each contract in the group. Cash flows are within the boundary of a contract if they arise from substantive rights and obligations that exist during the reporting period under which a.s.r. has a right to receive services from the reinsurer and is compelled to pay premiums. </p><div class=\"header header-2\">Measurement \u2013 contracts under the PAA </div><p>a.s.r. uses the PAA as the default measurement approach for reinsurance contracts with a coverage period of one year or less, but the business line has the option to choose the GMM. </p><p>To measure a group of reinsurance contracts a.s.r. applies the same accounting policies for the related insurance contracts, adapted where necessary to reflect the features of reinsurance contracts held that differ from those of the insurance contracts. </p><div class=\"header header-2\">Measurement \u2013 contracts under the GMM </div><p>a.s.r. applies the same accounting policies for insurance contracts to measure a group of reinsurance contracts, with the following modifications. </p><p>The carrying amount of a group of reinsurance contracts at each reporting date is the sum of the remaining coverage component and the incurred claims component. The remaining coverage component comprises: </p><ul><li><p>The fulfilment cash flows that relate to services that will be received under the contracts in future periods including the risk adjustment; and </p></li><li><p>Any remaining CSM at that date. </p></li></ul><p>a.s.r. measures the estimates of the present value of future cash flows using assumptions that are consistent with those used to measure the estimates of the present value of future cash flows for the underlying insurance contracts. </p><div class=\"header header-3\">Loss-recovery component </div><p>a.s.r. determines a loss-recovery component of the asset for remaining coverage of a group of reinsurance contracts held when a.s.r. recognises a recovery of a loss on initial recognition of an onerous group of underlying contracts as well as for subsequent measurement of the recovery of losses. This loss-recovery component is accounted for in a manner consistent with the loss component of the group of underlying insurance contracts issued. As such, as cedant, a.s.r. determines the resulting amount of the loss-recovery at initial recognition to be recognised in profit or loss by multiplying: </p><ul><li><p>The loss recognised on the group of underlying insurance contracts; and </p></li><li><p>The percentage of claims on underlying contracts a.s.r. expects to recover from the group of reinsurance contracts held. </p></li></ul><p>After a.s.r. has established a loss-recovery component, it shall adjust it to reflect changes in the loss component of the underlying contracts. Therefore, the balance of loss-recovery component needs to be tracked along the fulfilment of the reinsurance group and run off to zero at the end of the reinsurance coverage period or earlier when the loss component on the underlying group(s) has been fully reversed. The carrying amount of the loss recovery component shall not exceed the portion of the carrying amount of the loss component of the underlying insurance contracts that a.s.r. expects to recover from the group of reinsurance contracts held. </p><p>The risk adjustment for non-financial risk is the amount of the risk transferred by a.s.r. to the reinsurer. </p><p>On initial recognition, the CSM of a group of reinsurance contracts represents a net cost or net gain on purchasing reinsurance. It is measured as the equal and opposite amount of the total of the fulfilment cash flows, any derecognised assets for cash flows occurring before the recognition of the group and any cash flows arising at that date, and taking into account any recognised loss recovery component, if applicable. However, if any net cost on purchasing reinsurance coverage relates to insured events that occurred before the purchase of the group, then a.s.r. recognises the cost immediately in the income statement as an expense. </p><p>The carrying amount of the CSM at the end of each reporting period is the carrying amount at the start of the reporting period, adjusted for: </p><ul><li><p>The CSM of any new contracts that are added to the group in the period; </p></li><li><p>Interest accreted on the carrying amount of the CSM during the period, measured at the discount rates on nominal cash flows that do not vary based on the returns on any underlying items determined on initial recognition; </p></li><li><p>Changes in fulfilment cash flows that relate to future services, unless the change results from a change in fulfilment cash flows allocated to a group of onerous underlying insurance contracts, in which case the change is recognised in the income statement; </p></li><li><p>The amount recognised in the income statement because of the services received in the period. </p></li></ul><p>CSM is recognised in profit or loss following the services provided. </p><div class=\"header header-3\">Non-performance risk </div><p>Changes in the fulfilment cash flows related to the risk of non-performance do not adjust the CSM, therefore a.s.r. recognises them in profit or loss. This requires that the fulfilment cash flows must be adjusted to include the effect of any non-performance risk, or credit risk, by the reinsurer. </p><p>Reinsurance contracts cannot be onerous. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295201\"><span class=\"title-text\">G. Employee benefit plans </span></h1><div class=\"header header-2\">Pension obligations </div><div class=\"header header-3\">Defined contribution plans </div><p>a.s.r. has defined contribution (DC) plans for all its employees, including employees that are employed by entities that operate in the Distribution and Service segment. a.s.r. pays contributions to privately administered pension insurance plans with ASR Levensverzekering N.V. (a.s.r. life) on a contractual basis. The old DC plan of Aegon employees became non-contributory, when they entered the a.s.r. DC plan. </p><p>a.s.r. life recognises these contracts as insurance contracts. They are accounted for in accordance with liabilities arising from insurance contracts (accounting policy <a href=\"#n4295154\" title=\"F1. Insurance contracts\">F1</a>). </p><p>a.s.r. has no further payment obligations to the employees once the contributions have been paid. The contributions are recognised as operating expenses in the income statement during the period the services are rendered. Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in future payments is available. </p><div class=\"header header-3\">Defined benefit plans </div><p>Defined benefit (DB) plans for own employees are non-contributory. The defined benefit obligation continues to exist. The plans are schemes under which employees are awarded pension benefits upon retirement, usually dependent on one or more factors, such as years of service and compensation. </p><p>The liability in respect of DB plans is the present value of the defined benefit obligation at the balance sheet date, less the fair value of the plan assets where the pension plans are insured by third parties. </p><p>a.s.r. life and Aegon life administer most of the post-employment benefit plans and  hold  the investments that are intended to cover the employee benefit obligation. These investments do not qualify as plan assets in the consolidated financial statements under IFRS. </p><p>The DB obligation is based on the terms and conditions of the plan applicable on the balance sheet date. In measuring the DB obligation a.s.r. uses the projected unit credit method and actuarial assumptions that represent the best estimate of future variables. The benefits are discounted using an interest rate based on the internal curve for high quality corporate bonds, that are denominated in the currency in which the benefits will be paid and that have terms to maturity that approximate the terms of the related pension liability. Actuarial assumptions used in the measurement of the liability include the discount rate, estimated future wage inflation, mortality rates, consumer price inflation and for the Aegon DB also salary increases and bonuses. The assumptions are updated and reviewed at each reporting date, based on available market data. </p><p>Actuarial assumptions may differ from actual results due to changes in market conditions, economic trends, mortality trends and other assumptions. Any change in these assumptions can have a significant impact on the defined benefit obligation and future pension costs. Changes in the expected actuarial assumptions and differences with the actual actuarial outcomes are recognised in the actuarial gains and losses included in other comprehensive income (component of total equity). </p><p>When employee benefit plans are modified and when no further obligations exist, a gain or loss, resulting from the changes are recognised directly in the income statement. Consistent with the calculation of a gain or loss on a plan amendment, a.s.r. will use updated actuarial assumptions to determine the current service cost and net interest for the remainder of the annual reporting period upon the time of such amendment. The effect of the asset ceiling, if applicable, is disregarded when calculating the gain or loss on any settlement of the plan. </p><p>The financing cost related to employee benefits is recognised in interest expense. The current service costs are included in operating expenses. </p><div class=\"header header-2\">Other long-term employee benefits </div><p>Plans that offer benefits for long-service (leave), but do not qualify as a post-employment benefit plan, such as jubilee benefits, are measured at present value using the projected unit credit method and changes are recognised directly in the income statement. </p><div class=\"header header-2\">Other post-retirements obligations </div><p>a.s.r. offers post-employment benefit plans, such as arrangement for mortgage loans at a discount (fixed amount, reference date December 2017). The entitlement to these benefits is usually conditional on the employee remaining in service up to retirement age and the completion of a minimum service period. The expected costs of these benefits are accrued over the period of employment using an accounting methodology that is similar to that for DB plans. </p><div class=\"header header-2\">Vacation entitlements </div><p>A liability is formed for the vacation days which have not been taken at year-end. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295016\"><span class=\"title-text\">H. Acquisitions (Business combinations) </span></h1><p>Business acquisitions are accounted for according to the acquisition method, with the cost of the acquisitions being allocated to the fair value of the acquired identifiable assets, liabilities and contingent liabilities. </p><p>The goodwill is determined as the difference between the cost of the acquisition and a.s.r.\u2019s interest in the fair value of the acquired identifiable assets, liabilities and contingent liabilities at the acquisition date. Additionally for insurance contracts acquired that are onerous at the transaction date, the difference between the fair value and the fulfilment cash flows is also part of the goodwill. </p><p>Any change, in the fair value of acquired assets and liabilities at the acquisition date, determined within one year after acquisition, is recognised as an adjustment charged to goodwill in case of a preliminary valuation. Adjustments that occur after a period of one year are recognised in the income statement. Adjustments to the purchase price that are contingent on future events, and to the extent that these are not already included in the purchase price, are included in the purchase price of the acquisition at the time the adjustment is likely and can be measured reliably. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295030\"><span class=\"title-text\">I. Discontinued operations </span></h1><p>Classification as held for sale occurs when the carrying amount will be recovered principally through a sale transaction rather than through continuing use. </p><p>Classification as a discontinued operation occurs at the earlier of disposal or when the operation meets the criteria to be classified as held for sale. When a group of assets classified as held for sale represents a major line of business or geographical area the disposal group classifies as discontinued operations. </p><p>The comparative consolidated income statement and consolidated statement of comprehensive income are restated to show the discontinued operations separately from the continuing operations. Where applicable in the notes to the financial statements the reclassification to assets held for sale and liabilities relating to assets held for sale are recognised in the changes in the composition of the Group. Should the impairment exceed the carrying value of the non-current assets within the scope of IFRS 5 measurement, any remaining impairment amount will be presented as a separate provision. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294615\"><span class=\"number\">7.3.5 </span><span class=\"title-text\">Other accounting policies </span></h1><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294627\"><span class=\"title-text\">J. Basis for consolidation - subsidiaries </span></h1><p>The consolidated financial statements include the financial statements of a.s.r. and its subsidiaries. Subsidiaries are those entities (which may include deemed separate entities, the so-called silos and investments on behalf of policyholders) over which a.s.r. has control. Control exists when a.s.r. is exposed, or has rights, to variable returns from its involvement with the subsidiary and has the ability to affect those returns through its power over the subsidiary. This is the case if more than half of the voting rights may be exercised or if a.s.r. has control in any other manner. Subsidiaries are fully consolidated from the date on which control is acquired by a.s.r. and are deconsolidated when control ceases to exist. </p><p>A subsidiary's assets, liabilities and contingent liabilities are measured at fair value on the acquisition date and are subsequently accounted for in accordance with a.s.r.\u2019s accounting policies. </p><p>Non-controlling interests are initially stated at their proportionate share in the fair value of the net assets on the acquisition date and are subsequently adjusted for the non-controlling interest in changes in the subsidiary\u2019s equity. </p><p>The fund assets and liabilities of a.s.r. Premiepensioeninstelling B.V. (a.s.r. IORP), which is a.s.r.'s Institution for Occupational Retirement Provision (IORP), are a silo outside of the control of a.s.r., therefore these assets and liabilities are not consolidated by a.s.r. Only the remaining assets and liabilities within a.s.r. IORP (outside of the silo) are consolidated into a.s.r.\u2019s financial statements. </p><div class=\"header header-2\">Intragroup transactions </div><p>Intragroup balances and transactions between consolidated group companies are eliminated. Gains and losses on transactions between a.s.r. and associates and joint ventures are eliminated to the extent of a.s.r.\u2019s interest in these entities. </p><div class=\"header header-2\">Structured entities </div><p>Structured entities that are consolidated include certain mortgage-backed securitisation deals, where a.s.r. was involved in the design of the structured entities and also has the ability to use its power to affect the amount of the investee's returns. Other factors that contribute to the conclusion that consolidation of these entities is required includes consideration of whether a.s.r. fully services the investees and can therefore influence the defaults of the mortgage portfolios and the fact that in these cases the majority of risks are maintained by a.s.r. Structured entities that are not consolidated include general account investments in non-affiliated structured entities that are used for investment purposes. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294642\"><span class=\"title-text\">K. Product classification </span></h1><p>Insurance contracts are defined as contracts under which a.s.r. accepts significant insurance risk from policyholders by agreeing to compensate policyholders if a specified uncertain future event adversely affects the policyholder. These contracts are considered insurance contracts throughout the remaining term to maturity, irrespective of when the insured event occurs. In addition, these contracts can also transfer financial risk. </p><p>a.s.r. offers non-life insurance contracts and life insurance contracts. </p><div class=\"header header-2\">Non-life insurance contracts </div><p>Non-life insurance contracts are contracts that provide cover that is not related to the life or death of insured persons. These insurance contracts are classified into the following categories: Disability, Health, P&amp;C (motor, fire and liability) and Other. </p><div class=\"header header-2\">Life insurance contracts </div><p>Life insurance contracts (in cash) include savings-linked mortgages, annuities, term insurance policies, savings contracts and funeral insurance contracts. In addition to non-participating life insurance contracts, the insurance portfolio also includes: </p><ul><li><p>Individual and group participating contracts; </p></li><li><p>Individual contracts with discretionary participation features; </p></li><li><p>Group contracts with segregated pools with returns based on investment guarantees. </p></li></ul><div class=\"header header-2\">Direct participating insurance contracts </div><p>Claims from these life insurance contracts are directly linked to the underlying investments. The investment risk and return are borne fully for policyholders. Life insurance contracts for the account and risk of policyholders generally consist of contracts where premiums, after deduction of costs and risk premium, are invested in unit-linked funds. For some individual contracts, a.s.r. guarantees returns on unit-linked investment funds. In addition, group contracts with segregated pools are classified as direct participating insurance contracts. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294655\"><span class=\"title-text\">L. Segment information </span></h1><p>a.s.r. divides its operations into five reportable segments, reflecting differences in risk and return profiles and aligning with the internal reporting structure reviewed by the Executive Board (the chief operating decision maker). </p><div class=\"header header-2\">Insurance activities comprise: </div><ul><li><p><b>Non-life:</b> Non-life insurance in the Netherlands, including disability, property &amp; casualty, and health insurance. </p></li><li><p><b>Life:</b> Life insurance in the Netherlands, including defined benefit and defined contribution pensions, Individual life &amp; Funeral insurance, as well as IORP investment contracts (policyholder risk) and private investing services. </p></li></ul><div class=\"header header-2\">Non-insurance activities are presented as three segments: </div><ul><li><p><b>Asset Management:</b> Asset management activities, including investment property management and mortgage origination . </p></li><li><p><b>Distribution and Services:</b> Distribution of insurance contracts and related business services. </p></li><li><p><b>Holding and Other:</b> Holding activities (including group-related functions), other holding and intermediate holding companies, real estate development, minority participations, and entities classified as discontinued operations. </p></li></ul><p>Segment information is prepared in accordance with the accounting principles used for the preparation of a.s.r.\u2019s consolidated financial statements. Goodwill and other intangibles are presented in the related cash generating unit's segment. Intersegment transactions are conducted at arm\u2019s length conditions. In general, costs related to centralised services are allocated to the segments based on the utilisation of these services. </p><p>The Executive Board sets and monitors segment targets and budgets. Each segment aligns its strategies and policies with a.s.r.\u2019s group strategy. </p><p>Segment performance is assessed based on their operating result (see <a href=\"#n4295529\" title=\"Operating result\">section 7.10</a><b>)</b>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294673\"><span class=\"title-text\">M. Transaction date and settlement date </span></h1><p>All purchases and sales of financial instruments, which have to be settled in accordance with standard market conventions, are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. Any purchases and sales other than those requiring delivery within the time frame established by regulations or market conventions are accounted for as forward transactions until the time of settlement. For details on these transactions, see accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294686\"><span class=\"title-text\">N. Securities lending </span></h1><p>a.s.r. participates in securities lending transactions, whereby collateral is received in the form of securities or cash. Cash received as collateral is recognised in the balance sheet and a corresponding liability is recognised as liabilities arising from securities lending in \u2018Due to banks\u2019. Securities lent remain on the balance sheet. Securities received as collateral are not recognised in the balance sheet. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294699\"><span class=\"title-text\">O. Statement of cash flows </span></h1><p>The statement of cash flows classifies cash flows by operating activities, investing activities and financing activities. Cash flows denominated in foreign currencies are converted at the exchange rates applicable on the transaction date. </p><p>Cash flows from operating activities are reported using the indirect method. Cash flows from operating activities include result before tax, adjustments for gains and losses that did not result in income and payments in the same financial year, adjustments for movements in provisions, and accrued and deferred items. </p><p>The statement of cash flows recognises interest received and paid, and dividends received within cash flows from operating activities. Cash flows from purchasing and selling investments and investment property are included in cash flows from operating activities on a net basis. Dividends paid are recognised within cash flows from financing activities. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294713\"><span class=\"title-text\">P. Property, plant and equipment </span></h1><div class=\"header header-2\">Property held for own use and plant </div><p>Property held for own use and plants comprise of land and office buildings and plants like wind farms and are measured at fair value (revaluation model) based on annual valuations, conducted by external, independent valuators with adequate professional expertise and experience in the specific location and categories of properties or plant. </p><p>They are subsequently measured at fair value, including any unrealised fair value changes in equity, taking into account any deferred tax liabilities. For the method of determining the fair value reference is made to accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a> for investment property and plant. </p><p>Increase in the fair value exceeding the cost price is added to the revaluation reserve in shareholders\u2019 equity, less deferred taxes. Decreases in the fair value that offset previous increases of the same asset, are charged against the revaluation reserve. The revaluation reserve cannot be negative. All other decreases in fair value are accounted for in the income statement. Increases that reverse a revaluation decrease on the same asset previously recognised in net result are recognised in the income statement. </p><p>Buildings and wind farms are depreciated using the straight-line method based on expected useful life, taking into account their fair value amount, the residual value from the time when it is in the location and condition necessary for it to be capable of operating in the manner intended by management. The useful life of buildings is assessed annually for every individual component (component approach). </p><h3 class=\"table-title\">Property and plant classified into components and their maximum life </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Components </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Useful life (expressed in years) </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">n.a. </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Shell </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Outer layer </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Wind turbines </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Solar panels </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Systems </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fittings and fixtures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td></tr></tbody></table><br/><p>Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Upon the sale of a property or plant, the part of the revaluation reserve related to the sold property or plant, within equity, is transferred to \u2018other reserves\u2019 and is not reclassified to the income statement. Therefore annually a transfer is also made from the revaluation reserve related to \u2018other reserves\u2019 in line with the depreciation recognised in the income statement for the revalued portion. </p><div class=\"header header-2\">Equipment </div><p>Equipment is recognised at cost, less accumulated depreciation and / or any accumulated impairment losses. Cost corresponds with the cash paid or the fair value of the consideration given to acquire the asset. </p><p>Equipment is depreciated over its useful life, which is determined individually (usually between three and five years). Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Accounting for borrowing costs attributable to the construction of property, plant and equipment is the same as accounting for borrowing costs attributable to investment property. For details, see accounting policy <a href=\"#n4295110\" title=\"D. Investment property\">D</a>. </p><div class=\"header header-2\">Right-of-use assets </div><p>Right-of-use assets are recognised for lease contracts for which a.s.r. is the lessee. For more information reference is made to accounting policy <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294734\"><span class=\"title-text\">Q. Associates and joint ventures </span></h1><div class=\"header header-2\">Associates </div><p>Associates are entities over which a.s.r. has significant influence on operating and financial contracts, without having control. Generally, associates are accounted for using the equity method from the date at which a.s.r. acquires significant influence until the date at which such influence ceases. This means that associates are initially recognised at cost, including any goodwill paid. This value is subsequently adjusted to take account of a.s.r.\u2019s share of the associate\u2019s comprehensive income. Comprehensive income is adjusted in accordance with the accounting principles used by a.s.r. </p><p>Losses are accounted for until the carrying amount of the investment has reached zero. Further provisions are recognised only to the extent that a.s.r. has incurred legal or constructive obligations concerning these associates. </p><p>If objective evidence of impairment exists, associates are tested for impairment and, if necessary, written down. </p><p>When the application of the equity method produces information that is not relevant to the investors, a.s.r. may use the exemption of IAS 28 to measure the investments in those associates at fair value through profit or loss in accordance with IFRS 9. a.s.r. applies fair value measurement for investments in real estate equity funds and mortgage equity funds, over which a.s.r. has significant influence. </p><div class=\"header header-2\">Joint ventures </div><p>Joint ventures are contractual arrangements whereby a.s.r. and one or more parties undertake an economic activity that is subject to joint control. Joint control exists only when the strategic financial and operating decisions relating to the activity require the unanimous consent of the parties sharing control. </p><p>These interests are accounted for using the equity method as applied to associates. The interests are recognised in the financial statements from the date on which a.s.r. first obtains joint control until the date that this joint control ceases. </p><p>If objective evidence of impairment exists, joint ventures are tested for impairment and, if necessary an impairment is recognised in the income statement. </p><div class=\"header header-2\">Joint operations </div><p>a.s.r. has a limited number of non-material joint operations. These are recognised in relation to a.s.r.\u2019s interest in the joint operation's individual balance sheet and income statement items. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294751\"><span class=\"title-text\">R. Other assets </span></h1><p>Other assets include accrued investment income, property developments, collateral (including margin accounts), reverse repurchase agreements, tax assets and accrued assets. </p><p>Property developments consist of property under development commissioned by third parties. Development property is measured at cost including any incremental costs (if a.s.r. expects to recover those costs), directly related costs to the contract (i.e. labour, materials, allocation of directly related costs, payments to subcontractors) and construction period interest, less any invoiced instalments and impairments. </p><p>Revenue on property development is primarily accounted for at the moment the property is sold. This is a performance obligation satisfied at a point in time. The point in time is the moment a customer obtains control of the promised asset. </p><p>Property developments which are sold can have guarantees (such as rent guarantees or construction guarantees), which may give rise to a separate performance obligation. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294766\"><span class=\"title-text\">S. Cash and cash equivalents </span></h1><p>Cash and cash equivalents include cash in hand, deposits held at call with banks, cash collateral and other short-term highly liquid investments that are not subject to a significant risk of changes in value. Cash and cash equivalents are measured at fair value through profit or loss. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294783\"><span class=\"title-text\">T. Equity </span></h1><div class=\"header header-2\">Share capital and share premium reserve </div><p>The share capital disclosed in the balance sheet consists of issued and fully paid-up ordinary shares. The share premium reserve comprises additional paid-in capital in excess of the par value of the shares. </p><div class=\"header header-2\">Reserve for unrealised gains and losses </div><p>This reserve consists of: </p><ul><li><p>Unrealised gains and losses from assets FVOCI net of tax (see accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>); </p></li><li><p>The share of unrealised gains and losses of associates and joint ventures using the equity method held by a.s.r. (see accounting policy <a href=\"#n4294734\" title=\"Q. Associates and joint ventures\">Q</a>); </p></li><li><p>Unrealised change in value of property for own use (see accounting policy <a href=\"#n4294713\" title=\"P. Property, plant and equipment\">P</a>); </p></li></ul><div class=\"header header-2\">Actuarial gains and losses </div><p>Actuarial gains and losses result from the post-employment benefit pension plans (see accounting policy <a href=\"#n4295201\" title=\"G. Employee benefit plans\">G</a>). </p><div class=\"header header-2\">Retained earnings </div><p>Retained earnings also include other reserves and the unappropriated result. </p><div class=\"header header-2\">Other equity instruments </div><p>This item represents the par value of the other equity instruments. Costs directly attributable to the equity issue and the tax impact thereof are recognised in retained earnings. </p><div class=\"header header-2\">Treasury shares </div><p>Treasury shares are a.s.r.\u2019s own ordinary shares that have been issued and subsequently reacquired by a.s.r. Treasury shares are deducted from equity, regardless of the objective of the transaction. No gain or loss is recognised in the income statement on the purchase, sale, issue or cancellation of the instruments. If sold, the difference between the carrying amount and the proceeds is reflected in retained earnings. The consideration paid or received is recognised directly in shareholders\u2019 equity. All treasury shares are eliminated in the calculation of earnings per share and dividend per ordinary share. </p><p>Treasury shares are either required as part of the share buy-back program, or acquired and resold as part of the employee share purchase plan, see <a href=\"#n4295428\" title=\"Employee Share Purchase Plan\">section 7.7.6</a>. </p><div class=\"header header-2\">Non-controlling interest </div><p>The non-controlling interest relates to the equity in a consolidated subsidiary not attributable, directly or indirectly, to a.s.r. (see accounting policy <a href=\"#n4294627\" title=\"J. Basis for consolidation - subsidiaries\">J</a>). </p><div class=\"header header-2\">Dividends on ordinary share capital </div><p>Dividends on ordinary shares are recognised as a liability and recognised in equity when they are approved by a.s.r.\u2019s shareholders. Interim dividends are recognised in equity when they are paid. </p><p>Dividends for the year that are approved after the reporting date are treated as an event after the reporting date. </p><div class=\"header header-2\">Discretionary interest on other equity instruments </div><p>Discretionary interest on other equity instruments is recognised in equity upon payment. The related income tax on these equity instruments is recognised in the income statement. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294803\"><span class=\"title-text\">U. Financing </span></h1><p>Financing includes savings deposits, borrowings, due to customers, due to banks, subordinated liabilities and other financial liabilities. On initial recognition, debt instruments and other loans are stated at fair value, net of transaction costs incurred. Subsequent valuation is at amortised cost. Any difference between the proceeds and the redemption value is recognised in the income statement over the period of the borrowings using the effective interest method. Lease liabilities are included under borrowings and measured in accordance with accounting policy <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294820\"><span class=\"title-text\">V. Leasing </span></h1><p>A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for a consideration. For contracts that contain a lease component and one or more additional lease or non-lease components a.s.r. applies the practical expedient not to separate non-lease components from lease components. </p><p>At the commencement date of the lease, a.s.r. recognises a right-of-use asset and a lease liability. The right-of-use asset comprises the amount of the lease liability at initial measurement. The lease liability is measured at the present value of the lease payments that are not paid at the commencement date. For vehicles, the lease payments are discounted using the interest rate implicit in the lease. For other leases a.s.r.\u2019s incremental borrowing rate is used. </p><p>Subsequently, the right-of-use asset is valued at cost less any cumulated depreciation and any accumulated impairment losses and adjusted for any remeasurement of the lease liability. The lease liability is increased with interest accrued and reduced for lease payments made. When applicable the lease liability is remeasured for changes in future payments resulting from a change in index or lease term. </p><p>The right-of-use assets are presented under property, plant and equipment. The lease liabilities are presented under borrowings. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294835\"><span class=\"title-text\">W1. Insurance contract revenue </span></h1><p>Insurance contract revenue excludes any investment components and is measured as follows. </p><div class=\"header header-2\">Insurance contract revenue \u2013 contracts measured under the GMM or VFA </div><p>a.s.r. recognises insurance contract revenue as it satisfies its performance obligations \u2013 i.e. as it provides coverage or other services required due to groups of insurance contracts. </p><p>For contracts measured under the GMM or VFA, the insurance contract revenue relating to services provided for each period represents the total of the changes in the liability for remaining coverage that relate to services for which a.s.r. expects to receive consideration. </p><p>Insurance contract revenue consists of the sum of the changes in the liability for remaining coverage due to: </p><ul><li><p>The insurance service expenses incurred in the period measured at the amounts expected at the beginning of the period, excluding: <br/>\u2013 Amounts allocated to the loss component; <br/>\u2013 Repayments of investment components; <br/>\u2013 Amounts that relate to transaction-based taxes collected on behalf of third parties; <br/>\u2013 Insurance acquisition expenses; and <br/>\u2013 Amounts relating to risk adjustment for non-financial risk. </p></li><li><p>The change in the risk adjustment for non-financial risk, excluding: <br/>\u2013 Changes that relate to future service that adjust the CSM; and <br/>\u2013 Amounts allocated to the loss component. </p></li><li><p>The amount of CSM for the services provided in the period; </p></li><li><p>In addition, a.s.r. allocates a portion of premiums that relate to recovering insurance acquisition cash flows to each period in a systematic way based on the passage of time. a.s.r. recognises the allocated amount as insurance contracts revenue and an equal amount as insurance service expenses. </p></li></ul><p>The amount of the CSM of a group of insurance contracts that is recognised as insurance contract revenue in each reporting period is generally determined by considering the quantity of benefits provided from the services per insurance contract and allocating the CSM per insurance contract remaining at the end of the reporting period (before any allocation) equally to the services provided in the reporting period and expected to be provided in future periods. </p><p>Per group of contracts, in accordance with the level of aggregation criteria, the CSM is subsequently released, considering each individual contract, to the current coverage period and to future coverage periods in which the insurance contract service is expected to be provided (considering expected contract terms and survivor, lapse and death assumptions). </p><div class=\"header header-2\">Insurance contract revenue \u2013 contracts measured under the PAA </div><p>For contracts measured under the PAA, the insurance contract revenue for each period is the amount of expected premium receipts for providing coverage in the period. a.s.r. allocates the expected premium receipts to each period on the basis of the passage of time. </p><div class=\"header header-2\">Allocation of reinsurance premiums paid </div><p>a.s.r. allocates reinsurers premiums paid as it receives coverage or other services under groups of reinsurance contracts. For contracts measured under the GMM the allocation of reinsurance premiums paid relating to services received for each reporting period represents the total of the changes in the remaining coverage component that relate to services for which a.s.r. expects to pay consideration. </p><p>For contracts measured under the PAA, the allocation of reinsurance premiums paid for each period is the amount of expected premium payments for receiving coverage in the period. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294849\"><span class=\"title-text\">W2. Insurance service expenses </span></h1><p>Insurance service expenses arising from insurance contracts are recognised in the income statement generally as they are incurred. They comprise the following items: </p><ul><li><p>Claims and benefits <br/>- Incurred claims and benefits; <br/>- Losses and reversal of losses on onerous contracts; <br/>- Adjustment of the liabilities for incurred claims and benefits that do not arise from the effects of the time value of money, financial risk and changes therein; </p></li><li><p>Insurance service operating expenses <br/>- Attributable insurance service operating expenses; <br/>- Acquisition costs when incurred for insurance contracts measured under the PAA; and <br/>- Amortisation of insurance acquisition cash flows for contracts not measured under the PAA. </p></li></ul><div class=\"header header-3\">Loss components </div><p>a.s.r. establishes a loss component of the liability for remaining coverage for onerous groups of insurance contracts. The loss component determines the amounts of fulfilment cash flows that are subsequently presented in the income statement as reversals of losses on onerous contracts and are excluded from insurance contract revenue when they occur. When the fulfilment cash flows occur, they are allocated between the loss component and the liability for remaining coverage excluding the loss component on a systematic basis. </p><p>The systematic basis is determined by the proportion of the loss component relative to the total estimate of the present value of the future cash outflows plus the risk adjustment for non-financial risk at the beginning of each period (or on initial recognition if a group of contracts is initially recognised in the period). </p><p>Decreases in fulfilment cash flows relating to future services or increases in a.s.r.\u2019s share of the fair value of any underlying items are allocated solely to the loss component. If the loss component is reduced to zero, then any excess over the amount allocated to the loss component creates a new CSM for the group of contracts. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294909\"><span class=\"title-text\">W3. Investment income </span></h1><p>Investment income comprises the direct investment income such as interest income on financial assets, dividends received, rental income from investment property and other direct investment income. Fair value gains and losses includes the net gains on financial assets at FVTPL, net gains on derecognition of financial assets and liabilities at amortised cost and fair value gains on investment property. </p><div class=\"header header-2\">Interest income </div><p>Interest income for all interest-bearing instruments includes coupons earned on fixed income instruments and is recognised on an accrual basis. Transaction costs attributable to the acquisition of debt securities at fair value through profit or loss are immediately recognised in the income statement. </p><p>When unpaid interest has accrued before the acquisition of an interest-bearing investment, the subsequent receipt of interest is allocated between pre-acquisition and post-acquisition periods; only the post-acquisition portion is recognised as revenue. The pre-acquisition interest is part of the consideration paid. </p><div class=\"header header-3\">Interest rate swaps </div><p>When the two legs of an interest rate swap are settled gross, interest paid and interest received on these swap are not offset. Gross settlement means that both legs of the swap are settled separately: one party receives interest and the other party pays interest. The net amount depends on the market interest rate. Interest received is accounted for as direct investment income, interest paid is accounted for as other finance expense. </p><div class=\"header header-2\">Impairments </div><p>When a receivable is impaired, a lifetime expected credit loss (ECL) is recognised and interest income is calculated on the net carrying amount (that is the gross carrying amount less credit allowance). </p><div class=\"header header-2\">Dividends </div><p>Dividend income is recognised in the income statement when a right to receive payment is established. </p><div class=\"header header-2\">Rental income </div><p>Rental income from investment property is allocated to the period to which they relate. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294863\"><span class=\"title-text\">W4. Insurance finance income and expenses </span></h1><p>Insurance finance income and expenses comprise changes in the carrying amounts of groups of insurance and reinsurance contracts, measured through GMM and PAA, arising from the effects of the time value of money, financial risk and changes therein. For direct participating insurance contracts (VFA) the change in the fair value of the underlying items is included in the insurance finance income and expenses. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294879\"><span class=\"title-text\">X. Solvency II </span></h1><p>a.s.r. needs to comply with prudential reporting requirements set under Solvency II, which differ from EU-IFRS in a number of areas. </p><p>In accordance with the Solvency II regulations (2009/138/EG art. 75 - 86), Solvency II figures are based on fair value. Fair value measurement is based on the same fair value hierarchy described in the IFRS accounting policies (see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>). </p><p>Most important adjustments in the balance sheet, compared to IFRS, are the valuation of the (savings-linked) mortgage loans-portfolio and the liabilities arising from insurance contracts (including the risk margin). Solvency II Basic Own Funds consists of the excess of assets over liabilities and subordinated liabilities, minus foreseeable dividend. At 31 December 2025, the Solvency Capital Requirement (SCR) of a.s.r. and the life insurance entities is based on the Partial Internal Model (PIM). The PIM is approved by DNB. In 2024, only Aegon life and Aegon spaarkas calculated the SCR based on PIM, while a.s.r. Life applied the standard formula. The calculations of the Loss Absorbing Capacity of Deferred Tax (LAC DT) for a.s.r. life, Aegon life and Aegon spaarkas are based on the PIM outcomes. The SCR for the other insurance entities are entirely based on the standard formula, including the calculation of the LAC DT of these entities. The LAC DT methodology is reviewed and properly documented. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8141": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294926\"><span class=\"number\">7.3.1 </span><span class=\"title-text\">Changes in EU endorsed published IFRS Standards and Interpretations effective in 2025 </span></h1><p>In 2025, no changes in EU endorsed published IFRS Standards and Interpretations are relevant to a.s.r. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294941\"><span class=\"number\">7.3.2 </span><span class=\"title-text\">Changes in accounting policies and presentations </span></h1><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294956\"><span class=\"number\">7.3.2.1 </span><span class=\"title-text\">Changes in accounting policies </span></h1><div class=\"header header-2\">Change in accounting policy for the measurement of the liability for remaining coverage and incurred claims for Individual disability contracts </div><p>In 2025, a.s.r. implemented a voluntary change in accounting policy regarding the treatment of incurred claims within the Individual Disability portfolio. Under IFRS 17, entities may exercise judgment in determining whether a claim incurred, while the contract remains subject to future insurance risk, should be recognised as a Liability for Incurred Claims or included in the Liability for Remaining Coverage. </p><p>At the implementation of IFRS 17, a.s.r.\u00a0 opted for the Liability for Incurred Claims accounting policy choice for the entire Income portfolio, including individual income products with incurred claims subject to future insurance risk. </p><p>After three years of practical experience and a more detailed analysis, a.s.r. reassessed this accounting policy choice. The review concluded that the Individual Disability portfolio differs significantly from the Group Disability and Sickness Leave portfolios in several respects, such as coverage structure, risk profile, claim timing and predictability, and the nature of services provided to policyholders. This reassessment was driven by the inherent complexity and volatility in measuring the Individual Disability portfolio. </p><p>Based on the work performed, a.s.r. changed the accounting policy choice for incurred claims that remain subject to future insurance risk, and these are now accounted for under the Liability for Remaining Coverage. Consequently, related experience adjustments (linked to current and past services) are recognised in the CSM rather than in the insurance service result. The revised accounting policy change aims to reduce complexity and improve the relevance of financial information, it better reflects the services provided to policyholders and aligns with the recently emerged market practice, enhancing comparability and consistency across the industry. </p><p>As part of the Individual Disability portfolio is reinsured, this change also impacts the accounting for related reinsurance contracts, as the best estimate cash flows of the underlying policies form the basis for measuring those contracts. </p><p>Because of the time needed for this thorough review and the accounting policy change decision in the second half-year of 2025, the first half-year 2025 reporting was still prepared on the previous accounting policy choice. </p><div class=\"header header-3\">Impact of the change </div><p>The change in accounting policy is applied retrospectively. The difference between the actually reported and the revised performance based on the new accounting policy choice is reflected in the table below on the next page. </p><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Reconciliation change in accounting policies </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-center border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;\">Previously reported </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Impact of Accounting Policy Change </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Restated Amount </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Balance sheet 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance contract assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">501 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">518 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,583 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,768 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,771 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Retained earnings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,147 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">42 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,190 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63,302 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63,262 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total equity and liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,768 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,771 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Balance sheet 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance contract assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">485 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">491 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,342 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,323 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,595 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,582 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Retained earnings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,528 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">54 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,582 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64,267 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-68 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64,200 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total equity and liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,595 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,582 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Income statement 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,601 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,601 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><i>Incurred claims and benefits </i></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-7,389 </i></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>30 </i></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-7,359 </i></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8,739 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8,710 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result before reinsurance </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>862 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>29 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>891 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-101 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>772 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>790 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance and reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5,731 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5,733 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment and finance result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>843 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>842 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,447 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,464 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Income tax (expense) / gain </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-383 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-387 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>944 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>12 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>956 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Income statement HY2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,944 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,943 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><i>Incurred claims and benefits </i></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-3,836 </i></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>4 </i></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-3,832 </i></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,542 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,539 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result before reinsurance </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>402 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>404 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-45 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-56 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>356 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-8 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>349 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance and reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,551 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,554 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment and finance result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-143 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-140 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>168 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>163 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Income tax (expense) / gain </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-35 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>133 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>130 </b></td></tr></tbody></table><br/><p>The total after\u2011tax impact of the accounting policy change is an increase in total equity as at 31 December 2024 of <span style=\"white-space:nowrap;\">\u20ac\u00a054 million</span> (1 January 2024: <span style=\"white-space:nowrap;\">\u20ac\u00a042 million</span>). </p><p>The impact of the accounting policy change on the CSM as at 31 December 2024 is a decrease of <span style=\"white-space:nowrap;\">\u20ac\u00a073 million</span> (1 January 2024: decrease of <span style=\"white-space:nowrap;\">\u20ac\u00a057 million</span>). See <a href=\"#n4293481\" title=\"Insurance contracts - Non-life\">section 7.5.13.1</a> for further details. </p><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294976\"><span class=\"number\">7.3.2.2 </span><span class=\"title-text\">Changes in presentation </span></h1><p>In 2025, no changes in presentation are made by a.s.r. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294988\"><span class=\"number\">7.3.3 </span><span class=\"title-text\">Upcoming changes in published IFRS standards and interpretations, not yet effective in 2025 </span></h1><p>The following new standards, amendments to existing standards and interpretations, relevant to a.s.r. and published prior to 1 January 2026 and effective for accounting periods beginning on or after 1 January 2026, were not early adopted by a.s.r.: </p><ul><li><p>IFRS 18: Presentation and Disclosure in Financial Statements (2027); </p></li></ul><div class=\"header header-2\">IFRS 18 Presentation and Disclosure in Financial Statements </div><p>IFRS 18 replaces IAS 1, carrying forward many of the requirements in IAS 1 unchanged and introduces the following key changes: </p><ul><li><p>present specified categories (operating, investing, financing) and defined subtotals in the income statement; </p></li><li><p>provide disclosures on management-defined performance measures (MPMs) in the notes to the financial statements; </p></li><li><p>enhance criteria for aggregating and disaggregating financial statement line items; </p></li><li><p>the operating profit subtotal is the starting point for the statement of cash flows when presenting the operating cash flows under the indirect method. </p></li></ul><p>In 2025, a high-level impact assessment has been performed and a.s.r. has set up a project to implement IFRS 18. IFRS 18 will be applied retrospectively from 1 January 2027. Based on current analysis, the impact on a.s.r.'s financial statements is expected to be limited to presentation and disclosure changes, with no change expected to result for the year. At this stage, other quantitative effects cannot yet be reliably estimated. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8142": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294926\"><span class=\"number\">7.3.1 </span><span class=\"title-text\">Changes in EU endorsed published IFRS Standards and Interpretations effective in 2025 </span></h1><p>In 2025, no changes in EU endorsed published IFRS Standards and Interpretations are relevant to a.s.r. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294941\"><span class=\"number\">7.3.2 </span><span class=\"title-text\">Changes in accounting policies and presentations </span></h1><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294956\"><span class=\"number\">7.3.2.1 </span><span class=\"title-text\">Changes in accounting policies </span></h1><div class=\"header header-2\">Change in accounting policy for the measurement of the liability for remaining coverage and incurred claims for Individual disability contracts </div><p>In 2025, a.s.r. implemented a voluntary change in accounting policy regarding the treatment of incurred claims within the Individual Disability portfolio. Under IFRS 17, entities may exercise judgment in determining whether a claim incurred, while the contract remains subject to future insurance risk, should be recognised as a Liability for Incurred Claims or included in the Liability for Remaining Coverage. </p><p>At the implementation of IFRS 17, a.s.r.\u00a0 opted for the Liability for Incurred Claims accounting policy choice for the entire Income portfolio, including individual income products with incurred claims subject to future insurance risk. </p><p>After three years of practical experience and a more detailed analysis, a.s.r. reassessed this accounting policy choice. The review concluded that the Individual Disability portfolio differs significantly from the Group Disability and Sickness Leave portfolios in several respects, such as coverage structure, risk profile, claim timing and predictability, and the nature of services provided to policyholders. This reassessment was driven by the inherent complexity and volatility in measuring the Individual Disability portfolio. </p><p>Based on the work performed, a.s.r. changed the accounting policy choice for incurred claims that remain subject to future insurance risk, and these are now accounted for under the Liability for Remaining Coverage. Consequently, related experience adjustments (linked to current and past services) are recognised in the CSM rather than in the insurance service result. The revised accounting policy change aims to reduce complexity and improve the relevance of financial information, it better reflects the services provided to policyholders and aligns with the recently emerged market practice, enhancing comparability and consistency across the industry. </p><p>As part of the Individual Disability portfolio is reinsured, this change also impacts the accounting for related reinsurance contracts, as the best estimate cash flows of the underlying policies form the basis for measuring those contracts. </p><p>Because of the time needed for this thorough review and the accounting policy change decision in the second half-year of 2025, the first half-year 2025 reporting was still prepared on the previous accounting policy choice. </p><div class=\"header header-3\">Impact of the change </div><p>The change in accounting policy is applied retrospectively. The difference between the actually reported and the revised performance based on the new accounting policy choice is reflected in the table below on the next page. </p><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Reconciliation change in accounting policies </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-center border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;\">Previously reported </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Impact of Accounting Policy Change </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Restated Amount </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Balance sheet 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance contract assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">501 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">518 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,583 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,768 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,771 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Retained earnings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,147 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">42 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,190 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63,302 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63,262 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total equity and liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,768 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,771 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Balance sheet 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance contract assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">485 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">491 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,342 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,323 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,595 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,582 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Retained earnings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,528 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">54 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,582 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64,267 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-68 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64,200 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total equity and liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,595 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,582 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Income statement 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,601 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,601 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><i>Incurred claims and benefits </i></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-7,389 </i></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>30 </i></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-7,359 </i></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8,739 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8,710 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result before reinsurance </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>862 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>29 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>891 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-101 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>772 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>790 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance and reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5,731 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5,733 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment and finance result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>843 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>842 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,447 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,464 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Income tax (expense) / gain </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-383 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-387 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>944 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>12 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>956 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Income statement HY2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,944 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,943 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><i>Incurred claims and benefits </i></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-3,836 </i></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>4 </i></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-3,832 </i></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,542 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,539 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result before reinsurance </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>402 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>404 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-45 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-56 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>356 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-8 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>349 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance and reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,551 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,554 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment and finance result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-143 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-140 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>168 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>163 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Income tax (expense) / gain </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-35 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>133 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>130 </b></td></tr></tbody></table><br/><p>The total after\u2011tax impact of the accounting policy change is an increase in total equity as at 31 December 2024 of <span style=\"white-space:nowrap;\">\u20ac\u00a054 million</span> (1 January 2024: <span style=\"white-space:nowrap;\">\u20ac\u00a042 million</span>). </p><p>The impact of the accounting policy change on the CSM as at 31 December 2024 is a decrease of <span style=\"white-space:nowrap;\">\u20ac\u00a073 million</span> (1 January 2024: decrease of <span style=\"white-space:nowrap;\">\u20ac\u00a057 million</span>). See <a href=\"#n4293481\" title=\"Insurance contracts - Non-life\">section 7.5.13.1</a> for further details. </p><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294976\"><span class=\"number\">7.3.2.2 </span><span class=\"title-text\">Changes in presentation </span></h1><p>In 2025, no changes in presentation are made by a.s.r. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294988\"><span class=\"number\">7.3.3 </span><span class=\"title-text\">Upcoming changes in published IFRS standards and interpretations, not yet effective in 2025 </span></h1><p>The following new standards, amendments to existing standards and interpretations, relevant to a.s.r. and published prior to 1 January 2026 and effective for accounting periods beginning on or after 1 January 2026, were not early adopted by a.s.r.: </p><ul><li><p>IFRS 18: Presentation and Disclosure in Financial Statements (2027); </p></li></ul><div class=\"header header-2\">IFRS 18 Presentation and Disclosure in Financial Statements </div><p>IFRS 18 replaces IAS 1, carrying forward many of the requirements in IAS 1 unchanged and introduces the following key changes: </p><ul><li><p>present specified categories (operating, investing, financing) and defined subtotals in the income statement; </p></li><li><p>provide disclosures on management-defined performance measures (MPMs) in the notes to the financial statements; </p></li><li><p>enhance criteria for aggregating and disaggregating financial statement line items; </p></li><li><p>the operating profit subtotal is the starting point for the statement of cash flows when presenting the operating cash flows under the indirect method. </p></li></ul><p>In 2025, a high-level impact assessment has been performed and a.s.r. has set up a project to implement IFRS 18. IFRS 18 will be applied retrospectively from 1 January 2027. Based on current analysis, the impact on a.s.r.'s financial statements is expected to be limited to presentation and disclosure changes, with no change expected to result for the year. At this stage, other quantitative effects cannot yet be reliably estimated. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8143": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294926\"><span class=\"number\">7.3.1 </span><span class=\"title-text\">Changes in EU endorsed published IFRS Standards and Interpretations effective in 2025 </span></h1><p>In 2025, no changes in EU endorsed published IFRS Standards and Interpretations are relevant to a.s.r. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294941\"><span class=\"number\">7.3.2 </span><span class=\"title-text\">Changes in accounting policies and presentations </span></h1><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294956\"><span class=\"number\">7.3.2.1 </span><span class=\"title-text\">Changes in accounting policies </span></h1><div class=\"header header-2\">Change in accounting policy for the measurement of the liability for remaining coverage and incurred claims for Individual disability contracts </div><p>In 2025, a.s.r. implemented a voluntary change in accounting policy regarding the treatment of incurred claims within the Individual Disability portfolio. Under IFRS 17, entities may exercise judgment in determining whether a claim incurred, while the contract remains subject to future insurance risk, should be recognised as a Liability for Incurred Claims or included in the Liability for Remaining Coverage. </p><p>At the implementation of IFRS 17, a.s.r.\u00a0 opted for the Liability for Incurred Claims accounting policy choice for the entire Income portfolio, including individual income products with incurred claims subject to future insurance risk. </p><p>After three years of practical experience and a more detailed analysis, a.s.r. reassessed this accounting policy choice. The review concluded that the Individual Disability portfolio differs significantly from the Group Disability and Sickness Leave portfolios in several respects, such as coverage structure, risk profile, claim timing and predictability, and the nature of services provided to policyholders. This reassessment was driven by the inherent complexity and volatility in measuring the Individual Disability portfolio. </p><p>Based on the work performed, a.s.r. changed the accounting policy choice for incurred claims that remain subject to future insurance risk, and these are now accounted for under the Liability for Remaining Coverage. Consequently, related experience adjustments (linked to current and past services) are recognised in the CSM rather than in the insurance service result. The revised accounting policy change aims to reduce complexity and improve the relevance of financial information, it better reflects the services provided to policyholders and aligns with the recently emerged market practice, enhancing comparability and consistency across the industry. </p><p>As part of the Individual Disability portfolio is reinsured, this change also impacts the accounting for related reinsurance contracts, as the best estimate cash flows of the underlying policies form the basis for measuring those contracts. </p><p>Because of the time needed for this thorough review and the accounting policy change decision in the second half-year of 2025, the first half-year 2025 reporting was still prepared on the previous accounting policy choice. </p><div class=\"header header-3\">Impact of the change </div><p>The change in accounting policy is applied retrospectively. The difference between the actually reported and the revised performance based on the new accounting policy choice is reflected in the table below on the next page. </p><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Reconciliation change in accounting policies </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-center border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;\">Previously reported </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Impact of Accounting Policy Change </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Restated Amount </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Balance sheet 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance contract assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">501 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">518 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,583 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,768 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,771 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Retained earnings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,147 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">42 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,190 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63,302 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63,262 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total equity and liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,768 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150,771 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Balance sheet 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance contract assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">485 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">491 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,342 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,323 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,595 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,582 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Retained earnings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,528 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">54 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,582 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64,267 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-68 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64,200 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total equity and liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,595 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,582 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Income statement 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,601 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,601 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><i>Incurred claims and benefits </i></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-7,389 </i></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>30 </i></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-7,359 </i></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8,739 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8,710 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result before reinsurance </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>862 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>29 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>891 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-101 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>772 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>790 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance and reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5,731 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5,733 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment and finance result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>843 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>842 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,447 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,464 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Income tax (expense) / gain </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-383 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-387 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>944 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>12 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>956 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Income statement HY2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,944 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,943 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><i>Incurred claims and benefits </i></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-3,836 </i></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>4 </i></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-3,832 </i></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,542 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,539 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result before reinsurance </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>402 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>404 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-45 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-56 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>356 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-8 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>349 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance and reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,551 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,554 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment and finance result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-143 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-140 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>168 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>163 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Income tax (expense) / gain </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-35 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>133 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>130 </b></td></tr></tbody></table><br/><p>The total after\u2011tax impact of the accounting policy change is an increase in total equity as at 31 December 2024 of <span style=\"white-space:nowrap;\">\u20ac\u00a054 million</span> (1 January 2024: <span style=\"white-space:nowrap;\">\u20ac\u00a042 million</span>). </p><p>The impact of the accounting policy change on the CSM as at 31 December 2024 is a decrease of <span style=\"white-space:nowrap;\">\u20ac\u00a073 million</span> (1 January 2024: decrease of <span style=\"white-space:nowrap;\">\u20ac\u00a057 million</span>). See <a href=\"#n4293481\" title=\"Insurance contracts - Non-life\">section 7.5.13.1</a> for further details. </p><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294976\"><span class=\"number\">7.3.2.2 </span><span class=\"title-text\">Changes in presentation </span></h1><p>In 2025, no changes in presentation are made by a.s.r. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8404": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295045\"><span class=\"title-text\">A. Estimates and assumptions </span></h1><p>The preparation of the financial statements requires a.s.r. to make estimates, assumptions and judgements in applying accounting policies that have an effect on the reported amounts in the financial statements. These relate primarily to the following: </p><ul><li><p>The estimated useful life, residual value and fair value of property, plant and equipment, investment property, and intangible assets (see accounting policy <a href=\"#n4295091\" title=\"C. Intangible assets\">C</a>, <a href=\"#n4295110\" title=\"D. Investment property\">D</a> and <a href=\"#n4294713\" title=\"P. Property, plant and equipment\">P</a>); </p></li><li><p>The fair value and impairments of unlisted financial instruments (see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a> and <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>); </p></li><li><p>The recoverable amount of impaired assets (see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a> and <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a> ); </p></li><li><p>The fair value used to determine the net asset value in acquisitions (see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5)</a>; </p></li><li><p>The fair value used in measuring the assets held for sale and liabilities related to the assets held for sale (see <a href=\"#n4296292\" title=\"Discontinued operations\">section 7.4.6</a>); </p></li><li><p>The measurement of insurance contract liabilities and liabilities arising from direct participating insurance contracts (see <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4</a>); </p></li><li><p>Actuarial assumptions used for measuring employee benefit obligations (see <a href=\"#n4293688\" title=\"Employee benefits\">section 7.5.15</a>); </p></li><li><p>When forming provisions, the required estimate of existing obligations arising from past events (see <a href=\"#n4293758\" title=\"Provisions\">section 7.5.16</a>). </p></li></ul><p>The estimates and assumptions are based on management's best knowledge of current facts, actions and events. The actual outcomes may ultimately differ from the results reported earlier on the basis of estimates and assumptions. A detailed explanation of the estimates and assumptions are given in the relevant notes to the consolidated financial statements. </p><p>a.s.r. takes into account in the expense assumptions the estimated synergy effects from the Aegon NL business combination for the part that can be assessed within the budget period. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8405": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295072\"><span class=\"title-text\">B. Fair value of assets and liabilities </span></h1><p>The fair value is the price that a.s.r. would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants on the transaction date or reporting date in the principal market for the asset or liability, or in the most advantageous market for the asset or liability and assuming the highest and best use for non-financial assets. </p><p>Where possible, a.s.r. determines the fair value of assets and liabilities on the basis of quoted prices in an active market. In the absence of an active market for a financial instrument, the fair value is determined using valuation techniques. Although valuation techniques are based on observable market data where possible, results are affected by the assumptions used, such as discount rates and estimates of future cash flows. In the unlikely event that the fair value of a financial instrument cannot be measured, it is carried at cost. </p><div class=\"header header-2\">Fair value hierarchy </div><p>The following three hierarchical levels are used to determine the fair value of financial instruments and non-financial instruments when accounting for assets and liabilities at fair value and disclosing the comparative fair value of assets and liabilities: </p><div class=\"header header-3\">Level 1. Fair value based on quoted prices in an active market </div><p>Level 1 includes assets and liabilities whose value is determined by quoted (unadjusted) prices in the primary active market for identical assets or liabilities. </p><p>A financial instrument is quoted in an active market if: </p><ul><li><p>Quoted prices are readily and regularly available (from an exchange, dealer, broker, sector organisation, third-party pricing service, or a regulatory body); and </p></li><li><p>These prices represent actual and regularly occurring transactions on an at arm's length basis. </p></li></ul><p>Financial instruments in this category primarily consist of bonds and equities listed in active markets. Cash and cash equivalents (excluding money market instruments), reverse repurchase agreements and cash collateral received are also included as level 1. </p><div class=\"header header-3\">Level 2. Fair value based on observable market data </div><p>Determining fair value on the basis of Level 2 involves the use of valuation techniques that use inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is derived from prices of identical or similar assets and liabilities). These observable inputs are obtained from a broker or third-party pricing service and include: </p><ul><li><p>Quoted prices in active markets for similar (not identical) assets or liabilities; </p></li><li><p>Quoted prices for identical or similar assets or liabilities in inactive markets; </p></li><li><p>Input variables other than quoted prices observable for the asset or liability. These include interest rates and yield curves observable at commonly quoted intervals, volatility, loss ratio, credit risks and default percentages. </p></li></ul><p>This category primarily includes: </p><ol class=\"style-upper-roman\"><li><p>Financial instruments: unlisted fixed-interest preference shares and interest rate contracts; </p></li><li><p>Financial instruments: loans (excluding mortgage loans and reverse repurchase agreements); </p></li><li><p>Other financial assets and liabilities.<sup class=\"footnote cShowTooltip\" title=\"Not measured at fair value on the balance sheet and for which the fair value is disclosed.\">1 </sup></p></li></ol><div class=\"header header-3\">I. Financial instruments: unlisted fixed-interest preference shares and interest rate contracts </div><p>This category includes unlisted fixed-interest preference shares and interest rate contracts. The valuation techniques for financial instruments use present value calculations and in the case of derivatives, include forward pricing and swap models. The observable market data contains yield curves based on company ratings and characteristics of the unlisted fixed-interest preference shares. </p><div class=\"header header-3\">II. Financial instruments: Loans (excluding mortgage loans and reverse repurchase agreements) </div><p>The fair value of the loans is based on the discounted cash flow method. It is obtained by calculating the present value based on expected future cash flows and assuming an interest rate curve used in the market that includes an additional spread based on the risk profile of the counterparty. </p><div class=\"header header-3\">III. Other financial assets and liabilities </div><p>For other financial assets and liabilities where the fair value is disclosed these fair values are based on observable market inputs, primarily being the price paid to acquire the asset or received to assume the liability on initial recognition, assuming that the transactions have taken place on an at arm's length basis. Valuation techniques using present value calculations are applied using current interest rates where the payment terms are longer than one year. </p><div class=\"header header-3\">Level 3. Fair value not based on observable market data </div><p>The fair value of the level 3 assets and liabilities are determined in whole or in part using a valuation technique based on assumptions that are not supported by prices from observable current market transactions in the same instrument and for which any significant inputs are not based on available observable market data. The financial assets and liabilities in this category are assessed individually. </p><p>Valuation techniques are used to the extent that observable inputs are not available. The basic principle of fair value measurement is still to determine a fair, at arm's length price. Unobservable inputs therefore reflect management's own assumptions about the assumptions that market participants would use in pricing the asset or liability (including assumptions about risk). These inputs are generally based on the available observable data (adjusted for factors that contribute towards the value of the asset) and own source information. </p><p>This category primarily includes: </p><ol class=\"style-upper-roman\"><li><p>Financial instruments: private equity investments (or private equity partners) and equity funds third parties directly investing in real estate; </p></li><li><p>Financial instruments: mortgage loans and mortgage equity funds; </p></li><li><p>Investment property, real estate equity funds associates, rural property contracts, buildings for own use and plant (e.g. wind farms); </p></li><li><p>Financial instruments: asset-backed securities. </p></li></ol><div class=\"header header-3\">I. Financial instruments: private equity investments and real estate equity funds third parties </div><p>The main non-observable market input for private equity investments and equity funds third parties directly investing in real estate is the net asset value of the investment as published by the private equity company (or partner) and real estate equity funds respectively. </p><div class=\"header header-3\">II. Financial instruments: mortgage loans and mortgage equity funds </div><p>The fair value of the mortgage loan portfolio is based on the discounted cash flow method. It is obtained by calculating the present value based on expected future cash flows and assuming an interest rate curve used in the market that includes an additional spread based on the risk profile of the counterparty. </p><p>The valuation method used to determine the fair value of the mortgage loan portfolio derives the spread from consumer rates, adapted for a delayed response to interest rate movements, and includes assumptions for originating cost and risks. The method of determining the fair value of the mortgage equity funds is similar to that of mortgage loans. </p><div class=\"header header-3\">III. Investment property, real estate equity funds associates, rural property contracts, buildings for own use and plant </div><p>The following categories of investment properties, buildings for own use and plant are recognised and methods of calculating fair value are distinguished: </p><ul><li><p>Residential \u2013 based on reference transaction and discounted cash flow method; </p></li><li><p>Retail \u2013 based on reference transaction and income capitalisation method; </p></li><li><p>Rural \u2013 based on reference transaction and discounted cash flow method; </p></li><li><p>Offices \u2013 based on reference transaction and discounted cash flow method (including buildings for own use); </p></li><li><p>Other investment property \u2013 based on reference transaction and discounted cash flow method; </p></li><li><p>Property under development \u2013 based on both discounted cash flow and income capitalisation method; </p></li><li><p>Plant - based on reference transaction and discounted cash flow method. </p></li></ul><p>The following valuation methods are available for the calculation of fair value by the external professional appraisers for investment property, including real estate equity funds associates, rural property contracts, buildings for own use and plant: </p><div class=\"header header-4\">Reference transactions </div><p>Independent professional appraisers use transactions in comparable properties and plant as a reference for determining the fair value of the property and plant. The reference transactions of comparable objects are generally based on observable data consisting of the land register \u2018<i>Kadaster</i>\u2019 and the rural land price monitor as published by the Dutch government \u2018<i>grondprijsmonitor</i>\u2019 in an active property market and in some instances accompanied by own use information. </p><p>The external professional appraisers valuate the property or plant using the reference transaction in combination with the following valuation methods to ensure the appropriate valuation of the property: </p><ul><li><p>Discounted cash flow method; </p></li><li><p>Income capitalisation method (property only). </p></li></ul><div class=\"header header-4\">Discounted cash flow method </div><p>Under the discounted cash flow method, fair value is estimated using assumptions regarding the benefits and liabilities of ownership over the asset's life including an exit or terminal value. This method involves the projection of a series of cash flows on the investment property or plant dependent on the duration of the lease contracts. </p><p>A market-derived discount rate is applied to these projected cash flow series in order to establish the present value of the cash flows associated with the asset. The exit yield is normally determined separately, and differs from the discount rate. </p><p>The duration of the cash flows and the specific timing of inflows and outflows are determined by events such as rent reviews, lease renewal and related re-letting, redevelopment, or refurbishment. The appropriate duration is typically driven by market behaviour, which depends on the class of investment property. Periodic cash flow is typically estimated as gross rental income less vacancy (apart from the rural category), non-recoverable expenses, collection losses, lease incentives, maintenance costs, agent and commission costs and other operating and management expenses. The series of periodic net operating income, along with an estimate of the terminal value anticipated at the end of the projection period, is then discounted. </p><p>For the categories residential, offices and other in applying the discounted cash flow method, the significant inputs are the discount rate and market rental value. These inputs are verified with the following market observable data (that are adjusted to reflect the state and condition, location, development potential etc. of the specific property): </p><ul><li><p>Market rent per square meter for renewals and their respective re-letting rates; </p></li><li><p>Reviewed rent per square meter; </p></li><li><p>Investment transactions of comparable objects; </p></li><li><p>10 Year Dutch Government Bond Yield (%) as published by the DNB. </p></li></ul><p>When applying the discounted cash flow method for rural valuations, the significant inputs are the discount rate and market lease values. These inputs are verified with the following market observable data (that are adjusted to reflect the state and condition, location, development potential etc. of the specific property): </p><ul><li><p>Market value per acre per region in accordance with the \u2018rural land price monitor\u2019; </p></li><li><p>10 Year Dutch Government Bond Yield (%) as published by the DNB. </p></li></ul><div class=\"header header-4\">Income capitalisation method </div><p>Under the income capitalisation method, a property's fair value is estimated based on the normalised net operating income generated by the property, which is divided by the capitalisation rate (the investor's rate of return). The difference between gross and net rental income includes the same expense categories as those for the discounted cash flow method with the exception that certain expenses are not measured over time, but included on the basis of a time weighted average, such as the average lease-up costs. Under the income capitalisation method, rents above or below the market rent are capitalised separately. </p><p>The significant inputs for retail valuations are the reversionary yield and the market or reviewed rental value. These inputs are generally verified with the following observable data (that are adjusted to reflect the state and condition, location, development potential etc. of the specific property): </p><ul><li><p>Market rent per square meter for renewals; </p></li><li><p>Reviewed rent per square meter (based on the rent reviews performed in accordance with Section 303, Book 7 of the Dutch Civil Code). </p></li></ul><p>The fair value of investment properties and buildings for own use, are appraised annually. Valuations are conducted by independent professional appraisers who hold recognised and relevant professional qualifications and have recent experience in the location and category of the property being valued. Market value property valuations were prepared in accordance with the Royal Institution of Chartered Surveyors (RICS) Valuation Standards, 7th Edition (the \u2018Red Book\u2019). a.s.r. provides adequate information to the professional appraisers, in order to conduct a comprehensive valuation. The professional appraisers are changed or rotated at least once every three years. </p><div class=\"header header-3\">IV. Financial instruments: asset-backed securities </div><p>The fair value of the asset-backed securities is based on quotes published by an independent data vendor. </p><div class=\"header header-2\">Transfers between levels </div><p>The hierarchical level per individual instrument, or group of instruments, is reassessed at every reporting period. If the instrument, or group of instruments, no longer complies with the criteria of the level in question, it is transferred to the hierarchical level that does meet the criteria. A transfer can for instance be when the market becomes less liquid or when quoted market prices for the instrument are no longer available. </p><ol class=\"footnotes\"><li>Not measured at fair value on the balance sheet and for which the fair value is disclosed. </li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8406": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295072\"><span class=\"title-text\">B. Fair value of assets and liabilities </span></h1><p>The fair value is the price that a.s.r. would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants on the transaction date or reporting date in the principal market for the asset or liability, or in the most advantageous market for the asset or liability and assuming the highest and best use for non-financial assets. </p><p>Where possible, a.s.r. determines the fair value of assets and liabilities on the basis of quoted prices in an active market. In the absence of an active market for a financial instrument, the fair value is determined using valuation techniques. Although valuation techniques are based on observable market data where possible, results are affected by the assumptions used, such as discount rates and estimates of future cash flows. In the unlikely event that the fair value of a financial instrument cannot be measured, it is carried at cost. </p><div class=\"header header-2\">Fair value hierarchy </div><p>The following three hierarchical levels are used to determine the fair value of financial instruments and non-financial instruments when accounting for assets and liabilities at fair value and disclosing the comparative fair value of assets and liabilities: </p><div class=\"header header-3\">Level 1. Fair value based on quoted prices in an active market </div><p>Level 1 includes assets and liabilities whose value is determined by quoted (unadjusted) prices in the primary active market for identical assets or liabilities. </p><p>A financial instrument is quoted in an active market if: </p><ul><li><p>Quoted prices are readily and regularly available (from an exchange, dealer, broker, sector organisation, third-party pricing service, or a regulatory body); and </p></li><li><p>These prices represent actual and regularly occurring transactions on an at arm's length basis. </p></li></ul><p>Financial instruments in this category primarily consist of bonds and equities listed in active markets. Cash and cash equivalents (excluding money market instruments), reverse repurchase agreements and cash collateral received are also included as level 1. </p><div class=\"header header-3\">Level 2. Fair value based on observable market data </div><p>Determining fair value on the basis of Level 2 involves the use of valuation techniques that use inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is derived from prices of identical or similar assets and liabilities). These observable inputs are obtained from a broker or third-party pricing service and include: </p><ul><li><p>Quoted prices in active markets for similar (not identical) assets or liabilities; </p></li><li><p>Quoted prices for identical or similar assets or liabilities in inactive markets; </p></li><li><p>Input variables other than quoted prices observable for the asset or liability. These include interest rates and yield curves observable at commonly quoted intervals, volatility, loss ratio, credit risks and default percentages. </p></li></ul><p>This category primarily includes: </p><ol class=\"style-upper-roman\"><li><p>Financial instruments: unlisted fixed-interest preference shares and interest rate contracts; </p></li><li><p>Financial instruments: loans (excluding mortgage loans and reverse repurchase agreements); </p></li><li><p>Other financial assets and liabilities.<sup class=\"footnote cShowTooltip\" title=\"Not measured at fair value on the balance sheet and for which the fair value is disclosed.\">1 </sup></p></li></ol><div class=\"header header-3\">I. Financial instruments: unlisted fixed-interest preference shares and interest rate contracts </div><p>This category includes unlisted fixed-interest preference shares and interest rate contracts. The valuation techniques for financial instruments use present value calculations and in the case of derivatives, include forward pricing and swap models. The observable market data contains yield curves based on company ratings and characteristics of the unlisted fixed-interest preference shares. </p><div class=\"header header-3\">II. Financial instruments: Loans (excluding mortgage loans and reverse repurchase agreements) </div><p>The fair value of the loans is based on the discounted cash flow method. It is obtained by calculating the present value based on expected future cash flows and assuming an interest rate curve used in the market that includes an additional spread based on the risk profile of the counterparty. </p><div class=\"header header-3\">III. Other financial assets and liabilities </div><p>For other financial assets and liabilities where the fair value is disclosed these fair values are based on observable market inputs, primarily being the price paid to acquire the asset or received to assume the liability on initial recognition, assuming that the transactions have taken place on an at arm's length basis. Valuation techniques using present value calculations are applied using current interest rates where the payment terms are longer than one year. </p><div class=\"header header-3\">Level 3. Fair value not based on observable market data </div><p>The fair value of the level 3 assets and liabilities are determined in whole or in part using a valuation technique based on assumptions that are not supported by prices from observable current market transactions in the same instrument and for which any significant inputs are not based on available observable market data. The financial assets and liabilities in this category are assessed individually. </p><p>Valuation techniques are used to the extent that observable inputs are not available. The basic principle of fair value measurement is still to determine a fair, at arm's length price. Unobservable inputs therefore reflect management's own assumptions about the assumptions that market participants would use in pricing the asset or liability (including assumptions about risk). These inputs are generally based on the available observable data (adjusted for factors that contribute towards the value of the asset) and own source information. </p><p>This category primarily includes: </p><ol class=\"style-upper-roman\"><li><p>Financial instruments: private equity investments (or private equity partners) and equity funds third parties directly investing in real estate; </p></li><li><p>Financial instruments: mortgage loans and mortgage equity funds; </p></li><li><p>Investment property, real estate equity funds associates, rural property contracts, buildings for own use and plant (e.g. wind farms); </p></li><li><p>Financial instruments: asset-backed securities. </p></li></ol><div class=\"header header-3\">I. Financial instruments: private equity investments and real estate equity funds third parties </div><p>The main non-observable market input for private equity investments and equity funds third parties directly investing in real estate is the net asset value of the investment as published by the private equity company (or partner) and real estate equity funds respectively. </p><div class=\"header header-3\">II. Financial instruments: mortgage loans and mortgage equity funds </div><p>The fair value of the mortgage loan portfolio is based on the discounted cash flow method. It is obtained by calculating the present value based on expected future cash flows and assuming an interest rate curve used in the market that includes an additional spread based on the risk profile of the counterparty. </p><p>The valuation method used to determine the fair value of the mortgage loan portfolio derives the spread from consumer rates, adapted for a delayed response to interest rate movements, and includes assumptions for originating cost and risks. The method of determining the fair value of the mortgage equity funds is similar to that of mortgage loans. </p><div class=\"header header-3\">III. Investment property, real estate equity funds associates, rural property contracts, buildings for own use and plant </div><p>The following categories of investment properties, buildings for own use and plant are recognised and methods of calculating fair value are distinguished: </p><ul><li><p>Residential \u2013 based on reference transaction and discounted cash flow method; </p></li><li><p>Retail \u2013 based on reference transaction and income capitalisation method; </p></li><li><p>Rural \u2013 based on reference transaction and discounted cash flow method; </p></li><li><p>Offices \u2013 based on reference transaction and discounted cash flow method (including buildings for own use); </p></li><li><p>Other investment property \u2013 based on reference transaction and discounted cash flow method; </p></li><li><p>Property under development \u2013 based on both discounted cash flow and income capitalisation method; </p></li><li><p>Plant - based on reference transaction and discounted cash flow method. </p></li></ul><p>The following valuation methods are available for the calculation of fair value by the external professional appraisers for investment property, including real estate equity funds associates, rural property contracts, buildings for own use and plant: </p><div class=\"header header-4\">Reference transactions </div><p>Independent professional appraisers use transactions in comparable properties and plant as a reference for determining the fair value of the property and plant. The reference transactions of comparable objects are generally based on observable data consisting of the land register \u2018<i>Kadaster</i>\u2019 and the rural land price monitor as published by the Dutch government \u2018<i>grondprijsmonitor</i>\u2019 in an active property market and in some instances accompanied by own use information. </p><p>The external professional appraisers valuate the property or plant using the reference transaction in combination with the following valuation methods to ensure the appropriate valuation of the property: </p><ul><li><p>Discounted cash flow method; </p></li><li><p>Income capitalisation method (property only). </p></li></ul><div class=\"header header-4\">Discounted cash flow method </div><p>Under the discounted cash flow method, fair value is estimated using assumptions regarding the benefits and liabilities of ownership over the asset's life including an exit or terminal value. This method involves the projection of a series of cash flows on the investment property or plant dependent on the duration of the lease contracts. </p><p>A market-derived discount rate is applied to these projected cash flow series in order to establish the present value of the cash flows associated with the asset. The exit yield is normally determined separately, and differs from the discount rate. </p><p>The duration of the cash flows and the specific timing of inflows and outflows are determined by events such as rent reviews, lease renewal and related re-letting, redevelopment, or refurbishment. The appropriate duration is typically driven by market behaviour, which depends on the class of investment property. Periodic cash flow is typically estimated as gross rental income less vacancy (apart from the rural category), non-recoverable expenses, collection losses, lease incentives, maintenance costs, agent and commission costs and other operating and management expenses. The series of periodic net operating income, along with an estimate of the terminal value anticipated at the end of the projection period, is then discounted. </p><p>For the categories residential, offices and other in applying the discounted cash flow method, the significant inputs are the discount rate and market rental value. These inputs are verified with the following market observable data (that are adjusted to reflect the state and condition, location, development potential etc. of the specific property): </p><ul><li><p>Market rent per square meter for renewals and their respective re-letting rates; </p></li><li><p>Reviewed rent per square meter; </p></li><li><p>Investment transactions of comparable objects; </p></li><li><p>10 Year Dutch Government Bond Yield (%) as published by the DNB. </p></li></ul><p>When applying the discounted cash flow method for rural valuations, the significant inputs are the discount rate and market lease values. These inputs are verified with the following market observable data (that are adjusted to reflect the state and condition, location, development potential etc. of the specific property): </p><ul><li><p>Market value per acre per region in accordance with the \u2018rural land price monitor\u2019; </p></li><li><p>10 Year Dutch Government Bond Yield (%) as published by the DNB. </p></li></ul><div class=\"header header-4\">Income capitalisation method </div><p>Under the income capitalisation method, a property's fair value is estimated based on the normalised net operating income generated by the property, which is divided by the capitalisation rate (the investor's rate of return). The difference between gross and net rental income includes the same expense categories as those for the discounted cash flow method with the exception that certain expenses are not measured over time, but included on the basis of a time weighted average, such as the average lease-up costs. Under the income capitalisation method, rents above or below the market rent are capitalised separately. </p><p>The significant inputs for retail valuations are the reversionary yield and the market or reviewed rental value. These inputs are generally verified with the following observable data (that are adjusted to reflect the state and condition, location, development potential etc. of the specific property): </p><ul><li><p>Market rent per square meter for renewals; </p></li><li><p>Reviewed rent per square meter (based on the rent reviews performed in accordance with Section 303, Book 7 of the Dutch Civil Code). </p></li></ul><p>The fair value of investment properties and buildings for own use, are appraised annually. Valuations are conducted by independent professional appraisers who hold recognised and relevant professional qualifications and have recent experience in the location and category of the property being valued. Market value property valuations were prepared in accordance with the Royal Institution of Chartered Surveyors (RICS) Valuation Standards, 7th Edition (the \u2018Red Book\u2019). a.s.r. provides adequate information to the professional appraisers, in order to conduct a comprehensive valuation. The professional appraisers are changed or rotated at least once every three years. </p><div class=\"header header-3\">IV. Financial instruments: asset-backed securities </div><p>The fair value of the asset-backed securities is based on quotes published by an independent data vendor. </p><div class=\"header header-2\">Transfers between levels </div><p>The hierarchical level per individual instrument, or group of instruments, is reassessed at every reporting period. If the instrument, or group of instruments, no longer complies with the criteria of the level in question, it is transferred to the hierarchical level that does meet the criteria. A transfer can for instance be when the market becomes less liquid or when quoted market prices for the instrument are no longer available. </p><ol class=\"footnotes\"><li>Not measured at fair value on the balance sheet and for which the fair value is disclosed. </li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8407": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295091\"><span class=\"title-text\">C. Intangible assets </span></h1><p>Intangible assets are carried at cost, less any accumulated amortisation and impairment losses. The residual value and the estimated useful life of intangible assets are assessed on each balance sheet date and adjusted where applicable. </p><div class=\"header header-2\">Goodwill </div><p>Acquisitions by a.s.r. are accounted for using the acquisition method. Goodwill represents the excess of the cost of an acquisition over the fair value of a.s.r.\u2019s share of the net identifiable assets and liabilities and contingent liabilities of the acquired company at acquisition date. If there is no excess (purchase gain), the carrying amount is directly recognised through the income statement. At the acquisition date, goodwill is allocated to the cash-generating units (CGUs) that are expected to benefit from the business combination. </p><p>Goodwill has an indefinite useful life and is not amortised. a.s.r. performs an impairment test annually, or more frequently if events or circumstances warrant so, to ascertain whether goodwill has been subject to impairment. As part of this, the carrying amount of the cash-generating unit to which the goodwill has been allocated is compared with its recoverable amount. The recoverable amount is the higher of a CGU\u2019s fair value less costs to sell and value in use. The carrying value is determined as the net asset value including goodwill. The methodologies applied to arrive at the best estimate of the recoverable amount involves two steps. </p><p>In the first step of the impairment test, the best estimate of the recoverable amount of the CGU to which goodwill is allocated is determined separately based on Price to Earnings or Price to Book ratios (fair value less cost to sell model). The ratio(s) used per CGU depends on the characteristics of the entity in question. The main assumptions in this valuation are the multiples for the aforementioned ratios. These are developed internally but are either derived from or corroborated against market information that is related to observable transactions in the market for comparable businesses. </p><p>If the outcome of the first step indicates that the difference between the recoverable amount and the carrying value may not be sufficient to support the amount of goodwill allocated to the CGU, step two is performed. In step two an additional analysis is performed in order to determine a recoverable amount in a manner that better addresses the specific characteristics of the relevant CGU. </p><p>The additional analysis is based on internal value-in-use models, wherein managements assumptions in relation to cash flow projections for budget periods up to and including five years are used and, if deemed justified, expanded to a longer period given the nature of the insurance activities. Other assumptions, such as the (pre-tax) discount rate and the steady state growth rate, are determined on the advice of an independent external party and are based on a Capital Asset Pricing Model (CAPM). This methodology is based on a risk-free rate plus a risk premium. Operating assumptions are best estimate assumptions and based on historical data where available. Economic assumptions are based on observable market data and projections of future trends. </p><p>If the recoverable amount is lower than its carrying amount, the difference is directly charged to the income statement as an impairment loss. </p><p>In the event of impairment, a.s.r. first reduces the carrying amount of the goodwill allocated to the CGU. After that, the carrying amount of the other assets included in the unit is reduced pro rata to the carrying amount of all the assets in the unit. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295016\"><span class=\"title-text\">H. Acquisitions (Business combinations) </span></h1><p>Business acquisitions are accounted for according to the acquisition method, with the cost of the acquisitions being allocated to the fair value of the acquired identifiable assets, liabilities and contingent liabilities. </p><p>The goodwill is determined as the difference between the cost of the acquisition and a.s.r.\u2019s interest in the fair value of the acquired identifiable assets, liabilities and contingent liabilities at the acquisition date. Additionally for insurance contracts acquired that are onerous at the transaction date, the difference between the fair value and the fulfilment cash flows is also part of the goodwill. </p><p>Any change, in the fair value of acquired assets and liabilities at the acquisition date, determined within one year after acquisition, is recognised as an adjustment charged to goodwill in case of a preliminary valuation. Adjustments that occur after a period of one year are recognised in the income statement. Adjustments to the purchase price that are contingent on future events, and to the extent that these are not already included in the purchase price, are included in the purchase price of the acquisition at the time the adjustment is likely and can be measured reliably. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8408": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295091\"><span class=\"title-text\">C. Intangible assets </span></h1><p>Intangible assets are carried at cost, less any accumulated amortisation and impairment losses. The residual value and the estimated useful life of intangible assets are assessed on each balance sheet date and adjusted where applicable. </p><div class=\"header header-2\">Goodwill </div><p>Acquisitions by a.s.r. are accounted for using the acquisition method. Goodwill represents the excess of the cost of an acquisition over the fair value of a.s.r.\u2019s share of the net identifiable assets and liabilities and contingent liabilities of the acquired company at acquisition date. If there is no excess (purchase gain), the carrying amount is directly recognised through the income statement. At the acquisition date, goodwill is allocated to the cash-generating units (CGUs) that are expected to benefit from the business combination. </p><p>Goodwill has an indefinite useful life and is not amortised. a.s.r. performs an impairment test annually, or more frequently if events or circumstances warrant so, to ascertain whether goodwill has been subject to impairment. As part of this, the carrying amount of the cash-generating unit to which the goodwill has been allocated is compared with its recoverable amount. The recoverable amount is the higher of a CGU\u2019s fair value less costs to sell and value in use. The carrying value is determined as the net asset value including goodwill. The methodologies applied to arrive at the best estimate of the recoverable amount involves two steps. </p><p>In the first step of the impairment test, the best estimate of the recoverable amount of the CGU to which goodwill is allocated is determined separately based on Price to Earnings or Price to Book ratios (fair value less cost to sell model). The ratio(s) used per CGU depends on the characteristics of the entity in question. The main assumptions in this valuation are the multiples for the aforementioned ratios. These are developed internally but are either derived from or corroborated against market information that is related to observable transactions in the market for comparable businesses. </p><p>If the outcome of the first step indicates that the difference between the recoverable amount and the carrying value may not be sufficient to support the amount of goodwill allocated to the CGU, step two is performed. In step two an additional analysis is performed in order to determine a recoverable amount in a manner that better addresses the specific characteristics of the relevant CGU. </p><p>The additional analysis is based on internal value-in-use models, wherein managements assumptions in relation to cash flow projections for budget periods up to and including five years are used and, if deemed justified, expanded to a longer period given the nature of the insurance activities. Other assumptions, such as the (pre-tax) discount rate and the steady state growth rate, are determined on the advice of an independent external party and are based on a Capital Asset Pricing Model (CAPM). This methodology is based on a risk-free rate plus a risk premium. Operating assumptions are best estimate assumptions and based on historical data where available. Economic assumptions are based on observable market data and projections of future trends. </p><p>If the recoverable amount is lower than its carrying amount, the difference is directly charged to the income statement as an impairment loss. </p><p>In the event of impairment, a.s.r. first reduces the carrying amount of the goodwill allocated to the CGU. After that, the carrying amount of the other assets included in the unit is reduced pro rata to the carrying amount of all the assets in the unit. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294713\"><span class=\"title-text\">P. Property, plant and equipment </span></h1><div class=\"header header-2\">Property held for own use and plant </div><p>Property held for own use and plants comprise of land and office buildings and plants like wind farms and are measured at fair value (revaluation model) based on annual valuations, conducted by external, independent valuators with adequate professional expertise and experience in the specific location and categories of properties or plant. </p><p>They are subsequently measured at fair value, including any unrealised fair value changes in equity, taking into account any deferred tax liabilities. For the method of determining the fair value reference is made to accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a> for investment property and plant. </p><p>Increase in the fair value exceeding the cost price is added to the revaluation reserve in shareholders\u2019 equity, less deferred taxes. Decreases in the fair value that offset previous increases of the same asset, are charged against the revaluation reserve. The revaluation reserve cannot be negative. All other decreases in fair value are accounted for in the income statement. Increases that reverse a revaluation decrease on the same asset previously recognised in net result are recognised in the income statement. </p><p>Buildings and wind farms are depreciated using the straight-line method based on expected useful life, taking into account their fair value amount, the residual value from the time when it is in the location and condition necessary for it to be capable of operating in the manner intended by management. The useful life of buildings is assessed annually for every individual component (component approach). </p><h3 class=\"table-title\">Property and plant classified into components and their maximum life </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Components </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Useful life (expressed in years) </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">n.a. </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Shell </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Outer layer </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Wind turbines </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Solar panels </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Systems </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fittings and fixtures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td></tr></tbody></table><br/><p>Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Upon the sale of a property or plant, the part of the revaluation reserve related to the sold property or plant, within equity, is transferred to \u2018other reserves\u2019 and is not reclassified to the income statement. Therefore annually a transfer is also made from the revaluation reserve related to \u2018other reserves\u2019 in line with the depreciation recognised in the income statement for the revalued portion. </p><div class=\"header header-2\">Equipment </div><p>Equipment is recognised at cost, less accumulated depreciation and / or any accumulated impairment losses. Cost corresponds with the cash paid or the fair value of the consideration given to acquire the asset. </p><p>Equipment is depreciated over its useful life, which is determined individually (usually between three and five years). Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Accounting for borrowing costs attributable to the construction of property, plant and equipment is the same as accounting for borrowing costs attributable to investment property. For details, see accounting policy <a href=\"#n4295110\" title=\"D. Investment property\">D</a>. </p><div class=\"header header-2\">Right-of-use assets </div><p>Right-of-use assets are recognised for lease contracts for which a.s.r. is the lessee. For more information reference is made to accounting policy <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294820\"><span class=\"title-text\">V. Leasing </span></h1><p>A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for a consideration. For contracts that contain a lease component and one or more additional lease or non-lease components a.s.r. applies the practical expedient not to separate non-lease components from lease components. </p><p>At the commencement date of the lease, a.s.r. recognises a right-of-use asset and a lease liability. The right-of-use asset comprises the amount of the lease liability at initial measurement. The lease liability is measured at the present value of the lease payments that are not paid at the commencement date. For vehicles, the lease payments are discounted using the interest rate implicit in the lease. For other leases a.s.r.\u2019s incremental borrowing rate is used. </p><p>Subsequently, the right-of-use asset is valued at cost less any cumulated depreciation and any accumulated impairment losses and adjusted for any remeasurement of the lease liability. The lease liability is increased with interest accrued and reduced for lease payments made. When applicable the lease liability is remeasured for changes in future payments resulting from a change in index or lease term. </p><p>The right-of-use assets are presented under property, plant and equipment. The lease liabilities are presented under borrowings. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  },
  "section-blocktag-i8409": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295091\"><span class=\"title-text\">C. Intangible assets </span></h1><p>Intangible assets are carried at cost, less any accumulated amortisation and impairment losses. The residual value and the estimated useful life of intangible assets are assessed on each balance sheet date and adjusted where applicable. </p><div class=\"header header-2\">Goodwill </div><p>Acquisitions by a.s.r. are accounted for using the acquisition method. Goodwill represents the excess of the cost of an acquisition over the fair value of a.s.r.\u2019s share of the net identifiable assets and liabilities and contingent liabilities of the acquired company at acquisition date. If there is no excess (purchase gain), the carrying amount is directly recognised through the income statement. At the acquisition date, goodwill is allocated to the cash-generating units (CGUs) that are expected to benefit from the business combination. </p><p>Goodwill has an indefinite useful life and is not amortised. a.s.r. performs an impairment test annually, or more frequently if events or circumstances warrant so, to ascertain whether goodwill has been subject to impairment. As part of this, the carrying amount of the cash-generating unit to which the goodwill has been allocated is compared with its recoverable amount. The recoverable amount is the higher of a CGU\u2019s fair value less costs to sell and value in use. The carrying value is determined as the net asset value including goodwill. The methodologies applied to arrive at the best estimate of the recoverable amount involves two steps. </p><p>In the first step of the impairment test, the best estimate of the recoverable amount of the CGU to which goodwill is allocated is determined separately based on Price to Earnings or Price to Book ratios (fair value less cost to sell model). The ratio(s) used per CGU depends on the characteristics of the entity in question. The main assumptions in this valuation are the multiples for the aforementioned ratios. These are developed internally but are either derived from or corroborated against market information that is related to observable transactions in the market for comparable businesses. </p><p>If the outcome of the first step indicates that the difference between the recoverable amount and the carrying value may not be sufficient to support the amount of goodwill allocated to the CGU, step two is performed. In step two an additional analysis is performed in order to determine a recoverable amount in a manner that better addresses the specific characteristics of the relevant CGU. </p><p>The additional analysis is based on internal value-in-use models, wherein managements assumptions in relation to cash flow projections for budget periods up to and including five years are used and, if deemed justified, expanded to a longer period given the nature of the insurance activities. Other assumptions, such as the (pre-tax) discount rate and the steady state growth rate, are determined on the advice of an independent external party and are based on a Capital Asset Pricing Model (CAPM). This methodology is based on a risk-free rate plus a risk premium. Operating assumptions are best estimate assumptions and based on historical data where available. Economic assumptions are based on observable market data and projections of future trends. </p><p>If the recoverable amount is lower than its carrying amount, the difference is directly charged to the income statement as an impairment loss. </p><p>In the event of impairment, a.s.r. first reduces the carrying amount of the goodwill allocated to the CGU. After that, the carrying amount of the other assets included in the unit is reduced pro rata to the carrying amount of all the assets in the unit. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8410": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295091\"><span class=\"title-text\">C. Intangible assets </span></h1><p>Intangible assets are carried at cost, less any accumulated amortisation and impairment losses. The residual value and the estimated useful life of intangible assets are assessed on each balance sheet date and adjusted where applicable. </p><div class=\"header header-2\">Goodwill </div><p>Acquisitions by a.s.r. are accounted for using the acquisition method. Goodwill represents the excess of the cost of an acquisition over the fair value of a.s.r.\u2019s share of the net identifiable assets and liabilities and contingent liabilities of the acquired company at acquisition date. If there is no excess (purchase gain), the carrying amount is directly recognised through the income statement. At the acquisition date, goodwill is allocated to the cash-generating units (CGUs) that are expected to benefit from the business combination. </p><p>Goodwill has an indefinite useful life and is not amortised. a.s.r. performs an impairment test annually, or more frequently if events or circumstances warrant so, to ascertain whether goodwill has been subject to impairment. As part of this, the carrying amount of the cash-generating unit to which the goodwill has been allocated is compared with its recoverable amount. The recoverable amount is the higher of a CGU\u2019s fair value less costs to sell and value in use. The carrying value is determined as the net asset value including goodwill. The methodologies applied to arrive at the best estimate of the recoverable amount involves two steps. </p><p>In the first step of the impairment test, the best estimate of the recoverable amount of the CGU to which goodwill is allocated is determined separately based on Price to Earnings or Price to Book ratios (fair value less cost to sell model). The ratio(s) used per CGU depends on the characteristics of the entity in question. The main assumptions in this valuation are the multiples for the aforementioned ratios. These are developed internally but are either derived from or corroborated against market information that is related to observable transactions in the market for comparable businesses. </p><p>If the outcome of the first step indicates that the difference between the recoverable amount and the carrying value may not be sufficient to support the amount of goodwill allocated to the CGU, step two is performed. In step two an additional analysis is performed in order to determine a recoverable amount in a manner that better addresses the specific characteristics of the relevant CGU. </p><p>The additional analysis is based on internal value-in-use models, wherein managements assumptions in relation to cash flow projections for budget periods up to and including five years are used and, if deemed justified, expanded to a longer period given the nature of the insurance activities. Other assumptions, such as the (pre-tax) discount rate and the steady state growth rate, are determined on the advice of an independent external party and are based on a Capital Asset Pricing Model (CAPM). This methodology is based on a risk-free rate plus a risk premium. Operating assumptions are best estimate assumptions and based on historical data where available. Economic assumptions are based on observable market data and projections of future trends. </p><p>If the recoverable amount is lower than its carrying amount, the difference is directly charged to the income statement as an impairment loss. </p><p>In the event of impairment, a.s.r. first reduces the carrying amount of the goodwill allocated to the CGU. After that, the carrying amount of the other assets included in the unit is reduced pro rata to the carrying amount of all the assets in the unit. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295178\"><span class=\"title-text\">F2. Reinsurance contracts </span></h1><div class=\"header header-2\">Classification </div><p>Contracts held by a.s.r. under which it transfers significant insurance risk related to insurance contracts are classified as reinsurance contracts. a.s.r. does not issue reinsurance contracts. </p><div class=\"header header-2\">Separating components and Level of aggregation </div><p>The accounting principles for the separation of components do not differ from those for insurance contracts. For the determination of the level of aggregation for reinsurance contracts the accounting principles are the same with the exception that a reinsurance contract cannot be classified as onerous. </p><div class=\"header header-2\">Recognition </div><p>a.s.r. recognises a group of reinsurance contracts held that do not provide proportionate coverage at the earlier of (i) the beginning of the coverage period of the group of reinsurance contracts held; and (ii) the date a.s.r. recognises an onerous group of underlying contracts if a.s.r. entered into the related reinsurance contract held at or before that date. </p><div class=\"header header-2\">Contract boundaries </div><p>The measurement of a group of reinsurance contracts held includes all of the future cash flows within the boundary of each contract in the group. Cash flows are within the boundary of a contract if they arise from substantive rights and obligations that exist during the reporting period under which a.s.r. has a right to receive services from the reinsurer and is compelled to pay premiums. </p><div class=\"header header-2\">Measurement \u2013 contracts under the PAA </div><p>a.s.r. uses the PAA as the default measurement approach for reinsurance contracts with a coverage period of one year or less, but the business line has the option to choose the GMM. </p><p>To measure a group of reinsurance contracts a.s.r. applies the same accounting policies for the related insurance contracts, adapted where necessary to reflect the features of reinsurance contracts held that differ from those of the insurance contracts. </p><div class=\"header header-2\">Measurement \u2013 contracts under the GMM </div><p>a.s.r. applies the same accounting policies for insurance contracts to measure a group of reinsurance contracts, with the following modifications. </p><p>The carrying amount of a group of reinsurance contracts at each reporting date is the sum of the remaining coverage component and the incurred claims component. The remaining coverage component comprises: </p><ul><li><p>The fulfilment cash flows that relate to services that will be received under the contracts in future periods including the risk adjustment; and </p></li><li><p>Any remaining CSM at that date. </p></li></ul><p>a.s.r. measures the estimates of the present value of future cash flows using assumptions that are consistent with those used to measure the estimates of the present value of future cash flows for the underlying insurance contracts. </p><div class=\"header header-3\">Loss-recovery component </div><p>a.s.r. determines a loss-recovery component of the asset for remaining coverage of a group of reinsurance contracts held when a.s.r. recognises a recovery of a loss on initial recognition of an onerous group of underlying contracts as well as for subsequent measurement of the recovery of losses. This loss-recovery component is accounted for in a manner consistent with the loss component of the group of underlying insurance contracts issued. As such, as cedant, a.s.r. determines the resulting amount of the loss-recovery at initial recognition to be recognised in profit or loss by multiplying: </p><ul><li><p>The loss recognised on the group of underlying insurance contracts; and </p></li><li><p>The percentage of claims on underlying contracts a.s.r. expects to recover from the group of reinsurance contracts held. </p></li></ul><p>After a.s.r. has established a loss-recovery component, it shall adjust it to reflect changes in the loss component of the underlying contracts. Therefore, the balance of loss-recovery component needs to be tracked along the fulfilment of the reinsurance group and run off to zero at the end of the reinsurance coverage period or earlier when the loss component on the underlying group(s) has been fully reversed. The carrying amount of the loss recovery component shall not exceed the portion of the carrying amount of the loss component of the underlying insurance contracts that a.s.r. expects to recover from the group of reinsurance contracts held. </p><p>The risk adjustment for non-financial risk is the amount of the risk transferred by a.s.r. to the reinsurer. </p><p>On initial recognition, the CSM of a group of reinsurance contracts represents a net cost or net gain on purchasing reinsurance. It is measured as the equal and opposite amount of the total of the fulfilment cash flows, any derecognised assets for cash flows occurring before the recognition of the group and any cash flows arising at that date, and taking into account any recognised loss recovery component, if applicable. However, if any net cost on purchasing reinsurance coverage relates to insured events that occurred before the purchase of the group, then a.s.r. recognises the cost immediately in the income statement as an expense. </p><p>The carrying amount of the CSM at the end of each reporting period is the carrying amount at the start of the reporting period, adjusted for: </p><ul><li><p>The CSM of any new contracts that are added to the group in the period; </p></li><li><p>Interest accreted on the carrying amount of the CSM during the period, measured at the discount rates on nominal cash flows that do not vary based on the returns on any underlying items determined on initial recognition; </p></li><li><p>Changes in fulfilment cash flows that relate to future services, unless the change results from a change in fulfilment cash flows allocated to a group of onerous underlying insurance contracts, in which case the change is recognised in the income statement; </p></li><li><p>The amount recognised in the income statement because of the services received in the period. </p></li></ul><p>CSM is recognised in profit or loss following the services provided. </p><div class=\"header header-3\">Non-performance risk </div><p>Changes in the fulfilment cash flows related to the risk of non-performance do not adjust the CSM, therefore a.s.r. recognises them in profit or loss. This requires that the fulfilment cash flows must be adjusted to include the effect of any non-performance risk, or credit risk, by the reinsurer. </p><p>Reinsurance contracts cannot be onerous. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294713\"><span class=\"title-text\">P. Property, plant and equipment </span></h1><div class=\"header header-2\">Property held for own use and plant </div><p>Property held for own use and plants comprise of land and office buildings and plants like wind farms and are measured at fair value (revaluation model) based on annual valuations, conducted by external, independent valuators with adequate professional expertise and experience in the specific location and categories of properties or plant. </p><p>They are subsequently measured at fair value, including any unrealised fair value changes in equity, taking into account any deferred tax liabilities. For the method of determining the fair value reference is made to accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a> for investment property and plant. </p><p>Increase in the fair value exceeding the cost price is added to the revaluation reserve in shareholders\u2019 equity, less deferred taxes. Decreases in the fair value that offset previous increases of the same asset, are charged against the revaluation reserve. The revaluation reserve cannot be negative. All other decreases in fair value are accounted for in the income statement. Increases that reverse a revaluation decrease on the same asset previously recognised in net result are recognised in the income statement. </p><p>Buildings and wind farms are depreciated using the straight-line method based on expected useful life, taking into account their fair value amount, the residual value from the time when it is in the location and condition necessary for it to be capable of operating in the manner intended by management. The useful life of buildings is assessed annually for every individual component (component approach). </p><h3 class=\"table-title\">Property and plant classified into components and their maximum life </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Components </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Useful life (expressed in years) </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">n.a. </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Shell </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Outer layer </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Wind turbines </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Solar panels </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Systems </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fittings and fixtures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td></tr></tbody></table><br/><p>Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Upon the sale of a property or plant, the part of the revaluation reserve related to the sold property or plant, within equity, is transferred to \u2018other reserves\u2019 and is not reclassified to the income statement. Therefore annually a transfer is also made from the revaluation reserve related to \u2018other reserves\u2019 in line with the depreciation recognised in the income statement for the revalued portion. </p><div class=\"header header-2\">Equipment </div><p>Equipment is recognised at cost, less accumulated depreciation and / or any accumulated impairment losses. Cost corresponds with the cash paid or the fair value of the consideration given to acquire the asset. </p><p>Equipment is depreciated over its useful life, which is determined individually (usually between three and five years). Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Accounting for borrowing costs attributable to the construction of property, plant and equipment is the same as accounting for borrowing costs attributable to investment property. For details, see accounting policy <a href=\"#n4295110\" title=\"D. Investment property\">D</a>. </p><div class=\"header header-2\">Right-of-use assets </div><p>Right-of-use assets are recognised for lease contracts for which a.s.r. is the lessee. For more information reference is made to accounting policy <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294734\"><span class=\"title-text\">Q. Associates and joint ventures </span></h1><div class=\"header header-2\">Associates </div><p>Associates are entities over which a.s.r. has significant influence on operating and financial contracts, without having control. Generally, associates are accounted for using the equity method from the date at which a.s.r. acquires significant influence until the date at which such influence ceases. This means that associates are initially recognised at cost, including any goodwill paid. This value is subsequently adjusted to take account of a.s.r.\u2019s share of the associate\u2019s comprehensive income. Comprehensive income is adjusted in accordance with the accounting principles used by a.s.r. </p><p>Losses are accounted for until the carrying amount of the investment has reached zero. Further provisions are recognised only to the extent that a.s.r. has incurred legal or constructive obligations concerning these associates. </p><p>If objective evidence of impairment exists, associates are tested for impairment and, if necessary, written down. </p><p>When the application of the equity method produces information that is not relevant to the investors, a.s.r. may use the exemption of IAS 28 to measure the investments in those associates at fair value through profit or loss in accordance with IFRS 9. a.s.r. applies fair value measurement for investments in real estate equity funds and mortgage equity funds, over which a.s.r. has significant influence. </p><div class=\"header header-2\">Joint ventures </div><p>Joint ventures are contractual arrangements whereby a.s.r. and one or more parties undertake an economic activity that is subject to joint control. Joint control exists only when the strategic financial and operating decisions relating to the activity require the unanimous consent of the parties sharing control. </p><p>These interests are accounted for using the equity method as applied to associates. The interests are recognised in the financial statements from the date on which a.s.r. first obtains joint control until the date that this joint control ceases. </p><p>If objective evidence of impairment exists, joint ventures are tested for impairment and, if necessary an impairment is recognised in the income statement. </p><div class=\"header header-2\">Joint operations </div><p>a.s.r. has a limited number of non-material joint operations. These are recognised in relation to a.s.r.\u2019s interest in the joint operation's individual balance sheet and income statement items. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294909\"><span class=\"title-text\">W3. Investment income </span></h1><p>Investment income comprises the direct investment income such as interest income on financial assets, dividends received, rental income from investment property and other direct investment income. Fair value gains and losses includes the net gains on financial assets at FVTPL, net gains on derecognition of financial assets and liabilities at amortised cost and fair value gains on investment property. </p><div class=\"header header-2\">Interest income </div><p>Interest income for all interest-bearing instruments includes coupons earned on fixed income instruments and is recognised on an accrual basis. Transaction costs attributable to the acquisition of debt securities at fair value through profit or loss are immediately recognised in the income statement. </p><p>When unpaid interest has accrued before the acquisition of an interest-bearing investment, the subsequent receipt of interest is allocated between pre-acquisition and post-acquisition periods; only the post-acquisition portion is recognised as revenue. The pre-acquisition interest is part of the consideration paid. </p><div class=\"header header-3\">Interest rate swaps </div><p>When the two legs of an interest rate swap are settled gross, interest paid and interest received on these swap are not offset. Gross settlement means that both legs of the swap are settled separately: one party receives interest and the other party pays interest. The net amount depends on the market interest rate. Interest received is accounted for as direct investment income, interest paid is accounted for as other finance expense. </p><div class=\"header header-2\">Impairments </div><p>When a receivable is impaired, a lifetime expected credit loss (ECL) is recognised and interest income is calculated on the net carrying amount (that is the gross carrying amount less credit allowance). </p><div class=\"header header-2\">Dividends </div><p>Dividend income is recognised in the income statement when a right to receive payment is established. </p><div class=\"header header-2\">Rental income </div><p>Rental income from investment property is allocated to the period to which they relate. </p>",
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    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8411": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295091\"><span class=\"title-text\">C. Intangible assets </span></h1><p>Intangible assets are carried at cost, less any accumulated amortisation and impairment losses. The residual value and the estimated useful life of intangible assets are assessed on each balance sheet date and adjusted where applicable. </p><div class=\"header header-2\">Goodwill </div><p>Acquisitions by a.s.r. are accounted for using the acquisition method. Goodwill represents the excess of the cost of an acquisition over the fair value of a.s.r.\u2019s share of the net identifiable assets and liabilities and contingent liabilities of the acquired company at acquisition date. If there is no excess (purchase gain), the carrying amount is directly recognised through the income statement. At the acquisition date, goodwill is allocated to the cash-generating units (CGUs) that are expected to benefit from the business combination. </p><p>Goodwill has an indefinite useful life and is not amortised. a.s.r. performs an impairment test annually, or more frequently if events or circumstances warrant so, to ascertain whether goodwill has been subject to impairment. As part of this, the carrying amount of the cash-generating unit to which the goodwill has been allocated is compared with its recoverable amount. The recoverable amount is the higher of a CGU\u2019s fair value less costs to sell and value in use. The carrying value is determined as the net asset value including goodwill. The methodologies applied to arrive at the best estimate of the recoverable amount involves two steps. </p><p>In the first step of the impairment test, the best estimate of the recoverable amount of the CGU to which goodwill is allocated is determined separately based on Price to Earnings or Price to Book ratios (fair value less cost to sell model). The ratio(s) used per CGU depends on the characteristics of the entity in question. The main assumptions in this valuation are the multiples for the aforementioned ratios. These are developed internally but are either derived from or corroborated against market information that is related to observable transactions in the market for comparable businesses. </p><p>If the outcome of the first step indicates that the difference between the recoverable amount and the carrying value may not be sufficient to support the amount of goodwill allocated to the CGU, step two is performed. In step two an additional analysis is performed in order to determine a recoverable amount in a manner that better addresses the specific characteristics of the relevant CGU. </p><p>The additional analysis is based on internal value-in-use models, wherein managements assumptions in relation to cash flow projections for budget periods up to and including five years are used and, if deemed justified, expanded to a longer period given the nature of the insurance activities. Other assumptions, such as the (pre-tax) discount rate and the steady state growth rate, are determined on the advice of an independent external party and are based on a Capital Asset Pricing Model (CAPM). This methodology is based on a risk-free rate plus a risk premium. Operating assumptions are best estimate assumptions and based on historical data where available. Economic assumptions are based on observable market data and projections of future trends. </p><p>If the recoverable amount is lower than its carrying amount, the difference is directly charged to the income statement as an impairment loss. </p><p>In the event of impairment, a.s.r. first reduces the carrying amount of the goodwill allocated to the CGU. After that, the carrying amount of the other assets included in the unit is reduced pro rata to the carrying amount of all the assets in the unit. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295178\"><span class=\"title-text\">F2. Reinsurance contracts </span></h1><div class=\"header header-2\">Classification </div><p>Contracts held by a.s.r. under which it transfers significant insurance risk related to insurance contracts are classified as reinsurance contracts. a.s.r. does not issue reinsurance contracts. </p><div class=\"header header-2\">Separating components and Level of aggregation </div><p>The accounting principles for the separation of components do not differ from those for insurance contracts. For the determination of the level of aggregation for reinsurance contracts the accounting principles are the same with the exception that a reinsurance contract cannot be classified as onerous. </p><div class=\"header header-2\">Recognition </div><p>a.s.r. recognises a group of reinsurance contracts held that do not provide proportionate coverage at the earlier of (i) the beginning of the coverage period of the group of reinsurance contracts held; and (ii) the date a.s.r. recognises an onerous group of underlying contracts if a.s.r. entered into the related reinsurance contract held at or before that date. </p><div class=\"header header-2\">Contract boundaries </div><p>The measurement of a group of reinsurance contracts held includes all of the future cash flows within the boundary of each contract in the group. Cash flows are within the boundary of a contract if they arise from substantive rights and obligations that exist during the reporting period under which a.s.r. has a right to receive services from the reinsurer and is compelled to pay premiums. </p><div class=\"header header-2\">Measurement \u2013 contracts under the PAA </div><p>a.s.r. uses the PAA as the default measurement approach for reinsurance contracts with a coverage period of one year or less, but the business line has the option to choose the GMM. </p><p>To measure a group of reinsurance contracts a.s.r. applies the same accounting policies for the related insurance contracts, adapted where necessary to reflect the features of reinsurance contracts held that differ from those of the insurance contracts. </p><div class=\"header header-2\">Measurement \u2013 contracts under the GMM </div><p>a.s.r. applies the same accounting policies for insurance contracts to measure a group of reinsurance contracts, with the following modifications. </p><p>The carrying amount of a group of reinsurance contracts at each reporting date is the sum of the remaining coverage component and the incurred claims component. The remaining coverage component comprises: </p><ul><li><p>The fulfilment cash flows that relate to services that will be received under the contracts in future periods including the risk adjustment; and </p></li><li><p>Any remaining CSM at that date. </p></li></ul><p>a.s.r. measures the estimates of the present value of future cash flows using assumptions that are consistent with those used to measure the estimates of the present value of future cash flows for the underlying insurance contracts. </p><div class=\"header header-3\">Loss-recovery component </div><p>a.s.r. determines a loss-recovery component of the asset for remaining coverage of a group of reinsurance contracts held when a.s.r. recognises a recovery of a loss on initial recognition of an onerous group of underlying contracts as well as for subsequent measurement of the recovery of losses. This loss-recovery component is accounted for in a manner consistent with the loss component of the group of underlying insurance contracts issued. As such, as cedant, a.s.r. determines the resulting amount of the loss-recovery at initial recognition to be recognised in profit or loss by multiplying: </p><ul><li><p>The loss recognised on the group of underlying insurance contracts; and </p></li><li><p>The percentage of claims on underlying contracts a.s.r. expects to recover from the group of reinsurance contracts held. </p></li></ul><p>After a.s.r. has established a loss-recovery component, it shall adjust it to reflect changes in the loss component of the underlying contracts. Therefore, the balance of loss-recovery component needs to be tracked along the fulfilment of the reinsurance group and run off to zero at the end of the reinsurance coverage period or earlier when the loss component on the underlying group(s) has been fully reversed. The carrying amount of the loss recovery component shall not exceed the portion of the carrying amount of the loss component of the underlying insurance contracts that a.s.r. expects to recover from the group of reinsurance contracts held. </p><p>The risk adjustment for non-financial risk is the amount of the risk transferred by a.s.r. to the reinsurer. </p><p>On initial recognition, the CSM of a group of reinsurance contracts represents a net cost or net gain on purchasing reinsurance. It is measured as the equal and opposite amount of the total of the fulfilment cash flows, any derecognised assets for cash flows occurring before the recognition of the group and any cash flows arising at that date, and taking into account any recognised loss recovery component, if applicable. However, if any net cost on purchasing reinsurance coverage relates to insured events that occurred before the purchase of the group, then a.s.r. recognises the cost immediately in the income statement as an expense. </p><p>The carrying amount of the CSM at the end of each reporting period is the carrying amount at the start of the reporting period, adjusted for: </p><ul><li><p>The CSM of any new contracts that are added to the group in the period; </p></li><li><p>Interest accreted on the carrying amount of the CSM during the period, measured at the discount rates on nominal cash flows that do not vary based on the returns on any underlying items determined on initial recognition; </p></li><li><p>Changes in fulfilment cash flows that relate to future services, unless the change results from a change in fulfilment cash flows allocated to a group of onerous underlying insurance contracts, in which case the change is recognised in the income statement; </p></li><li><p>The amount recognised in the income statement because of the services received in the period. </p></li></ul><p>CSM is recognised in profit or loss following the services provided. </p><div class=\"header header-3\">Non-performance risk </div><p>Changes in the fulfilment cash flows related to the risk of non-performance do not adjust the CSM, therefore a.s.r. recognises them in profit or loss. This requires that the fulfilment cash flows must be adjusted to include the effect of any non-performance risk, or credit risk, by the reinsurer. </p><p>Reinsurance contracts cannot be onerous. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294713\"><span class=\"title-text\">P. Property, plant and equipment </span></h1><div class=\"header header-2\">Property held for own use and plant </div><p>Property held for own use and plants comprise of land and office buildings and plants like wind farms and are measured at fair value (revaluation model) based on annual valuations, conducted by external, independent valuators with adequate professional expertise and experience in the specific location and categories of properties or plant. </p><p>They are subsequently measured at fair value, including any unrealised fair value changes in equity, taking into account any deferred tax liabilities. For the method of determining the fair value reference is made to accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a> for investment property and plant. </p><p>Increase in the fair value exceeding the cost price is added to the revaluation reserve in shareholders\u2019 equity, less deferred taxes. Decreases in the fair value that offset previous increases of the same asset, are charged against the revaluation reserve. The revaluation reserve cannot be negative. All other decreases in fair value are accounted for in the income statement. Increases that reverse a revaluation decrease on the same asset previously recognised in net result are recognised in the income statement. </p><p>Buildings and wind farms are depreciated using the straight-line method based on expected useful life, taking into account their fair value amount, the residual value from the time when it is in the location and condition necessary for it to be capable of operating in the manner intended by management. The useful life of buildings is assessed annually for every individual component (component approach). </p><h3 class=\"table-title\">Property and plant classified into components and their maximum life </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Components </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Useful life (expressed in years) </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">n.a. </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Shell </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Outer layer </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Wind turbines </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Solar panels </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Systems </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fittings and fixtures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td></tr></tbody></table><br/><p>Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Upon the sale of a property or plant, the part of the revaluation reserve related to the sold property or plant, within equity, is transferred to \u2018other reserves\u2019 and is not reclassified to the income statement. Therefore annually a transfer is also made from the revaluation reserve related to \u2018other reserves\u2019 in line with the depreciation recognised in the income statement for the revalued portion. </p><div class=\"header header-2\">Equipment </div><p>Equipment is recognised at cost, less accumulated depreciation and / or any accumulated impairment losses. Cost corresponds with the cash paid or the fair value of the consideration given to acquire the asset. </p><p>Equipment is depreciated over its useful life, which is determined individually (usually between three and five years). Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Accounting for borrowing costs attributable to the construction of property, plant and equipment is the same as accounting for borrowing costs attributable to investment property. For details, see accounting policy <a href=\"#n4295110\" title=\"D. Investment property\">D</a>. </p><div class=\"header header-2\">Right-of-use assets </div><p>Right-of-use assets are recognised for lease contracts for which a.s.r. is the lessee. For more information reference is made to accounting policy <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294734\"><span class=\"title-text\">Q. Associates and joint ventures </span></h1><div class=\"header header-2\">Associates </div><p>Associates are entities over which a.s.r. has significant influence on operating and financial contracts, without having control. Generally, associates are accounted for using the equity method from the date at which a.s.r. acquires significant influence until the date at which such influence ceases. This means that associates are initially recognised at cost, including any goodwill paid. This value is subsequently adjusted to take account of a.s.r.\u2019s share of the associate\u2019s comprehensive income. Comprehensive income is adjusted in accordance with the accounting principles used by a.s.r. </p><p>Losses are accounted for until the carrying amount of the investment has reached zero. Further provisions are recognised only to the extent that a.s.r. has incurred legal or constructive obligations concerning these associates. </p><p>If objective evidence of impairment exists, associates are tested for impairment and, if necessary, written down. </p><p>When the application of the equity method produces information that is not relevant to the investors, a.s.r. may use the exemption of IAS 28 to measure the investments in those associates at fair value through profit or loss in accordance with IFRS 9. a.s.r. applies fair value measurement for investments in real estate equity funds and mortgage equity funds, over which a.s.r. has significant influence. </p><div class=\"header header-2\">Joint ventures </div><p>Joint ventures are contractual arrangements whereby a.s.r. and one or more parties undertake an economic activity that is subject to joint control. Joint control exists only when the strategic financial and operating decisions relating to the activity require the unanimous consent of the parties sharing control. </p><p>These interests are accounted for using the equity method as applied to associates. The interests are recognised in the financial statements from the date on which a.s.r. first obtains joint control until the date that this joint control ceases. </p><p>If objective evidence of impairment exists, joint ventures are tested for impairment and, if necessary an impairment is recognised in the income statement. </p><div class=\"header header-2\">Joint operations </div><p>a.s.r. has a limited number of non-material joint operations. These are recognised in relation to a.s.r.\u2019s interest in the joint operation's individual balance sheet and income statement items. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294820\"><span class=\"title-text\">V. Leasing </span></h1><p>A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for a consideration. For contracts that contain a lease component and one or more additional lease or non-lease components a.s.r. applies the practical expedient not to separate non-lease components from lease components. </p><p>At the commencement date of the lease, a.s.r. recognises a right-of-use asset and a lease liability. The right-of-use asset comprises the amount of the lease liability at initial measurement. The lease liability is measured at the present value of the lease payments that are not paid at the commencement date. For vehicles, the lease payments are discounted using the interest rate implicit in the lease. For other leases a.s.r.\u2019s incremental borrowing rate is used. </p><p>Subsequently, the right-of-use asset is valued at cost less any cumulated depreciation and any accumulated impairment losses and adjusted for any remeasurement of the lease liability. The lease liability is increased with interest accrued and reduced for lease payments made. When applicable the lease liability is remeasured for changes in future payments resulting from a change in index or lease term. </p><p>The right-of-use assets are presented under property, plant and equipment. The lease liabilities are presented under borrowings. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8412": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295091\"><span class=\"title-text\">C. Intangible assets </span></h1><p>Intangible assets are carried at cost, less any accumulated amortisation and impairment losses. The residual value and the estimated useful life of intangible assets are assessed on each balance sheet date and adjusted where applicable. </p><div class=\"header header-2\">Goodwill </div><p>Acquisitions by a.s.r. are accounted for using the acquisition method. Goodwill represents the excess of the cost of an acquisition over the fair value of a.s.r.\u2019s share of the net identifiable assets and liabilities and contingent liabilities of the acquired company at acquisition date. If there is no excess (purchase gain), the carrying amount is directly recognised through the income statement. At the acquisition date, goodwill is allocated to the cash-generating units (CGUs) that are expected to benefit from the business combination. </p><p>Goodwill has an indefinite useful life and is not amortised. a.s.r. performs an impairment test annually, or more frequently if events or circumstances warrant so, to ascertain whether goodwill has been subject to impairment. As part of this, the carrying amount of the cash-generating unit to which the goodwill has been allocated is compared with its recoverable amount. The recoverable amount is the higher of a CGU\u2019s fair value less costs to sell and value in use. The carrying value is determined as the net asset value including goodwill. The methodologies applied to arrive at the best estimate of the recoverable amount involves two steps. </p><p>In the first step of the impairment test, the best estimate of the recoverable amount of the CGU to which goodwill is allocated is determined separately based on Price to Earnings or Price to Book ratios (fair value less cost to sell model). The ratio(s) used per CGU depends on the characteristics of the entity in question. The main assumptions in this valuation are the multiples for the aforementioned ratios. These are developed internally but are either derived from or corroborated against market information that is related to observable transactions in the market for comparable businesses. </p><p>If the outcome of the first step indicates that the difference between the recoverable amount and the carrying value may not be sufficient to support the amount of goodwill allocated to the CGU, step two is performed. In step two an additional analysis is performed in order to determine a recoverable amount in a manner that better addresses the specific characteristics of the relevant CGU. </p><p>The additional analysis is based on internal value-in-use models, wherein managements assumptions in relation to cash flow projections for budget periods up to and including five years are used and, if deemed justified, expanded to a longer period given the nature of the insurance activities. Other assumptions, such as the (pre-tax) discount rate and the steady state growth rate, are determined on the advice of an independent external party and are based on a Capital Asset Pricing Model (CAPM). This methodology is based on a risk-free rate plus a risk premium. Operating assumptions are best estimate assumptions and based on historical data where available. Economic assumptions are based on observable market data and projections of future trends. </p><p>If the recoverable amount is lower than its carrying amount, the difference is directly charged to the income statement as an impairment loss. </p><p>In the event of impairment, a.s.r. first reduces the carrying amount of the goodwill allocated to the CGU. After that, the carrying amount of the other assets included in the unit is reduced pro rata to the carrying amount of all the assets in the unit. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8413": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295091\"><span class=\"title-text\">C. Intangible assets </span></h1><p>Intangible assets are carried at cost, less any accumulated amortisation and impairment losses. The residual value and the estimated useful life of intangible assets are assessed on each balance sheet date and adjusted where applicable. </p><div class=\"header header-2\">Goodwill </div><p>Acquisitions by a.s.r. are accounted for using the acquisition method. Goodwill represents the excess of the cost of an acquisition over the fair value of a.s.r.\u2019s share of the net identifiable assets and liabilities and contingent liabilities of the acquired company at acquisition date. If there is no excess (purchase gain), the carrying amount is directly recognised through the income statement. At the acquisition date, goodwill is allocated to the cash-generating units (CGUs) that are expected to benefit from the business combination. </p><p>Goodwill has an indefinite useful life and is not amortised. a.s.r. performs an impairment test annually, or more frequently if events or circumstances warrant so, to ascertain whether goodwill has been subject to impairment. As part of this, the carrying amount of the cash-generating unit to which the goodwill has been allocated is compared with its recoverable amount. The recoverable amount is the higher of a CGU\u2019s fair value less costs to sell and value in use. The carrying value is determined as the net asset value including goodwill. The methodologies applied to arrive at the best estimate of the recoverable amount involves two steps. </p><p>In the first step of the impairment test, the best estimate of the recoverable amount of the CGU to which goodwill is allocated is determined separately based on Price to Earnings or Price to Book ratios (fair value less cost to sell model). The ratio(s) used per CGU depends on the characteristics of the entity in question. The main assumptions in this valuation are the multiples for the aforementioned ratios. These are developed internally but are either derived from or corroborated against market information that is related to observable transactions in the market for comparable businesses. </p><p>If the outcome of the first step indicates that the difference between the recoverable amount and the carrying value may not be sufficient to support the amount of goodwill allocated to the CGU, step two is performed. In step two an additional analysis is performed in order to determine a recoverable amount in a manner that better addresses the specific characteristics of the relevant CGU. </p><p>The additional analysis is based on internal value-in-use models, wherein managements assumptions in relation to cash flow projections for budget periods up to and including five years are used and, if deemed justified, expanded to a longer period given the nature of the insurance activities. Other assumptions, such as the (pre-tax) discount rate and the steady state growth rate, are determined on the advice of an independent external party and are based on a Capital Asset Pricing Model (CAPM). This methodology is based on a risk-free rate plus a risk premium. Operating assumptions are best estimate assumptions and based on historical data where available. Economic assumptions are based on observable market data and projections of future trends. </p><p>If the recoverable amount is lower than its carrying amount, the difference is directly charged to the income statement as an impairment loss. </p><p>In the event of impairment, a.s.r. first reduces the carrying amount of the goodwill allocated to the CGU. After that, the carrying amount of the other assets included in the unit is reduced pro rata to the carrying amount of all the assets in the unit. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8414": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295110\"><span class=\"title-text\">D. Investment property </span></h1><p>Investment property is property held to earn rent and for capital appreciation. Property interests held under operating leases are classified and accounted for as investment property. In some cases, a.s.r. is the owner-occupier of investment properties. If owner-occupied properties cannot be sold separately, they are treated as investment property only if a.s.r. holds an insignificant portion for use in the supply of services or for administrative purposes. Property held for own uses (owner-occupied) is recognised within property, plant and equipment. </p><p>Investment property is primarily recognised using the fair value model. After initial recognition, a.s.r. remeasures all of its investment property (see accounting policy B) whereby any gain or loss arising from a change in the fair value of the specific investment property is recognised in the income statement under fair value gains and losses. </p><p>Residential property is generally let for an indefinite period. Other investment property is let for defined periods under leases that cannot be terminated early. Some contracts contain renewal options. Rentals are accounted for as investment income in the period to which they relate. </p><p>If there is a change in the designation of property, it can lead to: </p><ul><li><p>Reclassification from property, plant and equipment to investment property: at the end of the period of owner-occupation or at inception of an operating lease with a third party; or </p></li><li><p>Reclassification from investment property to property, plant and equipment: at the commencement of owner-occupation or at the start of developments initiated with a view to selling the property to a third party. </p></li></ul><p>The following categories of investment property are recognised by a.s.r. based primarily on the techniques used in determining the fair value of the investment property: </p><ul><li><p>Retail; </p></li><li><p>Residential; </p></li><li><p>Rural; </p></li><li><p>Offices; </p></li><li><p>Other (consisting primarily of parking); </p></li><li><p>Investment property under development. </p></li></ul><p>Property under development for future use as investment property is recognised as investment property. The valuation of investment property takes (expected) vacancies into account. </p><p>Borrowing costs directly attributable to the acquisition or development of an asset are capitalised and are part of the cost of that asset. Borrowing costs are capitalised when the following conditions are met: </p><ul><li><p>Expenditures for the asset and borrowing costs are incurred; and </p></li><li><p>Activities are undertaken that are necessary to prepare an asset for its intended use. </p></li></ul><p>Borrowing costs are no longer capitalised when the asset is ready for use or sale. If the development of assets is interrupted for a longer period, capitalisation of borrowing costs is suspended. If the construction is completed in stages and each part of an asset can be used separately, the borrowing costs for each part that reaches completion are no longer capitalised. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294713\"><span class=\"title-text\">P. Property, plant and equipment </span></h1><div class=\"header header-2\">Property held for own use and plant </div><p>Property held for own use and plants comprise of land and office buildings and plants like wind farms and are measured at fair value (revaluation model) based on annual valuations, conducted by external, independent valuators with adequate professional expertise and experience in the specific location and categories of properties or plant. </p><p>They are subsequently measured at fair value, including any unrealised fair value changes in equity, taking into account any deferred tax liabilities. For the method of determining the fair value reference is made to accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a> for investment property and plant. </p><p>Increase in the fair value exceeding the cost price is added to the revaluation reserve in shareholders\u2019 equity, less deferred taxes. Decreases in the fair value that offset previous increases of the same asset, are charged against the revaluation reserve. The revaluation reserve cannot be negative. All other decreases in fair value are accounted for in the income statement. Increases that reverse a revaluation decrease on the same asset previously recognised in net result are recognised in the income statement. </p><p>Buildings and wind farms are depreciated using the straight-line method based on expected useful life, taking into account their fair value amount, the residual value from the time when it is in the location and condition necessary for it to be capable of operating in the manner intended by management. The useful life of buildings is assessed annually for every individual component (component approach). </p><h3 class=\"table-title\">Property and plant classified into components and their maximum life </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Components </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Useful life (expressed in years) </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">n.a. </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Shell </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Outer layer </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Wind turbines </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Solar panels </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Systems </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fittings and fixtures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td></tr></tbody></table><br/><p>Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Upon the sale of a property or plant, the part of the revaluation reserve related to the sold property or plant, within equity, is transferred to \u2018other reserves\u2019 and is not reclassified to the income statement. Therefore annually a transfer is also made from the revaluation reserve related to \u2018other reserves\u2019 in line with the depreciation recognised in the income statement for the revalued portion. </p><div class=\"header header-2\">Equipment </div><p>Equipment is recognised at cost, less accumulated depreciation and / or any accumulated impairment losses. Cost corresponds with the cash paid or the fair value of the consideration given to acquire the asset. </p><p>Equipment is depreciated over its useful life, which is determined individually (usually between three and five years). Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Accounting for borrowing costs attributable to the construction of property, plant and equipment is the same as accounting for borrowing costs attributable to investment property. For details, see accounting policy <a href=\"#n4295110\" title=\"D. Investment property\">D</a>. </p><div class=\"header header-2\">Right-of-use assets </div><p>Right-of-use assets are recognised for lease contracts for which a.s.r. is the lessee. For more information reference is made to accounting policy <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8415": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295110\"><span class=\"title-text\">D. Investment property </span></h1><p>Investment property is property held to earn rent and for capital appreciation. Property interests held under operating leases are classified and accounted for as investment property. In some cases, a.s.r. is the owner-occupier of investment properties. If owner-occupied properties cannot be sold separately, they are treated as investment property only if a.s.r. holds an insignificant portion for use in the supply of services or for administrative purposes. Property held for own uses (owner-occupied) is recognised within property, plant and equipment. </p><p>Investment property is primarily recognised using the fair value model. After initial recognition, a.s.r. remeasures all of its investment property (see accounting policy B) whereby any gain or loss arising from a change in the fair value of the specific investment property is recognised in the income statement under fair value gains and losses. </p><p>Residential property is generally let for an indefinite period. Other investment property is let for defined periods under leases that cannot be terminated early. Some contracts contain renewal options. Rentals are accounted for as investment income in the period to which they relate. </p><p>If there is a change in the designation of property, it can lead to: </p><ul><li><p>Reclassification from property, plant and equipment to investment property: at the end of the period of owner-occupation or at inception of an operating lease with a third party; or </p></li><li><p>Reclassification from investment property to property, plant and equipment: at the commencement of owner-occupation or at the start of developments initiated with a view to selling the property to a third party. </p></li></ul><p>The following categories of investment property are recognised by a.s.r. based primarily on the techniques used in determining the fair value of the investment property: </p><ul><li><p>Retail; </p></li><li><p>Residential; </p></li><li><p>Rural; </p></li><li><p>Offices; </p></li><li><p>Other (consisting primarily of parking); </p></li><li><p>Investment property under development. </p></li></ul><p>Property under development for future use as investment property is recognised as investment property. The valuation of investment property takes (expected) vacancies into account. </p><p>Borrowing costs directly attributable to the acquisition or development of an asset are capitalised and are part of the cost of that asset. Borrowing costs are capitalised when the following conditions are met: </p><ul><li><p>Expenditures for the asset and borrowing costs are incurred; and </p></li><li><p>Activities are undertaken that are necessary to prepare an asset for its intended use. </p></li></ul><p>Borrowing costs are no longer capitalised when the asset is ready for use or sale. If the development of assets is interrupted for a longer period, capitalisation of borrowing costs is suspended. If the construction is completed in stages and each part of an asset can be used separately, the borrowing costs for each part that reaches completion are no longer capitalised. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8416": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295110\"><span class=\"title-text\">D. Investment property </span></h1><p>Investment property is property held to earn rent and for capital appreciation. Property interests held under operating leases are classified and accounted for as investment property. In some cases, a.s.r. is the owner-occupier of investment properties. If owner-occupied properties cannot be sold separately, they are treated as investment property only if a.s.r. holds an insignificant portion for use in the supply of services or for administrative purposes. Property held for own uses (owner-occupied) is recognised within property, plant and equipment. </p><p>Investment property is primarily recognised using the fair value model. After initial recognition, a.s.r. remeasures all of its investment property (see accounting policy B) whereby any gain or loss arising from a change in the fair value of the specific investment property is recognised in the income statement under fair value gains and losses. </p><p>Residential property is generally let for an indefinite period. Other investment property is let for defined periods under leases that cannot be terminated early. Some contracts contain renewal options. Rentals are accounted for as investment income in the period to which they relate. </p><p>If there is a change in the designation of property, it can lead to: </p><ul><li><p>Reclassification from property, plant and equipment to investment property: at the end of the period of owner-occupation or at inception of an operating lease with a third party; or </p></li><li><p>Reclassification from investment property to property, plant and equipment: at the commencement of owner-occupation or at the start of developments initiated with a view to selling the property to a third party. </p></li></ul><p>The following categories of investment property are recognised by a.s.r. based primarily on the techniques used in determining the fair value of the investment property: </p><ul><li><p>Retail; </p></li><li><p>Residential; </p></li><li><p>Rural; </p></li><li><p>Offices; </p></li><li><p>Other (consisting primarily of parking); </p></li><li><p>Investment property under development. </p></li></ul><p>Property under development for future use as investment property is recognised as investment property. The valuation of investment property takes (expected) vacancies into account. </p><p>Borrowing costs directly attributable to the acquisition or development of an asset are capitalised and are part of the cost of that asset. Borrowing costs are capitalised when the following conditions are met: </p><ul><li><p>Expenditures for the asset and borrowing costs are incurred; and </p></li><li><p>Activities are undertaken that are necessary to prepare an asset for its intended use. </p></li></ul><p>Borrowing costs are no longer capitalised when the asset is ready for use or sale. If the development of assets is interrupted for a longer period, capitalisation of borrowing costs is suspended. If the construction is completed in stages and each part of an asset can be used separately, the borrowing costs for each part that reaches completion are no longer capitalised. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8417": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294686\"><span class=\"title-text\">N. Securities lending </span></h1><p>a.s.r. participates in securities lending transactions, whereby collateral is received in the form of securities or cash. Cash received as collateral is recognised in the balance sheet and a corresponding liability is recognised as liabilities arising from securities lending in \u2018Due to banks\u2019. Securities lent remain on the balance sheet. Securities received as collateral are not recognised in the balance sheet. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294751\"><span class=\"title-text\">R. Other assets </span></h1><p>Other assets include accrued investment income, property developments, collateral (including margin accounts), reverse repurchase agreements, tax assets and accrued assets. </p><p>Property developments consist of property under development commissioned by third parties. Development property is measured at cost including any incremental costs (if a.s.r. expects to recover those costs), directly related costs to the contract (i.e. labour, materials, allocation of directly related costs, payments to subcontractors) and construction period interest, less any invoiced instalments and impairments. </p><p>Revenue on property development is primarily accounted for at the moment the property is sold. This is a performance obligation satisfied at a point in time. The point in time is the moment a customer obtains control of the promised asset. </p><p>Property developments which are sold can have guarantees (such as rent guarantees or construction guarantees), which may give rise to a separate performance obligation. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294766\"><span class=\"title-text\">S. Cash and cash equivalents </span></h1><p>Cash and cash equivalents include cash in hand, deposits held at call with banks, cash collateral and other short-term highly liquid investments that are not subject to a significant risk of changes in value. Cash and cash equivalents are measured at fair value through profit or loss. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCollateralExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8418": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
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    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  },
  "section-blocktag-i8419": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p>",
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    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
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    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  },
  "section-blocktag-i8420": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8421": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294766\"><span class=\"title-text\">S. Cash and cash equivalents </span></h1><p>Cash and cash equivalents include cash in hand, deposits held at call with banks, cash collateral and other short-term highly liquid investments that are not subject to a significant risk of changes in value. Cash and cash equivalents are measured at fair value through profit or loss. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8422": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294766\"><span class=\"title-text\">S. Cash and cash equivalents </span></h1><p>Cash and cash equivalents include cash in hand, deposits held at call with banks, cash collateral and other short-term highly liquid investments that are not subject to a significant risk of changes in value. Cash and cash equivalents are measured at fair value through profit or loss. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8423": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294766\"><span class=\"title-text\">S. Cash and cash equivalents </span></h1><p>Cash and cash equivalents include cash in hand, deposits held at call with banks, cash collateral and other short-term highly liquid investments that are not subject to a significant risk of changes in value. Cash and cash equivalents are measured at fair value through profit or loss. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294803\"><span class=\"title-text\">U. Financing </span></h1><p>Financing includes savings deposits, borrowings, due to customers, due to banks, subordinated liabilities and other financial liabilities. On initial recognition, debt instruments and other loans are stated at fair value, net of transaction costs incurred. Subsequent valuation is at amortised cost. Any difference between the proceeds and the redemption value is recognised in the income statement over the period of the borrowings using the effective interest method. Lease liabilities are included under borrowings and measured in accordance with accounting policy <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8424": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294803\"><span class=\"title-text\">U. Financing </span></h1><p>Financing includes savings deposits, borrowings, due to customers, due to banks, subordinated liabilities and other financial liabilities. On initial recognition, debt instruments and other loans are stated at fair value, net of transaction costs incurred. Subsequent valuation is at amortised cost. Any difference between the proceeds and the redemption value is recognised in the income statement over the period of the borrowings using the effective interest method. Lease liabilities are included under borrowings and measured in accordance with accounting policy <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8425": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294699\"><span class=\"title-text\">O. Statement of cash flows </span></h1><p>The statement of cash flows classifies cash flows by operating activities, investing activities and financing activities. Cash flows denominated in foreign currencies are converted at the exchange rates applicable on the transaction date. </p><p>Cash flows from operating activities are reported using the indirect method. Cash flows from operating activities include result before tax, adjustments for gains and losses that did not result in income and payments in the same financial year, adjustments for movements in provisions, and accrued and deferred items. </p><p>The statement of cash flows recognises interest received and paid, and dividends received within cash flows from operating activities. Cash flows from purchasing and selling investments and investment property are included in cash flows from operating activities on a net basis. Dividends paid are recognised within cash flows from financing activities. </p>",
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  },
  "section-blocktag-i8426": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8428": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8430": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294751\"><span class=\"title-text\">R. Other assets </span></h1><p>Other assets include accrued investment income, property developments, collateral (including margin accounts), reverse repurchase agreements, tax assets and accrued assets. </p><p>Property developments consist of property under development commissioned by third parties. Development property is measured at cost including any incremental costs (if a.s.r. expects to recover those costs), directly related costs to the contract (i.e. labour, materials, allocation of directly related costs, payments to subcontractors) and construction period interest, less any invoiced instalments and impairments. </p><p>Revenue on property development is primarily accounted for at the moment the property is sold. This is a performance obligation satisfied at a point in time. The point in time is the moment a customer obtains control of the promised asset. </p><p>Property developments which are sold can have guarantees (such as rent guarantees or construction guarantees), which may give rise to a separate performance obligation. </p>",
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    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepurchaseAndReverseRepurchaseAgreementsExplanatory",
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    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8431": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295125\"><span class=\"title-text\">E. Financial assets and financial liabilities </span></h1><div class=\"header header-2\">Recognition and initial measurement </div><p>a.s.r. recognises deposits and loans and borrowings on the date on which they originate. All other financial instruments are recognised at the transaction date, which is the date on which a.s.r. becomes party to the contractual stipulations of the instrument. </p><p>Financial assets or financial liabilities are initially measured at fair value plus, for a financial asset or financial liability not measured at FVTPL, transaction costs that are directly attributable to its acquisition or issue. </p><div class=\"header header-2\">Classification and subsequent measurement </div><p>When a.s.r. becomes party to a financial asset contract, the related assets are classified into one of the following categories: </p><ul><li><p>Amortised cost; </p></li><li><p>Financial assets at fair value through other comprehensive income (FVOCI); or </p></li><li><p>Financial assets at fair value through profit or loss (FVTPL). </p></li></ul><p>The classification of the financial assets is determined at initial recognition. The classification and measurement of certain financial assets (debt instruments) is based on a.s.r.\u2019s business models in which a financial asset is managed, and its contractual cash flow characteristics. For detailed information on the fair value of the financial assets see accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a>. </p><div class=\"header header-2\">Financial assets at amortised cost </div><p>A financial asset (debt instrument) can be measured at amortised cost if it meets both of the following conditions and is not designated as FVTPL: </p><ul><li><p>It is held within a business model whose objective is to hold assets to collect contractual cash flows; and </p></li><li><p>Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. This is known as the SPPI test. </p></li></ul><p>Debt instruments at amortised cost include mortgage loans and private loans held by Aegon Hypotheken B.V. (Aegon hypotheken). </p><p>Financial assets that are designated as hedged items are measured in accordance with the requirements for hedge accounting. </p><div class=\"header header-2\">Financial assets at FVOCI </div><p>Equity instruments can be measured at FVOCI if they are not held for trading. There is no subsequent recycling of fair value gains and losses to profit or loss following the derecognition of the investment if elected to measure the equity investments as FVOCI. </p><p>a.s.r. classifies most equity instruments at FVOCI to reduce volatility in the income statement. </p><div class=\"header header-2\">Financial assets at FVTPL </div><p>All financial assets not classified as measured at amortised cost or FVOCI, as described above, are measured at FVTPL. </p><p>Financial assets at FVTPL include: </p><ul><li><p>Derivatives that do not qualify for hedge accounting; </p></li><li><p>Financial assets that are managed and whose performance is evaluated on a fair value basis, such as: </p><ul><li><p>Debt instruments for which a.s.r. has identified the business model Other; </p></li><li><p>Investments related to direct participating contracts; </p></li><li><p>Financial assets held for trading; </p></li></ul></li><li><p>Associates for which a.s.r. elects to measure at FVTPL under IFRS 9. </p></li></ul><div class=\"header header-3\">Hedge accounting </div><p>To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. A derivative has to be effective in accomplishing the objective of offsetting either changes in fair value or cash flows for the risk being hedged. The effectiveness of the hedging relationship is evaluated on a prospective and retrospective basis using qualitative and quantitative measures of correlation. A hedging relationship is considered effective if the results of the hedging instrument are within a ratio of 80% to 125% of the results of the hedged item. a.s.r. has elected to continue to apply the hedge accounting requirements of IAS 39 for macro fair value hedges (EU \u2018carve out\u2019) on adoption of IFRS 9. </p><p>As part of its asset liability management, a.s.r. enters into economic hedges to limit its risk exposure at Aegon hypotheken. These transactions are assessed to determine whether hedge accounting can and should be applied. a.s.r. currently applies hedge accounting for fair value hedges. </p><div class=\"header header-4\">Fair value hedges </div><p>a.s.r. applies fair value hedge accounting to portfolio hedges of interest rate risk (fair value macro hedging) under the EU \u2018carve out\u2019 of EU-IFRS. The EU \u2018carve out\u2019 macro hedging enables a group of derivatives (or proportions thereof) to be viewed in combination and jointly designated as the hedging instrument and removes some of the limitations in fair value hedge accounting. Under the EU \u2018carve out\u2019, ineffectiveness in fair value hedge accounting only arises when the revised projection of the amount of cash flows in scheduled time buckets falls below the designated amount of that bucket. a.s.r. applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU \u2018carve out\u2019 to mortgage loans. Changes in the fair value of the derivatives are recognised in the income statement, together with the fair value adjustment on the mortgage loans (hedged items) insofar as attributable to interest rate risk (the hedged risk). If the hedge relationship no longer meets the criteria for hedge accounting, the cumulative adjustment of the hedged item is, in the case of interest bearing instruments, amortised through the income statement over the remaining term of the original hedge or recognised directly when the hedged item is derecognised. </p><p>Aegon hypotheken holds portfolios of long-term fixed rate mortgages and therefore is exposed to changes in fair value due to movements in market interest rates. Aegon hypotheken manages this risk exposure by entering into pay fixed/receive floating interest rate swaps. </p><p>Only the interest rate risk element is hedged and therefore other risks, such as credit risk, are managed but not hedged by Aegon hypotheken. This hedging strategy is applied to the portion of exposure that is not naturally offset against matching positions held by Aegon hypotheken. Changes in fair value of the long-term fixed rate mortgages arising from changes in interest rate are usually the largest component of the overall change in fair value. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of the loans attributable to changes in the benchmark rate of interest with changes in the fair value of the interest rate swaps. </p><p>Aegon hypotheken establishes the hedging ratio by matching the notional of the derivatives with the principal of the portfolio being hedged. Possible sources of ineffectiveness are as follows: </p><ul><li><p>Differences between the expected and actual volume of prepayments, as Aegon hypotheken hedges to the expected repayment date taking into account expected prepayments based on past experience; </p></li><li><p>Difference in the discounting between the hedged item and the hedging instrument, as cash collateralised interest rate swaps are discounted using Overnight Indexed Swaps (OIS) discount curves, which are not applied to the fixed rate mortgages; </p></li><li><p>Hedging derivatives with a non-zero fair value at the date of initial designation as a hedging instrument; and </p></li><li><p>Counterparty credit risk which impacts the fair value of uncollateralised interest rate swaps but not the hedged items. </p></li></ul><p>Aegon hypotheken manages the interest rate risk arising from fixed rate mortgages by entering into interest rate swaps on a monthly basis. The exposure from these portfolios frequently changes due to new loans originated, contractual repayments and early prepayments made by customers in each period. As a result, Aegon hypotheken adopts a dynamic hedging strategy (sometime referred to as a \u2018macro\u2019 or \u2018portfolio\u2019 hedge) to hedge the exposure profile by closing and entering into new swap agreements at each month-end. Aegon hypotheken uses the portfolio fair value hedge of interest rate risk to recognise fair value changes related to changes in interest rate risk in the mortgage portfolio, and therefore reduce the profit or loss volatility that would\u00a0 otherwise arise from changes in fair value of the interest rate swaps alone. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for debt instruments at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Business model assessment </div><p>The business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. a.s.r.\u2019s business models refer to how a.s.r. manages its financial assets in order to generate cash flows. </p><p>a.s.r. applies the business model Hold to Collect for the mortgage loans and private loans held by Aegon hypotheken and the business model Other for all other debt instruments. Based on these business models the mortgage loans and private loans of Aegon hypotheken that meet the SPPI test are measured at amortised cost. All other debt instruments are measured at FVTPL. </p><div class=\"header header-2\">Assessment whether contractual cash flows are solely payments of principal and interest (SPPI) </div><p>For the purpose of this assessment, principal is defined as the fair value of the financial asset on initial recognition. However, the principal may change over time \u2013 e.g. if there are repayments of principal. </p><p>Interest is defined as consideration for the time value of money, for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks (e.g. liquidity risk) and costs (e.g. administrative costs), as well as a profit margin that is consistent with a basic lending arrangement. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are SPPI. </p><p>a.s.r. assesses the SPPI for the loans portfolio held by Aegon hypotheken and for its other financial assets. All other debt instruments are mandatorily designated as at FVTPL (business model Other). </p><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial assets at amortised cost </div><p>Financial assets at amortised cost are measured at amortised cost using the effective interest method. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-3\">Financial assets at FVOCI </div><p>Equity investments at FVOCI are measured at fair value. All fair value gains and losses are recorded in OCI, without recycling to profit or loss. Dividends from such investments continue to be recognised in profit or loss as Investment income when a.s.r.\u2019s right to receive payments is established. Impairment requirements are not applicable to equity investments measured as FVOCI. </p><div class=\"header header-3\">Financial assets at FVTPL </div><p>Financial assets at FVTPL are measured at fair value. Net gains and losses, including any interest or dividend income and foreign exchange gains and losses, are recognised in profit or loss. Impairment requirements are not applicable to financial assets measured at FVTPL. </p><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><div class=\"header header-2\">Financial liabilities </div><div class=\"header header-2\">Classification </div><p>a.s.r. classifies its liabilities into one of the following categories: </p><ul><li><p>financial liabilities at FVTPL (derivatives); or </p></li><li><p>financial liabilities at amortised cost (all other financial liabilities). </p></li></ul><div class=\"header header-2\">Subsequent measurement and gains and losses </div><div class=\"header header-3\">Financial liabilities at FVTPL </div><p>Financial liabilities at FVTPL are measured at fair value. Net gains and losses, including any interest expenses and foreign exchange gains and losses, are recognised in profit or loss. </p><div class=\"header header-3\">Financial liabilities at amortised cost </div><p>Financial liabilities at amortised cost are measured at amortised cost using the effective interest method. Interest expenses, foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. </p><div class=\"header header-2\">Accrued interest </div><p>In line with Solvency II reporting a.s.r. accounts for financial liabilities at their 'dirty' fair value, thus including any related accrued interest. </p><div class=\"header header-2\">Interest on financial liabilities </div><p>Interest expenses are calculated by applying the effective interest rate to the amortised cost of the liability. When calculating the effective interest rate, a.s.r. estimates future cash flows considering all contractual terms of the liability. </p><div class=\"header header-2\">Derivatives including embedded derivatives </div><p>Derivatives within the insurance entities are primarily used by a.s.r. for hedging interest rate and exchange rate risks, for hedging future transactions and the exposure to market risks. </p><p>These derivatives are classified as held-for-trading. Derivatives are measured at fair value with changes in fair value recognised in profit or loss. Derivatives may be embedded in another contractual arrangement (a host contract). </p><p>For contracts where the host contract is a financial asset in the scope of IFRS 9, the hybrid financial instrument as a whole is assessed for classification and the embedded derivative is not separated from the host contract. </p><p>A derivative embedded in a host insurance or reinsurance contract is not accounted for separately from the host contract if the embedded derivate itself meets the definition of an insurance or reinsurance contract. </p><p>For other contracts, a.s.r. accounts for an embedded derivative separately from the host contract when: </p><ul><li><p>the hybrid contract is not measured at FVTPL; </p></li><li><p>the terms of the embedded derivative would have met the definition of a derivative if they were contained in a separate contract; and </p></li><li><p>the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract. </p></li></ul><div class=\"header header-2\">Impairments in the P&amp;L </div><p>a.s.r. recognises loss allowances for ECL on debt instruments measured at amortised cost. a.s.r. uses the low credit risk simplification for investment grade debt instruments and recognises a lifetime ECL for other financial assets using the simplified approach. Lifetime ECL are the ECL that result from all possible default events over the expected life of a financial instrument. </p><p>ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to a.s.r. in accordance with the contract and the cash flows that a.s.r. expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which a.s.r. is exposed to credit risk. </p><div class=\"header header-3\">Write-off </div><p>The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when a.s.r. determines that the borrower does not have assets or resources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with a.s.r.\u2019s procedures for recovery of amounts due. Should amounts be recovered these are then recognised when the payment has been received. </p><div class=\"header header-2\">Derecognition and contract modification </div><div class=\"header header-2\">Financial assets </div><p>a.s.r. derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which a.s.r. neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. </p><p>On derecognition of a financial asset, the difference between the carrying amount at the date of derecognition and the consideration received (including any new asset obtained less any new liability assumed) is recognised in the income statement, unless the financial asset is an equity instrument and is measured at fair value through other comprehensive income. For these instruments any revaluation amount is transferred within equity from unrealised gains and losses to retained earnings. </p><p>a.s.r. enters into transactions whereby it transfers assets recognised in its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Examples of such transactions are repurchase agreements and securities lending. The asset recognised for cash paid on reverse repurchase agreements is presented under investments. The liability recognised for cash collateral received on repurchase agreements is presented under the line item due to banks. </p><p>In transactions in which a.s.r. neither retains nor transfers substantially all of the risks and rewards of ownership of a financial asset and it retains control over the asset, a.s.r. continues to recognise the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. </p><p>If the terms of a financial asset are modified, then a.s.r. evaluates whether the cash flows of the modified asset are substantially different. If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognised and a new financial asset is recognised at fair value. </p><p>If a financial asset measured at amortised cost is modified but not substantially, then the financial asset is not derecognised. If the asset has not been derecognised, then a.s.r. recalculates the gross carrying amount of the financial asset by discounting the modified contractual cash flows at the original effective interest rate and recognises the resulting adjustment to the gross carrying amount as a modification gain or loss in profit or loss. If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses; in other cases, it is presented as interest revenue. </p><div class=\"header header-2\">Financial liabilities </div><p>a.s.r. generally derecognises a financial liability when its contractual obligations expire or are discharged or cancelled. a.s.r. also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different (i.e. the net present value of the of the cash flows under the new terms discounted at the original effective interest rate is at least 10% different from the discounted present value of the remaining cash flows of the original debt instrument), in which case a new financial liability based on the modified terms is recognised at fair value. </p><p>On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. </p><p>If a financial liability measured at amortised cost is not substantially modified, then it is not derecognised. For such financial liabilities, a.s.r. recalculates the amortised cost of the financial liability by discounting the modified contractual cash flows at the original effective interest rate and recognises any resulting adjustment to the amortised cost as a modification gain or loss in \u2018other finance expenses\u2019 in profit or loss. Any costs and fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8464": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295154\"><span class=\"title-text\">F1. Insurance contracts </span></h1><div class=\"header header-2\">Classification </div><p>Insurance contracts issued by a.s.r. are contracts that transfer significant insurance risks, and in some cases also financial risk, from the policyholder to a.s.r. Contracts measured using the General Measurement Model ( GMM) or Premium Allocation Approach (PAA)  are classified on the balance sheet as insurance contract liabilities and contracts measured using the Variable Fee Approach (VFA) are classified as liabilities arising from direct participating insurance contracts. </p><p>a.s.r. offers non-life insurance contracts and life insurance contracts as shown in the table below. </p><h3 class=\"table-title\">Measurement model applied </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:21%;\"/><col style=\"width:32%;\"/><col style=\"width:47%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>Segment </b></th><th class=\"valign-middle startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>Product </b></th><th class=\"valign-middle startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>Measurement model applied </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">P&amp;C </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">PAA </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disability </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">GMM </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Health </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">PAA </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Individual life </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">GMM or VFA </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pension </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">GMM or VFA </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Funeral </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">GMM </td></tr></tbody></table><br/><div class=\"header header-2\">Insurance contract liabilities </div><div class=\"header header-3\">Non-life insurance contracts </div><p>Non-life insurance contracts are contracts that provide cover that is not related to the life or death of insured persons. These insurance contracts are primarily classified into the following categories: Disability, Health, P&amp;C (motor, fire and liability). </p><div class=\"header header-3\">Life insurance contracts </div><p>The segment Life includes: annuities, term insurance policies, savings contracts and funeral insurance contracts. In addition to non-participating life insurance contracts, the insurance portfolio also includes: </p><ul><li><p>Individual and group participating contracts; </p></li><li><p>Individual contracts with discretionary participation features; </p></li><li><p>Group contracts with segregated pools with returns based on investment guarantees. </p></li></ul><p>Life insurance contracts with (discretionary) participation features are included within the Life segment. Under these contracts, policyholders are assigned, in addition to their entitlement to a guaranteed element, an entitlement to potentially significant additional benefits whose amount or timing is contractually at the discretion of a.s.r. These additional benefits are based on the performance of a specified pool of investments held by a.s.r. or on the issuer's operational result. </p><div class=\"header header-3\">Liabilities arising from direct participating insurance contracts. </div><p>a.s.r. classifies an insurance contract as a direct participating contract for which at inception the following criteria are met: </p><ul><li><p>the contractual terms specify that the policyholder participates in a share of a clearly identified pool of underlying items; </p></li><li><p>a.s.r. expects to pay the policyholder an amount equal to a substantial share of the fair value returns on the underlying items; and </p></li><li><p>a.s.r. expects a substantial proportion of any change in the amounts to be paid to the policy holder to vary with the change in the fair value of the underlying items. </p></li></ul><p>Life insurance contracts with direct participating features are included within the Life segment and mainly concern unit-linked contracts and group pension contracts, with policyholders bearing the investment risk. An investment unit is a share in an investment fund that a.s.r. acquires on behalf of the policyholders using net premiums paid by the policyholders. The cash flow upon maturity of the contract is equal to the value of the investment units of the fund in question. </p><p>Contracts that meet the requirements of a direct participating contract are measured using the variable fee approach (VFA). </p><div class=\"header header-2\">Separating components </div><p>Currently a.s.r. does not separate any components from its insurance contracts. </p><div class=\"header header-2\">Non-distinct investment components </div><p>Non-distinct investment components are identified for products where under all circumstances a payment will be made to the policyholder. These are generally recognised for GMM as the surrender value of the funeral insurance and as the savings account related to the mortgage savings insurance. For VFA policies the non-distinct investment component is the minimum payment that will be made under all circumstances (i.e. the minimum of surrender, lapse and maturity). </p><div class=\"header header-2\">Level of aggregation </div><p>Insurance contracts are aggregated into groups for measurement purposes. a.s.r. identifies portfolios of insurance contracts comprising contracts subject to similar risks and managed together. Each portfolio is then divided into cohorts of contracts issued within a maximum of one year and divided into two groups based on the profitability buckets for: </p><ul><li><p>any contracts that are onerous on initial recognition; and </p></li><li><p>any remaining contracts in the portfolio. </p></li></ul><p>The profitability bucket for contracts that have no significant possibility of becoming onerous subsequently is currently not used by a.s.r. </p><p>Similar risks managed together are generally based on the homogeneous risk groups similar to those used in Solvency II at inception, more or less granularity is applied where applicable. Contracts within a portfolio that would fall into different groups only because law or regulation specifically constraints a.s.r.\u2019s practical ability to set a different price or level of benefits for policyholders with different characteristics are included in the same group. This applies to contracts issued in Europe that are required by EU regulation to be priced on a gender-neutral basis. </p><p>The resulting groups represent the level at which the recognition and measurement accounting policies are applied. The groups are established on initial recognition and their composition is not subsequently reassessed. </p><p>Whether a contract is onerous or not is a policy (test) which is set per business. Part of this policy will be pricing and thresholds and forward-looking metrics available within a.s.r. The test is performed based on the contracts which are issued in any specific calendar year and are grouped according to the similar risks managed together criteria as described above. The test is generally performed on a set of contracts using reasonable and supportable information, considering that the outcome would be the same had the individual policy assessment been performed. </p><div class=\"header header-2\">Recognition </div><p>a.s.r. recognises a group of insurance contracts issued from the earliest of: </p><ul><li><p>the beginning of the coverage period of the group of contracts. The coverage period is the period during which a.s.r. provides services (insurance services, investment-return services or investment-related services) in respect of all premiums within the boundary of the insurance contract; </p></li><li><p>the date when the first payment from a policyholder in the group becomes due. If there is no contractual due date, then it is considered to be the date when the first payment is received from the policyholder; or </p></li><li><p>the group of onerous contracts, the date when the group becomes onerous. </p></li></ul><p>Insurance contracts acquired in a (portfolio) transfer or a business combination are recognised on the date of acquisition. </p><p>When the contract is recognised, it is added to an existing group of contracts or, if the contract does not qualify for inclusion in an existing group, it forms a new group to which future contracts can be added. Groups of contracts are established on initial recognition and their composition is not revised once all contracts have been added to the group. </p><div class=\"header header-2\">Contract boundaries </div><p>The measurement of a group of contracts includes all of the future cash flows within the boundary of each contract in the group. Cash flows are within the boundary of a contract if they arise from substantive rights and obligations that exist during the reporting period under which a.s.r. can compel the policyholder to pay premiums or has a substantive obligation to provide services. </p><p>A substantive obligation to provide services ends when: </p><ul><li><p>a.s.r. has the practical ability to reassess the risks of the particular policyholder and can set a price or level of benefits that fully reflects those reassessed risks; or </p></li><li><p>a.s.r. has the practical ability to reassess the risks of the portfolio that contains the contract and can set a price or level of benefits that fully reflects the risks of that portfolio; and the pricing of the premiums for coverage up to the reassessment date does not consider risks that relate to periods after the reassessment date. </p></li></ul><p>For individual contracts with discretionary features the contract boundary is defined so that cash flows are within the contract boundary if they result from a substantive obligation of a.s.r. to deliver cash at a present or future date. </p><p>The contract boundary is reassessed at each reporting period and more frequently if and when product characteristics and/or conditions fundamentally change and, therefore, may change over time. </p><div class=\"header header-2\">Measurement </div><p>a.s.r. uses the following measurement models: </p><ul><li><p>the general measurement model (GMM); </p></li><li><p>the variable fee approach (VFA) for contracts with a direct participating feature; and </p></li><li><p>the premium allocation approach (PAA) which is a simplified version of the GMM and is used mainly for short-duration contracts. </p></li></ul><div class=\"header header-2\">Measurement \u2013 contracts measured under the GMM </div><div class=\"header header-3\">Initial measurement </div><p>On initial recognition, a.s.r. measures a group of insurance contracts as the total of: </p><ul><li><p>the fulfilment cash flows, which comprise estimates of future cash flows, adjusted to reflect the time value of money and the associated financial risk and the risk adjustment for non-financial risk (RA); and </p></li><li><p>the CSM. </p></li></ul><p>The measurement of the fulfilment cash flows of a group of insurance contracts does not reflect non-performance risk of a.s.r. It is the net present value of the projected cash flows of benefits and expenses, less the net present value of premiums, adjusted for the risk adjustment. These cash flows are estimated using realistic, 'best estimate', assumptions in relation to mortality, longevity, disability, lapse rate, expense and inflation. The best estimate assumptions include mortality and longevity trend assumptions for life expectancy. Mortality rate tables applied are generally developed based on a blend of company experience and industry wide studies, taking into consideration product characteristics, own risk selection criteria, the insured population, recent mortality trend assumptions for life expectancy in the Netherlands and past experience. Mortality experience is monitored through regular studies, the results of which are fed into the pricing cycle for new products and reflected in the liability calculation when appropriate. The best estimate includes the intrinsic value and the time value of options and guarantees (TVOG: Time Value of Financial Options and Guarantees) and is calculated using stochastic techniques. </p><p>Where applicable, the direct or discretionary participating features of the insurance contracts, such as profit sharing, and any guaranteed benefits at maturity are considered in the future cash flows.  The cash flows are discounted using an interest curve whose construction is related to the Solvency II curve construction published by EIOPA. The construction differs in that a different CRA is determined and used, there is no VA but there is a Liability Illiquidity Premium (LIP), a different UFR is used (2025: 3.20%, 2024: 3.25%; whereas Solvency II used 2025: 3.30%, 2024: 3.30%) and the convergence to the UFR follows a different methodology. </p><p>Insurance pre-recognition cash flows consist of pre-acquisition cash flows and pre-paid premium cash flows for insurance contracts not yet recognised. Insurance pre-acquisition cash flows that a.s.r. pays before the related group of contracts is recognised (i.e. for renewals of insurance contracts or insurance contracts recognised in the following period), are presented as an asset under the insurance contract liabilities. When the group of contracts is recognised, these cash flows are included by way of expected acquisition cash flows in the measurement of the group and the previously recognised asset is transferred and included as part of expected acquisition cash flows initially recognised in the insurance liability. The insurance pre-acquisition cash flow asset is reassessed for a possible impairment trigger at each reporting date. </p><p>The risk adjustment for a group of insurance contracts is the compensation required for bearing uncertainty about the amount and timing of the cash flows that arises from non-financial risk. </p><p>a.s.r. disaggregates changes in the risk adjustment for non-financial risk between the insurance service result and insurance finance income or expenses. See <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4</a>. </p><p>The CSM of a group of insurance contracts represents the unearned profit that a.s.r. will recognise as it provides service under those contracts. On initial recognition of a group of insurance contracts, if the total fulfilment cash flows allocated to the contract, any previously recognised insurance acquisition cash flows, pre-paid premium cash flows and any cash flows arising from the contract at the date of initial recognition is a net inflow, then the group is not onerous. In this case, the CSM is measured as the equal and opposite amount of the net inflow, which results in no income or expenses arising on initial recognition. </p><p>For groups of contracts acquired, the consideration received for the contracts is included in the fulfilment cash flows as a proxy for the premiums received at the date of acquisition. For business combinations see accounting policy H. </p><p>If the total of the fulfilment cash flows is a net outflow, then the group is onerous. In this case, the net outflow is recognised as a loss in the income statement, or as an adjustment to goodwill or a gain on a bargain purchase if the contracts are acquired in a business combination. A loss component is created as part of the insurance liabilities to depict any losses recognised in the income statement, which determines the amounts that are subsequently presented in the income statement as reversals of losses on onerous groups. </p><div class=\"header header-3\">Subsequent measurement </div><p>The carrying amount of a group of insurance contract liabilities at each reporting date is the sum of the liability for remaining coverage and the liability for incurred claims. The liability for remaining coverage comprises: </p><ul><li><p>the fulfilment cash flows that relate to services that will be provided under the contracts in future periods including the risk adjustment; and </p></li><li><p>any remaining CSM at that date. </p></li></ul><p>The liability for incurred claims comprises the fulfilment cash flows for incurred claims and attributable expenses that have not yet been paid, including claims that have been incurred but not yet reported, and the handling of the payments to policyholders. For the contracts in the Non-life segment this previously concerned all future payments related to the incurred claim (the LIC option). However, following a change in accounting policy, the liability for incurred claims (LIC) option no longer applies to the Individual Disability portfolio, see <a href=\"#n4294956\" title=\"Changes in accounting policies\">section 7.3.2.1</a>. For this portfolio, the liability for remaining coverage (LRC) option now applies. Under the LRC approach, the liability reflects amounts payable for future insurance services, including those related to claims incurred but still subject to insurance risk. This is consistent with the treatment in the Life segment, where the LRC option is used to account for amounts payable for the period. The accounting policy LIC option of the Group Disability and Sickness leave portfolios remain unchanged. </p><p>The fulfilment cash flows of groups of insurance contracts are measured at the reporting date using current estimates of future cash flows, current discount rates and current estimates of the risk adjustment for non-financial risk. Changes in fulfilment cash flows are recognised as follows: </p><ul><li><p>Changes relating to future services are adjusted against the CSM (or recognised in the insurance service result in profit or loss if the group is onerous); </p></li><li><p>Changes relating to current or past services are recognised in the insurance service result in the income statement; </p></li><li><p>Effects of the time value of money, financial risk and changes therein on estimated future cash flows and risk adjustment for non-financial risk are recognised as insurance finance income or expenses. </p></li></ul><p>The CSM of each group of contracts is subsequently calculated at each reporting date. </p><p>The carrying amount of the CSM at the end of each reporting period is the carrying amount at the start of the reporting period, adjusted for: </p><ul><li><p>The CSM of any new contracts that are added to the group in the period; </p></li><li><p>Interest accreted on the carrying amount of the CSM during the period, measured at the discount rates on nominal cash flows that do not vary based on the returns on any underlying items determined on initial recognition; </p></li><li><p>Changes in fulfilment cash flows that relate to future services, except to the extent that: </p><ul><li><p>Any increases in the fulfilment cash flows exceed the carrying amount of the CSM, in which case the excess is recognised as a loss in the income statement and creates a loss component; or </p></li><li><p>Any decreases in the fulfilment cash flows are allocated to the loss component, reversing losses previously recognised in profit or loss; and </p></li></ul></li><li><p>The amount recognised as insurance contract revenue due to the services provided in the period. </p></li></ul><p>Changes in fulfilment cash flows that relate to future services comprise: </p><ul><li><p>Experience adjustments arising from premiums received in the period that relate to future services and related cash flows, measured at the discount rates determined on initial recognition and non-distinct investment components; </p></li><li><p>Changes in estimates of the present value of future cash flows in the liability for remaining coverage, measured at the discount rates determined on initial recognition, except for those that relate to the effects of the time value of money, financial risk and changes therein; and </p></li><li><p>Changes in the risk adjustment for non-financial risk that relate to future services. </p></li></ul><p>CSM is recognised as insurance contract revenue following the services provided. The amount is determined by identifying coverage units in the group. The number of coverage units in the group is the quantity of insurance contract services provided by the contracts, determined by considering for each contract the quantity of benefits provided and its expected coverage period. </p><p>Changes in discretionary cash flows are regarded as relating to future services and accordingly adjust the CSM. a.s.r. allocates the CSM to each period based on the passage of time as the service (insurance services and investment-return services) is deemed to be delivered equally over the coverage period. </p><p>To determine whether changes in cash flows are deemed to be changes in discretionary cash flows, a.s.r. exercises judgement in specifying at inception what is regarded as their commitment under the contract. How a.s.r. specifies its commitment under the contract will determine how much of the changes in expected future cash flows will be reflected immediately in profit or loss or will adjust CSM. </p><div class=\"header header-2\">Measurement \u2013 contracts measured under the VFA </div><p>The VFA measurement model is used for direct participating contracts. This measurement model is identical to the GMM at initial recognition, however, subsequent measurement differs from the GMM. </p><p>Direct participating insurance contracts are contracts under which a.s.r.\u2019s obligation to the policyholder is the net of: </p><ul><li><p>The obligation to pay the policyholder an amount equal to the fair value of the underlying items; and </p></li><li><p>A variable fee in exchange for future services provided by the contracts, being a.s.r.\u2019s share of the fair value of the underlying items less fulfilment cash flows that do not vary based on the returns on underlying items. a.s.r. provides investment-related services under these contracts by promising an investment return based on underlying items, in addition to insurance coverage. </p></li></ul><p>When measuring a group of direct participating contracts, a.s.r. adjusts the fulfilment cash flows for the whole of the changes in the obligation to pay policyholders an amount equal to the fair value of the underlying items. These changes do not relate to future services and are recognised in the income statement. a.s.r. then adjusts any CSM for changes in  a.s.r.\u2019s share of the fair value of the underlying items, which relates to future services, as explained below. </p><div class=\"header header-3\">Subsequent measurement </div><p>The carrying amount of the CSM at the end of each reporting period is the carrying amount at the start of the reporting period, adjusted for: </p><ul><li><p>The CSM of any new contracts that are added to the group in the period; </p></li><li><p>a.s.r.\u2019s share of the change in the fair value of the underlying items and changes in fulfilment cash flows that relate to future services, except to the extent that: </p><ul><li><p>a.s.r. has chosen to exclude from the CSM changes in the effect of financial risk on its share of the underlying items; </p></li><li><p>a.s.r.\u2019s share of a decrease in the fair value of the underlying items, or an increase in the fulfilment cash flows that relate to future services, exceeds the carrying amount of the CSM, giving rise to a loss in the income statement (included in insurance service expenses) and creating a loss component; or </p></li><li><p>a.s.r.\u2019s share of an increase in the fair value of the underlying items, or a decrease in the fulfilment cash flows that relate to future services, is allocated to the loss component, reversing losses previously recognised in the income statement (included in insurance service expenses); and </p></li></ul></li><li><p>The amount recognised as insurance contract revenue because of the services provided in the period. </p></li></ul><p>Changes in fulfilment cash flows that relate to future services include the changes relating to future services specified above for contracts with direct participation features (measured at current discount rates) , the effect of the time value of money and financial risks and the risk mitigation option where applicable. </p><p>CSM is recognised as insurance contract revenue following the services provided. The amount is determined by identifying coverage units in the group. The number of coverage units in the group is the quantity of insurance contract services provided by the contracts, determined by considering for each contract the quantity of benefits provided and its expected coverage period. </p><p>a.s.r. allocates the CSM to each period based on the passage of time as the investment-related services provided in relation to the investment component and the insurance services provided in relation to the insurance component are deemed to be delivered equally over the coverage period. </p><div class=\"header header-3\">Risk mitigation </div><p>a.s.r. has chosen to apply the risk mitigation option to certain VFA contracts, thereby not recognising a change in the CSM to reflect some or all of the changes in the effect of the time value of money and financial risk (that would normally adjust the CSM) on: </p><ul><li><p>The amount of a.s.r.\u2019s share of the underlying items if a.s.r. mitigates the effect of financial risk on that amount using derivatives or reinsurance contracts held; and </p></li><li><p>The fulfilment cash flows if a.s.r. mitigates the effect of financial risk on those fulfilment cash flows using derivatives, non-derivative financial instruments measured at FVTPL, or reinsurance contracts held. </p></li></ul><p>If a.s.r. mitigates the effect of financial risk using derivatives or non-derivative financial instruments measured at FVTPL, it shall include insurance finance income or expenses for the period arising from the application of the risk mitigation in profit or loss. </p><p>If a.s.r. mitigates the effect of financial risk using reinsurance contracts held, it shall apply the same accounting policy for the presentation of insurance finance income or expenses arising from the application of the risk mitigation as a.s.r. applies to other reinsurance contracts held. a.s.r. does not currently use reinsurance as a hedge instrument dedicated to financial risks. </p><div class=\"header header-2\">Measurement \u2013 contracts measured under the PAA </div><p>The PAA simplifies the measurement of groups of contracts when: </p><ul><li><p>the coverage period of each contract in the group of contracts is one year or less; or </p></li><li><p>a.s.r. expects that the resulting measurement would not differ materially from the result of applying the GMM. </p></li></ul><div class=\"header header-3\">Initial measurement </div><p>On initial recognition of each group of contracts, the carrying amount of the liability for remaining coverage is measured at the premiums received on initial recognition. Insurance acquisition cash flows are recognised as expenses when they are incurred making use of the option under IFRS 17. The risk adjustment is an implicit part of the valuation of the related liability. </p><div class=\"header header-3\">Subsequent measurement. </div><p>Subsequently, the carrying amount of the liability for remaining coverage is increased by any premiums received and decreased by the amount recognised as insurance contract revenue for coverage provided. This is recognised over the coverage period based on the passage of time. </p><p>If at any time during the coverage period, facts and circumstances indicate that a group of contracts is onerous, then a.s.r. recognises a loss in the income statement and increases the liability for remaining coverage to the extent that the current estimates of the fulfilment cash flows that relate to remaining coverage (including the risk adjustment for non-financial risk) exceed the carrying amount of the liability for remaining coverage. </p><p>a.s.r. recognises the liability for incurred claims of a group of insurance contracts at the amount of the fulfilment cash flows relating to incurred claims, including a risk adjustment for non-financial risk. The fulfilment cash flows are discounted at current rates. </p><div class=\"header header-2\">Derecognition and contract modification </div><p>a.s.r. derecognises a contract when it is extinguished \u2013 i.e. when the specified obligations in the contract expire or are discharged or cancelled. </p><p>a.s.r. also derecognises a contract if its terms are modified in a way that would have changed the accounting for the contract significantly had the new terms always existed, in which case a new contract based on the modified terms is recognised. If a contract modification does not result in derecognition, then a.s.r. treats the changes in cash flows caused by the modifications as changes in estimates of fulfilment cash flows. </p><p>On the derecognition of a contract from within a group of contracts: </p><ul><li><p>The fulfilment cash flows allocated to the group are adjusted to eliminate the present value of the future cash flows and risk adjustment for non-financial risk relating to the rights and obligations that have been derecognised from the group; and </p></li><li><p>The CSM of the group is adjusted for the change in fulfilment cash flows. </p></li></ul><p>If a contract is derecognised because its terms are substantially modified, then the CSM is also adjusted for the premium that would have been charged had a.s.r. entered into a contract with the new contract's terms at the date of modification, less any additional premium charged for the modification. The new contract recognised is measured assuming that, at the date of modification, the issuer received the premium that it would have charged less any additional premium charged for the modification. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredAcquisitionCostsArisingFromInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8465": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295154\"><span class=\"title-text\">F1. Insurance contracts </span></h1><div class=\"header header-2\">Classification </div><p>Insurance contracts issued by a.s.r. are contracts that transfer significant insurance risks, and in some cases also financial risk, from the policyholder to a.s.r. Contracts measured using the General Measurement Model ( GMM) or Premium Allocation Approach (PAA)  are classified on the balance sheet as insurance contract liabilities and contracts measured using the Variable Fee Approach (VFA) are classified as liabilities arising from direct participating insurance contracts. </p><p>a.s.r. offers non-life insurance contracts and life insurance contracts as shown in the table below. </p><h3 class=\"table-title\">Measurement model applied </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:21%;\"/><col style=\"width:32%;\"/><col style=\"width:47%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>Segment </b></th><th class=\"valign-middle startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>Product </b></th><th class=\"valign-middle startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>Measurement model applied </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">P&amp;C </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">PAA </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disability </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">GMM </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Health </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">PAA </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Individual life </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">GMM or VFA </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pension </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">GMM or VFA </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Funeral </td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">GMM </td></tr></tbody></table><br/><div class=\"header header-2\">Insurance contract liabilities </div><div class=\"header header-3\">Non-life insurance contracts </div><p>Non-life insurance contracts are contracts that provide cover that is not related to the life or death of insured persons. These insurance contracts are primarily classified into the following categories: Disability, Health, P&amp;C (motor, fire and liability). </p><div class=\"header header-3\">Life insurance contracts </div><p>The segment Life includes: annuities, term insurance policies, savings contracts and funeral insurance contracts. In addition to non-participating life insurance contracts, the insurance portfolio also includes: </p><ul><li><p>Individual and group participating contracts; </p></li><li><p>Individual contracts with discretionary participation features; </p></li><li><p>Group contracts with segregated pools with returns based on investment guarantees. </p></li></ul><p>Life insurance contracts with (discretionary) participation features are included within the Life segment. Under these contracts, policyholders are assigned, in addition to their entitlement to a guaranteed element, an entitlement to potentially significant additional benefits whose amount or timing is contractually at the discretion of a.s.r. These additional benefits are based on the performance of a specified pool of investments held by a.s.r. or on the issuer's operational result. </p><div class=\"header header-3\">Liabilities arising from direct participating insurance contracts. </div><p>a.s.r. classifies an insurance contract as a direct participating contract for which at inception the following criteria are met: </p><ul><li><p>the contractual terms specify that the policyholder participates in a share of a clearly identified pool of underlying items; </p></li><li><p>a.s.r. expects to pay the policyholder an amount equal to a substantial share of the fair value returns on the underlying items; and </p></li><li><p>a.s.r. expects a substantial proportion of any change in the amounts to be paid to the policy holder to vary with the change in the fair value of the underlying items. </p></li></ul><p>Life insurance contracts with direct participating features are included within the Life segment and mainly concern unit-linked contracts and group pension contracts, with policyholders bearing the investment risk. An investment unit is a share in an investment fund that a.s.r. acquires on behalf of the policyholders using net premiums paid by the policyholders. The cash flow upon maturity of the contract is equal to the value of the investment units of the fund in question. </p><p>Contracts that meet the requirements of a direct participating contract are measured using the variable fee approach (VFA). </p><div class=\"header header-2\">Separating components </div><p>Currently a.s.r. does not separate any components from its insurance contracts. </p><div class=\"header header-2\">Non-distinct investment components </div><p>Non-distinct investment components are identified for products where under all circumstances a payment will be made to the policyholder. These are generally recognised for GMM as the surrender value of the funeral insurance and as the savings account related to the mortgage savings insurance. For VFA policies the non-distinct investment component is the minimum payment that will be made under all circumstances (i.e. the minimum of surrender, lapse and maturity). </p><div class=\"header header-2\">Level of aggregation </div><p>Insurance contracts are aggregated into groups for measurement purposes. a.s.r. identifies portfolios of insurance contracts comprising contracts subject to similar risks and managed together. Each portfolio is then divided into cohorts of contracts issued within a maximum of one year and divided into two groups based on the profitability buckets for: </p><ul><li><p>any contracts that are onerous on initial recognition; and </p></li><li><p>any remaining contracts in the portfolio. </p></li></ul><p>The profitability bucket for contracts that have no significant possibility of becoming onerous subsequently is currently not used by a.s.r. </p><p>Similar risks managed together are generally based on the homogeneous risk groups similar to those used in Solvency II at inception, more or less granularity is applied where applicable. Contracts within a portfolio that would fall into different groups only because law or regulation specifically constraints a.s.r.\u2019s practical ability to set a different price or level of benefits for policyholders with different characteristics are included in the same group. This applies to contracts issued in Europe that are required by EU regulation to be priced on a gender-neutral basis. </p><p>The resulting groups represent the level at which the recognition and measurement accounting policies are applied. The groups are established on initial recognition and their composition is not subsequently reassessed. </p><p>Whether a contract is onerous or not is a policy (test) which is set per business. Part of this policy will be pricing and thresholds and forward-looking metrics available within a.s.r. The test is performed based on the contracts which are issued in any specific calendar year and are grouped according to the similar risks managed together criteria as described above. The test is generally performed on a set of contracts using reasonable and supportable information, considering that the outcome would be the same had the individual policy assessment been performed. </p><div class=\"header header-2\">Recognition </div><p>a.s.r. recognises a group of insurance contracts issued from the earliest of: </p><ul><li><p>the beginning of the coverage period of the group of contracts. The coverage period is the period during which a.s.r. provides services (insurance services, investment-return services or investment-related services) in respect of all premiums within the boundary of the insurance contract; </p></li><li><p>the date when the first payment from a policyholder in the group becomes due. If there is no contractual due date, then it is considered to be the date when the first payment is received from the policyholder; or </p></li><li><p>the group of onerous contracts, the date when the group becomes onerous. </p></li></ul><p>Insurance contracts acquired in a (portfolio) transfer or a business combination are recognised on the date of acquisition. </p><p>When the contract is recognised, it is added to an existing group of contracts or, if the contract does not qualify for inclusion in an existing group, it forms a new group to which future contracts can be added. Groups of contracts are established on initial recognition and their composition is not revised once all contracts have been added to the group. </p><div class=\"header header-2\">Contract boundaries </div><p>The measurement of a group of contracts includes all of the future cash flows within the boundary of each contract in the group. Cash flows are within the boundary of a contract if they arise from substantive rights and obligations that exist during the reporting period under which a.s.r. can compel the policyholder to pay premiums or has a substantive obligation to provide services. </p><p>A substantive obligation to provide services ends when: </p><ul><li><p>a.s.r. has the practical ability to reassess the risks of the particular policyholder and can set a price or level of benefits that fully reflects those reassessed risks; or </p></li><li><p>a.s.r. has the practical ability to reassess the risks of the portfolio that contains the contract and can set a price or level of benefits that fully reflects the risks of that portfolio; and the pricing of the premiums for coverage up to the reassessment date does not consider risks that relate to periods after the reassessment date. </p></li></ul><p>For individual contracts with discretionary features the contract boundary is defined so that cash flows are within the contract boundary if they result from a substantive obligation of a.s.r. to deliver cash at a present or future date. </p><p>The contract boundary is reassessed at each reporting period and more frequently if and when product characteristics and/or conditions fundamentally change and, therefore, may change over time. </p><div class=\"header header-2\">Measurement </div><p>a.s.r. uses the following measurement models: </p><ul><li><p>the general measurement model (GMM); </p></li><li><p>the variable fee approach (VFA) for contracts with a direct participating feature; and </p></li><li><p>the premium allocation approach (PAA) which is a simplified version of the GMM and is used mainly for short-duration contracts. </p></li></ul><div class=\"header header-2\">Measurement \u2013 contracts measured under the GMM </div><div class=\"header header-3\">Initial measurement </div><p>On initial recognition, a.s.r. measures a group of insurance contracts as the total of: </p><ul><li><p>the fulfilment cash flows, which comprise estimates of future cash flows, adjusted to reflect the time value of money and the associated financial risk and the risk adjustment for non-financial risk (RA); and </p></li><li><p>the CSM. </p></li></ul><p>The measurement of the fulfilment cash flows of a group of insurance contracts does not reflect non-performance risk of a.s.r. It is the net present value of the projected cash flows of benefits and expenses, less the net present value of premiums, adjusted for the risk adjustment. These cash flows are estimated using realistic, 'best estimate', assumptions in relation to mortality, longevity, disability, lapse rate, expense and inflation. The best estimate assumptions include mortality and longevity trend assumptions for life expectancy. Mortality rate tables applied are generally developed based on a blend of company experience and industry wide studies, taking into consideration product characteristics, own risk selection criteria, the insured population, recent mortality trend assumptions for life expectancy in the Netherlands and past experience. Mortality experience is monitored through regular studies, the results of which are fed into the pricing cycle for new products and reflected in the liability calculation when appropriate. The best estimate includes the intrinsic value and the time value of options and guarantees (TVOG: Time Value of Financial Options and Guarantees) and is calculated using stochastic techniques. </p><p>Where applicable, the direct or discretionary participating features of the insurance contracts, such as profit sharing, and any guaranteed benefits at maturity are considered in the future cash flows.  The cash flows are discounted using an interest curve whose construction is related to the Solvency II curve construction published by EIOPA. The construction differs in that a different CRA is determined and used, there is no VA but there is a Liability Illiquidity Premium (LIP), a different UFR is used (2025: 3.20%, 2024: 3.25%; whereas Solvency II used 2025: 3.30%, 2024: 3.30%) and the convergence to the UFR follows a different methodology. </p><p>Insurance pre-recognition cash flows consist of pre-acquisition cash flows and pre-paid premium cash flows for insurance contracts not yet recognised. Insurance pre-acquisition cash flows that a.s.r. pays before the related group of contracts is recognised (i.e. for renewals of insurance contracts or insurance contracts recognised in the following period), are presented as an asset under the insurance contract liabilities. When the group of contracts is recognised, these cash flows are included by way of expected acquisition cash flows in the measurement of the group and the previously recognised asset is transferred and included as part of expected acquisition cash flows initially recognised in the insurance liability. The insurance pre-acquisition cash flow asset is reassessed for a possible impairment trigger at each reporting date. </p><p>The risk adjustment for a group of insurance contracts is the compensation required for bearing uncertainty about the amount and timing of the cash flows that arises from non-financial risk. </p><p>a.s.r. disaggregates changes in the risk adjustment for non-financial risk between the insurance service result and insurance finance income or expenses. See <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4</a>. </p><p>The CSM of a group of insurance contracts represents the unearned profit that a.s.r. will recognise as it provides service under those contracts. On initial recognition of a group of insurance contracts, if the total fulfilment cash flows allocated to the contract, any previously recognised insurance acquisition cash flows, pre-paid premium cash flows and any cash flows arising from the contract at the date of initial recognition is a net inflow, then the group is not onerous. In this case, the CSM is measured as the equal and opposite amount of the net inflow, which results in no income or expenses arising on initial recognition. </p><p>For groups of contracts acquired, the consideration received for the contracts is included in the fulfilment cash flows as a proxy for the premiums received at the date of acquisition. For business combinations see accounting policy H. </p><p>If the total of the fulfilment cash flows is a net outflow, then the group is onerous. In this case, the net outflow is recognised as a loss in the income statement, or as an adjustment to goodwill or a gain on a bargain purchase if the contracts are acquired in a business combination. A loss component is created as part of the insurance liabilities to depict any losses recognised in the income statement, which determines the amounts that are subsequently presented in the income statement as reversals of losses on onerous groups. </p><div class=\"header header-3\">Subsequent measurement </div><p>The carrying amount of a group of insurance contract liabilities at each reporting date is the sum of the liability for remaining coverage and the liability for incurred claims. The liability for remaining coverage comprises: </p><ul><li><p>the fulfilment cash flows that relate to services that will be provided under the contracts in future periods including the risk adjustment; and </p></li><li><p>any remaining CSM at that date. </p></li></ul><p>The liability for incurred claims comprises the fulfilment cash flows for incurred claims and attributable expenses that have not yet been paid, including claims that have been incurred but not yet reported, and the handling of the payments to policyholders. For the contracts in the Non-life segment this previously concerned all future payments related to the incurred claim (the LIC option). However, following a change in accounting policy, the liability for incurred claims (LIC) option no longer applies to the Individual Disability portfolio, see <a href=\"#n4294956\" title=\"Changes in accounting policies\">section 7.3.2.1</a>. For this portfolio, the liability for remaining coverage (LRC) option now applies. Under the LRC approach, the liability reflects amounts payable for future insurance services, including those related to claims incurred but still subject to insurance risk. This is consistent with the treatment in the Life segment, where the LRC option is used to account for amounts payable for the period. The accounting policy LIC option of the Group Disability and Sickness leave portfolios remain unchanged. </p><p>The fulfilment cash flows of groups of insurance contracts are measured at the reporting date using current estimates of future cash flows, current discount rates and current estimates of the risk adjustment for non-financial risk. Changes in fulfilment cash flows are recognised as follows: </p><ul><li><p>Changes relating to future services are adjusted against the CSM (or recognised in the insurance service result in profit or loss if the group is onerous); </p></li><li><p>Changes relating to current or past services are recognised in the insurance service result in the income statement; </p></li><li><p>Effects of the time value of money, financial risk and changes therein on estimated future cash flows and risk adjustment for non-financial risk are recognised as insurance finance income or expenses. </p></li></ul><p>The CSM of each group of contracts is subsequently calculated at each reporting date. </p><p>The carrying amount of the CSM at the end of each reporting period is the carrying amount at the start of the reporting period, adjusted for: </p><ul><li><p>The CSM of any new contracts that are added to the group in the period; </p></li><li><p>Interest accreted on the carrying amount of the CSM during the period, measured at the discount rates on nominal cash flows that do not vary based on the returns on any underlying items determined on initial recognition; </p></li><li><p>Changes in fulfilment cash flows that relate to future services, except to the extent that: </p><ul><li><p>Any increases in the fulfilment cash flows exceed the carrying amount of the CSM, in which case the excess is recognised as a loss in the income statement and creates a loss component; or </p></li><li><p>Any decreases in the fulfilment cash flows are allocated to the loss component, reversing losses previously recognised in profit or loss; and </p></li></ul></li><li><p>The amount recognised as insurance contract revenue due to the services provided in the period. </p></li></ul><p>Changes in fulfilment cash flows that relate to future services comprise: </p><ul><li><p>Experience adjustments arising from premiums received in the period that relate to future services and related cash flows, measured at the discount rates determined on initial recognition and non-distinct investment components; </p></li><li><p>Changes in estimates of the present value of future cash flows in the liability for remaining coverage, measured at the discount rates determined on initial recognition, except for those that relate to the effects of the time value of money, financial risk and changes therein; and </p></li><li><p>Changes in the risk adjustment for non-financial risk that relate to future services. </p></li></ul><p>CSM is recognised as insurance contract revenue following the services provided. The amount is determined by identifying coverage units in the group. The number of coverage units in the group is the quantity of insurance contract services provided by the contracts, determined by considering for each contract the quantity of benefits provided and its expected coverage period. </p><p>Changes in discretionary cash flows are regarded as relating to future services and accordingly adjust the CSM. a.s.r. allocates the CSM to each period based on the passage of time as the service (insurance services and investment-return services) is deemed to be delivered equally over the coverage period. </p><p>To determine whether changes in cash flows are deemed to be changes in discretionary cash flows, a.s.r. exercises judgement in specifying at inception what is regarded as their commitment under the contract. How a.s.r. specifies its commitment under the contract will determine how much of the changes in expected future cash flows will be reflected immediately in profit or loss or will adjust CSM. </p><div class=\"header header-2\">Measurement \u2013 contracts measured under the VFA </div><p>The VFA measurement model is used for direct participating contracts. This measurement model is identical to the GMM at initial recognition, however, subsequent measurement differs from the GMM. </p><p>Direct participating insurance contracts are contracts under which a.s.r.\u2019s obligation to the policyholder is the net of: </p><ul><li><p>The obligation to pay the policyholder an amount equal to the fair value of the underlying items; and </p></li><li><p>A variable fee in exchange for future services provided by the contracts, being a.s.r.\u2019s share of the fair value of the underlying items less fulfilment cash flows that do not vary based on the returns on underlying items. a.s.r. provides investment-related services under these contracts by promising an investment return based on underlying items, in addition to insurance coverage. </p></li></ul><p>When measuring a group of direct participating contracts, a.s.r. adjusts the fulfilment cash flows for the whole of the changes in the obligation to pay policyholders an amount equal to the fair value of the underlying items. These changes do not relate to future services and are recognised in the income statement. a.s.r. then adjusts any CSM for changes in  a.s.r.\u2019s share of the fair value of the underlying items, which relates to future services, as explained below. </p><div class=\"header header-3\">Subsequent measurement </div><p>The carrying amount of the CSM at the end of each reporting period is the carrying amount at the start of the reporting period, adjusted for: </p><ul><li><p>The CSM of any new contracts that are added to the group in the period; </p></li><li><p>a.s.r.\u2019s share of the change in the fair value of the underlying items and changes in fulfilment cash flows that relate to future services, except to the extent that: </p><ul><li><p>a.s.r. has chosen to exclude from the CSM changes in the effect of financial risk on its share of the underlying items; </p></li><li><p>a.s.r.\u2019s share of a decrease in the fair value of the underlying items, or an increase in the fulfilment cash flows that relate to future services, exceeds the carrying amount of the CSM, giving rise to a loss in the income statement (included in insurance service expenses) and creating a loss component; or </p></li><li><p>a.s.r.\u2019s share of an increase in the fair value of the underlying items, or a decrease in the fulfilment cash flows that relate to future services, is allocated to the loss component, reversing losses previously recognised in the income statement (included in insurance service expenses); and </p></li></ul></li><li><p>The amount recognised as insurance contract revenue because of the services provided in the period. </p></li></ul><p>Changes in fulfilment cash flows that relate to future services include the changes relating to future services specified above for contracts with direct participation features (measured at current discount rates) , the effect of the time value of money and financial risks and the risk mitigation option where applicable. </p><p>CSM is recognised as insurance contract revenue following the services provided. The amount is determined by identifying coverage units in the group. The number of coverage units in the group is the quantity of insurance contract services provided by the contracts, determined by considering for each contract the quantity of benefits provided and its expected coverage period. </p><p>a.s.r. allocates the CSM to each period based on the passage of time as the investment-related services provided in relation to the investment component and the insurance services provided in relation to the insurance component are deemed to be delivered equally over the coverage period. </p><div class=\"header header-3\">Risk mitigation </div><p>a.s.r. has chosen to apply the risk mitigation option to certain VFA contracts, thereby not recognising a change in the CSM to reflect some or all of the changes in the effect of the time value of money and financial risk (that would normally adjust the CSM) on: </p><ul><li><p>The amount of a.s.r.\u2019s share of the underlying items if a.s.r. mitigates the effect of financial risk on that amount using derivatives or reinsurance contracts held; and </p></li><li><p>The fulfilment cash flows if a.s.r. mitigates the effect of financial risk on those fulfilment cash flows using derivatives, non-derivative financial instruments measured at FVTPL, or reinsurance contracts held. </p></li></ul><p>If a.s.r. mitigates the effect of financial risk using derivatives or non-derivative financial instruments measured at FVTPL, it shall include insurance finance income or expenses for the period arising from the application of the risk mitigation in profit or loss. </p><p>If a.s.r. mitigates the effect of financial risk using reinsurance contracts held, it shall apply the same accounting policy for the presentation of insurance finance income or expenses arising from the application of the risk mitigation as a.s.r. applies to other reinsurance contracts held. a.s.r. does not currently use reinsurance as a hedge instrument dedicated to financial risks. </p><div class=\"header header-2\">Measurement \u2013 contracts measured under the PAA </div><p>The PAA simplifies the measurement of groups of contracts when: </p><ul><li><p>the coverage period of each contract in the group of contracts is one year or less; or </p></li><li><p>a.s.r. expects that the resulting measurement would not differ materially from the result of applying the GMM. </p></li></ul><div class=\"header header-3\">Initial measurement </div><p>On initial recognition of each group of contracts, the carrying amount of the liability for remaining coverage is measured at the premiums received on initial recognition. Insurance acquisition cash flows are recognised as expenses when they are incurred making use of the option under IFRS 17. The risk adjustment is an implicit part of the valuation of the related liability. </p><div class=\"header header-3\">Subsequent measurement. </div><p>Subsequently, the carrying amount of the liability for remaining coverage is increased by any premiums received and decreased by the amount recognised as insurance contract revenue for coverage provided. This is recognised over the coverage period based on the passage of time. </p><p>If at any time during the coverage period, facts and circumstances indicate that a group of contracts is onerous, then a.s.r. recognises a loss in the income statement and increases the liability for remaining coverage to the extent that the current estimates of the fulfilment cash flows that relate to remaining coverage (including the risk adjustment for non-financial risk) exceed the carrying amount of the liability for remaining coverage. </p><p>a.s.r. recognises the liability for incurred claims of a group of insurance contracts at the amount of the fulfilment cash flows relating to incurred claims, including a risk adjustment for non-financial risk. The fulfilment cash flows are discounted at current rates. </p><div class=\"header header-2\">Derecognition and contract modification </div><p>a.s.r. derecognises a contract when it is extinguished \u2013 i.e. when the specified obligations in the contract expire or are discharged or cancelled. </p><p>a.s.r. also derecognises a contract if its terms are modified in a way that would have changed the accounting for the contract significantly had the new terms always existed, in which case a new contract based on the modified terms is recognised. If a contract modification does not result in derecognition, then a.s.r. treats the changes in cash flows caused by the modifications as changes in estimates of fulfilment cash flows. </p><p>On the derecognition of a contract from within a group of contracts: </p><ul><li><p>The fulfilment cash flows allocated to the group are adjusted to eliminate the present value of the future cash flows and risk adjustment for non-financial risk relating to the rights and obligations that have been derecognised from the group; and </p></li><li><p>The CSM of the group is adjusted for the change in fulfilment cash flows. </p></li></ul><p>If a contract is derecognised because its terms are substantially modified, then the CSM is also adjusted for the premium that would have been charged had a.s.r. entered into a contract with the new contract's terms at the date of modification, less any additional premium charged for the modification. The new contract recognised is measured assuming that, at the date of modification, the issuer received the premium that it would have charged less any additional premium charged for the modification. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295178\"><span class=\"title-text\">F2. Reinsurance contracts </span></h1><div class=\"header header-2\">Classification </div><p>Contracts held by a.s.r. under which it transfers significant insurance risk related to insurance contracts are classified as reinsurance contracts. a.s.r. does not issue reinsurance contracts. </p><div class=\"header header-2\">Separating components and Level of aggregation </div><p>The accounting principles for the separation of components do not differ from those for insurance contracts. For the determination of the level of aggregation for reinsurance contracts the accounting principles are the same with the exception that a reinsurance contract cannot be classified as onerous. </p><div class=\"header header-2\">Recognition </div><p>a.s.r. recognises a group of reinsurance contracts held that do not provide proportionate coverage at the earlier of (i) the beginning of the coverage period of the group of reinsurance contracts held; and (ii) the date a.s.r. recognises an onerous group of underlying contracts if a.s.r. entered into the related reinsurance contract held at or before that date. </p><div class=\"header header-2\">Contract boundaries </div><p>The measurement of a group of reinsurance contracts held includes all of the future cash flows within the boundary of each contract in the group. Cash flows are within the boundary of a contract if they arise from substantive rights and obligations that exist during the reporting period under which a.s.r. has a right to receive services from the reinsurer and is compelled to pay premiums. </p><div class=\"header header-2\">Measurement \u2013 contracts under the PAA </div><p>a.s.r. uses the PAA as the default measurement approach for reinsurance contracts with a coverage period of one year or less, but the business line has the option to choose the GMM. </p><p>To measure a group of reinsurance contracts a.s.r. applies the same accounting policies for the related insurance contracts, adapted where necessary to reflect the features of reinsurance contracts held that differ from those of the insurance contracts. </p><div class=\"header header-2\">Measurement \u2013 contracts under the GMM </div><p>a.s.r. applies the same accounting policies for insurance contracts to measure a group of reinsurance contracts, with the following modifications. </p><p>The carrying amount of a group of reinsurance contracts at each reporting date is the sum of the remaining coverage component and the incurred claims component. The remaining coverage component comprises: </p><ul><li><p>The fulfilment cash flows that relate to services that will be received under the contracts in future periods including the risk adjustment; and </p></li><li><p>Any remaining CSM at that date. </p></li></ul><p>a.s.r. measures the estimates of the present value of future cash flows using assumptions that are consistent with those used to measure the estimates of the present value of future cash flows for the underlying insurance contracts. </p><div class=\"header header-3\">Loss-recovery component </div><p>a.s.r. determines a loss-recovery component of the asset for remaining coverage of a group of reinsurance contracts held when a.s.r. recognises a recovery of a loss on initial recognition of an onerous group of underlying contracts as well as for subsequent measurement of the recovery of losses. This loss-recovery component is accounted for in a manner consistent with the loss component of the group of underlying insurance contracts issued. As such, as cedant, a.s.r. determines the resulting amount of the loss-recovery at initial recognition to be recognised in profit or loss by multiplying: </p><ul><li><p>The loss recognised on the group of underlying insurance contracts; and </p></li><li><p>The percentage of claims on underlying contracts a.s.r. expects to recover from the group of reinsurance contracts held. </p></li></ul><p>After a.s.r. has established a loss-recovery component, it shall adjust it to reflect changes in the loss component of the underlying contracts. Therefore, the balance of loss-recovery component needs to be tracked along the fulfilment of the reinsurance group and run off to zero at the end of the reinsurance coverage period or earlier when the loss component on the underlying group(s) has been fully reversed. The carrying amount of the loss recovery component shall not exceed the portion of the carrying amount of the loss component of the underlying insurance contracts that a.s.r. expects to recover from the group of reinsurance contracts held. </p><p>The risk adjustment for non-financial risk is the amount of the risk transferred by a.s.r. to the reinsurer. </p><p>On initial recognition, the CSM of a group of reinsurance contracts represents a net cost or net gain on purchasing reinsurance. It is measured as the equal and opposite amount of the total of the fulfilment cash flows, any derecognised assets for cash flows occurring before the recognition of the group and any cash flows arising at that date, and taking into account any recognised loss recovery component, if applicable. However, if any net cost on purchasing reinsurance coverage relates to insured events that occurred before the purchase of the group, then a.s.r. recognises the cost immediately in the income statement as an expense. </p><p>The carrying amount of the CSM at the end of each reporting period is the carrying amount at the start of the reporting period, adjusted for: </p><ul><li><p>The CSM of any new contracts that are added to the group in the period; </p></li><li><p>Interest accreted on the carrying amount of the CSM during the period, measured at the discount rates on nominal cash flows that do not vary based on the returns on any underlying items determined on initial recognition; </p></li><li><p>Changes in fulfilment cash flows that relate to future services, unless the change results from a change in fulfilment cash flows allocated to a group of onerous underlying insurance contracts, in which case the change is recognised in the income statement; </p></li><li><p>The amount recognised in the income statement because of the services received in the period. </p></li></ul><p>CSM is recognised in profit or loss following the services provided. </p><div class=\"header header-3\">Non-performance risk </div><p>Changes in the fulfilment cash flows related to the risk of non-performance do not adjust the CSM, therefore a.s.r. recognises them in profit or loss. This requires that the fulfilment cash flows must be adjusted to include the effect of any non-performance risk, or credit risk, by the reinsurer. </p><p>Reinsurance contracts cannot be onerous. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294642\"><span class=\"title-text\">K. Product classification </span></h1><p>Insurance contracts are defined as contracts under which a.s.r. accepts significant insurance risk from policyholders by agreeing to compensate policyholders if a specified uncertain future event adversely affects the policyholder. These contracts are considered insurance contracts throughout the remaining term to maturity, irrespective of when the insured event occurs. In addition, these contracts can also transfer financial risk. </p><p>a.s.r. offers non-life insurance contracts and life insurance contracts. </p><div class=\"header header-2\">Non-life insurance contracts </div><p>Non-life insurance contracts are contracts that provide cover that is not related to the life or death of insured persons. These insurance contracts are classified into the following categories: Disability, Health, P&amp;C (motor, fire and liability) and Other. </p><div class=\"header header-2\">Life insurance contracts </div><p>Life insurance contracts (in cash) include savings-linked mortgages, annuities, term insurance policies, savings contracts and funeral insurance contracts. In addition to non-participating life insurance contracts, the insurance portfolio also includes: </p><ul><li><p>Individual and group participating contracts; </p></li><li><p>Individual contracts with discretionary participation features; </p></li><li><p>Group contracts with segregated pools with returns based on investment guarantees. </p></li></ul><div class=\"header header-2\">Direct participating insurance contracts </div><p>Claims from these life insurance contracts are directly linked to the underlying investments. The investment risk and return are borne fully for policyholders. Life insurance contracts for the account and risk of policyholders generally consist of contracts where premiums, after deduction of costs and risk premium, are invested in unit-linked funds. For some individual contracts, a.s.r. guarantees returns on unit-linked investment funds. In addition, group contracts with segregated pools are classified as direct participating insurance contracts. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294835\"><span class=\"title-text\">W1. Insurance contract revenue </span></h1><p>Insurance contract revenue excludes any investment components and is measured as follows. </p><div class=\"header header-2\">Insurance contract revenue \u2013 contracts measured under the GMM or VFA </div><p>a.s.r. recognises insurance contract revenue as it satisfies its performance obligations \u2013 i.e. as it provides coverage or other services required due to groups of insurance contracts. </p><p>For contracts measured under the GMM or VFA, the insurance contract revenue relating to services provided for each period represents the total of the changes in the liability for remaining coverage that relate to services for which a.s.r. expects to receive consideration. </p><p>Insurance contract revenue consists of the sum of the changes in the liability for remaining coverage due to: </p><ul><li><p>The insurance service expenses incurred in the period measured at the amounts expected at the beginning of the period, excluding: <br/>\u2013 Amounts allocated to the loss component; <br/>\u2013 Repayments of investment components; <br/>\u2013 Amounts that relate to transaction-based taxes collected on behalf of third parties; <br/>\u2013 Insurance acquisition expenses; and <br/>\u2013 Amounts relating to risk adjustment for non-financial risk. </p></li><li><p>The change in the risk adjustment for non-financial risk, excluding: <br/>\u2013 Changes that relate to future service that adjust the CSM; and <br/>\u2013 Amounts allocated to the loss component. </p></li><li><p>The amount of CSM for the services provided in the period; </p></li><li><p>In addition, a.s.r. allocates a portion of premiums that relate to recovering insurance acquisition cash flows to each period in a systematic way based on the passage of time. a.s.r. recognises the allocated amount as insurance contracts revenue and an equal amount as insurance service expenses. </p></li></ul><p>The amount of the CSM of a group of insurance contracts that is recognised as insurance contract revenue in each reporting period is generally determined by considering the quantity of benefits provided from the services per insurance contract and allocating the CSM per insurance contract remaining at the end of the reporting period (before any allocation) equally to the services provided in the reporting period and expected to be provided in future periods. </p><p>Per group of contracts, in accordance with the level of aggregation criteria, the CSM is subsequently released, considering each individual contract, to the current coverage period and to future coverage periods in which the insurance contract service is expected to be provided (considering expected contract terms and survivor, lapse and death assumptions). </p><div class=\"header header-2\">Insurance contract revenue \u2013 contracts measured under the PAA </div><p>For contracts measured under the PAA, the insurance contract revenue for each period is the amount of expected premium receipts for providing coverage in the period. a.s.r. allocates the expected premium receipts to each period on the basis of the passage of time. </p><div class=\"header header-2\">Allocation of reinsurance premiums paid </div><p>a.s.r. allocates reinsurers premiums paid as it receives coverage or other services under groups of reinsurance contracts. For contracts measured under the GMM the allocation of reinsurance premiums paid relating to services received for each reporting period represents the total of the changes in the remaining coverage component that relate to services for which a.s.r. expects to pay consideration. </p><p>For contracts measured under the PAA, the allocation of reinsurance premiums paid for each period is the amount of expected premium payments for receiving coverage in the period. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294849\"><span class=\"title-text\">W2. Insurance service expenses </span></h1><p>Insurance service expenses arising from insurance contracts are recognised in the income statement generally as they are incurred. They comprise the following items: </p><ul><li><p>Claims and benefits <br/>- Incurred claims and benefits; <br/>- Losses and reversal of losses on onerous contracts; <br/>- Adjustment of the liabilities for incurred claims and benefits that do not arise from the effects of the time value of money, financial risk and changes therein; </p></li><li><p>Insurance service operating expenses <br/>- Attributable insurance service operating expenses; <br/>- Acquisition costs when incurred for insurance contracts measured under the PAA; and <br/>- Amortisation of insurance acquisition cash flows for contracts not measured under the PAA. </p></li></ul><div class=\"header header-3\">Loss components </div><p>a.s.r. establishes a loss component of the liability for remaining coverage for onerous groups of insurance contracts. The loss component determines the amounts of fulfilment cash flows that are subsequently presented in the income statement as reversals of losses on onerous contracts and are excluded from insurance contract revenue when they occur. When the fulfilment cash flows occur, they are allocated between the loss component and the liability for remaining coverage excluding the loss component on a systematic basis. </p><p>The systematic basis is determined by the proportion of the loss component relative to the total estimate of the present value of the future cash outflows plus the risk adjustment for non-financial risk at the beginning of each period (or on initial recognition if a group of contracts is initially recognised in the period). </p><p>Decreases in fulfilment cash flows relating to future services or increases in a.s.r.\u2019s share of the fair value of any underlying items are allocated solely to the loss component. If the loss component is reduced to zero, then any excess over the amount allocated to the loss component creates a new CSM for the group of contracts. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294863\"><span class=\"title-text\">W4. Insurance finance income and expenses </span></h1><p>Insurance finance income and expenses comprise changes in the carrying amounts of groups of insurance and reinsurance contracts, measured through GMM and PAA, arising from the effects of the time value of money, financial risk and changes therein. For direct participating insurance contracts (VFA) the change in the fair value of the underlying items is included in the insurance finance income and expenses. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInsuranceContracts",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8469": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295178\"><span class=\"title-text\">F2. Reinsurance contracts </span></h1><div class=\"header header-2\">Classification </div><p>Contracts held by a.s.r. under which it transfers significant insurance risk related to insurance contracts are classified as reinsurance contracts. a.s.r. does not issue reinsurance contracts. </p><div class=\"header header-2\">Separating components and Level of aggregation </div><p>The accounting principles for the separation of components do not differ from those for insurance contracts. For the determination of the level of aggregation for reinsurance contracts the accounting principles are the same with the exception that a reinsurance contract cannot be classified as onerous. </p><div class=\"header header-2\">Recognition </div><p>a.s.r. recognises a group of reinsurance contracts held that do not provide proportionate coverage at the earlier of (i) the beginning of the coverage period of the group of reinsurance contracts held; and (ii) the date a.s.r. recognises an onerous group of underlying contracts if a.s.r. entered into the related reinsurance contract held at or before that date. </p><div class=\"header header-2\">Contract boundaries </div><p>The measurement of a group of reinsurance contracts held includes all of the future cash flows within the boundary of each contract in the group. Cash flows are within the boundary of a contract if they arise from substantive rights and obligations that exist during the reporting period under which a.s.r. has a right to receive services from the reinsurer and is compelled to pay premiums. </p><div class=\"header header-2\">Measurement \u2013 contracts under the PAA </div><p>a.s.r. uses the PAA as the default measurement approach for reinsurance contracts with a coverage period of one year or less, but the business line has the option to choose the GMM. </p><p>To measure a group of reinsurance contracts a.s.r. applies the same accounting policies for the related insurance contracts, adapted where necessary to reflect the features of reinsurance contracts held that differ from those of the insurance contracts. </p><div class=\"header header-2\">Measurement \u2013 contracts under the GMM </div><p>a.s.r. applies the same accounting policies for insurance contracts to measure a group of reinsurance contracts, with the following modifications. </p><p>The carrying amount of a group of reinsurance contracts at each reporting date is the sum of the remaining coverage component and the incurred claims component. The remaining coverage component comprises: </p><ul><li><p>The fulfilment cash flows that relate to services that will be received under the contracts in future periods including the risk adjustment; and </p></li><li><p>Any remaining CSM at that date. </p></li></ul><p>a.s.r. measures the estimates of the present value of future cash flows using assumptions that are consistent with those used to measure the estimates of the present value of future cash flows for the underlying insurance contracts. </p><div class=\"header header-3\">Loss-recovery component </div><p>a.s.r. determines a loss-recovery component of the asset for remaining coverage of a group of reinsurance contracts held when a.s.r. recognises a recovery of a loss on initial recognition of an onerous group of underlying contracts as well as for subsequent measurement of the recovery of losses. This loss-recovery component is accounted for in a manner consistent with the loss component of the group of underlying insurance contracts issued. As such, as cedant, a.s.r. determines the resulting amount of the loss-recovery at initial recognition to be recognised in profit or loss by multiplying: </p><ul><li><p>The loss recognised on the group of underlying insurance contracts; and </p></li><li><p>The percentage of claims on underlying contracts a.s.r. expects to recover from the group of reinsurance contracts held. </p></li></ul><p>After a.s.r. has established a loss-recovery component, it shall adjust it to reflect changes in the loss component of the underlying contracts. Therefore, the balance of loss-recovery component needs to be tracked along the fulfilment of the reinsurance group and run off to zero at the end of the reinsurance coverage period or earlier when the loss component on the underlying group(s) has been fully reversed. The carrying amount of the loss recovery component shall not exceed the portion of the carrying amount of the loss component of the underlying insurance contracts that a.s.r. expects to recover from the group of reinsurance contracts held. </p><p>The risk adjustment for non-financial risk is the amount of the risk transferred by a.s.r. to the reinsurer. </p><p>On initial recognition, the CSM of a group of reinsurance contracts represents a net cost or net gain on purchasing reinsurance. It is measured as the equal and opposite amount of the total of the fulfilment cash flows, any derecognised assets for cash flows occurring before the recognition of the group and any cash flows arising at that date, and taking into account any recognised loss recovery component, if applicable. However, if any net cost on purchasing reinsurance coverage relates to insured events that occurred before the purchase of the group, then a.s.r. recognises the cost immediately in the income statement as an expense. </p><p>The carrying amount of the CSM at the end of each reporting period is the carrying amount at the start of the reporting period, adjusted for: </p><ul><li><p>The CSM of any new contracts that are added to the group in the period; </p></li><li><p>Interest accreted on the carrying amount of the CSM during the period, measured at the discount rates on nominal cash flows that do not vary based on the returns on any underlying items determined on initial recognition; </p></li><li><p>Changes in fulfilment cash flows that relate to future services, unless the change results from a change in fulfilment cash flows allocated to a group of onerous underlying insurance contracts, in which case the change is recognised in the income statement; </p></li><li><p>The amount recognised in the income statement because of the services received in the period. </p></li></ul><p>CSM is recognised in profit or loss following the services provided. </p><div class=\"header header-3\">Non-performance risk </div><p>Changes in the fulfilment cash flows related to the risk of non-performance do not adjust the CSM, therefore a.s.r. recognises them in profit or loss. This requires that the fulfilment cash flows must be adjusted to include the effect of any non-performance risk, or credit risk, by the reinsurer. </p><p>Reinsurance contracts cannot be onerous. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForReinsuranceExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8470": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295201\"><span class=\"title-text\">G. Employee benefit plans </span></h1><div class=\"header header-2\">Pension obligations </div><div class=\"header header-3\">Defined contribution plans </div><p>a.s.r. has defined contribution (DC) plans for all its employees, including employees that are employed by entities that operate in the Distribution and Service segment. a.s.r. pays contributions to privately administered pension insurance plans with ASR Levensverzekering N.V. (a.s.r. life) on a contractual basis. The old DC plan of Aegon employees became non-contributory, when they entered the a.s.r. DC plan. </p><p>a.s.r. life recognises these contracts as insurance contracts. They are accounted for in accordance with liabilities arising from insurance contracts (accounting policy <a href=\"#n4295154\" title=\"F1. Insurance contracts\">F1</a>). </p><p>a.s.r. has no further payment obligations to the employees once the contributions have been paid. The contributions are recognised as operating expenses in the income statement during the period the services are rendered. Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in future payments is available. </p><div class=\"header header-3\">Defined benefit plans </div><p>Defined benefit (DB) plans for own employees are non-contributory. The defined benefit obligation continues to exist. The plans are schemes under which employees are awarded pension benefits upon retirement, usually dependent on one or more factors, such as years of service and compensation. </p><p>The liability in respect of DB plans is the present value of the defined benefit obligation at the balance sheet date, less the fair value of the plan assets where the pension plans are insured by third parties. </p><p>a.s.r. life and Aegon life administer most of the post-employment benefit plans and  hold  the investments that are intended to cover the employee benefit obligation. These investments do not qualify as plan assets in the consolidated financial statements under IFRS. </p><p>The DB obligation is based on the terms and conditions of the plan applicable on the balance sheet date. In measuring the DB obligation a.s.r. uses the projected unit credit method and actuarial assumptions that represent the best estimate of future variables. The benefits are discounted using an interest rate based on the internal curve for high quality corporate bonds, that are denominated in the currency in which the benefits will be paid and that have terms to maturity that approximate the terms of the related pension liability. Actuarial assumptions used in the measurement of the liability include the discount rate, estimated future wage inflation, mortality rates, consumer price inflation and for the Aegon DB also salary increases and bonuses. The assumptions are updated and reviewed at each reporting date, based on available market data. </p><p>Actuarial assumptions may differ from actual results due to changes in market conditions, economic trends, mortality trends and other assumptions. Any change in these assumptions can have a significant impact on the defined benefit obligation and future pension costs. Changes in the expected actuarial assumptions and differences with the actual actuarial outcomes are recognised in the actuarial gains and losses included in other comprehensive income (component of total equity). </p><p>When employee benefit plans are modified and when no further obligations exist, a gain or loss, resulting from the changes are recognised directly in the income statement. Consistent with the calculation of a gain or loss on a plan amendment, a.s.r. will use updated actuarial assumptions to determine the current service cost and net interest for the remainder of the annual reporting period upon the time of such amendment. The effect of the asset ceiling, if applicable, is disregarded when calculating the gain or loss on any settlement of the plan. </p><p>The financing cost related to employee benefits is recognised in interest expense. The current service costs are included in operating expenses. </p><div class=\"header header-2\">Other long-term employee benefits </div><p>Plans that offer benefits for long-service (leave), but do not qualify as a post-employment benefit plan, such as jubilee benefits, are measured at present value using the projected unit credit method and changes are recognised directly in the income statement. </p><div class=\"header header-2\">Other post-retirements obligations </div><p>a.s.r. offers post-employment benefit plans, such as arrangement for mortgage loans at a discount (fixed amount, reference date December 2017). The entitlement to these benefits is usually conditional on the employee remaining in service up to retirement age and the completion of a minimum service period. The expected costs of these benefits are accrued over the period of employment using an accounting methodology that is similar to that for DB plans. </p><div class=\"header header-2\">Vacation entitlements </div><p>A liability is formed for the vacation days which have not been taken at year-end. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8471": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295016\"><span class=\"title-text\">H. Acquisitions (Business combinations) </span></h1><p>Business acquisitions are accounted for according to the acquisition method, with the cost of the acquisitions being allocated to the fair value of the acquired identifiable assets, liabilities and contingent liabilities. </p><p>The goodwill is determined as the difference between the cost of the acquisition and a.s.r.\u2019s interest in the fair value of the acquired identifiable assets, liabilities and contingent liabilities at the acquisition date. Additionally for insurance contracts acquired that are onerous at the transaction date, the difference between the fair value and the fulfilment cash flows is also part of the goodwill. </p><p>Any change, in the fair value of acquired assets and liabilities at the acquisition date, determined within one year after acquisition, is recognised as an adjustment charged to goodwill in case of a preliminary valuation. Adjustments that occur after a period of one year are recognised in the income statement. Adjustments to the purchase price that are contingent on future events, and to the extent that these are not already included in the purchase price, are included in the purchase price of the acquisition at the time the adjustment is likely and can be measured reliably. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8473": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295030\"><span class=\"title-text\">I. Discontinued operations </span></h1><p>Classification as held for sale occurs when the carrying amount will be recovered principally through a sale transaction rather than through continuing use. </p><p>Classification as a discontinued operation occurs at the earlier of disposal or when the operation meets the criteria to be classified as held for sale. When a group of assets classified as held for sale represents a major line of business or geographical area the disposal group classifies as discontinued operations. </p><p>The comparative consolidated income statement and consolidated statement of comprehensive income are restated to show the discontinued operations separately from the continuing operations. Where applicable in the notes to the financial statements the reclassification to assets held for sale and liabilities relating to assets held for sale are recognised in the changes in the composition of the Group. Should the impairment exceed the carrying value of the non-current assets within the scope of IFRS 5 measurement, any remaining impairment amount will be presented as a separate provision. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8474": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295030\"><span class=\"title-text\">I. Discontinued operations </span></h1><p>Classification as held for sale occurs when the carrying amount will be recovered principally through a sale transaction rather than through continuing use. </p><p>Classification as a discontinued operation occurs at the earlier of disposal or when the operation meets the criteria to be classified as held for sale. When a group of assets classified as held for sale represents a major line of business or geographical area the disposal group classifies as discontinued operations. </p><p>The comparative consolidated income statement and consolidated statement of comprehensive income are restated to show the discontinued operations separately from the continuing operations. Where applicable in the notes to the financial statements the reclassification to assets held for sale and liabilities relating to assets held for sale are recognised in the changes in the composition of the Group. Should the impairment exceed the carrying value of the non-current assets within the scope of IFRS 5 measurement, any remaining impairment amount will be presented as a separate provision. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8475": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295030\"><span class=\"title-text\">I. Discontinued operations </span></h1><p>Classification as held for sale occurs when the carrying amount will be recovered principally through a sale transaction rather than through continuing use. </p><p>Classification as a discontinued operation occurs at the earlier of disposal or when the operation meets the criteria to be classified as held for sale. When a group of assets classified as held for sale represents a major line of business or geographical area the disposal group classifies as discontinued operations. </p><p>The comparative consolidated income statement and consolidated statement of comprehensive income are restated to show the discontinued operations separately from the continuing operations. Where applicable in the notes to the financial statements the reclassification to assets held for sale and liabilities relating to assets held for sale are recognised in the changes in the composition of the Group. Should the impairment exceed the carrying value of the non-current assets within the scope of IFRS 5 measurement, any remaining impairment amount will be presented as a separate provision. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8476": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294627\"><span class=\"title-text\">J. Basis for consolidation - subsidiaries </span></h1><p>The consolidated financial statements include the financial statements of a.s.r. and its subsidiaries. Subsidiaries are those entities (which may include deemed separate entities, the so-called silos and investments on behalf of policyholders) over which a.s.r. has control. Control exists when a.s.r. is exposed, or has rights, to variable returns from its involvement with the subsidiary and has the ability to affect those returns through its power over the subsidiary. This is the case if more than half of the voting rights may be exercised or if a.s.r. has control in any other manner. Subsidiaries are fully consolidated from the date on which control is acquired by a.s.r. and are deconsolidated when control ceases to exist. </p><p>A subsidiary's assets, liabilities and contingent liabilities are measured at fair value on the acquisition date and are subsequently accounted for in accordance with a.s.r.\u2019s accounting policies. </p><p>Non-controlling interests are initially stated at their proportionate share in the fair value of the net assets on the acquisition date and are subsequently adjusted for the non-controlling interest in changes in the subsidiary\u2019s equity. </p><p>The fund assets and liabilities of a.s.r. Premiepensioeninstelling B.V. (a.s.r. IORP), which is a.s.r.'s Institution for Occupational Retirement Provision (IORP), are a silo outside of the control of a.s.r., therefore these assets and liabilities are not consolidated by a.s.r. Only the remaining assets and liabilities within a.s.r. IORP (outside of the silo) are consolidated into a.s.r.\u2019s financial statements. </p><div class=\"header header-2\">Intragroup transactions </div><p>Intragroup balances and transactions between consolidated group companies are eliminated. Gains and losses on transactions between a.s.r. and associates and joint ventures are eliminated to the extent of a.s.r.\u2019s interest in these entities. </p><div class=\"header header-2\">Structured entities </div><p>Structured entities that are consolidated include certain mortgage-backed securitisation deals, where a.s.r. was involved in the design of the structured entities and also has the ability to use its power to affect the amount of the investee's returns. Other factors that contribute to the conclusion that consolidation of these entities is required includes consideration of whether a.s.r. fully services the investees and can therefore influence the defaults of the mortgage portfolios and the fact that in these cases the majority of risks are maintained by a.s.r. Structured entities that are not consolidated include general account investments in non-affiliated structured entities that are used for investment purposes. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8477": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294627\"><span class=\"title-text\">J. Basis for consolidation - subsidiaries </span></h1><p>The consolidated financial statements include the financial statements of a.s.r. and its subsidiaries. Subsidiaries are those entities (which may include deemed separate entities, the so-called silos and investments on behalf of policyholders) over which a.s.r. has control. Control exists when a.s.r. is exposed, or has rights, to variable returns from its involvement with the subsidiary and has the ability to affect those returns through its power over the subsidiary. This is the case if more than half of the voting rights may be exercised or if a.s.r. has control in any other manner. Subsidiaries are fully consolidated from the date on which control is acquired by a.s.r. and are deconsolidated when control ceases to exist. </p><p>A subsidiary's assets, liabilities and contingent liabilities are measured at fair value on the acquisition date and are subsequently accounted for in accordance with a.s.r.\u2019s accounting policies. </p><p>Non-controlling interests are initially stated at their proportionate share in the fair value of the net assets on the acquisition date and are subsequently adjusted for the non-controlling interest in changes in the subsidiary\u2019s equity. </p><p>The fund assets and liabilities of a.s.r. Premiepensioeninstelling B.V. (a.s.r. IORP), which is a.s.r.'s Institution for Occupational Retirement Provision (IORP), are a silo outside of the control of a.s.r., therefore these assets and liabilities are not consolidated by a.s.r. Only the remaining assets and liabilities within a.s.r. IORP (outside of the silo) are consolidated into a.s.r.\u2019s financial statements. </p><div class=\"header header-2\">Intragroup transactions </div><p>Intragroup balances and transactions between consolidated group companies are eliminated. Gains and losses on transactions between a.s.r. and associates and joint ventures are eliminated to the extent of a.s.r.\u2019s interest in these entities. </p><div class=\"header header-2\">Structured entities </div><p>Structured entities that are consolidated include certain mortgage-backed securitisation deals, where a.s.r. was involved in the design of the structured entities and also has the ability to use its power to affect the amount of the investee's returns. Other factors that contribute to the conclusion that consolidation of these entities is required includes consideration of whether a.s.r. fully services the investees and can therefore influence the defaults of the mortgage portfolios and the fact that in these cases the majority of risks are maintained by a.s.r. Structured entities that are not consolidated include general account investments in non-affiliated structured entities that are used for investment purposes. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8478": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294627\"><span class=\"title-text\">J. Basis for consolidation - subsidiaries </span></h1><p>The consolidated financial statements include the financial statements of a.s.r. and its subsidiaries. Subsidiaries are those entities (which may include deemed separate entities, the so-called silos and investments on behalf of policyholders) over which a.s.r. has control. Control exists when a.s.r. is exposed, or has rights, to variable returns from its involvement with the subsidiary and has the ability to affect those returns through its power over the subsidiary. This is the case if more than half of the voting rights may be exercised or if a.s.r. has control in any other manner. Subsidiaries are fully consolidated from the date on which control is acquired by a.s.r. and are deconsolidated when control ceases to exist. </p><p>A subsidiary's assets, liabilities and contingent liabilities are measured at fair value on the acquisition date and are subsequently accounted for in accordance with a.s.r.\u2019s accounting policies. </p><p>Non-controlling interests are initially stated at their proportionate share in the fair value of the net assets on the acquisition date and are subsequently adjusted for the non-controlling interest in changes in the subsidiary\u2019s equity. </p><p>The fund assets and liabilities of a.s.r. Premiepensioeninstelling B.V. (a.s.r. IORP), which is a.s.r.'s Institution for Occupational Retirement Provision (IORP), are a silo outside of the control of a.s.r., therefore these assets and liabilities are not consolidated by a.s.r. Only the remaining assets and liabilities within a.s.r. IORP (outside of the silo) are consolidated into a.s.r.\u2019s financial statements. </p><div class=\"header header-2\">Intragroup transactions </div><p>Intragroup balances and transactions between consolidated group companies are eliminated. Gains and losses on transactions between a.s.r. and associates and joint ventures are eliminated to the extent of a.s.r.\u2019s interest in these entities. </p><div class=\"header header-2\">Structured entities </div><p>Structured entities that are consolidated include certain mortgage-backed securitisation deals, where a.s.r. was involved in the design of the structured entities and also has the ability to use its power to affect the amount of the investee's returns. Other factors that contribute to the conclusion that consolidation of these entities is required includes consideration of whether a.s.r. fully services the investees and can therefore influence the defaults of the mortgage portfolios and the fact that in these cases the majority of risks are maintained by a.s.r. Structured entities that are not consolidated include general account investments in non-affiliated structured entities that are used for investment purposes. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8480": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294655\"><span class=\"title-text\">L. Segment information </span></h1><p>a.s.r. divides its operations into five reportable segments, reflecting differences in risk and return profiles and aligning with the internal reporting structure reviewed by the Executive Board (the chief operating decision maker). </p><div class=\"header header-2\">Insurance activities comprise: </div><ul><li><p><b>Non-life:</b> Non-life insurance in the Netherlands, including disability, property &amp; casualty, and health insurance. </p></li><li><p><b>Life:</b> Life insurance in the Netherlands, including defined benefit and defined contribution pensions, Individual life &amp; Funeral insurance, as well as IORP investment contracts (policyholder risk) and private investing services. </p></li></ul><div class=\"header header-2\">Non-insurance activities are presented as three segments: </div><ul><li><p><b>Asset Management:</b> Asset management activities, including investment property management and mortgage origination . </p></li><li><p><b>Distribution and Services:</b> Distribution of insurance contracts and related business services. </p></li><li><p><b>Holding and Other:</b> Holding activities (including group-related functions), other holding and intermediate holding companies, real estate development, minority participations, and entities classified as discontinued operations. </p></li></ul><p>Segment information is prepared in accordance with the accounting principles used for the preparation of a.s.r.\u2019s consolidated financial statements. Goodwill and other intangibles are presented in the related cash generating unit's segment. Intersegment transactions are conducted at arm\u2019s length conditions. In general, costs related to centralised services are allocated to the segments based on the utilisation of these services. </p><p>The Executive Board sets and monitors segment targets and budgets. Each segment aligns its strategies and policies with a.s.r.\u2019s group strategy. </p><p>Segment performance is assessed based on their operating result (see <a href=\"#n4295529\" title=\"Operating result\">section 7.10</a><b>)</b>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8482": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294699\"><span class=\"title-text\">O. Statement of cash flows </span></h1><p>The statement of cash flows classifies cash flows by operating activities, investing activities and financing activities. Cash flows denominated in foreign currencies are converted at the exchange rates applicable on the transaction date. </p><p>Cash flows from operating activities are reported using the indirect method. Cash flows from operating activities include result before tax, adjustments for gains and losses that did not result in income and payments in the same financial year, adjustments for movements in provisions, and accrued and deferred items. </p><p>The statement of cash flows recognises interest received and paid, and dividends received within cash flows from operating activities. Cash flows from purchasing and selling investments and investment property are included in cash flows from operating activities on a net basis. Dividends paid are recognised within cash flows from financing activities. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8515": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294713\"><span class=\"title-text\">P. Property, plant and equipment </span></h1><div class=\"header header-2\">Property held for own use and plant </div><p>Property held for own use and plants comprise of land and office buildings and plants like wind farms and are measured at fair value (revaluation model) based on annual valuations, conducted by external, independent valuators with adequate professional expertise and experience in the specific location and categories of properties or plant. </p><p>They are subsequently measured at fair value, including any unrealised fair value changes in equity, taking into account any deferred tax liabilities. For the method of determining the fair value reference is made to accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a> for investment property and plant. </p><p>Increase in the fair value exceeding the cost price is added to the revaluation reserve in shareholders\u2019 equity, less deferred taxes. Decreases in the fair value that offset previous increases of the same asset, are charged against the revaluation reserve. The revaluation reserve cannot be negative. All other decreases in fair value are accounted for in the income statement. Increases that reverse a revaluation decrease on the same asset previously recognised in net result are recognised in the income statement. </p><p>Buildings and wind farms are depreciated using the straight-line method based on expected useful life, taking into account their fair value amount, the residual value from the time when it is in the location and condition necessary for it to be capable of operating in the manner intended by management. The useful life of buildings is assessed annually for every individual component (component approach). </p><h3 class=\"table-title\">Property and plant classified into components and their maximum life </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Components </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Useful life (expressed in years) </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">n.a. </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Shell </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Outer layer </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Wind turbines </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Solar panels </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Systems </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fittings and fixtures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td></tr></tbody></table><br/><p>Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Upon the sale of a property or plant, the part of the revaluation reserve related to the sold property or plant, within equity, is transferred to \u2018other reserves\u2019 and is not reclassified to the income statement. Therefore annually a transfer is also made from the revaluation reserve related to \u2018other reserves\u2019 in line with the depreciation recognised in the income statement for the revalued portion. </p><div class=\"header header-2\">Equipment </div><p>Equipment is recognised at cost, less accumulated depreciation and / or any accumulated impairment losses. Cost corresponds with the cash paid or the fair value of the consideration given to acquire the asset. </p><p>Equipment is depreciated over its useful life, which is determined individually (usually between three and five years). Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Accounting for borrowing costs attributable to the construction of property, plant and equipment is the same as accounting for borrowing costs attributable to investment property. For details, see accounting policy <a href=\"#n4295110\" title=\"D. Investment property\">D</a>. </p><div class=\"header header-2\">Right-of-use assets </div><p>Right-of-use assets are recognised for lease contracts for which a.s.r. is the lessee. For more information reference is made to accounting policy <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8516": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294713\"><span class=\"title-text\">P. Property, plant and equipment </span></h1><div class=\"header header-2\">Property held for own use and plant </div><p>Property held for own use and plants comprise of land and office buildings and plants like wind farms and are measured at fair value (revaluation model) based on annual valuations, conducted by external, independent valuators with adequate professional expertise and experience in the specific location and categories of properties or plant. </p><p>They are subsequently measured at fair value, including any unrealised fair value changes in equity, taking into account any deferred tax liabilities. For the method of determining the fair value reference is made to accounting policy <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">B</a> for investment property and plant. </p><p>Increase in the fair value exceeding the cost price is added to the revaluation reserve in shareholders\u2019 equity, less deferred taxes. Decreases in the fair value that offset previous increases of the same asset, are charged against the revaluation reserve. The revaluation reserve cannot be negative. All other decreases in fair value are accounted for in the income statement. Increases that reverse a revaluation decrease on the same asset previously recognised in net result are recognised in the income statement. </p><p>Buildings and wind farms are depreciated using the straight-line method based on expected useful life, taking into account their fair value amount, the residual value from the time when it is in the location and condition necessary for it to be capable of operating in the manner intended by management. The useful life of buildings is assessed annually for every individual component (component approach). </p><h3 class=\"table-title\">Property and plant classified into components and their maximum life </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Components </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Useful life (expressed in years) </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">n.a. </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Shell </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Outer layer </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Wind turbines </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Solar panels </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Systems </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15-20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fittings and fixtures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td></tr></tbody></table><br/><p>Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Upon the sale of a property or plant, the part of the revaluation reserve related to the sold property or plant, within equity, is transferred to \u2018other reserves\u2019 and is not reclassified to the income statement. Therefore annually a transfer is also made from the revaluation reserve related to \u2018other reserves\u2019 in line with the depreciation recognised in the income statement for the revalued portion. </p><div class=\"header header-2\">Equipment </div><p>Equipment is recognised at cost, less accumulated depreciation and / or any accumulated impairment losses. Cost corresponds with the cash paid or the fair value of the consideration given to acquire the asset. </p><p>Equipment is depreciated over its useful life, which is determined individually (usually between three and five years). Repair and maintenance costs are charged to the income statement in the period in which they are incurred. Expenses incurred after the acquisition of an asset are capitalised if it is probable that the future economic benefits will flow to a.s.r. and the cost of the asset can be measured reliably. </p><p>Accounting for borrowing costs attributable to the construction of property, plant and equipment is the same as accounting for borrowing costs attributable to investment property. For details, see accounting policy <a href=\"#n4295110\" title=\"D. Investment property\">D</a>. </p><div class=\"header header-2\">Right-of-use assets </div><p>Right-of-use assets are recognised for lease contracts for which a.s.r. is the lessee. For more information reference is made to accounting policy <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8519": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294734\"><span class=\"title-text\">Q. Associates and joint ventures </span></h1><div class=\"header header-2\">Associates </div><p>Associates are entities over which a.s.r. has significant influence on operating and financial contracts, without having control. Generally, associates are accounted for using the equity method from the date at which a.s.r. acquires significant influence until the date at which such influence ceases. This means that associates are initially recognised at cost, including any goodwill paid. This value is subsequently adjusted to take account of a.s.r.\u2019s share of the associate\u2019s comprehensive income. Comprehensive income is adjusted in accordance with the accounting principles used by a.s.r. </p><p>Losses are accounted for until the carrying amount of the investment has reached zero. Further provisions are recognised only to the extent that a.s.r. has incurred legal or constructive obligations concerning these associates. </p><p>If objective evidence of impairment exists, associates are tested for impairment and, if necessary, written down. </p><p>When the application of the equity method produces information that is not relevant to the investors, a.s.r. may use the exemption of IAS 28 to measure the investments in those associates at fair value through profit or loss in accordance with IFRS 9. a.s.r. applies fair value measurement for investments in real estate equity funds and mortgage equity funds, over which a.s.r. has significant influence. </p><div class=\"header header-2\">Joint ventures </div><p>Joint ventures are contractual arrangements whereby a.s.r. and one or more parties undertake an economic activity that is subject to joint control. Joint control exists only when the strategic financial and operating decisions relating to the activity require the unanimous consent of the parties sharing control. </p><p>These interests are accounted for using the equity method as applied to associates. The interests are recognised in the financial statements from the date on which a.s.r. first obtains joint control until the date that this joint control ceases. </p><p>If objective evidence of impairment exists, joint ventures are tested for impairment and, if necessary an impairment is recognised in the income statement. </p><div class=\"header header-2\">Joint operations </div><p>a.s.r. has a limited number of non-material joint operations. These are recognised in relation to a.s.r.\u2019s interest in the joint operation's individual balance sheet and income statement items. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8520": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294734\"><span class=\"title-text\">Q. Associates and joint ventures </span></h1><div class=\"header header-2\">Associates </div><p>Associates are entities over which a.s.r. has significant influence on operating and financial contracts, without having control. Generally, associates are accounted for using the equity method from the date at which a.s.r. acquires significant influence until the date at which such influence ceases. This means that associates are initially recognised at cost, including any goodwill paid. This value is subsequently adjusted to take account of a.s.r.\u2019s share of the associate\u2019s comprehensive income. Comprehensive income is adjusted in accordance with the accounting principles used by a.s.r. </p><p>Losses are accounted for until the carrying amount of the investment has reached zero. Further provisions are recognised only to the extent that a.s.r. has incurred legal or constructive obligations concerning these associates. </p><p>If objective evidence of impairment exists, associates are tested for impairment and, if necessary, written down. </p><p>When the application of the equity method produces information that is not relevant to the investors, a.s.r. may use the exemption of IAS 28 to measure the investments in those associates at fair value through profit or loss in accordance with IFRS 9. a.s.r. applies fair value measurement for investments in real estate equity funds and mortgage equity funds, over which a.s.r. has significant influence. </p><div class=\"header header-2\">Joint ventures </div><p>Joint ventures are contractual arrangements whereby a.s.r. and one or more parties undertake an economic activity that is subject to joint control. Joint control exists only when the strategic financial and operating decisions relating to the activity require the unanimous consent of the parties sharing control. </p><p>These interests are accounted for using the equity method as applied to associates. The interests are recognised in the financial statements from the date on which a.s.r. first obtains joint control until the date that this joint control ceases. </p><p>If objective evidence of impairment exists, joint ventures are tested for impairment and, if necessary an impairment is recognised in the income statement. </p><div class=\"header header-2\">Joint operations </div><p>a.s.r. has a limited number of non-material joint operations. These are recognised in relation to a.s.r.\u2019s interest in the joint operation's individual balance sheet and income statement items. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8521": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294734\"><span class=\"title-text\">Q. Associates and joint ventures </span></h1><div class=\"header header-2\">Associates </div><p>Associates are entities over which a.s.r. has significant influence on operating and financial contracts, without having control. Generally, associates are accounted for using the equity method from the date at which a.s.r. acquires significant influence until the date at which such influence ceases. This means that associates are initially recognised at cost, including any goodwill paid. This value is subsequently adjusted to take account of a.s.r.\u2019s share of the associate\u2019s comprehensive income. Comprehensive income is adjusted in accordance with the accounting principles used by a.s.r. </p><p>Losses are accounted for until the carrying amount of the investment has reached zero. Further provisions are recognised only to the extent that a.s.r. has incurred legal or constructive obligations concerning these associates. </p><p>If objective evidence of impairment exists, associates are tested for impairment and, if necessary, written down. </p><p>When the application of the equity method produces information that is not relevant to the investors, a.s.r. may use the exemption of IAS 28 to measure the investments in those associates at fair value through profit or loss in accordance with IFRS 9. a.s.r. applies fair value measurement for investments in real estate equity funds and mortgage equity funds, over which a.s.r. has significant influence. </p><div class=\"header header-2\">Joint ventures </div><p>Joint ventures are contractual arrangements whereby a.s.r. and one or more parties undertake an economic activity that is subject to joint control. Joint control exists only when the strategic financial and operating decisions relating to the activity require the unanimous consent of the parties sharing control. </p><p>These interests are accounted for using the equity method as applied to associates. The interests are recognised in the financial statements from the date on which a.s.r. first obtains joint control until the date that this joint control ceases. </p><p>If objective evidence of impairment exists, joint ventures are tested for impairment and, if necessary an impairment is recognised in the income statement. </p><div class=\"header header-2\">Joint operations </div><p>a.s.r. has a limited number of non-material joint operations. These are recognised in relation to a.s.r.\u2019s interest in the joint operation's individual balance sheet and income statement items. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8523": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294751\"><span class=\"title-text\">R. Other assets </span></h1><p>Other assets include accrued investment income, property developments, collateral (including margin accounts), reverse repurchase agreements, tax assets and accrued assets. </p><p>Property developments consist of property under development commissioned by third parties. Development property is measured at cost including any incremental costs (if a.s.r. expects to recover those costs), directly related costs to the contract (i.e. labour, materials, allocation of directly related costs, payments to subcontractors) and construction period interest, less any invoiced instalments and impairments. </p><p>Revenue on property development is primarily accounted for at the moment the property is sold. This is a performance obligation satisfied at a point in time. The point in time is the moment a customer obtains control of the promised asset. </p><p>Property developments which are sold can have guarantees (such as rent guarantees or construction guarantees), which may give rise to a separate performance obligation. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForConstructionInProgressExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8526": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294766\"><span class=\"title-text\">S. Cash and cash equivalents </span></h1><p>Cash and cash equivalents include cash in hand, deposits held at call with banks, cash collateral and other short-term highly liquid investments that are not subject to a significant risk of changes in value. Cash and cash equivalents are measured at fair value through profit or loss. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8530": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294783\"><span class=\"title-text\">T. Equity </span></h1><div class=\"header header-2\">Share capital and share premium reserve </div><p>The share capital disclosed in the balance sheet consists of issued and fully paid-up ordinary shares. The share premium reserve comprises additional paid-in capital in excess of the par value of the shares. </p><div class=\"header header-2\">Reserve for unrealised gains and losses </div><p>This reserve consists of: </p><ul><li><p>Unrealised gains and losses from assets FVOCI net of tax (see accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>); </p></li><li><p>The share of unrealised gains and losses of associates and joint ventures using the equity method held by a.s.r. (see accounting policy <a href=\"#n4294734\" title=\"Q. Associates and joint ventures\">Q</a>); </p></li><li><p>Unrealised change in value of property for own use (see accounting policy <a href=\"#n4294713\" title=\"P. Property, plant and equipment\">P</a>); </p></li></ul><div class=\"header header-2\">Actuarial gains and losses </div><p>Actuarial gains and losses result from the post-employment benefit pension plans (see accounting policy <a href=\"#n4295201\" title=\"G. Employee benefit plans\">G</a>). </p><div class=\"header header-2\">Retained earnings </div><p>Retained earnings also include other reserves and the unappropriated result. </p><div class=\"header header-2\">Other equity instruments </div><p>This item represents the par value of the other equity instruments. Costs directly attributable to the equity issue and the tax impact thereof are recognised in retained earnings. </p><div class=\"header header-2\">Treasury shares </div><p>Treasury shares are a.s.r.\u2019s own ordinary shares that have been issued and subsequently reacquired by a.s.r. Treasury shares are deducted from equity, regardless of the objective of the transaction. No gain or loss is recognised in the income statement on the purchase, sale, issue or cancellation of the instruments. If sold, the difference between the carrying amount and the proceeds is reflected in retained earnings. The consideration paid or received is recognised directly in shareholders\u2019 equity. All treasury shares are eliminated in the calculation of earnings per share and dividend per ordinary share. </p><p>Treasury shares are either required as part of the share buy-back program, or acquired and resold as part of the employee share purchase plan, see <a href=\"#n4295428\" title=\"Employee Share Purchase Plan\">section 7.7.6</a>. </p><div class=\"header header-2\">Non-controlling interest </div><p>The non-controlling interest relates to the equity in a consolidated subsidiary not attributable, directly or indirectly, to a.s.r. (see accounting policy <a href=\"#n4294627\" title=\"J. Basis for consolidation - subsidiaries\">J</a>). </p><div class=\"header header-2\">Dividends on ordinary share capital </div><p>Dividends on ordinary shares are recognised as a liability and recognised in equity when they are approved by a.s.r.\u2019s shareholders. Interim dividends are recognised in equity when they are paid. </p><p>Dividends for the year that are approved after the reporting date are treated as an event after the reporting date. </p><div class=\"header header-2\">Discretionary interest on other equity instruments </div><p>Discretionary interest on other equity instruments is recognised in equity upon payment. The related income tax on these equity instruments is recognised in the income statement. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8531": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294783\"><span class=\"title-text\">T. Equity </span></h1><div class=\"header header-2\">Share capital and share premium reserve </div><p>The share capital disclosed in the balance sheet consists of issued and fully paid-up ordinary shares. The share premium reserve comprises additional paid-in capital in excess of the par value of the shares. </p><div class=\"header header-2\">Reserve for unrealised gains and losses </div><p>This reserve consists of: </p><ul><li><p>Unrealised gains and losses from assets FVOCI net of tax (see accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>); </p></li><li><p>The share of unrealised gains and losses of associates and joint ventures using the equity method held by a.s.r. (see accounting policy <a href=\"#n4294734\" title=\"Q. Associates and joint ventures\">Q</a>); </p></li><li><p>Unrealised change in value of property for own use (see accounting policy <a href=\"#n4294713\" title=\"P. Property, plant and equipment\">P</a>); </p></li></ul><div class=\"header header-2\">Actuarial gains and losses </div><p>Actuarial gains and losses result from the post-employment benefit pension plans (see accounting policy <a href=\"#n4295201\" title=\"G. Employee benefit plans\">G</a>). </p><div class=\"header header-2\">Retained earnings </div><p>Retained earnings also include other reserves and the unappropriated result. </p><div class=\"header header-2\">Other equity instruments </div><p>This item represents the par value of the other equity instruments. Costs directly attributable to the equity issue and the tax impact thereof are recognised in retained earnings. </p><div class=\"header header-2\">Treasury shares </div><p>Treasury shares are a.s.r.\u2019s own ordinary shares that have been issued and subsequently reacquired by a.s.r. Treasury shares are deducted from equity, regardless of the objective of the transaction. No gain or loss is recognised in the income statement on the purchase, sale, issue or cancellation of the instruments. If sold, the difference between the carrying amount and the proceeds is reflected in retained earnings. The consideration paid or received is recognised directly in shareholders\u2019 equity. All treasury shares are eliminated in the calculation of earnings per share and dividend per ordinary share. </p><p>Treasury shares are either required as part of the share buy-back program, or acquired and resold as part of the employee share purchase plan, see <a href=\"#n4295428\" title=\"Employee Share Purchase Plan\">section 7.7.6</a>. </p><div class=\"header header-2\">Non-controlling interest </div><p>The non-controlling interest relates to the equity in a consolidated subsidiary not attributable, directly or indirectly, to a.s.r. (see accounting policy <a href=\"#n4294627\" title=\"J. Basis for consolidation - subsidiaries\">J</a>). </p><div class=\"header header-2\">Dividends on ordinary share capital </div><p>Dividends on ordinary shares are recognised as a liability and recognised in equity when they are approved by a.s.r.\u2019s shareholders. Interim dividends are recognised in equity when they are paid. </p><p>Dividends for the year that are approved after the reporting date are treated as an event after the reporting date. </p><div class=\"header header-2\">Discretionary interest on other equity instruments </div><p>Discretionary interest on other equity instruments is recognised in equity upon payment. The related income tax on these equity instruments is recognised in the income statement. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8532": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294803\"><span class=\"title-text\">U. Financing </span></h1><p>Financing includes savings deposits, borrowings, due to customers, due to banks, subordinated liabilities and other financial liabilities. On initial recognition, debt instruments and other loans are stated at fair value, net of transaction costs incurred. Subsequent valuation is at amortised cost. Any difference between the proceeds and the redemption value is recognised in the income statement over the period of the borrowings using the effective interest method. Lease liabilities are included under borrowings and measured in accordance with accounting policy <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8535": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294803\"><span class=\"title-text\">U. Financing </span></h1><p>Financing includes savings deposits, borrowings, due to customers, due to banks, subordinated liabilities and other financial liabilities. On initial recognition, debt instruments and other loans are stated at fair value, net of transaction costs incurred. Subsequent valuation is at amortised cost. Any difference between the proceeds and the redemption value is recognised in the income statement over the period of the borrowings using the effective interest method. Lease liabilities are included under borrowings and measured in accordance with accounting policy <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8538": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294820\"><span class=\"title-text\">V. Leasing </span></h1><p>A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for a consideration. For contracts that contain a lease component and one or more additional lease or non-lease components a.s.r. applies the practical expedient not to separate non-lease components from lease components. </p><p>At the commencement date of the lease, a.s.r. recognises a right-of-use asset and a lease liability. The right-of-use asset comprises the amount of the lease liability at initial measurement. The lease liability is measured at the present value of the lease payments that are not paid at the commencement date. For vehicles, the lease payments are discounted using the interest rate implicit in the lease. For other leases a.s.r.\u2019s incremental borrowing rate is used. </p><p>Subsequently, the right-of-use asset is valued at cost less any cumulated depreciation and any accumulated impairment losses and adjusted for any remeasurement of the lease liability. The lease liability is increased with interest accrued and reduced for lease payments made. When applicable the lease liability is remeasured for changes in future payments resulting from a change in index or lease term. </p><p>The right-of-use assets are presented under property, plant and equipment. The lease liabilities are presented under borrowings. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8540": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294835\"><span class=\"title-text\">W1. Insurance contract revenue </span></h1><p>Insurance contract revenue excludes any investment components and is measured as follows. </p><div class=\"header header-2\">Insurance contract revenue \u2013 contracts measured under the GMM or VFA </div><p>a.s.r. recognises insurance contract revenue as it satisfies its performance obligations \u2013 i.e. as it provides coverage or other services required due to groups of insurance contracts. </p><p>For contracts measured under the GMM or VFA, the insurance contract revenue relating to services provided for each period represents the total of the changes in the liability for remaining coverage that relate to services for which a.s.r. expects to receive consideration. </p><p>Insurance contract revenue consists of the sum of the changes in the liability for remaining coverage due to: </p><ul><li><p>The insurance service expenses incurred in the period measured at the amounts expected at the beginning of the period, excluding: <br/>\u2013 Amounts allocated to the loss component; <br/>\u2013 Repayments of investment components; <br/>\u2013 Amounts that relate to transaction-based taxes collected on behalf of third parties; <br/>\u2013 Insurance acquisition expenses; and <br/>\u2013 Amounts relating to risk adjustment for non-financial risk. </p></li><li><p>The change in the risk adjustment for non-financial risk, excluding: <br/>\u2013 Changes that relate to future service that adjust the CSM; and <br/>\u2013 Amounts allocated to the loss component. </p></li><li><p>The amount of CSM for the services provided in the period; </p></li><li><p>In addition, a.s.r. allocates a portion of premiums that relate to recovering insurance acquisition cash flows to each period in a systematic way based on the passage of time. a.s.r. recognises the allocated amount as insurance contracts revenue and an equal amount as insurance service expenses. </p></li></ul><p>The amount of the CSM of a group of insurance contracts that is recognised as insurance contract revenue in each reporting period is generally determined by considering the quantity of benefits provided from the services per insurance contract and allocating the CSM per insurance contract remaining at the end of the reporting period (before any allocation) equally to the services provided in the reporting period and expected to be provided in future periods. </p><p>Per group of contracts, in accordance with the level of aggregation criteria, the CSM is subsequently released, considering each individual contract, to the current coverage period and to future coverage periods in which the insurance contract service is expected to be provided (considering expected contract terms and survivor, lapse and death assumptions). </p><div class=\"header header-2\">Insurance contract revenue \u2013 contracts measured under the PAA </div><p>For contracts measured under the PAA, the insurance contract revenue for each period is the amount of expected premium receipts for providing coverage in the period. a.s.r. allocates the expected premium receipts to each period on the basis of the passage of time. </p><div class=\"header header-2\">Allocation of reinsurance premiums paid </div><p>a.s.r. allocates reinsurers premiums paid as it receives coverage or other services under groups of reinsurance contracts. For contracts measured under the GMM the allocation of reinsurance premiums paid relating to services received for each reporting period represents the total of the changes in the remaining coverage component that relate to services for which a.s.r. expects to pay consideration. </p><p>For contracts measured under the PAA, the allocation of reinsurance premiums paid for each period is the amount of expected premium payments for receiving coverage in the period. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294909\"><span class=\"title-text\">W3. Investment income </span></h1><p>Investment income comprises the direct investment income such as interest income on financial assets, dividends received, rental income from investment property and other direct investment income. Fair value gains and losses includes the net gains on financial assets at FVTPL, net gains on derecognition of financial assets and liabilities at amortised cost and fair value gains on investment property. </p><div class=\"header header-2\">Interest income </div><p>Interest income for all interest-bearing instruments includes coupons earned on fixed income instruments and is recognised on an accrual basis. Transaction costs attributable to the acquisition of debt securities at fair value through profit or loss are immediately recognised in the income statement. </p><p>When unpaid interest has accrued before the acquisition of an interest-bearing investment, the subsequent receipt of interest is allocated between pre-acquisition and post-acquisition periods; only the post-acquisition portion is recognised as revenue. The pre-acquisition interest is part of the consideration paid. </p><div class=\"header header-3\">Interest rate swaps </div><p>When the two legs of an interest rate swap are settled gross, interest paid and interest received on these swap are not offset. Gross settlement means that both legs of the swap are settled separately: one party receives interest and the other party pays interest. The net amount depends on the market interest rate. Interest received is accounted for as direct investment income, interest paid is accounted for as other finance expense. </p><div class=\"header header-2\">Impairments </div><p>When a receivable is impaired, a lifetime expected credit loss (ECL) is recognised and interest income is calculated on the net carrying amount (that is the gross carrying amount less credit allowance). </p><div class=\"header header-2\">Dividends </div><p>Dividend income is recognised in the income statement when a right to receive payment is established. </p><div class=\"header header-2\">Rental income </div><p>Rental income from investment property is allocated to the period to which they relate. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294863\"><span class=\"title-text\">W4. Insurance finance income and expenses </span></h1><p>Insurance finance income and expenses comprise changes in the carrying amounts of groups of insurance and reinsurance contracts, measured through GMM and PAA, arising from the effects of the time value of money, financial risk and changes therein. For direct participating insurance contracts (VFA) the change in the fair value of the underlying items is included in the insurance finance income and expenses. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8541": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294849\"><span class=\"title-text\">W2. Insurance service expenses </span></h1><p>Insurance service expenses arising from insurance contracts are recognised in the income statement generally as they are incurred. They comprise the following items: </p><ul><li><p>Claims and benefits <br/>- Incurred claims and benefits; <br/>- Losses and reversal of losses on onerous contracts; <br/>- Adjustment of the liabilities for incurred claims and benefits that do not arise from the effects of the time value of money, financial risk and changes therein; </p></li><li><p>Insurance service operating expenses <br/>- Attributable insurance service operating expenses; <br/>- Acquisition costs when incurred for insurance contracts measured under the PAA; and <br/>- Amortisation of insurance acquisition cash flows for contracts not measured under the PAA. </p></li></ul><div class=\"header header-3\">Loss components </div><p>a.s.r. establishes a loss component of the liability for remaining coverage for onerous groups of insurance contracts. The loss component determines the amounts of fulfilment cash flows that are subsequently presented in the income statement as reversals of losses on onerous contracts and are excluded from insurance contract revenue when they occur. When the fulfilment cash flows occur, they are allocated between the loss component and the liability for remaining coverage excluding the loss component on a systematic basis. </p><p>The systematic basis is determined by the proportion of the loss component relative to the total estimate of the present value of the future cash outflows plus the risk adjustment for non-financial risk at the beginning of each period (or on initial recognition if a group of contracts is initially recognised in the period). </p><p>Decreases in fulfilment cash flows relating to future services or increases in a.s.r.\u2019s share of the fair value of any underlying items are allocated solely to the loss component. If the loss component is reduced to zero, then any excess over the amount allocated to the loss component creates a new CSM for the group of contracts. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294863\"><span class=\"title-text\">W4. Insurance finance income and expenses </span></h1><p>Insurance finance income and expenses comprise changes in the carrying amounts of groups of insurance and reinsurance contracts, measured through GMM and PAA, arising from the effects of the time value of money, financial risk and changes therein. For direct participating insurance contracts (VFA) the change in the fair value of the underlying items is included in the insurance finance income and expenses. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8543": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294909\"><span class=\"title-text\">W3. Investment income </span></h1><p>Investment income comprises the direct investment income such as interest income on financial assets, dividends received, rental income from investment property and other direct investment income. Fair value gains and losses includes the net gains on financial assets at FVTPL, net gains on derecognition of financial assets and liabilities at amortised cost and fair value gains on investment property. </p><div class=\"header header-2\">Interest income </div><p>Interest income for all interest-bearing instruments includes coupons earned on fixed income instruments and is recognised on an accrual basis. Transaction costs attributable to the acquisition of debt securities at fair value through profit or loss are immediately recognised in the income statement. </p><p>When unpaid interest has accrued before the acquisition of an interest-bearing investment, the subsequent receipt of interest is allocated between pre-acquisition and post-acquisition periods; only the post-acquisition portion is recognised as revenue. The pre-acquisition interest is part of the consideration paid. </p><div class=\"header header-3\">Interest rate swaps </div><p>When the two legs of an interest rate swap are settled gross, interest paid and interest received on these swap are not offset. Gross settlement means that both legs of the swap are settled separately: one party receives interest and the other party pays interest. The net amount depends on the market interest rate. Interest received is accounted for as direct investment income, interest paid is accounted for as other finance expense. </p><div class=\"header header-2\">Impairments </div><p>When a receivable is impaired, a lifetime expected credit loss (ECL) is recognised and interest income is calculated on the net carrying amount (that is the gross carrying amount less credit allowance). </p><div class=\"header header-2\">Dividends </div><p>Dividend income is recognised in the income statement when a right to receive payment is established. </p><div class=\"header header-2\">Rental income </div><p>Rental income from investment property is allocated to the period to which they relate. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8544": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294909\"><span class=\"title-text\">W3. Investment income </span></h1><p>Investment income comprises the direct investment income such as interest income on financial assets, dividends received, rental income from investment property and other direct investment income. Fair value gains and losses includes the net gains on financial assets at FVTPL, net gains on derecognition of financial assets and liabilities at amortised cost and fair value gains on investment property. </p><div class=\"header header-2\">Interest income </div><p>Interest income for all interest-bearing instruments includes coupons earned on fixed income instruments and is recognised on an accrual basis. Transaction costs attributable to the acquisition of debt securities at fair value through profit or loss are immediately recognised in the income statement. </p><p>When unpaid interest has accrued before the acquisition of an interest-bearing investment, the subsequent receipt of interest is allocated between pre-acquisition and post-acquisition periods; only the post-acquisition portion is recognised as revenue. The pre-acquisition interest is part of the consideration paid. </p><div class=\"header header-3\">Interest rate swaps </div><p>When the two legs of an interest rate swap are settled gross, interest paid and interest received on these swap are not offset. Gross settlement means that both legs of the swap are settled separately: one party receives interest and the other party pays interest. The net amount depends on the market interest rate. Interest received is accounted for as direct investment income, interest paid is accounted for as other finance expense. </p><div class=\"header header-2\">Impairments </div><p>When a receivable is impaired, a lifetime expected credit loss (ECL) is recognised and interest income is calculated on the net carrying amount (that is the gross carrying amount less credit allowance). </p><div class=\"header header-2\">Dividends </div><p>Dividend income is recognised in the income statement when a right to receive payment is established. </p><div class=\"header header-2\">Rental income </div><p>Rental income from investment property is allocated to the period to which they relate. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294863\"><span class=\"title-text\">W4. Insurance finance income and expenses </span></h1><p>Insurance finance income and expenses comprise changes in the carrying amounts of groups of insurance and reinsurance contracts, measured through GMM and PAA, arising from the effects of the time value of money, financial risk and changes therein. For direct participating insurance contracts (VFA) the change in the fair value of the underlying items is included in the insurance finance income and expenses. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8546": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294909\"><span class=\"title-text\">W3. Investment income </span></h1><p>Investment income comprises the direct investment income such as interest income on financial assets, dividends received, rental income from investment property and other direct investment income. Fair value gains and losses includes the net gains on financial assets at FVTPL, net gains on derecognition of financial assets and liabilities at amortised cost and fair value gains on investment property. </p><div class=\"header header-2\">Interest income </div><p>Interest income for all interest-bearing instruments includes coupons earned on fixed income instruments and is recognised on an accrual basis. Transaction costs attributable to the acquisition of debt securities at fair value through profit or loss are immediately recognised in the income statement. </p><p>When unpaid interest has accrued before the acquisition of an interest-bearing investment, the subsequent receipt of interest is allocated between pre-acquisition and post-acquisition periods; only the post-acquisition portion is recognised as revenue. The pre-acquisition interest is part of the consideration paid. </p><div class=\"header header-3\">Interest rate swaps </div><p>When the two legs of an interest rate swap are settled gross, interest paid and interest received on these swap are not offset. Gross settlement means that both legs of the swap are settled separately: one party receives interest and the other party pays interest. The net amount depends on the market interest rate. Interest received is accounted for as direct investment income, interest paid is accounted for as other finance expense. </p><div class=\"header header-2\">Impairments </div><p>When a receivable is impaired, a lifetime expected credit loss (ECL) is recognised and interest income is calculated on the net carrying amount (that is the gross carrying amount less credit allowance). </p><div class=\"header header-2\">Dividends </div><p>Dividend income is recognised in the income statement when a right to receive payment is established. </p><div class=\"header header-2\">Rental income </div><p>Rental income from investment property is allocated to the period to which they relate. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8552": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296312\"><span class=\"number\">7.4.1 </span><span class=\"title-text\">Group structure </span></h1><p>The Group comprises a number of operating and holding companies. Except where indicated, a.s.r. is 100% shareholder of these companies. </p><div class=\"figure-container\" style=\"width:100%\"><img alt=\"\" class=\"figure\" src=\"resources/124.png\" style=\"--tan-image-percentage:100\"/></div><div class=\"tanPageBreak newPage\"></div><div class=\"header header-1\">Segment information </div><p>See accounting policy <a href=\"#n4294655\" title=\"L. Segment information\">L </a></p><p>The operations of a.s.r. have been divided into five operating segments (2024: five). The main segments are the Non-life and Life segment in which all insurance activities are presented. The other activities are presented as three separate segments being Asset Management, Distribution and Services and Holding and Other. </p><p>Intersegment transactions or transfers are concluded at arm's length conditions. </p><p>See <a href=\"#n4295242\" title=\"List of principal group companies\">section 7.7.9 List of principal group companies</a> for a list of principal group companies and associates in the relevant segments. </p><p>In January 2025 Aegon Cappital B.V. legally merged with ASR Premiepensioeninstelling N.V., after which the former ceased to exist. </p><p>The a.s.r. segment reporting shows the financial performance of each segment. The purpose is to allocate all items in the balance sheet and income statement to the segments that hold full management responsibility for them. </p><p>The eliminations applied in the reconciliation of the segment information to the consolidated balance sheet and the consolidated income statement are separately presented in <a href=\"#n4296336\" title=\"Segmented balance sheet\">sections 7.4.2</a> and <a href=\"#n4296349\" title=\"Segmented income statement and operating result\">7.4.3</a>. </p><p>The segments are assessed on their operating result as defined in <a href=\"#n4295529\" title=\"Operating result\">section 7.10</a>. </p><div class=\"tanPageBreak start-node\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4296336\"><span class=\"number\">7.4.2 </span><span class=\"title-text\">Segmented balance sheet </span></h1><h3 class=\"table-title\">Segmented balance sheet </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>As at 31 December 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset Management </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Distribution and Services </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Holding and Other </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Eliminations </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">64 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">104 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">621 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">805 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">529 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">102 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">253 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-207 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">678 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,183 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,220 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">408 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11,065 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">66,184 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,606 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">241 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-970 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">79,141 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investments related to direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33,302 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33,302 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">169 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,277 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">458 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,905 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred tax assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">612 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-585 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">36 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance contract assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">206 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">146 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">351 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">465 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,744 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">236 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,818 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,993 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,596 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and cash equivalents </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">188 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,345 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">331 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">191 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">654 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,709 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>12,148 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>125,757 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,832 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,175 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,995 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-7,756 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>142,151 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity attributable to holders of equity instruments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,115 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7,046 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">466 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">655 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,158 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,111 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-controlling interests </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total equity </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,115 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,046 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>466 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>658 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,149 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-12 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,124 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,503 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,503 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,352 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57,652 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,692 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">63,312 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Liabilities arising from direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">40,773 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,724 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38,049 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,810 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,810 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Provisions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">60 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">121 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,168 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,913 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">294 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,070 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,145 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,301 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">356 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,698 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">399 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,453 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred tax liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">219 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">358 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-579 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,267 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">821 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,110 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">73 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,092 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">234 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">218 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">346 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-594 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,369 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>9,033 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>118,711 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,367 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>517 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,143 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-7,743 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>132,027 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total equity and liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>12,148 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>125,757 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,832 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,175 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,995 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-7,756 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>142,151 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Addition to </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">282 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">284 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">73 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">81 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total additions </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>355 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-8 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>365 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Segmented balance sheet </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>As at 31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset Management </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Distribution and Services </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Holding and Other </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Eliminations </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">97 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">362 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">592 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">584 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">40 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">257 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-206 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">676 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,301 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,364 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">362 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">86 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">457 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,284 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">68,295 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">19 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">431 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,068 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">80,593 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investments related to direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">33,025 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">33,025 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,369 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">247 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,767 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred tax assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">739 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-646 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance contract assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">283 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">208 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">491 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">460 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,417 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">427 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">226 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,409 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6,615 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,323 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and cash equivalents </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">387 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,589 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">329 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">114 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">774 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,194 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,660 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>122,989 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,740 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>770 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,958 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-8,536 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,582 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity attributable to holders of equity instruments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,099 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7,260 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">432 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">373 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,303 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-21 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,840 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-controlling interests </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">47 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total equity </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,106 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,303 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>432 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>376 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,308 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-21 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>9,888 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">95 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,007 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-95 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,007 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7,755 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">59,269 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,824 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64,200 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Liabilities arising from direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">41,331 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,966 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">38,366 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,036 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,037 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Provisions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">327 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">79 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">413 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">680 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,278 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">225 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,097 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,153 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,135 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">322 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,085 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">259 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred tax liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">197 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">441 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-642 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,829 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">674 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,550 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">130 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,165 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">97 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">605 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-836 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,322 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,554 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>115,686 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,308 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>395 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>9,266 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-8,515 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>128,694 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total equity and liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,660 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>122,989 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,740 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>770 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,958 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-8,536 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138,582 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Additions to </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">17 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">19 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">26 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total additions </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>34 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>43 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak start-node\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4296349\"><span class=\"number\">7.4.3 </span><span class=\"title-text\">Segmented income statement and operating result </span></h1><h3 class=\"table-title\">Segmented income statement and operating result </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Non-life </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Life </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Asset Management </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Distribution and Services </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Holding and Other </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Eliminations </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,937 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,641 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-254 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,324 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><i>Incurred claims and benefits </i></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><i>-4,562 </i></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><i>-3,765 </i></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><i>211 </i></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><i>-8,117 </i></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><i>Insurance service operating expenses </i></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><i>-1,071 </i></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><i>-288 </i></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><i>-1,359 </i></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,633 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,053 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">211 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9,475 </td></tr><tr class=\"cBold cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result before reinsurance </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>304 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>588 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-43 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>849 </b></td></tr><tr class=\"cBold cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-48 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-53 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-102 </b></td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>256 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>535 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-43 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>747 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">493 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,060 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">299 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-39 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,838 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-166 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,913 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,093 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance and reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-156 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,883 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-225 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,502 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-194 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,322 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-266 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-551 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">312 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6,029 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-20 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-182 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-127 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">118 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-215 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment and finance result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-43 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>526 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-110 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-527 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>161 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Share of result of associates and joint ventures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fee income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">77 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">343 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">468 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-308 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">589 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">92 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">189 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>28 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>177 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>343 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>481 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>96 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-317 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>808 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-52 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-196 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-155 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-421 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-257 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">217 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-864 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other income and expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-24 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-19 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>188 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>60 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-162 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-100 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-56 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>188 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,042 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>78 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>59 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-689 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>696 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Income tax (expense) / gain </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-51 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-255 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-23 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">216 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-131 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>138 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>787 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>55 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>46 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-473 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>13 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>565 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Attributable to: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-controlling interests </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Shareholders of the parent </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">138 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">786 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-561 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">476 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Holders of other equity instruments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">73 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">73 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result attributable to holders of equity instruments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>138 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>786 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>55 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>44 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-488 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>13 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>548 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><p>a.s.r. decided to use the \u2018look-through\u2019 approach on a group level when calculating the CSM, representing all income and expenses of the Group related to insurance contracts. As a result the services of a.s.r. asset management related to insurance contracts measured under the variable fee approach are reflected in the insurance service result of the segment Life, as well as the segment Asset management, and subsequently reversed in \u2018other income and other expenses\u2019 within the segment Life. a.s.r. considers this to be a true and fair view. It reflects the measure reported to the Executive Board, as chief operating decision maker, for the purpose of making decisions about allocating resources to the segment and assessing its performance. </p><h3 class=\"table-title\">Operating result </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Non-life </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Life </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Asset Management </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Distribution and Services </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Holding and Other </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Eliminations </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax from continuing operations </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>188 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,042 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>78 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>59 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-689 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>696 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Minus adjustments related to the insurance service result </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-71 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">81 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-43 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Minus adjustments related to the investment and finance result </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-197 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-255 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-334 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">39 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-762 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Minus adjustments related to the other result </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-43 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-51 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-146 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Operating result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>474 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,259 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>120 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>66 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-304 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>22 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,637 </b></td></tr></tbody></table><br/><p>In 2025, adjustments related to the insurance service result (<span style=\"white-space:nowrap;\">\u20ac\u00a0-34 million</span>) consist mainly of the amortisation of pre-recognition interest rate hedged developments prior to the initial CSM recognition (<span style=\"white-space:nowrap;\">\u20ac\u00a0-16 million</span>) and the non-economic assumption update for inflation in the liability for incurred claims of Disability (<span style=\"white-space:nowrap;\">\u20ac\u00a0-9 million</span>), a charge related to interest accretion on provisions for undercoverage of separate accounts (<span style=\"white-space:nowrap;\">\u20ac\u00a0-8 million</span>) and expenses for regulatory pension reform (<span style=\"white-space:nowrap;\">\u20ac\u00a0-6 million</span>).These were partly offset by changes to future services on onerous contracts (<span style=\"white-space:nowrap;\">\u20ac\u00a011 million of which\u00a0<span style=\"white-space:nowrap;\">\u20ac\u00a0-46 million</span>\u00a0in Non-Life and <span style=\"white-space:nowrap;\">\u20ac\u00a057 million</span>\u00a0in Life)</span>, mainly due to updates of assumptions on disability, mortality and surrender). </p><p>Adjustments related to the investment and finance result (<span style=\"white-space:nowrap;\">\u20ac\u00a0-762 million</span>) were mostly driven by revaluations with a negative P&amp;L impact due to increasing interest rates and a steepening of the curve, partly offset by positive real estate revaluations. </p><p>Adjustments related to the other result (<span style=\"white-space:nowrap;\">\u20ac\u00a0-146 million</span>) consist of costs for integration of the Aegon NL business lines (<span style=\"white-space:nowrap;\">\u20ac\u00a0-88 million</span>) charged to the Holding, project costs for the regulatory pension reform and CSRD, project costs for the implementation of the PIM of a.s.r. life, amortisations of intangible assets recognised in earlier acquisitions (<span style=\"white-space:nowrap;\">\u20ac\u00a0-71 million</span>)and a derecognition gain on the earlier 45% share in HumanTotalCare and on the sale of some participations in Distribution and Services (<span style=\"white-space:nowrap;\">\u20ac\u00a035 million</span>). </p><p>For more information including an explanation of the  definition, see <a href=\"#n4295529\" title=\"Operating result\">section 7.10</a>. </p><p>For more information on impairements on segment reporting refer to the below table: </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Non-life </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Life </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Asset Management </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Distribution and Services </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Holding and Other </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Eliminations </th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairment </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairment </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairment </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr class=\"cBold cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total Impairments </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Impairment </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-6 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-10 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-3 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-24 </b></td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Reversal </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-0 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-6 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-10 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-3 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-18 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Segmented income statement and operating result </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Non-life </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Life </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Asset Management </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Distribution and Services </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Holding and Other </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Eliminations </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Continuing operations </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,614 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,241 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-254 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,601 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><i>Incurred claims and benefits </i></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-4,168 </i></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-3,402 </i></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>211 </i></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-7,359 </i></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><i>Insurance service operating expenses </i></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-1,061 </i></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-290 </i></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><i>- </i></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>-1,350 </i></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5,229 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,692 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">211 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8,710 </td></tr><tr class=\"cBold cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result before reinsurance </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>385 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>550 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-44 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>891 </b></td></tr><tr class=\"cBold cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-43 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-58 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-101 </b></td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>342 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>491 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-44 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>790 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">485 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,643 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">219 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">220 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-224 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,351 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">203 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,277 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,459 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance and reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5,751 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">281 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5,733 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-218 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,380 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-166 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-236 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-23 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,031 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-168 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-118 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">99 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-205 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment and finance result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>190 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>620 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-92 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-15 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>138 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>842 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Share of result of associates and joint ventures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">21 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fee income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">73 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">377 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-267 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">518 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">107 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>22 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>166 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>325 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>390 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>27 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-277 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>653 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-51 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-126 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-161 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-374 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-277 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">168 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-821 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other income and expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-29 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>40 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>164 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-250 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-109 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-168 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>504 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,151 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>72 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-265 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-15 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,464 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Income tax (expense) / gain </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-127 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-305 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-387 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result after tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>377 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>846 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>54 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-193 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-11 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,077 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Discontinued operations </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Result after tax from discontinued operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-131 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-121 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>377 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>846 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>54 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-324 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>956 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Attributable to: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-controlling interests </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Shareholders of the parent </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">377 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">848 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">54 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-386 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">895 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Holders of other equity instruments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result attributable to holders of equity instruments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>377 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>848 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>54 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-323 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>958 </b></td></tr></tbody></table><br/><p>The results from discontinued operations in relation to Knab, including the loss as a result of the sale, is recognised in segment Holding and Other. </p><h3 class=\"table-title\">Operating result </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Non-life </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Life </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Asset Management </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Distribution and Services </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Holding and Other </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Eliminations </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax from continuing operations </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>504 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,151 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>72 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-265 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-15 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,464 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Minus adjustments related to the insurance service result </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-33 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-44 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Minus adjustments related to the investment and finance result </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">48 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">145 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">173 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Minus adjustments related to the other result </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-33 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-128 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-158 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Operating result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>505 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,076 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>50 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-283 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>15 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,463 </b></td></tr></tbody></table><br/><p>In 2024, adjustments related to the insurance service result (<span style=\"white-space:nowrap;\">\u20ac\u00a0-14 million</span>) mainly consist of the non-economic assumption update for inflation in the liability of incurred claims of Disability (<span style=\"white-space:nowrap;\">\u20ac\u00a0-25 million</span>) and the amortisation of pre-recognition interest rate hedged developments prior to the initial CSM recognition (<span style=\"white-space:nowrap;\">\u20ac\u00a0-18 million</span>). This was partly offset by changes to future services on onerous contracts (<span style=\"white-space:nowrap;\">\u20ac\u00a039 million</span>, mostly reflecting synergies in expense provisioning). </p><p>Adjustments related to the investment and finance result (<span style=\"white-space:nowrap;\">\u20ac\u00a0173 million</span>) were mainly related to revaluations due to market developments to arrive at normalised investment returns in the operating result. </p><p>Adjustments related to the other result (<span style=\"white-space:nowrap;\">\u20ac\u00a0-158 million</span>) consist of costs for integration of the Aegon NL business lines, charged to the Holding, project costs for the regulatory pension reform and CSRD implementation, project costs for the implementation of a PIM and amortisations of intangible assets defined in earlier acquisitions. </p><p>Operating result is an alternative performance measure; for more information see <a href=\"#n4295529\" title=\"Operating result\">section 7.10</a>. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Non-life </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Life </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Asset Management </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Distribution and Services </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Holding and Other </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Eliminations </th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairment </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairment </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBold cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total Impairments </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Impairment </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-right-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3 </b></td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Reversal </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4296388\"><span class=\"number\">7.4.4 </span><span class=\"title-text\">Non-life ratios </span></h1><p>The combined ratio including the claims, commission and expense ratios is an alternative performance measure and is not a measure of financial performance under IFRS. Because it is not determined in accordance with IFRS, these ratios as presented by a.s.r. may not be comparable to other similarly titled measures of performance of other companies. </p><h3 class=\"table-title\">Non-life combined ratio </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:17%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Claims ratio </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75.7% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">73.9% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Commission ratio </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12.6% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12.7% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expense ratio </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6.0% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6.5% </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Combined ratio </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>94.3% </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>93.2% </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Non-life combined ratio per business line </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:17%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property &amp; Casualty (P&amp;C) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">90.4% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">90.7% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disability </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">94.2% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">91.2% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">P&amp;C and Disability </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">92.2% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">90.9% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Health </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">99.1% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">99.1% </td></tr></tbody></table><br/><p>The claims, commission and expense ratios can be calculated based on the following information: </p><h3 class=\"table-title\">Claims, commission and expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:17%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,937 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,614 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Allocation of reinsurance premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-195 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-130 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Adjustment to the insurance contract revenue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net insurance contract revenue </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,755 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,500 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,562 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,168 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recoverable from reinsurers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">147 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">87 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Adjustment to the insurance claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">58 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Adjusted net insurance claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,064 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,071 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,061 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Of which: Incurred commission expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-725 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-701 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses excluding incurred commission expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-346 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-360 </b></td></tr></tbody></table><br/><p>The Non-life combined ratio indicates the insurance related profitability of a non-life insurance contract. To measure the Non-life combined ratio, the insurance service expenses are divided by the insurance contract revenue, considering the operating result definition of those items (see <a href=\"#n4296349\" title=\"Segmented income statement and operating result\">sections 7.4.3</a> and <a href=\"#n4295529\" title=\"Operating result\">7.10</a>).  <br/></p><p>In 2025, the adjustment to the net insurance contract revenue (<span style=\"white-space:nowrap;\">\u20ac\u00a013 million</span>) relates to the impact on the CSM of hedging for pre-recognition interest rate movements. The adjustments to the insurance claims and benefits (<span style=\"white-space:nowrap;\">\u20ac\u00a058 million</span>) consist of <span style=\"white-space:nowrap;\">\u20ac\u00a09 million</span> impact of changes of inflation on the liability for incurred claims, <span style=\"white-space:nowrap;\">\u20ac\u00a046\u00a0million</span> related to changes to future services on onerous contracts and <span style=\"white-space:nowrap;\">\u20ac\u00a03 million</span> impact on the loss component of hedging for pre-recognition interest rate movements. </p><p>In 2024, the adjustment to the net insurance contract revenue (<span style=\"white-space:nowrap;\">\u20ac\u00a017 million</span>) relates to the impact on the CSM of hedging for pre-recognition interest rate movements. The adjustments to the insurance claims and benefits (<span style=\"white-space:nowrap;\">\u20ac\u00a017 million</span>) consist of <span style=\"white-space:nowrap;\">\u20ac\u00a025 million</span> impact of changes of inflation on the liability for incurred claims, <span style=\"white-space:nowrap;\">\u20ac\u00a0-9 million</span> related to changes to future services on onerous contracts and <span style=\"white-space:nowrap;\">\u20ac\u00a01 million</span> impact on the loss component of hedging for pre-recognition interest rate movements. </p><h1 class=\"S_PARAGRAPH\" id=\"n4295242\"><span class=\"number\">7.7.9 </span><span class=\"title-text\">List of principal group companies </span></h1><h3 class=\"table-title\">List of principal group companies </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Company </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Equity interest </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Rate of control </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Seat </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Segment </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">ASR Aanvullende Ziektekostenverzekeringen N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Basis Ziektekostenverzekeringen N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Schadeverzekering N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Wlz-uitvoerder B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Ziektekostenverzekeringen N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Levensverzekering N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Utrecht Real Estate Investments Netherlands B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Premiepensioeninstelling N.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Aegon Levensverzekering N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Aegon Spaarkas N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Aegon DL B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Home Free Nederland B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zeist </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Orcinus 2023 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Delphinus 2023-I B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Delphinus 2025-I B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">SAECURE 17 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">SAECURE 20 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">SAECURE 21 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">SAECURE 22 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Aegon Hypotheken Financiering B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Aegon Hypotheken Prefunding B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Hypotheken Prefunding 2 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Administratieve Dienstverlening B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Real Estate B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3</sup><sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">4 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Vermogensbeheer N.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3</sup><sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">4 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Aegon Hypotheken B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">dRA Exploitatie B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Lochem </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">BSB Assuranti\u00ebn B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">85.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">85.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Geleen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Anac Backoffice B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Eindhoven </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Vitaliteit &amp; Preventieve Diensten B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Assurantiekantoor Lodewijk B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Wezep </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Boval Assuranti\u00ebn B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Corins B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr></tbody></table><ol class=\"footnotes width-100\"><li> Registered insurance companies </li><li> These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued. </li><li> Other Wft registered companies </li><li> These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued. </li></ol><br/><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Company </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Equity interest </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Rate of control </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Seat </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Segment </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dutch ID B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Felison Assuradeuren B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Van Helvoort Assuradeuren B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Gemert </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Van Helvoort Registermakelaars in Assuranti\u00ebn B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Gemert </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">PoliService B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Hardinxveld-Giessendam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Supergarant Verzekeringen B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Leidschendam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Van Kampen Geld B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Hoorn </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Van Kampen Groep Holding B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Hoorn </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ZZP Nederland Verzekeringen B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Groningen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">D&amp;S Holding B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">D&amp;S Participaties B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Advies van a.s.r. B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Aegon Bemiddeling B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Groep B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Arbo B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zaandam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Risk Consulting B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zaanstad </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Services B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zaanstad </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Solutions B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zaanstad </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Bronkhorst Bedrijfskompas B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Putten </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">NIPED Prevention B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Nedasco B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amersfoort </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">GHW Assurantiegroep B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Nijmegen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Bastiaens &amp; Cox B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Venlo </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">De Regt Adviesgroep B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">TKP Pensioen B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Groningen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">HumanTouch Holding B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Son en Breugel </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">HumanTotalCare B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Eindhoven </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">HumanCapitalCare B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Eindhoven </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ArboNed B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Mensely B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Eindhoven </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Pensioen Gilde B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Emmen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASAM N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-top startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:top;\">100.00 </td><td class=\"valign-top startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:top;\">100.00 </td><td class=\"valign-top startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:top;\">Utrecht </td><td class=\"valign-top startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:top;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Betalingscentrum B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Deelnemingen N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Nederland N.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Service Maatschappij N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Rotterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Real Estate Development B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Vooruit B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Aegon Administratie B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Servicemaatschappij \"De Hoofdpoort\" N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr></tbody></table><ol class=\"footnotes width-100\"><li> Other Wft registered companies </li><li> These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued. </li></ol><br/><p>The principal group companies are located in the Netherlands. For notes to equity interests in associates and joint ventures, see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. The list of equity interests which are required under Sections 379 and 414, Book 2 of the Dutch Civil Code has been filed with the Trade Register of the Chamber of Commerce in Utrecht. </p><p>The statements of joint and several liability under section 403, Book 2 of the Dutch Civil Code for Obra Services B.V., Robidus Risk Consulting B.V., Robidus Services B.V. and Robidus Solutions B.V. have all been issued by Robidus Groep B.V. All other statement of joint and several liability in the list of principal group companies have been issued by a.s.r. Nederland N.V. </p><p>Certain structured entities, in which a.s.r. does not hold any shares, are consolidated. For more information on these structured entities, see <a href=\"#n4293782\" title=\"Borrowings\">section 7.5.17. </a></p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8553": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296312\"><span class=\"number\">7.4.1 </span><span class=\"title-text\">Group structure </span></h1><p>The Group comprises a number of operating and holding companies. Except where indicated, a.s.r. is 100% shareholder of these companies. </p><div class=\"figure-container\" style=\"width:100%\"><img alt=\"\" class=\"figure\" src=\"resources/124.png\" style=\"--tan-image-percentage:100\"/></div><div class=\"tanPageBreak newPage\"></div><div class=\"header header-1\">Segment information </div><p>See accounting policy <a href=\"#n4294655\" title=\"L. Segment information\">L </a></p><p>The operations of a.s.r. have been divided into five operating segments (2024: five). The main segments are the Non-life and Life segment in which all insurance activities are presented. The other activities are presented as three separate segments being Asset Management, Distribution and Services and Holding and Other. </p><p>Intersegment transactions or transfers are concluded at arm's length conditions. </p><p>See <a href=\"#n4295242\" title=\"List of principal group companies\">section 7.7.9 List of principal group companies</a> for a list of principal group companies and associates in the relevant segments. </p><p>In January 2025 Aegon Cappital B.V. legally merged with ASR Premiepensioeninstelling N.V., after which the former ceased to exist. </p><p>The a.s.r. segment reporting shows the financial performance of each segment. The purpose is to allocate all items in the balance sheet and income statement to the segments that hold full management responsibility for them. </p><p>The eliminations applied in the reconciliation of the segment information to the consolidated balance sheet and the consolidated income statement are separately presented in <a href=\"#n4296336\" title=\"Segmented balance sheet\">sections 7.4.2</a> and <a href=\"#n4296349\" title=\"Segmented income statement and operating result\">7.4.3</a>. </p><p>The segments are assessed on their operating result as defined in <a href=\"#n4295529\" title=\"Operating result\">section 7.10</a>. </p><h1 class=\"S_PARAGRAPH\" id=\"n4293938\"><span class=\"number\">7.5.4 </span><span class=\"title-text\">Associates and joint ventures </span></h1><p>See accounting policy <a href=\"#n4294734\" title=\"Q. Associates and joint ventures\">Q</a>. </p><h3 class=\"table-title\">Associates and joint ventures </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:0%;\"/><col style=\"width:18%;\"/><col style=\"width:18%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Interest </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At equity method </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Associates and joint ventures </td><td class=\"valign-top startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">ranging between 10 % and 50 % </td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">408 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">457 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At FVTPL </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Real estate equity funds </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:top;\">ranging between 25 % and 85 % </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">5,265 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:top;\">4,775 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other equity funds </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">ranging between 0 % and 20 % </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">913 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">553 </td></tr></tbody></table><br/><p>The associates and joint ventures at equity method (\u20ac\u00a0408 million; 2024: \u20ac\u00a0457 million) consists of \u20ac\u00a0226 million associates (2024 : \u20ac\u00a0292 million) and \u20ac\u00a0183 million joint ventures (2024: \u20ac\u00a0165 million). </p><p>The main associates at equity method are OB Capital Cooperatief U.A. and N.V. Levensverzekering-Maatschappij 'De Hoop'. </p><p>The joint ventures at equity method are the real estate companies Amvest Vastgoed B.V. and Amvest Development Fund B.V. </p><p>Per 1 October 2025, HumanTotalCare no longer qualifies as an investment in associates following the acquisition of the remaining 55% of the shares and is fully consolidated, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>The real estate equity funds consist of the ASR Dutch Mobility Office Fund (ASR DMOF), ASR Dutch Prime Retail Fund (ASR DPRF), ASR Dutch Core Residential Fund (ASR DCRF), ASR Dutch Farmland Fund (ASR DFLF), ASR Dutch Science Parc Fund (ASR DSPF), Amvest Residential Core Fund (Amvest RCF) and Amvest Living &amp; Care Fund (Amvest LCF). </p><p>During 2025, a.s.r. lost control of ASR DSPF as voting rights for a.s.r. are capped to 40% following a change in the fund agreement. For more information see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.3</a>. </p><p>The other equity funds consist of five (2024: five) equity funds managed by a.s.r. <br/><br/>The interests in these funds are classified and presented as an investment at FVTPL. For more information, see <a href=\"#n4293979\" title=\"Investments\">section 7.5.5</a> and <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><p>Investments in associates and joint ventures generally have a duration of more than one year after the balance sheet date. </p><h3 class=\"table-title\">Changes in associates and joint ventures at equity method </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">457 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">426 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Acquisition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-63 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Share of profit/(loss) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dividend </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-48 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>408 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>457 </b></td></tr></tbody></table><br/><p>Some participating interests in which a.s.r. has an interest of less than 20% qualify as associates, because a.s.r. has significant influence as a result of contractual agreements. a.s.r. also has interests of 50% or more in associates at FVTPL. a.s.r. has no control over these entities as the ability to direct the relevant activities is limited by contractual agreements and therefore does not consolidate these entities. </p><p>The information disclosed in the following tables is based on the most recent financial information available from the associates and joint ventures. This is primarily based on the investee's financial statements and their accounting policies. If these policies differ from a.s.r.'s accounting policies, carrying amounts in a.s.r.\u2019s consolidated financial statements have been changed to be in line with a.s.r.\u2019s policies. </p><h3 class=\"table-title\">Financial information available from the associates and joint ventures </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-5 align-right border-bottom-1 border-right-1 colspan-4 headrow\" colspan=\"4\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2025 </th><th class=\"valign-bottom startCol-6 endCol-9 align-right border-bottom-1 border-left-1 colspan-4 headrow\" colspan=\"4\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2024 </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Associates and joint ventures at equity method </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Real estate equity funds </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other equity funds </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Associates and joint ventures at equity method </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Real estate equity funds </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other equity funds </th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">736 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12,974 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11,327 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25,037 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">864 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,752 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,812 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">154 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,597 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,759 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">260 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,590 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,862 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">142 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">454 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">839 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,435 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">260 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">396 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,554 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,210 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Result from continuing operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,062 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">831 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,934 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">839 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,545 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,425 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,025 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">831 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,894 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">839 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,545 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,428 </td></tr></tbody></table><br/><p>The total assets of the real estate equity funds consist primarily of investment property, \u20ac\u00a012,408 million (2024: \u20ac\u00a011,287 million) and \u20ac\u00a011,245 million (2024: \u20ac\u00a09,750 million) of the total assets of the other equity funds consist of equities. </p><p>The interest in the real estate equity funds are as follows: </p><h3 class=\"table-title\">Investments in real estate equity funds </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:18%;\"/><col style=\"width:18%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DPRF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">587 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">588 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DCRF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,055 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,000 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DFLF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,904 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,748 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DMOF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">148 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">149 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DSPF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">168 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amvest RCF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,097 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,012 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amvest LCF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">278 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,265 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,775 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4295242\"><span class=\"number\">7.7.9 </span><span class=\"title-text\">List of principal group companies </span></h1><h3 class=\"table-title\">List of principal group companies </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Company </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Equity interest </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Rate of control </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Seat </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Segment </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">ASR Aanvullende Ziektekostenverzekeringen N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Basis Ziektekostenverzekeringen N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Schadeverzekering N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Wlz-uitvoerder B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Ziektekostenverzekeringen N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Levensverzekering N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Utrecht Real Estate Investments Netherlands B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Premiepensioeninstelling N.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Aegon Levensverzekering N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Aegon Spaarkas N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Aegon DL B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Home Free Nederland B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zeist </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Orcinus 2023 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Delphinus 2023-I B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Delphinus 2025-I B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">SAECURE 17 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">SAECURE 20 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">SAECURE 21 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">SAECURE 22 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Aegon Hypotheken Financiering B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Aegon Hypotheken Prefunding B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Hypotheken Prefunding 2 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Administratieve Dienstverlening B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Real Estate B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3</sup><sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">4 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Vermogensbeheer N.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3</sup><sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">4 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Aegon Hypotheken B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">dRA Exploitatie B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Lochem </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">BSB Assuranti\u00ebn B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">85.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">85.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Geleen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Anac Backoffice B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Eindhoven </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Vitaliteit &amp; Preventieve Diensten B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Assurantiekantoor Lodewijk B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Wezep </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Boval Assuranti\u00ebn B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Corins B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr></tbody></table><ol class=\"footnotes width-100\"><li> Registered insurance companies </li><li> These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued. </li><li> Other Wft registered companies </li><li> These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued. </li></ol><br/><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Company </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Equity interest </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Rate of control </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Seat </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Segment </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dutch ID B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Felison Assuradeuren B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Van Helvoort Assuradeuren B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Gemert </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Van Helvoort Registermakelaars in Assuranti\u00ebn B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Gemert </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">PoliService B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Hardinxveld-Giessendam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Supergarant Verzekeringen B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Leidschendam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Van Kampen Geld B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Hoorn </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Van Kampen Groep Holding B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Hoorn </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ZZP Nederland Verzekeringen B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Groningen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">D&amp;S Holding B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">D&amp;S Participaties B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Advies van a.s.r. B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Aegon Bemiddeling B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Groep B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Arbo B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zaandam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Risk Consulting B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zaanstad </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Services B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zaanstad </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Solutions B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zaanstad </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Bronkhorst Bedrijfskompas B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Putten </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">NIPED Prevention B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Nedasco B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amersfoort </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">GHW Assurantiegroep B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Nijmegen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Bastiaens &amp; Cox B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Venlo </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">De Regt Adviesgroep B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">TKP Pensioen B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Groningen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">HumanTouch Holding B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Son en Breugel </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">HumanTotalCare B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Eindhoven </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">HumanCapitalCare B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Eindhoven </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ArboNed B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Mensely B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Eindhoven </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Pensioen Gilde B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Emmen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASAM N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-top startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:top;\">100.00 </td><td class=\"valign-top startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:top;\">100.00 </td><td class=\"valign-top startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:top;\">Utrecht </td><td class=\"valign-top startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:top;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Betalingscentrum B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Deelnemingen N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Nederland N.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Service Maatschappij N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Rotterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Real Estate Development B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Vooruit B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Aegon Administratie B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Servicemaatschappij \"De Hoofdpoort\" N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr></tbody></table><ol class=\"footnotes width-100\"><li> Other Wft registered companies </li><li> These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued. </li></ol><br/><p>The principal group companies are located in the Netherlands. For notes to equity interests in associates and joint ventures, see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. The list of equity interests which are required under Sections 379 and 414, Book 2 of the Dutch Civil Code has been filed with the Trade Register of the Chamber of Commerce in Utrecht. </p><p>The statements of joint and several liability under section 403, Book 2 of the Dutch Civil Code for Obra Services B.V., Robidus Risk Consulting B.V., Robidus Services B.V. and Robidus Solutions B.V. have all been issued by Robidus Groep B.V. All other statement of joint and several liability in the list of principal group companies have been issued by a.s.r. Nederland N.V. </p><p>Certain structured entities, in which a.s.r. does not hold any shares, are consolidated. For more information on these structured entities, see <a href=\"#n4293782\" title=\"Borrowings\">section 7.5.17. </a></p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i8554": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296312\"><span class=\"number\">7.4.1 </span><span class=\"title-text\">Group structure </span></h1><p>The Group comprises a number of operating and holding companies. Except where indicated, a.s.r. is 100% shareholder of these companies. </p><div class=\"figure-container\" style=\"width:100%\"><img alt=\"\" class=\"figure\" src=\"resources/124.png\" style=\"--tan-image-percentage:100\"/></div><div class=\"tanPageBreak newPage\"></div><div class=\"header header-1\">Segment information </div><p>See accounting policy <a href=\"#n4294655\" title=\"L. Segment information\">L </a></p><p>The operations of a.s.r. have been divided into five operating segments (2024: five). The main segments are the Non-life and Life segment in which all insurance activities are presented. The other activities are presented as three separate segments being Asset Management, Distribution and Services and Holding and Other. </p><p>Intersegment transactions or transfers are concluded at arm's length conditions. </p><p>See <a href=\"#n4295242\" title=\"List of principal group companies\">section 7.7.9 List of principal group companies</a> for a list of principal group companies and associates in the relevant segments. </p><p>In January 2025 Aegon Cappital B.V. legally merged with ASR Premiepensioeninstelling N.V., after which the former ceased to exist. </p><p>The a.s.r. segment reporting shows the financial performance of each segment. The purpose is to allocate all items in the balance sheet and income statement to the segments that hold full management responsibility for them. </p><p>The eliminations applied in the reconciliation of the segment information to the consolidated balance sheet and the consolidated income statement are separately presented in <a href=\"#n4296336\" title=\"Segmented balance sheet\">sections 7.4.2</a> and <a href=\"#n4296349\" title=\"Segmented income statement and operating result\">7.4.3</a>. </p><p>The segments are assessed on their operating result as defined in <a href=\"#n4295529\" title=\"Operating result\">section 7.10</a>. </p><h1 class=\"S_PARAGRAPH\" id=\"n4295242\"><span class=\"number\">7.7.9 </span><span class=\"title-text\">List of principal group companies </span></h1><h3 class=\"table-title\">List of principal group companies </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Company </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Equity interest </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Rate of control </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Seat </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Segment </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">ASR Aanvullende Ziektekostenverzekeringen N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Basis Ziektekostenverzekeringen N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Schadeverzekering N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Wlz-uitvoerder B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Ziektekostenverzekeringen N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Levensverzekering N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Utrecht Real Estate Investments Netherlands B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Premiepensioeninstelling N.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Aegon Levensverzekering N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Aegon Spaarkas N.V.<sup class=\"footnote cShowTooltip\" title=\"Registered insurance companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Aegon DL B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Home Free Nederland B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zeist </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Orcinus 2023 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Delphinus 2023-I B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Delphinus 2025-I B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">SAECURE 17 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">SAECURE 20 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">SAECURE 21 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">SAECURE 22 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Aegon Hypotheken Financiering B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Aegon Hypotheken Prefunding B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Hypotheken Prefunding 2 B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">0.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Administratieve Dienstverlening B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Real Estate B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3</sup><sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">4 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Vermogensbeheer N.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3</sup><sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">4 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Aegon Hypotheken B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">dRA Exploitatie B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Lochem </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">BSB Assuranti\u00ebn B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">85.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">85.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Geleen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Anac Backoffice B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Eindhoven </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Vitaliteit &amp; Preventieve Diensten B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Assurantiekantoor Lodewijk B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Wezep </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Boval Assuranti\u00ebn B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Corins B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr></tbody></table><ol class=\"footnotes width-100\"><li> Registered insurance companies </li><li> These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued. </li><li> Other Wft registered companies </li><li> These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued. </li></ol><br/><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Company </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Equity interest </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Rate of control </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Seat </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Segment </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dutch ID B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Felison Assuradeuren B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Van Helvoort Assuradeuren B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Gemert </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Van Helvoort Registermakelaars in Assuranti\u00ebn B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Gemert </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">PoliService B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Hardinxveld-Giessendam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Supergarant Verzekeringen B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Leidschendam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Van Kampen Geld B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Hoorn </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Van Kampen Groep Holding B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Hoorn </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ZZP Nederland Verzekeringen B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Groningen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">D&amp;S Holding B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">D&amp;S Participaties B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Velserbroek </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Advies van a.s.r. B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Aegon Bemiddeling B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Groep B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Arbo B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zaandam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Risk Consulting B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zaanstad </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Services B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zaanstad </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Robidus Solutions B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Zaanstad </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Bronkhorst Bedrijfskompas B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Putten </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">NIPED Prevention B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">94.92 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amsterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Nedasco B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Amersfoort </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">GHW Assurantiegroep B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Nijmegen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Bastiaens &amp; Cox B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Venlo </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">De Regt Adviesgroep B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">TKP Pensioen B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Groningen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">HumanTouch Holding B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Son en Breugel </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">HumanTotalCare B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Eindhoven </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">HumanCapitalCare B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Eindhoven </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ArboNed B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Mensely B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Eindhoven </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">Pensioen Gilde B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Emmen </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution &amp; Services </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASAM N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-top startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:top;\">100.00 </td><td class=\"valign-top startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:top;\">100.00 </td><td class=\"valign-top startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:top;\">Utrecht </td><td class=\"valign-top startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:top;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Betalingscentrum B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Deelnemingen N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Nederland N.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Service Maatschappij N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Rotterdam </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">ASR Real Estate Development B.V. </td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-left-1\" style=\"text-align:left;vertical-align:middle;\">ASR Vooruit B.V.<sup class=\"footnote cShowTooltip\" title=\"Other Wft registered companies\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Aegon Administratie B.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left\" style=\"text-align:left;vertical-align:bottom;\">Den Haag </td><td class=\"valign-bottom startCol-5 endCol-5 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">Servicemaatschappij \"De Hoofdpoort\" N.V.<sup class=\"footnote cShowTooltip\" title=\"These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued.\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">100.00 </td><td class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">Utrecht </td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Holding &amp; Other </td></tr></tbody></table><ol class=\"footnotes width-100\"><li> Other Wft registered companies </li><li> These are companies for which a statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued. </li></ol><br/><p>The principal group companies are located in the Netherlands. For notes to equity interests in associates and joint ventures, see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. The list of equity interests which are required under Sections 379 and 414, Book 2 of the Dutch Civil Code has been filed with the Trade Register of the Chamber of Commerce in Utrecht. </p><p>The statements of joint and several liability under section 403, Book 2 of the Dutch Civil Code for Obra Services B.V., Robidus Risk Consulting B.V., Robidus Services B.V. and Robidus Solutions B.V. have all been issued by Robidus Groep B.V. All other statement of joint and several liability in the list of principal group companies have been issued by a.s.r. Nederland N.V. </p><p>Certain structured entities, in which a.s.r. does not hold any shares, are consolidated. For more information on these structured entities, see <a href=\"#n4293782\" title=\"Borrowings\">section 7.5.17. </a></p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296507\"><span class=\"title-text\">7.11.3.6 Subsidiaries </span></h1><h3 class=\"table-title\">Subsidiaries </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">At 1 January </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">10,714 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">11,520 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Additions </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">45 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">10 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Share of result </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1,150 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">1,414 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Dividend received </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-1,249 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-1,587 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Revaluations </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">121 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">198 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other changes </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-88 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">13 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Changes in the composition of the group </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">73 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-854 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At 31 December </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>10,767 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>10,714 </b></td></tr></tbody></table><br/><p>In 2025, other changes relates to the derecognition the previously held 45% interest in HumanTouch Holding following the acquisition of the remaining 55% interest in HumanTouch Holding, which was acquired by a.s.r. Deelnemingen N.V., whereas the minority share was held by ASR Nederland N.V. For further information, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>In 2024 the changes in the composition of the group relate to Knab. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i10513": {
   "value": "<div class=\"tanPageBreak start-node\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4296406\"><span class=\"number\">7.4.5 </span><span class=\"title-text\">Acquisitions </span></h1><p>See accounting policy <a href=\"#n4295016\" title=\"H. Acquisitions (Business combinations)\">H</a>. </p><div class=\"header header-1\">Acquisitions 2025 </div><div class=\"header header-2\">Acquisition HumanTouch Holding </div><p>On 3 July 2025, a.s.r. reached an agreement to acquire the remaining 55% interest in HumanTouch Holding B.V. (HumanTouch Holding), the parent company of HumanTotalCare B.V. (HumanTotalCare), from Elechos B.V. (45%) and Stichting CbusineZ (10%).\u00a0 On 1 October 2025 a.s.r. completed the acquisition by acquiring the remaining shares for a total consideration of \u20ac\u00a0108 million. </p><p>This acquisition supports a.s.r.\u2019s strategy of combining targeted acquisitions with organic growth, reinforcing its position in occupational health and reintegration services. HumanTotalCare operates under several well-known brands ArboNed, Mensely, HumanCapitalCare, Focus, and IT&amp;Care, serving approximately 65,000 employers and 1.4 million employees across the Netherlands with services focused on vitality, absenteeism, and sustainable employability. </p><p>In December 2025, a.s.r. established the final acquisition balance sheet of HumanTouch Holding, in accordance with IFRS 3 business combinations, within twelve months of the closing date. The balance sheet is based on fair value and uses the following techniques and assumptions: </p><ul><li><p>The intangible assets that were newly recognised relate to \u20ac\u00a0109 million for customer relationships and brand names. The valuation techniques used to measure the fair value is based on the Multi-period Excess Earnings Method (MEEM) for customer relationships and the Relief of Royalty method for brand names. </p></li><li><p>To derive the goodwill, the excess purchase price is determined by deducting the book value of the equity adjusted for the previously acquired goodwill from the purchase consideration in equity terms. Goodwill amounting to \u20ac\u00a0115 million is recognised. </p></li><li><p>Financial assets and liabilities were remeasured to fair value at the closing date. </p></li></ul><h3 class=\"table-title\">Final fair values of the assets and liabilities acquired on acquisition date </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Acquisition date balance sheet based on fair value </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">122 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">63 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">26 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and cash equivalents </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>218 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Provisions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">68 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred tax liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">28 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>137 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net assets and liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>81 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Less: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Consideration paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">108 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Previous held interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">88 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>196 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Excess purchase consideration </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>115 </b></td></tr></tbody></table><br/><p>a.s.r. has remeasured its previously held 45% interest in HumanTouch Holding to its acquisition-date fair value. The resulting gain of <span style=\"white-space:nowrap;\">\u20ac\u00a027 million</span> was recognised in the line item Other income in the income statement (see <a href=\"#n4294406\" title=\"Other income\">section 7.6.10</a>). The total consideration transferred for the acquisition of the remaining 55% interest amounted to <span style=\"white-space:nowrap;\">\u20ac\u00a0108 million</span>. The fair value of the previously held interest, which amounted to <span style=\"white-space:nowrap;\">\u20ac\u00a088 million</span>, and the consideration transferred were used to determine the goodwill arising on acquisition. The goodwill recognised for an amount of <span style=\"white-space:nowrap;\">\u20ac\u00a0115 million</span> is not tax deductible and reflects expected synergies and strategic benefits from full ownership, particularly in the field of occupational health services and reintegration. </p><h3 class=\"table-title\">Cash and cash equivalents related to the acquisitions </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Consideration paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-108 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Acquired cash and cash equivalents </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Decrease in cash and cash equivalents at acquisition date </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-100 </b></td></tr></tbody></table><br/><p>From 1 October 2025, HumanTotalCare has been fully consolidated within the\u00a0Distribution and Services\u00a0segment,\u00a0 contributing <span style=\"white-space:nowrap;\">\u20ac\u00a060 million</span> in fee income and <span style=\"white-space:nowrap;\">\u20ac\u00a04 million</span> in net result after tax to a.s.r.\u2019s consolidated results for Q4 2025. </p><p>Had the acquisition occurred on 1 January 2025, the contribution of HumanTotalCare to fee income and net result after tax would have been <span style=\"white-space:nowrap;\">\u20ac\u00a0232 million</span> and \u20ac\u00a013 million, respectively. For the previously held 45% interest, an amount of \u20ac\u00a04 million is recorded in the line item share of result of associates and joint ventures, representing a.s.r.'s share in the net result of HumanTotalCare for the period 1 January till 30 September 2025. </p><p>The transaction has had no impact on the employment status of HumanTotalCare\u2019s approximately 2,000 employees (1.428 FTE). </p><p>No material contingent consideration or indemnification assets were recognised. </p><div class=\"header header-2\">Other acquisitions </div><p>During 2025, a.s.r. acquired several other companies non-material to a.s.r., which became subsidiaries in segment Distribution and Services. </p><div class=\"header header-1\">Acquisitions 2024 </div><p>During 2024, a.s.r. acquired eleven insurance brokerage companies and increased its share in an associate, whereby these acquired entities became subsidiaries in segment Distribution and Services. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i10514": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296292\"><span class=\"number\">7.4.6 </span><span class=\"title-text\">Discontinued operations </span></h1><p>See accounting policy <a href=\"#n4295030\" title=\"I. Discontinued operations\">I</a>. </p><p>On 1 February 2024, a.s.r. reached an agreement to sell Knab to the BAWAG Group AG. Closing of the transaction took place on 1 November 2024. As of the agreement date, Knab\u2019s activities were classified as discontinued. For further information see the 2024 consolidated financial statements. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i10515": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296292\"><span class=\"number\">7.4.6 </span><span class=\"title-text\">Discontinued operations </span></h1><p>See accounting policy <a href=\"#n4295030\" title=\"I. Discontinued operations\">I</a>. </p><p>On 1 February 2024, a.s.r. reached an agreement to sell Knab to the BAWAG Group AG. Closing of the transaction took place on 1 November 2024. As of the agreement date, Knab\u2019s activities were classified as discontinued. For further information see the 2024 consolidated financial statements. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i10516": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296292\"><span class=\"number\">7.4.6 </span><span class=\"title-text\">Discontinued operations </span></h1><p>See accounting policy <a href=\"#n4295030\" title=\"I. Discontinued operations\">I</a>. </p><p>On 1 February 2024, a.s.r. reached an agreement to sell Knab to the BAWAG Group AG. Closing of the transaction took place on 1 November 2024. As of the agreement date, Knab\u2019s activities were classified as discontinued. For further information see the 2024 consolidated financial statements. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i10645": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293852\"><span class=\"number\">7.5.1 </span><span class=\"title-text\">Intangible assets </span></h1><p>See accounting policy <a href=\"#n4295091\" title=\"C. Intangible assets\">C</a>. </p><h3 class=\"table-title\">Intangible assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Goodwill </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">357 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">233 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">447 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">359 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total intangible assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>805 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Intangible assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35.7%;\"/><col style=\"width:14.9%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/><col style=\"width:16.4%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Goodwill </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other intangible assets </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost price </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">667 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,037 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">723 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Accumulated amortisation and impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-219 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-233 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-131 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>447 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>805 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">233 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">359 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">592 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">649 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Acquisition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation and impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-94 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-94 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">126 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">161 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">287 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>447 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>805 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td></tr></tbody></table><br/><p>In 2025, changes in the composition of the group mainly related to the acquisition of HumanTotalCare and several other acquisitions within the Distribution and Services segment. For further details on the goodwill and other intangible assets recognised in connection with the acquisition of HumanTotalCare, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>In 2024, changes in the composition of the group related to the sale of Knab, see <a href=\"#n4296292\" title=\"Discontinued operations\">section 7.4.6</a>. </p><p>Amortisation and impairments increased in 2025 by \u20ac\u00a044 million to \u20ac\u00a094 million, mainly driven by impacts from reassessment of the remaining lifetime of the intangible assets, increasing amortisation (\u20ac\u00a021 million), and impairments on other intangible assets(\u20ac\u00a016 million), which mainly consist of an impairment of \u20ac\u00a010 million on the customer relationship within the Asset Management segment, following the planned transfer of servicing of the mortgage portfolio of Knab to Bawag in 2026, which is part of the sale of Knab. </p><div class=\"header header-1\">Goodwill </div><p>For the purpose of impairment testing, goodwill is allocated to the CGU's of the relevant operating segment. </p><h3 class=\"table-title\">Goodwill allocation per segment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">43 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">35 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">35 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution and Services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">139 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total goodwill </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>233 </b></td></tr></tbody></table><br/><p>The addition in 2025 of goodwill within the Distribution and Services segment mainly relates to the acquisition of HumanTotalCare, for which \u20ac\u00a0115 million goodwill is recognised, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>Goodwill has an indefinite useful life and is not amortised. a.s.r. performs an impairment test annually, or more frequently if events or circumstances warrant so, to ascertain whether goodwill has been subject to impairment. </p><p>For the CGU's within the Non-life, Life, Asset Management and Distribution and Services segments, the results of these tests, using updated multiples and discount rates, show excess recoverable values over the book values and no goodwill impairment is recognised. A deterioration within reasonable limits on one of the assumptions in isolation would not lead to an impairment. The buffer is also capable of absorbing a combination of negative factors. However, should circumstances on multiple factors deteriorate significantly, it could lead to a negative outcome for the buffer (the difference between the recoverable value and the book value). </p><div class=\"header header-1\">Other intangible assets </div><p>The other intangible assets mainly consist of customer relationships, trade names and software. The other intangible assets are amortised straight-line over their useful life, which is determined individually (between 3 and 20 years). The amortisation charges on other intangible assets are recorded in the operating and other expenses (see <a href=\"#n4294425\" title=\"Operating and other expenses\">section 7.6.11</a>). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i10646": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293852\"><span class=\"number\">7.5.1 </span><span class=\"title-text\">Intangible assets </span></h1><p>See accounting policy <a href=\"#n4295091\" title=\"C. Intangible assets\">C</a>. </p><h3 class=\"table-title\">Intangible assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Goodwill </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">357 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">233 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">447 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">359 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total intangible assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>805 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Intangible assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35.7%;\"/><col style=\"width:14.9%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/><col style=\"width:16.4%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Goodwill </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other intangible assets </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost price </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">667 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,037 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">723 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Accumulated amortisation and impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-219 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-233 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-131 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>447 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>805 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">233 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">359 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">592 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">649 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Acquisition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation and impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-94 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-94 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">126 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">161 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">287 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>447 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>805 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td></tr></tbody></table><br/><p>In 2025, changes in the composition of the group mainly related to the acquisition of HumanTotalCare and several other acquisitions within the Distribution and Services segment. For further details on the goodwill and other intangible assets recognised in connection with the acquisition of HumanTotalCare, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>In 2024, changes in the composition of the group related to the sale of Knab, see <a href=\"#n4296292\" title=\"Discontinued operations\">section 7.4.6</a>. </p><p>Amortisation and impairments increased in 2025 by \u20ac\u00a044 million to \u20ac\u00a094 million, mainly driven by impacts from reassessment of the remaining lifetime of the intangible assets, increasing amortisation (\u20ac\u00a021 million), and impairments on other intangible assets(\u20ac\u00a016 million), which mainly consist of an impairment of \u20ac\u00a010 million on the customer relationship within the Asset Management segment, following the planned transfer of servicing of the mortgage portfolio of Knab to Bawag in 2026, which is part of the sale of Knab. </p><div class=\"header header-1\">Goodwill </div><p>For the purpose of impairment testing, goodwill is allocated to the CGU's of the relevant operating segment. </p><h3 class=\"table-title\">Goodwill allocation per segment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">43 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">35 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">35 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution and Services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">139 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total goodwill </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>233 </b></td></tr></tbody></table><br/><p>The addition in 2025 of goodwill within the Distribution and Services segment mainly relates to the acquisition of HumanTotalCare, for which \u20ac\u00a0115 million goodwill is recognised, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>Goodwill has an indefinite useful life and is not amortised. a.s.r. performs an impairment test annually, or more frequently if events or circumstances warrant so, to ascertain whether goodwill has been subject to impairment. </p><p>For the CGU's within the Non-life, Life, Asset Management and Distribution and Services segments, the results of these tests, using updated multiples and discount rates, show excess recoverable values over the book values and no goodwill impairment is recognised. A deterioration within reasonable limits on one of the assumptions in isolation would not lead to an impairment. The buffer is also capable of absorbing a combination of negative factors. However, should circumstances on multiple factors deteriorate significantly, it could lead to a negative outcome for the buffer (the difference between the recoverable value and the book value). </p><div class=\"header header-1\">Other intangible assets </div><p>The other intangible assets mainly consist of customer relationships, trade names and software. The other intangible assets are amortised straight-line over their useful life, which is determined individually (between 3 and 20 years). The amortisation charges on other intangible assets are recorded in the operating and other expenses (see <a href=\"#n4294425\" title=\"Operating and other expenses\">section 7.6.11</a>). </p><h1 class=\"S_PARAGRAPH\" id=\"n4294127\"><span class=\"number\">7.5.9 </span><span class=\"title-text\">Other assets </span></h1><p>See accounting policy <a href=\"#n4294751\" title=\"R. Other assets\">R</a>. </p><h3 class=\"table-title\">Other assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due from customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">103 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash collateral paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,723 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,341 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,483 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,053 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Taxes receivable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">175 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Prepaid costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>113 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>270 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,596 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,323 </b></td></tr></tbody></table><br/><p>Cash collateral paid increased by \u20ac\u00a02.4 billion as a result of higher derivative liabilities, mainly driven by rising interest rates. For more information regarding derivatives see <a href=\"#n4294073\" title=\"Derivatives\">section 7.5.7</a>. </p><p>An amount of \u20ac\u00a05,585 million (2024: \u20ac\u00a03,312 million) of other assets is expected to be recovered within one year after the balance sheet date. </p><p>The following table shows the recognized impairments on other assets. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Increase in impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment due to disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4294562\"><span class=\"number\">7.6.6 </span><span class=\"title-text\">Impairments </span></h1><p>See accounting policy <a href=\"#n4295091\" title=\"C. Intangible assets\">C</a> and <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:74%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Financial assets at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total impairments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-18 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Impairments are presented in the following income statement line items: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total impairments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-18 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td></tr></tbody></table><br/><p>In 2025, the impairment on intangible assets related to an impairment of \u20ac\u00a010 million in segment Asset Management and \u20ac\u00a06 million in segment Non-life, see <a href=\"#n4293852\" title=\"Intangible assets\">section 7.5.1</a>. </p><p>For more information regarding loss allowance see <a href=\"#n4295891\" title=\"Expected credit loss\">section 7.8.4.7</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i10647": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293852\"><span class=\"number\">7.5.1 </span><span class=\"title-text\">Intangible assets </span></h1><p>See accounting policy <a href=\"#n4295091\" title=\"C. Intangible assets\">C</a>. </p><h3 class=\"table-title\">Intangible assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Goodwill </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">357 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">233 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">447 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">359 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total intangible assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>805 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Intangible assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35.7%;\"/><col style=\"width:14.9%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/><col style=\"width:16.4%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Goodwill </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other intangible assets </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost price </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">667 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,037 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">723 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Accumulated amortisation and impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-219 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-233 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-131 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>447 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>805 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">233 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">359 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">592 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">649 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Acquisition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation and impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-94 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-94 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">126 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">161 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">287 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>447 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>805 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td></tr></tbody></table><br/><p>In 2025, changes in the composition of the group mainly related to the acquisition of HumanTotalCare and several other acquisitions within the Distribution and Services segment. For further details on the goodwill and other intangible assets recognised in connection with the acquisition of HumanTotalCare, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>In 2024, changes in the composition of the group related to the sale of Knab, see <a href=\"#n4296292\" title=\"Discontinued operations\">section 7.4.6</a>. </p><p>Amortisation and impairments increased in 2025 by \u20ac\u00a044 million to \u20ac\u00a094 million, mainly driven by impacts from reassessment of the remaining lifetime of the intangible assets, increasing amortisation (\u20ac\u00a021 million), and impairments on other intangible assets(\u20ac\u00a016 million), which mainly consist of an impairment of \u20ac\u00a010 million on the customer relationship within the Asset Management segment, following the planned transfer of servicing of the mortgage portfolio of Knab to Bawag in 2026, which is part of the sale of Knab. </p><div class=\"header header-1\">Goodwill </div><p>For the purpose of impairment testing, goodwill is allocated to the CGU's of the relevant operating segment. </p><h3 class=\"table-title\">Goodwill allocation per segment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">43 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">35 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">35 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution and Services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">139 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total goodwill </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>233 </b></td></tr></tbody></table><br/><p>The addition in 2025 of goodwill within the Distribution and Services segment mainly relates to the acquisition of HumanTotalCare, for which \u20ac\u00a0115 million goodwill is recognised, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>Goodwill has an indefinite useful life and is not amortised. a.s.r. performs an impairment test annually, or more frequently if events or circumstances warrant so, to ascertain whether goodwill has been subject to impairment. </p><p>For the CGU's within the Non-life, Life, Asset Management and Distribution and Services segments, the results of these tests, using updated multiples and discount rates, show excess recoverable values over the book values and no goodwill impairment is recognised. A deterioration within reasonable limits on one of the assumptions in isolation would not lead to an impairment. The buffer is also capable of absorbing a combination of negative factors. However, should circumstances on multiple factors deteriorate significantly, it could lead to a negative outcome for the buffer (the difference between the recoverable value and the book value). </p><div class=\"header header-1\">Other intangible assets </div><p>The other intangible assets mainly consist of customer relationships, trade names and software. The other intangible assets are amortised straight-line over their useful life, which is determined individually (between 3 and 20 years). The amortisation charges on other intangible assets are recorded in the operating and other expenses (see <a href=\"#n4294425\" title=\"Operating and other expenses\">section 7.6.11</a>). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i10648": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293852\"><span class=\"number\">7.5.1 </span><span class=\"title-text\">Intangible assets </span></h1><p>See accounting policy <a href=\"#n4295091\" title=\"C. Intangible assets\">C</a>. </p><h3 class=\"table-title\">Intangible assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Goodwill </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">357 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">233 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">447 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">359 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total intangible assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>805 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Intangible assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35.7%;\"/><col style=\"width:14.9%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/><col style=\"width:16.4%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Goodwill </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other intangible assets </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost price </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">667 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,037 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">723 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Accumulated amortisation and impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-219 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-233 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-131 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>447 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>805 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">233 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">359 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">592 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">649 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Acquisition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation and impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-94 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-94 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">126 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">161 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">287 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>447 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>805 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td></tr></tbody></table><br/><p>In 2025, changes in the composition of the group mainly related to the acquisition of HumanTotalCare and several other acquisitions within the Distribution and Services segment. For further details on the goodwill and other intangible assets recognised in connection with the acquisition of HumanTotalCare, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>In 2024, changes in the composition of the group related to the sale of Knab, see <a href=\"#n4296292\" title=\"Discontinued operations\">section 7.4.6</a>. </p><p>Amortisation and impairments increased in 2025 by \u20ac\u00a044 million to \u20ac\u00a094 million, mainly driven by impacts from reassessment of the remaining lifetime of the intangible assets, increasing amortisation (\u20ac\u00a021 million), and impairments on other intangible assets(\u20ac\u00a016 million), which mainly consist of an impairment of \u20ac\u00a010 million on the customer relationship within the Asset Management segment, following the planned transfer of servicing of the mortgage portfolio of Knab to Bawag in 2026, which is part of the sale of Knab. </p><div class=\"header header-1\">Goodwill </div><p>For the purpose of impairment testing, goodwill is allocated to the CGU's of the relevant operating segment. </p><h3 class=\"table-title\">Goodwill allocation per segment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">43 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">35 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">35 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution and Services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">139 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total goodwill </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>357 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>233 </b></td></tr></tbody></table><br/><p>The addition in 2025 of goodwill within the Distribution and Services segment mainly relates to the acquisition of HumanTotalCare, for which \u20ac\u00a0115 million goodwill is recognised, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>Goodwill has an indefinite useful life and is not amortised. a.s.r. performs an impairment test annually, or more frequently if events or circumstances warrant so, to ascertain whether goodwill has been subject to impairment. </p><p>For the CGU's within the Non-life, Life, Asset Management and Distribution and Services segments, the results of these tests, using updated multiples and discount rates, show excess recoverable values over the book values and no goodwill impairment is recognised. A deterioration within reasonable limits on one of the assumptions in isolation would not lead to an impairment. The buffer is also capable of absorbing a combination of negative factors. However, should circumstances on multiple factors deteriorate significantly, it could lead to a negative outcome for the buffer (the difference between the recoverable value and the book value). </p><div class=\"header header-1\">Other intangible assets </div><p>The other intangible assets mainly consist of customer relationships, trade names and software. The other intangible assets are amortised straight-line over their useful life, which is determined individually (between 3 and 20 years). The amortisation charges on other intangible assets are recorded in the operating and other expenses (see <a href=\"#n4294425\" title=\"Operating and other expenses\">section 7.6.11</a>). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i10881": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293890\"><span class=\"number\">7.5.2 </span><span class=\"title-text\">Property, plant and equipment </span></h1><p>See accounting policies <a href=\"#n4294713\" title=\"P. Property, plant and equipment\">P</a> and <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p><h3 class=\"table-title\">Property, plant and equipment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land and buildings for own use </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">143 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">164 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Plant </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">353 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">386 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">64 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">53 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Property, plant and equipment owned </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>560 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>603 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land and buildings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">100 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">65 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Vehicles </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Right-of-use assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>117 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>72 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total property, plant and equipment </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>678 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>676 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in property, plant and equipment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Land and buildings for own use </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Plant </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Equipment </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Right-of-use Assets </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">164 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">386 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">53 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">72 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">676 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">732 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Additions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfers to Investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Depreciations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-20 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-48 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-53 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revaluations through profit of loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revaluations through equity </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">48 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">63 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>143 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>353 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>64 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>117 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>678 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>676 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Gross carrying amount as at 31 December </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">272 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">433 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">122 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">167 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">994 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,020 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Accumulated depreciation as at 31 December </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-128 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-80 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-53 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-50 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-311 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-341 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Accumulated impairments as at 31 December </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net carrying value as at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>143 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>353 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>64 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>117 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>678 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>676 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Revaluation surplus </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">53 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">56 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">54 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revaluation in the year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>58 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>61 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56 </b></td></tr></tbody></table><br/><p>Depreciation of property, plant and equipment is recorded in the operating and other expenses, see <a href=\"#n4294425\" title=\"Operating and other expenses\">section 7.6.11</a>. </p><p>The fair value of land and buildings for own use is based on the external valuations and the significant inputs used in determining the fair value of plant are disclosed in <a href=\"#n4295347\" title=\"Property (including land and buildings for own use and plant)\">section 7.7.1.3</a>. </p><h1 class=\"S_PARAGRAPH\" id=\"n4293782\"><span class=\"number\">7.5.17 </span><span class=\"title-text\">Borrowings </span></h1><p>See accounting policies <a href=\"#n4294803\" title=\"U. Financing\">U</a> and <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p><h3 class=\"table-title\">Borrowings </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,181 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,061 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Lease liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">120 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">74 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total Borrowings </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,301 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,135 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in borrowings </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-4 align-center border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>2025 </b></th><th class=\"valign-bottom startCol-5 endCol-7 align-center border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loans </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Lease Liabilities </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loans </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Lease Liabilities </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,061 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,135 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,363 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">88 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,451 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Proceeds from issues of loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">502 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">509 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,091 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,106 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">(410) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">(12) </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">(422) </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(582) </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(17) </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(600) </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accrued </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation premiums and discounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">48 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(2,816) </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(4) </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(2,820) </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(9) </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(8) </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total Borrowings </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,181 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>120 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,301 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,061 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>74 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,135 </b></td></tr></tbody></table><br/><p>As at year-end, borrowings had the following terms to maturity: </p><h3 class=\"table-title\">Maturity of borrowings </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:16%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Maturity - Falling due within 1 year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">70 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">115 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Maturity - Falling due between 1 and 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">908 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">846 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Maturity - Falling due after 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,323 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,174 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Maturity Borrowings </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,301 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,135 </b></td></tr></tbody></table><br/><p>At year-end 2025, the fair value of borrowings was \u20ac\u00a03,322 million (2024: \u20ac\u00a03,136 million). For information regarding the fair value, see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a>. The average interest rate payable on loans was 4.49% (2024: 4.18%). The average incremental borrowing rate on the lease liabilities was 4.05% (2024: 3.81%). </p><p>On 20 March 2024, a.s.r. (through Aegon Hypotheken) closed a transaction under the Dutch SAECURE programme to sell Class A mortgage-backed securities (RMBS). \u2018SAECURE 22\u2019 consisted of a principal amount of \u20ac\u00a0600 million of class A notes with the first optional redemption date (FORD) April 2030. </p><p>On 30 January 2025, a.s.r. (through a.s.r. life) closed a transaction under the Dutch Delphinus programme to sell Class A mortgage-backed securities (RMBS). \u2018Delphinus 2025-I\u2019 consisted of a principal amount of \u20ac\u00a0500 million of class A notes with the FORD March 2031. </p><p>During 2025, SAECURE 18 was fully redeemed at the FORD for an amount of \u20ac\u00a0254 million. </p><p>The following structured entities are group companies and have been consolidated: </p><ul><li><p>SAECURE 17 B.V.; </p></li><li><p>SAECURE 18 NHG B.V.; </p></li><li><p>SAECURE 20 B.V.; </p></li><li><p>SAECURE 21 B.V.; </p></li><li><p>SAECURE 22 B.V.; </p></li><li><p>Aegon Hypotheken Financiering B.V.; </p></li><li><p>Aegon Hypotheken Prefunding B.V.; </p></li><li><p>Hypotheken Prefunding 2 B.V.; </p></li><li><p>Delphinus 2023-I B.V.; </p></li><li><p>Orcinus 2023 B.V.; </p></li><li><p>Delphinus 2025-I B.V. </p></li></ul><p>The structured entities relate to the funding or securitisation of mortgage loans. a.s.r. holds no shares in the structured entities. The contractual agreements with these entities do not include provisions in which a.s.r. could be required to provide financial support in certain circumstances. a.s.r. has not provided, nor has intentions to provide, financial or other support without having a contractual obligation to do so. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295516\"><span class=\"number\">7.7.7.4 </span><span class=\"title-text\">Expected future lease payments </span></h1><p>The following table sets out the expected future lease payments for investment property and plants, showing the undiscounted lease payments to be received after the reporting date. </p><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received within 1 year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">39 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 1 and 2 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 2 and 3 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 3 and 4 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 4 and 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received after 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">87 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">98 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total undiscounted lease payments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>163 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td></tr></tbody></table><br/><p>The investments properties, in retail, residential, offices and rural markets are leased to third parties, consisting of various lease terms in a range between shorter than one year and undetermined period with competitive rents mostly indexed to consumer prices. The plants are leased to third parties with lease terms longer than ten years. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i10882": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293890\"><span class=\"number\">7.5.2 </span><span class=\"title-text\">Property, plant and equipment </span></h1><p>See accounting policies <a href=\"#n4294713\" title=\"P. Property, plant and equipment\">P</a> and <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p><h3 class=\"table-title\">Property, plant and equipment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land and buildings for own use </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">143 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">164 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Plant </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">353 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">386 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">64 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">53 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Property, plant and equipment owned </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>560 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>603 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land and buildings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">100 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">65 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Vehicles </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Right-of-use assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>117 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>72 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total property, plant and equipment </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>678 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>676 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in property, plant and equipment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Land and buildings for own use </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Plant </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Equipment </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Right-of-use Assets </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">164 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">386 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">53 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">72 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">676 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">732 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Additions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfers to Investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Depreciations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-20 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-48 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-53 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revaluations through profit of loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revaluations through equity </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">48 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">63 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>143 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>353 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>64 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>117 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>678 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>676 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Gross carrying amount as at 31 December </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">272 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">433 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">122 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">167 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">994 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,020 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Accumulated depreciation as at 31 December </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-128 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-80 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-53 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-50 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-311 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-341 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Accumulated impairments as at 31 December </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net carrying value as at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>143 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>353 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>64 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>117 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>678 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>676 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Revaluation surplus </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">53 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">56 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">54 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revaluation in the year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>58 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>61 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56 </b></td></tr></tbody></table><br/><p>Depreciation of property, plant and equipment is recorded in the operating and other expenses, see <a href=\"#n4294425\" title=\"Operating and other expenses\">section 7.6.11</a>. </p><p>The fair value of land and buildings for own use is based on the external valuations and the significant inputs used in determining the fair value of plant are disclosed in <a href=\"#n4295347\" title=\"Property (including land and buildings for own use and plant)\">section 7.7.1.3</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i10931": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293908\"><span class=\"number\">7.5.3 </span><span class=\"title-text\">Investment property </span></h1><p>See accounting policy <a href=\"#n4295110\" title=\"D. Investment property\">D</a>. </p><p>Investment property is leased to third parties and is diversified over the rural, residential, offices and retail sectors. The significant inputs are the net initial yield and market rental value. For more information see <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><h3 class=\"table-title\">Changes in investment property </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,364 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,051 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in value of investments, realised/unrealised gains and losses: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Fair value gains and losses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">226 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">226 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">141 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">246 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disposals </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-276 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-159 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transferred from property and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer of real estate equity funds to investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-256 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,220 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,364 </b></td></tr></tbody></table><br/><p>In 2025, the decrease in purchases of \u20ac\u00a0106 million compared to 2024 mainly relates to residential (\u20ac\u00a035 million) and offices (\u20ac\u00a075 million). The increase of disposals in 2025 by \u20ac\u00a0117 million relates to retail (\u20ac\u00a098 million) and residential (\u20ac\u00a019 million). In 2025, transfer of real estate equity funds to investments relates to ASR DSPF. During 2025, a.s.r. lost control of ASR DSPF as voting rights for a.s.r. are capped to 40% following a change in the fund agreement, resulting in deconsolidation of ASR DSPF. Subsequently, a.s.r.'s share in ASR DSPF is classified as an associate and presented under investments as real estate equity funds. For more information see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. </p><p>Rental income is recognised as direct investment income. In 2025, rentals amounted to \u20ac\u00a0137 million (2024: \u20ac\u00a0144 million). </p><p>Direct operating expenses arising from investment property amounted to \u20ac\u00a056 million (2024: \u20ac\u00a052 million). Given the overall low vacancy rate, virtually all direct operating expenses relate to investment properties generating rental income. Direct operating expenses of investment property are classified as operating and other expenses within the investment operating expenses. </p><p>Investment property consists mainly of assets expected to be recovered after more than one year after the balance sheet date.  <br/></p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i10932": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293908\"><span class=\"number\">7.5.3 </span><span class=\"title-text\">Investment property </span></h1><p>See accounting policy <a href=\"#n4295110\" title=\"D. Investment property\">D</a>. </p><p>Investment property is leased to third parties and is diversified over the rural, residential, offices and retail sectors. The significant inputs are the net initial yield and market rental value. For more information see <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><h3 class=\"table-title\">Changes in investment property </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,364 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,051 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in value of investments, realised/unrealised gains and losses: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Fair value gains and losses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">226 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">226 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">141 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">246 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disposals </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-276 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-159 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transferred from property and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer of real estate equity funds to investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-256 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,220 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,364 </b></td></tr></tbody></table><br/><p>In 2025, the decrease in purchases of \u20ac\u00a0106 million compared to 2024 mainly relates to residential (\u20ac\u00a035 million) and offices (\u20ac\u00a075 million). The increase of disposals in 2025 by \u20ac\u00a0117 million relates to retail (\u20ac\u00a098 million) and residential (\u20ac\u00a019 million). In 2025, transfer of real estate equity funds to investments relates to ASR DSPF. During 2025, a.s.r. lost control of ASR DSPF as voting rights for a.s.r. are capped to 40% following a change in the fund agreement, resulting in deconsolidation of ASR DSPF. Subsequently, a.s.r.'s share in ASR DSPF is classified as an associate and presented under investments as real estate equity funds. For more information see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. </p><p>Rental income is recognised as direct investment income. In 2025, rentals amounted to \u20ac\u00a0137 million (2024: \u20ac\u00a0144 million). </p><p>Direct operating expenses arising from investment property amounted to \u20ac\u00a056 million (2024: \u20ac\u00a052 million). Given the overall low vacancy rate, virtually all direct operating expenses relate to investment properties generating rental income. Direct operating expenses of investment property are classified as operating and other expenses within the investment operating expenses. </p><p>Investment property consists mainly of assets expected to be recovered after more than one year after the balance sheet date.  <br/></p><div class=\"tanPageBreak start-node\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4293979\"><span class=\"number\">7.5.5 </span><span class=\"title-text\">Investments </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Investments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At FVTPL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">73,966 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75,119 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At FVOCI </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,638 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,841 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,537 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>79,141 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>80,593 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294012\"><span class=\"number\">7.5.5.1 </span><span class=\"title-text\">Investments at FVTPL </span></h1><h3 class=\"table-title\">Investments at FVTPL </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">639 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15,774 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,696 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,621 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,532 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,068 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,433 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,584 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73,966 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75,119 </b></td></tr></tbody></table><br/><p>Investments at FVTPL mainly decreased as a result of higher interest rates, exchange rate impacts and redemptions on investments. </p><p>In 2025, next to the annual update of the parameters used in the mortgage valuation models, a.s.r. processed several updates in the mortgage valuation models, which are considered a change in estimate. The mortgage spread model is updated in line with industry standards that were published in 2025, reducing the volatility of the mortgage spreads used in the valuation. For prepayments, the model is refined and parameters were updated. Total impact of the update on the mortgage valuation model and parameter update is a reduction of the fair value of mortgages of\u202f \u20ac\u00a0165 million, which had a negative impact on earnings before tax of the same amount. </p><p>For the real estate equity funds for which a.s.r. has significant influence the exemption of IAS 28 was used, thereby measuring the investments at FVTPL and presenting them as a separate category within the investments at FVTPL. For a breakdown of the real estate equity funds, see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. </p><p>Other investment funds consist amongst others of private debt funds of \u20ac\u00a01,136 million (2024: \u20ac\u00a0629 million) and private equity funds of \u20ac\u00a0590 million (2024: \u20ac\u00a0358 million). In 2025, debt equity funds are reclassified to other investment funds following the integration of Aegon life's investments towards a.s.r.'s target system for investments. </p><p>Private loans consists for \u20ac\u00a02,558 million (2024: \u20ac\u00a02,199 million) of savings-linked mortgage loans. </p><p>a.s.r. has bonds amounting to \u20ac\u00a03,226 million (2024: \u20ac\u00a03,427 million) and shares amounting to nil (2024: \u20ac\u00a010 million) that have been transferred, but do not qualify for derecognition. The majority of these investments are part of a securities lending programme whereby the investments are lent in exchange for a fee with collateral obtained as a security. The collateral furnished as security representing a fair value of \u20ac\u00a04,451 million (2024: \u20ac\u00a04,925 million) consists of mortgage loans and corporate and government bonds. See accounting policy <a href=\"#n4294686\" title=\"N. Securities lending\">N</a> about securities lending. </p><p>At year-end 2025 and 2024, debt instruments at FVTPL consisted entirely of investments mandatorily measured as such. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a059,987 million (2024: \u20ac\u00a058,171 million) of fixed income investments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><p>For more detailed information about the fair value valuation of the investments, see <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293998\"><span class=\"number\">7.5.5.2 </span><span class=\"title-text\">Investments at FVOCI </span></h1><h3 class=\"table-title\">Investments at FVOCI </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,491 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,696 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">135 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">134 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVOCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,638 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,841 </b></td></tr></tbody></table><br/><p>a.s.r. sold equity instruments held at FVOCI for an amount of \u20ac\u00a01,086 million (2024: \u20ac\u00a01,218 million) in the ordinary course of business. The sales resulted in a gain of \u20ac\u00a053 million (2024: \u20ac\u00a0156 million gain) which is directly recognised in retained earnings. The decrease was partly offset by acquisitions and positive fair value movements. </p><p>For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294041\"><span class=\"number\">7.5.5.3 </span><span class=\"title-text\">Investments at amortised cost </span></h1><h3 class=\"table-title\">Investments at amortised cost </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,529 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at amortised cost </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,537 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,633 </b></td></tr></tbody></table><br/><p>Certain mortgage loans shown within the category investments at amortised cost are designated in portfolio fair value interest rate hedging relationships, and are fair valued with respect to the hedged interest rate. For 2025, this resulted in a higher carrying value of \u20ac\u00a017 million (2024: \u20ac\u00a0109 million higher). None of the financial assets has been reclassified during the financial year. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a02,459 million (2024: 2,432 million) of debt instruments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294055\"><span class=\"number\">7.5.6 </span><span class=\"title-text\">Investments related to direct participating insurance contracts </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Investments related to direct participating insurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,057 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">352 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,630 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,373 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,702 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,375 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">527 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">333 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">959 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">896 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-411 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,028 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16,078 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,753 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,421 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">241 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">245 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,815 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,617 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments related to direct participating insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33,302 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>33,025 </b></td></tr></tbody></table><br/><p>Investments related to direct participating insurance contracts are mandatorily measured at FVTPL. </p><p>In 2025, a.s.r. harmonised the presentation of investments related to direct participating insurance contracts. Following this harmonisation, investments in mortgage equity funds are presented as mortgage loans. </p><p>Within other investments, an amount of \u20ac\u00a02,242 million (2024: \u20ac\u00a02,486 million) consists of cash and cash equivalents held within investment funds. </p><p>Direct participating insurance contracts are managed on behalf of policyholders on a fair value basis. Although individual instruments may (or may not) have a maturity depending on their nature, this does not impact the liquidity position <span style=\"white-space:nowrap;\">of a.s.r. </span></p><h1 class=\"S_PARAGRAPH\" id=\"n4294073\"><span class=\"number\">7.5.7 </span><span class=\"title-text\">Derivatives </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Derivatives </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives not designated in a hedge </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,206 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,534 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,438 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives designated as fair value hedges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">247 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">233 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">228 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr></tbody></table><br/><p>Derivatives consist primarily of derivatives used to hedge interest rate movements. Derivatives are classified mandatorily as FVTPL and changes in the fair value of derivatives at FVTPL are recorded in net fair value gains and (losses), see <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a>. </p><p>Derivatives held for mortgage loans of Aegon hypotheken to hedge the interest rate risk are designated under fair value hedge accounting using the EU carve-out on hedge accounting, only net accounting ineffectiveness has an impact on the net result (for more information, see below under hedge accounting). </p><p>a.s.r. trades both cleared and non-cleared derivatives on the basis of standardised contracts and exchanges cash variation margin with its counterparties. The derivatives are valued daily and cash collateral is exchanged to reflect the change in mark-to-market (MtM) of the derivatives. Because of this periodic margining process, counterparty risk on derivatives is negligible. </p><p>In addition to the above variation margin obligations, there is also an initial margin obligation for central cleared derivatives which further reduces the risk of a.s.r. and its counterparties that they cannot fulfil their obligations. </p><p>Notional amounts are not recognised as assets or liabilities in the balance sheet, however notional amounts are used in determining the fair value of the derivatives. Notional amounts do not reflect the potential gain or loss on a derivative transaction. </p><h3 class=\"table-title\">Derivatives by type of instrument </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-7 align-right border-bottom-1 border-left-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,068 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,172 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">265,404 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">230,555 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,211 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,266 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,446 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,340 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,874 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,776 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,724 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,476 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,246 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>300,255 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>261,302 </b></td></tr></tbody></table><br/><p>Net derivatives decreased primarily as a result of negative revaluations due to changes in the long-term interest swap rates compared to year-end 2024. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of accrued interest receivable and accrued interest payable on interest swaps is harmonised, resulting in an increase in the carrying amount of interest swaps of both the asset side as well as the liability side for the same amount. </p><p>Interest caps are part of the structured entities related to securitisation of mortgages (see <a href=\"#n4293782\" title=\"Borrowings\">section 7.5.17</a>). In 2025, following the integration of the Saecure entities in a.s.r.'s target system for investments, presentation of these back to back caps is updated and the caps are presented as separate assets and liabilities for the same amount. </p><p>The derivatives do not include the derivatives liabilities relating to direct participating insurance contracts of \u20ac\u00a0- 411 million (2024: \u20ac\u00a073 million assets). </p><p>In addition to the use of swaps and options a.s.r. manages interest rate risk by using bond forwards, included in interest rate contracts futures. </p><p>The notional amounts of both receiver and payer swaps are included in the total notional amounts of foreign exchange contracts. </p><p>The fair value of interest rate contracts is calculated by first determining the cash flows of the floating leg based on the Euribor-curve corresponding the interest reset period (3 months, 6 months or 12 months) of the swap. Then the net present value of the floating and fixed leg is determined by discounting the cash flows with the relevant curve (such as \u20acSTR, SOFR and SONIA). </p><p>The fair value of the interest rate contracts using the above valuation method form the basis for the amount of collateral that is exchanged between a.s.r. and its counterparties in accordance with the underlying contracts. For more information see <a href=\"#n4295556\" title=\"Risk management\">section 7.8</a> on risk management. </p><p>Derivative assets of \u20ac\u00a013,721 million assets (2024: \u20ac\u00a010,323 million) and derivative liabilities \u20ac\u00a013,583 million liabilities (2024: \u20ac\u00a07,455 million) are expected to be recovered or settled more than one year after the balance sheet date. </p><div class=\"header header-2\">Hedge accounting </div><p>Macro fair value hedge accounting under the EU carve-out is applied by Aegon hypotheken and Knab (till date of disposal in 2024). </p><h3 class=\"table-title\">Derivatives designated as fair value hedges </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fair value changes mortgage loans recognised in profit or loss under EU carve-out </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-75 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>46 </i></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Offset amount of fair value changes recognised on derivatives used as hedging instrument </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total accounting ineffectiveness under EU carve-out recognised in profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11127": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293938\"><span class=\"number\">7.5.4 </span><span class=\"title-text\">Associates and joint ventures </span></h1><p>See accounting policy <a href=\"#n4294734\" title=\"Q. Associates and joint ventures\">Q</a>. </p><h3 class=\"table-title\">Associates and joint ventures </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:0%;\"/><col style=\"width:18%;\"/><col style=\"width:18%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Interest </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At equity method </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Associates and joint ventures </td><td class=\"valign-top startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">ranging between 10 % and 50 % </td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">408 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">457 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At FVTPL </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Real estate equity funds </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:top;\">ranging between 25 % and 85 % </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">5,265 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:top;\">4,775 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other equity funds </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">ranging between 0 % and 20 % </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">913 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">553 </td></tr></tbody></table><br/><p>The associates and joint ventures at equity method (\u20ac\u00a0408 million; 2024: \u20ac\u00a0457 million) consists of \u20ac\u00a0226 million associates (2024 : \u20ac\u00a0292 million) and \u20ac\u00a0183 million joint ventures (2024: \u20ac\u00a0165 million). </p><p>The main associates at equity method are OB Capital Cooperatief U.A. and N.V. Levensverzekering-Maatschappij 'De Hoop'. </p><p>The joint ventures at equity method are the real estate companies Amvest Vastgoed B.V. and Amvest Development Fund B.V. </p><p>Per 1 October 2025, HumanTotalCare no longer qualifies as an investment in associates following the acquisition of the remaining 55% of the shares and is fully consolidated, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>The real estate equity funds consist of the ASR Dutch Mobility Office Fund (ASR DMOF), ASR Dutch Prime Retail Fund (ASR DPRF), ASR Dutch Core Residential Fund (ASR DCRF), ASR Dutch Farmland Fund (ASR DFLF), ASR Dutch Science Parc Fund (ASR DSPF), Amvest Residential Core Fund (Amvest RCF) and Amvest Living &amp; Care Fund (Amvest LCF). </p><p>During 2025, a.s.r. lost control of ASR DSPF as voting rights for a.s.r. are capped to 40% following a change in the fund agreement. For more information see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.3</a>. </p><p>The other equity funds consist of five (2024: five) equity funds managed by a.s.r. <br/><br/>The interests in these funds are classified and presented as an investment at FVTPL. For more information, see <a href=\"#n4293979\" title=\"Investments\">section 7.5.5</a> and <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><p>Investments in associates and joint ventures generally have a duration of more than one year after the balance sheet date. </p><h3 class=\"table-title\">Changes in associates and joint ventures at equity method </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">457 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">426 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Acquisition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-63 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Share of profit/(loss) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dividend </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-48 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>408 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>457 </b></td></tr></tbody></table><br/><p>Some participating interests in which a.s.r. has an interest of less than 20% qualify as associates, because a.s.r. has significant influence as a result of contractual agreements. a.s.r. also has interests of 50% or more in associates at FVTPL. a.s.r. has no control over these entities as the ability to direct the relevant activities is limited by contractual agreements and therefore does not consolidate these entities. </p><p>The information disclosed in the following tables is based on the most recent financial information available from the associates and joint ventures. This is primarily based on the investee's financial statements and their accounting policies. If these policies differ from a.s.r.'s accounting policies, carrying amounts in a.s.r.\u2019s consolidated financial statements have been changed to be in line with a.s.r.\u2019s policies. </p><h3 class=\"table-title\">Financial information available from the associates and joint ventures </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-5 align-right border-bottom-1 border-right-1 colspan-4 headrow\" colspan=\"4\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2025 </th><th class=\"valign-bottom startCol-6 endCol-9 align-right border-bottom-1 border-left-1 colspan-4 headrow\" colspan=\"4\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2024 </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Associates and joint ventures at equity method </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Real estate equity funds </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other equity funds </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Associates and joint ventures at equity method </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Real estate equity funds </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other equity funds </th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">736 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12,974 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11,327 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25,037 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">864 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,752 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,812 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">154 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,597 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,759 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">260 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,590 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,862 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">142 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">454 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">839 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,435 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">260 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">396 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,554 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,210 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Result from continuing operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,062 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">831 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,934 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">839 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,545 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,425 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,025 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">831 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,894 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">839 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,545 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,428 </td></tr></tbody></table><br/><p>The total assets of the real estate equity funds consist primarily of investment property, \u20ac\u00a012,408 million (2024: \u20ac\u00a011,287 million) and \u20ac\u00a011,245 million (2024: \u20ac\u00a09,750 million) of the total assets of the other equity funds consist of equities. </p><p>The interest in the real estate equity funds are as follows: </p><h3 class=\"table-title\">Investments in real estate equity funds </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:18%;\"/><col style=\"width:18%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DPRF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">587 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">588 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DCRF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,055 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,000 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DFLF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,904 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,748 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DMOF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">148 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">149 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DSPF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">168 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amvest RCF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,097 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,012 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amvest LCF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">278 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,265 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,775 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11129": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293938\"><span class=\"number\">7.5.4 </span><span class=\"title-text\">Associates and joint ventures </span></h1><p>See accounting policy <a href=\"#n4294734\" title=\"Q. Associates and joint ventures\">Q</a>. </p><h3 class=\"table-title\">Associates and joint ventures </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:0%;\"/><col style=\"width:18%;\"/><col style=\"width:18%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Interest </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At equity method </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Associates and joint ventures </td><td class=\"valign-top startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">ranging between 10 % and 50 % </td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">408 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">457 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At FVTPL </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Real estate equity funds </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:top;\">ranging between 25 % and 85 % </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">5,265 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:top;\">4,775 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other equity funds </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">ranging between 0 % and 20 % </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">913 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">553 </td></tr></tbody></table><br/><p>The associates and joint ventures at equity method (\u20ac\u00a0408 million; 2024: \u20ac\u00a0457 million) consists of \u20ac\u00a0226 million associates (2024 : \u20ac\u00a0292 million) and \u20ac\u00a0183 million joint ventures (2024: \u20ac\u00a0165 million). </p><p>The main associates at equity method are OB Capital Cooperatief U.A. and N.V. Levensverzekering-Maatschappij 'De Hoop'. </p><p>The joint ventures at equity method are the real estate companies Amvest Vastgoed B.V. and Amvest Development Fund B.V. </p><p>Per 1 October 2025, HumanTotalCare no longer qualifies as an investment in associates following the acquisition of the remaining 55% of the shares and is fully consolidated, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>The real estate equity funds consist of the ASR Dutch Mobility Office Fund (ASR DMOF), ASR Dutch Prime Retail Fund (ASR DPRF), ASR Dutch Core Residential Fund (ASR DCRF), ASR Dutch Farmland Fund (ASR DFLF), ASR Dutch Science Parc Fund (ASR DSPF), Amvest Residential Core Fund (Amvest RCF) and Amvest Living &amp; Care Fund (Amvest LCF). </p><p>During 2025, a.s.r. lost control of ASR DSPF as voting rights for a.s.r. are capped to 40% following a change in the fund agreement. For more information see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.3</a>. </p><p>The other equity funds consist of five (2024: five) equity funds managed by a.s.r. <br/><br/>The interests in these funds are classified and presented as an investment at FVTPL. For more information, see <a href=\"#n4293979\" title=\"Investments\">section 7.5.5</a> and <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><p>Investments in associates and joint ventures generally have a duration of more than one year after the balance sheet date. </p><h3 class=\"table-title\">Changes in associates and joint ventures at equity method </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">457 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">426 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Acquisition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-63 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Share of profit/(loss) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dividend </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-48 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>408 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>457 </b></td></tr></tbody></table><br/><p>Some participating interests in which a.s.r. has an interest of less than 20% qualify as associates, because a.s.r. has significant influence as a result of contractual agreements. a.s.r. also has interests of 50% or more in associates at FVTPL. a.s.r. has no control over these entities as the ability to direct the relevant activities is limited by contractual agreements and therefore does not consolidate these entities. </p><p>The information disclosed in the following tables is based on the most recent financial information available from the associates and joint ventures. This is primarily based on the investee's financial statements and their accounting policies. If these policies differ from a.s.r.'s accounting policies, carrying amounts in a.s.r.\u2019s consolidated financial statements have been changed to be in line with a.s.r.\u2019s policies. </p><h3 class=\"table-title\">Financial information available from the associates and joint ventures </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-5 align-right border-bottom-1 border-right-1 colspan-4 headrow\" colspan=\"4\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2025 </th><th class=\"valign-bottom startCol-6 endCol-9 align-right border-bottom-1 border-left-1 colspan-4 headrow\" colspan=\"4\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2024 </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Associates and joint ventures at equity method </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Real estate equity funds </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other equity funds </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Associates and joint ventures at equity method </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Real estate equity funds </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other equity funds </th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">736 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12,974 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11,327 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25,037 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">864 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,752 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,812 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">154 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,597 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,759 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">260 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,590 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,862 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">142 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">454 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">839 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,435 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">260 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">396 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,554 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,210 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Result from continuing operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,062 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">831 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,934 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">839 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,545 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,425 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,025 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">831 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,894 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">839 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,545 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,428 </td></tr></tbody></table><br/><p>The total assets of the real estate equity funds consist primarily of investment property, \u20ac\u00a012,408 million (2024: \u20ac\u00a011,287 million) and \u20ac\u00a011,245 million (2024: \u20ac\u00a09,750 million) of the total assets of the other equity funds consist of equities. </p><p>The interest in the real estate equity funds are as follows: </p><h3 class=\"table-title\">Investments in real estate equity funds </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:18%;\"/><col style=\"width:18%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DPRF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">587 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">588 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DCRF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,055 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,000 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DFLF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,904 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,748 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DMOF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">148 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">149 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DSPF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">168 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amvest RCF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,097 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,012 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amvest LCF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">278 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,265 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,775 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11130": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293938\"><span class=\"number\">7.5.4 </span><span class=\"title-text\">Associates and joint ventures </span></h1><p>See accounting policy <a href=\"#n4294734\" title=\"Q. Associates and joint ventures\">Q</a>. </p><h3 class=\"table-title\">Associates and joint ventures </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:0%;\"/><col style=\"width:18%;\"/><col style=\"width:18%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Interest </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At equity method </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Associates and joint ventures </td><td class=\"valign-top startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">ranging between 10 % and 50 % </td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">408 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">457 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At FVTPL </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Real estate equity funds </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:top;\">ranging between 25 % and 85 % </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">5,265 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:top;\">4,775 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other equity funds </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">ranging between 0 % and 20 % </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">913 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">553 </td></tr></tbody></table><br/><p>The associates and joint ventures at equity method (\u20ac\u00a0408 million; 2024: \u20ac\u00a0457 million) consists of \u20ac\u00a0226 million associates (2024 : \u20ac\u00a0292 million) and \u20ac\u00a0183 million joint ventures (2024: \u20ac\u00a0165 million). </p><p>The main associates at equity method are OB Capital Cooperatief U.A. and N.V. Levensverzekering-Maatschappij 'De Hoop'. </p><p>The joint ventures at equity method are the real estate companies Amvest Vastgoed B.V. and Amvest Development Fund B.V. </p><p>Per 1 October 2025, HumanTotalCare no longer qualifies as an investment in associates following the acquisition of the remaining 55% of the shares and is fully consolidated, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>The real estate equity funds consist of the ASR Dutch Mobility Office Fund (ASR DMOF), ASR Dutch Prime Retail Fund (ASR DPRF), ASR Dutch Core Residential Fund (ASR DCRF), ASR Dutch Farmland Fund (ASR DFLF), ASR Dutch Science Parc Fund (ASR DSPF), Amvest Residential Core Fund (Amvest RCF) and Amvest Living &amp; Care Fund (Amvest LCF). </p><p>During 2025, a.s.r. lost control of ASR DSPF as voting rights for a.s.r. are capped to 40% following a change in the fund agreement. For more information see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.3</a>. </p><p>The other equity funds consist of five (2024: five) equity funds managed by a.s.r. <br/><br/>The interests in these funds are classified and presented as an investment at FVTPL. For more information, see <a href=\"#n4293979\" title=\"Investments\">section 7.5.5</a> and <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><p>Investments in associates and joint ventures generally have a duration of more than one year after the balance sheet date. </p><h3 class=\"table-title\">Changes in associates and joint ventures at equity method </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">457 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">426 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Acquisition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-63 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Share of profit/(loss) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dividend </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-48 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>408 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>457 </b></td></tr></tbody></table><br/><p>Some participating interests in which a.s.r. has an interest of less than 20% qualify as associates, because a.s.r. has significant influence as a result of contractual agreements. a.s.r. also has interests of 50% or more in associates at FVTPL. a.s.r. has no control over these entities as the ability to direct the relevant activities is limited by contractual agreements and therefore does not consolidate these entities. </p><p>The information disclosed in the following tables is based on the most recent financial information available from the associates and joint ventures. This is primarily based on the investee's financial statements and their accounting policies. If these policies differ from a.s.r.'s accounting policies, carrying amounts in a.s.r.\u2019s consolidated financial statements have been changed to be in line with a.s.r.\u2019s policies. </p><h3 class=\"table-title\">Financial information available from the associates and joint ventures </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-5 align-right border-bottom-1 border-right-1 colspan-4 headrow\" colspan=\"4\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2025 </th><th class=\"valign-bottom startCol-6 endCol-9 align-right border-bottom-1 border-left-1 colspan-4 headrow\" colspan=\"4\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2024 </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Associates and joint ventures at equity method </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Real estate equity funds </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other equity funds </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Associates and joint ventures at equity method </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Real estate equity funds </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other equity funds </th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">736 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12,974 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11,327 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25,037 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">864 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,752 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,812 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">154 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,597 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,759 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">260 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,590 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,862 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">142 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">454 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">839 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,435 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">260 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">396 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,554 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,210 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Result from continuing operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,062 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">831 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,934 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">839 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,545 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,425 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,025 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">831 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,894 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">839 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,545 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,428 </td></tr></tbody></table><br/><p>The total assets of the real estate equity funds consist primarily of investment property, \u20ac\u00a012,408 million (2024: \u20ac\u00a011,287 million) and \u20ac\u00a011,245 million (2024: \u20ac\u00a09,750 million) of the total assets of the other equity funds consist of equities. </p><p>The interest in the real estate equity funds are as follows: </p><h3 class=\"table-title\">Investments in real estate equity funds </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:18%;\"/><col style=\"width:18%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DPRF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">587 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">588 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DCRF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,055 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,000 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DFLF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,904 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,748 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DMOF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">148 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">149 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">ASR DSPF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">168 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amvest RCF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,097 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,012 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amvest LCF </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">278 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,265 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,775 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11159": {
   "value": "<div class=\"tanPageBreak start-node\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4293979\"><span class=\"number\">7.5.5 </span><span class=\"title-text\">Investments </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Investments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At FVTPL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">73,966 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75,119 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At FVOCI </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,638 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,841 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,537 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>79,141 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>80,593 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294012\"><span class=\"number\">7.5.5.1 </span><span class=\"title-text\">Investments at FVTPL </span></h1><h3 class=\"table-title\">Investments at FVTPL </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">639 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15,774 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,696 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,621 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,532 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,068 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,433 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,584 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73,966 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75,119 </b></td></tr></tbody></table><br/><p>Investments at FVTPL mainly decreased as a result of higher interest rates, exchange rate impacts and redemptions on investments. </p><p>In 2025, next to the annual update of the parameters used in the mortgage valuation models, a.s.r. processed several updates in the mortgage valuation models, which are considered a change in estimate. The mortgage spread model is updated in line with industry standards that were published in 2025, reducing the volatility of the mortgage spreads used in the valuation. For prepayments, the model is refined and parameters were updated. Total impact of the update on the mortgage valuation model and parameter update is a reduction of the fair value of mortgages of\u202f \u20ac\u00a0165 million, which had a negative impact on earnings before tax of the same amount. </p><p>For the real estate equity funds for which a.s.r. has significant influence the exemption of IAS 28 was used, thereby measuring the investments at FVTPL and presenting them as a separate category within the investments at FVTPL. For a breakdown of the real estate equity funds, see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. </p><p>Other investment funds consist amongst others of private debt funds of \u20ac\u00a01,136 million (2024: \u20ac\u00a0629 million) and private equity funds of \u20ac\u00a0590 million (2024: \u20ac\u00a0358 million). In 2025, debt equity funds are reclassified to other investment funds following the integration of Aegon life's investments towards a.s.r.'s target system for investments. </p><p>Private loans consists for \u20ac\u00a02,558 million (2024: \u20ac\u00a02,199 million) of savings-linked mortgage loans. </p><p>a.s.r. has bonds amounting to \u20ac\u00a03,226 million (2024: \u20ac\u00a03,427 million) and shares amounting to nil (2024: \u20ac\u00a010 million) that have been transferred, but do not qualify for derecognition. The majority of these investments are part of a securities lending programme whereby the investments are lent in exchange for a fee with collateral obtained as a security. The collateral furnished as security representing a fair value of \u20ac\u00a04,451 million (2024: \u20ac\u00a04,925 million) consists of mortgage loans and corporate and government bonds. See accounting policy <a href=\"#n4294686\" title=\"N. Securities lending\">N</a> about securities lending. </p><p>At year-end 2025 and 2024, debt instruments at FVTPL consisted entirely of investments mandatorily measured as such. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a059,987 million (2024: \u20ac\u00a058,171 million) of fixed income investments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><p>For more detailed information about the fair value valuation of the investments, see <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293998\"><span class=\"number\">7.5.5.2 </span><span class=\"title-text\">Investments at FVOCI </span></h1><h3 class=\"table-title\">Investments at FVOCI </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,491 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,696 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">135 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">134 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVOCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,638 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,841 </b></td></tr></tbody></table><br/><p>a.s.r. sold equity instruments held at FVOCI for an amount of \u20ac\u00a01,086 million (2024: \u20ac\u00a01,218 million) in the ordinary course of business. The sales resulted in a gain of \u20ac\u00a053 million (2024: \u20ac\u00a0156 million gain) which is directly recognised in retained earnings. The decrease was partly offset by acquisitions and positive fair value movements. </p><p>For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294041\"><span class=\"number\">7.5.5.3 </span><span class=\"title-text\">Investments at amortised cost </span></h1><h3 class=\"table-title\">Investments at amortised cost </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,529 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at amortised cost </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,537 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,633 </b></td></tr></tbody></table><br/><p>Certain mortgage loans shown within the category investments at amortised cost are designated in portfolio fair value interest rate hedging relationships, and are fair valued with respect to the hedged interest rate. For 2025, this resulted in a higher carrying value of \u20ac\u00a017 million (2024: \u20ac\u00a0109 million higher). None of the financial assets has been reclassified during the financial year. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a02,459 million (2024: 2,432 million) of debt instruments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294073\"><span class=\"number\">7.5.7 </span><span class=\"title-text\">Derivatives </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Derivatives </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives not designated in a hedge </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,206 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,534 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,438 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives designated as fair value hedges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">247 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">233 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">228 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr></tbody></table><br/><p>Derivatives consist primarily of derivatives used to hedge interest rate movements. Derivatives are classified mandatorily as FVTPL and changes in the fair value of derivatives at FVTPL are recorded in net fair value gains and (losses), see <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a>. </p><p>Derivatives held for mortgage loans of Aegon hypotheken to hedge the interest rate risk are designated under fair value hedge accounting using the EU carve-out on hedge accounting, only net accounting ineffectiveness has an impact on the net result (for more information, see below under hedge accounting). </p><p>a.s.r. trades both cleared and non-cleared derivatives on the basis of standardised contracts and exchanges cash variation margin with its counterparties. The derivatives are valued daily and cash collateral is exchanged to reflect the change in mark-to-market (MtM) of the derivatives. Because of this periodic margining process, counterparty risk on derivatives is negligible. </p><p>In addition to the above variation margin obligations, there is also an initial margin obligation for central cleared derivatives which further reduces the risk of a.s.r. and its counterparties that they cannot fulfil their obligations. </p><p>Notional amounts are not recognised as assets or liabilities in the balance sheet, however notional amounts are used in determining the fair value of the derivatives. Notional amounts do not reflect the potential gain or loss on a derivative transaction. </p><h3 class=\"table-title\">Derivatives by type of instrument </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-7 align-right border-bottom-1 border-left-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,068 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,172 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">265,404 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">230,555 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,211 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,266 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,446 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,340 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,874 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,776 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,724 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,476 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,246 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>300,255 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>261,302 </b></td></tr></tbody></table><br/><p>Net derivatives decreased primarily as a result of negative revaluations due to changes in the long-term interest swap rates compared to year-end 2024. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of accrued interest receivable and accrued interest payable on interest swaps is harmonised, resulting in an increase in the carrying amount of interest swaps of both the asset side as well as the liability side for the same amount. </p><p>Interest caps are part of the structured entities related to securitisation of mortgages (see <a href=\"#n4293782\" title=\"Borrowings\">section 7.5.17</a>). In 2025, following the integration of the Saecure entities in a.s.r.'s target system for investments, presentation of these back to back caps is updated and the caps are presented as separate assets and liabilities for the same amount. </p><p>The derivatives do not include the derivatives liabilities relating to direct participating insurance contracts of \u20ac\u00a0- 411 million (2024: \u20ac\u00a073 million assets). </p><p>In addition to the use of swaps and options a.s.r. manages interest rate risk by using bond forwards, included in interest rate contracts futures. </p><p>The notional amounts of both receiver and payer swaps are included in the total notional amounts of foreign exchange contracts. </p><p>The fair value of interest rate contracts is calculated by first determining the cash flows of the floating leg based on the Euribor-curve corresponding the interest reset period (3 months, 6 months or 12 months) of the swap. Then the net present value of the floating and fixed leg is determined by discounting the cash flows with the relevant curve (such as \u20acSTR, SOFR and SONIA). </p><p>The fair value of the interest rate contracts using the above valuation method form the basis for the amount of collateral that is exchanged between a.s.r. and its counterparties in accordance with the underlying contracts. For more information see <a href=\"#n4295556\" title=\"Risk management\">section 7.8</a> on risk management. </p><p>Derivative assets of \u20ac\u00a013,721 million assets (2024: \u20ac\u00a010,323 million) and derivative liabilities \u20ac\u00a013,583 million liabilities (2024: \u20ac\u00a07,455 million) are expected to be recovered or settled more than one year after the balance sheet date. </p><div class=\"header header-2\">Hedge accounting </div><p>Macro fair value hedge accounting under the EU carve-out is applied by Aegon hypotheken and Knab (till date of disposal in 2024). </p><h3 class=\"table-title\">Derivatives designated as fair value hedges </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fair value changes mortgage loans recognised in profit or loss under EU carve-out </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-75 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>46 </i></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Offset amount of fair value changes recognised on derivatives used as hedging instrument </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total accounting ineffectiveness under EU carve-out recognised in profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4294127\"><span class=\"number\">7.5.9 </span><span class=\"title-text\">Other assets </span></h1><p>See accounting policy <a href=\"#n4294751\" title=\"R. Other assets\">R</a>. </p><h3 class=\"table-title\">Other assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due from customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">103 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash collateral paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,723 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,341 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,483 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,053 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Taxes receivable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">175 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Prepaid costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>113 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>270 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,596 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,323 </b></td></tr></tbody></table><br/><p>Cash collateral paid increased by \u20ac\u00a02.4 billion as a result of higher derivative liabilities, mainly driven by rising interest rates. For more information regarding derivatives see <a href=\"#n4294073\" title=\"Derivatives\">section 7.5.7</a>. </p><p>An amount of \u20ac\u00a05,585 million (2024: \u20ac\u00a03,312 million) of other assets is expected to be recovered within one year after the balance sheet date. </p><p>The following table shows the recognized impairments on other assets. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Increase in impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment due to disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4294164\"><span class=\"number\">7.5.10 </span><span class=\"title-text\">Cash and cash equivalents </span></h1><p>See accounting policy <a href=\"#n4294766\" title=\"S. Cash and cash equivalents\">S</a>. </p><h3 class=\"table-title\">Cash and cash equivalents </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and bank balances </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,769 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,228 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term deposits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">220 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">336 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Money market investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,629 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,709 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,194 </b></td></tr></tbody></table><br/><p>All cash and cash equivalents are freely available. The cash components include no cash related to cash collateral on derivative instruments (2024: \u20ac\u00a02,663 million). </p><p>Interest expenses on cash collateral is mainly based on \u20acSTR (2024: \u20acSTR). </p><h1 class=\"S_PARAGRAPH\" id=\"n4293810\"><span class=\"number\">7.5.18 </span><span class=\"title-text\">Due to banks </span></h1><p>See accounting <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">policy E</a>. </p><p>The amounts due to banks decreased from \u20ac\u00a05,550 million to \u20ac\u00a04,110 million, mainly as a result of the decrease in liability recognised for cash collateral under ISDAs (International Swaps and Derivatives Association) and Client Clearing Agreements (CCA) concluded with counterparties and the settlement of repurchase agreements. There is no significant difference between the carrying amount and the fair value of these liabilities (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a>). The average interest rate for the cash collateral received in 2025 is 2.18% and based on \u20acSTR (2024: 3.65%). </p><p>In 2024 \u20ac\u00a0517 million of cash on the balance sheet has been borrowed by entering into repurchase agreements. The asset recognised for cash collateral paid on reverse repurchase agreements is presented under other financial assets. The liability recognised for cash collateral received on repurchase agreements is presented under due to banks. The liability related to cash collateral received on derivate instruments is also included in due to banks. In 2025 the repurchase agreements were settled. </p><p>a.s.r.'s unsecured Revolving Credit Facility (RCF) amounts to \u20ac\u00a0600 million in 2025 (2024: \u20ac\u00a0600 million). The RCF can be used for multiple purposes including investment purposes, balance sheet management and short-term cash flow management. As per year-end 2025 the RCF is undrawn and fully available. </p><p>a.s.r.'s overdraft facility amounts to \u20ac\u00a0150 million in 2025 (2024 \u20ac\u00a0150 million). This facility can be used in respect of a.s.r.'s residential mortgage business. As per year-end 2025 the overdraft facility is undrawn and fully available. </p><p>An amount of \u20ac\u00a03,449 million due to banks (2024: \u20ac\u00a05,158 million) is expected to be settled within twelve months after the balance sheet date. </p><h1 class=\"S_PARAGRAPH\" id=\"n4295297\"><span class=\"number\">7.7.1 </span><span class=\"title-text\">Fair value of assets and liabilities </span></h1><p>See accounting <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">policy B</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295313\"><span class=\"number\">7.7.1.1 </span><span class=\"title-text\">Financial assets and liabilities measured at fair value </span></h1><h3 class=\"table-title\">Breakdown of financial assets measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,946 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">317 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,263 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9,693 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,003 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,696 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">640 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">584 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,308 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,532 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,375 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,433 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>27,239 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,280 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>36,447 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73,966 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments related to direct participating insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,057 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,057 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,630 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,630 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,702 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,702 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">527 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">527 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">407 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">457 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">95 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">959 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-411 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-411 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,028 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,028 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,753 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,753 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">241 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">241 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,813 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,815 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>30,637 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>289 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,376 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33,302 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments at FVOCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,436 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,491 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">130 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">135 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,448 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>130 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>60 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,638 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial assets measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">34 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>44 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,860 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,989 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,709 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>62,358 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>27,279 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,883 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>128,520 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial liabilities measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,451 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,451 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial assets measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">562 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">639 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14,516 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,259 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15,774 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,854 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">767 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,621 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">740 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">608 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,068 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,535 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">19 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,584 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>25,704 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>12,346 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>37,070 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75,119 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments related to direct participating insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">352 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">352 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,373 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,373 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,375 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,375 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">333 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">333 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">299 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">224 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">373 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">896 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-31 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">104 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16,078 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16,078 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,421 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,421 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">245 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">245 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,493 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,124 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,617 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>28,850 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,697 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,478 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>33,025 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial assets measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments at FVOCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,643 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">53 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,696 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">129 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">134 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,654 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>129 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>57 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,841 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>84 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,684 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,564 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">1,629 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">4,194 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>59,855 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>27,485 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>39,606 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>126,946 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial liabilities measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,663 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,663 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr></tbody></table><br/><p>Cash and cash equivalents (excluding money market instruments) are classified as level 1 when not subject to restrictions. Money market instruments are classified as level 2. </p><h3 class=\"table-title\">Reclassification between categories </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>From </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 1: Fair value based on quoted prices in active market </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">119 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>119 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 2: Fair value based on observable market data </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">487 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>487 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 3: Fair value not based on observable market data </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><p>Debt instrument funds are adjusted from level 2 to level 1 (\u20ac\u00a0487 million) and from level 1 to level 2 (\u20ac\u00a0119 million). These movements are based respectively on increased and decreased observability of the inputs during the period. </p><h3 class=\"table-title\">Reclassification between categories </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>From </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 1: Fair value based on quoted prices in active market </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">73 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 2: Fair value based on observable market data </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">122 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>122 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 3: Fair value not based on observable market data </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><p>Debt instrument funds are adjusted from level 2 to level 1 (\u20ac\u00a0122 million) and from level 1 to level 2 (\u20ac\u00a073 million). These movements are based respectively on increased and decreased observability of the inputs during the period. </p><p>The following two tables show the movement in financial assets measured at fair value including investments relating to direct participating insurance contracts and investment property that are categorised within level 3. </p><h3 class=\"table-title\">Changes in financial assets classified as FVOCI categorised within level 3 </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">62 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Unrealised gains and losses recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>60 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>57 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in financial assets at FVTPL categorised within level 3 </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">39,548 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37,424 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in value of investments, realised/unrealised gains and losses: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Fair value gains and losses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-497 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,394 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,523 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,492 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disposals </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,924 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,467 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,424 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,193 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net transfer of real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">178 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Exchange rate differences </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other changes </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-575 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-110 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,823 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>39,548 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total revaluations of investments, held at end of period, recognised in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-474 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,381 </b></td></tr></tbody></table><br/><p>The net transfer of real estate equity funds relates to ASR DSPF. As per April 2025 a.s.r. lost control of ASR DSPF, see sections <a href=\"#n4293908\" title=\"Investment property\">7.5.3</a> and <a href=\"#n4293938\" title=\"Associates and joint ventures\">7.5.4</a>. </p><p>Other changes mainly relate to a reclassification of the savings part of savings mortgages of Aegon life from mortgage loans (level 3) to private loans (level 2) following harmonisation of the presentation of savings mortgages. </p><div class=\"header header-2\">Unobservable inputs used in determining the fair value for financial assets measured at fair value (recurring basis) that are categorised within level 3 </div><div class=\"header header-4\">Investments at FVOCI </div><p>The main non-observable market input for the equities classified as level 3 is the net asset value as published by the investee. It is estimated that a 10% increase in valuation of these equities would have no impact on net result due to the non-recycling nature of equity treatment, but would increase equity by \u20ac\u00a05 million (2024: \u20ac\u00a05 million), being approximately 0.1% (before tax) (2024: 0.1% (before tax)) of total equity. </p><div class=\"header header-4\">Investments at FVTPL </div><p>The mortgage loan portfolio is classified as level 3 'not measured on the basis of market observable data'. Non-observable market inputs are used in the valuation methods, in addition to the observable market inputs. The valuation method used to determine the fair value of the mortgage loan portfolio is based on the mortgage spread, adapted for a delayed response to interest rate movements, and of the risk-free interest rate curve and assumptions for unexpected full prepayments, originating costs, and the options related to early redemption and moving. In line with industry standards that were published in 2025, a.s.r. updated the mortgage spread model, reducing the volatility of the mortgage spreads used in the valuation. See <a href=\"#n4294012\" title=\"Investments at FVTPL\">section 7.5.5.1</a> for further details on the model update. </p><p>The mortgage loan portfolio consists of high-quality mortgages with a relatively fixed return, limited arrears. The mortgage loan portfolio consists only of Dutch mortgages with a limited counterparty default risk in line with the strategic investment plan, see <a href=\"#n4295846\" title=\"Counterparty default risk\">section 7.8.4</a>. </p><p>The fair value of asset-backed securities is based on quotes retrieved from brokers or data vendors. The quotes are validated monthly and challenged if deemed necessary. The fair value of securitisations are determined based on a discounted cash flow model in case market quotes are insufficiently liquid. </p><p>The main non-observable market input for the other investment funds classified as level 3 is the net asset value as published by the investee. It is estimated that a 10% increase in valuation of these equities would increase result before tax and equity by \u20ac\u00a0131 million (2024: \u20ac\u00a061 million), being approximately 1.3% (before tax) (2024: 0.6% (before tax)) of total equity. </p><p>The method of determining the fair value of the mortgage equity funds is based on the valuation of the underlying mortgage loans. The discounting curve used in this valuation is based on the two lowest tariffs in the market, excluding that of a.s.r. </p><p>The table on the next page discloses the sensitivities to non-observable market inputs for the real estate equity funds. </p><h3 class=\"table-title\">Unobservable and observable inputs used in determination of fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:25%;\"/><col style=\"width:9%;\"/><col style=\"width:15%;\"/><col style=\"width:7%;\"/><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-7 align-left colspan-7 headrow\" colspan=\"7\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Fair value </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Valuation technique </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Gross theoretical rental value (\u20ac) </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross yield (%) </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\"><b>Investments at fair value through profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Real estate equity funds associates </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,265 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">DCF </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">200,951,044 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Real estate equity funds third parties </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">838 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total real estate equity funds </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,102 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr></tbody></table><br/><h3 class=\"table-title\">Unobservable and observable inputs used in determination of fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:9%;\"/><col style=\"width:15%;\"/><col style=\"width:7%;\"/><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-7 align-left colspan-7 headrow\" colspan=\"7\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Fair value </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Valuation technique </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Gross theoretical rental value (\u20ac) </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross yield (%) </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\"><b>Investments at fair value through profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Real estate equity funds associates </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,485 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">DCF </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">118,027,068 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.4% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Real estate equity funds third parties </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,943 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total real estate equity funds </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,428 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr></tbody></table><br/><p>The significant inputs to the level 3 values of real estate equity funds associates are disclosed in <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">accounting policy B. </a></p><p>An increase (decrease) in the gross yield in isolation will result in a lower (higher) fair value of the real estate equity funds associates. An increase (decrease) in the theoretical rental value in isolation will result in a higher (lower) fair value. </p><p>The main non-observable market input for the real estate equity funds third parties is the net asset value as published by the investee. An increase or decrease in the net asset value of equities classified as level 3 will have a direct proportional impact on the fair value of the investment. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295332\"><span class=\"number\">7.7.1.2 </span><span class=\"title-text\">Financial assets and liabilities not measured at fair value </span></h1><h3 class=\"table-title\">Breakdown of financial assets and liabilities not measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-6 endCol-6 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 december 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total carrying value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,479 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,479 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,529 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,876 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">607 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,483 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,483 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,876 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>607 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,487 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,970 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,020 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,695 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,695 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,503 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,202 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">120 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,322 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,301 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,344 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">766 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,110 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,110 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">50 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">622 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">672 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">672 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,394 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,285 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>120 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>9,799 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>9,585 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial assets and liabilities not measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-6 endCol-6 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total carrying value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,576 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,576 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,559 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">494 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,053 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,053 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,559 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>494 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,585 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,639 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,687 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,205 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,205 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,007 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,062 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,136 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,135 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,429 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">121 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,550 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,550 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">605 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">629 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">620 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,453 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,993 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>74 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,520 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,312 </b></td></tr></tbody></table><br/><p>The method of determining the fair value of the mortgage loans at amortised cost is the same to that of mortgage loans held at FVTPL. For information regarding the measurement of the fair value of the mortgage loans, see <a href=\"#n4295313\" title=\"Financial assets and liabilities measured at fair value\">section 7.7.1.1</a>. </p><p>Amounts due to banks classified as level 1 comprise the liability recognised for the cash collateral received. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295347\"><span class=\"number\">7.7.1.3 </span><span class=\"title-text\">Property (including land and buildings for own use and plant) </span></h1><h3 class=\"table-title\">Breakdown of the fair value of the investment property, land and buildings for own use and plant </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,220 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,220 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land and buildings for own use </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">143 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">143 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Plants </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">353 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">353 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,716 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,716 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of the fair value of the investment property, land and buildings for own use and plant </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair Value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair Value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,364 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,364 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land and buildings for own use </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">164 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">164 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Plants </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">386 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">386 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,913 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,913 </b></td></tr></tbody></table><br/><p>The property portfolio is classified as a level 3 \u2018not measured on the basis of market observable market data\u2019. Non- observable market inputs are used in the valuation methods, in addition to the observable market inputs. The fair value measurement at reporting date is based on valuations by independent professional appraisers. These valuations have been performed annually, with quarterly updates, for the entire portfolio of investment property, buildings for own use and plant. Independent professional appraisers use reference transactions of comparable properties, in combination with the DCF and income capitalisation method, to determine the fair value of the property or plant. The reference transactions of comparable objects of the property portfolio are generally based on observable data consisting of the land register \u2018<i>Kadaster</i>\u2019 and the rural land price monitor as published by the Dutch Government \u2018<i>Grondprijsmonitor</i>\u2019 in an active property market. </p><p>The property has a relatively fixed return. The property portfolio is well diversified and consists of residential, retail, offices and rural property, throughout the Netherlands. The retail portfolio focusses on core retail locations with relative low vacancy rates. The following table shows a breakdown of the fair value and vacancy rates of the portfolio of investment property. </p><h3 class=\"table-title\">Breakdown of investment property </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:17%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">Fair value </th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">Vacancy rate </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Retail </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">61 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">153 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2.4% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.1% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Residential </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,678 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">2,512 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1.6% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">1.7% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Rural </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">244 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">220 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Offices </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">212 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">399 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">40.3% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">15.4% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Property under development </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">100.0% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">100.0% </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Parking </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,220 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,364 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4.3% </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5.2% </b></td></tr></tbody></table><br/><p>The movements in plant and investment property measured at fair value (recurring basis) that are categorised within level 3 are presented in <a href=\"#n4293890\" title=\"Property, plant and equipment\">section 7.5.2</a> and <a href=\"#n4293908\" title=\"Investment property\">section 7.5.3</a>. </p><p>The significant inputs to the level 3 values of investment property are disclosed in <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">accounting policy B. </a></p><p>An increase (decrease) in the gross yield in isolation will result in a lower (higher) fair value of the investment property and land and buildings for own use. An increase (decrease) in the theoretical rental value in isolation will result in a higher (lower) fair value. </p><p>The significant unobservable and observable inputs to the Level 3 values of plant are the energy prices and market interest rates. An increase (decrease) of the discount rate will lead to a lower (higher) fair value measurement </p><p>The table below discloses the sensitivities to non-observable market inputs for the property portfolio (excluding property under development, parking and plant). </p><h3 class=\"table-title\">Unobservable and observable inputs used in determination of fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:26%;\"/><col style=\"width:15%;\"/><col style=\"width:16%;\"/><col style=\"width:11%;\"/><col style=\"width:15%;\"/><col style=\"width:9%;\"/><col style=\"width:8%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-7 align-left colspan-7 headrow\" colspan=\"7\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Fair value </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Valuation technique </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Gross theoretical rental value (\u20ac) </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross yield (%) </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\"><b>Investment property - Fair value model </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Retail </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">61 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,166,637 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">3.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">744,980 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">6.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">95,250 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">1.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Residential </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,678 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">110,074,304 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">4.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">5,733,508 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">12.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Rural </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">244 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">5,828,651 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2.4% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,351,106 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">3.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">13,336 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">1.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Offices </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">212 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">12,488,319 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">5.9% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">7,321,181 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">8.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Property under development </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">10 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Parking </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">13 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\"><b>Land and buildings for own use </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\"><b>143 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">10,509,850 </td><td class=\"valign-middle startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">7.3% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">8,966,945 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">13.6% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">1,542,905 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">7.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\"><b>Plant </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\"><b>353 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,716 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr></tbody></table><br/><h3 class=\"table-title\">Unobservable and observable inputs used in determination of fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:15%;\"/><col style=\"width:16%;\"/><col style=\"width:11%;\"/><col style=\"width:15%;\"/><col style=\"width:9%;\"/><col style=\"width:8%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-7 align-left colspan-7 headrow\" colspan=\"7\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Fair value </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Valuation technique </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Gross theoretical rental value (\u20ac) </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross yield (%) </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\"><b>Investment property - Fair value model </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Retail </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">153 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">10,744,691 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">7.0% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1,871,288 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">11.6% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">104,781 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2.4% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Residential </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2,512 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">126,143,320 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">5.0% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">5,438,948 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">11.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">5,179 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2.6% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Rural </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">220 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">5,646,002 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2.6% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2,043,427 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">3.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">12,900 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Offices </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">399 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">19,446,857 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">4.9% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">6,440,939 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">9.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">60,128 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">3.4% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Property under development </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">67 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Parking </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">13 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\"><b>Land and buildings for own use </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:middle;\"><b>163 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:middle;\">14,465,170 </td><td class=\"valign-middle startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:middle;\">9.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">8,663,755 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">22.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1,542,905 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">6.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:middle;\"><b>Plant </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right\" style=\"text-align:right;vertical-align:middle;\"><b>386 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,913 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4295367\"><span class=\"number\">7.7.3 </span><span class=\"title-text\">Offsetting of financial assets and liabilities </span></h1><p>The following tables include information about rights to offset and the related arrangements. The amounts included consist of all recognised financial instruments that are presented net in the balance sheet under the IFRS-EU offsetting requirements (legal right to offset and intention to settle on a net basis) and amounts presented gross in the balance sheet but subject to enforceable master netting arrangements or similar arrangements. </p><p>a.s.r. mitigates credit risk in derivative contracts by entering into collateral agreements, where practical, and in ISDA master netting agreements for each of the legal entities of a.s.r. to facilitate a.s.r.\u2019s right to offset credit risk exposure. The credit support agreement will normally dictate the threshold over which collateral needs to be pledged by a.s.r. or its counterparty. Transactions requiring a.s.r. or its counterparty to post collateral are typically the result of over-the-counter derivative trades, comprised mostly of interest rate swaps, currency swaps and credit swaps. These transactions are conducted under terms that are customary to standard borrowing, derivative, securities lending and securities borrowing activities, as well as requirements determined by exchanges where the bank acts as intermediary. </p><h3 class=\"table-title\">Offsetting of financial assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:12%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:12%;\"/><col style=\"width:14%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Gross amounts of recognised financial assets </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Gross amounts of recognised financial liabilities set off in the balance sheet </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Net amounts of financial assets presented in the balance sheet </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Related amounts not set off in the balance sheet </b></th><th class=\"valign-bottom startCol-6 endCol-7 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Net amount </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Financial instruments </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Cash Collateral received (excluding surplus) </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,631 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,631 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,302 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,344 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,985 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,631 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,631 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,302 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,344 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,985 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,704 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,704 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,149 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,261 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">294 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,704 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,704 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,149 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,261 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>294 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Offsetting of financial liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:12%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:12%;\"/><col style=\"width:14%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Gross amounts of recognised financial liabilities </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Gross amounts of recognised financial assets set off in the balance sheet </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Net amounts of financial liabilities presented in the balance sheet </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Related amounts not set off in the balance sheet </b></th><th class=\"valign-bottom startCol-6 endCol-7 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Net amount </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Financial instruments </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Cash Collateral pledged (excluding surplus) </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,452 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,452 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,302 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,358 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,792 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,452 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,452 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,302 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,358 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,792 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,664 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,664 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,149 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">515 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,664 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,664 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,149 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>515 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4295846\"><span class=\"number\">7.8.4 </span><span class=\"title-text\">Counterparty default risk </span></h1><p>Counterparty default risk reflects possible losses due to unexpected default or deterioration in the credit standing of counterparties and debtors. Counterparty default risk affects several types of assets: </p><ul><li><p>mortgages </p></li><li><p>savings-linked mortgage loans </p></li><li><p>derivatives </p></li><li><p>reinsurance </p></li><li><p>receivables </p></li><li><p>cash and cash equivalents </p></li></ul><p>Assets that are in scope of spread risk are, by definition, not in scope of counterparty default risk and vice versa. The Solvency II regime makes a distinction between two types of exposures: </p><ul><li><p>Type 1: These counterparties generally have a rating (reinsurance, derivatives, current account balances, deposits with ceding companies and issued guarantee (letter of credit). The exposures are not diversified. </p></li><li><p>Type 2: These counterparties are normally unrated (receivables from intermediaries and policyholders, mortgages with private individuals or SMEs). The exposures are generally diversified. </p></li></ul><p>The total capital requirement for counterparty risk is an aggregation of the capital requirement for type 1 exposure and the capital requirement for type 2 exposure by taking 75% correlation. </p><h3 class=\"table-title\">Counterparty default risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Type 1 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">144 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">159 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Type 2 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">96 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">234 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diversification </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>369 </b></td></tr></tbody></table><br/><p>In 2025, the Solvency II SF Counterparty default has decreased with \u20ac\u00a0143 million. The counterparty risk type 1 is lower compared to previous year, mainly due to the decreased cash position. The counterparty risk type 2 is significantly lower per year-end 2025, mainly due to the introduction of PIM for a.s.r. life, as a.s.r. life's mortgage portfolio is now in the scope of spread risk. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295918\"><span class=\"number\">7.8.4.1 </span><span class=\"title-text\">Mortgages </span></h1><p>Mortgages are granted for the account and risk of third parties and for a.s.r.\u2019s own account. The a.s.r. portfolio consists only of Dutch mortgages with a limited counterparty default risk. The fair value of a.s.r.\u2019s mortgage portfolio in scope of Counterparty default risk is \u20ac\u00a02,789 million at year-end 2025 (2024: \u20ac\u00a011,846 million). The decrease in exposure is mainly due to the introduction of PIM for a.s.r. life, as a.s.r. life's mortgage portfolio is now in the scope of spread risk. </p><p>Please note that the mortgages of Aegon life, a.s.r. life and Aegon spaarkas are in scope of Solvency II IM spread risk. </p><h3 class=\"chart-title\">Composition mortgage portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/133.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><p>The Loan-to-Value ratio is based on the value of the mortgage according to Solvency II principals with respect to the a.s.r. calculated collateral. The percentage of mortgages which are in arrears for over three months remained stable at 0.04% in 2025 (2024: 0.04%). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295938\"><span class=\"number\">7.8.4.2 </span><span class=\"title-text\">Savings-linked mortgage loans </span></h1><p>The counterparty default risk of the savings-linked mortgage loans ('Spaarlossen') depends on the counterparty. For 11% of the portfolio, the counterparties are Special Purpose Vehicles. The risk is limited due to the robust quality of the mortgages in the Special Purpose Vehicles in combination with the tranching. a.s.r. has a cession-retrocession agreement with the counterparty for 86% of the portfolio, for which the risk is limited. Effectively, a.s.r. recognises the underlying receivable from the counterparty (or in the case of insolvency of the counterparty the mortgage loans transfers as collateral), mitigating the counterparty default risk of the savings-linked mortgage loans. </p><h3 class=\"chart-title\">Composition savings-linked mortgage loans portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/134.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295998\"><span class=\"number\">7.8.4.3 </span><span class=\"title-text\">Derivatives </span></h1><p>Over the Counter (OTC) derivatives are primarily used by a.s.r. to manage the interest-rate risks incorporated into the insurance liabilities. Interest-rate derivatives are traded with a well-diversified and qualitative dealer panel with whom there is an established International Swaps and Derivatives Association (ISDA) contract and a Credit Support Annex (CSA) in place. These CSAs include specific agreements on the exchange of collateral limiting market and counterparty risk. The outstanding value of the interest rate derivative positions is matched by collateral received from eligible counterparties, minimising the net counterparty default risk. In addition, a sizeable part of the interest-rate swap portfolio (and virtually all new interest rate swaps) are centrally cleared, which significantly reduces counterparty default risk. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295978\"><span class=\"number\">7.8.4.4 </span><span class=\"title-text\">Reinsurance </span></h1><p>a.s.r. collaborates with reinsurers. When entering into reinsurance contracts a.s.r. requires the counterparty to be rated at least single A. With respect to long-tail business and other sectors, the minimum permitted rating is single A. </p><p>The table shows the exposure to reinsurers which are in scope of counterparty default risk. The total exposure to reinsurers at year-end 2025 was \u20ac\u00a0274 million (2024: \u20ac\u00a0340 million). Counterparty default risk is immaterial for Aegon life\u2019s reinsurance exposure and therefore not in scope of the Composition table. As of 2025 part of the insurance portfolio of a.s.r. health is internally reinsured by a.s.r. non-life. On group level these reinsurance contracts do not contribute to Counterparty default risk and therefore not in scope of the Composition table. </p><h3 class=\"chart-title\">Composition reinsurance counterparties by rating </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/135.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295958\"><span class=\"number\">7.8.4.5 </span><span class=\"title-text\">Receivables </span></h1><p>The receivables with a counterparty default risk amounted to \u20ac\u00a0637 million at year-end 2025. This consists of Health insurance fund receivables (\u20ac\u00a0182 million), intermediaries receivables (\u20ac\u00a097 million), policyholders receivables (\u20ac\u00a046 million) and other (non-insurance) receivables (\u20ac\u00a0311 million). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295871\"><span class=\"number\">7.8.4.6 </span><span class=\"title-text\">Cash and cash equivalents </span></h1><p>The current accounts in scope of counterparty default risk amounted \u20ac\u00a01,105 million in 2025 (2024: \u20ac\u00a02,494 million), this excludes commercial papers. </p><h3 class=\"table-title\">Composition cash accounts by rating </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>31 December 2025 </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">AAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">40 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">AA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">117 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">176 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">A </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">988 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,278 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Lower than A </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">0 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,105 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,494 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295891\"><span class=\"number\">7.8.4.7 </span><span class=\"title-text\">Expected credit loss </span></h1><p>The recognition and measurement of impairments is forward-looking, and apply to all debt instruments measured at amortised cost and at FVOCI. Initially, a provision is required for credit losses expected within the next 12 months. This is referred to as \u2018Stage 1\u2019. If there is a significant increase in credit risk between the moment of origination and the reporting date, but the exposure is not in default, the exposure is in \u2018Stage 2\u2019. If the exposure is in default, this is referred to as \u2018Stage 3\u2019. For both \u2018Stage 2\u2019 and \u2018Stage 3\u2019, a provision is required for expected credit losses over the remaining lifetime of the financial asset. </p><div class=\"header header-2\">Expected credit loss measurement </div><p>The impairment requirements outline a \u2018three-stage\u2019 model for impairment based on changes in credit quality since initial recognition as summarised below: </p><ol><li><p>A financial instrument that is not credit-impaired on initial recognition is classified into \u2018Stage 1\u2019 and has its credit risk continuously monitored by a.s.r.: <br/>a) If a significant increase in credit risk (\u2018SICR\u2019) since initial recognition is identified, the financial instrument is moved to \u2018Stage 2\u2019 but is not yet deemed to be credit impaired. <br/>b) If the financial instrument is credit-impaired, the financial instrument is then moved to \u2018Stage 3\u2019. </p></li><li><p>Financial instruments in Stage 1 have their ECL measured at a 12-month expected credit losses that result from default events possible within the next 12 months. </p></li><li><p>Financial instruments in Stages 2 or 3 have their ECL measured based on expected credit losses on a lifetime basis. </p></li></ol><p>ECL is measured on either a 12-month basis (Stage 1) or lifetime basis (Stages 2/3) depending on whether a significant increase in credit risk has occurred since initial recognition or whether an asset is considered to be credit-impaired. </p><p>Expected credit losses are the discounted product of the Probability of Default (PD), Exposure at Default (EAD), and Loss Given Default (LGD), defined as follows: </p><ul><li><p>PD represents the likelihood of a borrower defaulting on its financial obligation, either over the next 12 months (12-month PD), or over the remaining lifetime (lifetime PD) of the obligation; </p></li><li><p>EAD is based on the amounts a.s.r. expects to be owed at the time of default, over the next 12 months (12-month EAD) or over the remaining lifetime (lifetime EAD); </p></li><li><p>LGD represents a.s.r.\u2019s expectation of the extent of the loss on a defaulted exposure. LGD varies by type of counterparty, type and seniority of the claim, and availability of collateral or other credit support. LGD is expressed as a percentage loss per unit of exposure at the time of default (EAD). LGD is calculated on a 12-month or lifetime basis, where the 12-month LGD is the percentage of loss expected to be made if the default occurs in the next 12 months, and the lifetime LGD is the percentage of loss expected to be made if the default occurs over the remaining expected lifetime of the loan. </p></li></ul><p>A pervasive concept in measuring ECL is that it should consider forward-looking information. a.s.r. has performed historical analyses to identify the key economic variables impacting credit risk and expected credit losses for each portfolio. Expert judgment was also applied in this process. </p><p>a.s.r. employs a model to calculate ECL on the asset class mortgage loans at amortised cost. </p><p>Asset classes not covered by the ECL calculations are considered either to have immaterial credit risk or to be short-term in nature. </p><p>Given the nature and credit quality of the mortgage loans measured at amortised cost, with only limited number of mortgages with payment arrears and in general sufficient collateral, the total loss allowance of mortgages that is recognised per 31 December 2025 is less than \u20ac\u00a01 million (31 December 2024: less than \u20ac\u00a01 million), with no material transfers between Stage 1, Stage 2 and Stage 3 for the reported period. </p><p>The total of undiscounted ECL at initial recognition for purchased or originated credit-impaired financial assets recognised during 2025 amounts to \u20ac\u00a00 million (2024: \u20ac\u00a00 million), as no credit-impaired financial assets are originated or purchased by a.s.r. </p><p>The following tables further specify the changes in gross carrying amounts of the mortgage loans measured at amortised cost. The gross carrying amounts in these tables are the clean values, thus excluding the accrued interest. </p><h3 class=\"table-title\">Changes in gross carrying amounts of mortgage loans measured at amortised cost </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 1 <br/>(12-month ECL) </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 2 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 3 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,566 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Stage transfers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases and originations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">173 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">173 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-198 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-200 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other changes </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-69 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-69 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross carrying amount at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,444 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>81 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,529 </b></td></tr></tbody></table><br/><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 1 <br/>(12-month ECL) </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 2 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 3 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14,121 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">414 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14,552 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Stage transfers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">34 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases and originations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">408 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">410 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-322 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-330 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11,730 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-320 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12,063 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other changes </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross carrying amount at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,566 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,624 </b></td></tr></tbody></table><br/><p>Per 31 December 2025, private loans measured at amortised cost are in Stage 1 for an amount of \u20ac\u00a08 million, and nil in Stage 2 and Stage 3 (31 December 2024: \u20ac\u00a09 million in Stage 1, nil in Stage 2 and Stage 3). </p><h1 class=\"S_PARAGRAPH\" id=\"n4296018\"><span class=\"number\">7.8.5 </span><span class=\"title-text\">Liquidity risk </span></h1><div class=\"header header-2\">Definition and Framework </div><p>Liquidity risk is the risk that a company is not able to meet its financial obligations to policyholders and other creditors when they become due and payable, at a reasonable cost and in a timely manner. This risk is not quantified in the Solvency Capital Requirement (SCR). </p><p>Liquidity risk management has several levels: </p><ul><li><p>Short-term management: This covers the day-to-day cash requirements and aims to meet short-term liquidity risk targets. </p></li><li><p>Medium-to-long-term management: This considers the strategic matching of liquidity and funding needs in different business conditions. This is also part of the strategic asset allocation process. </p></li><li><p>Stress management: This refers to the ability to respond to a potential crisis resulting from a market event and/or a company-specific event. </p></li></ul><div class=\"header header-2\">Sources of Liquidity Risk </div><p>Although a significant proportion of the investment portfolio can be quickly converted into cash under normal circumstances, some assets, such as private loans, mortgage loans, real estate, may not be possible to sell at a reasonable price on short notice. Specific events that can have a sudden, adverse impact on available liquidity include: </p><ul><li><p>A large change in interest rates or credit spreads. </p></li><li><p>Insolvency or loss of confidence of a counterparty were current accounts or credit facility is held. </p></li><li><p>Unexpected lapses in the insurance portfolios. </p></li><li><p>Margin calls related to derivative agreements. </p></li><li><p>General market circumstances in which liquidity becomes scarce. </p></li></ul><div class=\"header header-2\">Monitoring and Stress Testing </div><p>The liquidity position is monitored continuously through various reports, such as the Liquiditeiten Allocatie Plan and the Liquidity Stress Test. The latter tests the ability to meet all potential cash demands and is conducted for at least two scenarios: </p><ol><li><p>Base scenario: Assumes current market conditions ('business as usual'). </p></li><li><p>Stressed scenario: A scenario in which both liabilities and assets are stressed. This represents a very extreme scenario with respect to the materialization of liquidity risk. </p></li></ol><div class=\"header header-2\">Risk Mitigation Techniques </div><p>The policy aims to ensure that sufficient highly liquid assets are held to meet all payment obligations, both in normal and extreme conditions. The primary mitigation techniques are: </p><ul><li><p>Holding liquid assets: A buffer of liquid assets is maintained, comprising of cash, and cash equivalents and investment-grade securities for which there is an active and liquid market. Furthermore, a portion of liquid assets must be held in overnight liquidity. </p></li><li><p>External funding facilities: To ensure liquidity under all market circumstances, committed external facilities are available, such as repo-facilities and liquidity facilities with third parties. </p></li><li><p>Strategic Asset Allocation: The strategic asset allocation reflects the expected and contingent liquidity needs of the liabilities. </p></li><li><p>Contingency planning: An adequate and up-to-date policy and contingency plan are in place to enable management to act effectively and efficiently in times of crisis. </p></li></ul><p>The following table shows the contractual undiscounted cash flows of the insurance liabilities based on Solvency II. All other line items as well as the total carrying value are based on IFRS principles. </p><p>The insurance liabilities include the impact of expected lapses and mortality as well as non-profit sharing cash flows. Profit sharing cash flows of insurance liabilities are not taken into account, nor are equities, property and swaptions. Furthermore, cash flows of the pension benefit obligations are taken into account. </p><h3 class=\"table-title\">Contractual cash flows </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Payable on demand </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-5 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 10 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Carrying value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">750 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,292 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32,597 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25,037 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">76,712 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">101,360 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pension Benefit Obligation </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">133 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,066 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,342 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,036 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,810 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">209 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,141 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,868 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,541 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,453 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,550 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,664 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">757 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,082 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,531 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9,585 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Future interest payments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">109 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">394 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">416 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,301 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,405 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>36,954 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>32,744 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>95,525 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>131,209 </b></td></tr></tbody></table><br/><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Payable on demand </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-5 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 10 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Carrying value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">712 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,352 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">29,731 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23,847 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75,592 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">102,565 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pension Benefit Obligation </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">125 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,012 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,292 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,001 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,037 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">768 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,091 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,996 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,310 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,397 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,448 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,322 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,052 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,070 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,312 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Future interest payments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">228 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">750 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">746 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,226 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,109 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,922 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>34,906 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>28,932 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>89,199 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>127,580 </b></td></tr></tbody></table><br/><p>The insurance contract liabilities contractual cash flows for the period 1-5 years can be split into: 1-2 years \u20ac\u00a015,314 million (2024 \u20ac\u00a013,455 million), 2-3 years \u20ac\u00a05,969 million (2024 \u20ac\u00a05,525 million), 3-4 years \u20ac\u00a05,807 million (2024 \u20ac\u00a05,479 million) and 4-5 years \u20ac\u00a05,506 million (2024 \u20ac\u00a05,271 million). </p><p>When the amount payable is not fixed the amount reported is determined by reference to the conditions existing at the reporting date. </p><p>Financial liabilities payable on demand include the liability recognised for cash collateral received under ISDAs, concluded with counterparties. The related cash collateral received is recognised as cash and cash equivalents, and not part of the liquidity risk exposure table. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11160": {
   "value": "<div class=\"tanPageBreak start-node\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4293979\"><span class=\"number\">7.5.5 </span><span class=\"title-text\">Investments </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Investments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At FVTPL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">73,966 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75,119 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At FVOCI </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,638 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,841 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,537 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>79,141 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>80,593 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294012\"><span class=\"number\">7.5.5.1 </span><span class=\"title-text\">Investments at FVTPL </span></h1><h3 class=\"table-title\">Investments at FVTPL </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">639 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15,774 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,696 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,621 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,532 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,068 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,433 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,584 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73,966 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75,119 </b></td></tr></tbody></table><br/><p>Investments at FVTPL mainly decreased as a result of higher interest rates, exchange rate impacts and redemptions on investments. </p><p>In 2025, next to the annual update of the parameters used in the mortgage valuation models, a.s.r. processed several updates in the mortgage valuation models, which are considered a change in estimate. The mortgage spread model is updated in line with industry standards that were published in 2025, reducing the volatility of the mortgage spreads used in the valuation. For prepayments, the model is refined and parameters were updated. Total impact of the update on the mortgage valuation model and parameter update is a reduction of the fair value of mortgages of\u202f \u20ac\u00a0165 million, which had a negative impact on earnings before tax of the same amount. </p><p>For the real estate equity funds for which a.s.r. has significant influence the exemption of IAS 28 was used, thereby measuring the investments at FVTPL and presenting them as a separate category within the investments at FVTPL. For a breakdown of the real estate equity funds, see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. </p><p>Other investment funds consist amongst others of private debt funds of \u20ac\u00a01,136 million (2024: \u20ac\u00a0629 million) and private equity funds of \u20ac\u00a0590 million (2024: \u20ac\u00a0358 million). In 2025, debt equity funds are reclassified to other investment funds following the integration of Aegon life's investments towards a.s.r.'s target system for investments. </p><p>Private loans consists for \u20ac\u00a02,558 million (2024: \u20ac\u00a02,199 million) of savings-linked mortgage loans. </p><p>a.s.r. has bonds amounting to \u20ac\u00a03,226 million (2024: \u20ac\u00a03,427 million) and shares amounting to nil (2024: \u20ac\u00a010 million) that have been transferred, but do not qualify for derecognition. The majority of these investments are part of a securities lending programme whereby the investments are lent in exchange for a fee with collateral obtained as a security. The collateral furnished as security representing a fair value of \u20ac\u00a04,451 million (2024: \u20ac\u00a04,925 million) consists of mortgage loans and corporate and government bonds. See accounting policy <a href=\"#n4294686\" title=\"N. Securities lending\">N</a> about securities lending. </p><p>At year-end 2025 and 2024, debt instruments at FVTPL consisted entirely of investments mandatorily measured as such. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a059,987 million (2024: \u20ac\u00a058,171 million) of fixed income investments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><p>For more detailed information about the fair value valuation of the investments, see <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293998\"><span class=\"number\">7.5.5.2 </span><span class=\"title-text\">Investments at FVOCI </span></h1><h3 class=\"table-title\">Investments at FVOCI </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,491 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,696 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">135 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">134 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVOCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,638 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,841 </b></td></tr></tbody></table><br/><p>a.s.r. sold equity instruments held at FVOCI for an amount of \u20ac\u00a01,086 million (2024: \u20ac\u00a01,218 million) in the ordinary course of business. The sales resulted in a gain of \u20ac\u00a053 million (2024: \u20ac\u00a0156 million gain) which is directly recognised in retained earnings. The decrease was partly offset by acquisitions and positive fair value movements. </p><p>For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294041\"><span class=\"number\">7.5.5.3 </span><span class=\"title-text\">Investments at amortised cost </span></h1><h3 class=\"table-title\">Investments at amortised cost </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,529 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at amortised cost </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,537 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,633 </b></td></tr></tbody></table><br/><p>Certain mortgage loans shown within the category investments at amortised cost are designated in portfolio fair value interest rate hedging relationships, and are fair valued with respect to the hedged interest rate. For 2025, this resulted in a higher carrying value of \u20ac\u00a017 million (2024: \u20ac\u00a0109 million higher). None of the financial assets has been reclassified during the financial year. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a02,459 million (2024: 2,432 million) of debt instruments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294127\"><span class=\"number\">7.5.9 </span><span class=\"title-text\">Other assets </span></h1><p>See accounting policy <a href=\"#n4294751\" title=\"R. Other assets\">R</a>. </p><h3 class=\"table-title\">Other assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due from customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">103 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash collateral paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,723 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,341 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,483 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,053 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Taxes receivable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">175 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Prepaid costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>113 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>270 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,596 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,323 </b></td></tr></tbody></table><br/><p>Cash collateral paid increased by \u20ac\u00a02.4 billion as a result of higher derivative liabilities, mainly driven by rising interest rates. For more information regarding derivatives see <a href=\"#n4294073\" title=\"Derivatives\">section 7.5.7</a>. </p><p>An amount of \u20ac\u00a05,585 million (2024: \u20ac\u00a03,312 million) of other assets is expected to be recovered within one year after the balance sheet date. </p><p>The following table shows the recognized impairments on other assets. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Increase in impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment due to disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4294164\"><span class=\"number\">7.5.10 </span><span class=\"title-text\">Cash and cash equivalents </span></h1><p>See accounting policy <a href=\"#n4294766\" title=\"S. Cash and cash equivalents\">S</a>. </p><h3 class=\"table-title\">Cash and cash equivalents </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and bank balances </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,769 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,228 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term deposits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">220 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">336 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Money market investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,629 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,709 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,194 </b></td></tr></tbody></table><br/><p>All cash and cash equivalents are freely available. The cash components include no cash related to cash collateral on derivative instruments (2024: \u20ac\u00a02,663 million). </p><p>Interest expenses on cash collateral is mainly based on \u20acSTR (2024: \u20acSTR). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11161": {
   "value": "<div class=\"tanPageBreak start-node\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4293979\"><span class=\"number\">7.5.5 </span><span class=\"title-text\">Investments </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Investments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At FVTPL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">73,966 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75,119 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At FVOCI </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,638 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,841 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,537 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>79,141 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>80,593 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294012\"><span class=\"number\">7.5.5.1 </span><span class=\"title-text\">Investments at FVTPL </span></h1><h3 class=\"table-title\">Investments at FVTPL </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">639 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15,774 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,696 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,621 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,532 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,068 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,433 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,584 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73,966 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75,119 </b></td></tr></tbody></table><br/><p>Investments at FVTPL mainly decreased as a result of higher interest rates, exchange rate impacts and redemptions on investments. </p><p>In 2025, next to the annual update of the parameters used in the mortgage valuation models, a.s.r. processed several updates in the mortgage valuation models, which are considered a change in estimate. The mortgage spread model is updated in line with industry standards that were published in 2025, reducing the volatility of the mortgage spreads used in the valuation. For prepayments, the model is refined and parameters were updated. Total impact of the update on the mortgage valuation model and parameter update is a reduction of the fair value of mortgages of\u202f \u20ac\u00a0165 million, which had a negative impact on earnings before tax of the same amount. </p><p>For the real estate equity funds for which a.s.r. has significant influence the exemption of IAS 28 was used, thereby measuring the investments at FVTPL and presenting them as a separate category within the investments at FVTPL. For a breakdown of the real estate equity funds, see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. </p><p>Other investment funds consist amongst others of private debt funds of \u20ac\u00a01,136 million (2024: \u20ac\u00a0629 million) and private equity funds of \u20ac\u00a0590 million (2024: \u20ac\u00a0358 million). In 2025, debt equity funds are reclassified to other investment funds following the integration of Aegon life's investments towards a.s.r.'s target system for investments. </p><p>Private loans consists for \u20ac\u00a02,558 million (2024: \u20ac\u00a02,199 million) of savings-linked mortgage loans. </p><p>a.s.r. has bonds amounting to \u20ac\u00a03,226 million (2024: \u20ac\u00a03,427 million) and shares amounting to nil (2024: \u20ac\u00a010 million) that have been transferred, but do not qualify for derecognition. The majority of these investments are part of a securities lending programme whereby the investments are lent in exchange for a fee with collateral obtained as a security. The collateral furnished as security representing a fair value of \u20ac\u00a04,451 million (2024: \u20ac\u00a04,925 million) consists of mortgage loans and corporate and government bonds. See accounting policy <a href=\"#n4294686\" title=\"N. Securities lending\">N</a> about securities lending. </p><p>At year-end 2025 and 2024, debt instruments at FVTPL consisted entirely of investments mandatorily measured as such. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a059,987 million (2024: \u20ac\u00a058,171 million) of fixed income investments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><p>For more detailed information about the fair value valuation of the investments, see <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293998\"><span class=\"number\">7.5.5.2 </span><span class=\"title-text\">Investments at FVOCI </span></h1><h3 class=\"table-title\">Investments at FVOCI </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,491 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,696 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">135 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">134 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVOCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,638 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,841 </b></td></tr></tbody></table><br/><p>a.s.r. sold equity instruments held at FVOCI for an amount of \u20ac\u00a01,086 million (2024: \u20ac\u00a01,218 million) in the ordinary course of business. The sales resulted in a gain of \u20ac\u00a053 million (2024: \u20ac\u00a0156 million gain) which is directly recognised in retained earnings. The decrease was partly offset by acquisitions and positive fair value movements. </p><p>For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294041\"><span class=\"number\">7.5.5.3 </span><span class=\"title-text\">Investments at amortised cost </span></h1><h3 class=\"table-title\">Investments at amortised cost </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,529 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at amortised cost </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,537 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,633 </b></td></tr></tbody></table><br/><p>Certain mortgage loans shown within the category investments at amortised cost are designated in portfolio fair value interest rate hedging relationships, and are fair valued with respect to the hedged interest rate. For 2025, this resulted in a higher carrying value of \u20ac\u00a017 million (2024: \u20ac\u00a0109 million higher). None of the financial assets has been reclassified during the financial year. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a02,459 million (2024: 2,432 million) of debt instruments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromBanksExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11162": {
   "value": "<div class=\"tanPageBreak start-node\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4293979\"><span class=\"number\">7.5.5 </span><span class=\"title-text\">Investments </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Investments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At FVTPL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">73,966 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75,119 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At FVOCI </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,638 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,841 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,537 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>79,141 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>80,593 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294012\"><span class=\"number\">7.5.5.1 </span><span class=\"title-text\">Investments at FVTPL </span></h1><h3 class=\"table-title\">Investments at FVTPL </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">639 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15,774 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,696 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,621 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,532 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,068 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,433 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,584 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73,966 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75,119 </b></td></tr></tbody></table><br/><p>Investments at FVTPL mainly decreased as a result of higher interest rates, exchange rate impacts and redemptions on investments. </p><p>In 2025, next to the annual update of the parameters used in the mortgage valuation models, a.s.r. processed several updates in the mortgage valuation models, which are considered a change in estimate. The mortgage spread model is updated in line with industry standards that were published in 2025, reducing the volatility of the mortgage spreads used in the valuation. For prepayments, the model is refined and parameters were updated. Total impact of the update on the mortgage valuation model and parameter update is a reduction of the fair value of mortgages of\u202f \u20ac\u00a0165 million, which had a negative impact on earnings before tax of the same amount. </p><p>For the real estate equity funds for which a.s.r. has significant influence the exemption of IAS 28 was used, thereby measuring the investments at FVTPL and presenting them as a separate category within the investments at FVTPL. For a breakdown of the real estate equity funds, see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. </p><p>Other investment funds consist amongst others of private debt funds of \u20ac\u00a01,136 million (2024: \u20ac\u00a0629 million) and private equity funds of \u20ac\u00a0590 million (2024: \u20ac\u00a0358 million). In 2025, debt equity funds are reclassified to other investment funds following the integration of Aegon life's investments towards a.s.r.'s target system for investments. </p><p>Private loans consists for \u20ac\u00a02,558 million (2024: \u20ac\u00a02,199 million) of savings-linked mortgage loans. </p><p>a.s.r. has bonds amounting to \u20ac\u00a03,226 million (2024: \u20ac\u00a03,427 million) and shares amounting to nil (2024: \u20ac\u00a010 million) that have been transferred, but do not qualify for derecognition. The majority of these investments are part of a securities lending programme whereby the investments are lent in exchange for a fee with collateral obtained as a security. The collateral furnished as security representing a fair value of \u20ac\u00a04,451 million (2024: \u20ac\u00a04,925 million) consists of mortgage loans and corporate and government bonds. See accounting policy <a href=\"#n4294686\" title=\"N. Securities lending\">N</a> about securities lending. </p><p>At year-end 2025 and 2024, debt instruments at FVTPL consisted entirely of investments mandatorily measured as such. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a059,987 million (2024: \u20ac\u00a058,171 million) of fixed income investments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><p>For more detailed information about the fair value valuation of the investments, see <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293998\"><span class=\"number\">7.5.5.2 </span><span class=\"title-text\">Investments at FVOCI </span></h1><h3 class=\"table-title\">Investments at FVOCI </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,491 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,696 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">135 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">134 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVOCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,638 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,841 </b></td></tr></tbody></table><br/><p>a.s.r. sold equity instruments held at FVOCI for an amount of \u20ac\u00a01,086 million (2024: \u20ac\u00a01,218 million) in the ordinary course of business. The sales resulted in a gain of \u20ac\u00a053 million (2024: \u20ac\u00a0156 million gain) which is directly recognised in retained earnings. The decrease was partly offset by acquisitions and positive fair value movements. </p><p>For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294041\"><span class=\"number\">7.5.5.3 </span><span class=\"title-text\">Investments at amortised cost </span></h1><h3 class=\"table-title\">Investments at amortised cost </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,529 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at amortised cost </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,537 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,633 </b></td></tr></tbody></table><br/><p>Certain mortgage loans shown within the category investments at amortised cost are designated in portfolio fair value interest rate hedging relationships, and are fair valued with respect to the hedged interest rate. For 2025, this resulted in a higher carrying value of \u20ac\u00a017 million (2024: \u20ac\u00a0109 million higher). None of the financial assets has been reclassified during the financial year. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a02,459 million (2024: 2,432 million) of debt instruments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromCustomersExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11163": {
   "value": "<div class=\"tanPageBreak start-node\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4293979\"><span class=\"number\">7.5.5 </span><span class=\"title-text\">Investments </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Investments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At FVTPL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">73,966 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75,119 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At FVOCI </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,638 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,841 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,537 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>79,141 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>80,593 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294012\"><span class=\"number\">7.5.5.1 </span><span class=\"title-text\">Investments at FVTPL </span></h1><h3 class=\"table-title\">Investments at FVTPL </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">639 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15,774 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,696 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,621 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,532 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,068 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,433 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,584 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73,966 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75,119 </b></td></tr></tbody></table><br/><p>Investments at FVTPL mainly decreased as a result of higher interest rates, exchange rate impacts and redemptions on investments. </p><p>In 2025, next to the annual update of the parameters used in the mortgage valuation models, a.s.r. processed several updates in the mortgage valuation models, which are considered a change in estimate. The mortgage spread model is updated in line with industry standards that were published in 2025, reducing the volatility of the mortgage spreads used in the valuation. For prepayments, the model is refined and parameters were updated. Total impact of the update on the mortgage valuation model and parameter update is a reduction of the fair value of mortgages of\u202f \u20ac\u00a0165 million, which had a negative impact on earnings before tax of the same amount. </p><p>For the real estate equity funds for which a.s.r. has significant influence the exemption of IAS 28 was used, thereby measuring the investments at FVTPL and presenting them as a separate category within the investments at FVTPL. For a breakdown of the real estate equity funds, see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. </p><p>Other investment funds consist amongst others of private debt funds of \u20ac\u00a01,136 million (2024: \u20ac\u00a0629 million) and private equity funds of \u20ac\u00a0590 million (2024: \u20ac\u00a0358 million). In 2025, debt equity funds are reclassified to other investment funds following the integration of Aegon life's investments towards a.s.r.'s target system for investments. </p><p>Private loans consists for \u20ac\u00a02,558 million (2024: \u20ac\u00a02,199 million) of savings-linked mortgage loans. </p><p>a.s.r. has bonds amounting to \u20ac\u00a03,226 million (2024: \u20ac\u00a03,427 million) and shares amounting to nil (2024: \u20ac\u00a010 million) that have been transferred, but do not qualify for derecognition. The majority of these investments are part of a securities lending programme whereby the investments are lent in exchange for a fee with collateral obtained as a security. The collateral furnished as security representing a fair value of \u20ac\u00a04,451 million (2024: \u20ac\u00a04,925 million) consists of mortgage loans and corporate and government bonds. See accounting policy <a href=\"#n4294686\" title=\"N. Securities lending\">N</a> about securities lending. </p><p>At year-end 2025 and 2024, debt instruments at FVTPL consisted entirely of investments mandatorily measured as such. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a059,987 million (2024: \u20ac\u00a058,171 million) of fixed income investments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><p>For more detailed information about the fair value valuation of the investments, see <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293998\"><span class=\"number\">7.5.5.2 </span><span class=\"title-text\">Investments at FVOCI </span></h1><h3 class=\"table-title\">Investments at FVOCI </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,491 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,696 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">135 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">134 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVOCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,638 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,841 </b></td></tr></tbody></table><br/><p>a.s.r. sold equity instruments held at FVOCI for an amount of \u20ac\u00a01,086 million (2024: \u20ac\u00a01,218 million) in the ordinary course of business. The sales resulted in a gain of \u20ac\u00a053 million (2024: \u20ac\u00a0156 million gain) which is directly recognised in retained earnings. The decrease was partly offset by acquisitions and positive fair value movements. </p><p>For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294041\"><span class=\"number\">7.5.5.3 </span><span class=\"title-text\">Investments at amortised cost </span></h1><h3 class=\"table-title\">Investments at amortised cost </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,529 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at amortised cost </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,537 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,633 </b></td></tr></tbody></table><br/><p>Certain mortgage loans shown within the category investments at amortised cost are designated in portfolio fair value interest rate hedging relationships, and are fair valued with respect to the hedged interest rate. For 2025, this resulted in a higher carrying value of \u20ac\u00a017 million (2024: \u20ac\u00a0109 million higher). None of the financial assets has been reclassified during the financial year. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a02,459 million (2024: 2,432 million) of debt instruments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294055\"><span class=\"number\">7.5.6 </span><span class=\"title-text\">Investments related to direct participating insurance contracts </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Investments related to direct participating insurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,057 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">352 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,630 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,373 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,702 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,375 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">527 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">333 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">959 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">896 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-411 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,028 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16,078 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,753 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,421 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">241 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">245 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,815 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,617 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments related to direct participating insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33,302 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>33,025 </b></td></tr></tbody></table><br/><p>Investments related to direct participating insurance contracts are mandatorily measured at FVTPL. </p><p>In 2025, a.s.r. harmonised the presentation of investments related to direct participating insurance contracts. Following this harmonisation, investments in mortgage equity funds are presented as mortgage loans. </p><p>Within other investments, an amount of \u20ac\u00a02,242 million (2024: \u20ac\u00a02,486 million) consists of cash and cash equivalents held within investment funds. </p><p>Direct participating insurance contracts are managed on behalf of policyholders on a fair value basis. Although individual instruments may (or may not) have a maturity depending on their nature, this does not impact the liquidity position <span style=\"white-space:nowrap;\">of a.s.r. </span></p><h1 class=\"S_PARAGRAPH\" id=\"n4294073\"><span class=\"number\">7.5.7 </span><span class=\"title-text\">Derivatives </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Derivatives </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives not designated in a hedge </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,206 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,534 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,438 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives designated as fair value hedges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">247 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">233 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">228 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr></tbody></table><br/><p>Derivatives consist primarily of derivatives used to hedge interest rate movements. Derivatives are classified mandatorily as FVTPL and changes in the fair value of derivatives at FVTPL are recorded in net fair value gains and (losses), see <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a>. </p><p>Derivatives held for mortgage loans of Aegon hypotheken to hedge the interest rate risk are designated under fair value hedge accounting using the EU carve-out on hedge accounting, only net accounting ineffectiveness has an impact on the net result (for more information, see below under hedge accounting). </p><p>a.s.r. trades both cleared and non-cleared derivatives on the basis of standardised contracts and exchanges cash variation margin with its counterparties. The derivatives are valued daily and cash collateral is exchanged to reflect the change in mark-to-market (MtM) of the derivatives. Because of this periodic margining process, counterparty risk on derivatives is negligible. </p><p>In addition to the above variation margin obligations, there is also an initial margin obligation for central cleared derivatives which further reduces the risk of a.s.r. and its counterparties that they cannot fulfil their obligations. </p><p>Notional amounts are not recognised as assets or liabilities in the balance sheet, however notional amounts are used in determining the fair value of the derivatives. Notional amounts do not reflect the potential gain or loss on a derivative transaction. </p><h3 class=\"table-title\">Derivatives by type of instrument </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-7 align-right border-bottom-1 border-left-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,068 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,172 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">265,404 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">230,555 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,211 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,266 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,446 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,340 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,874 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,776 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,724 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,476 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,246 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>300,255 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>261,302 </b></td></tr></tbody></table><br/><p>Net derivatives decreased primarily as a result of negative revaluations due to changes in the long-term interest swap rates compared to year-end 2024. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of accrued interest receivable and accrued interest payable on interest swaps is harmonised, resulting in an increase in the carrying amount of interest swaps of both the asset side as well as the liability side for the same amount. </p><p>Interest caps are part of the structured entities related to securitisation of mortgages (see <a href=\"#n4293782\" title=\"Borrowings\">section 7.5.17</a>). In 2025, following the integration of the Saecure entities in a.s.r.'s target system for investments, presentation of these back to back caps is updated and the caps are presented as separate assets and liabilities for the same amount. </p><p>The derivatives do not include the derivatives liabilities relating to direct participating insurance contracts of \u20ac\u00a0- 411 million (2024: \u20ac\u00a073 million assets). </p><p>In addition to the use of swaps and options a.s.r. manages interest rate risk by using bond forwards, included in interest rate contracts futures. </p><p>The notional amounts of both receiver and payer swaps are included in the total notional amounts of foreign exchange contracts. </p><p>The fair value of interest rate contracts is calculated by first determining the cash flows of the floating leg based on the Euribor-curve corresponding the interest reset period (3 months, 6 months or 12 months) of the swap. Then the net present value of the floating and fixed leg is determined by discounting the cash flows with the relevant curve (such as \u20acSTR, SOFR and SONIA). </p><p>The fair value of the interest rate contracts using the above valuation method form the basis for the amount of collateral that is exchanged between a.s.r. and its counterparties in accordance with the underlying contracts. For more information see <a href=\"#n4295556\" title=\"Risk management\">section 7.8</a> on risk management. </p><p>Derivative assets of \u20ac\u00a013,721 million assets (2024: \u20ac\u00a010,323 million) and derivative liabilities \u20ac\u00a013,583 million liabilities (2024: \u20ac\u00a07,455 million) are expected to be recovered or settled more than one year after the balance sheet date. </p><div class=\"header header-2\">Hedge accounting </div><p>Macro fair value hedge accounting under the EU carve-out is applied by Aegon hypotheken and Knab (till date of disposal in 2024). </p><h3 class=\"table-title\">Derivatives designated as fair value hedges </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fair value changes mortgage loans recognised in profit or loss under EU carve-out </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-75 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>46 </i></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Offset amount of fair value changes recognised on derivatives used as hedging instrument </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total accounting ineffectiveness under EU carve-out recognised in profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4294127\"><span class=\"number\">7.5.9 </span><span class=\"title-text\">Other assets </span></h1><p>See accounting policy <a href=\"#n4294751\" title=\"R. Other assets\">R</a>. </p><h3 class=\"table-title\">Other assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due from customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">103 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash collateral paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,723 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,341 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,483 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,053 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Taxes receivable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">175 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Prepaid costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>113 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>270 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,596 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,323 </b></td></tr></tbody></table><br/><p>Cash collateral paid increased by \u20ac\u00a02.4 billion as a result of higher derivative liabilities, mainly driven by rising interest rates. For more information regarding derivatives see <a href=\"#n4294073\" title=\"Derivatives\">section 7.5.7</a>. </p><p>An amount of \u20ac\u00a05,585 million (2024: \u20ac\u00a03,312 million) of other assets is expected to be recovered within one year after the balance sheet date. </p><p>The following table shows the recognized impairments on other assets. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Increase in impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment due to disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4294164\"><span class=\"number\">7.5.10 </span><span class=\"title-text\">Cash and cash equivalents </span></h1><p>See accounting policy <a href=\"#n4294766\" title=\"S. Cash and cash equivalents\">S</a>. </p><h3 class=\"table-title\">Cash and cash equivalents </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and bank balances </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,769 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,228 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term deposits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">220 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">336 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Money market investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,629 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,709 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,194 </b></td></tr></tbody></table><br/><p>All cash and cash equivalents are freely available. The cash components include no cash related to cash collateral on derivative instruments (2024: \u20ac\u00a02,663 million). </p><p>Interest expenses on cash collateral is mainly based on \u20acSTR (2024: \u20acSTR). </p><h1 class=\"S_PARAGRAPH\" id=\"n4294322\"><span class=\"number\">7.5.12 </span><span class=\"title-text\">Subordinated liabilities </span></h1><p>See accounting policy <a href=\"#n4294803\" title=\"U. Financing\">U</a>. </p><h3 class=\"table-title\">Subordinated liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:15%;\"/><col style=\"width:17%;\"/><col style=\"width:17%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Nominal amount </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Carrying value 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Carrying value 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Hybrid Tier 2 instrument 5.125% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">506 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Hybrid Tier 2 instrument 3.375% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">500 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">508 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">508 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Hybrid Tier 2 instrument 7.000% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,000 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">994 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">993 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total subordinated liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,500 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,503 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,007 </b></td></tr></tbody></table><br/><p>In 2015, a.s.r. issued \u20ac\u00a0500 million subordinated liabilities in the form of Tier 2 notes, and maturing on 29 September 2045. The coupon was fixed at 5.125% and paid annually on 29 September with a step up at the first call date. In March 2025, holders of the notes were offered to tender their notes for cash in accordance with the terms and conditions as set out in the Tender Offer Memorandum. The Tender Offer also provided noteholders with the opportunity to sell their current holdings in the hybrid Tier 2 instrument and to apply for priority in the allocation of the subordinated restricted Tier 1 capital securities, see <a href=\"#n4294273\" title=\"Other equity instruments\">section 7.5.11.6</a>. As a result, the carrying value of the subordinated liabilities decreased by \u20ac\u00a0412\u00a0million, settled on 4 April 2025. On 29 September 2025, the remaining outstanding notes with a principal amount of <span style=\"white-space:nowrap;\">\u20ac\u00a088 million</span> were redeemed in full at their principal amount. </p><p>In 2019 a.s.r. issued \u20ac\u00a0500 million subordinated liabilities in the form of Tier 2 notes. The bond has a maturity date of 2049 and is first callable 3 months before the first reset date of 2 May 2029. The coupon is fixed at 3.375% and paid annually on 2 May. After the reset date the interest is calculated based on the 5 Year Mid Swap Rate plus a margin of 4.000 % and updated once every five years. </p><p>In 2022 a.s.r. issued \u20ac\u00a01 billion subordinated liabilities, qualified as Tier 2 notes, to partially finance the business combination with Aegon NL. The Tier 2 notes have a maturity date of 2043 and are first callable on 7 December 2033. The coupon is fixed at 7.000% and paid annually on 7 December. </p><p>These notes are subordinated and ranking equally without any preference amongst themselves and (a) junior to the claims of all senior creditors of a.s.r., (b) equally with any parity obligations and (c) in priority to claims in respect of (i) any equity securities and (ii) any junior obligations. </p><p>The subordinated liabilities are classified as liabilities given the obligation to settle the loans and pay the coupon. They are considered Tier 2 own funds for regulatory purposes. </p><h1 class=\"S_PARAGRAPH\" id=\"n4293782\"><span class=\"number\">7.5.17 </span><span class=\"title-text\">Borrowings </span></h1><p>See accounting policies <a href=\"#n4294803\" title=\"U. Financing\">U</a> and <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p><h3 class=\"table-title\">Borrowings </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,181 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,061 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Lease liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">120 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">74 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total Borrowings </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,301 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,135 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in borrowings </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-4 align-center border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>2025 </b></th><th class=\"valign-bottom startCol-5 endCol-7 align-center border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loans </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Lease Liabilities </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loans </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Lease Liabilities </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,061 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,135 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,363 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">88 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,451 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Proceeds from issues of loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">502 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">509 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,091 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,106 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">(410) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">(12) </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">(422) </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(582) </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(17) </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(600) </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accrued </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation premiums and discounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">48 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(2,816) </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(4) </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(2,820) </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(9) </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(8) </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total Borrowings </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,181 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>120 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,301 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,061 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>74 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,135 </b></td></tr></tbody></table><br/><p>As at year-end, borrowings had the following terms to maturity: </p><h3 class=\"table-title\">Maturity of borrowings </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:16%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Maturity - Falling due within 1 year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">70 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">115 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Maturity - Falling due between 1 and 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">908 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">846 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Maturity - Falling due after 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,323 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,174 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Maturity Borrowings </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,301 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,135 </b></td></tr></tbody></table><br/><p>At year-end 2025, the fair value of borrowings was \u20ac\u00a03,322 million (2024: \u20ac\u00a03,136 million). For information regarding the fair value, see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a>. The average interest rate payable on loans was 4.49% (2024: 4.18%). The average incremental borrowing rate on the lease liabilities was 4.05% (2024: 3.81%). </p><p>On 20 March 2024, a.s.r. (through Aegon Hypotheken) closed a transaction under the Dutch SAECURE programme to sell Class A mortgage-backed securities (RMBS). \u2018SAECURE 22\u2019 consisted of a principal amount of \u20ac\u00a0600 million of class A notes with the first optional redemption date (FORD) April 2030. </p><p>On 30 January 2025, a.s.r. (through a.s.r. life) closed a transaction under the Dutch Delphinus programme to sell Class A mortgage-backed securities (RMBS). \u2018Delphinus 2025-I\u2019 consisted of a principal amount of \u20ac\u00a0500 million of class A notes with the FORD March 2031. </p><p>During 2025, SAECURE 18 was fully redeemed at the FORD for an amount of \u20ac\u00a0254 million. </p><p>The following structured entities are group companies and have been consolidated: </p><ul><li><p>SAECURE 17 B.V.; </p></li><li><p>SAECURE 18 NHG B.V.; </p></li><li><p>SAECURE 20 B.V.; </p></li><li><p>SAECURE 21 B.V.; </p></li><li><p>SAECURE 22 B.V.; </p></li><li><p>Aegon Hypotheken Financiering B.V.; </p></li><li><p>Aegon Hypotheken Prefunding B.V.; </p></li><li><p>Hypotheken Prefunding 2 B.V.; </p></li><li><p>Delphinus 2023-I B.V.; </p></li><li><p>Orcinus 2023 B.V.; </p></li><li><p>Delphinus 2025-I B.V. </p></li></ul><p>The structured entities relate to the funding or securitisation of mortgage loans. a.s.r. holds no shares in the structured entities. The contractual agreements with these entities do not include provisions in which a.s.r. could be required to provide financial support in certain circumstances. a.s.r. has not provided, nor has intentions to provide, financial or other support without having a contractual obligation to do so. </p><h1 class=\"S_PARAGRAPH\" id=\"n4293810\"><span class=\"number\">7.5.18 </span><span class=\"title-text\">Due to banks </span></h1><p>See accounting <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">policy E</a>. </p><p>The amounts due to banks decreased from \u20ac\u00a05,550 million to \u20ac\u00a04,110 million, mainly as a result of the decrease in liability recognised for cash collateral under ISDAs (International Swaps and Derivatives Association) and Client Clearing Agreements (CCA) concluded with counterparties and the settlement of repurchase agreements. There is no significant difference between the carrying amount and the fair value of these liabilities (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a>). The average interest rate for the cash collateral received in 2025 is 2.18% and based on \u20acSTR (2024: 3.65%). </p><p>In 2024 \u20ac\u00a0517 million of cash on the balance sheet has been borrowed by entering into repurchase agreements. The asset recognised for cash collateral paid on reverse repurchase agreements is presented under other financial assets. The liability recognised for cash collateral received on repurchase agreements is presented under due to banks. The liability related to cash collateral received on derivate instruments is also included in due to banks. In 2025 the repurchase agreements were settled. </p><p>a.s.r.'s unsecured Revolving Credit Facility (RCF) amounts to \u20ac\u00a0600 million in 2025 (2024: \u20ac\u00a0600 million). The RCF can be used for multiple purposes including investment purposes, balance sheet management and short-term cash flow management. As per year-end 2025 the RCF is undrawn and fully available. </p><p>a.s.r.'s overdraft facility amounts to \u20ac\u00a0150 million in 2025 (2024 \u20ac\u00a0150 million). This facility can be used in respect of a.s.r.'s residential mortgage business. As per year-end 2025 the overdraft facility is undrawn and fully available. </p><p>An amount of \u20ac\u00a03,449 million due to banks (2024: \u20ac\u00a05,158 million) is expected to be settled within twelve months after the balance sheet date. </p><h1 class=\"S_PARAGRAPH\" id=\"n4293828\"><span class=\"number\">7.5.19 </span><span class=\"title-text\">Other liabilities </span></h1><h3 class=\"table-title\">Other liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">295 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">249 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Trade payables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">376 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">371 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">640 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">647 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,369 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,322 </b></td></tr></tbody></table><br/><p>The carrying value of other liabilities approximates their fair value (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a> for further information on other financial liabilities). </p><p>An amount of \u20ac\u00a051 million (2024: \u20ac\u00a0184 million) of the other liabilities is expected to be settled more than one year after the balance sheet date. </p><p>The other non-financial liabilities consist mainly of accounts payable, accrued liabilities, VAT and other taxes to be paid. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11225": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294012\"><span class=\"number\">7.5.5.1 </span><span class=\"title-text\">Investments at FVTPL </span></h1><h3 class=\"table-title\">Investments at FVTPL </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">639 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15,774 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,696 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,621 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,532 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,068 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,433 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,584 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73,966 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75,119 </b></td></tr></tbody></table><br/><p>Investments at FVTPL mainly decreased as a result of higher interest rates, exchange rate impacts and redemptions on investments. </p><p>In 2025, next to the annual update of the parameters used in the mortgage valuation models, a.s.r. processed several updates in the mortgage valuation models, which are considered a change in estimate. The mortgage spread model is updated in line with industry standards that were published in 2025, reducing the volatility of the mortgage spreads used in the valuation. For prepayments, the model is refined and parameters were updated. Total impact of the update on the mortgage valuation model and parameter update is a reduction of the fair value of mortgages of\u202f \u20ac\u00a0165 million, which had a negative impact on earnings before tax of the same amount. </p><p>For the real estate equity funds for which a.s.r. has significant influence the exemption of IAS 28 was used, thereby measuring the investments at FVTPL and presenting them as a separate category within the investments at FVTPL. For a breakdown of the real estate equity funds, see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. </p><p>Other investment funds consist amongst others of private debt funds of \u20ac\u00a01,136 million (2024: \u20ac\u00a0629 million) and private equity funds of \u20ac\u00a0590 million (2024: \u20ac\u00a0358 million). In 2025, debt equity funds are reclassified to other investment funds following the integration of Aegon life's investments towards a.s.r.'s target system for investments. </p><p>Private loans consists for \u20ac\u00a02,558 million (2024: \u20ac\u00a02,199 million) of savings-linked mortgage loans. </p><p>a.s.r. has bonds amounting to \u20ac\u00a03,226 million (2024: \u20ac\u00a03,427 million) and shares amounting to nil (2024: \u20ac\u00a010 million) that have been transferred, but do not qualify for derecognition. The majority of these investments are part of a securities lending programme whereby the investments are lent in exchange for a fee with collateral obtained as a security. The collateral furnished as security representing a fair value of \u20ac\u00a04,451 million (2024: \u20ac\u00a04,925 million) consists of mortgage loans and corporate and government bonds. See accounting policy <a href=\"#n4294686\" title=\"N. Securities lending\">N</a> about securities lending. </p><p>At year-end 2025 and 2024, debt instruments at FVTPL consisted entirely of investments mandatorily measured as such. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a059,987 million (2024: \u20ac\u00a058,171 million) of fixed income investments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><p>For more detailed information about the fair value valuation of the investments, see <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294055\"><span class=\"number\">7.5.6 </span><span class=\"title-text\">Investments related to direct participating insurance contracts </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Investments related to direct participating insurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,057 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">352 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,630 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,373 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,702 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,375 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">527 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">333 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">959 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">896 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-411 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,028 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16,078 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,753 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,421 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">241 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">245 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,815 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,617 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments related to direct participating insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33,302 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>33,025 </b></td></tr></tbody></table><br/><p>Investments related to direct participating insurance contracts are mandatorily measured at FVTPL. </p><p>In 2025, a.s.r. harmonised the presentation of investments related to direct participating insurance contracts. Following this harmonisation, investments in mortgage equity funds are presented as mortgage loans. </p><p>Within other investments, an amount of \u20ac\u00a02,242 million (2024: \u20ac\u00a02,486 million) consists of cash and cash equivalents held within investment funds. </p><p>Direct participating insurance contracts are managed on behalf of policyholders on a fair value basis. Although individual instruments may (or may not) have a maturity depending on their nature, this does not impact the liquidity position <span style=\"white-space:nowrap;\">of a.s.r. </span></p><h1 class=\"S_PARAGRAPH\" id=\"n4294073\"><span class=\"number\">7.5.7 </span><span class=\"title-text\">Derivatives </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Derivatives </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives not designated in a hedge </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,206 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,534 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,438 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives designated as fair value hedges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">247 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">233 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">228 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr></tbody></table><br/><p>Derivatives consist primarily of derivatives used to hedge interest rate movements. Derivatives are classified mandatorily as FVTPL and changes in the fair value of derivatives at FVTPL are recorded in net fair value gains and (losses), see <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a>. </p><p>Derivatives held for mortgage loans of Aegon hypotheken to hedge the interest rate risk are designated under fair value hedge accounting using the EU carve-out on hedge accounting, only net accounting ineffectiveness has an impact on the net result (for more information, see below under hedge accounting). </p><p>a.s.r. trades both cleared and non-cleared derivatives on the basis of standardised contracts and exchanges cash variation margin with its counterparties. The derivatives are valued daily and cash collateral is exchanged to reflect the change in mark-to-market (MtM) of the derivatives. Because of this periodic margining process, counterparty risk on derivatives is negligible. </p><p>In addition to the above variation margin obligations, there is also an initial margin obligation for central cleared derivatives which further reduces the risk of a.s.r. and its counterparties that they cannot fulfil their obligations. </p><p>Notional amounts are not recognised as assets or liabilities in the balance sheet, however notional amounts are used in determining the fair value of the derivatives. Notional amounts do not reflect the potential gain or loss on a derivative transaction. </p><h3 class=\"table-title\">Derivatives by type of instrument </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-7 align-right border-bottom-1 border-left-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,068 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,172 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">265,404 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">230,555 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,211 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,266 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,446 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,340 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,874 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,776 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,724 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,476 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,246 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>300,255 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>261,302 </b></td></tr></tbody></table><br/><p>Net derivatives decreased primarily as a result of negative revaluations due to changes in the long-term interest swap rates compared to year-end 2024. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of accrued interest receivable and accrued interest payable on interest swaps is harmonised, resulting in an increase in the carrying amount of interest swaps of both the asset side as well as the liability side for the same amount. </p><p>Interest caps are part of the structured entities related to securitisation of mortgages (see <a href=\"#n4293782\" title=\"Borrowings\">section 7.5.17</a>). In 2025, following the integration of the Saecure entities in a.s.r.'s target system for investments, presentation of these back to back caps is updated and the caps are presented as separate assets and liabilities for the same amount. </p><p>The derivatives do not include the derivatives liabilities relating to direct participating insurance contracts of \u20ac\u00a0- 411 million (2024: \u20ac\u00a073 million assets). </p><p>In addition to the use of swaps and options a.s.r. manages interest rate risk by using bond forwards, included in interest rate contracts futures. </p><p>The notional amounts of both receiver and payer swaps are included in the total notional amounts of foreign exchange contracts. </p><p>The fair value of interest rate contracts is calculated by first determining the cash flows of the floating leg based on the Euribor-curve corresponding the interest reset period (3 months, 6 months or 12 months) of the swap. Then the net present value of the floating and fixed leg is determined by discounting the cash flows with the relevant curve (such as \u20acSTR, SOFR and SONIA). </p><p>The fair value of the interest rate contracts using the above valuation method form the basis for the amount of collateral that is exchanged between a.s.r. and its counterparties in accordance with the underlying contracts. For more information see <a href=\"#n4295556\" title=\"Risk management\">section 7.8</a> on risk management. </p><p>Derivative assets of \u20ac\u00a013,721 million assets (2024: \u20ac\u00a010,323 million) and derivative liabilities \u20ac\u00a013,583 million liabilities (2024: \u20ac\u00a07,455 million) are expected to be recovered or settled more than one year after the balance sheet date. </p><div class=\"header header-2\">Hedge accounting </div><p>Macro fair value hedge accounting under the EU carve-out is applied by Aegon hypotheken and Knab (till date of disposal in 2024). </p><h3 class=\"table-title\">Derivatives designated as fair value hedges </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fair value changes mortgage loans recognised in profit or loss under EU carve-out </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-75 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>46 </i></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Offset amount of fair value changes recognised on derivatives used as hedging instrument </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total accounting ineffectiveness under EU carve-out recognised in profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4294164\"><span class=\"number\">7.5.10 </span><span class=\"title-text\">Cash and cash equivalents </span></h1><p>See accounting policy <a href=\"#n4294766\" title=\"S. Cash and cash equivalents\">S</a>. </p><h3 class=\"table-title\">Cash and cash equivalents </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and bank balances </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,769 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,228 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term deposits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">220 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">336 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Money market investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,629 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,709 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,194 </b></td></tr></tbody></table><br/><p>All cash and cash equivalents are freely available. The cash components include no cash related to cash collateral on derivative instruments (2024: \u20ac\u00a02,663 million). </p><p>Interest expenses on cash collateral is mainly based on \u20acSTR (2024: \u20acSTR). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11226": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294012\"><span class=\"number\">7.5.5.1 </span><span class=\"title-text\">Investments at FVTPL </span></h1><h3 class=\"table-title\">Investments at FVTPL </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">639 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15,774 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,696 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,621 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,532 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,068 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,433 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,584 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73,966 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75,119 </b></td></tr></tbody></table><br/><p>Investments at FVTPL mainly decreased as a result of higher interest rates, exchange rate impacts and redemptions on investments. </p><p>In 2025, next to the annual update of the parameters used in the mortgage valuation models, a.s.r. processed several updates in the mortgage valuation models, which are considered a change in estimate. The mortgage spread model is updated in line with industry standards that were published in 2025, reducing the volatility of the mortgage spreads used in the valuation. For prepayments, the model is refined and parameters were updated. Total impact of the update on the mortgage valuation model and parameter update is a reduction of the fair value of mortgages of\u202f \u20ac\u00a0165 million, which had a negative impact on earnings before tax of the same amount. </p><p>For the real estate equity funds for which a.s.r. has significant influence the exemption of IAS 28 was used, thereby measuring the investments at FVTPL and presenting them as a separate category within the investments at FVTPL. For a breakdown of the real estate equity funds, see <a href=\"#n4293938\" title=\"Associates and joint ventures\">section 7.5.4</a>. </p><p>Other investment funds consist amongst others of private debt funds of \u20ac\u00a01,136 million (2024: \u20ac\u00a0629 million) and private equity funds of \u20ac\u00a0590 million (2024: \u20ac\u00a0358 million). In 2025, debt equity funds are reclassified to other investment funds following the integration of Aegon life's investments towards a.s.r.'s target system for investments. </p><p>Private loans consists for \u20ac\u00a02,558 million (2024: \u20ac\u00a02,199 million) of savings-linked mortgage loans. </p><p>a.s.r. has bonds amounting to \u20ac\u00a03,226 million (2024: \u20ac\u00a03,427 million) and shares amounting to nil (2024: \u20ac\u00a010 million) that have been transferred, but do not qualify for derecognition. The majority of these investments are part of a securities lending programme whereby the investments are lent in exchange for a fee with collateral obtained as a security. The collateral furnished as security representing a fair value of \u20ac\u00a04,451 million (2024: \u20ac\u00a04,925 million) consists of mortgage loans and corporate and government bonds. See accounting policy <a href=\"#n4294686\" title=\"N. Securities lending\">N</a> about securities lending. </p><p>At year-end 2025 and 2024, debt instruments at FVTPL consisted entirely of investments mandatorily measured as such. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a059,987 million (2024: \u20ac\u00a058,171 million) of fixed income investments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><p>For more detailed information about the fair value valuation of the investments, see <a href=\"#n4295297\" title=\"Fair value of assets and liabilities\">section 7.7.1</a>. </p><h1 class=\"S_PARAGRAPH\" id=\"n4293810\"><span class=\"number\">7.5.18 </span><span class=\"title-text\">Due to banks </span></h1><p>See accounting <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">policy E</a>. </p><p>The amounts due to banks decreased from \u20ac\u00a05,550 million to \u20ac\u00a04,110 million, mainly as a result of the decrease in liability recognised for cash collateral under ISDAs (International Swaps and Derivatives Association) and Client Clearing Agreements (CCA) concluded with counterparties and the settlement of repurchase agreements. There is no significant difference between the carrying amount and the fair value of these liabilities (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a>). The average interest rate for the cash collateral received in 2025 is 2.18% and based on \u20acSTR (2024: 3.65%). </p><p>In 2024 \u20ac\u00a0517 million of cash on the balance sheet has been borrowed by entering into repurchase agreements. The asset recognised for cash collateral paid on reverse repurchase agreements is presented under other financial assets. The liability recognised for cash collateral received on repurchase agreements is presented under due to banks. The liability related to cash collateral received on derivate instruments is also included in due to banks. In 2025 the repurchase agreements were settled. </p><p>a.s.r.'s unsecured Revolving Credit Facility (RCF) amounts to \u20ac\u00a0600 million in 2025 (2024: \u20ac\u00a0600 million). The RCF can be used for multiple purposes including investment purposes, balance sheet management and short-term cash flow management. As per year-end 2025 the RCF is undrawn and fully available. </p><p>a.s.r.'s overdraft facility amounts to \u20ac\u00a0150 million in 2025 (2024 \u20ac\u00a0150 million). This facility can be used in respect of a.s.r.'s residential mortgage business. As per year-end 2025 the overdraft facility is undrawn and fully available. </p><p>An amount of \u20ac\u00a03,449 million due to banks (2024: \u20ac\u00a05,158 million) is expected to be settled within twelve months after the balance sheet date. </p><h1 class=\"S_PARAGRAPH\" id=\"n4295297\"><span class=\"number\">7.7.1 </span><span class=\"title-text\">Fair value of assets and liabilities </span></h1><p>See accounting <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">policy B</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295313\"><span class=\"number\">7.7.1.1 </span><span class=\"title-text\">Financial assets and liabilities measured at fair value </span></h1><h3 class=\"table-title\">Breakdown of financial assets measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,946 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">317 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,263 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9,693 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,003 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,696 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">640 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">584 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,308 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,532 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,375 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,433 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>27,239 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,280 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>36,447 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73,966 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments related to direct participating insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,057 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,057 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,630 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,630 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,702 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,702 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">527 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">527 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">407 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">457 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">95 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">959 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-411 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-411 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,028 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,028 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,753 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,753 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">241 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">241 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,813 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,815 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>30,637 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>289 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,376 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33,302 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments at FVOCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,436 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,491 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">130 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">135 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,448 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>130 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>60 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,638 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial assets measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">34 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>44 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,860 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,989 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,709 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>62,358 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>27,279 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,883 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>128,520 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial liabilities measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,451 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,451 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial assets measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">562 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">639 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14,516 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,259 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15,774 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,854 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">767 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,621 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">740 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">608 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,068 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,535 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">19 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,584 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>25,704 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>12,346 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>37,070 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75,119 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments related to direct participating insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">352 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">352 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,373 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,373 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,375 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,375 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">333 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">333 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">299 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">224 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">373 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">896 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-31 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">104 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16,078 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16,078 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,421 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,421 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">245 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">245 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,493 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,124 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,617 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>28,850 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,697 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,478 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>33,025 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial assets measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments at FVOCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,643 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">53 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,696 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">129 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">134 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,654 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>129 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>57 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,841 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>84 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,684 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,564 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">1,629 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">4,194 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>59,855 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>27,485 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>39,606 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>126,946 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial liabilities measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,663 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,663 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr></tbody></table><br/><p>Cash and cash equivalents (excluding money market instruments) are classified as level 1 when not subject to restrictions. Money market instruments are classified as level 2. </p><h3 class=\"table-title\">Reclassification between categories </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>From </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 1: Fair value based on quoted prices in active market </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">119 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>119 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 2: Fair value based on observable market data </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">487 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>487 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 3: Fair value not based on observable market data </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><p>Debt instrument funds are adjusted from level 2 to level 1 (\u20ac\u00a0487 million) and from level 1 to level 2 (\u20ac\u00a0119 million). These movements are based respectively on increased and decreased observability of the inputs during the period. </p><h3 class=\"table-title\">Reclassification between categories </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>From </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 1: Fair value based on quoted prices in active market </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">73 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 2: Fair value based on observable market data </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">122 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>122 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 3: Fair value not based on observable market data </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><p>Debt instrument funds are adjusted from level 2 to level 1 (\u20ac\u00a0122 million) and from level 1 to level 2 (\u20ac\u00a073 million). These movements are based respectively on increased and decreased observability of the inputs during the period. </p><p>The following two tables show the movement in financial assets measured at fair value including investments relating to direct participating insurance contracts and investment property that are categorised within level 3. </p><h3 class=\"table-title\">Changes in financial assets classified as FVOCI categorised within level 3 </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">62 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Unrealised gains and losses recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>60 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>57 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in financial assets at FVTPL categorised within level 3 </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">39,548 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37,424 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in value of investments, realised/unrealised gains and losses: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Fair value gains and losses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-497 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,394 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,523 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,492 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disposals </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,924 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,467 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,424 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,193 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net transfer of real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">178 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Exchange rate differences </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other changes </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-575 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-110 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,823 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>39,548 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total revaluations of investments, held at end of period, recognised in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-474 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,381 </b></td></tr></tbody></table><br/><p>The net transfer of real estate equity funds relates to ASR DSPF. As per April 2025 a.s.r. lost control of ASR DSPF, see sections <a href=\"#n4293908\" title=\"Investment property\">7.5.3</a> and <a href=\"#n4293938\" title=\"Associates and joint ventures\">7.5.4</a>. </p><p>Other changes mainly relate to a reclassification of the savings part of savings mortgages of Aegon life from mortgage loans (level 3) to private loans (level 2) following harmonisation of the presentation of savings mortgages. </p><div class=\"header header-2\">Unobservable inputs used in determining the fair value for financial assets measured at fair value (recurring basis) that are categorised within level 3 </div><div class=\"header header-4\">Investments at FVOCI </div><p>The main non-observable market input for the equities classified as level 3 is the net asset value as published by the investee. It is estimated that a 10% increase in valuation of these equities would have no impact on net result due to the non-recycling nature of equity treatment, but would increase equity by \u20ac\u00a05 million (2024: \u20ac\u00a05 million), being approximately 0.1% (before tax) (2024: 0.1% (before tax)) of total equity. </p><div class=\"header header-4\">Investments at FVTPL </div><p>The mortgage loan portfolio is classified as level 3 'not measured on the basis of market observable data'. Non-observable market inputs are used in the valuation methods, in addition to the observable market inputs. The valuation method used to determine the fair value of the mortgage loan portfolio is based on the mortgage spread, adapted for a delayed response to interest rate movements, and of the risk-free interest rate curve and assumptions for unexpected full prepayments, originating costs, and the options related to early redemption and moving. In line with industry standards that were published in 2025, a.s.r. updated the mortgage spread model, reducing the volatility of the mortgage spreads used in the valuation. See <a href=\"#n4294012\" title=\"Investments at FVTPL\">section 7.5.5.1</a> for further details on the model update. </p><p>The mortgage loan portfolio consists of high-quality mortgages with a relatively fixed return, limited arrears. The mortgage loan portfolio consists only of Dutch mortgages with a limited counterparty default risk in line with the strategic investment plan, see <a href=\"#n4295846\" title=\"Counterparty default risk\">section 7.8.4</a>. </p><p>The fair value of asset-backed securities is based on quotes retrieved from brokers or data vendors. The quotes are validated monthly and challenged if deemed necessary. The fair value of securitisations are determined based on a discounted cash flow model in case market quotes are insufficiently liquid. </p><p>The main non-observable market input for the other investment funds classified as level 3 is the net asset value as published by the investee. It is estimated that a 10% increase in valuation of these equities would increase result before tax and equity by \u20ac\u00a0131 million (2024: \u20ac\u00a061 million), being approximately 1.3% (before tax) (2024: 0.6% (before tax)) of total equity. </p><p>The method of determining the fair value of the mortgage equity funds is based on the valuation of the underlying mortgage loans. The discounting curve used in this valuation is based on the two lowest tariffs in the market, excluding that of a.s.r. </p><p>The table on the next page discloses the sensitivities to non-observable market inputs for the real estate equity funds. </p><h3 class=\"table-title\">Unobservable and observable inputs used in determination of fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:25%;\"/><col style=\"width:9%;\"/><col style=\"width:15%;\"/><col style=\"width:7%;\"/><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-7 align-left colspan-7 headrow\" colspan=\"7\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Fair value </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Valuation technique </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Gross theoretical rental value (\u20ac) </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross yield (%) </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\"><b>Investments at fair value through profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Real estate equity funds associates </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,265 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">DCF </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">200,951,044 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Real estate equity funds third parties </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">838 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total real estate equity funds </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,102 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr></tbody></table><br/><h3 class=\"table-title\">Unobservable and observable inputs used in determination of fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:9%;\"/><col style=\"width:15%;\"/><col style=\"width:7%;\"/><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-7 align-left colspan-7 headrow\" colspan=\"7\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Fair value </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Valuation technique </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Gross theoretical rental value (\u20ac) </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross yield (%) </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\"><b>Investments at fair value through profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Real estate equity funds associates </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,485 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">DCF </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">118,027,068 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.4% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Real estate equity funds third parties </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,943 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total real estate equity funds </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,428 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr></tbody></table><br/><p>The significant inputs to the level 3 values of real estate equity funds associates are disclosed in <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">accounting policy B. </a></p><p>An increase (decrease) in the gross yield in isolation will result in a lower (higher) fair value of the real estate equity funds associates. An increase (decrease) in the theoretical rental value in isolation will result in a higher (lower) fair value. </p><p>The main non-observable market input for the real estate equity funds third parties is the net asset value as published by the investee. An increase or decrease in the net asset value of equities classified as level 3 will have a direct proportional impact on the fair value of the investment. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295332\"><span class=\"number\">7.7.1.2 </span><span class=\"title-text\">Financial assets and liabilities not measured at fair value </span></h1><h3 class=\"table-title\">Breakdown of financial assets and liabilities not measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-6 endCol-6 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 december 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total carrying value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,479 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,479 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,529 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,876 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">607 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,483 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,483 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,876 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>607 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,487 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,970 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,020 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,695 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,695 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,503 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,202 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">120 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,322 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,301 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,344 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">766 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,110 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,110 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">50 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">622 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">672 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">672 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,394 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,285 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>120 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>9,799 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>9,585 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial assets and liabilities not measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-6 endCol-6 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total carrying value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,576 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,576 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,559 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">494 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,053 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,053 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,559 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>494 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,585 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,639 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,687 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,205 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,205 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,007 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,062 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,136 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,135 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,429 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">121 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,550 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,550 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">605 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">629 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">620 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,453 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,993 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>74 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,520 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,312 </b></td></tr></tbody></table><br/><p>The method of determining the fair value of the mortgage loans at amortised cost is the same to that of mortgage loans held at FVTPL. For information regarding the measurement of the fair value of the mortgage loans, see <a href=\"#n4295313\" title=\"Financial assets and liabilities measured at fair value\">section 7.7.1.1</a>. </p><p>Amounts due to banks classified as level 1 comprise the liability recognised for the cash collateral received. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295347\"><span class=\"number\">7.7.1.3 </span><span class=\"title-text\">Property (including land and buildings for own use and plant) </span></h1><h3 class=\"table-title\">Breakdown of the fair value of the investment property, land and buildings for own use and plant </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,220 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,220 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land and buildings for own use </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">143 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">143 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Plants </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">353 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">353 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,716 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,716 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of the fair value of the investment property, land and buildings for own use and plant </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair Value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair Value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,364 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,364 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land and buildings for own use </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">164 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">164 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Plants </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">386 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">386 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,913 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,913 </b></td></tr></tbody></table><br/><p>The property portfolio is classified as a level 3 \u2018not measured on the basis of market observable market data\u2019. Non- observable market inputs are used in the valuation methods, in addition to the observable market inputs. The fair value measurement at reporting date is based on valuations by independent professional appraisers. These valuations have been performed annually, with quarterly updates, for the entire portfolio of investment property, buildings for own use and plant. Independent professional appraisers use reference transactions of comparable properties, in combination with the DCF and income capitalisation method, to determine the fair value of the property or plant. The reference transactions of comparable objects of the property portfolio are generally based on observable data consisting of the land register \u2018<i>Kadaster</i>\u2019 and the rural land price monitor as published by the Dutch Government \u2018<i>Grondprijsmonitor</i>\u2019 in an active property market. </p><p>The property has a relatively fixed return. The property portfolio is well diversified and consists of residential, retail, offices and rural property, throughout the Netherlands. The retail portfolio focusses on core retail locations with relative low vacancy rates. The following table shows a breakdown of the fair value and vacancy rates of the portfolio of investment property. </p><h3 class=\"table-title\">Breakdown of investment property </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:17%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">Fair value </th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">Vacancy rate </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Retail </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">61 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">153 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2.4% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.1% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Residential </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,678 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">2,512 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1.6% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">1.7% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Rural </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">244 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">220 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Offices </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">212 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">399 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">40.3% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">15.4% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Property under development </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">100.0% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">100.0% </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Parking </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,220 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,364 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4.3% </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5.2% </b></td></tr></tbody></table><br/><p>The movements in plant and investment property measured at fair value (recurring basis) that are categorised within level 3 are presented in <a href=\"#n4293890\" title=\"Property, plant and equipment\">section 7.5.2</a> and <a href=\"#n4293908\" title=\"Investment property\">section 7.5.3</a>. </p><p>The significant inputs to the level 3 values of investment property are disclosed in <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">accounting policy B. </a></p><p>An increase (decrease) in the gross yield in isolation will result in a lower (higher) fair value of the investment property and land and buildings for own use. An increase (decrease) in the theoretical rental value in isolation will result in a higher (lower) fair value. </p><p>The significant unobservable and observable inputs to the Level 3 values of plant are the energy prices and market interest rates. An increase (decrease) of the discount rate will lead to a lower (higher) fair value measurement </p><p>The table below discloses the sensitivities to non-observable market inputs for the property portfolio (excluding property under development, parking and plant). </p><h3 class=\"table-title\">Unobservable and observable inputs used in determination of fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:26%;\"/><col style=\"width:15%;\"/><col style=\"width:16%;\"/><col style=\"width:11%;\"/><col style=\"width:15%;\"/><col style=\"width:9%;\"/><col style=\"width:8%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-7 align-left colspan-7 headrow\" colspan=\"7\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Fair value </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Valuation technique </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Gross theoretical rental value (\u20ac) </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross yield (%) </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\"><b>Investment property - Fair value model </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Retail </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">61 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,166,637 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">3.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">744,980 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">6.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">95,250 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">1.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Residential </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,678 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">110,074,304 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">4.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">5,733,508 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">12.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Rural </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">244 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">5,828,651 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2.4% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,351,106 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">3.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">13,336 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">1.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Offices </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">212 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">12,488,319 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">5.9% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">7,321,181 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">8.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Property under development </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">10 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Parking </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">13 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\"><b>Land and buildings for own use </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\"><b>143 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">10,509,850 </td><td class=\"valign-middle startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">7.3% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">8,966,945 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">13.6% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">1,542,905 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">7.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\"><b>Plant </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\"><b>353 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,716 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr></tbody></table><br/><h3 class=\"table-title\">Unobservable and observable inputs used in determination of fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:15%;\"/><col style=\"width:16%;\"/><col style=\"width:11%;\"/><col style=\"width:15%;\"/><col style=\"width:9%;\"/><col style=\"width:8%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-7 align-left colspan-7 headrow\" colspan=\"7\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Fair value </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Valuation technique </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Gross theoretical rental value (\u20ac) </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross yield (%) </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\"><b>Investment property - Fair value model </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Retail </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">153 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">10,744,691 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">7.0% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1,871,288 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">11.6% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">104,781 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2.4% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Residential </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2,512 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">126,143,320 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">5.0% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">5,438,948 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">11.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">5,179 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2.6% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Rural </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">220 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">5,646,002 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2.6% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2,043,427 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">3.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">12,900 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Offices </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">399 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">19,446,857 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">4.9% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">6,440,939 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">9.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">60,128 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">3.4% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Property under development </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">67 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Parking </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">13 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\"><b>Land and buildings for own use </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:middle;\"><b>163 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:middle;\">14,465,170 </td><td class=\"valign-middle startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:middle;\">9.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">8,663,755 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">22.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1,542,905 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">6.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:middle;\"><b>Plant </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right\" style=\"text-align:right;vertical-align:middle;\"><b>386 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,913 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11279": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294041\"><span class=\"number\">7.5.5.3 </span><span class=\"title-text\">Investments at amortised cost </span></h1><h3 class=\"table-title\">Investments at amortised cost </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,529 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investments at amortised cost </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,537 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,633 </b></td></tr></tbody></table><br/><p>Certain mortgage loans shown within the category investments at amortised cost are designated in portfolio fair value interest rate hedging relationships, and are fair valued with respect to the hedged interest rate. For 2025, this resulted in a higher carrying value of \u20ac\u00a017 million (2024: \u20ac\u00a0109 million higher). None of the financial assets has been reclassified during the financial year. </p><p>Based on their contractual maturity, an amount of \u20ac\u00a02,459 million (2024: 2,432 million) of debt instruments is expected to be recovered after more than one year after the balance sheet date. For assets without a contractual maturity date, it is expected that they will be recovered after more than one year after the balance sheet date. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295891\"><span class=\"number\">7.8.4.7 </span><span class=\"title-text\">Expected credit loss </span></h1><p>The recognition and measurement of impairments is forward-looking, and apply to all debt instruments measured at amortised cost and at FVOCI. Initially, a provision is required for credit losses expected within the next 12 months. This is referred to as \u2018Stage 1\u2019. If there is a significant increase in credit risk between the moment of origination and the reporting date, but the exposure is not in default, the exposure is in \u2018Stage 2\u2019. If the exposure is in default, this is referred to as \u2018Stage 3\u2019. For both \u2018Stage 2\u2019 and \u2018Stage 3\u2019, a provision is required for expected credit losses over the remaining lifetime of the financial asset. </p><div class=\"header header-2\">Expected credit loss measurement </div><p>The impairment requirements outline a \u2018three-stage\u2019 model for impairment based on changes in credit quality since initial recognition as summarised below: </p><ol><li><p>A financial instrument that is not credit-impaired on initial recognition is classified into \u2018Stage 1\u2019 and has its credit risk continuously monitored by a.s.r.: <br/>a) If a significant increase in credit risk (\u2018SICR\u2019) since initial recognition is identified, the financial instrument is moved to \u2018Stage 2\u2019 but is not yet deemed to be credit impaired. <br/>b) If the financial instrument is credit-impaired, the financial instrument is then moved to \u2018Stage 3\u2019. </p></li><li><p>Financial instruments in Stage 1 have their ECL measured at a 12-month expected credit losses that result from default events possible within the next 12 months. </p></li><li><p>Financial instruments in Stages 2 or 3 have their ECL measured based on expected credit losses on a lifetime basis. </p></li></ol><p>ECL is measured on either a 12-month basis (Stage 1) or lifetime basis (Stages 2/3) depending on whether a significant increase in credit risk has occurred since initial recognition or whether an asset is considered to be credit-impaired. </p><p>Expected credit losses are the discounted product of the Probability of Default (PD), Exposure at Default (EAD), and Loss Given Default (LGD), defined as follows: </p><ul><li><p>PD represents the likelihood of a borrower defaulting on its financial obligation, either over the next 12 months (12-month PD), or over the remaining lifetime (lifetime PD) of the obligation; </p></li><li><p>EAD is based on the amounts a.s.r. expects to be owed at the time of default, over the next 12 months (12-month EAD) or over the remaining lifetime (lifetime EAD); </p></li><li><p>LGD represents a.s.r.\u2019s expectation of the extent of the loss on a defaulted exposure. LGD varies by type of counterparty, type and seniority of the claim, and availability of collateral or other credit support. LGD is expressed as a percentage loss per unit of exposure at the time of default (EAD). LGD is calculated on a 12-month or lifetime basis, where the 12-month LGD is the percentage of loss expected to be made if the default occurs in the next 12 months, and the lifetime LGD is the percentage of loss expected to be made if the default occurs over the remaining expected lifetime of the loan. </p></li></ul><p>A pervasive concept in measuring ECL is that it should consider forward-looking information. a.s.r. has performed historical analyses to identify the key economic variables impacting credit risk and expected credit losses for each portfolio. Expert judgment was also applied in this process. </p><p>a.s.r. employs a model to calculate ECL on the asset class mortgage loans at amortised cost. </p><p>Asset classes not covered by the ECL calculations are considered either to have immaterial credit risk or to be short-term in nature. </p><p>Given the nature and credit quality of the mortgage loans measured at amortised cost, with only limited number of mortgages with payment arrears and in general sufficient collateral, the total loss allowance of mortgages that is recognised per 31 December 2025 is less than \u20ac\u00a01 million (31 December 2024: less than \u20ac\u00a01 million), with no material transfers between Stage 1, Stage 2 and Stage 3 for the reported period. </p><p>The total of undiscounted ECL at initial recognition for purchased or originated credit-impaired financial assets recognised during 2025 amounts to \u20ac\u00a00 million (2024: \u20ac\u00a00 million), as no credit-impaired financial assets are originated or purchased by a.s.r. </p><p>The following tables further specify the changes in gross carrying amounts of the mortgage loans measured at amortised cost. The gross carrying amounts in these tables are the clean values, thus excluding the accrued interest. </p><h3 class=\"table-title\">Changes in gross carrying amounts of mortgage loans measured at amortised cost </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 1 <br/>(12-month ECL) </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 2 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 3 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,566 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Stage transfers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases and originations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">173 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">173 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-198 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-200 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other changes </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-69 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-69 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross carrying amount at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,444 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>81 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,529 </b></td></tr></tbody></table><br/><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 1 <br/>(12-month ECL) </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 2 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 3 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14,121 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">414 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14,552 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Stage transfers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">34 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases and originations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">408 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">410 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-322 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-330 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11,730 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-320 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12,063 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other changes </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross carrying amount at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,566 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,624 </b></td></tr></tbody></table><br/><p>Per 31 December 2025, private loans measured at amortised cost are in Stage 1 for an amount of \u20ac\u00a08 million, and nil in Stage 2 and Stage 3 (31 December 2024: \u20ac\u00a09 million in Stage 1, nil in Stage 2 and Stage 3). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11512": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294073\"><span class=\"number\">7.5.7 </span><span class=\"title-text\">Derivatives </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Derivatives </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives not designated in a hedge </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,206 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,534 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,438 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives designated as fair value hedges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">247 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">233 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">228 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr></tbody></table><br/><p>Derivatives consist primarily of derivatives used to hedge interest rate movements. Derivatives are classified mandatorily as FVTPL and changes in the fair value of derivatives at FVTPL are recorded in net fair value gains and (losses), see <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a>. </p><p>Derivatives held for mortgage loans of Aegon hypotheken to hedge the interest rate risk are designated under fair value hedge accounting using the EU carve-out on hedge accounting, only net accounting ineffectiveness has an impact on the net result (for more information, see below under hedge accounting). </p><p>a.s.r. trades both cleared and non-cleared derivatives on the basis of standardised contracts and exchanges cash variation margin with its counterparties. The derivatives are valued daily and cash collateral is exchanged to reflect the change in mark-to-market (MtM) of the derivatives. Because of this periodic margining process, counterparty risk on derivatives is negligible. </p><p>In addition to the above variation margin obligations, there is also an initial margin obligation for central cleared derivatives which further reduces the risk of a.s.r. and its counterparties that they cannot fulfil their obligations. </p><p>Notional amounts are not recognised as assets or liabilities in the balance sheet, however notional amounts are used in determining the fair value of the derivatives. Notional amounts do not reflect the potential gain or loss on a derivative transaction. </p><h3 class=\"table-title\">Derivatives by type of instrument </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-7 align-right border-bottom-1 border-left-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,068 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,172 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">265,404 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">230,555 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,211 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,266 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,446 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,340 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,874 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,776 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,724 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,476 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,246 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>300,255 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>261,302 </b></td></tr></tbody></table><br/><p>Net derivatives decreased primarily as a result of negative revaluations due to changes in the long-term interest swap rates compared to year-end 2024. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of accrued interest receivable and accrued interest payable on interest swaps is harmonised, resulting in an increase in the carrying amount of interest swaps of both the asset side as well as the liability side for the same amount. </p><p>Interest caps are part of the structured entities related to securitisation of mortgages (see <a href=\"#n4293782\" title=\"Borrowings\">section 7.5.17</a>). In 2025, following the integration of the Saecure entities in a.s.r.'s target system for investments, presentation of these back to back caps is updated and the caps are presented as separate assets and liabilities for the same amount. </p><p>The derivatives do not include the derivatives liabilities relating to direct participating insurance contracts of \u20ac\u00a0- 411 million (2024: \u20ac\u00a073 million assets). </p><p>In addition to the use of swaps and options a.s.r. manages interest rate risk by using bond forwards, included in interest rate contracts futures. </p><p>The notional amounts of both receiver and payer swaps are included in the total notional amounts of foreign exchange contracts. </p><p>The fair value of interest rate contracts is calculated by first determining the cash flows of the floating leg based on the Euribor-curve corresponding the interest reset period (3 months, 6 months or 12 months) of the swap. Then the net present value of the floating and fixed leg is determined by discounting the cash flows with the relevant curve (such as \u20acSTR, SOFR and SONIA). </p><p>The fair value of the interest rate contracts using the above valuation method form the basis for the amount of collateral that is exchanged between a.s.r. and its counterparties in accordance with the underlying contracts. For more information see <a href=\"#n4295556\" title=\"Risk management\">section 7.8</a> on risk management. </p><p>Derivative assets of \u20ac\u00a013,721 million assets (2024: \u20ac\u00a010,323 million) and derivative liabilities \u20ac\u00a013,583 million liabilities (2024: \u20ac\u00a07,455 million) are expected to be recovered or settled more than one year after the balance sheet date. </p><div class=\"header header-2\">Hedge accounting </div><p>Macro fair value hedge accounting under the EU carve-out is applied by Aegon hypotheken and Knab (till date of disposal in 2024). </p><h3 class=\"table-title\">Derivatives designated as fair value hedges </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fair value changes mortgage loans recognised in profit or loss under EU carve-out </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-75 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>46 </i></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Offset amount of fair value changes recognised on derivatives used as hedging instrument </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total accounting ineffectiveness under EU carve-out recognised in profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4295367\"><span class=\"number\">7.7.3 </span><span class=\"title-text\">Offsetting of financial assets and liabilities </span></h1><p>The following tables include information about rights to offset and the related arrangements. The amounts included consist of all recognised financial instruments that are presented net in the balance sheet under the IFRS-EU offsetting requirements (legal right to offset and intention to settle on a net basis) and amounts presented gross in the balance sheet but subject to enforceable master netting arrangements or similar arrangements. </p><p>a.s.r. mitigates credit risk in derivative contracts by entering into collateral agreements, where practical, and in ISDA master netting agreements for each of the legal entities of a.s.r. to facilitate a.s.r.\u2019s right to offset credit risk exposure. The credit support agreement will normally dictate the threshold over which collateral needs to be pledged by a.s.r. or its counterparty. Transactions requiring a.s.r. or its counterparty to post collateral are typically the result of over-the-counter derivative trades, comprised mostly of interest rate swaps, currency swaps and credit swaps. These transactions are conducted under terms that are customary to standard borrowing, derivative, securities lending and securities borrowing activities, as well as requirements determined by exchanges where the bank acts as intermediary. </p><h3 class=\"table-title\">Offsetting of financial assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:12%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:12%;\"/><col style=\"width:14%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Gross amounts of recognised financial assets </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Gross amounts of recognised financial liabilities set off in the balance sheet </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Net amounts of financial assets presented in the balance sheet </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Related amounts not set off in the balance sheet </b></th><th class=\"valign-bottom startCol-6 endCol-7 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Net amount </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Financial instruments </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Cash Collateral received (excluding surplus) </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,631 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,631 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,302 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,344 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,985 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,631 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,631 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,302 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,344 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,985 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,704 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,704 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,149 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,261 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">294 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,704 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,704 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,149 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,261 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>294 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Offsetting of financial liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:12%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:12%;\"/><col style=\"width:14%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Gross amounts of recognised financial liabilities </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Gross amounts of recognised financial assets set off in the balance sheet </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Net amounts of financial liabilities presented in the balance sheet </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Related amounts not set off in the balance sheet </b></th><th class=\"valign-bottom startCol-6 endCol-7 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Net amount </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Financial instruments </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Cash Collateral pledged (excluding surplus) </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,452 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,452 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,302 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,358 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,792 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,452 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,452 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,302 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,358 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,792 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,664 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,664 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,149 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">515 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,664 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,664 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,149 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>515 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11513": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294073\"><span class=\"number\">7.5.7 </span><span class=\"title-text\">Derivatives </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Derivatives </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives not designated in a hedge </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,206 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,534 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,438 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives designated as fair value hedges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">247 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">233 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">228 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr></tbody></table><br/><p>Derivatives consist primarily of derivatives used to hedge interest rate movements. Derivatives are classified mandatorily as FVTPL and changes in the fair value of derivatives at FVTPL are recorded in net fair value gains and (losses), see <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a>. </p><p>Derivatives held for mortgage loans of Aegon hypotheken to hedge the interest rate risk are designated under fair value hedge accounting using the EU carve-out on hedge accounting, only net accounting ineffectiveness has an impact on the net result (for more information, see below under hedge accounting). </p><p>a.s.r. trades both cleared and non-cleared derivatives on the basis of standardised contracts and exchanges cash variation margin with its counterparties. The derivatives are valued daily and cash collateral is exchanged to reflect the change in mark-to-market (MtM) of the derivatives. Because of this periodic margining process, counterparty risk on derivatives is negligible. </p><p>In addition to the above variation margin obligations, there is also an initial margin obligation for central cleared derivatives which further reduces the risk of a.s.r. and its counterparties that they cannot fulfil their obligations. </p><p>Notional amounts are not recognised as assets or liabilities in the balance sheet, however notional amounts are used in determining the fair value of the derivatives. Notional amounts do not reflect the potential gain or loss on a derivative transaction. </p><h3 class=\"table-title\">Derivatives by type of instrument </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-7 align-right border-bottom-1 border-left-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,068 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,172 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">265,404 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">230,555 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,211 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,266 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,446 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,340 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,874 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,776 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,724 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,476 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,246 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>300,255 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>261,302 </b></td></tr></tbody></table><br/><p>Net derivatives decreased primarily as a result of negative revaluations due to changes in the long-term interest swap rates compared to year-end 2024. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of accrued interest receivable and accrued interest payable on interest swaps is harmonised, resulting in an increase in the carrying amount of interest swaps of both the asset side as well as the liability side for the same amount. </p><p>Interest caps are part of the structured entities related to securitisation of mortgages (see <a href=\"#n4293782\" title=\"Borrowings\">section 7.5.17</a>). In 2025, following the integration of the Saecure entities in a.s.r.'s target system for investments, presentation of these back to back caps is updated and the caps are presented as separate assets and liabilities for the same amount. </p><p>The derivatives do not include the derivatives liabilities relating to direct participating insurance contracts of \u20ac\u00a0- 411 million (2024: \u20ac\u00a073 million assets). </p><p>In addition to the use of swaps and options a.s.r. manages interest rate risk by using bond forwards, included in interest rate contracts futures. </p><p>The notional amounts of both receiver and payer swaps are included in the total notional amounts of foreign exchange contracts. </p><p>The fair value of interest rate contracts is calculated by first determining the cash flows of the floating leg based on the Euribor-curve corresponding the interest reset period (3 months, 6 months or 12 months) of the swap. Then the net present value of the floating and fixed leg is determined by discounting the cash flows with the relevant curve (such as \u20acSTR, SOFR and SONIA). </p><p>The fair value of the interest rate contracts using the above valuation method form the basis for the amount of collateral that is exchanged between a.s.r. and its counterparties in accordance with the underlying contracts. For more information see <a href=\"#n4295556\" title=\"Risk management\">section 7.8</a> on risk management. </p><p>Derivative assets of \u20ac\u00a013,721 million assets (2024: \u20ac\u00a010,323 million) and derivative liabilities \u20ac\u00a013,583 million liabilities (2024: \u20ac\u00a07,455 million) are expected to be recovered or settled more than one year after the balance sheet date. </p><div class=\"header header-2\">Hedge accounting </div><p>Macro fair value hedge accounting under the EU carve-out is applied by Aegon hypotheken and Knab (till date of disposal in 2024). </p><h3 class=\"table-title\">Derivatives designated as fair value hedges </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fair value changes mortgage loans recognised in profit or loss under EU carve-out </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-75 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>46 </i></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Offset amount of fair value changes recognised on derivatives used as hedging instrument </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total accounting ineffectiveness under EU carve-out recognised in profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsHeldForTradingExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11516": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294073\"><span class=\"number\">7.5.7 </span><span class=\"title-text\">Derivatives </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Derivatives </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives not designated in a hedge </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,206 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,534 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,438 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives designated as fair value hedges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">247 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">233 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">228 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr></tbody></table><br/><p>Derivatives consist primarily of derivatives used to hedge interest rate movements. Derivatives are classified mandatorily as FVTPL and changes in the fair value of derivatives at FVTPL are recorded in net fair value gains and (losses), see <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a>. </p><p>Derivatives held for mortgage loans of Aegon hypotheken to hedge the interest rate risk are designated under fair value hedge accounting using the EU carve-out on hedge accounting, only net accounting ineffectiveness has an impact on the net result (for more information, see below under hedge accounting). </p><p>a.s.r. trades both cleared and non-cleared derivatives on the basis of standardised contracts and exchanges cash variation margin with its counterparties. The derivatives are valued daily and cash collateral is exchanged to reflect the change in mark-to-market (MtM) of the derivatives. Because of this periodic margining process, counterparty risk on derivatives is negligible. </p><p>In addition to the above variation margin obligations, there is also an initial margin obligation for central cleared derivatives which further reduces the risk of a.s.r. and its counterparties that they cannot fulfil their obligations. </p><p>Notional amounts are not recognised as assets or liabilities in the balance sheet, however notional amounts are used in determining the fair value of the derivatives. Notional amounts do not reflect the potential gain or loss on a derivative transaction. </p><h3 class=\"table-title\">Derivatives by type of instrument </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-7 align-right border-bottom-1 border-left-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,068 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,172 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">265,404 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">230,555 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,211 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,266 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,446 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,340 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,874 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,776 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,724 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,476 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,246 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>300,255 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>261,302 </b></td></tr></tbody></table><br/><p>Net derivatives decreased primarily as a result of negative revaluations due to changes in the long-term interest swap rates compared to year-end 2024. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of accrued interest receivable and accrued interest payable on interest swaps is harmonised, resulting in an increase in the carrying amount of interest swaps of both the asset side as well as the liability side for the same amount. </p><p>Interest caps are part of the structured entities related to securitisation of mortgages (see <a href=\"#n4293782\" title=\"Borrowings\">section 7.5.17</a>). In 2025, following the integration of the Saecure entities in a.s.r.'s target system for investments, presentation of these back to back caps is updated and the caps are presented as separate assets and liabilities for the same amount. </p><p>The derivatives do not include the derivatives liabilities relating to direct participating insurance contracts of \u20ac\u00a0- 411 million (2024: \u20ac\u00a073 million assets). </p><p>In addition to the use of swaps and options a.s.r. manages interest rate risk by using bond forwards, included in interest rate contracts futures. </p><p>The notional amounts of both receiver and payer swaps are included in the total notional amounts of foreign exchange contracts. </p><p>The fair value of interest rate contracts is calculated by first determining the cash flows of the floating leg based on the Euribor-curve corresponding the interest reset period (3 months, 6 months or 12 months) of the swap. Then the net present value of the floating and fixed leg is determined by discounting the cash flows with the relevant curve (such as \u20acSTR, SOFR and SONIA). </p><p>The fair value of the interest rate contracts using the above valuation method form the basis for the amount of collateral that is exchanged between a.s.r. and its counterparties in accordance with the underlying contracts. For more information see <a href=\"#n4295556\" title=\"Risk management\">section 7.8</a> on risk management. </p><p>Derivative assets of \u20ac\u00a013,721 million assets (2024: \u20ac\u00a010,323 million) and derivative liabilities \u20ac\u00a013,583 million liabilities (2024: \u20ac\u00a07,455 million) are expected to be recovered or settled more than one year after the balance sheet date. </p><div class=\"header header-2\">Hedge accounting </div><p>Macro fair value hedge accounting under the EU carve-out is applied by Aegon hypotheken and Knab (till date of disposal in 2024). </p><h3 class=\"table-title\">Derivatives designated as fair value hedges </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fair value changes mortgage loans recognised in profit or loss under EU carve-out </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-75 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>46 </i></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Offset amount of fair value changes recognised on derivatives used as hedging instrument </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total accounting ineffectiveness under EU carve-out recognised in profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsHeldForTradingExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11517": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294073\"><span class=\"number\">7.5.7 </span><span class=\"title-text\">Derivatives </span></h1><p>See accounting policy <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Derivatives </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives not designated in a hedge </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,206 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,534 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,438 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives designated as fair value hedges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">247 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">233 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">228 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr></tbody></table><br/><p>Derivatives consist primarily of derivatives used to hedge interest rate movements. Derivatives are classified mandatorily as FVTPL and changes in the fair value of derivatives at FVTPL are recorded in net fair value gains and (losses), see <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a>. </p><p>Derivatives held for mortgage loans of Aegon hypotheken to hedge the interest rate risk are designated under fair value hedge accounting using the EU carve-out on hedge accounting, only net accounting ineffectiveness has an impact on the net result (for more information, see below under hedge accounting). </p><p>a.s.r. trades both cleared and non-cleared derivatives on the basis of standardised contracts and exchanges cash variation margin with its counterparties. The derivatives are valued daily and cash collateral is exchanged to reflect the change in mark-to-market (MtM) of the derivatives. Because of this periodic margining process, counterparty risk on derivatives is negligible. </p><p>In addition to the above variation margin obligations, there is also an initial margin obligation for central cleared derivatives which further reduces the risk of a.s.r. and its counterparties that they cannot fulfil their obligations. </p><p>Notional amounts are not recognised as assets or liabilities in the balance sheet, however notional amounts are used in determining the fair value of the derivatives. Notional amounts do not reflect the potential gain or loss on a derivative transaction. </p><h3 class=\"table-title\">Derivatives by type of instrument </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-7 align-right border-bottom-1 border-left-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Asset </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Liability </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notional amount </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,068 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,172 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">265,404 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">230,555 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,211 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,266 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,446 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,340 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,874 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,776 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,724 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,476 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,246 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>300,255 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>261,302 </b></td></tr></tbody></table><br/><p>Net derivatives decreased primarily as a result of negative revaluations due to changes in the long-term interest swap rates compared to year-end 2024. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of accrued interest receivable and accrued interest payable on interest swaps is harmonised, resulting in an increase in the carrying amount of interest swaps of both the asset side as well as the liability side for the same amount. </p><p>Interest caps are part of the structured entities related to securitisation of mortgages (see <a href=\"#n4293782\" title=\"Borrowings\">section 7.5.17</a>). In 2025, following the integration of the Saecure entities in a.s.r.'s target system for investments, presentation of these back to back caps is updated and the caps are presented as separate assets and liabilities for the same amount. </p><p>The derivatives do not include the derivatives liabilities relating to direct participating insurance contracts of \u20ac\u00a0- 411 million (2024: \u20ac\u00a073 million assets). </p><p>In addition to the use of swaps and options a.s.r. manages interest rate risk by using bond forwards, included in interest rate contracts futures. </p><p>The notional amounts of both receiver and payer swaps are included in the total notional amounts of foreign exchange contracts. </p><p>The fair value of interest rate contracts is calculated by first determining the cash flows of the floating leg based on the Euribor-curve corresponding the interest reset period (3 months, 6 months or 12 months) of the swap. Then the net present value of the floating and fixed leg is determined by discounting the cash flows with the relevant curve (such as \u20acSTR, SOFR and SONIA). </p><p>The fair value of the interest rate contracts using the above valuation method form the basis for the amount of collateral that is exchanged between a.s.r. and its counterparties in accordance with the underlying contracts. For more information see <a href=\"#n4295556\" title=\"Risk management\">section 7.8</a> on risk management. </p><p>Derivative assets of \u20ac\u00a013,721 million assets (2024: \u20ac\u00a010,323 million) and derivative liabilities \u20ac\u00a013,583 million liabilities (2024: \u20ac\u00a07,455 million) are expected to be recovered or settled more than one year after the balance sheet date. </p><div class=\"header header-2\">Hedge accounting </div><p>Macro fair value hedge accounting under the EU carve-out is applied by Aegon hypotheken and Knab (till date of disposal in 2024). </p><h3 class=\"table-title\">Derivatives designated as fair value hedges </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fair value changes mortgage loans recognised in profit or loss under EU carve-out </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-75 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><i>46 </i></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Offset amount of fair value changes recognised on derivatives used as hedging instrument </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total accounting ineffectiveness under EU carve-out recognised in profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesHeldForTradingExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11742": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294109\"><span class=\"number\">7.5.8 </span><span class=\"title-text\">Deferred taxes </span></h1><h3 class=\"table-title\">Deferred taxes </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred tax assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">36 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net deferred tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>36 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>101 </b></td></tr></tbody></table><br/><p>Deferred taxes represent the difference between the carrying amount of assets and liabilities and their tax base at the enacted tax rate, taking into account tax-exempt components. The current tax rate is 25.8% (2024: 25.8%). The deferred taxes are calculated with the enacted tax rate of 25.8%. </p><p>For subsidiaries outside the fiscal unity the unused tax losses for which no deferred tax has been recognised amount to \u20ac\u00a022 million (2024: \u20ac\u00a028 million). These unused tax losses include expected losses which are already provided for. </p><p>Deferred tax assets and liabilities are expected to be recovered more than one year after the balance sheet date. </p><h3 class=\"table-title\">Changes in deferred taxes </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">1 January 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Changes recognised in profit or loss </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Changes recognised in other comprehensive income </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Changes in composition of the group </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-85 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">21 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-100 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-21 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-843 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">103 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">236 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-504 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">326 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-269 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Financial assets held for trading </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-657 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">608 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Liabilities arising from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,093 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,155 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">937 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-252 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">53 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-48 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-248 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts received in advance </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-97 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">97 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fiscal reserves </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-47 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax losses carry forward </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net deferred tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>101 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>41 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-77 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-28 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>36 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in deferred taxes </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">1 January 2024 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Changes recognised in profit or loss </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Changes recognised in other comprehensive income </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Changes in composition of the group </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-83 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-85 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-707 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-136 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-843 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">549 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-297 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-59 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-217 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Financial assets held for trading </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-219 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-556 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">118 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-657 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Liabilities arising from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,470 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">623 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,093 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-180 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-33 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-39 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-252 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts received in advance </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-97 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fiscal reserves </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-60 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-57 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-61 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-36 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">110 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net deferred tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>636 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-448 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-97 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>101 </b></td></tr></tbody></table><br/><p>In 2025, the decrease in the deferred tax asset is mainly caused by the changes to the tax base of the technical provisions and their related assets. Changes in the composition of the group relates to the acquisition of HumanTouch Holding and other acquisitions within the Distribution &amp; Services segment, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294451\"><span class=\"number\">7.6.12 </span><span class=\"title-text\">Income tax expense </span></h1><h3 class=\"table-title\">Income tax (expense) / gain </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Current taxes for the current period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-199 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-95 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Current taxes referring to previous periods </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">156 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total current tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-172 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>62 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred taxes arising from current period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-448 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total deferred tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>41 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-448 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total income tax (expense) / gain </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-131 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-387 </b></td></tr></tbody></table><br/><p>The expected income tax expense is determined by applying the tax rate in the Netherlands to the result before tax. In 2025, this rate was 25.8% (2024: 25.8%). The enacted tax rate for 2026 will be 25.8%. </p><p>The impact of the current tax to previous periods is to a highly extent set off in the deferred taxes arising from current period. </p><h3 class=\"table-title\">Reconciliation of expected income tax (expense) / gain with the actual income tax (expense) / gain </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Result before tax from continuing operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">696 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,464 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Current tax rates </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25,8% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,8% </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Expected income tax expense </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-180 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-378 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Effects of: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax on interest on other equity instruments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">21 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax-exempt dividend </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax-exempt capital gains </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax-exempt associates and joint ventures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax-exempt other income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Adjustments for taxes due on previous financial years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other effects </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-16 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total income tax (expense) / gain </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-131 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-387 </b></td></tr></tbody></table><br/><p>The result is almost entirely earned and taxable in the Netherlands. </p><p>The effective income tax rate is 18.8% (2024: 26.4%). The decrease of the effective income tax rate is mostly driven by the decrease of the result before tax from continuing operations, while the total impact from tax exempt items increased, resulting in a relatively larger impact from tax exempt items on the effective income tax rate. </p><div class=\"header header-2\">International Tax Reform \u2013 Pillar II Model rules (Amendments to IAS 12) </div><p>The EU Directive Pillar Two, implemented in the Netherlands as the '<i>Wet minimum belasting</i>', and is effective for accounting periods beginning on or after 1 January 2024, applies to multinational enterprises and large-scale domestic groups with consolidated revenues of \u20ac\u00a0750 million or more in at least two out of the last four years. These revenues, as defined by the OECD, include any form of income and are therefore not limited to revenue recognised in accordance with IFRS 15.\u00a0a.s.r. operates in the Netherlands as a large-scale domestic group and should, in principle, be subject to the top-up tax rules under Pilar 2. a.s.r. has determined that any top-up tax due under Pillar 2 is an income tax within the scope of IAS 12 and accounts for it as a current tax when it is incurred. </p><p>However, a.s.r. has assessed the potential exposure to Pillar 2 and does not expect the impact of the Pillar 2 income taxes to be material. This is because a.s.r. can rely on: </p><ul><li><p>The domestic group exemption during the first five years after the Pillar 2 legislation comes into effect; and </p></li><li><p>The Transitional CbCR Safe Harbour rules during the first three years after the Pillar 2 legislation comes into effect, which allows a.s.r. to reduce the top-up tax to zero. </p></li></ul><p>Although a.s.r. could reduce any top-up tax to zero during the first five years by applying a combination of the domestic group exemption and the Transitional CbCR Safe Harbour rules, a.s.r. notes that it applies the temporary mandatory relief from recognising and disclosing information about deferred taxes related to Pillar 2 income taxes. </p><p>a.s.r. will continue to monitor the developments of Pillar 2 legislation, the applicability of the domestic group exemption, and the applicability of the CbCR Safe Harbour rules on the Group's financial position. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11851": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294127\"><span class=\"number\">7.5.9 </span><span class=\"title-text\">Other assets </span></h1><p>See accounting policy <a href=\"#n4294751\" title=\"R. Other assets\">R</a>. </p><h3 class=\"table-title\">Other assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due from customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">103 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash collateral paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,723 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,341 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,483 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,053 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Taxes receivable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">175 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Prepaid costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>113 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>270 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,596 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,323 </b></td></tr></tbody></table><br/><p>Cash collateral paid increased by \u20ac\u00a02.4 billion as a result of higher derivative liabilities, mainly driven by rising interest rates. For more information regarding derivatives see <a href=\"#n4294073\" title=\"Derivatives\">section 7.5.7</a>. </p><p>An amount of \u20ac\u00a05,585 million (2024: \u20ac\u00a03,312 million) of other assets is expected to be recovered within one year after the balance sheet date. </p><p>The following table shows the recognized impairments on other assets. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Increase in impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment due to disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11852": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294127\"><span class=\"number\">7.5.9 </span><span class=\"title-text\">Other assets </span></h1><p>See accounting policy <a href=\"#n4294751\" title=\"R. Other assets\">R</a>. </p><h3 class=\"table-title\">Other assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due from customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">103 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash collateral paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,723 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,341 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,483 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,053 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Taxes receivable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">175 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Prepaid costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>113 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>270 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,596 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,323 </b></td></tr></tbody></table><br/><p>Cash collateral paid increased by \u20ac\u00a02.4 billion as a result of higher derivative liabilities, mainly driven by rising interest rates. For more information regarding derivatives see <a href=\"#n4294073\" title=\"Derivatives\">section 7.5.7</a>. </p><p>An amount of \u20ac\u00a05,585 million (2024: \u20ac\u00a03,312 million) of other assets is expected to be recovered within one year after the balance sheet date. </p><p>The following table shows the recognized impairments on other assets. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Increase in impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment due to disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11853": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294127\"><span class=\"number\">7.5.9 </span><span class=\"title-text\">Other assets </span></h1><p>See accounting policy <a href=\"#n4294751\" title=\"R. Other assets\">R</a>. </p><h3 class=\"table-title\">Other assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due from customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">103 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash collateral paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,723 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,341 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,483 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,053 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Taxes receivable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">175 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Prepaid costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>113 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>270 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,596 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,323 </b></td></tr></tbody></table><br/><p>Cash collateral paid increased by \u20ac\u00a02.4 billion as a result of higher derivative liabilities, mainly driven by rising interest rates. For more information regarding derivatives see <a href=\"#n4294073\" title=\"Derivatives\">section 7.5.7</a>. </p><p>An amount of \u20ac\u00a05,585 million (2024: \u20ac\u00a03,312 million) of other assets is expected to be recovered within one year after the balance sheet date. </p><p>The following table shows the recognized impairments on other assets. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Increase in impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment due to disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11854": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294127\"><span class=\"number\">7.5.9 </span><span class=\"title-text\">Other assets </span></h1><p>See accounting policy <a href=\"#n4294751\" title=\"R. Other assets\">R</a>. </p><h3 class=\"table-title\">Other assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due from customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">103 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash collateral paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,723 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,341 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,483 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,053 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Taxes receivable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">175 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Prepaid costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>113 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>270 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,596 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,323 </b></td></tr></tbody></table><br/><p>Cash collateral paid increased by \u20ac\u00a02.4 billion as a result of higher derivative liabilities, mainly driven by rising interest rates. For more information regarding derivatives see <a href=\"#n4294073\" title=\"Derivatives\">section 7.5.7</a>. </p><p>An amount of \u20ac\u00a05,585 million (2024: \u20ac\u00a03,312 million) of other assets is expected to be recovered within one year after the balance sheet date. </p><p>The following table shows the recognized impairments on other assets. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Increase in impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment due to disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11855": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294127\"><span class=\"number\">7.5.9 </span><span class=\"title-text\">Other assets </span></h1><p>See accounting policy <a href=\"#n4294751\" title=\"R. Other assets\">R</a>. </p><h3 class=\"table-title\">Other assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due from customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">103 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash collateral paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,723 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,341 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,483 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,053 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Taxes receivable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">175 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Prepaid costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>113 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>270 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,596 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,323 </b></td></tr></tbody></table><br/><p>Cash collateral paid increased by \u20ac\u00a02.4 billion as a result of higher derivative liabilities, mainly driven by rising interest rates. For more information regarding derivatives see <a href=\"#n4294073\" title=\"Derivatives\">section 7.5.7</a>. </p><p>An amount of \u20ac\u00a05,585 million (2024: \u20ac\u00a03,312 million) of other assets is expected to be recovered within one year after the balance sheet date. </p><p>The following table shows the recognized impairments on other assets. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Increase in impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment due to disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4293828\"><span class=\"number\">7.5.19 </span><span class=\"title-text\">Other liabilities </span></h1><h3 class=\"table-title\">Other liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">295 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">249 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Trade payables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">376 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">371 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">640 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">647 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,369 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,322 </b></td></tr></tbody></table><br/><p>The carrying value of other liabilities approximates their fair value (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a> for further information on other financial liabilities). </p><p>An amount of \u20ac\u00a051 million (2024: \u20ac\u00a0184 million) of the other liabilities is expected to be settled more than one year after the balance sheet date. </p><p>The other non-financial liabilities consist mainly of accounts payable, accrued liabilities, VAT and other taxes to be paid. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11856": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294127\"><span class=\"number\">7.5.9 </span><span class=\"title-text\">Other assets </span></h1><p>See accounting policy <a href=\"#n4294751\" title=\"R. Other assets\">R</a>. </p><h3 class=\"table-title\">Other assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due from customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">103 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash collateral paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,723 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,341 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,483 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,053 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Taxes receivable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">175 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Prepaid costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>113 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>270 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,596 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,323 </b></td></tr></tbody></table><br/><p>Cash collateral paid increased by \u20ac\u00a02.4 billion as a result of higher derivative liabilities, mainly driven by rising interest rates. For more information regarding derivatives see <a href=\"#n4294073\" title=\"Derivatives\">section 7.5.7</a>. </p><p>An amount of \u20ac\u00a05,585 million (2024: \u20ac\u00a03,312 million) of other assets is expected to be recovered within one year after the balance sheet date. </p><p>The following table shows the recognized impairments on other assets. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Increase in impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment through profit and loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of impairment due to disposal </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11885": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294164\"><span class=\"number\">7.5.10 </span><span class=\"title-text\">Cash and cash equivalents </span></h1><p>See accounting policy <a href=\"#n4294766\" title=\"S. Cash and cash equivalents\">S</a>. </p><h3 class=\"table-title\">Cash and cash equivalents </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and bank balances </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,769 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,228 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term deposits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">220 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">336 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Money market investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,629 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,709 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,194 </b></td></tr></tbody></table><br/><p>All cash and cash equivalents are freely available. The cash components include no cash related to cash collateral on derivative instruments (2024: \u20ac\u00a02,663 million). </p><p>Interest expenses on cash collateral is mainly based on \u20acSTR (2024: \u20acSTR). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndBankBalancesAtCentralBanksExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11886": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294164\"><span class=\"number\">7.5.10 </span><span class=\"title-text\">Cash and cash equivalents </span></h1><p>See accounting policy <a href=\"#n4294766\" title=\"S. Cash and cash equivalents\">S</a>. </p><h3 class=\"table-title\">Cash and cash equivalents </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and bank balances </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,769 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,228 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term deposits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">220 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">336 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Money market investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,629 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,709 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,194 </b></td></tr></tbody></table><br/><p>All cash and cash equivalents are freely available. The cash components include no cash related to cash collateral on derivative instruments (2024: \u20ac\u00a02,663 million). </p><p>Interest expenses on cash collateral is mainly based on \u20acSTR (2024: \u20acSTR). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11891": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294164\"><span class=\"number\">7.5.10 </span><span class=\"title-text\">Cash and cash equivalents </span></h1><p>See accounting policy <a href=\"#n4294766\" title=\"S. Cash and cash equivalents\">S</a>. </p><h3 class=\"table-title\">Cash and cash equivalents </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and bank balances </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,769 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,228 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term deposits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">220 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">336 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Money market investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,629 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,709 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,194 </b></td></tr></tbody></table><br/><p>All cash and cash equivalents are freely available. The cash components include no cash related to cash collateral on derivative instruments (2024: \u20ac\u00a02,663 million). </p><p>Interest expenses on cash collateral is mainly based on \u20acSTR (2024: \u20acSTR). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11892": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294188\"><span class=\"number\">7.5.11 </span><span class=\"title-text\">Equity </span></h1><p>See accounting policy <a href=\"#n4294783\" title=\"T. Equity\">T</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294291\"><span class=\"number\">7.5.11.1 </span><span class=\"title-text\">Share capital </span></h1><h3 class=\"table-title\">Share capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2025 </th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2024 </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Number of Shares (in millions) </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Amounts (in \u20ac\u00a0millions) </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Number of Shares (in millions) </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">(Amount (in \u20ac\u00a0millions) </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Ordinary shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Authorised capital; par value of \u20ac\u00a00.16 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">- Of which unsubscribed </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">116 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">19 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">114 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Subscribed and paid-up capital </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>209 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>211 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>34 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">- Authorised capital; par value of \u20ac\u00a00.16 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">- Of which unsubscribed </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Subscribed and paid-up capital </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><p>In 2025, share capital decreased to \u20ac\u00a033 million (2024: \u20ac\u00a034 million) due to the cancellation of 2,213 thousand treasury shares, as approved at the Annual General Meeting of the Shareholders on 21 May 2025, see <a href=\"#n4294247\" title=\"Treasury shares\">section 7.5.11.5</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294306\"><span class=\"number\">7.5.11.2 </span><span class=\"title-text\">Share premium reserve </span></h1><p>In 2025, the share premium reserve decreased by \u20ac\u00a043 million due to the cancellation of 2,213 thousand treasury shares, as approved at the Annual General Meeting of the Shareholders on 21 May 2025, see <a href=\"#n4294247\" title=\"Treasury shares\">section 7.5.11.5</a>. </p><p>In 2024, there were no changes in the share premium reserve. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294202\"><span class=\"number\">7.5.11.3 </span><span class=\"title-text\">Unrealised gains and losses recorded in equity </span></h1><h3 class=\"table-title\">Unrealised gains and losses recorded in equity </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-4 align-right border-bottom-1 colspan-4 headrow headrow-last\" colspan=\"4\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-7 align-right border-bottom-1 colspan-3 headrow headrow-last\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Investments at FVOCI </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Revaluation of property in own use and plants </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Total </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Investments at FVOCI </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Revaluation of property in own use and plants </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Total </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Gross unrealised gains and losses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>529 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>61 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>590 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>476 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>532 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Related tax </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-106 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-86 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-100 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total unrealised gains and losses recorded in equity </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>439 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>45 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>484 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>390 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>42 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>432 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294229\"><span class=\"number\">7.5.11.4 </span><span class=\"title-text\">Actuarial gains and losses </span></h1><p>The balance of actuarial gains and losses related to the pension obligation increased in 2025 by \u20ac\u00a0135 million after tax and \u20ac\u00a0182 million before tax. (2024: increased by \u20ac\u00a0113 million after tax and \u20ac\u00a0152 million before tax). The increase is mainly due to an increase in the discount rate (see <a href=\"#n4293688\" title=\"Employee benefits\">section 7.5.15</a>). Remeasurement of post-employment benefits other than pensions increased by \u20ac\u00a02 million after tax (2024: nil). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294247\"><span class=\"number\">7.5.11.5 </span><span class=\"title-text\">Treasury shares </span></h1><p>In February 2025, a.s.r. announced a share buyback programme for the amount of \u20ac\u00a0125 million. The repurchase was completed on May 6, 2025. Therefore, during the period from 20 February 2025 through 6 May 2025, a.s.r. repurchased 2,404 thousand shares under an open market share buyback programme for an amount of \u20ac\u00a0125 million (average share price \u20ac\u00a052.00). </p><p>In the Annual General Meeting of the Shareholders on 21 May 2025 the resolution was adopted to cancel 2,213 thousand shares which were acquired in 2024. The cancellation was effected in July 2025. In 2024, no shares were cancelled. </p><p>In June 2025, a.s.r. announced a share buyback programme for 300 thousand shares related to the employee share purchase plan. Therefore, during the period from 16 June 2025 through 16 July 2025, a.s.r. repurchased 300 thousand shares under an open market share buyback programme for an amount of \u20ac\u00a017 million (average share price \u20ac\u00a055.91).The repurchase was completed on July 16, 2025. </p><p>In September 2025, a.s.r. participated in the partial selldown of Aegon Ltd.'s position in a.s.r. a.s.r. repurchased 1,875 thousand shares related to the accelerated bookbuild of Aegon Ltd. for an amount of \u20ac\u00a0105 million (average share price \u20ac\u00a056.00), see <a href=\"#n4295386\" title=\"Related party transactions\">section 7.7.4</a>. a.s.r.'s participation in this first selldown by Aegon Ltd. is supplementary to a.s.r.'s existing share buyback program of \u20ac\u00a0525 million for the 2024-2026 plan period. a.s.r. will seek approval from the General Meeting of Shareholders on 20 May 2026 to cancel the repurchased shares. </p><p>As part of the employee share purchase plan a.s.r. sold 235 thousand shares (2024: 268 thousand shares) for an amount of \u20ac\u00a011 million (2024: \u20ac\u00a09 million). For more information on the employee share purchase plan, see <a href=\"#n4295428\" title=\"Employee Share Purchase Plan\">section 7.7.6</a>. </p><p>The amount of treasury shares held at year-end of \u20ac\u00a0245 million (2024: \u20ac\u00a0109 million) represents 4,555 thousand treasury shares (2024: 2,425 thousand). </p><div class=\"tanPageBreak start-node\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294273\"><span class=\"number\">7.5.11.6 </span><span class=\"title-text\">Other equity instruments </span></h1><h3 class=\"table-title\">Other equity instruments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:25%;\"/><col style=\"width:17%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Coupon date </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">First possible redemption date </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Hybrid Tier 2 instrument 5% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-left border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Annually with effect from 30 September 2015 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 September 2024 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:top;\">Restricted Tier 1 instrument 4.625% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">507 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">507 </td><td class=\"valign-top startCol-4 endCol-4 align-left border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Semi-annually with effect from 19 April 2018 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">19 October 2027 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:top;\">Restricted Tier 1 instrument 6,625% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">500 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">500 </td><td class=\"valign-top startCol-4 endCol-4 align-left border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Semi-annually with effect from 27 March 2024 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">27 December 2031 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:top;\">Restricted Tier 1 instrument 6,5% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">500 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-left border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Semi-annually with effect from 2 April 2025 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2 October 2035 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-left border-left-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other equity instruments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,507 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,007 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr></tbody></table><br/><p>The Tier 1 and Tier 2 instruments bear discretionary interest and have no maturity date, but can be redeemed at the option of a.s.r. on any coupon due date from the above-mentioned possible redemption dates. </p><p>The Tier 1 and Tier 2 instruments have subordination provisions, rank junior to all other liabilities and senior to only shareholder's equity. The conditions of the securities contain certain provisions for optional and required coupon payment deferral and mandatory coupon payment events. </p><p>The coupon payments in respect of the Tier 1 and Tier 2 instruments are deductible for tax purposes. </p><p>In April 2025, a.s.r. issued \u20ac\u00a0500\u00a0million perpetual subordinated restricted Tier 1 capital securities priced with a fixed rate coupon of 6.5% per annum (payable semi-annually) until 2 October 2035 (the 'first reset date'). The new issue is first callable at par during the six months period up to the first reset date and on each interest payment thereafter. </p><h3 class=\"table-title\">Distributed amounts to holders of equity instruments as discretionary interest </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Hybrid Tier 2 instrument 5% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Restricted Tier 1 instrument 4.625% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Restricted Tier 1 instrument 6,625% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:top;\">Restricted Tier 1 instrument 6,5% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total distributed amounts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>63 </b></td></tr></tbody></table><br/><p>The Tier 1 and Tier 2 instruments are classified as equity as there is no requirement to settle the obligation in cash or another financial asset or to exchange financial assets or financial liabilities under conditions that are potentially unfavourable for a.s.r. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294215\"><span class=\"number\">7.5.11.7 </span><span class=\"title-text\">Earnings per share </span></h1><h3 class=\"table-title\">Basic earnings per share at year-end </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from continuing operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">476 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,015 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from discontinued operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-121 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result attributable to holders of ordinary shares for calculating the earnings per ordinary share </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>476 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>895 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Weighted average number of ordinary shares in issue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">206,443,522 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">210,798,737 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Basic earnings per ordinary share from continuing operations (in euros) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2.30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4.82 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Basic earnings per ordinary share from discontinued operations (in euros) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-0.57 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Basic earnings per ordinary share (in euros) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2.30 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4.24 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Diluted earnings per share at year-end </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result attributable to holders of ordinary shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">476 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,015 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- effect of Restricted Tier 1 capital instrument </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Adjusted net result from continuing operations </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>493 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,032 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from discontinued operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-121 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Adjusted net result attributable to holders of ordinary shares for calculating the diluted earnings per ordinary share </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>493 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>912 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Weighted average number of ordinary shares in issue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">206,443,522 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">210,798,737 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Weighted average number of ordinary shares resulting from conversion of bonds Restricted Tier 1 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">21,645,022 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">21,645,022 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Weighted average number of shares used to calculate the diluted earnings per ordinary share </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>228,088,544 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>232,443,759 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diluted earnings per ordinary share from continuing operations (in euros) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2.16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4.44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diluted earnings per ordinary share from discontinued operations (in euros) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-0.52 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Diluted earnings per ordinary share (in euros) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2.16 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3.92 </b></td></tr></tbody></table><br/><p>Net result in the table is after tax and non-controlling interests. </p><p>For additional information related to net result, see <a href=\"#n4296266\" title=\"Consolidated income statement\">section 7.2.2</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11963": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294291\"><span class=\"number\">7.5.11.1 </span><span class=\"title-text\">Share capital </span></h1><h3 class=\"table-title\">Share capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2025 </th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2024 </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Number of Shares (in millions) </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Amounts (in \u20ac\u00a0millions) </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Number of Shares (in millions) </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">(Amount (in \u20ac\u00a0millions) </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Ordinary shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Authorised capital; par value of \u20ac\u00a00.16 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">- Of which unsubscribed </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">116 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">19 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">114 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Subscribed and paid-up capital </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>209 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>211 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>34 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">- Authorised capital; par value of \u20ac\u00a00.16 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">- Of which unsubscribed </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Subscribed and paid-up capital </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><p>In 2025, share capital decreased to \u20ac\u00a033 million (2024: \u20ac\u00a034 million) due to the cancellation of 2,213 thousand treasury shares, as approved at the Annual General Meeting of the Shareholders on 21 May 2025, see <a href=\"#n4294247\" title=\"Treasury shares\">section 7.5.11.5</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i11964": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294291\"><span class=\"number\">7.5.11.1 </span><span class=\"title-text\">Share capital </span></h1><h3 class=\"table-title\">Share capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2025 </th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">31 December 2024 </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Number of Shares (in millions) </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Amounts (in \u20ac\u00a0millions) </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Number of Shares (in millions) </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">(Amount (in \u20ac\u00a0millions) </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Ordinary shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Authorised capital; par value of \u20ac\u00a00.16 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">- Of which unsubscribed </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">116 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">19 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">114 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Subscribed and paid-up capital </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>209 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>211 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>34 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">- Authorised capital; par value of \u20ac\u00a00.16 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">- Of which unsubscribed </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Subscribed and paid-up capital </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><p>In 2025, share capital decreased to \u20ac\u00a033 million (2024: \u20ac\u00a034 million) due to the cancellation of 2,213 thousand treasury shares, as approved at the Annual General Meeting of the Shareholders on 21 May 2025, see <a href=\"#n4294247\" title=\"Treasury shares\">section 7.5.11.5</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294306\"><span class=\"number\">7.5.11.2 </span><span class=\"title-text\">Share premium reserve </span></h1><p>In 2025, the share premium reserve decreased by \u20ac\u00a043 million due to the cancellation of 2,213 thousand treasury shares, as approved at the Annual General Meeting of the Shareholders on 21 May 2025, see <a href=\"#n4294247\" title=\"Treasury shares\">section 7.5.11.5</a>. </p><p>In 2024, there were no changes in the share premium reserve. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294202\"><span class=\"number\">7.5.11.3 </span><span class=\"title-text\">Unrealised gains and losses recorded in equity </span></h1><h3 class=\"table-title\">Unrealised gains and losses recorded in equity </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-4 align-right border-bottom-1 colspan-4 headrow headrow-last\" colspan=\"4\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-7 align-right border-bottom-1 colspan-3 headrow headrow-last\" colspan=\"3\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Investments at FVOCI </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Revaluation of property in own use and plants </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Total </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Investments at FVOCI </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Revaluation of property in own use and plants </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Total </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Gross unrealised gains and losses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>529 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>61 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>590 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>476 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>532 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Related tax </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-106 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-86 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-100 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total unrealised gains and losses recorded in equity </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>439 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>45 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>484 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>390 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>42 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>432 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294229\"><span class=\"number\">7.5.11.4 </span><span class=\"title-text\">Actuarial gains and losses </span></h1><p>The balance of actuarial gains and losses related to the pension obligation increased in 2025 by \u20ac\u00a0135 million after tax and \u20ac\u00a0182 million before tax. (2024: increased by \u20ac\u00a0113 million after tax and \u20ac\u00a0152 million before tax). The increase is mainly due to an increase in the discount rate (see <a href=\"#n4293688\" title=\"Employee benefits\">section 7.5.15</a>). Remeasurement of post-employment benefits other than pensions increased by \u20ac\u00a02 million after tax (2024: nil). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294247\"><span class=\"number\">7.5.11.5 </span><span class=\"title-text\">Treasury shares </span></h1><p>In February 2025, a.s.r. announced a share buyback programme for the amount of \u20ac\u00a0125 million. The repurchase was completed on May 6, 2025. Therefore, during the period from 20 February 2025 through 6 May 2025, a.s.r. repurchased 2,404 thousand shares under an open market share buyback programme for an amount of \u20ac\u00a0125 million (average share price \u20ac\u00a052.00). </p><p>In the Annual General Meeting of the Shareholders on 21 May 2025 the resolution was adopted to cancel 2,213 thousand shares which were acquired in 2024. The cancellation was effected in July 2025. In 2024, no shares were cancelled. </p><p>In June 2025, a.s.r. announced a share buyback programme for 300 thousand shares related to the employee share purchase plan. Therefore, during the period from 16 June 2025 through 16 July 2025, a.s.r. repurchased 300 thousand shares under an open market share buyback programme for an amount of \u20ac\u00a017 million (average share price \u20ac\u00a055.91).The repurchase was completed on July 16, 2025. </p><p>In September 2025, a.s.r. participated in the partial selldown of Aegon Ltd.'s position in a.s.r. a.s.r. repurchased 1,875 thousand shares related to the accelerated bookbuild of Aegon Ltd. for an amount of \u20ac\u00a0105 million (average share price \u20ac\u00a056.00), see <a href=\"#n4295386\" title=\"Related party transactions\">section 7.7.4</a>. a.s.r.'s participation in this first selldown by Aegon Ltd. is supplementary to a.s.r.'s existing share buyback program of \u20ac\u00a0525 million for the 2024-2026 plan period. a.s.r. will seek approval from the General Meeting of Shareholders on 20 May 2026 to cancel the repurchased shares. </p><p>As part of the employee share purchase plan a.s.r. sold 235 thousand shares (2024: 268 thousand shares) for an amount of \u20ac\u00a011 million (2024: \u20ac\u00a09 million). For more information on the employee share purchase plan, see <a href=\"#n4295428\" title=\"Employee Share Purchase Plan\">section 7.7.6</a>. </p><p>The amount of treasury shares held at year-end of \u20ac\u00a0245 million (2024: \u20ac\u00a0109 million) represents 4,555 thousand treasury shares (2024: 2,425 thousand). </p><div class=\"tanPageBreak start-node\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4294273\"><span class=\"number\">7.5.11.6 </span><span class=\"title-text\">Other equity instruments </span></h1><h3 class=\"table-title\">Other equity instruments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:25%;\"/><col style=\"width:17%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-left border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Coupon date </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">First possible redemption date </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Hybrid Tier 2 instrument 5% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-left border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Annually with effect from 30 September 2015 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 September 2024 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:top;\">Restricted Tier 1 instrument 4.625% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">507 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">507 </td><td class=\"valign-top startCol-4 endCol-4 align-left border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Semi-annually with effect from 19 April 2018 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">19 October 2027 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:top;\">Restricted Tier 1 instrument 6,625% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">500 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">500 </td><td class=\"valign-top startCol-4 endCol-4 align-left border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Semi-annually with effect from 27 March 2024 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">27 December 2031 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:top;\">Restricted Tier 1 instrument 6,5% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">500 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-left border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Semi-annually with effect from 2 April 2025 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2 October 2035 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-left border-left-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other equity instruments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,507 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,007 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr></tbody></table><br/><p>The Tier 1 and Tier 2 instruments bear discretionary interest and have no maturity date, but can be redeemed at the option of a.s.r. on any coupon due date from the above-mentioned possible redemption dates. </p><p>The Tier 1 and Tier 2 instruments have subordination provisions, rank junior to all other liabilities and senior to only shareholder's equity. The conditions of the securities contain certain provisions for optional and required coupon payment deferral and mandatory coupon payment events. </p><p>The coupon payments in respect of the Tier 1 and Tier 2 instruments are deductible for tax purposes. </p><p>In April 2025, a.s.r. issued \u20ac\u00a0500\u00a0million perpetual subordinated restricted Tier 1 capital securities priced with a fixed rate coupon of 6.5% per annum (payable semi-annually) until 2 October 2035 (the 'first reset date'). The new issue is first callable at par during the six months period up to the first reset date and on each interest payment thereafter. </p><h3 class=\"table-title\">Distributed amounts to holders of equity instruments as discretionary interest </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Hybrid Tier 2 instrument 5% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Restricted Tier 1 instrument 4.625% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Restricted Tier 1 instrument 6,625% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:top;\">Restricted Tier 1 instrument 6,5% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total distributed amounts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>63 </b></td></tr></tbody></table><br/><p>The Tier 1 and Tier 2 instruments are classified as equity as there is no requirement to settle the obligation in cash or another financial asset or to exchange financial assets or financial liabilities under conditions that are potentially unfavourable for a.s.r. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i12020": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294247\"><span class=\"number\">7.5.11.5 </span><span class=\"title-text\">Treasury shares </span></h1><p>In February 2025, a.s.r. announced a share buyback programme for the amount of \u20ac\u00a0125 million. The repurchase was completed on May 6, 2025. Therefore, during the period from 20 February 2025 through 6 May 2025, a.s.r. repurchased 2,404 thousand shares under an open market share buyback programme for an amount of \u20ac\u00a0125 million (average share price \u20ac\u00a052.00). </p><p>In the Annual General Meeting of the Shareholders on 21 May 2025 the resolution was adopted to cancel 2,213 thousand shares which were acquired in 2024. The cancellation was effected in July 2025. In 2024, no shares were cancelled. </p><p>In June 2025, a.s.r. announced a share buyback programme for 300 thousand shares related to the employee share purchase plan. Therefore, during the period from 16 June 2025 through 16 July 2025, a.s.r. repurchased 300 thousand shares under an open market share buyback programme for an amount of \u20ac\u00a017 million (average share price \u20ac\u00a055.91).The repurchase was completed on July 16, 2025. </p><p>In September 2025, a.s.r. participated in the partial selldown of Aegon Ltd.'s position in a.s.r. a.s.r. repurchased 1,875 thousand shares related to the accelerated bookbuild of Aegon Ltd. for an amount of \u20ac\u00a0105 million (average share price \u20ac\u00a056.00), see <a href=\"#n4295386\" title=\"Related party transactions\">section 7.7.4</a>. a.s.r.'s participation in this first selldown by Aegon Ltd. is supplementary to a.s.r.'s existing share buyback program of \u20ac\u00a0525 million for the 2024-2026 plan period. a.s.r. will seek approval from the General Meeting of Shareholders on 20 May 2026 to cancel the repurchased shares. </p><p>As part of the employee share purchase plan a.s.r. sold 235 thousand shares (2024: 268 thousand shares) for an amount of \u20ac\u00a011 million (2024: \u20ac\u00a09 million). For more information on the employee share purchase plan, see <a href=\"#n4295428\" title=\"Employee Share Purchase Plan\">section 7.7.6</a>. </p><p>The amount of treasury shares held at year-end of \u20ac\u00a0245 million (2024: \u20ac\u00a0109 million) represents 4,555 thousand treasury shares (2024: 2,425 thousand). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i12206": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4294215\"><span class=\"number\">7.5.11.7 </span><span class=\"title-text\">Earnings per share </span></h1><h3 class=\"table-title\">Basic earnings per share at year-end </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from continuing operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">476 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,015 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from discontinued operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-121 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result attributable to holders of ordinary shares for calculating the earnings per ordinary share </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>476 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>895 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Weighted average number of ordinary shares in issue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">206,443,522 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">210,798,737 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Basic earnings per ordinary share from continuing operations (in euros) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2.30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4.82 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Basic earnings per ordinary share from discontinued operations (in euros) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-0.57 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Basic earnings per ordinary share (in euros) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2.30 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4.24 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Diluted earnings per share at year-end </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result attributable to holders of ordinary shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">476 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,015 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- effect of Restricted Tier 1 capital instrument </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Adjusted net result from continuing operations </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>493 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,032 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net result from discontinued operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-121 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Adjusted net result attributable to holders of ordinary shares for calculating the diluted earnings per ordinary share </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>493 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>912 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Weighted average number of ordinary shares in issue </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">206,443,522 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">210,798,737 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Weighted average number of ordinary shares resulting from conversion of bonds Restricted Tier 1 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">21,645,022 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">21,645,022 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Weighted average number of shares used to calculate the diluted earnings per ordinary share </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>228,088,544 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>232,443,759 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diluted earnings per ordinary share from continuing operations (in euros) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2.16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4.44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diluted earnings per ordinary share from discontinued operations (in euros) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-0.52 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Diluted earnings per ordinary share (in euros) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2.16 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3.92 </b></td></tr></tbody></table><br/><p>Net result in the table is after tax and non-controlling interests. </p><p>For additional information related to net result, see <a href=\"#n4296266\" title=\"Consolidated income statement\">section 7.2.2</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i12243": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294322\"><span class=\"number\">7.5.12 </span><span class=\"title-text\">Subordinated liabilities </span></h1><p>See accounting policy <a href=\"#n4294803\" title=\"U. Financing\">U</a>. </p><h3 class=\"table-title\">Subordinated liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:15%;\"/><col style=\"width:17%;\"/><col style=\"width:17%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Nominal amount </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Carrying value 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Carrying value 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Hybrid Tier 2 instrument 5.125% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">506 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Hybrid Tier 2 instrument 3.375% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">500 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">508 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">508 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Hybrid Tier 2 instrument 7.000% fixed interest </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,000 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">994 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">993 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total subordinated liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,500 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,503 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,007 </b></td></tr></tbody></table><br/><p>In 2015, a.s.r. issued \u20ac\u00a0500 million subordinated liabilities in the form of Tier 2 notes, and maturing on 29 September 2045. The coupon was fixed at 5.125% and paid annually on 29 September with a step up at the first call date. In March 2025, holders of the notes were offered to tender their notes for cash in accordance with the terms and conditions as set out in the Tender Offer Memorandum. The Tender Offer also provided noteholders with the opportunity to sell their current holdings in the hybrid Tier 2 instrument and to apply for priority in the allocation of the subordinated restricted Tier 1 capital securities, see <a href=\"#n4294273\" title=\"Other equity instruments\">section 7.5.11.6</a>. As a result, the carrying value of the subordinated liabilities decreased by \u20ac\u00a0412\u00a0million, settled on 4 April 2025. On 29 September 2025, the remaining outstanding notes with a principal amount of <span style=\"white-space:nowrap;\">\u20ac\u00a088 million</span> were redeemed in full at their principal amount. </p><p>In 2019 a.s.r. issued \u20ac\u00a0500 million subordinated liabilities in the form of Tier 2 notes. The bond has a maturity date of 2049 and is first callable 3 months before the first reset date of 2 May 2029. The coupon is fixed at 3.375% and paid annually on 2 May. After the reset date the interest is calculated based on the 5 Year Mid Swap Rate plus a margin of 4.000 % and updated once every five years. </p><p>In 2022 a.s.r. issued \u20ac\u00a01 billion subordinated liabilities, qualified as Tier 2 notes, to partially finance the business combination with Aegon NL. The Tier 2 notes have a maturity date of 2043 and are first callable on 7 December 2033. The coupon is fixed at 7.000% and paid annually on 7 December. </p><p>These notes are subordinated and ranking equally without any preference amongst themselves and (a) junior to the claims of all senior creditors of a.s.r., (b) equally with any parity obligations and (c) in priority to claims in respect of (i) any equity securities and (ii) any junior obligations. </p><p>The subordinated liabilities are classified as liabilities given the obligation to settle the loans and pay the coupon. They are considered Tier 2 own funds for regulatory purposes. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSubordinatedLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i12358": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293444\"><span class=\"number\">7.5.13 </span><span class=\"title-text\">Insurance contract liabilities and reinsurance contract assets </span></h1><p>See accounting policy <a href=\"#n4295154\" title=\"F1. Insurance contracts\">F</a>. </p><h3 class=\"table-title\">Insurance and reinsurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:37.7%;\"/><col style=\"width:15.8%;\"/><col style=\"width:15.7%;\"/><col style=\"width:15.8%;\"/><col style=\"width:15%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Assets </b></th><th class=\"valign-bottom startCol-4 endCol-4 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life - GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,161 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,713 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life - PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,133 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,992 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-life insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,294 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,705 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life - GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">54,956 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">56,443 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Life insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>54,956 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pre-recognition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>61 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\"><b>52 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>63,312 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>64,200 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life - GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">128 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">201 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life - PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">82 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life - GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">146 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">205 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life - PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>351 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>491 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><p>Pre-recognition cash flows consists of prepaid premiums for insurance contracts not yet recognised. </p><p>The tables in the following paragraphs show the movements in insurance contract balances for the different measurement models. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293481\"><span class=\"number\">7.5.13.1 </span><span class=\"title-text\">Insurance contracts - Non-life </span></h1><h3 class=\"table-title\">Changes in insurance contracts by remaining coverage and incurred claims current year GMM and PAA </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/><col style=\"width:11%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-6 align-center border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-5 endCol-6 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contracts measured under PAA </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Contracts measured under GMM </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,058 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,492 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,059 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>71 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,705 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue from contracts measured under GMM, of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,019 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,019 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,691 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,691 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the modified retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-329 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-329 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue from contracts measured under PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,918 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,918 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-51 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,657 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,952 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,579 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes related to past services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-60 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-86 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">70 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">70 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,650 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,891 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,562 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">294 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">754 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,048 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>294 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>754 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,071 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,944 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,645 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,633 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,914 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,944 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,645 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-304 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance expenses (income) from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">67 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">162 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,877 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,011 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,701 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-142 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,920 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,920 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-551 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,581 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,031 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,163 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-37 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,332 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,581 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,031 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>720 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer prepaid insurance service expenses from LRC to LIC </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">550 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-550 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,074 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>44 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,922 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,178 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>76 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,294 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in insurance contracts by remaining coverage and incurred claims prior year GMM and PAA </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/><col style=\"width:11%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-6 align-center border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-5 endCol-6 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contracts measured under PAA </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Contracts measured under GMM </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,071 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>29 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,023 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,975 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>68 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,165 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue from contracts measured under GMM, of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,046 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,046 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-990 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-990 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the modified retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-465 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-465 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-591 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-591 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue from contracts measured under PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,567 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,567 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,536 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,655 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,182 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes related to past services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-65 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-22 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-38 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,585 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,590 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,168 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">298 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">738 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,036 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>24 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>298 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>738 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,061 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>24 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,883 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,328 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,229 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,589 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,883 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,328 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-385 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance expenses (income) from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">107 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">90 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">273 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,482 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,973 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,400 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-112 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,579 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,579 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-527 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,504 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,866 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,897 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,021 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,504 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,866 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>651 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer prepaid insurance service expenses from LRC to LIC </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">526 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-526 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,058 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,492 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,059 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>71 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,705 </b></td></tr></tbody></table><br/><p>In 2025, a.s.r. implemented a voluntary change in accounting policy regarding the treatment of incurred claims that remain subject to future insurance risk within the Individual Disability portfolio, see section <a href=\"#n4294956\" title=\"Changes in accounting policies\">7.3.2.1</a>. As a result, amounts previously recognised as liabilities for incurred claims have been reclassified to liabilities for remaining coverage. As at 31 December 2024, liabilities for remaining coverage excluding loss component have increased by \u20ac\u00a01,658 million (from \u20ac\u00a0400 million to \u20ac\u00a02,058 million) and at the same time liabilities for incurred claims of contracts measured under GMM have decreased by \u20ac\u00a01,728 million (from \u20ac\u00a05,220 million to \u20ac\u00a03,492 million). The impact on the opening balance as at 1 January 2024 is of a comparable magnitude. This reclassification also affects the measurement of the CSM, related experience adjustments (linked to current and past services) are recognised in the CSM rather than in the insurance service result. </p><p>In 2024, other relates to the transfer of the Aegon P&amp;C acquired claims portfolio from GMM to PAA, so that the complete P&amp;C portfolio would fall under the PAA model. This could be done due to the very limited CSM that was remaining on this portfolio at the moment of the transfer (\u20ac\u00a01 million early release to the insurance contract revenue). </p><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in insurance contracts measured under GMM, by measurement component current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-middle startCol-5 endCol-5 align-left border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-6 endCol-6 align-left border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,271 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>215 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>162 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>65 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,713 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that result in losses or the reversal of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">45 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">46 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-88 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-106 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-98 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-106 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-21 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-21 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">40 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-23 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-7 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-19 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-14 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-6 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-30 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">66 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">105 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>47 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>74 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,981 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,981 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,581 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,581 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-37 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>363 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>363 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,690 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>232 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>239 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>176 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>63 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,161 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in insurance contracts measured under GMM, by measurement component prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-middle startCol-5 endCol-5 align-left border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-6 endCol-6 align-left border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,942 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>222 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>198 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>48 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,362 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-44 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">61 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">35 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that result in losses or the reversal of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-109 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-143 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-135 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-143 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-52 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-45 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-154 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-14 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>19 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-150 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">178 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">198 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>24 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>29 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>12 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>49 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,915 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,915 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,504 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,504 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>381 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>381 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-75 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-78 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,271 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>215 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>162 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>65 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,713 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><p>In 2025, a.s.r. implemented a voluntary change in accounting policy regarding the treatment of incurred claims that remain subject to future insurance risk within the Individual Disability portfolio, see section <a href=\"#n4294956\" title=\"Changes in accounting policies\">7.3.2.1</a>. As a result, amounts previously recognised as liabilities for incurred claims have been reclassified to liabilities for remaining coverage and subsequently the contractual service margin decreased by \u20ac\u00a066 million as per 31 December 2024 from \u20ac\u00a0293 million to \u20ac\u00a0226 million. </p><p>In 2024, other relates to the transfer of the Aegon P&amp;C acquired claims portfolio from GMM to PAA, so that the complete P&amp;C portfolio would fall under the PAA model. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293500\"><span class=\"number\">7.5.13.2 </span><span class=\"title-text\">Insurance contracts - Life </span></h1><h3 class=\"table-title\">Changes in insurance contracts by remaining coverage and incurred claims current year GMM </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>56,025 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>198 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>220 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,983 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,983 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,008 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,008 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-975 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-975 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,476 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,462 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,476 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,421 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">122 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">122 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>122 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>124 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,598 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,546 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-705 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">705 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,685 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,303 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-437 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,073 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,071 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,759 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-52 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,303 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,508 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,297 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,297 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,301 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,301 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,284 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,301 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>983 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>54,583 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>151 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>222 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>54,956 </b></td></tr></tbody></table><br/><p>In 2025, premiums received is positively impacted by the effects of pension buy-outs (\u20ac\u00a02.8 billion). </p><h3 class=\"table-title\">Changes in insurance contracts by remaining coverage and incurred claims prior year GMM </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>55,585 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>220 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>258 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,063 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,906 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,906 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,972 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,972 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-934 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-934 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,443 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,428 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-9 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Incurred claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,443 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,419 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">128 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">128 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>128 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>130 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,571 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,549 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-720 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,624 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,292 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-357 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,412 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,414 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,212 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-23 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,292 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,057 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,670 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,330 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,330 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,653 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,330 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,677 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,025 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>198 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>220 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr></tbody></table><br/><p>For the Life segment the liability remaining coverage includes the incurred claims from certain second order events (for example from future premium waiver at disability or incurred survivor benefits) following the option to account for these events as part of the liability remaining coverage. </p><h3 class=\"table-title\">Changes in insurance contracts by measurement component current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-left border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:left;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>50,327 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,994 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,122 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,284 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>838 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-183 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-286 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">470 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">172 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">298 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that result in losses or the reversal of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-73 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-47 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-226 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">115 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">117 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">100 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-266 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-200 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-66 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-266 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-132 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-132 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-381 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-377 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>321 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>72 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>249 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-437 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,066 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-115 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">111 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">109 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,071 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,448 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-492 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>432 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>181 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>250 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,508 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,297 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,297 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,301 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,301 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>983 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>983 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>48,886 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,502 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,568 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,465 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,103 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>54,956 </b></td></tr></tbody></table><br/><p>Following approval from the DNB, a.s.r. life applied the PIM in 2025. The introduction of the PIM resulted in a decrease in the risk adjustment and a corresponding increase in the CSM. As a result, in 2025 the release of the risk adjustment decreased by \u20ac\u00a030 million, the CSM release increased by \u20ac\u00a027 million and the loss component decreased by \u20ac\u00a052 million. The primary driver of this impact is the difference between the discount/accretion rate applied to the risk adjustment (based on the actual discount rate) and the rate applied to the CSM (based on the locked\u2011in discount rate). This rate differential contributed negatively to the insurance finance result by \u20ac\u00a094 million. A smaller portion of the total impact relates to onerous groups of insurance contracts, for which part of the loss component recognised in profit or loss in prior years is now reversed. </p><p>Further details on the risk adjustment assumption change are provided in section <a href=\"#n4293519\" title=\"Assumptions used\">7.5.13.4.3 Risk Adjustment</a>. The impact of the risk adjustment change on the operating result is disclosed in section <a href=\"#n4295529\" title=\"Operating result\">7.10 Operating result</a>. </p><h3 class=\"table-title\">Changes in insurance contracts by measurement component prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-left border-bottom-1 border-left-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:left;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>50,313 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,082 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,668 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,122 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>545 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,063 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-455 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-65 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">520 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">188 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">332 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that result in losses or the reversal of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-211 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-171 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-211 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-151 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-151 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-486 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-211 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>340 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>49 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>292 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-357 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,177 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">123 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">114 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">114 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,414 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,690 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-88 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>454 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>162 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>292 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,057 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,670 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,330 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,330 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,677 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,677 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>50,327 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,994 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,122 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,284 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>838 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr></tbody></table><br/><p>Further details on the risk adjustment changes are provided in <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4.3</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293462\"><span class=\"number\">7.5.13.3 </span><span class=\"title-text\">Reinsurance contracts - Non-life and Life </span></h1><h3 class=\"table-title\">Changes in reinsurance contracts by remaining coverage and incurred claims current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-3 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for remaining coverage </b></th><th class=\"valign-middle startCol-4 endCol-5 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for incurred claims </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss recovery component </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss recovery component </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>373 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>116 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>491 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Allocation of reinsurance premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-820 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-820 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Amounts recoverable from reinsurers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">724 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">725 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in amounts recoverable arising from changes in assets for incurred claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-820 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>718 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-102 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-36 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-860 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>721 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-138 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">752 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">752 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-739 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-739 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>752 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-739 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>13 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>248 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>351 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in reinsurance contracts by remaining coverage and incurred claims prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-3 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for remaining coverage </b></th><th class=\"valign-middle startCol-4 endCol-5 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for incurred claims </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss recovery component </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss recovery component </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>392 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>123 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>518 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Allocation of reinsurance premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-679 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-679 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Amounts recoverable from reinsurers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">566 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">566 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in amounts recoverable arising from changes in assets for incurred claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-679 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>579 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-101 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">21 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">26 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-658 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>584 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-75 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">655 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">655 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-607 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-607 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>655 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-607 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>48 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-0 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>373 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>116 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>491 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in reinsurance contracts by measurement component current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-middle startCol-1 endCol-1 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-center border-bottom-1 border-top-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contractual service margin </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-164 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>469 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>27 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>406 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in the income statement for services received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-7 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-7 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-49 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-49 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-44 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-39 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>14 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-52 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-46 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-47 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-83 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">634 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">634 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-666 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-666 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-32 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-32 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-21 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-176 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>417 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>274 </b></td></tr></tbody></table><br/><p>In December 2025, Aegon life has entered into an additional longevity reinsurance contract. The contract reinsures a specified portfolio of insurance contracts of a buy-out against possible future mortality developments. The size of the underlying portfolio is \u20ac\u00a01.3 billion. The reinsurer will pay benefits as long as the participants live and receive fixed payments from Aegon life. A net reinsurance asset/liability is recognised in accordance with applicable IFRS requirements, using the general measurement model. See <a href=\"#n4306166\" title=\"Managing Life underwriting risk\">section 7.8.2.1.1</a>on the collateral which has been posted with respect to the contract. </p><p>Further details on the RA changes are provided in <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4.3</a>. </p><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in reinsurance contracts by measurement component prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-middle startCol-1 endCol-1 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-center border-bottom-1 border-top-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contractual service margin </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-139 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>483 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>93 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>68 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>25 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>437 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in the income statement for services received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-41 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-41 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-16 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-39 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-51 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-22 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-14 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-29 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">539 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">539 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-528 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-528 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-164 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>469 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>27 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>406 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293519\"><span class=\"number\">7.5.13.4 </span><span class=\"title-text\">Assumptions used </span></h1><p>In estimating the fulfilment cash flows included in the contract boundary, a.s.r. considers the range of all possible outcomes in an unbiased way specifying the amount of cash flows, timing and probability reflecting conditions existing at the measurement date, using a probability-weighted average of all possible scenarios. In determining possible scenarios, a.s.r. uses all the reasonable and supportable information available to them without undue cost and effort, which includes information about past events, current conditions and future forecasts. </p><p>The following are key assumptions and methodologies used in the valuation of the insurance liabilities and are discussed in more detail further in this chapter: </p><ul><li><p>actuarial assumptions: addressing mortality and longevity, lapse, cancellation and surrender assumptions and for expenses; </p></li><li><p>risk adjustment; </p></li><li><p>discount rate; and </p></li><li><p>coverage units </p></li></ul><div class=\"header header-2\">7.5.13.4.1 Changes in estimates </div><p>Assumptions are reviewed periodically, based on historical experience, observable market data, including market transactions such as acquisitions and reinsurance transactions, anticipated trends and legislative changes. Similarly, the models and systems used for determining our insurance liabilities are reviewed periodically and, if deemed necessary, updated based on emerging best practices and available technology. </p><p>The main impacts of model updates and annual update of the non-economic assumptions are the impacts on mortality, expense, spouse age difference , disability and mortgages (see <a href=\"#n4294012\" title=\"Investments at FVTPL\">section 7.5.5.1)</a>. </p><div class=\"header header-4\">Mortality assumption </div><p>In 2025, a.s.r. implemented a refinement to the mortality model, enabling the model to absorb large outliers in mortality data between years. With this refinement, the mortality model is able to fully use the Covid-19 years, which were previously not (2020 and 2021) or only partially (2022 till 2024) taken into account. Next to the refinement, the a.s.r. mortality table is updated to the latest available data. </p><p>Furthermore,\u00a0 a.s.r. has updated the mortality experience factors models of both Pensions and Individual life &amp; Funeral, applying socio-economic, age- and gender-dependent experience factors in the models. </p><p>The updates of the mortality models and assumptions resulted in an increase on the insurance liabilities fulfilment cashflows of \u20ac\u00a037 million, decreasing the CSM with \u20ac\u00a042 million, and\u00a0 a positive impact on pre-tax earnings of \u20ac\u00a05 million, as the updates also had an impact on the loss component. Harmonisation of the experience factors resulted in a reduction of the insurance liabilities fulfilment cashflows of \u20ac\u00a0137 million, increase of the CSM with \u20ac\u00a0100 million, and had a positive impact on pre-tax earnings of \u20ac\u00a037 million, as the updates also had an impact on the loss component. </p><div class=\"header header-4\">Expense assumption </div><p>In 2025, a.s.r. implemented several refinements to the maintenance expense methodology, and the parameters used for the maintenance expense reserve were updated. These updates consisted of numerous changes, which in aggregate resulted in a reduction of \u20ac\u00a011 million of the insurance liabilities fulfilment cashflows, increasing the CSM with \u20ac\u00a018 million. The updates also impact the loss component, leading to a negative impact on pre-tax income of \u20ac\u00a07 million. </p><div class=\"header header-4\">Spouse age difference assumption </div><p>In 2025, a.s.r. updated the methodology within the Pensions business to determine the spouse age difference in case of an unknown spouse. This update resulted in an increase of \u20ac\u00a028 million of the insurance liabilities fulfilment cashflows, decreasing the CSM. The updates did not had an impact on the loss component. </p><div class=\"header header-4\">Direct method for direct participating insurance contracts </div><p>In 2025, a.s.r. harmonised the accounting of direct participating insurance contracts between a.s.r. life and Aegon life, which are accounted for under the VFA method. As a result of the change in methodology from indirect to direct method and harmonisation of the NDIC approach, changes in the fair value of underlying items are accounted for through profit or loss increasing the insurance contract revenue, with a similar effect on insurance service expenses. This impacts disclosures in <a href=\"#n4296349\" title=\"Segmented income statement and operating result\">section 7.4.3</a>, <a href=\"#n4293668\" title=\"Life \u2013 direct participating insurance contracts\">section 7.5.14.1</a>, <a href=\"#n4293641\" title=\"Contracts issued in the period\">section 7.5.14.2</a>, <a href=\"#n4294466\" title=\"Insurance contract revenue\">section 7.6.1</a> and <a href=\"#n4294491\" title=\"Insurance service expenses\">section 7.6.2</a>. The change to direct method aligns IFRS with the Solvency II measurement . There is a minor impact on insurance liabilities and pre-tax income in 2025, as the processed change is mostly presentation. </p><div class=\"header header-4\">Disability </div><p>For the Disability business including inflation, a.s.r. updated the non-economic assumptions, including updates for assumptions for disability percentage and recovery rates, which resulted in a reduction of \u20ac\u00a051 million on the insurance liabilities fulfilment cashflows, increasing the CSM. On the liability for incurred claims the update of disability assumptions had a negative impact. Group disability has experienced adverse claims development due to elevated incidence rates, especially related to psychological absenteeism and long COVID. There remains some uncertainty in the incidence rates due to the dependence on external agency UWV for testing or re-testing disabled participants. The impact on pre-tax income in 2025 of all updates is a loss of \u20ac\u00a0104 million, consisting of \u20ac\u00a067 million loss from impact on past services, while \u20ac\u00a037 million loss is related to a dotation to the loss component.\u202f\u00a0</p><div class=\"header header-4\">Coverage units </div><p>a.s.r. has reassessed the defined coverage units applied in all Disability portfolio's (Individual Disability, Group Disability and Sickness leave). This resulted in changes in coverage units and the determination of the release of the CSM. These are non-material changes. </p><div class=\"header header-4\">Risk adjustment correction factor </div><p>In 2025, update of the risk adjustment correction factor parameter resulted in a total increase on the risk adjustment of \u20ac\u00a041 million, decreasing the CSM with the same amount. The updates did not had an impact on the loss component. </p><div class=\"header header-2\">7.5.13.4.2 Actuarial assumptions </div><p>Cash flow estimates include both market variables directly observed in the market or derived directly from markets and non-market variables, such as mortality and longevity. The best estimate assumptions regarding mortality and longevity include recent trend assumptions for life expectancy in the Netherlands and a.s.r.\u2019s past experience and are generally developed based on a blend of company experience and industry wide studies, taking into consideration product characteristics, own risk selection criteria, the insured population, recent mortality trend assumptions.\u00a0</p><p>Lapse, cancellation and surrender assumptions are non-economic assumptions and reflect the expected policyholder behaviour. As such the rates usually depend on issue year, policy year, major business lines and sales channels. Such granularity is usually enough to capture how the product terms and conditions as well as regulations can influence the timing and volume of lapse and surrenders. Calendar year-based adjustments and dynamic policyholder behaviour are considered when needed in specific circumstances. </p><p>Expenses are included in the fulfilment cash flows, when they are directly attributable to insurance contracts and have been allocated to the business lines. These expenses include acquisition expenses, investment expenses related to direct participating contracts as well as overhead costs that a.s.r. considers to be unavoidable when fulfilling the in-force contracts. </p><div class=\"header header-2\">7.5.13.4.3 Risk adjustment </div><p>The risk adjustment is determined for each portfolio of insurance contracts using a Cost of Capital (CoC) method similar to the risk margin used for reporting under the Solvency II framework. a.s.r. currently uses the Solvency II model to quantify the risks, adjusted for the following points: </p><ul><li><p>Excluding general operational risk; </p></li><li><p>Excluding market risk (if any); </p></li><li><p>Excluding reinsurance counterparty default risk; </p></li><li><p>Added a reinsured risk adjustment by calculating the risk adjustment gross and net of reinsurance; </p></li><li><p>A CoC rate of 6% is used, diversification effects are applied for disability, taking into account a going concern basis; and </p></li><li><p>The IFRS 17 discount rate curve is used. </p></li></ul><p>In 2025, DNB approved the PIM for a.s.r. life. Following this approval, a.s.r. life applied the PIM to its Solvency II capital calculations. The application of the PIM affects the Solvency II risk margin. Because the IFRS\u202f17 risk adjustment is determined using a cost\u2011of\u2011capital (CoC) approach that is aligned with the methodology underlying the Solvency II risk margin, the risk adjustment was also affected. The impact resulting from the application of the PIM is considered a change in estimate under IFRS\u202f17 and is applied prospectively. As a.s.r. life applies year\u2011to\u2011date accounting, the effect is reflected in the reporting period 2025. </p><p>The application of the PIM resulted in: </p><ul><li><p>a decrease in the risk adjustment measured on the current (actual) discount curve of \u20ac\u00a0331 million; </p></li><li><p>an increase in the contractual service margin (CSM) measured on the locked\u2011in discount curve of \u20ac\u00a0373 million; and </p></li><li><p>a decrease in the loss component of \u20ac\u00a052 million. </p></li></ul><p>These changes affect the measurement of the Insurance liabilities. </p><p>The above movements also affected profit or loss for the period. The risk adjustment release for 2025 decreased by \u20ac\u00a030 million and the CSM release increased by \u20ac\u00a027 million. The impact on the release of the loss component was limited. The reduction in the risk adjustment was mainly driven by differences between the actual and locked\u2011in discount curves, which resulted in a negative impact of \u20ac\u00a094 million on insurance finance expenses. </p><p>The risks that are generally incorporated through the risk adjustment are mortality, longevity, disability, lapse, catastrophe and expense risk. A projection of expected future risks is made and all these risks are projected into the future. The total risk for every future year is determined based on correlations between the risks described in Solvency II. The projected total risk for every year is multiplied by a cost of capital charge and discounted at the balance sheet date. </p><p>The Risk Adjustment is based on a Cost of Capital method. a.s.r. has created a method to transfer the outcome of the Risk Adjustment to a confidence level. The risk adjustment is calculated at a range of confidence levels, as set out below in the table. The implied confidence levels are determined for both the one year and multiyear view, gross of reinsurance. </p><h3 class=\"table-title\">Confidence levels </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:30%;\"/><col style=\"width:35%;\"/><col style=\"width:35%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 border-left-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1 year view </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Ultimate view </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Range </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">95% - 98% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">66% - 76% </td></tr></tbody></table><br/><p>The implied confidence levels at 31 December 2025 were equal to those implied at 31 December 2024. </p><div class=\"header header-2\">7.5.13.4.4 Discount </div><p>Discount curves to discount the expected future fulfilment cash flows are determined using a liquid risk-free curve to which an illiquidity premium is added. The risk-free curve is based on the 6-month EURIBOR swap rate and includes a credit-risk adjustment and a first smoothing point of 20 years. a.s.r. uses an UFR of 3.20% in 2025 (2024: 3.25%) for the construction of the curve from the first smoothing point (FSP). The impact of the decrease in UFR is \u20ac\u00a036 million on the value of the insurance contract liabilities and \u20ac\u00a010 million on the liabilities arising from direct participating insurance contracts. </p><p>The liability illiquidity premium (LIP) is the adjustment resulting from differences between the liquidity characteristics of the group of insurance contracts and the liquidity of the assets used to establish the yield curve. The LIP is derived from a.s.r.\u2019s current asset portfolio using a top-down approach per entity or liability product. In 2025, a.s.r. Has updated the LIP used for a.s.r. life and Aegon life, with offsetting impacts between the portfolios, In aggregate, the update of the LIP reduced the value of the insurance contract liabilities by \u20ac\u00a0110 million. </p><p>The discount curves are also applicable to the liabilities arising from direct participating insurance contracts. Further information on these contracts can be found in <a href=\"#n4293625\" title=\"Liabilities arising from direct participating insurance contracts\">section 7.5.14</a>. </p><p>The range of application ratio's follow the SCR Mass Lapse methodology. </p><h3 class=\"table-title\">Discount curves used in the valuation of the insurance contract liabilities and liabilities arising from direct participating insurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:12%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-6 endCol-6 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-7 endCol-7 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-8 endCol-8 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-9 endCol-9 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Years </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Range LIP </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>20 </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>30 </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>40 </b></th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>50 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">31 December 2025 </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">0% (min) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.07% </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.47% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.85% </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.20% </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.19% </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.18% </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.18% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100% (max) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.65% </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.05% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.43% </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.78% </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.68% </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.57% </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.49% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">31 December 2024 </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">50% (min) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.64% </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.54% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.67% </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.66% </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.63% </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.72% </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.81% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100% (max) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.23% </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.13% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.26% </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.25% </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.12% </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.11% </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.13% </td></tr></tbody></table><br/><div class=\"header header-2\">7.5.13.4.5 Coverage units </div><p>Coverage units are determined based on the expected insurance contract services. The insurance contract services are determined considering the (weighted) quantity of the benefits provided from insurance and investment (return/related) services. If a contract provides coverage for more than one insured event or if it provides additional investment (return/related) services, the coverage unit reflects all material benefits. </p><p>a.s.r. has defined coverage units that differ per product type to best reflect a product's characteristics and the nature of the services provided to the policyholder. Insurance services are typically depicted by a metric that is based on the maximum amount that a policyholder would receive if the insured event were to occur, such as the total benefits amount or the death benefit amount. For investment-type services, coverage units are based on the total service that a.s.r. expects to provide the policyholder over the lifetime of the contract, which is best represented by the coverage unit 'total premium'. </p><p>The table below presents the defined coverage units per type of product for Life and Non-life business: </p><h3 class=\"table-title\">Coverage units </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:50%;\"/><col style=\"width:50%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Product type </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Coverage unit driver </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Pensions </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Defined Benefit (DB) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Attainable pension </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Defined Contribution (DC) - open book </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Attainable pension </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Defined Contribution (DC) - closed book </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Total premium </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pensions - Term insurance </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured including indexation </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Individual Life </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Unit-linked </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Total premium </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Term Insurance </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured (including indexation) </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Saving Mortgage </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured (including indexation) </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Annuity </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Annuity payable </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Traditional Saving / Endowment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured (including indexation) </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Funeral </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Funeral </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured including indexation </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-life/Income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Individual disability </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured including indexation </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Group disability </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Sickness Leave </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured </td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293575\"><span class=\"number\">7.5.13.5 </span><span class=\"title-text\">Contracts issued in the period </span></h1><p>The following tables summarise the effect on the measurement components of insurance and reinsurance contracts arising from the initial recognition of contracts measured under the GMM that were initially recognised in the year. </p><h3 class=\"table-title\">Contracts issued: Non-life insurance contracts current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expected claims and insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,290 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,450 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">34 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,325 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>162 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,487 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,427 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-148 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,575 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">31 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td></tr></tbody></table><br/><p>In 2025, Non-life onerous contracts consist of Group Disability contracts which were originally priced at a profitable level but turned onerous due to a higher experienced claims ratio. </p><h3 class=\"table-title\">Contracts issued: Non-life insurance contracts prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expected claims and insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">817 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,415 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>620 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>826 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,446 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-744 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-811 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,555 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td></tr></tbody></table><br/><p>In 2024, onerous Non-life contracts issued consist for about two thirds of Sickness Leave yearly prolongations at a combined ratio slightly above 100% due to an increased claims ratio, whereby cost synergies were not yet taken into account. The remainder consists of a part of the Group Disability production, which was priced slightly above 100% for commercial reasons, which is more than offset by profitable other Group Disability products in the same portfolio. </p><h3 class=\"table-title\">Contracts issued: Life insurance contracts current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expected claims and insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,346 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,369 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,359 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>24 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,383 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,589 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,609 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">113 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">115 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">117 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">117 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td></tr></tbody></table><br/><p>In 2025, Life profitable contracts are mainly driven by the three pension buyouts amounting to \u20ac\u00a02,810\u00a0million and onerous contracts decreased from \u20ac\u00a0474\u00a0million to \u20ac\u00a023\u00a0million. </p><h3 class=\"table-title\">Contracts issued: Life insurance contracts prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expected claims and insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">141 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">474 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">615 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>143 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>489 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>632 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-186 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-495 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-681 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">28 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Contracts issued: reinsurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of present value of cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,233 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of present value of cash outflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,235 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr></tbody></table><br/><p>In December 2025, Aegon life has entered into another longevity reinsurance contract with a reinsurer. See <a href=\"#n4293462\" title=\"Reinsurance contracts - Non-life and Life\">section 7.5.13.3</a> for further details on the new reinsurance contract. The contract has a negative CSM as the reinsurance assumptions regarding mortality mirror the relatively prudent assumptions a.s.r. uses on the insurance side. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293593\"><span class=\"number\">7.5.13.6 </span><span class=\"title-text\">Expected release of the CSM </span></h1><p>The following table illustrates when a.s.r. expects to recognise the remaining CSM as revenue for contracts measured under the GMM. </p><h3 class=\"table-title\">Expected release of the CSM current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 year </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-2 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2-3 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>3-4 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>4-5 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>10-20 years </b></th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>20-30 years </b></th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 30 years </b></th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">239 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">246 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">231 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">221 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">211 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">202 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">881 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,223 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">701 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">652 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,568 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-36 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total expected release of the CSM </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>297 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>262 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>234 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>225 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>212 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>919 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,258 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>715 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>654 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,774 </b></td></tr></tbody></table><br/><p>Following the implementation of PIM at a.s.r. life in 2025, CSM increased with \u20ac\u00a0373 million, see <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4.3</a>, increasing the expected release of the CSM for Life GMM compared to prior year. </p><h3 class=\"table-title\">Expected release of the CSM prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 year </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-2 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2-3 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>3-4 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>4-5 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>10-20 years </b></th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>20-30 years </b></th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 30 years </b></th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">39 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">69 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">42 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">227 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">186 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">186 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">176 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">170 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">736 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,102 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">701 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">701 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,122 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-26 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-74 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total expected release of the CSM </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>217 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>203 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>183 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>181 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>175 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>786 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,115 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>693 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>696 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,249 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293608\"><span class=\"number\">7.5.13.7 </span><span class=\"title-text\">Claims development table Non-life </span></h1><p>The table below is a ten-year summary of movements in gross cumulative claims in connection with the Non-life portfolio for the period from 2016 to 2025. </p><h3 class=\"table-title\">Ten-year summary of changes in gross cumulative claims </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-12 align-right border-bottom-1 colspan-11 headrow\" colspan=\"11\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">Claims year </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2016 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2017 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2018 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2019 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2020 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2021 </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2022 </th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2023 </th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At year end </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">1st claim year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,216 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,237 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,348 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,418 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,614 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,206 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,469 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,462 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,391 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,815 </td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2017 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,262 </td><td class=\"valign-bottom startCol-3 endCol-3 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2018 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,310 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,312 </td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2019 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,295 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,375 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,367 </td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2020 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,314 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,382 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,445 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,464 </td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2021 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,251 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,338 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,449 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,510 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,621 </td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2022 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,274 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,325 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,483 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,514 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,630 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,091 </td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2023 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,312 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,402 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,580 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,783 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,294 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,673 </td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2024 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,314 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,389 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,560 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,577 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,759 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,304 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,651 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,462 </td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2025 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,310 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,385 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,541 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,559 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,724 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,245 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,679 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,493 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,401 </td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of undiscounted gross cumulative claims 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,310 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,385 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,541 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,559 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,724 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,245 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,679 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,493 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,401 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,815 </b></td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cumulative gross paid claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,085 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,105 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,172 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,144 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,186 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,519 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,699 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,353 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,976 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,219 </td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross liabilities claims years 2016 to 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>225 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>280 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>369 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>415 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>539 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>727 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>980 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,140 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,425 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,596 </b></td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,697 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Gross liabilities claims years before 2016 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,177 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of discounting </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,663 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of the risk adjustment margin for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">132 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,166 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross liabilities for incurred claims </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,176 </b></td></tr></tbody></table><br/><p>Other includes a correction for gross liabilities (after effect of discounting) for claims reported under liabilities for remaining coverage, which are represented in the figures for gross liabilities claims years 2016 to 2025 and before 2016. These consist primarily of incurred claims that remain subject to future insurance risk within the Individual Disability portfolio, see section <a href=\"#n4294956\" title=\"Changes in accounting policies\">7.3.2.1</a>. Others also includes claims payables in transfer. </p><h3 class=\"table-title\">Ten-year summary of changes in gross cumulative claims </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-12 align-right border-bottom-1 colspan-11 headrow\" colspan=\"11\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">Claims year </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2015 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2016 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2017 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2018 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2019 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2020 </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2021 </th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2022 </th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2023 </th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At year end </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">1st claim year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,027 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,216 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,237 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,348 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,418 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,614 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,206 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,469 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,462 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,391 </td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2016 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,017 </td><td class=\"valign-bottom startCol-3 endCol-3\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2017 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,051 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,262 </td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2018 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,062 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,310 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,312 </td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2019 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,052 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,295 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,375 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,367 </td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2020 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,047 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,314 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,382 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,445 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,464 </td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2021 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,009 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,251 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,338 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,449 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,510 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,621 </td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2022 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,033 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,274 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,483 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,514 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,630 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right\" style=\"text-align:right;vertical-align:bottom;\">3,091 </td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2023 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,069 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,312 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,402 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,580 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,783 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right\" style=\"text-align:right;vertical-align:bottom;\">3,294 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right\" style=\"text-align:right;vertical-align:bottom;\">3,673 </td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2024 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,072 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,314 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,389 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,560 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,577 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,759 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">3,304 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">3,651 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">4,462 </td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of undiscounted gross cumulative claims 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,072 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,314 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,389 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,560 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,577 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,759 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,304 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,651 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,462 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,391 </b></td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cumulative gross paid claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">1,859 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,051 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,060 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,113 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,084 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,108 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,417 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,548 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">3,151 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">2,013 </td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross liabilities claims years 2015 to 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>213 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>263 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>329 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>447 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>493 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>650 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>886 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,103 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,311 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,379 </b></td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,075 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Gross liabilities claims years before 2015 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">1,176 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of discounting </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">-1,521 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of the risk adjustment margin for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">132 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">-2,241 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross liabilities for incurred claims </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,622 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4293625\"><span class=\"number\">7.5.14 </span><span class=\"title-text\">Liabilities arising from direct participating insurance contracts </span></h1><p>See accounting policies <a href=\"#n4295154\" title=\"F1. Insurance contracts\">F1</a>. For information on assumptions used, see <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4</a>. </p><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38,057 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">38,377 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pre-recognition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total liabilities arising from direct participating insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,049 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>38,366 </b></td></tr></tbody></table><br/><p>Pre-recognition cash flows mainly concern acquisition cash flows relating to insurance contracts, specifically <i>Werknemerspensioen</i>, not yet recognised. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293668\"><span class=\"number\">7.5.14.1 </span><span class=\"title-text\">Life \u2013 direct participating insurance contracts </span></h1><h3 class=\"table-title\">Changes in liabilities arising from direct participating insurance contracts by remaining coverage and incurred claims current year VFA </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,087 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>68 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>222 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,377 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,404 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,404 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,299 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,299 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-105 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-105 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-20 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,131 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,111 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,131 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,133 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">158 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">158 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>158 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>163 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,289 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,297 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,022 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,022 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,422 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,311 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-108 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,052 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,311 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>262 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cashflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,688 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,688 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,288 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,288 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,674 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,288 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-614 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>37,739 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>245 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,057 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in liabilities arising from direct participating insurance contracts by remaining coverage and incurred claims prior year VFA </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>35,790 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>228 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>36,093 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,081 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,081 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-994 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-994 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-87 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-87 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">779 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">767 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-6 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>779 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>772 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">155 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">155 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>155 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>159 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-6 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>934 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>932 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,263 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,340 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-6 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,197 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-149 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,072 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,071 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>732 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-7 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,197 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,922 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cashflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,557 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,557 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,203 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,203 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,545 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,203 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-658 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>38,087 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>68 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>222 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>38,377 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in liabilities arising from direct participating insurance contracts by measurement component current year VFA </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-left border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:left;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, Contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>36,587 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>530 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,260 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,063 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>197 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,377 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-63 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">35 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that do not adjust the CSM, ie losses on groups of onerous contracts and reversals of such losses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-95 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-89 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-95 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>51 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-99 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-59 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-80 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>21 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-108 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>421 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-99 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-59 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-80 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>21 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>262 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,688 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,688 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,288 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,288 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-614 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-614 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>36,426 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>431 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,201 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>983 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>217 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,057 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in liabilities arising from direct participating insurance contracts by measurement component prior year (VFA) </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-left border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:left;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, Contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>34,288 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>541 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,264 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,072 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>193 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>36,093 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-139 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">51 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">88 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that do not adjust the CSM, ie losses on groups of onerous contracts and reversals of such losses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-102 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-72 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-102 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-40 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-122 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-14 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-8 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-149 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,060 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,071 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,938 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-12 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-8 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,922 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,557 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,557 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,203 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,203 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-658 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-658 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>36,587 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>530 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,260 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,063 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>197 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>38,377 </b></td></tr></tbody></table><br/><p>At year-end 2025, the liabilities included a guarantee provision for a carrying amount of \u20ac\u00a057 million (2024: \u20ac\u00a058 million). </p><p>An amount of \u20ac\u00a0517 million (2024: \u20ac\u00a0417 million) of the liabilities arising from direct participating insurance contracts is related to the a.s.r. pension DC plans. </p><p>For more information on the assumptions used and changes in estimates, see <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293641\"><span class=\"number\">7.5.14.2 </span><span class=\"title-text\">Contracts issued in the period </span></h1><p>The following tables summarise the effect on the measurement components of insurance contracts arising from the initial recognition of contracts that were initially recognised in the year. </p><h3 class=\"table-title\">Contracts issued: Liabilities arising from direct participating insurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses payable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">504 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,055 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,559 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>508 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,059 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,567 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-508 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,029 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,538 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33 </b></td></tr></tbody></table><br/><p>Onerous contracts in 2025 relate to the 2026 DC Pension production which resulted in losses due to mortality and expense assumption updates. </p><p>In 2025, a.s.r. harmonised the accounting of direct participating insurance contracts between a.s.r. life and Aegon life, which are accounted for under the VFA method. As a result of the change in methodology from indirect to direct method, estimates of the present value of cash inflows and cash outflows increased with a net neutral impact on CSM and equity. For more information, see <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4</a>. </p><h3 class=\"table-title\">Contracts issued: Liabilities arising from direct participating insurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses payable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">39 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">76 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-64 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293656\"><span class=\"number\">7.5.14.3 </span><span class=\"title-text\">Expected release of the CSM </span></h1><p>The following table illustrates when a.s.r. expects to recognise the remaining CSM as revenue. </p><h3 class=\"table-title\">Expected release of the CSM </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 year </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-2 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2-3 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>3-4 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>4-5 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>10-20 years </b></th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>20-30 years </b></th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 30 years </b></th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>88 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>82 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>77 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>71 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>66 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>261 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>301 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>155 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>98 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,200 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2024 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">94 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">88 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">82 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">76 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">71 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">280 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">314 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">155 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">102 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,260 </td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4294491\"><span class=\"number\">7.6.2 </span><span class=\"title-text\">Insurance service expenses </span></h1><p>See <a href=\"#n4294849\" title=\"W2. Insurance service expenses\">accounting policy W2</a>. </p><p>Total insurance service expenses increased by \u20ac\u00a0766 million to \u20ac\u00a09,475 million comprising claims and benefits (\u20ac\u00a0757 million increase) and insurance service operating expenses (\u20ac\u00a09 million increase). The increase in insurance service expenses was \u20ac\u00a0404 million in the Non-life segment and \u20ac\u00a0362 million in the Life segment. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfClaimsAndBenefitsPaidExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i12359": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293444\"><span class=\"number\">7.5.13 </span><span class=\"title-text\">Insurance contract liabilities and reinsurance contract assets </span></h1><p>See accounting policy <a href=\"#n4295154\" title=\"F1. Insurance contracts\">F</a>. </p><h3 class=\"table-title\">Insurance and reinsurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:37.7%;\"/><col style=\"width:15.8%;\"/><col style=\"width:15.7%;\"/><col style=\"width:15.8%;\"/><col style=\"width:15%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Assets </b></th><th class=\"valign-bottom startCol-4 endCol-4 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life - GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,161 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,713 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life - PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,133 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,992 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-life insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,294 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,705 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life - GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">54,956 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">56,443 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Life insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>54,956 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pre-recognition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>61 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\"><b>52 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>63,312 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>64,200 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life - GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">128 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">201 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life - PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">82 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life - GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">146 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">205 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life - PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>351 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>491 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><p>Pre-recognition cash flows consists of prepaid premiums for insurance contracts not yet recognised. </p><p>The tables in the following paragraphs show the movements in insurance contract balances for the different measurement models. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293481\"><span class=\"number\">7.5.13.1 </span><span class=\"title-text\">Insurance contracts - Non-life </span></h1><h3 class=\"table-title\">Changes in insurance contracts by remaining coverage and incurred claims current year GMM and PAA </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/><col style=\"width:11%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-6 align-center border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-5 endCol-6 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contracts measured under PAA </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Contracts measured under GMM </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,058 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,492 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,059 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>71 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,705 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue from contracts measured under GMM, of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,019 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,019 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,691 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,691 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the modified retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-329 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-329 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue from contracts measured under PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,918 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,918 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-51 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,657 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,952 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,579 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes related to past services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-60 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-86 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">70 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">70 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,650 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,891 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,562 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">294 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">754 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,048 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>294 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>754 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,071 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,944 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,645 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,633 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,914 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,944 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,645 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-304 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance expenses (income) from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">67 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">162 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,877 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,011 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,701 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-142 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,920 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,920 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-551 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,581 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,031 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,163 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-37 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,332 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,581 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,031 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>720 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer prepaid insurance service expenses from LRC to LIC </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">550 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-550 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,074 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>44 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,922 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,178 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>76 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,294 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in insurance contracts by remaining coverage and incurred claims prior year GMM and PAA </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/><col style=\"width:11%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-6 align-center border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-5 endCol-6 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contracts measured under PAA </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Contracts measured under GMM </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,071 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>29 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,023 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,975 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>68 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,165 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue from contracts measured under GMM, of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,046 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,046 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-990 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-990 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the modified retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-465 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-465 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-591 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-591 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue from contracts measured under PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,567 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,567 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,536 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,655 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,182 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes related to past services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-65 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-22 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-38 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,585 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,590 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,168 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">298 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">738 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,036 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>24 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>298 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>738 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,061 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>24 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,883 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,328 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,229 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,589 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,883 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,328 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-385 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance expenses (income) from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">107 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">90 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">273 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,482 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,973 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,400 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-112 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,579 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,579 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-527 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,504 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,866 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,897 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,021 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,504 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,866 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>651 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer prepaid insurance service expenses from LRC to LIC </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">526 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-526 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,058 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,492 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,059 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>71 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,705 </b></td></tr></tbody></table><br/><p>In 2025, a.s.r. implemented a voluntary change in accounting policy regarding the treatment of incurred claims that remain subject to future insurance risk within the Individual Disability portfolio, see section <a href=\"#n4294956\" title=\"Changes in accounting policies\">7.3.2.1</a>. As a result, amounts previously recognised as liabilities for incurred claims have been reclassified to liabilities for remaining coverage. As at 31 December 2024, liabilities for remaining coverage excluding loss component have increased by \u20ac\u00a01,658 million (from \u20ac\u00a0400 million to \u20ac\u00a02,058 million) and at the same time liabilities for incurred claims of contracts measured under GMM have decreased by \u20ac\u00a01,728 million (from \u20ac\u00a05,220 million to \u20ac\u00a03,492 million). The impact on the opening balance as at 1 January 2024 is of a comparable magnitude. This reclassification also affects the measurement of the CSM, related experience adjustments (linked to current and past services) are recognised in the CSM rather than in the insurance service result. </p><p>In 2024, other relates to the transfer of the Aegon P&amp;C acquired claims portfolio from GMM to PAA, so that the complete P&amp;C portfolio would fall under the PAA model. This could be done due to the very limited CSM that was remaining on this portfolio at the moment of the transfer (\u20ac\u00a01 million early release to the insurance contract revenue). </p><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in insurance contracts measured under GMM, by measurement component current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-middle startCol-5 endCol-5 align-left border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-6 endCol-6 align-left border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,271 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>215 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>162 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>65 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,713 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that result in losses or the reversal of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">45 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">46 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-88 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-106 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-98 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-106 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-21 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-21 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">40 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-23 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-7 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-19 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-14 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-6 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-30 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">66 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">105 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>47 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>74 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,981 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,981 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,581 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,581 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-37 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>363 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>363 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,690 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>232 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>239 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>176 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>63 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,161 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in insurance contracts measured under GMM, by measurement component prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-middle startCol-5 endCol-5 align-left border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-6 endCol-6 align-left border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,942 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>222 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>198 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>48 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,362 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-44 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">61 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">35 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that result in losses or the reversal of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-109 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-143 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-135 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-143 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-52 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-45 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-154 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-14 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>19 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-150 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">178 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">198 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>24 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>29 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>12 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>49 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,915 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,915 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,504 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,504 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>381 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>381 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-75 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-78 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,271 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>215 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>162 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>65 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,713 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><p>In 2025, a.s.r. implemented a voluntary change in accounting policy regarding the treatment of incurred claims that remain subject to future insurance risk within the Individual Disability portfolio, see section <a href=\"#n4294956\" title=\"Changes in accounting policies\">7.3.2.1</a>. As a result, amounts previously recognised as liabilities for incurred claims have been reclassified to liabilities for remaining coverage and subsequently the contractual service margin decreased by \u20ac\u00a066 million as per 31 December 2024 from \u20ac\u00a0293 million to \u20ac\u00a0226 million. </p><p>In 2024, other relates to the transfer of the Aegon P&amp;C acquired claims portfolio from GMM to PAA, so that the complete P&amp;C portfolio would fall under the PAA model. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293500\"><span class=\"number\">7.5.13.2 </span><span class=\"title-text\">Insurance contracts - Life </span></h1><h3 class=\"table-title\">Changes in insurance contracts by remaining coverage and incurred claims current year GMM </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>56,025 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>198 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>220 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,983 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,983 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,008 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,008 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-975 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-975 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,476 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,462 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,476 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,421 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">122 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">122 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>122 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>124 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,598 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,546 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-705 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">705 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,685 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,303 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-437 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,073 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,071 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,759 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-52 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,303 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,508 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,297 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,297 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,301 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,301 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,284 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,301 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>983 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>54,583 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>151 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>222 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>54,956 </b></td></tr></tbody></table><br/><p>In 2025, premiums received is positively impacted by the effects of pension buy-outs (\u20ac\u00a02.8 billion). </p><h3 class=\"table-title\">Changes in insurance contracts by remaining coverage and incurred claims prior year GMM </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>55,585 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>220 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>258 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,063 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,906 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,906 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,972 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,972 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-934 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-934 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,443 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,428 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-9 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Incurred claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,443 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,419 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">128 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">128 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>128 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>130 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,571 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,549 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-720 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,624 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,292 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-357 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,412 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,414 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,212 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-23 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,292 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,057 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,670 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,330 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,330 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,653 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,330 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,677 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,025 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>198 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>220 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr></tbody></table><br/><p>For the Life segment the liability remaining coverage includes the incurred claims from certain second order events (for example from future premium waiver at disability or incurred survivor benefits) following the option to account for these events as part of the liability remaining coverage. </p><h3 class=\"table-title\">Changes in insurance contracts by measurement component current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-left border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:left;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>50,327 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,994 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,122 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,284 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>838 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-183 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-286 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">470 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">172 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">298 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that result in losses or the reversal of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-73 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-47 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-226 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">115 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">117 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">100 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-266 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-200 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-66 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-266 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-132 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-132 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-381 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-377 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>321 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>72 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>249 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-437 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,066 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-115 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">111 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">109 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,071 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,448 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-492 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>432 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>181 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>250 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,508 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,297 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,297 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,301 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,301 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>983 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>983 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>48,886 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,502 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,568 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,465 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,103 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>54,956 </b></td></tr></tbody></table><br/><p>Following approval from the DNB, a.s.r. life applied the PIM in 2025. The introduction of the PIM resulted in a decrease in the risk adjustment and a corresponding increase in the CSM. As a result, in 2025 the release of the risk adjustment decreased by \u20ac\u00a030 million, the CSM release increased by \u20ac\u00a027 million and the loss component decreased by \u20ac\u00a052 million. The primary driver of this impact is the difference between the discount/accretion rate applied to the risk adjustment (based on the actual discount rate) and the rate applied to the CSM (based on the locked\u2011in discount rate). This rate differential contributed negatively to the insurance finance result by \u20ac\u00a094 million. A smaller portion of the total impact relates to onerous groups of insurance contracts, for which part of the loss component recognised in profit or loss in prior years is now reversed. </p><p>Further details on the risk adjustment assumption change are provided in section <a href=\"#n4293519\" title=\"Assumptions used\">7.5.13.4.3 Risk Adjustment</a>. The impact of the risk adjustment change on the operating result is disclosed in section <a href=\"#n4295529\" title=\"Operating result\">7.10 Operating result</a>. </p><h3 class=\"table-title\">Changes in insurance contracts by measurement component prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-left border-bottom-1 border-left-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:left;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>50,313 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,082 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,668 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,122 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>545 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,063 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-455 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-65 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">520 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">188 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">332 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that result in losses or the reversal of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-211 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-171 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-211 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-151 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-151 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-486 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-211 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>340 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>49 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>292 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-357 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,177 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">123 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">114 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">114 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,414 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,690 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-88 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>454 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>162 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>292 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,057 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,670 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,330 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,330 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,677 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,677 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>50,327 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,994 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,122 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,284 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>838 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr></tbody></table><br/><p>Further details on the risk adjustment changes are provided in <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4.3</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293462\"><span class=\"number\">7.5.13.3 </span><span class=\"title-text\">Reinsurance contracts - Non-life and Life </span></h1><h3 class=\"table-title\">Changes in reinsurance contracts by remaining coverage and incurred claims current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-3 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for remaining coverage </b></th><th class=\"valign-middle startCol-4 endCol-5 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for incurred claims </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss recovery component </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss recovery component </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>373 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>116 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>491 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Allocation of reinsurance premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-820 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-820 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Amounts recoverable from reinsurers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">724 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">725 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in amounts recoverable arising from changes in assets for incurred claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-820 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>718 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-102 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-36 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-860 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>721 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-138 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">752 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">752 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-739 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-739 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>752 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-739 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>13 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>248 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>351 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in reinsurance contracts by remaining coverage and incurred claims prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-3 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for remaining coverage </b></th><th class=\"valign-middle startCol-4 endCol-5 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for incurred claims </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss recovery component </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss recovery component </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>392 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>123 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>518 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Allocation of reinsurance premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-679 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-679 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Amounts recoverable from reinsurers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">566 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">566 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in amounts recoverable arising from changes in assets for incurred claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-679 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>579 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-101 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">21 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">26 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-658 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>584 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-75 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">655 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">655 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-607 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-607 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>655 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-607 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>48 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-0 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>373 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>116 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>491 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in reinsurance contracts by measurement component current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-middle startCol-1 endCol-1 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-center border-bottom-1 border-top-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contractual service margin </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-164 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>469 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>27 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>406 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in the income statement for services received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-7 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-7 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-49 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-49 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-44 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-39 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>14 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-52 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-46 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-47 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-83 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">634 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">634 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-666 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-666 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-32 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-32 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-21 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-176 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>417 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>274 </b></td></tr></tbody></table><br/><p>In December 2025, Aegon life has entered into an additional longevity reinsurance contract. The contract reinsures a specified portfolio of insurance contracts of a buy-out against possible future mortality developments. The size of the underlying portfolio is \u20ac\u00a01.3 billion. The reinsurer will pay benefits as long as the participants live and receive fixed payments from Aegon life. A net reinsurance asset/liability is recognised in accordance with applicable IFRS requirements, using the general measurement model. See <a href=\"#n4306166\" title=\"Managing Life underwriting risk\">section 7.8.2.1.1</a>on the collateral which has been posted with respect to the contract. </p><p>Further details on the RA changes are provided in <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4.3</a>. </p><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in reinsurance contracts by measurement component prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-middle startCol-1 endCol-1 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-center border-bottom-1 border-top-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contractual service margin </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-139 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>483 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>93 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>68 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>25 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>437 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in the income statement for services received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-41 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-41 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-16 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-39 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-51 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-22 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-14 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-29 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">539 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">539 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-528 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-528 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-164 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>469 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>27 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>406 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293519\"><span class=\"number\">7.5.13.4 </span><span class=\"title-text\">Assumptions used </span></h1><p>In estimating the fulfilment cash flows included in the contract boundary, a.s.r. considers the range of all possible outcomes in an unbiased way specifying the amount of cash flows, timing and probability reflecting conditions existing at the measurement date, using a probability-weighted average of all possible scenarios. In determining possible scenarios, a.s.r. uses all the reasonable and supportable information available to them without undue cost and effort, which includes information about past events, current conditions and future forecasts. </p><p>The following are key assumptions and methodologies used in the valuation of the insurance liabilities and are discussed in more detail further in this chapter: </p><ul><li><p>actuarial assumptions: addressing mortality and longevity, lapse, cancellation and surrender assumptions and for expenses; </p></li><li><p>risk adjustment; </p></li><li><p>discount rate; and </p></li><li><p>coverage units </p></li></ul><div class=\"header header-2\">7.5.13.4.1 Changes in estimates </div><p>Assumptions are reviewed periodically, based on historical experience, observable market data, including market transactions such as acquisitions and reinsurance transactions, anticipated trends and legislative changes. Similarly, the models and systems used for determining our insurance liabilities are reviewed periodically and, if deemed necessary, updated based on emerging best practices and available technology. </p><p>The main impacts of model updates and annual update of the non-economic assumptions are the impacts on mortality, expense, spouse age difference , disability and mortgages (see <a href=\"#n4294012\" title=\"Investments at FVTPL\">section 7.5.5.1)</a>. </p><div class=\"header header-4\">Mortality assumption </div><p>In 2025, a.s.r. implemented a refinement to the mortality model, enabling the model to absorb large outliers in mortality data between years. With this refinement, the mortality model is able to fully use the Covid-19 years, which were previously not (2020 and 2021) or only partially (2022 till 2024) taken into account. Next to the refinement, the a.s.r. mortality table is updated to the latest available data. </p><p>Furthermore,\u00a0 a.s.r. has updated the mortality experience factors models of both Pensions and Individual life &amp; Funeral, applying socio-economic, age- and gender-dependent experience factors in the models. </p><p>The updates of the mortality models and assumptions resulted in an increase on the insurance liabilities fulfilment cashflows of \u20ac\u00a037 million, decreasing the CSM with \u20ac\u00a042 million, and\u00a0 a positive impact on pre-tax earnings of \u20ac\u00a05 million, as the updates also had an impact on the loss component. Harmonisation of the experience factors resulted in a reduction of the insurance liabilities fulfilment cashflows of \u20ac\u00a0137 million, increase of the CSM with \u20ac\u00a0100 million, and had a positive impact on pre-tax earnings of \u20ac\u00a037 million, as the updates also had an impact on the loss component. </p><div class=\"header header-4\">Expense assumption </div><p>In 2025, a.s.r. implemented several refinements to the maintenance expense methodology, and the parameters used for the maintenance expense reserve were updated. These updates consisted of numerous changes, which in aggregate resulted in a reduction of \u20ac\u00a011 million of the insurance liabilities fulfilment cashflows, increasing the CSM with \u20ac\u00a018 million. The updates also impact the loss component, leading to a negative impact on pre-tax income of \u20ac\u00a07 million. </p><div class=\"header header-4\">Spouse age difference assumption </div><p>In 2025, a.s.r. updated the methodology within the Pensions business to determine the spouse age difference in case of an unknown spouse. This update resulted in an increase of \u20ac\u00a028 million of the insurance liabilities fulfilment cashflows, decreasing the CSM. The updates did not had an impact on the loss component. </p><div class=\"header header-4\">Direct method for direct participating insurance contracts </div><p>In 2025, a.s.r. harmonised the accounting of direct participating insurance contracts between a.s.r. life and Aegon life, which are accounted for under the VFA method. As a result of the change in methodology from indirect to direct method and harmonisation of the NDIC approach, changes in the fair value of underlying items are accounted for through profit or loss increasing the insurance contract revenue, with a similar effect on insurance service expenses. This impacts disclosures in <a href=\"#n4296349\" title=\"Segmented income statement and operating result\">section 7.4.3</a>, <a href=\"#n4293668\" title=\"Life \u2013 direct participating insurance contracts\">section 7.5.14.1</a>, <a href=\"#n4293641\" title=\"Contracts issued in the period\">section 7.5.14.2</a>, <a href=\"#n4294466\" title=\"Insurance contract revenue\">section 7.6.1</a> and <a href=\"#n4294491\" title=\"Insurance service expenses\">section 7.6.2</a>. The change to direct method aligns IFRS with the Solvency II measurement . There is a minor impact on insurance liabilities and pre-tax income in 2025, as the processed change is mostly presentation. </p><div class=\"header header-4\">Disability </div><p>For the Disability business including inflation, a.s.r. updated the non-economic assumptions, including updates for assumptions for disability percentage and recovery rates, which resulted in a reduction of \u20ac\u00a051 million on the insurance liabilities fulfilment cashflows, increasing the CSM. On the liability for incurred claims the update of disability assumptions had a negative impact. Group disability has experienced adverse claims development due to elevated incidence rates, especially related to psychological absenteeism and long COVID. There remains some uncertainty in the incidence rates due to the dependence on external agency UWV for testing or re-testing disabled participants. The impact on pre-tax income in 2025 of all updates is a loss of \u20ac\u00a0104 million, consisting of \u20ac\u00a067 million loss from impact on past services, while \u20ac\u00a037 million loss is related to a dotation to the loss component.\u202f\u00a0</p><div class=\"header header-4\">Coverage units </div><p>a.s.r. has reassessed the defined coverage units applied in all Disability portfolio's (Individual Disability, Group Disability and Sickness leave). This resulted in changes in coverage units and the determination of the release of the CSM. These are non-material changes. </p><div class=\"header header-4\">Risk adjustment correction factor </div><p>In 2025, update of the risk adjustment correction factor parameter resulted in a total increase on the risk adjustment of \u20ac\u00a041 million, decreasing the CSM with the same amount. The updates did not had an impact on the loss component. </p><div class=\"header header-2\">7.5.13.4.2 Actuarial assumptions </div><p>Cash flow estimates include both market variables directly observed in the market or derived directly from markets and non-market variables, such as mortality and longevity. The best estimate assumptions regarding mortality and longevity include recent trend assumptions for life expectancy in the Netherlands and a.s.r.\u2019s past experience and are generally developed based on a blend of company experience and industry wide studies, taking into consideration product characteristics, own risk selection criteria, the insured population, recent mortality trend assumptions.\u00a0</p><p>Lapse, cancellation and surrender assumptions are non-economic assumptions and reflect the expected policyholder behaviour. As such the rates usually depend on issue year, policy year, major business lines and sales channels. Such granularity is usually enough to capture how the product terms and conditions as well as regulations can influence the timing and volume of lapse and surrenders. Calendar year-based adjustments and dynamic policyholder behaviour are considered when needed in specific circumstances. </p><p>Expenses are included in the fulfilment cash flows, when they are directly attributable to insurance contracts and have been allocated to the business lines. These expenses include acquisition expenses, investment expenses related to direct participating contracts as well as overhead costs that a.s.r. considers to be unavoidable when fulfilling the in-force contracts. </p><div class=\"header header-2\">7.5.13.4.3 Risk adjustment </div><p>The risk adjustment is determined for each portfolio of insurance contracts using a Cost of Capital (CoC) method similar to the risk margin used for reporting under the Solvency II framework. a.s.r. currently uses the Solvency II model to quantify the risks, adjusted for the following points: </p><ul><li><p>Excluding general operational risk; </p></li><li><p>Excluding market risk (if any); </p></li><li><p>Excluding reinsurance counterparty default risk; </p></li><li><p>Added a reinsured risk adjustment by calculating the risk adjustment gross and net of reinsurance; </p></li><li><p>A CoC rate of 6% is used, diversification effects are applied for disability, taking into account a going concern basis; and </p></li><li><p>The IFRS 17 discount rate curve is used. </p></li></ul><p>In 2025, DNB approved the PIM for a.s.r. life. Following this approval, a.s.r. life applied the PIM to its Solvency II capital calculations. The application of the PIM affects the Solvency II risk margin. Because the IFRS\u202f17 risk adjustment is determined using a cost\u2011of\u2011capital (CoC) approach that is aligned with the methodology underlying the Solvency II risk margin, the risk adjustment was also affected. The impact resulting from the application of the PIM is considered a change in estimate under IFRS\u202f17 and is applied prospectively. As a.s.r. life applies year\u2011to\u2011date accounting, the effect is reflected in the reporting period 2025. </p><p>The application of the PIM resulted in: </p><ul><li><p>a decrease in the risk adjustment measured on the current (actual) discount curve of \u20ac\u00a0331 million; </p></li><li><p>an increase in the contractual service margin (CSM) measured on the locked\u2011in discount curve of \u20ac\u00a0373 million; and </p></li><li><p>a decrease in the loss component of \u20ac\u00a052 million. </p></li></ul><p>These changes affect the measurement of the Insurance liabilities. </p><p>The above movements also affected profit or loss for the period. The risk adjustment release for 2025 decreased by \u20ac\u00a030 million and the CSM release increased by \u20ac\u00a027 million. The impact on the release of the loss component was limited. The reduction in the risk adjustment was mainly driven by differences between the actual and locked\u2011in discount curves, which resulted in a negative impact of \u20ac\u00a094 million on insurance finance expenses. </p><p>The risks that are generally incorporated through the risk adjustment are mortality, longevity, disability, lapse, catastrophe and expense risk. A projection of expected future risks is made and all these risks are projected into the future. The total risk for every future year is determined based on correlations between the risks described in Solvency II. The projected total risk for every year is multiplied by a cost of capital charge and discounted at the balance sheet date. </p><p>The Risk Adjustment is based on a Cost of Capital method. a.s.r. has created a method to transfer the outcome of the Risk Adjustment to a confidence level. The risk adjustment is calculated at a range of confidence levels, as set out below in the table. The implied confidence levels are determined for both the one year and multiyear view, gross of reinsurance. </p><h3 class=\"table-title\">Confidence levels </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:30%;\"/><col style=\"width:35%;\"/><col style=\"width:35%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 border-left-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1 year view </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Ultimate view </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Range </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">95% - 98% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">66% - 76% </td></tr></tbody></table><br/><p>The implied confidence levels at 31 December 2025 were equal to those implied at 31 December 2024. </p><div class=\"header header-2\">7.5.13.4.4 Discount </div><p>Discount curves to discount the expected future fulfilment cash flows are determined using a liquid risk-free curve to which an illiquidity premium is added. The risk-free curve is based on the 6-month EURIBOR swap rate and includes a credit-risk adjustment and a first smoothing point of 20 years. a.s.r. uses an UFR of 3.20% in 2025 (2024: 3.25%) for the construction of the curve from the first smoothing point (FSP). The impact of the decrease in UFR is \u20ac\u00a036 million on the value of the insurance contract liabilities and \u20ac\u00a010 million on the liabilities arising from direct participating insurance contracts. </p><p>The liability illiquidity premium (LIP) is the adjustment resulting from differences between the liquidity characteristics of the group of insurance contracts and the liquidity of the assets used to establish the yield curve. The LIP is derived from a.s.r.\u2019s current asset portfolio using a top-down approach per entity or liability product. In 2025, a.s.r. Has updated the LIP used for a.s.r. life and Aegon life, with offsetting impacts between the portfolios, In aggregate, the update of the LIP reduced the value of the insurance contract liabilities by \u20ac\u00a0110 million. </p><p>The discount curves are also applicable to the liabilities arising from direct participating insurance contracts. Further information on these contracts can be found in <a href=\"#n4293625\" title=\"Liabilities arising from direct participating insurance contracts\">section 7.5.14</a>. </p><p>The range of application ratio's follow the SCR Mass Lapse methodology. </p><h3 class=\"table-title\">Discount curves used in the valuation of the insurance contract liabilities and liabilities arising from direct participating insurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:12%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-6 endCol-6 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-7 endCol-7 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-8 endCol-8 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-9 endCol-9 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Years </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Range LIP </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>20 </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>30 </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>40 </b></th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>50 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">31 December 2025 </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">0% (min) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.07% </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.47% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.85% </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.20% </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.19% </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.18% </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.18% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100% (max) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.65% </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.05% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.43% </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.78% </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.68% </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.57% </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.49% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">31 December 2024 </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">50% (min) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.64% </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.54% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.67% </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.66% </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.63% </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.72% </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.81% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100% (max) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.23% </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.13% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.26% </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.25% </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.12% </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.11% </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.13% </td></tr></tbody></table><br/><div class=\"header header-2\">7.5.13.4.5 Coverage units </div><p>Coverage units are determined based on the expected insurance contract services. The insurance contract services are determined considering the (weighted) quantity of the benefits provided from insurance and investment (return/related) services. If a contract provides coverage for more than one insured event or if it provides additional investment (return/related) services, the coverage unit reflects all material benefits. </p><p>a.s.r. has defined coverage units that differ per product type to best reflect a product's characteristics and the nature of the services provided to the policyholder. Insurance services are typically depicted by a metric that is based on the maximum amount that a policyholder would receive if the insured event were to occur, such as the total benefits amount or the death benefit amount. For investment-type services, coverage units are based on the total service that a.s.r. expects to provide the policyholder over the lifetime of the contract, which is best represented by the coverage unit 'total premium'. </p><p>The table below presents the defined coverage units per type of product for Life and Non-life business: </p><h3 class=\"table-title\">Coverage units </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:50%;\"/><col style=\"width:50%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Product type </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Coverage unit driver </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Pensions </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Defined Benefit (DB) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Attainable pension </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Defined Contribution (DC) - open book </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Attainable pension </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Defined Contribution (DC) - closed book </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Total premium </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pensions - Term insurance </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured including indexation </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Individual Life </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Unit-linked </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Total premium </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Term Insurance </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured (including indexation) </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Saving Mortgage </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured (including indexation) </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Annuity </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Annuity payable </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Traditional Saving / Endowment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured (including indexation) </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Funeral </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Funeral </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured including indexation </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-life/Income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Individual disability </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured including indexation </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Group disability </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Sickness Leave </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured </td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293575\"><span class=\"number\">7.5.13.5 </span><span class=\"title-text\">Contracts issued in the period </span></h1><p>The following tables summarise the effect on the measurement components of insurance and reinsurance contracts arising from the initial recognition of contracts measured under the GMM that were initially recognised in the year. </p><h3 class=\"table-title\">Contracts issued: Non-life insurance contracts current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expected claims and insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,290 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,450 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">34 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,325 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>162 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,487 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,427 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-148 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,575 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">31 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td></tr></tbody></table><br/><p>In 2025, Non-life onerous contracts consist of Group Disability contracts which were originally priced at a profitable level but turned onerous due to a higher experienced claims ratio. </p><h3 class=\"table-title\">Contracts issued: Non-life insurance contracts prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expected claims and insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">817 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,415 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>620 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>826 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,446 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-744 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-811 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,555 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td></tr></tbody></table><br/><p>In 2024, onerous Non-life contracts issued consist for about two thirds of Sickness Leave yearly prolongations at a combined ratio slightly above 100% due to an increased claims ratio, whereby cost synergies were not yet taken into account. The remainder consists of a part of the Group Disability production, which was priced slightly above 100% for commercial reasons, which is more than offset by profitable other Group Disability products in the same portfolio. </p><h3 class=\"table-title\">Contracts issued: Life insurance contracts current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expected claims and insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,346 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,369 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,359 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>24 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,383 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,589 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,609 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">113 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">115 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">117 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">117 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td></tr></tbody></table><br/><p>In 2025, Life profitable contracts are mainly driven by the three pension buyouts amounting to \u20ac\u00a02,810\u00a0million and onerous contracts decreased from \u20ac\u00a0474\u00a0million to \u20ac\u00a023\u00a0million. </p><h3 class=\"table-title\">Contracts issued: Life insurance contracts prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expected claims and insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">141 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">474 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">615 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>143 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>489 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>632 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-186 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-495 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-681 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">28 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Contracts issued: reinsurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of present value of cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,233 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of present value of cash outflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,235 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr></tbody></table><br/><p>In December 2025, Aegon life has entered into another longevity reinsurance contract with a reinsurer. See <a href=\"#n4293462\" title=\"Reinsurance contracts - Non-life and Life\">section 7.5.13.3</a> for further details on the new reinsurance contract. The contract has a negative CSM as the reinsurance assumptions regarding mortality mirror the relatively prudent assumptions a.s.r. uses on the insurance side. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293593\"><span class=\"number\">7.5.13.6 </span><span class=\"title-text\">Expected release of the CSM </span></h1><p>The following table illustrates when a.s.r. expects to recognise the remaining CSM as revenue for contracts measured under the GMM. </p><h3 class=\"table-title\">Expected release of the CSM current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 year </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-2 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2-3 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>3-4 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>4-5 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>10-20 years </b></th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>20-30 years </b></th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 30 years </b></th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">239 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">246 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">231 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">221 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">211 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">202 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">881 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,223 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">701 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">652 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,568 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-36 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total expected release of the CSM </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>297 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>262 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>234 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>225 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>212 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>919 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,258 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>715 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>654 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,774 </b></td></tr></tbody></table><br/><p>Following the implementation of PIM at a.s.r. life in 2025, CSM increased with \u20ac\u00a0373 million, see <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4.3</a>, increasing the expected release of the CSM for Life GMM compared to prior year. </p><h3 class=\"table-title\">Expected release of the CSM prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 year </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-2 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2-3 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>3-4 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>4-5 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>10-20 years </b></th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>20-30 years </b></th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 30 years </b></th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">39 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">69 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">42 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">227 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">186 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">186 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">176 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">170 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">736 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,102 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">701 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">701 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,122 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-26 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-74 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total expected release of the CSM </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>217 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>203 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>183 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>181 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>175 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>786 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,115 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>693 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>696 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,249 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293608\"><span class=\"number\">7.5.13.7 </span><span class=\"title-text\">Claims development table Non-life </span></h1><p>The table below is a ten-year summary of movements in gross cumulative claims in connection with the Non-life portfolio for the period from 2016 to 2025. </p><h3 class=\"table-title\">Ten-year summary of changes in gross cumulative claims </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-12 align-right border-bottom-1 colspan-11 headrow\" colspan=\"11\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">Claims year </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2016 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2017 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2018 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2019 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2020 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2021 </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2022 </th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2023 </th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At year end </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">1st claim year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,216 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,237 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,348 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,418 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,614 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,206 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,469 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,462 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,391 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,815 </td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2017 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,262 </td><td class=\"valign-bottom startCol-3 endCol-3 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2018 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,310 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,312 </td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2019 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,295 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,375 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,367 </td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2020 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,314 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,382 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,445 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,464 </td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2021 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,251 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,338 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,449 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,510 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,621 </td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2022 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,274 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,325 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,483 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,514 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,630 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,091 </td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2023 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,312 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,402 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,580 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,783 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,294 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,673 </td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2024 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,314 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,389 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,560 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,577 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,759 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,304 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,651 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,462 </td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2025 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,310 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,385 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,541 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,559 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,724 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,245 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,679 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,493 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,401 </td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of undiscounted gross cumulative claims 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,310 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,385 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,541 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,559 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,724 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,245 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,679 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,493 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,401 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,815 </b></td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cumulative gross paid claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,085 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,105 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,172 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,144 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,186 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,519 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,699 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,353 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,976 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,219 </td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross liabilities claims years 2016 to 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>225 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>280 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>369 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>415 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>539 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>727 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>980 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,140 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,425 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,596 </b></td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,697 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Gross liabilities claims years before 2016 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,177 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of discounting </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,663 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of the risk adjustment margin for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">132 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,166 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross liabilities for incurred claims </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,176 </b></td></tr></tbody></table><br/><p>Other includes a correction for gross liabilities (after effect of discounting) for claims reported under liabilities for remaining coverage, which are represented in the figures for gross liabilities claims years 2016 to 2025 and before 2016. These consist primarily of incurred claims that remain subject to future insurance risk within the Individual Disability portfolio, see section <a href=\"#n4294956\" title=\"Changes in accounting policies\">7.3.2.1</a>. Others also includes claims payables in transfer. </p><h3 class=\"table-title\">Ten-year summary of changes in gross cumulative claims </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-12 align-right border-bottom-1 colspan-11 headrow\" colspan=\"11\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">Claims year </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2015 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2016 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2017 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2018 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2019 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2020 </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2021 </th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2022 </th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2023 </th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At year end </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">1st claim year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,027 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,216 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,237 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,348 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,418 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,614 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,206 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,469 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,462 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,391 </td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2016 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,017 </td><td class=\"valign-bottom startCol-3 endCol-3\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2017 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,051 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,262 </td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2018 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,062 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,310 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,312 </td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2019 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,052 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,295 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,375 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,367 </td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2020 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,047 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,314 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,382 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,445 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,464 </td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2021 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,009 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,251 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,338 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,449 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,510 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,621 </td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2022 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,033 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,274 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,483 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,514 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,630 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right\" style=\"text-align:right;vertical-align:bottom;\">3,091 </td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2023 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,069 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,312 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,402 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,580 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,783 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right\" style=\"text-align:right;vertical-align:bottom;\">3,294 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right\" style=\"text-align:right;vertical-align:bottom;\">3,673 </td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2024 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,072 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,314 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,389 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,560 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,577 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,759 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">3,304 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">3,651 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">4,462 </td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of undiscounted gross cumulative claims 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,072 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,314 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,389 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,560 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,577 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,759 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,304 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,651 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,462 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,391 </b></td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cumulative gross paid claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">1,859 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,051 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,060 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,113 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,084 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,108 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,417 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,548 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">3,151 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">2,013 </td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross liabilities claims years 2015 to 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>213 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>263 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>329 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>447 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>493 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>650 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>886 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,103 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,311 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,379 </b></td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,075 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Gross liabilities claims years before 2015 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">1,176 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of discounting </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">-1,521 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of the risk adjustment margin for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">132 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">-2,241 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross liabilities for incurred claims </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,622 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredAcquisitionCostsArisingFromInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i12360": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293444\"><span class=\"number\">7.5.13 </span><span class=\"title-text\">Insurance contract liabilities and reinsurance contract assets </span></h1><p>See accounting policy <a href=\"#n4295154\" title=\"F1. Insurance contracts\">F</a>. </p><h3 class=\"table-title\">Insurance and reinsurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:37.7%;\"/><col style=\"width:15.8%;\"/><col style=\"width:15.7%;\"/><col style=\"width:15.8%;\"/><col style=\"width:15%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Assets </b></th><th class=\"valign-bottom startCol-4 endCol-4 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life - GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,161 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,713 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life - PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,133 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,992 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-life insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,294 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,705 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life - GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">54,956 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">56,443 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Life insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>54,956 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pre-recognition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>61 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\"><b>52 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>63,312 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>64,200 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life - GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">128 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">201 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life - PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">82 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life - GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">146 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">205 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life - PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>351 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>491 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><p>Pre-recognition cash flows consists of prepaid premiums for insurance contracts not yet recognised. </p><p>The tables in the following paragraphs show the movements in insurance contract balances for the different measurement models. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293481\"><span class=\"number\">7.5.13.1 </span><span class=\"title-text\">Insurance contracts - Non-life </span></h1><h3 class=\"table-title\">Changes in insurance contracts by remaining coverage and incurred claims current year GMM and PAA </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/><col style=\"width:11%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-6 align-center border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-5 endCol-6 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contracts measured under PAA </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Contracts measured under GMM </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,058 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,492 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,059 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>71 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,705 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue from contracts measured under GMM, of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,019 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,019 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,691 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,691 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the modified retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-329 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-329 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue from contracts measured under PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,918 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,918 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-51 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,657 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,952 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,579 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes related to past services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-60 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-86 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">70 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">70 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,650 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,891 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,562 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">294 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">754 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,048 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>294 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>754 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,071 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,944 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,645 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,633 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,914 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,944 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,645 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-304 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance expenses (income) from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">67 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">162 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,877 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>18 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,011 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,701 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-142 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,920 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,920 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-551 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,581 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,031 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,163 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-37 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,332 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,581 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,031 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>720 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer prepaid insurance service expenses from LRC to LIC </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">550 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-550 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,074 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>44 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,922 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,178 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>76 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,294 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in insurance contracts by remaining coverage and incurred claims prior year GMM and PAA </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/><col style=\"width:11%;\"/><col style=\"width:10.5%;\"/><col style=\"width:10.5%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-6 align-center border-bottom-1 border-left-1 border-right-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-5 endCol-6 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contracts measured under PAA </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Contracts measured under GMM </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,071 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>29 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,023 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,975 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>68 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,165 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue from contracts measured under GMM, of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,046 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,046 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-990 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-990 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the modified retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-465 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-465 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-591 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-591 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue from contracts measured under PAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,567 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,567 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,536 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,655 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,182 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes related to past services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-65 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-22 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-38 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,585 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,590 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,168 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">298 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">738 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,036 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>24 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>298 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>738 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,061 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>24 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,883 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,328 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,229 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,589 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,883 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,328 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-385 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance expenses (income) from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">107 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">90 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">72 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">273 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,482 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,973 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,400 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-112 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,579 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,579 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-527 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,504 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,866 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4,897 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,021 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,504 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,866 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>651 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer prepaid insurance service expenses from LRC to LIC </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">526 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-526 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,058 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,492 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,059 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>71 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,705 </b></td></tr></tbody></table><br/><p>In 2025, a.s.r. implemented a voluntary change in accounting policy regarding the treatment of incurred claims that remain subject to future insurance risk within the Individual Disability portfolio, see section <a href=\"#n4294956\" title=\"Changes in accounting policies\">7.3.2.1</a>. As a result, amounts previously recognised as liabilities for incurred claims have been reclassified to liabilities for remaining coverage. As at 31 December 2024, liabilities for remaining coverage excluding loss component have increased by \u20ac\u00a01,658 million (from \u20ac\u00a0400 million to \u20ac\u00a02,058 million) and at the same time liabilities for incurred claims of contracts measured under GMM have decreased by \u20ac\u00a01,728 million (from \u20ac\u00a05,220 million to \u20ac\u00a03,492 million). The impact on the opening balance as at 1 January 2024 is of a comparable magnitude. This reclassification also affects the measurement of the CSM, related experience adjustments (linked to current and past services) are recognised in the CSM rather than in the insurance service result. </p><p>In 2024, other relates to the transfer of the Aegon P&amp;C acquired claims portfolio from GMM to PAA, so that the complete P&amp;C portfolio would fall under the PAA model. This could be done due to the very limited CSM that was remaining on this portfolio at the moment of the transfer (\u20ac\u00a01 million early release to the insurance contract revenue). </p><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in insurance contracts measured under GMM, by measurement component current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-middle startCol-5 endCol-5 align-left border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-6 endCol-6 align-left border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,271 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>215 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>162 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>65 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,713 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that result in losses or the reversal of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">45 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">46 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-88 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-106 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-98 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-106 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-21 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-21 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">40 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-23 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-7 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-19 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-14 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-6 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-30 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">66 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">105 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>47 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>74 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,981 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,981 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,581 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,581 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-37 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-37 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>363 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>363 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,690 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>232 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>239 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>176 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>63 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,161 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in insurance contracts measured under GMM, by measurement component prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-middle startCol-5 endCol-5 align-left border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-6 endCol-6 align-left border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,942 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>222 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>198 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>150 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>48 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,362 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-44 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">61 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">35 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that result in losses or the reversal of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-109 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-143 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-135 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-143 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-52 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-45 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-154 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-14 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>19 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-150 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">178 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">198 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>24 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>29 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>12 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>49 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,915 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,915 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,504 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,504 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>381 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>381 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-75 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-78 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,271 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>215 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>162 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>65 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,713 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><p>In 2025, a.s.r. implemented a voluntary change in accounting policy regarding the treatment of incurred claims that remain subject to future insurance risk within the Individual Disability portfolio, see section <a href=\"#n4294956\" title=\"Changes in accounting policies\">7.3.2.1</a>. As a result, amounts previously recognised as liabilities for incurred claims have been reclassified to liabilities for remaining coverage and subsequently the contractual service margin decreased by \u20ac\u00a066 million as per 31 December 2024 from \u20ac\u00a0293 million to \u20ac\u00a0226 million. </p><p>In 2024, other relates to the transfer of the Aegon P&amp;C acquired claims portfolio from GMM to PAA, so that the complete P&amp;C portfolio would fall under the PAA model. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293500\"><span class=\"number\">7.5.13.2 </span><span class=\"title-text\">Insurance contracts - Life </span></h1><h3 class=\"table-title\">Changes in insurance contracts by remaining coverage and incurred claims current year GMM </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>56,025 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>198 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>220 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,983 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,983 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,008 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,008 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-975 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-975 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,476 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,462 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,476 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,421 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">122 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">122 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>122 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>124 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,598 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,546 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-705 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">705 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,685 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,303 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-437 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,073 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,071 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,759 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-52 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,303 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,508 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,297 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,297 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,301 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,301 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,284 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,301 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>983 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>54,583 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>151 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>222 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>54,956 </b></td></tr></tbody></table><br/><p>In 2025, premiums received is positively impacted by the effects of pension buy-outs (\u20ac\u00a02.8 billion). </p><h3 class=\"table-title\">Changes in insurance contracts by remaining coverage and incurred claims prior year GMM </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>55,585 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>220 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>258 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,063 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,906 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,906 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,972 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,972 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-934 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-934 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,443 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,428 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-9 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Incurred claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,443 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,419 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">128 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">128 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>128 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>130 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,571 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,549 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-720 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,624 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-25 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,292 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-357 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,412 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,414 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,212 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-23 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,292 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,057 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,670 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,330 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,330 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,653 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,330 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,677 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,025 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>198 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>220 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr></tbody></table><br/><p>For the Life segment the liability remaining coverage includes the incurred claims from certain second order events (for example from future premium waiver at disability or incurred survivor benefits) following the option to account for these events as part of the liability remaining coverage. </p><h3 class=\"table-title\">Changes in insurance contracts by measurement component current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-left border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:left;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>50,327 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,994 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,122 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,284 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>838 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-183 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-286 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">470 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">172 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">298 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that result in losses or the reversal of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-73 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-47 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-226 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">115 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">117 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">100 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-266 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-200 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-66 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-266 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-132 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-132 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-381 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-377 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>321 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>72 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>249 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-437 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,066 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-115 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">111 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">109 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,071 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,448 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-492 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>432 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>181 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>250 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,508 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,297 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,297 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,301 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,301 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>983 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>983 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>48,886 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,502 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,568 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,465 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,103 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>54,956 </b></td></tr></tbody></table><br/><p>Following approval from the DNB, a.s.r. life applied the PIM in 2025. The introduction of the PIM resulted in a decrease in the risk adjustment and a corresponding increase in the CSM. As a result, in 2025 the release of the risk adjustment decreased by \u20ac\u00a030 million, the CSM release increased by \u20ac\u00a027 million and the loss component decreased by \u20ac\u00a052 million. The primary driver of this impact is the difference between the discount/accretion rate applied to the risk adjustment (based on the actual discount rate) and the rate applied to the CSM (based on the locked\u2011in discount rate). This rate differential contributed negatively to the insurance finance result by \u20ac\u00a094 million. A smaller portion of the total impact relates to onerous groups of insurance contracts, for which part of the loss component recognised in profit or loss in prior years is now reversed. </p><p>Further details on the risk adjustment assumption change are provided in section <a href=\"#n4293519\" title=\"Assumptions used\">7.5.13.4.3 Risk Adjustment</a>. The impact of the risk adjustment change on the operating result is disclosed in section <a href=\"#n4295529\" title=\"Operating result\">7.10 Operating result</a>. </p><h3 class=\"table-title\">Changes in insurance contracts by measurement component prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-left border-bottom-1 border-left-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:left;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>50,313 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,082 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,668 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,122 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>545 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,063 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-455 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-65 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">520 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">188 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">332 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that result in losses or the reversal of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-211 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-171 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-211 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-151 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-151 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-486 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-211 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>340 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>49 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>292 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-357 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,177 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">123 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">114 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">114 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,414 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,690 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-88 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>454 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>162 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>292 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,057 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,670 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,670 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,330 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,330 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,677 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1,677 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>50,327 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,994 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,122 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,284 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>838 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>56,443 </b></td></tr></tbody></table><br/><p>Further details on the risk adjustment changes are provided in <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4.3</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293462\"><span class=\"number\">7.5.13.3 </span><span class=\"title-text\">Reinsurance contracts - Non-life and Life </span></h1><h3 class=\"table-title\">Changes in reinsurance contracts by remaining coverage and incurred claims current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-3 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for remaining coverage </b></th><th class=\"valign-middle startCol-4 endCol-5 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for incurred claims </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss recovery component </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss recovery component </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>373 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>116 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>491 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Allocation of reinsurance premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-820 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-820 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Amounts recoverable from reinsurers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">724 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">725 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in amounts recoverable arising from changes in assets for incurred claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-820 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>718 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-102 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-36 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-860 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>721 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-138 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">752 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">752 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-739 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-739 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>752 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-739 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>13 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>248 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>351 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in reinsurance contracts by remaining coverage and incurred claims prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-3 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for remaining coverage </b></th><th class=\"valign-middle startCol-4 endCol-5 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for incurred claims </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss recovery component </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss recovery component </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>392 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>123 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>518 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Allocation of reinsurance premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-679 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-679 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Amounts recoverable from reinsurers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">566 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">566 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in amounts recoverable arising from changes in assets for incurred claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-679 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>579 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-101 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">21 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">26 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-658 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>584 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-75 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">655 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">655 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-607 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-607 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>655 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-607 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>48 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-0 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>373 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>116 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>491 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in reinsurance contracts by measurement component current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-middle startCol-1 endCol-1 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-center border-bottom-1 border-top-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contractual service margin </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-164 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>469 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>27 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>406 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in the income statement for services received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-7 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-7 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-49 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-49 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-44 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-39 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>14 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-52 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-46 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-47 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-83 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">634 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">634 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-666 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-666 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-32 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-32 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-21 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-176 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>417 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>274 </b></td></tr></tbody></table><br/><p>In December 2025, Aegon life has entered into an additional longevity reinsurance contract. The contract reinsures a specified portfolio of insurance contracts of a buy-out against possible future mortality developments. The size of the underlying portfolio is \u20ac\u00a01.3 billion. The reinsurer will pay benefits as long as the participants live and receive fixed payments from Aegon life. A net reinsurance asset/liability is recognised in accordance with applicable IFRS requirements, using the general measurement model. See <a href=\"#n4306166\" title=\"Managing Life underwriting risk\">section 7.8.2.1.1</a>on the collateral which has been posted with respect to the contract. </p><p>Further details on the RA changes are provided in <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4.3</a>. </p><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in reinsurance contracts by measurement component prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-middle startCol-1 endCol-1 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-center border-bottom-1 border-top-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contractual service margin </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-139 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>483 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>93 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>68 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>25 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>437 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in the income statement for services received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-41 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-41 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-16 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-39 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-51 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-22 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-14 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-29 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">539 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">539 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-528 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-528 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-164 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>469 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>27 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>406 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293519\"><span class=\"number\">7.5.13.4 </span><span class=\"title-text\">Assumptions used </span></h1><p>In estimating the fulfilment cash flows included in the contract boundary, a.s.r. considers the range of all possible outcomes in an unbiased way specifying the amount of cash flows, timing and probability reflecting conditions existing at the measurement date, using a probability-weighted average of all possible scenarios. In determining possible scenarios, a.s.r. uses all the reasonable and supportable information available to them without undue cost and effort, which includes information about past events, current conditions and future forecasts. </p><p>The following are key assumptions and methodologies used in the valuation of the insurance liabilities and are discussed in more detail further in this chapter: </p><ul><li><p>actuarial assumptions: addressing mortality and longevity, lapse, cancellation and surrender assumptions and for expenses; </p></li><li><p>risk adjustment; </p></li><li><p>discount rate; and </p></li><li><p>coverage units </p></li></ul><div class=\"header header-2\">7.5.13.4.1 Changes in estimates </div><p>Assumptions are reviewed periodically, based on historical experience, observable market data, including market transactions such as acquisitions and reinsurance transactions, anticipated trends and legislative changes. Similarly, the models and systems used for determining our insurance liabilities are reviewed periodically and, if deemed necessary, updated based on emerging best practices and available technology. </p><p>The main impacts of model updates and annual update of the non-economic assumptions are the impacts on mortality, expense, spouse age difference , disability and mortgages (see <a href=\"#n4294012\" title=\"Investments at FVTPL\">section 7.5.5.1)</a>. </p><div class=\"header header-4\">Mortality assumption </div><p>In 2025, a.s.r. implemented a refinement to the mortality model, enabling the model to absorb large outliers in mortality data between years. With this refinement, the mortality model is able to fully use the Covid-19 years, which were previously not (2020 and 2021) or only partially (2022 till 2024) taken into account. Next to the refinement, the a.s.r. mortality table is updated to the latest available data. </p><p>Furthermore,\u00a0 a.s.r. has updated the mortality experience factors models of both Pensions and Individual life &amp; Funeral, applying socio-economic, age- and gender-dependent experience factors in the models. </p><p>The updates of the mortality models and assumptions resulted in an increase on the insurance liabilities fulfilment cashflows of \u20ac\u00a037 million, decreasing the CSM with \u20ac\u00a042 million, and\u00a0 a positive impact on pre-tax earnings of \u20ac\u00a05 million, as the updates also had an impact on the loss component. Harmonisation of the experience factors resulted in a reduction of the insurance liabilities fulfilment cashflows of \u20ac\u00a0137 million, increase of the CSM with \u20ac\u00a0100 million, and had a positive impact on pre-tax earnings of \u20ac\u00a037 million, as the updates also had an impact on the loss component. </p><div class=\"header header-4\">Expense assumption </div><p>In 2025, a.s.r. implemented several refinements to the maintenance expense methodology, and the parameters used for the maintenance expense reserve were updated. These updates consisted of numerous changes, which in aggregate resulted in a reduction of \u20ac\u00a011 million of the insurance liabilities fulfilment cashflows, increasing the CSM with \u20ac\u00a018 million. The updates also impact the loss component, leading to a negative impact on pre-tax income of \u20ac\u00a07 million. </p><div class=\"header header-4\">Spouse age difference assumption </div><p>In 2025, a.s.r. updated the methodology within the Pensions business to determine the spouse age difference in case of an unknown spouse. This update resulted in an increase of \u20ac\u00a028 million of the insurance liabilities fulfilment cashflows, decreasing the CSM. The updates did not had an impact on the loss component. </p><div class=\"header header-4\">Direct method for direct participating insurance contracts </div><p>In 2025, a.s.r. harmonised the accounting of direct participating insurance contracts between a.s.r. life and Aegon life, which are accounted for under the VFA method. As a result of the change in methodology from indirect to direct method and harmonisation of the NDIC approach, changes in the fair value of underlying items are accounted for through profit or loss increasing the insurance contract revenue, with a similar effect on insurance service expenses. This impacts disclosures in <a href=\"#n4296349\" title=\"Segmented income statement and operating result\">section 7.4.3</a>, <a href=\"#n4293668\" title=\"Life \u2013 direct participating insurance contracts\">section 7.5.14.1</a>, <a href=\"#n4293641\" title=\"Contracts issued in the period\">section 7.5.14.2</a>, <a href=\"#n4294466\" title=\"Insurance contract revenue\">section 7.6.1</a> and <a href=\"#n4294491\" title=\"Insurance service expenses\">section 7.6.2</a>. The change to direct method aligns IFRS with the Solvency II measurement . There is a minor impact on insurance liabilities and pre-tax income in 2025, as the processed change is mostly presentation. </p><div class=\"header header-4\">Disability </div><p>For the Disability business including inflation, a.s.r. updated the non-economic assumptions, including updates for assumptions for disability percentage and recovery rates, which resulted in a reduction of \u20ac\u00a051 million on the insurance liabilities fulfilment cashflows, increasing the CSM. On the liability for incurred claims the update of disability assumptions had a negative impact. Group disability has experienced adverse claims development due to elevated incidence rates, especially related to psychological absenteeism and long COVID. There remains some uncertainty in the incidence rates due to the dependence on external agency UWV for testing or re-testing disabled participants. The impact on pre-tax income in 2025 of all updates is a loss of \u20ac\u00a0104 million, consisting of \u20ac\u00a067 million loss from impact on past services, while \u20ac\u00a037 million loss is related to a dotation to the loss component.\u202f\u00a0</p><div class=\"header header-4\">Coverage units </div><p>a.s.r. has reassessed the defined coverage units applied in all Disability portfolio's (Individual Disability, Group Disability and Sickness leave). This resulted in changes in coverage units and the determination of the release of the CSM. These are non-material changes. </p><div class=\"header header-4\">Risk adjustment correction factor </div><p>In 2025, update of the risk adjustment correction factor parameter resulted in a total increase on the risk adjustment of \u20ac\u00a041 million, decreasing the CSM with the same amount. The updates did not had an impact on the loss component. </p><div class=\"header header-2\">7.5.13.4.2 Actuarial assumptions </div><p>Cash flow estimates include both market variables directly observed in the market or derived directly from markets and non-market variables, such as mortality and longevity. The best estimate assumptions regarding mortality and longevity include recent trend assumptions for life expectancy in the Netherlands and a.s.r.\u2019s past experience and are generally developed based on a blend of company experience and industry wide studies, taking into consideration product characteristics, own risk selection criteria, the insured population, recent mortality trend assumptions.\u00a0</p><p>Lapse, cancellation and surrender assumptions are non-economic assumptions and reflect the expected policyholder behaviour. As such the rates usually depend on issue year, policy year, major business lines and sales channels. Such granularity is usually enough to capture how the product terms and conditions as well as regulations can influence the timing and volume of lapse and surrenders. Calendar year-based adjustments and dynamic policyholder behaviour are considered when needed in specific circumstances. </p><p>Expenses are included in the fulfilment cash flows, when they are directly attributable to insurance contracts and have been allocated to the business lines. These expenses include acquisition expenses, investment expenses related to direct participating contracts as well as overhead costs that a.s.r. considers to be unavoidable when fulfilling the in-force contracts. </p><div class=\"header header-2\">7.5.13.4.3 Risk adjustment </div><p>The risk adjustment is determined for each portfolio of insurance contracts using a Cost of Capital (CoC) method similar to the risk margin used for reporting under the Solvency II framework. a.s.r. currently uses the Solvency II model to quantify the risks, adjusted for the following points: </p><ul><li><p>Excluding general operational risk; </p></li><li><p>Excluding market risk (if any); </p></li><li><p>Excluding reinsurance counterparty default risk; </p></li><li><p>Added a reinsured risk adjustment by calculating the risk adjustment gross and net of reinsurance; </p></li><li><p>A CoC rate of 6% is used, diversification effects are applied for disability, taking into account a going concern basis; and </p></li><li><p>The IFRS 17 discount rate curve is used. </p></li></ul><p>In 2025, DNB approved the PIM for a.s.r. life. Following this approval, a.s.r. life applied the PIM to its Solvency II capital calculations. The application of the PIM affects the Solvency II risk margin. Because the IFRS\u202f17 risk adjustment is determined using a cost\u2011of\u2011capital (CoC) approach that is aligned with the methodology underlying the Solvency II risk margin, the risk adjustment was also affected. The impact resulting from the application of the PIM is considered a change in estimate under IFRS\u202f17 and is applied prospectively. As a.s.r. life applies year\u2011to\u2011date accounting, the effect is reflected in the reporting period 2025. </p><p>The application of the PIM resulted in: </p><ul><li><p>a decrease in the risk adjustment measured on the current (actual) discount curve of \u20ac\u00a0331 million; </p></li><li><p>an increase in the contractual service margin (CSM) measured on the locked\u2011in discount curve of \u20ac\u00a0373 million; and </p></li><li><p>a decrease in the loss component of \u20ac\u00a052 million. </p></li></ul><p>These changes affect the measurement of the Insurance liabilities. </p><p>The above movements also affected profit or loss for the period. The risk adjustment release for 2025 decreased by \u20ac\u00a030 million and the CSM release increased by \u20ac\u00a027 million. The impact on the release of the loss component was limited. The reduction in the risk adjustment was mainly driven by differences between the actual and locked\u2011in discount curves, which resulted in a negative impact of \u20ac\u00a094 million on insurance finance expenses. </p><p>The risks that are generally incorporated through the risk adjustment are mortality, longevity, disability, lapse, catastrophe and expense risk. A projection of expected future risks is made and all these risks are projected into the future. The total risk for every future year is determined based on correlations between the risks described in Solvency II. The projected total risk for every year is multiplied by a cost of capital charge and discounted at the balance sheet date. </p><p>The Risk Adjustment is based on a Cost of Capital method. a.s.r. has created a method to transfer the outcome of the Risk Adjustment to a confidence level. The risk adjustment is calculated at a range of confidence levels, as set out below in the table. The implied confidence levels are determined for both the one year and multiyear view, gross of reinsurance. </p><h3 class=\"table-title\">Confidence levels </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:30%;\"/><col style=\"width:35%;\"/><col style=\"width:35%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 border-left-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1 year view </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Ultimate view </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Range </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">95% - 98% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">66% - 76% </td></tr></tbody></table><br/><p>The implied confidence levels at 31 December 2025 were equal to those implied at 31 December 2024. </p><div class=\"header header-2\">7.5.13.4.4 Discount </div><p>Discount curves to discount the expected future fulfilment cash flows are determined using a liquid risk-free curve to which an illiquidity premium is added. The risk-free curve is based on the 6-month EURIBOR swap rate and includes a credit-risk adjustment and a first smoothing point of 20 years. a.s.r. uses an UFR of 3.20% in 2025 (2024: 3.25%) for the construction of the curve from the first smoothing point (FSP). The impact of the decrease in UFR is \u20ac\u00a036 million on the value of the insurance contract liabilities and \u20ac\u00a010 million on the liabilities arising from direct participating insurance contracts. </p><p>The liability illiquidity premium (LIP) is the adjustment resulting from differences between the liquidity characteristics of the group of insurance contracts and the liquidity of the assets used to establish the yield curve. The LIP is derived from a.s.r.\u2019s current asset portfolio using a top-down approach per entity or liability product. In 2025, a.s.r. Has updated the LIP used for a.s.r. life and Aegon life, with offsetting impacts between the portfolios, In aggregate, the update of the LIP reduced the value of the insurance contract liabilities by \u20ac\u00a0110 million. </p><p>The discount curves are also applicable to the liabilities arising from direct participating insurance contracts. Further information on these contracts can be found in <a href=\"#n4293625\" title=\"Liabilities arising from direct participating insurance contracts\">section 7.5.14</a>. </p><p>The range of application ratio's follow the SCR Mass Lapse methodology. </p><h3 class=\"table-title\">Discount curves used in the valuation of the insurance contract liabilities and liabilities arising from direct participating insurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:12%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/><col style=\"width:10%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-6 endCol-6 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-7 endCol-7 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-8 endCol-8 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-9 endCol-9 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Years </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Range LIP </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>20 </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>30 </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>40 </b></th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>50 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">31 December 2025 </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">0% (min) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.07% </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.47% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.85% </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.20% </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.19% </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.18% </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.18% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100% (max) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.65% </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.05% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.43% </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.78% </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.68% </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.57% </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.49% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">31 December 2024 </td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">50% (min) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.64% </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.54% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.67% </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.66% </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.63% </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.72% </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.81% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">100% (max) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.23% </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.13% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.26% </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.25% </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.12% </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.11% </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.13% </td></tr></tbody></table><br/><div class=\"header header-2\">7.5.13.4.5 Coverage units </div><p>Coverage units are determined based on the expected insurance contract services. The insurance contract services are determined considering the (weighted) quantity of the benefits provided from insurance and investment (return/related) services. If a contract provides coverage for more than one insured event or if it provides additional investment (return/related) services, the coverage unit reflects all material benefits. </p><p>a.s.r. has defined coverage units that differ per product type to best reflect a product's characteristics and the nature of the services provided to the policyholder. Insurance services are typically depicted by a metric that is based on the maximum amount that a policyholder would receive if the insured event were to occur, such as the total benefits amount or the death benefit amount. For investment-type services, coverage units are based on the total service that a.s.r. expects to provide the policyholder over the lifetime of the contract, which is best represented by the coverage unit 'total premium'. </p><p>The table below presents the defined coverage units per type of product for Life and Non-life business: </p><h3 class=\"table-title\">Coverage units </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:50%;\"/><col style=\"width:50%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Product type </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Coverage unit driver </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Pensions </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Defined Benefit (DB) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Attainable pension </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Defined Contribution (DC) - open book </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Attainable pension </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Defined Contribution (DC) - closed book </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Total premium </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pensions - Term insurance </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured including indexation </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Individual Life </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Unit-linked </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Total premium </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Term Insurance </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured (including indexation) </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Saving Mortgage </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured (including indexation) </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Annuity </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Annuity payable </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Traditional Saving / Endowment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured (including indexation) </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Funeral </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Funeral </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured including indexation </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-life/Income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Individual disability </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured including indexation </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Group disability </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Sickness Leave </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">Sum assured </td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293575\"><span class=\"number\">7.5.13.5 </span><span class=\"title-text\">Contracts issued in the period </span></h1><p>The following tables summarise the effect on the measurement components of insurance and reinsurance contracts arising from the initial recognition of contracts measured under the GMM that were initially recognised in the year. </p><h3 class=\"table-title\">Contracts issued: Non-life insurance contracts current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expected claims and insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,290 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,450 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">34 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">37 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,325 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>162 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,487 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,427 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-148 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,575 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">31 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td></tr></tbody></table><br/><p>In 2025, Non-life onerous contracts consist of Group Disability contracts which were originally priced at a profitable level but turned onerous due to a higher experienced claims ratio. </p><h3 class=\"table-title\">Contracts issued: Non-life insurance contracts prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expected claims and insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">598 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">817 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,415 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>620 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>826 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,446 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-744 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-811 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,555 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">101 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td></tr></tbody></table><br/><p>In 2024, onerous Non-life contracts issued consist for about two thirds of Sickness Leave yearly prolongations at a combined ratio slightly above 100% due to an increased claims ratio, whereby cost synergies were not yet taken into account. The remainder consists of a part of the Group Disability production, which was priced slightly above 100% for commercial reasons, which is more than offset by profitable other Group Disability products in the same portfolio. </p><h3 class=\"table-title\">Contracts issued: Life insurance contracts current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expected claims and insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,346 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,369 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,359 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>24 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,383 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,589 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,609 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">113 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">115 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">117 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">117 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td></tr></tbody></table><br/><p>In 2025, Life profitable contracts are mainly driven by the three pension buyouts amounting to \u20ac\u00a02,810\u00a0million and onerous contracts decreased from \u20ac\u00a0474\u00a0million to \u20ac\u00a023\u00a0million. </p><h3 class=\"table-title\">Contracts issued: Life insurance contracts prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expected claims and insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">141 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">474 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">615 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">17 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>143 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>489 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>632 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-186 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-495 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-681 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">28 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Contracts issued: reinsurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of present value of cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,233 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of present value of cash outflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,235 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr></tbody></table><br/><p>In December 2025, Aegon life has entered into another longevity reinsurance contract with a reinsurer. See <a href=\"#n4293462\" title=\"Reinsurance contracts - Non-life and Life\">section 7.5.13.3</a> for further details on the new reinsurance contract. The contract has a negative CSM as the reinsurance assumptions regarding mortality mirror the relatively prudent assumptions a.s.r. uses on the insurance side. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293593\"><span class=\"number\">7.5.13.6 </span><span class=\"title-text\">Expected release of the CSM </span></h1><p>The following table illustrates when a.s.r. expects to recognise the remaining CSM as revenue for contracts measured under the GMM. </p><h3 class=\"table-title\">Expected release of the CSM current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 year </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-2 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2-3 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>3-4 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>4-5 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>10-20 years </b></th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>20-30 years </b></th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 30 years </b></th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">239 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">246 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">231 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">221 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">211 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">202 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">881 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,223 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">701 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">652 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,568 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-36 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total expected release of the CSM </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>297 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>262 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>234 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>225 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>212 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>919 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,258 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>715 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>654 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,774 </b></td></tr></tbody></table><br/><p>Following the implementation of PIM at a.s.r. life in 2025, CSM increased with \u20ac\u00a0373 million, see <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4.3</a>, increasing the expected release of the CSM for Life GMM compared to prior year. </p><h3 class=\"table-title\">Expected release of the CSM prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 year </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-2 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2-3 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>3-4 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>4-5 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>10-20 years </b></th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>20-30 years </b></th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 30 years </b></th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">39 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">69 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">42 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">227 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">186 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">186 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">176 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">170 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">736 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,102 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">701 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">701 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,122 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-26 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life GMM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-74 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total expected release of the CSM </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>217 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>203 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>183 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>181 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>175 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>786 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,115 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>693 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>696 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,249 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293608\"><span class=\"number\">7.5.13.7 </span><span class=\"title-text\">Claims development table Non-life </span></h1><p>The table below is a ten-year summary of movements in gross cumulative claims in connection with the Non-life portfolio for the period from 2016 to 2025. </p><h3 class=\"table-title\">Ten-year summary of changes in gross cumulative claims </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-12 align-right border-bottom-1 colspan-11 headrow\" colspan=\"11\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">Claims year </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2016 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2017 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2018 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2019 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2020 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2021 </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2022 </th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2023 </th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At year end </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">1st claim year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,216 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,237 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,348 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,418 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,614 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,206 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,469 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,462 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,391 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,815 </td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2017 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,262 </td><td class=\"valign-bottom startCol-3 endCol-3 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2018 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,310 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,312 </td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2019 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,295 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,375 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,367 </td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2020 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,314 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,382 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,445 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,464 </td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2021 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,251 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,338 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,449 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,510 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,621 </td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2022 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,274 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,325 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,483 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,514 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,630 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,091 </td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2023 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,312 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,402 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,580 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,783 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,294 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,673 </td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2024 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,314 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,389 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,560 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,577 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,759 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,304 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,651 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,462 </td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2025 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,310 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,385 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,541 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,559 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,724 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,245 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,679 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,493 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,401 </td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of undiscounted gross cumulative claims 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,310 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,385 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,541 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,559 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,724 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,245 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,679 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,493 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,401 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,815 </b></td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cumulative gross paid claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,085 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,105 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,172 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,144 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,186 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,519 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,699 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,353 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,976 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,219 </td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross liabilities claims years 2016 to 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>225 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>280 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>369 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>415 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>539 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>727 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>980 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,140 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,425 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,596 </b></td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,697 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Gross liabilities claims years before 2016 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,177 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of discounting </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,663 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of the risk adjustment margin for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">132 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,166 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 border-bottom-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross liabilities for incurred claims </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,176 </b></td></tr></tbody></table><br/><p>Other includes a correction for gross liabilities (after effect of discounting) for claims reported under liabilities for remaining coverage, which are represented in the figures for gross liabilities claims years 2016 to 2025 and before 2016. These consist primarily of incurred claims that remain subject to future insurance risk within the Individual Disability portfolio, see section <a href=\"#n4294956\" title=\"Changes in accounting policies\">7.3.2.1</a>. Others also includes claims payables in transfer. </p><h3 class=\"table-title\">Ten-year summary of changes in gross cumulative claims </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/><col style=\"width:6.5%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-12 align-right border-bottom-1 colspan-11 headrow\" colspan=\"11\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">Claims year </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2015 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2016 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2017 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2018 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2019 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2020 </th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2021 </th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2022 </th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2023 </th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At year end </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">1st claim year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,027 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,216 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,237 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,348 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,418 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,614 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,206 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,469 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,462 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,391 </td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2016 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,017 </td><td class=\"valign-bottom startCol-3 endCol-3\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2017 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,051 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,262 </td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2018 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,062 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,310 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,312 </td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2019 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,052 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,295 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,375 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,367 </td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2020 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,047 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,314 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,382 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,445 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,464 </td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2021 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,009 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,251 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,338 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,449 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,510 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,621 </td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2022 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,033 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,274 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,325 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,483 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,514 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,630 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right\" style=\"text-align:right;vertical-align:bottom;\">3,091 </td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2023 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,069 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,312 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,402 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,580 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,633 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:bottom;\">2,783 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right\" style=\"text-align:right;vertical-align:bottom;\">3,294 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right\" style=\"text-align:right;vertical-align:bottom;\">3,673 </td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2024 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,072 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,314 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,389 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,560 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,577 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,759 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">3,304 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">3,651 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">4,462 </td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of undiscounted gross cumulative claims 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,072 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,314 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,389 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,560 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,577 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,759 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,304 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,651 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,462 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,391 </b></td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cumulative gross paid claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">1,859 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,051 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,060 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,113 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,084 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,108 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,417 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">2,548 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">3,151 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">2,013 </td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross liabilities claims years 2015 to 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>213 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>263 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>329 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>447 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>493 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>650 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>886 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,103 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,311 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,379 </b></td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,075 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Gross liabilities claims years before 2015 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">1,176 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of discounting </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">-1,521 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of the risk adjustment margin for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">132 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">-2,241 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 border-bottom-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross liabilities for incurred claims </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-8 endCol-8 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-9 endCol-9 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-10 endCol-10 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-11 endCol-11 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-12 endCol-12 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,622 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4293625\"><span class=\"number\">7.5.14 </span><span class=\"title-text\">Liabilities arising from direct participating insurance contracts </span></h1><p>See accounting policies <a href=\"#n4295154\" title=\"F1. Insurance contracts\">F1</a>. For information on assumptions used, see <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4</a>. </p><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38,057 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">38,377 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pre-recognition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total liabilities arising from direct participating insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,049 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>38,366 </b></td></tr></tbody></table><br/><p>Pre-recognition cash flows mainly concern acquisition cash flows relating to insurance contracts, specifically <i>Werknemerspensioen</i>, not yet recognised. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293668\"><span class=\"number\">7.5.14.1 </span><span class=\"title-text\">Life \u2013 direct participating insurance contracts </span></h1><h3 class=\"table-title\">Changes in liabilities arising from direct participating insurance contracts by remaining coverage and incurred claims current year VFA </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,087 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>68 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>222 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,377 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,404 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,404 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,299 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,299 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-105 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-105 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-20 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,131 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,111 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,131 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,133 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">158 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">158 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>158 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>163 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,289 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,297 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,022 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,022 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,422 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,311 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-108 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,052 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,311 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>262 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cashflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,688 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,688 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,288 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,288 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,674 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,288 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-614 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>37,739 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>245 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,057 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in liabilities arising from direct participating insurance contracts by remaining coverage and incurred claims prior year VFA </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for remaining coverage </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Liabilities for incurred claims </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss component </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss component </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>35,790 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>228 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>36,093 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance contract revenue of which: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,081 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,081 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts recognised from transition date and retrospective approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-994 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-994 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Contracts under the fair value approach </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-87 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-87 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">New incurred claims and benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">779 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">767 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Losses and reversals of losses on onerous contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Claims and benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-6 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>779 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>772 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">155 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">155 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service operating expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>155 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>159 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total insurance service expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-6 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>934 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>932 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,263 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,263 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,340 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-6 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,197 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-149 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,072 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,071 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>732 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-7 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,197 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,922 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cashflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,557 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,557 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,203 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,203 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,545 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,203 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-658 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>38,087 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>68 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>222 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>38,377 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in liabilities arising from direct participating insurance contracts by measurement component current year VFA </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-left border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:left;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, Contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>36,587 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>530 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,260 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,063 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>197 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,377 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-63 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">35 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that do not adjust the CSM, ie losses on groups of onerous contracts and reversals of such losses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-95 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-89 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-95 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>51 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-99 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-59 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-80 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>21 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-108 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">370 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>421 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-99 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-59 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-80 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>21 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>262 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,688 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,688 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,288 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,288 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-614 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-614 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>36,426 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>431 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,201 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>983 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>217 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,057 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in liabilities arising from direct participating insurance contracts by measurement component prior year (VFA) </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-left border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:left;vertical-align:middle;border-bottom:1px solid;\"><b>CSM </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, Contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>34,288 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>541 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,264 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,072 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>193 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>36,093 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-139 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">51 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">88 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">63 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that do not adjust the CSM, ie losses on groups of onerous contracts and reversals of such losses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-102 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-72 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-102 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-40 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance service result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-122 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-14 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-13 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-8 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-149 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,060 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,071 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,938 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-12 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-8 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,922 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,557 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,557 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses paid, including investment components </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,203 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,203 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-658 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-658 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>36,587 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>530 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,260 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,063 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>197 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>38,377 </b></td></tr></tbody></table><br/><p>At year-end 2025, the liabilities included a guarantee provision for a carrying amount of \u20ac\u00a057 million (2024: \u20ac\u00a058 million). </p><p>An amount of \u20ac\u00a0517 million (2024: \u20ac\u00a0417 million) of the liabilities arising from direct participating insurance contracts is related to the a.s.r. pension DC plans. </p><p>For more information on the assumptions used and changes in estimates, see <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293641\"><span class=\"number\">7.5.14.2 </span><span class=\"title-text\">Contracts issued in the period </span></h1><p>The following tables summarise the effect on the measurement components of insurance contracts arising from the initial recognition of contracts that were initially recognised in the year. </p><h3 class=\"table-title\">Contracts issued: Liabilities arising from direct participating insurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses payable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">504 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,055 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,559 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>508 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,059 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,567 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-508 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,029 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,538 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33 </b></td></tr></tbody></table><br/><p>Onerous contracts in 2025 relate to the 2026 DC Pension production which resulted in losses due to mortality and expense assumption updates. </p><p>In 2025, a.s.r. harmonised the accounting of direct participating insurance contracts between a.s.r. life and Aegon life, which are accounted for under the VFA method. As a result of the change in methodology from indirect to direct method, estimates of the present value of cash inflows and cash outflows increased with a net neutral impact on CSM and equity. For more information, see <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4</a>. </p><h3 class=\"table-title\">Contracts issued: Liabilities arising from direct participating insurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Profitable contracts issued </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Onerous contracts issued </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service expenses payable </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">39 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Estimates of the present value of future cash outflows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">76 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Estimates of the present value of future cash inflows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-64 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Losses recognised on initial recognition </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293656\"><span class=\"number\">7.5.14.3 </span><span class=\"title-text\">Expected release of the CSM </span></h1><p>The following table illustrates when a.s.r. expects to recognise the remaining CSM as revenue. </p><h3 class=\"table-title\">Expected release of the CSM </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 year </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-2 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2-3 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>3-4 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>4-5 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>10-20 years </b></th><th class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>20-30 years </b></th><th class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 30 years </b></th><th class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>88 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>82 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>77 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>71 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>66 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>261 </b></td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>301 </b></td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>155 </b></td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>98 </b></td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,200 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">2024 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">94 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">88 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">82 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">76 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">71 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">280 </td><td class=\"valign-bottom startCol-8 endCol-8 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">314 </td><td class=\"valign-bottom startCol-9 endCol-9 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">155 </td><td class=\"valign-bottom startCol-10 endCol-10 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">102 </td><td class=\"valign-bottom startCol-11 endCol-11 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,260 </td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i15309": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4293462\"><span class=\"number\">7.5.13.3 </span><span class=\"title-text\">Reinsurance contracts - Non-life and Life </span></h1><h3 class=\"table-title\">Changes in reinsurance contracts by remaining coverage and incurred claims current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-3 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for remaining coverage </b></th><th class=\"valign-middle startCol-4 endCol-5 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for incurred claims </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss recovery component </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss recovery component </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>373 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>116 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>491 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Allocation of reinsurance premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-820 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-820 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Amounts recoverable from reinsurers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">724 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">725 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in amounts recoverable arising from changes in assets for incurred claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-820 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>718 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-102 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-40 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-36 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-860 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>721 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-138 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">752 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">752 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-739 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-739 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>752 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-739 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>13 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>248 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>351 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in reinsurance contracts by remaining coverage and incurred claims prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-3 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for remaining coverage </b></th><th class=\"valign-middle startCol-4 endCol-5 align-center border-bottom-1 colspan-2 headrow headrow-last\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\"><b>Assets for incurred claims </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Excluding loss recovery component </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Loss recovery component </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Estimates of the present value of the future cash flows </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>Risk adjustment for non-financial risk </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>392 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>123 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>518 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Allocation of reinsurance premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-679 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-679 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Amounts recoverable from reinsurers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">566 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">566 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in amounts recoverable arising from changes in assets for incurred claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-679 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>579 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-101 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">21 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">26 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-658 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>584 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-75 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">655 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">655 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-607 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-607 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>655 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-607 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>48 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-0 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>373 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>116 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>491 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in reinsurance contracts by measurement component current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-middle startCol-1 endCol-1 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-center border-bottom-1 border-top-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contractual service margin </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-164 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>469 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>27 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>406 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-27 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in the income statement for services received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-41 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-7 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-7 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-49 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-49 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-44 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-52 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-39 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>14 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-52 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-46 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-47 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-83 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">634 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">634 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-666 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-666 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-32 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-32 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-21 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-17 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-176 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>417 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>23 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>274 </b></td></tr></tbody></table><br/><p>In December 2025, Aegon life has entered into an additional longevity reinsurance contract. The contract reinsures a specified portfolio of insurance contracts of a buy-out against possible future mortality developments. The size of the underlying portfolio is \u20ac\u00a01.3 billion. The reinsurer will pay benefits as long as the participants live and receive fixed payments from Aegon life. A net reinsurance asset/liability is recognised in accordance with applicable IFRS requirements, using the general measurement model. See <a href=\"#n4306166\" title=\"Managing Life underwriting risk\">section 7.8.2.1.1</a>on the collateral which has been posted with respect to the contract. </p><p>Further details on the RA changes are provided in <a href=\"#n4293519\" title=\"Assumptions used\">section 7.5.13.4.3</a>. </p><div class=\"tanPageBreak newPage\"></div><h3 class=\"table-title\">Changes in reinsurance contracts by measurement component prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-middle startCol-1 endCol-1 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Estimates of the present value of the future cash flows </b></th><th class=\"valign-middle startCol-3 endCol-3 align-center border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Risk adjustment for non-financial risk </b></th><th class=\"valign-middle startCol-4 endCol-6 align-center border-bottom-1 border-top-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:middle;border-bottom:1px solid;\"><b>Contractual service margin </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Total </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts recognised from transition date and retrospective approach </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Of which, contracts under fair value approach </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-139 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>483 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>93 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>68 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>25 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>437 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in the income statement: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to future services </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Changes in estimates that adjust the CSM </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effects of contracts initially recognised in the period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes that relate to current services: </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in the income statement for services received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-41 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-41 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b><i>Changes relate to past service </i></b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net expenses from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-16 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-39 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-51 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net finance result from reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total changes in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-22 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-14 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-29 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">539 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">539 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reinsurance recoveries received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-528 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-528 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cash flows </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-164 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>469 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>100 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>27 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>406 </b></td></tr></tbody></table><br/><div class=\"tanPageBreak newPage\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4294506\"><span class=\"number\">7.6.3 </span><span class=\"title-text\">Net result from reinsurance contracts </span></h1><p>See <a href=\"#n4294835\" title=\"W1. Insurance contract revenue\">accounting policy W1</a>. </p><h3 class=\"table-title\">Net result from reinsurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Allocation of reinsurance premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-820 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-679 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recoverable from reinsurers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">725 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">566 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in amounts recoverable arising from changes in liability for incurred claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-102 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-101 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReinsuranceExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i17717": {
   "value": "<div class=\"tanPageBreak start-node\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4293688\"><span class=\"number\">7.5.15 </span><span class=\"title-text\">Employee benefits </span></h1><p>See accounting policy <a href=\"#n4295201\" title=\"G. Employee benefit plans\">G</a>. </p><h3 class=\"table-title\">Employee benefits </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Post-employment benefits pensions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,750 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,974 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Post-employment benefits other than pensions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">35 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Post-employment benefit obligation </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,780 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,010 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other long-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">27 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,810 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,037 </b></td></tr></tbody></table><br/><p>The employee benefits decreased by \u20ac\u00a0227 million to \u20ac\u00a04,810\u00a0million (2024: \u20ac\u00a05,037\u00a0million) primarily due to the increase in the discount rate from 3.51% in 2024 to 4.00% in 2025. The remeasurements resulted in an increase of \u20ac\u00a0135\u00a0million in equity in the actuarial gains and losses. </p><p>An amount of \u20ac\u00a04,588 million (2024: \u20ac\u00a04,839 million) of the employee benefits is expected to be settled more than twelve months after the balance sheet date. </p><h3 class=\"table-title\">Costs of post-employment and other long-term employee benefits </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Post-employment benefits pensions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-241 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-238 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Post-employment benefits other than pensions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-242 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-239 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cost of post-employment and other long-term employee benefits </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-243 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-239 </b></td></tr></tbody></table><br/><p>The costs of the post-employment benefits pensions relate to the current DC pension plan of a.s.r., the previous DB plans of a.s.r. and Aegon NL, plus the DC plans of the other group companies. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293704\"><span class=\"number\">7.5.15.1 </span><span class=\"title-text\">Post-employment benefits pensions </span></h1><p>a.s.r. has a number of DC and DB post-employment benefit plans for its employees and former employees. The majority of employees are formally employed by a.s.r. A limited number of employees are employed by other group companies. The pension plans of other group companies are disclosed in a subsection of this section. </p><p>a.s.r. life and Aegon life, insurance companies and group entities, are the insurers of the majority of the post-employment DB plans. a.s.r. life is also the insurer of the current pension DC plans. </p><div class=\"header header-2\">Defined Contribution plans </div><div class=\"header header-3\">a.s.r. employees </div><p>All pension buildup for existing and new employees as of 1 January 2021 are included in the post-employment DC plans. The DC plan has two components with defined benefit elements with a marginal impact; survivors' pension and the option to buy a guaranteed income. Both components are accounted for in the same way as the DC plan. The recognised expenses for the DC plan in 2025 amounts to \u20ac\u00a082 million (2024 \u20ac\u00a083 million). </p><div class=\"header header-3\">Former Aegon employees </div><p>With the integration of Aegon NL and a.s.r. on 1 October 2023, the Aegon DC plan with asr IORP became non-contributory; from that date, the employees of Aegon NL are included in the DC plan of a.s.r. </p><div class=\"header header-3\">Other group companies employees </div><p>The other group companies, which are entities mainly operating in the Distribution and Services segment, have DC plans, insured with a.s.r. life. The recognised expenses for these DC plans in 2025 amounts to \u20ac\u00a022 million (2024: \u20ac\u00a019 million), of which \u20ac\u00a01.5 million relates to the employees of HumanTotalCare (see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5)</a>. </p><div class=\"header header-2\">Defined Benefit plans </div><div class=\"header header-2\">Net defined benefit liability </div><h3 class=\"table-title\">Defined benefit obligation for all the above mentioned plans </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net defined benefit liability at 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,974 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,160 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Included in income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Interest cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">174 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">175 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>172 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>174 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Remeasurement of liabilities included in OCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Discount rate change </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-186 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-64 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other assumptions change </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-40 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Experience adjustments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-48 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-182 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-151 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-219 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-211 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net defined benefit liability at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,750 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,974 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Defined benefit obligation </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,750 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,974 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Fair value of plan assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net defined benefit liability </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,750 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,974 </b></td></tr></tbody></table><br/><div class=\"header header-3\">a.s.r. employees </div><p>All employees who commenced service between 1 January 2006 and 31 December 2020 are included in one post-employment DB plan (\u2018Basic plan\u2019). All other employees remain active within the existing plan at the date of first employment. Previous plans for former employees are also still active. </p><p>As per 31 December 2020, the contribution to the DB pension scheme ended, therefore no accrual rate and pensionable salary and minimum franchise is required for this scheme. </p><ul><li><p>The DB pension scheme had a retirement age of 68 years; </p></li><li><p>The DB scheme was based on average-salary pension; and </p></li><li><p>Future inflation indexation agreements are in force. </p></li></ul><p>Employees account for 18% (2024: 19%) of the DB obligation, 58% (2024: 55%) of the DB obligation relates to former employees currently receiving pension benefits, 22% (2024: 24%) of the DB obligation relates to deferred pensioners and 2 % (2024: 2%) of the DB obligation relates to other members. </p><div class=\"header header-3\">Former Aegon employees </div><p>The DB obligation of Aegon NL classifies as multiple-employer contract. a.s.r. has an obligation to pay part of the guarantee premium, which is an insurance premium to pay for the guarantee provided by Aegon life. Each year when there is a decision related to additional entitlements stemming from indexation, a new guarantee premium is calculated. This premium is based on the total of entitlements, including the previous annual layers of indexation bought in the past. The indexation annuity, which is based on contractual tariff, is extracted from the indexation depot. The guarantee premium, which is calculated based on the difference between the current market price and the contractual tariff for indexation, is paid in full by a.s.r. to Aegon life, and subsequently 29% thereof is recovered from Aegon Ltd. (2025: \u20ac\u00a04 million; 2024: \u20ac\u00a04 million). These contributions from Aegon Ltd. are set out in the formal terms of the plan, and thus affect remeasurements of the net DB liability. An amount of \u20ac\u00a059 million (2024: \u20ac\u00a080 million) was netted of the DB obligation and included in OCI. </p><p>As per 31 December 2019, the contribution to the DB pension scheme ended, therefore no accrual rate and pensionable salary and minimum franchise is required for this scheme. </p><ul><li><p>The DB pension scheme had a retirement age of 68 years; </p></li><li><p>The DB scheme was based on average-salary pension; and </p></li><li><p>Future inflation indexation agreements are in force. </p></li></ul><p>Employees account for 0% (2024 0%) of the DB obligation, 57% (2024 55%) of the DB obligation relates to former employees currently receiving pension benefits, 41% (2024 43%) of the DB obligation relates to deferred pensioners and 2% (2024 2%) of the DB obligation relates to other members. </p><div class=\"header header-2\">Experience adjustments </div><p>Experience adjustments are actuarial gains and losses that have arisen due to differences between actuarial assumptions. The following table provides information about experience adjustments with respect to qualifying plan assets and the DB obligation: </p><h3 class=\"table-title\">Experience adjustments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>(in \u20ac\u00a0thousands) </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Experience adjustments to qualifying investments, gain (loss) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">As a % of liabilities as at 31 December </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0.0% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">0.0% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Experience adjustments to defined benefit obligation, gain (loss) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,320 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">47,989 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">As a % of liabilities as at 31 December </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0.1% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1.0% </td></tr></tbody></table><br/><div class=\"header header-1\">Assumptions </div><h3 class=\"table-title\">The principal actuarial assumptions and parameters at year-end </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>a.s.r. DB plan </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Discount rate a.s.r. </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4.00% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.51% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effect thereof on DB obligation (millions) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-143 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Duration (years) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortality (years) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of change in other assumptions (mainly Mortality)(millions) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-20 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Former Aegon NL DB plan </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Discount rate a.s.r. </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4.00% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.51% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Effect thereof on DB obligation (millions) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-60 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-22 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Duration (years) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Mortality (years) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">21 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of change in other assumptions (mainly Mortality)(millions) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-20 </td></tr></tbody></table><br/><p>In the calculation of the DB obligation the: </p><ul><li><p>Discount rate is based on an internal curve for high quality corporate bonds; </p></li><li><p>For the pension scheme the most recent mortality table \u2018<i>a.s.r. 2025 prognosetafel</i>\u2019 is used, in combination with a.s.r. specific experience factors for the pension portfolio; </p></li><li><p>The period of indexation is based on the expected duration of the separate account to fund the future inflation indexation. </p></li></ul><p>The sensitivity of the above actuarial assumptions to feasible possible changes at the reporting date to one of the relevant actuarial assumptions whilst other assumption remain constant, would have affected the DB obligation by the amounts shown below: </p><h3 class=\"table-title\">Sensitivity of actuarial assumptions </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Increase </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Decrease </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Discount rate (1% movement) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-446 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">553 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Future mortality (1 year movement) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-121 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">120 </td></tr></tbody></table><br/><div class=\"header header-1\">Non-qualifying plan assets </div><p>The portfolios of global investments related to the ended DB pension schemes of a.s.r. and former Aegon NL are considered non-qualifying plan assets. The non-qualifying assets, which are managed by a group company, are not presented as part of the net DB obligation. </p><p>For the non-qualifying assets backing the post-employment benefit plans, a.s.r. has drawn up general guidelines for the asset mix based on criteria such as geographical location and ratings. To ensure the investment guidelines remain in line with the conditions of the post-employment benefit obligations, a.s.r. regularly performs Asset Liability Management (ALM) studies. Transactions in the non-qualifying assets are done within the guidelines. As the post-employment benefit plans are a liability on group level, the underlying insurance and market risks are in scope of a.s.r.\u2019s risk policies (<a href=\"#n4295556\" title=\"Risk management\">section 7.8</a>). </p><p>The overall interest-rate risk of the Group is managed using interest-rate swaps and swaptions. a.s.r. manages the interest rate risk through an overlay interest hedging strategy using swaps and swaptions for the company as a whole (see <a href=\"#n4295691\" title=\"Market risk\">section 7.8.3</a>). The swaps and swaptions are not specifically allocated to the respective post-employment benefit plans. </p><p>a.s.r. has separate accounts to fund future inflation indexation for the employees and former employees included in the a.s.r. post-employment defined benefit plan. As such this has been included in the DB obligation. The fair value of these assets amounted to <span style=\"white-space:nowrap;\">\u20ac\u00a0286 million</span> (2024: \u20ac\u00a0348 million) for a.s.r. and \u20ac\u00a0530 million (2024: \u20ac\u00a0548 million) in relation to Aegon NL. The Aegon NL non-qualifying plan assets are ringfenced and amount to \u20ac\u00a02,210 million (2024: \u20ac\u00a02,366 million). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293731\"><span class=\"number\">7.5.15.2 </span><span class=\"title-text\">Post-employment benefits other than pensions </span></h1><p>The other post-employment benefits plans consist of personnel arrangements for financial products (such as mortgages and health insurance), which remain in place after retirement. </p><h3 class=\"table-title\">Changes in the defined benefit obligation </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Defined benefit obligation at 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>35 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>39 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Included in income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Remeasurement of liabilities included in OCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other assumptions change </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-1 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Defined benefit obligation at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>30 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>35 </b></td></tr></tbody></table><br/><p>Experience adjustments are actuarial gains and losses that have arisen due to differences between actuarial assumptions. The following table provides information about experience adjustments with respect to qualifying plan assets and the DB obligation: </p><h3 class=\"table-title\">Experience adjustments to defined benefit obligation </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>(in \u20ac\u00a0thousands) </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Experience adjustments to defined benefit obligation, loss (gain) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,651 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">661 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">As a % of liabilities as at 31 December </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8.9% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1.9% </td></tr></tbody></table><br/><h3 class=\"table-title\">Principal actuarial assumptions and parameters at year-end </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Discount rate </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3.6% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.3% </td></tr></tbody></table><br/><p>Discounts on employee mortgages have been fixed in amounts granted on the reference date December 2017 and for former Aegon NL employees on the reference date January 2023. </p><p>In the calculation of the DB obligation the: </p><ul><li><p>Discount rate is based on an internal curve for high quality corporate bonds; </p></li><li><p>For a.s.r. post-employment benefit obligations the most recent mortality table \u2018<i>a.s.r. 2025 prognosetafel</i>\u2019 is used, in combination with a.s.r. specific experience factors for the pension portfolio; </p></li><li><p>For former Aegon NL post-employment benefit obligations the '<i>a.s.r. 2025 prognosetafel</i>' is used, in combination with a.s.r. specific experience factors for the pension portfolio. </p></li></ul><p>The sensitivity of the above actuarial assumptions to feasible possible changes at the reporting date to one of the relevant actuarial assumptions whilst other assumption remain constant, would have resulted in nil (2024: nil) impact on the DB obligation </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4293745\"><span class=\"number\">7.5.15.3 </span><span class=\"title-text\">Other long-term employee benefits </span></h1><p>Other long-term employee benefits consist of the employer's share of liabilities arising from long-term services, such as jubilee benefits. </p><h3 class=\"table-title\">Changes in other long-term employee benefits </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net liability as at 1 January </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>27 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>19 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Total expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net liability as at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>30 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>27 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Underlying assumptions </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Discount rate </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3.3% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.1% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Salary increases </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2.2% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2.1% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Expected remaining service years a.s.r. </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8.1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8.4 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Expected remaining service years former Aegon NL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8.1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8.4 </td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4295428\"><span class=\"number\">7.7.6 </span><span class=\"title-text\">Employee Share Purchase Plan </span></h1><p>In 2019 a.s.r. issued an employee share purchase plan (ESPP or \u2018the plan\u2019). a.s.r. employees are thereby given the opportunity to acquire a.s.r. shares at a discount. a.s.r. can suspend or withdraw the plan at any time. There is no option under the plan for either a.s.r. or the employee to settle in cash or other assets. Therefore the plan is an equity-settled share-based payments plan. </p><p>In 2023, a.s.r. has introduced the revised remuneration policy for EB and MB members, see <a href=\"#n4295410\" title=\"Key management personnel remuneration\">section 7.7.5. </a></p><p>Under the terms of the plan the granting and vesting is predefined. The grant date of the plan is the moment the employee registers to participate in the plan. The shares vest immediately on the transaction date when cash is received from the employee, unconditionally, subject only to a post-vesting transfer restriction of five years. Otherwise, there are no specific restrictions to the share (i.e. voting power, dividend restrictions). </p><p>The employees purchase the shares at a discount of 18.5%. The fair value of the a.s.r. share with a lock-up of five years at the grant date equals the purchased price by the employee. The ESPP has an impact on equity through the adjustment in the treasury shares and retained earnings. See <a href=\"#n4294247\" title=\"Treasury shares\">section 7.5.11.5</a> Treasury shares for more information. </p><p>The number of shares purchased by employees during the reporting period was 235 thousand for an amount of \u20ac\u00a011 million (2024: 268 thousand for an amount of \u20ac\u00a09 million). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18090": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293758\"><span class=\"number\">7.5.16 </span><span class=\"title-text\">Provisions </span></h1><h3 class=\"table-title\">Changes in provisions </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">413 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">414 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Additional foreseen amounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of unused amounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Usages in course of year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-294 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">121 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">413 </td></tr></tbody></table><br/><p>The provisions were created for: </p><ul><li><p>Settlement to the claimants for unit-linked products; </p></li><li><p>VAT and legal issues; </p></li><li><p>Employee restructuring expenses; </p></li><li><p>Retention of disability risk instead of insuring it with the Employee Insurance Agency (<i>Uitvoeringsinstituut Werknemersverzekeringen</i> - UWV); </p></li><li><p>Dismantling costs wind turbines; and </p></li><li><p>Other expenses. </p></li></ul><p>The provision for settling unit-linked product claims covers legal and operational costs from longstanding disputes regarding transparency and charges. In November 2023, a.s.r. agreed to a capped settlement of \u20ac\u00a0250 million with five consumer protection organisations. This agreement became effective in February 2025, once virtually all affiliated customers had accepted their individual offers and granted full and final release, after which execution commenced. In addition, a leniency scheme was also introduced for non-affiliated participants. </p><p>At year-end 2025, a.s.r.\u2019s remaining provision to finalise the compensation agreements associated with the unit-linked dispute amounts to \u20ac\u00a053 million (2024: \u20ac\u00a0300 million). For further details on contingent liabilities, see <a href=\"#n4295482\" title=\"Pending litigation portfolio and product-related issues\">section 7.7.7.2</a>. </p><p>The provision for VAT and legal issues is based is determined using the best estimates available at year-end, supported expert opinions. </p><p>The provisions for employee restructuring are based on arrangements agreed in the Collective Bargaining Agreement, restructuring plans, and on decisions made by a.s.r.\u2019s management. The restructuring provision amounting to \u20ac\u00a042 million (2024: \u20ac\u00a057 million) relates mainly to the reorganisation of a.s.r. due to the integration of Aegon NL entities and the consequential program to achieve a lower cost level. This program will be continued in 2026.\u202f </p><p>The timing of the outflow of resources related to these provisions is uncertain because of the unpredictability of the outcome and the time required for the settlement of disputes. </p><p>An amount of \u20ac\u00a095 million (2024: \u20ac\u00a0368 million) of the provisions is expected to be settled within twelve months after the balance sheet date. </p><h1 class=\"S_PARAGRAPH\" id=\"n4295444\"><span class=\"number\">7.7.7 </span><span class=\"title-text\">Contingent liabilities and assets </span></h1><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295460\"><span class=\"number\">7.7.7.1 </span><span class=\"title-text\">General claims and disputes </span></h1><p>The Group is a respondent in a number of claims, disputes and legal proceedings arising from the normal conduct of business. </p><p>Provisions are formed for such occurrences if, in management's opinion and after consultation with its legal advisors, a.s.r. is likely to have to make payments and the payable amount can be estimated with sufficient reliability. The probable costs related to the compensation schemes for unit-linked insurance contracts have been fully recognised based on management's current knowledge of relevant facts, claims and events. These provisions are included in the legal provisions (see <a href=\"#n4293758\" title=\"Provisions\">section 7.5.16</a>) and, for 2024, under the liabilities arising from insurance contracts. Further information on the unit-linked insurance contracts is provided in <a href=\"#n4295482\" title=\"Pending litigation portfolio and product-related issues\">section 7.7.7.2</a>. </p><p>Dutch insurers continue to receive insurance policies complaints and claims based on grounds other than the cost compensation. Possible future legal proceedings could have a substantial financial and reputational impact. However it is not possible at this time to make reliable estimates of the number of expected proceedings, possible future precedents and the financial impact of possible future proceedings. Currently there are no indications that an additional provision would be necessary for a.s.r. </p><p>As for other claims and legal proceedings, against a.s.r. known to management (and for which, in accordance with the defined principles, no provision has been formed), management believes, after having sought expert advice, that these claims have no chance of success, or that a.s.r. can successfully mount a defence against them, or that the outcome of the proceedings is unlikely to result in a significant loss for a.s.r. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295482\"><span class=\"number\">7.7.7.2 </span><span class=\"title-text\">Pending litigation portfolio and product-related issues </span></h1><div class=\"header header-2\">Unit-linked products (beleggingsverzekeringen) </div><p>Since 2006, Dutch unit-linked life insurance products have been subject to public criticism regarding fees and transparency, giving rise to industry-wide compensation schemes and collective claims initiated by consumer groups. a.s.r. was involved in several collective actions, which were ultimately resolved through a comprehensive settlement with five consumer protection organisations, finalised in February 2025. The agreement did not admit excessive charges and was accepted by virtually all affiliated customers. All related proceedings have been withdrawn, and the participating organisations have agreed not to initiate new actions. </p><p>Following the settlement's finalisation, a leniency scheme was introduced for non-affiliated customers with a closing date of 1 June 2025. A substantial portion of the settlement and leniency scheme obligation has already been paid in 2025, with the remainder scheduled for settlement in the first half of 2026. </p><p>These settlements have substantially reduced outstanding legal exposure. Nonetheless, Dutch insurers may continue to face residual risk, including the possibility of future claims and reputational impact. For further details regarding the recognised provisions, see <a href=\"#n4293758\" title=\"Provisions\">section 7.5.16</a> . </p><p><b>Optas</b><br/>In 2019 Optas had been merged into Aegon life, based on prior approval and instruction by the DNB. A limited number of policyholders opposed the merger and appealed the permission of DNB at the administrative Court. On 13 February 2023 the Administrative Court granted the objections and annulled the permission granted by the DNB. The Court found that DNB should have required that all policyholders should have been individually informed in writing regarding the merger and given the possibility to oppose the merger. The Court also found that DNB should have shared all (including those marked classi\ufb01ed and sensitive) documents relating to the permission to the objectors. Based on the law (Wft) the legality of the merger is not affected by an administrative annulment. This has been con\ufb01rmed by ruling of the Civil Court in a case against Aegon life, and by the Supreme Court of the Netherlands. An appeal procedure that is still pending relates to alleged rights to indexation of pension rights, that was lodged by a limited number of policyholders. In first instance the claims of these policyholders were denied by the District Court in Rotterdam. Aegon life does not expect the pending litigation at the Appeals Court to have a material impact on a.s.r.'s business, results of operations and \ufb01nancial position. However, there can be no assurances in this respect. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295500\"><span class=\"number\">7.7.7.3 </span><span class=\"title-text\">Obligations and guarantees </span></h1><p>a.s.r. has entered into private loans agreements \u20ac\u00a0262 million (2024: \u20ac\u00a0502 million) and private equity agreements \u20ac\u00a0574 million (2024: \u20ac\u00a0100 million). Other commitments mainly consist of future purchases of interests in investment funds and amounts to \u20ac\u00a0813 million (2024: \u20ac\u00a0463 million). </p><p>a.s.r. has irrevocable facilities of \u20ac\u00a01,250 million (2024: \u20ac\u00a01,223 million) which mainly relate to mortgage loan offers issued. Mortgage loan commitments represent undrawn mortgage loan facilities provided and outstanding proposals on mortgages. In 2025 there are no sales of mortgage loans related to pre-announced redemptions on mortgage loans (2024: \u20ac\u00a074 million). </p><p>Investment obligations for an amount of \u20ac\u00a0142 million (2024: \u20ac\u00a0345 million) have been assumed / issued for investment property. </p><p>The sale of real estate which relates to properties that are under contract to be sold as per 31 December 2025 amounts to \u20ac\u00a0146 million (2024: \u20ac\u00a017 million). Real estate commitments represent the committed pipeline of investments in real estate projects. </p><p>Investment obligations and guarantees for a total amount of \u20ac\u00a03 million (2024: \u20ac\u00a03 million) have been issued for real estate development projects and the acquisition of property. Those guarantees were issued by principals for the execution of projects for the benefit of clients. </p><p>The share of contingent liabilities incurred in relation to interests in joint ventures amounts to \u20ac\u00a013 million (2024: \u20ac\u00a014 million). These contingent liabilities, not shown in the balance sheet, relate to investment obligations entered into by a.s.r. (for its share of approximately 50%) for real estate development projects of Amvest. </p><p>In October 2017, Aegon NL sold its shares in Unirobe Mee\u00f9s Groep (UMG) for \u20ac\u00a0295 million to Aon Groep Nederland. a.s.r. (after the business combination with Aegon NL) indemnifies and holds Aon Groep Nederland group (including UMG) harmless (until 2027) for and against any damage incurred resulting from unit-linked insurance claims prior to 1 January 2017 with respect to UMG\u2019s portfolio of Unit Linked Policies. The aggregate liability for a.s.r. is maximised at an amount equal to the purchase price. </p><p>The Dutch guarantee fund for motorised traffic has a latent claim on all insurers offering legal liability products. In line with the advice of the guarantee fund a.s.r.'s contingent liability is \u20ac\u00a011 million (2024: \u20ac\u00a013 million). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295516\"><span class=\"number\">7.7.7.4 </span><span class=\"title-text\">Expected future lease payments </span></h1><p>The following table sets out the expected future lease payments for investment property and plants, showing the undiscounted lease payments to be received after the reporting date. </p><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received within 1 year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">39 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 1 and 2 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 2 and 3 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 3 and 4 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 4 and 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received after 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">87 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">98 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total undiscounted lease payments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>163 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td></tr></tbody></table><br/><p>The investments properties, in retail, residential, offices and rural markets are leased to third parties, consisting of various lease terms in a range between shorter than one year and undetermined period with competitive rents mostly indexed to consumer prices. The plants are leased to third parties with lease terms longer than ten years. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18091": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293758\"><span class=\"number\">7.5.16 </span><span class=\"title-text\">Provisions </span></h1><h3 class=\"table-title\">Changes in provisions </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">413 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">414 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Additional foreseen amounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Reversal of unused amounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Usages in course of year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-294 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">121 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">413 </td></tr></tbody></table><br/><p>The provisions were created for: </p><ul><li><p>Settlement to the claimants for unit-linked products; </p></li><li><p>VAT and legal issues; </p></li><li><p>Employee restructuring expenses; </p></li><li><p>Retention of disability risk instead of insuring it with the Employee Insurance Agency (<i>Uitvoeringsinstituut Werknemersverzekeringen</i> - UWV); </p></li><li><p>Dismantling costs wind turbines; and </p></li><li><p>Other expenses. </p></li></ul><p>The provision for settling unit-linked product claims covers legal and operational costs from longstanding disputes regarding transparency and charges. In November 2023, a.s.r. agreed to a capped settlement of \u20ac\u00a0250 million with five consumer protection organisations. This agreement became effective in February 2025, once virtually all affiliated customers had accepted their individual offers and granted full and final release, after which execution commenced. In addition, a leniency scheme was also introduced for non-affiliated participants. </p><p>At year-end 2025, a.s.r.\u2019s remaining provision to finalise the compensation agreements associated with the unit-linked dispute amounts to \u20ac\u00a053 million (2024: \u20ac\u00a0300 million). For further details on contingent liabilities, see <a href=\"#n4295482\" title=\"Pending litigation portfolio and product-related issues\">section 7.7.7.2</a>. </p><p>The provision for VAT and legal issues is based is determined using the best estimates available at year-end, supported expert opinions. </p><p>The provisions for employee restructuring are based on arrangements agreed in the Collective Bargaining Agreement, restructuring plans, and on decisions made by a.s.r.\u2019s management. The restructuring provision amounting to \u20ac\u00a042 million (2024: \u20ac\u00a057 million) relates mainly to the reorganisation of a.s.r. due to the integration of Aegon NL entities and the consequential program to achieve a lower cost level. This program will be continued in 2026.\u202f </p><p>The timing of the outflow of resources related to these provisions is uncertain because of the unpredictability of the outcome and the time required for the settlement of disputes. </p><p>An amount of \u20ac\u00a095 million (2024: \u20ac\u00a0368 million) of the provisions is expected to be settled within twelve months after the balance sheet date. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18236": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293782\"><span class=\"number\">7.5.17 </span><span class=\"title-text\">Borrowings </span></h1><p>See accounting policies <a href=\"#n4294803\" title=\"U. Financing\">U</a> and <a href=\"#n4294820\" title=\"V. Leasing\">V</a>. </p><h3 class=\"table-title\">Borrowings </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,181 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,061 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Lease liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">120 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">74 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total Borrowings </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,301 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,135 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in borrowings </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-4 align-center border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>2025 </b></th><th class=\"valign-bottom startCol-5 endCol-7 align-center border-bottom-1 colspan-3 headrow\" colspan=\"3\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loans </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Lease Liabilities </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Loans </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Lease Liabilities </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,061 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,135 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,363 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">88 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,451 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Proceeds from issues of loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">502 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">509 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,091 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,106 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">(410) </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">(12) </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">(422) </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(582) </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(17) </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(600) </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accrued </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation premiums and discounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">48 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(2,816) </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(4) </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(2,820) </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(9) </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">(8) </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total Borrowings </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,181 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>120 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,301 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,061 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>74 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,135 </b></td></tr></tbody></table><br/><p>As at year-end, borrowings had the following terms to maturity: </p><h3 class=\"table-title\">Maturity of borrowings </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:16%;\"/><col style=\"width:16%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Maturity - Falling due within 1 year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">70 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">115 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Maturity - Falling due between 1 and 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">908 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">846 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Maturity - Falling due after 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,323 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,174 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Maturity Borrowings </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,301 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,135 </b></td></tr></tbody></table><br/><p>At year-end 2025, the fair value of borrowings was \u20ac\u00a03,322 million (2024: \u20ac\u00a03,136 million). For information regarding the fair value, see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a>. The average interest rate payable on loans was 4.49% (2024: 4.18%). The average incremental borrowing rate on the lease liabilities was 4.05% (2024: 3.81%). </p><p>On 20 March 2024, a.s.r. (through Aegon Hypotheken) closed a transaction under the Dutch SAECURE programme to sell Class A mortgage-backed securities (RMBS). \u2018SAECURE 22\u2019 consisted of a principal amount of \u20ac\u00a0600 million of class A notes with the first optional redemption date (FORD) April 2030. </p><p>On 30 January 2025, a.s.r. (through a.s.r. life) closed a transaction under the Dutch Delphinus programme to sell Class A mortgage-backed securities (RMBS). \u2018Delphinus 2025-I\u2019 consisted of a principal amount of \u20ac\u00a0500 million of class A notes with the FORD March 2031. </p><p>During 2025, SAECURE 18 was fully redeemed at the FORD for an amount of \u20ac\u00a0254 million. </p><p>The following structured entities are group companies and have been consolidated: </p><ul><li><p>SAECURE 17 B.V.; </p></li><li><p>SAECURE 18 NHG B.V.; </p></li><li><p>SAECURE 20 B.V.; </p></li><li><p>SAECURE 21 B.V.; </p></li><li><p>SAECURE 22 B.V.; </p></li><li><p>Aegon Hypotheken Financiering B.V.; </p></li><li><p>Aegon Hypotheken Prefunding B.V.; </p></li><li><p>Hypotheken Prefunding 2 B.V.; </p></li><li><p>Delphinus 2023-I B.V.; </p></li><li><p>Orcinus 2023 B.V.; </p></li><li><p>Delphinus 2025-I B.V. </p></li></ul><p>The structured entities relate to the funding or securitisation of mortgage loans. a.s.r. holds no shares in the structured entities. The contractual agreements with these entities do not include provisions in which a.s.r. could be required to provide financial support in certain circumstances. a.s.r. has not provided, nor has intentions to provide, financial or other support without having a contractual obligation to do so. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18241": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293810\"><span class=\"number\">7.5.18 </span><span class=\"title-text\">Due to banks </span></h1><p>See accounting <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">policy E</a>. </p><p>The amounts due to banks decreased from \u20ac\u00a05,550 million to \u20ac\u00a04,110 million, mainly as a result of the decrease in liability recognised for cash collateral under ISDAs (International Swaps and Derivatives Association) and Client Clearing Agreements (CCA) concluded with counterparties and the settlement of repurchase agreements. There is no significant difference between the carrying amount and the fair value of these liabilities (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a>). The average interest rate for the cash collateral received in 2025 is 2.18% and based on \u20acSTR (2024: 3.65%). </p><p>In 2024 \u20ac\u00a0517 million of cash on the balance sheet has been borrowed by entering into repurchase agreements. The asset recognised for cash collateral paid on reverse repurchase agreements is presented under other financial assets. The liability recognised for cash collateral received on repurchase agreements is presented under due to banks. The liability related to cash collateral received on derivate instruments is also included in due to banks. In 2025 the repurchase agreements were settled. </p><p>a.s.r.'s unsecured Revolving Credit Facility (RCF) amounts to \u20ac\u00a0600 million in 2025 (2024: \u20ac\u00a0600 million). The RCF can be used for multiple purposes including investment purposes, balance sheet management and short-term cash flow management. As per year-end 2025 the RCF is undrawn and fully available. </p><p>a.s.r.'s overdraft facility amounts to \u20ac\u00a0150 million in 2025 (2024 \u20ac\u00a0150 million). This facility can be used in respect of a.s.r.'s residential mortgage business. As per year-end 2025 the overdraft facility is undrawn and fully available. </p><p>An amount of \u20ac\u00a03,449 million due to banks (2024: \u20ac\u00a05,158 million) is expected to be settled within twelve months after the balance sheet date. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToBanksExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18291": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293828\"><span class=\"number\">7.5.19 </span><span class=\"title-text\">Other liabilities </span></h1><h3 class=\"table-title\">Other liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">295 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">249 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Trade payables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">376 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">371 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">640 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">647 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,369 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,322 </b></td></tr></tbody></table><br/><p>The carrying value of other liabilities approximates their fair value (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a> for further information on other financial liabilities). </p><p>An amount of \u20ac\u00a051 million (2024: \u20ac\u00a0184 million) of the other liabilities is expected to be settled more than one year after the balance sheet date. </p><p>The other non-financial liabilities consist mainly of accounts payable, accrued liabilities, VAT and other taxes to be paid. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18292": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293828\"><span class=\"number\">7.5.19 </span><span class=\"title-text\">Other liabilities </span></h1><h3 class=\"table-title\">Other liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">295 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">249 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Trade payables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">376 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">371 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">640 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">647 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,369 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,322 </b></td></tr></tbody></table><br/><p>The carrying value of other liabilities approximates their fair value (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a> for further information on other financial liabilities). </p><p>An amount of \u20ac\u00a051 million (2024: \u20ac\u00a0184 million) of the other liabilities is expected to be settled more than one year after the balance sheet date. </p><p>The other non-financial liabilities consist mainly of accounts payable, accrued liabilities, VAT and other taxes to be paid. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18294": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293828\"><span class=\"number\">7.5.19 </span><span class=\"title-text\">Other liabilities </span></h1><h3 class=\"table-title\">Other liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">295 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">249 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Trade payables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">376 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">371 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">640 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">647 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,369 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,322 </b></td></tr></tbody></table><br/><p>The carrying value of other liabilities approximates their fair value (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a> for further information on other financial liabilities). </p><p>An amount of \u20ac\u00a051 million (2024: \u20ac\u00a0184 million) of the other liabilities is expected to be settled more than one year after the balance sheet date. </p><p>The other non-financial liabilities consist mainly of accounts payable, accrued liabilities, VAT and other taxes to be paid. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToCustomersExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18295": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293828\"><span class=\"number\">7.5.19 </span><span class=\"title-text\">Other liabilities </span></h1><h3 class=\"table-title\">Other liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">295 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">249 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Trade payables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">376 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">371 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">640 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">647 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,369 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,322 </b></td></tr></tbody></table><br/><p>The carrying value of other liabilities approximates their fair value (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a> for further information on other financial liabilities). </p><p>An amount of \u20ac\u00a051 million (2024: \u20ac\u00a0184 million) of the other liabilities is expected to be settled more than one year after the balance sheet date. </p><p>The other non-financial liabilities consist mainly of accounts payable, accrued liabilities, VAT and other taxes to be paid. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18296": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293828\"><span class=\"number\">7.5.19 </span><span class=\"title-text\">Other liabilities </span></h1><h3 class=\"table-title\">Other liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">295 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">249 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Trade payables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">376 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">371 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">640 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">647 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,369 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,322 </b></td></tr></tbody></table><br/><p>The carrying value of other liabilities approximates their fair value (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a> for further information on other financial liabilities). </p><p>An amount of \u20ac\u00a051 million (2024: \u20ac\u00a0184 million) of the other liabilities is expected to be settled more than one year after the balance sheet date. </p><p>The other non-financial liabilities consist mainly of accounts payable, accrued liabilities, VAT and other taxes to be paid. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18297": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293828\"><span class=\"number\">7.5.19 </span><span class=\"title-text\">Other liabilities </span></h1><h3 class=\"table-title\">Other liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">295 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">249 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Trade payables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">376 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">371 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">640 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">647 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,369 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,322 </b></td></tr></tbody></table><br/><p>The carrying value of other liabilities approximates their fair value (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a> for further information on other financial liabilities). </p><p>An amount of \u20ac\u00a051 million (2024: \u20ac\u00a0184 million) of the other liabilities is expected to be settled more than one year after the balance sheet date. </p><p>The other non-financial liabilities consist mainly of accounts payable, accrued liabilities, VAT and other taxes to be paid. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18299": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293828\"><span class=\"number\">7.5.19 </span><span class=\"title-text\">Other liabilities </span></h1><h3 class=\"table-title\">Other liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to customers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">295 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">249 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Trade payables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">376 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">371 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">640 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">647 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,369 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,322 </b></td></tr></tbody></table><br/><p>The carrying value of other liabilities approximates their fair value (see <a href=\"#n4295332\" title=\"Financial assets and liabilities not measured at fair value\">section 7.7.1.2</a> for further information on other financial liabilities). </p><p>An amount of \u20ac\u00a051 million (2024: \u20ac\u00a0184 million) of the other liabilities is expected to be settled more than one year after the balance sheet date. </p><p>The other non-financial liabilities consist mainly of accounts payable, accrued liabilities, VAT and other taxes to be paid. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18492": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294466\"><span class=\"number\">7.6.1 </span><span class=\"title-text\">Insurance contract revenue </span></h1><p>See <a href=\"#n4294835\" title=\"W1. Insurance contract revenue\">accounting policy W1</a>. </p><h3 class=\"table-title\">Insurance contract revenue </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Contracts not measured under the PAA </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts relating to changes in liabilities for remaining coverage: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Expected insurance claims, benefits and expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,797 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,852 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,649 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk for risk expired </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">21 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">170 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">191 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">106 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">361 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">466 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Other/ experience adjustments arising from premiums not relating to future service </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">72 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">70 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Recovery of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,019 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,387 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,406 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Contracts measured under the PAA </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,918 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,918 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance contract revenue </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,937 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,387 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,324 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Insurance contract revenue </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Contracts not measured under the PAA </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts relating to changes in liabilities for remaining coverage: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Expected insurance claims, benefits and expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,788 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,459 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,247 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk for risk expired </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">191 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">216 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">143 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">312 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">456 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Other/ experience adjustments arising from premiums not relating to future service </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">66 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">84 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Recovery of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,046 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,987 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,033 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Contracts measured under the PAA </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,567 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,567 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance contract revenue </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,614 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,987 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>9,601 </b></td></tr></tbody></table><br/><p>The increase in total insurance contract revenue was \u20ac\u00a0323 million in Non-life segment and \u20ac\u00a0400\u00a0million in the Life segment. </p><p>The insurance contract revenue related to the a.s.r. and Aegon NL post-employment benefit plans of \u20ac\u00a0254 million (2024: \u20ac\u00a0254 million) are not included in the life figures since these have been eliminated in the consolidation process. </p><h3 class=\"table-title\">Insurance Contract Revenue reconciliation </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notes to the consolidated balance sheet </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notes to the consolidated income statement </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notes to the consolidated balance sheet </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notes to the consolidated income statement </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">7.5.13.1 Insurance contracts Non-Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,937 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,614 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">7.5.13.2 Insurance contracts Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,983 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,906 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">7.5.14.1 Life - Direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,404 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,081 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">7.6.1 Insurance contract revenue Non-Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,937 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,614 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">7.6.1 Insurance contract revenue Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,387 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,987 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,324 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,324 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>9,601 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>9,601 </b></td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsurancePremiumRevenueExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18493": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294466\"><span class=\"number\">7.6.1 </span><span class=\"title-text\">Insurance contract revenue </span></h1><p>See <a href=\"#n4294835\" title=\"W1. Insurance contract revenue\">accounting policy W1</a>. </p><h3 class=\"table-title\">Insurance contract revenue </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Contracts not measured under the PAA </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts relating to changes in liabilities for remaining coverage: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Expected insurance claims, benefits and expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,797 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,852 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,649 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk for risk expired </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">21 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">170 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">191 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">106 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">361 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">466 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Other/ experience adjustments arising from premiums not relating to future service </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">72 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">70 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Recovery of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">23 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,019 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,387 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,406 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Contracts measured under the PAA </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,918 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,918 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance contract revenue </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,937 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,387 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,324 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Insurance contract revenue </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Contracts not measured under the PAA </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts relating to changes in liabilities for remaining coverage: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Expected insurance claims, benefits and expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,788 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,459 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,247 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Release of the risk adjustment for non-financial risk for risk expired </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">191 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">216 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- CSM recognised in profit or loss for services provided </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">143 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">312 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">456 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Other/ experience adjustments arising from premiums not relating to future service </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">66 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">84 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Recovery of insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,046 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,987 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,033 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Contracts measured under the PAA </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,567 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,567 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance contract revenue </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,614 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,987 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>9,601 </b></td></tr></tbody></table><br/><p>The increase in total insurance contract revenue was \u20ac\u00a0323 million in Non-life segment and \u20ac\u00a0400\u00a0million in the Life segment. </p><p>The insurance contract revenue related to the a.s.r. and Aegon NL post-employment benefit plans of \u20ac\u00a0254 million (2024: \u20ac\u00a0254 million) are not included in the life figures since these have been eliminated in the consolidation process. </p><h3 class=\"table-title\">Insurance Contract Revenue reconciliation </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notes to the consolidated balance sheet </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notes to the consolidated income statement </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notes to the consolidated balance sheet </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Notes to the consolidated income statement </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">7.5.13.1 Insurance contracts Non-Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,937 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,614 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">7.5.13.2 Insurance contracts Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,983 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,906 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">7.5.14.1 Life - Direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,404 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,081 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">7.6.1 Insurance contract revenue Non-Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,937 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,614 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">7.6.1 Insurance contract revenue Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,387 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,987 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,324 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,324 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>9,601 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>9,601 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4294521\"><span class=\"number\">7.6.4 </span><span class=\"title-text\">Direct investment income </span></h1><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><h3 class=\"table-title\">Direct investment income </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from investments at FVTPL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,053 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,160 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,837 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,449 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from debt instruments at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">191 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">184 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total interest income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,080 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,793 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dividends received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">431 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">385 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment income related to direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Rental income from investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">137 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">144 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total dividend and other investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>758 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>558 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total direct investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,838 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,351 </b></td></tr></tbody></table><br/><p>Interest income increased mainly due to lower variable interest rates on receiver swaps compared to last year. </p><p>For equity instruments measured at FVOCI, dividends received during the year amount to \u20ac\u00a073 million (2024: \u20ac\u00a061 million), of which \u20ac\u00a011 million (2024: \u20ac\u00a08 million) relates to instruments derecognised during the year. </p><p>The effective interest method has been applied to an amount of \u20ac\u00a0191 million (2024: \u20ac\u00a0184 million) of the interest income from financial instruments measured at amortised cost. Included within interest income is nil (2024: nil) of interest received on impaired fixed-income securities. </p><p>The interest income from interest derivatives and interest expenses on interest derivatives (see <a href=\"#n4294362\" title=\"Other finance expenses\">section 7.6.8</a>) is not netted in the income statement. However, the net interest result on interest derivatives amounts to \u20ac\u00a0358 million (2024: \u20ac\u00a054 million). In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of interest income and interest expenses on derivates is harmonised, resulting in an increase of interest income and interest expenses for derivatives of the same amount, with no impact on the total result. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294541\"><span class=\"number\">7.6.5 </span><span class=\"title-text\">Net fair value gains (and losses) </span></h1><p>See accounting policy <a href=\"#n4295110\" title=\"D. Investment property\">D</a> and <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Net fair value gains (and losses) per category </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net fair value gains (and losses) on financial instruments measured at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">347 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">219 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-48 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,479 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-441 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">210 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-109 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">123 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">58 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">32 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-681 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">982 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">87 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investments related to direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">802 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,218 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,892 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-253 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and cash equivalents </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,310 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,250 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net fair value gains (and losses) on financial instruments not measured at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net foreign exchange gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derecognition of financial assets at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derecognition of financial liabilities at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other net fair value gains (and losses) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property, property for own use and plant </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">212 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">211 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>212 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>211 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net fair value gains (and losses) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,093 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,459 </b></td></tr></tbody></table><br/><p>Net fair value gains and losses mainly arise from movements in interest rates and revaluations, and includes fair value gains and losses on assets as well as realised gains and losses on derivatives. Net fair value gains and losses for investments related to direct participating insurance contracts are mainly due to movements in stock market prices as well as movements in interest rates. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294580\"><span class=\"number\">7.6.7 </span><span class=\"title-text\">Net finance income and expenses from (re)insurance contracts </span></h1><p>See <a href=\"#n4294863\" title=\"W4. Insurance finance income and expenses\">accounting policy W4</a>. </p><p>The table on the next page shows the sources of finance income and expenses recognised in profit or loss and other comprehensive income in relation to the total net finance expenses from (re)insurance contracts. </p><h3 class=\"table-title\">Investment and (re)insurance finance result current period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-Life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life GMM </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life VFA </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Other </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">517 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7,851 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">309 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,838 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-166 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,715 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">802 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,093 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">76 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">107 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>383 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,213 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>963 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,854 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-259 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,534 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,793 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">113 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,654 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,767 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-65 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-162 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,071 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-370 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,538 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-50 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-43 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-36 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>227 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,241 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,355 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Investment and (re)insurance finance result prior period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2024 </b></th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Non-Life </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life GMM </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life VFA </b></th><th class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Other </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">480 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,424 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">436 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,351 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">203 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,068 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,218 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,459 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>740 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,671 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,229 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,054 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-312 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,023 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,360 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-323 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-275 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-67 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-71 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-272 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,414 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,072 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,757 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>26 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>478 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,273 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>157 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,322 </b></td></tr></tbody></table><br/><p>See <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a> for more information regarding net fair value gains (and losses). </p><p>Amounts recognised in other comprehensive income relate to revaluation of equity instruments held at FVOCI. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294381\"><span class=\"number\">7.6.9 </span><span class=\"title-text\">Fee income </span></h1><h3 class=\"table-title\">Fee income </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset management for third parties </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">100 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">144 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other fee income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">489 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">374 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total fee income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>589 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>518 </b></td></tr></tbody></table><br/><p>Other fee income mainly relates to the fee income from the Distribution and Services entities including fee income earned by HumanTotalCare following the acquisition of the remaining 55% share, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5. </a></p><h1 class=\"S_PARAGRAPH\" id=\"n4294406\"><span class=\"number\">7.6.10 </span><span class=\"title-text\">Other income </span></h1><h3 class=\"table-title\">Other income </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Proceeds from sales of property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Realised gains on derecognition of associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">35 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revenues generated by wind farms and solar parks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">43 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revenues projects </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">66 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">35 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>189 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>107 </b></td></tr></tbody></table><br/><p>Other income increased compared to 2024, mainly due to a revaluation of a property development project and pro-rata VAT deductions. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18495": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294491\"><span class=\"number\">7.6.2 </span><span class=\"title-text\">Insurance service expenses </span></h1><p>See <a href=\"#n4294849\" title=\"W2. Insurance service expenses\">accounting policy W2</a>. </p><p>Total insurance service expenses increased by \u20ac\u00a0766 million to \u20ac\u00a09,475 million comprising claims and benefits (\u20ac\u00a0757 million increase) and insurance service operating expenses (\u20ac\u00a09 million increase). The increase in insurance service expenses was \u20ac\u00a0404 million in the Non-life segment and \u20ac\u00a0362 million in the Life segment. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294506\"><span class=\"number\">7.6.3 </span><span class=\"title-text\">Net result from reinsurance contracts </span></h1><p>See <a href=\"#n4294835\" title=\"W1. Insurance contract revenue\">accounting policy W1</a>. </p><h3 class=\"table-title\">Net result from reinsurance contracts </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Allocation of reinsurance premiums paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-820 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-679 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recoverable from reinsurers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">725 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">566 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in amounts recoverable arising from changes in liability for incurred claims </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net result from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-102 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-101 </b></td></tr></tbody></table><br/><h1 class=\"S_PARAGRAPH\" id=\"n4294580\"><span class=\"number\">7.6.7 </span><span class=\"title-text\">Net finance income and expenses from (re)insurance contracts </span></h1><p>See <a href=\"#n4294863\" title=\"W4. Insurance finance income and expenses\">accounting policy W4</a>. </p><p>The table on the next page shows the sources of finance income and expenses recognised in profit or loss and other comprehensive income in relation to the total net finance expenses from (re)insurance contracts. </p><h3 class=\"table-title\">Investment and (re)insurance finance result current period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-Life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life GMM </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life VFA </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Other </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">517 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7,851 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">309 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,838 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-166 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,715 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">802 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,093 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">76 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">107 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>383 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,213 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>963 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,854 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-259 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,534 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,793 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">113 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,654 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,767 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-65 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-162 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,071 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-370 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,538 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-50 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-43 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-36 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>227 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,241 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,355 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Investment and (re)insurance finance result prior period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2024 </b></th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Non-Life </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life GMM </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life VFA </b></th><th class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Other </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">480 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,424 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">436 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,351 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">203 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,068 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,218 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,459 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>740 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,671 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,229 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,054 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-312 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,023 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,360 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-323 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-275 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-67 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-71 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-272 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,414 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,072 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,757 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>26 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>478 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,273 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>157 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,322 </b></td></tr></tbody></table><br/><p>See <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a> for more information regarding net fair value gains (and losses). </p><p>Amounts recognised in other comprehensive income relate to revaluation of equity instruments held at FVOCI. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294362\"><span class=\"number\">7.6.8 </span><span class=\"title-text\">Other finance expenses </span></h1><h3 class=\"table-title\">Breakdown of the other finance expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other finance expenses on financial liabilities not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-98 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-115 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-144 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-179 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-95 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-149 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other finance expenses on other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-175 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-176 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,475 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,395 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance or fee expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance expenses on assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other finance expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-6,029 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,031 </b></td></tr></tbody></table><br/><p>Other finance expenses increased by \u20ac\u00a01,997 million mainly due to higher expenses on derivative contracts. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of interest income and interest expenses on derivates is harmonised, resulting in an increase of interest income and interest expenses for derivatives of the same amount, with no impact on the total result. The interest income on derivatives are disclosed in <a href=\"#n4294521\" title=\"Direct investment income\">section 7.6.4</a>. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294425\"><span class=\"number\">7.6.11 </span><span class=\"title-text\">Operating and other expenses </span></h1><h3 class=\"table-title\">Operating and other expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Salaries and wages </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-615 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-567 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Social security contributions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-81 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefit charges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-115 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-113 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee discounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-33 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cost of own staff </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-854 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-797 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost of external staff </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-188 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-204 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Consultancy costs and fees </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-221 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-209 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Marketing, advertising and public relations expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Technology and system costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-155 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-165 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of other intangible assets (chapter 7.5.1) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-47 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Depreciation of property, plant and equipment (chapter 7.5.2) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Restructuring provision expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-27 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Commission expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-805 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-789 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Costs associated with sale of development property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Operating expenses of wind farms and solar parks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments on non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Realised losses on derecognition of associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts attributed to insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows recognised in profit or loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Presentation of the operating and other expenses in the income statement </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total operating expenses are presented in the following income statement line items: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,359 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,350 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-215 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-205 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-864 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-821 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Segmentation of a.s.r.'s internal workforce </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Segments </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,764 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,728 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">899 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">752 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">771 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution and Services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,743 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,436 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Holding and Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,580 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,687 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total workforce </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,689 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,373 </b></td></tr></tbody></table><br/><p>The average number of of employees working for a.s.r. in 2025 is 7,669 FTE (2024: 7,526 FTE). </p><p>Employees related to administrative activities and overhead are allocated to segment Holding and Other. </p><p>During 2025, a.s.r.'s workforce increased, which is primarily driven by the acquisition of HumanTotalCare on 1 October, adding 1,428 FTE to a.s.r.'s workforce. </p><p>The following fees for the financial years have been charged by the Group's auditor to a.s.r. and its subsidiaries, on an accrual basis (excluding VAT). </p><p>Consultancy cost and fees include the Auditor's fee. For information on Auditor's fees see the table below: </p><h3 class=\"table-title\">Auditor's fees </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">Other auditor </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit of the financial statements </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">15.2 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">15.9 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit-related services </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">2.3 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1.2 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">2.3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total audit fees </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>17.5 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>1.2 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>18.2 </b></td></tr></tbody></table><br/><p>Fees for audit engagements include fees paid for the audit of the consolidated and company financial statements, interim reports and other reports. </p><p>In the above-mentioned years the fees relate to the network of the Group's auditor. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294451\"><span class=\"number\">7.6.12 </span><span class=\"title-text\">Income tax expense </span></h1><h3 class=\"table-title\">Income tax (expense) / gain </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Current taxes for the current period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-199 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-95 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Current taxes referring to previous periods </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">156 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total current tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-172 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>62 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred taxes arising from current period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-448 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total deferred tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>41 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-448 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total income tax (expense) / gain </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-131 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-387 </b></td></tr></tbody></table><br/><p>The expected income tax expense is determined by applying the tax rate in the Netherlands to the result before tax. In 2025, this rate was 25.8% (2024: 25.8%). The enacted tax rate for 2026 will be 25.8%. </p><p>The impact of the current tax to previous periods is to a highly extent set off in the deferred taxes arising from current period. </p><h3 class=\"table-title\">Reconciliation of expected income tax (expense) / gain with the actual income tax (expense) / gain </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Result before tax from continuing operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">696 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,464 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Current tax rates </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25,8% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,8% </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Expected income tax expense </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-180 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-378 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Effects of: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax on interest on other equity instruments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">21 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax-exempt dividend </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax-exempt capital gains </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax-exempt associates and joint ventures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax-exempt other income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Adjustments for taxes due on previous financial years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other effects </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-16 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total income tax (expense) / gain </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-131 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-387 </b></td></tr></tbody></table><br/><p>The result is almost entirely earned and taxable in the Netherlands. </p><p>The effective income tax rate is 18.8% (2024: 26.4%). The decrease of the effective income tax rate is mostly driven by the decrease of the result before tax from continuing operations, while the total impact from tax exempt items increased, resulting in a relatively larger impact from tax exempt items on the effective income tax rate. </p><div class=\"header header-2\">International Tax Reform \u2013 Pillar II Model rules (Amendments to IAS 12) </div><p>The EU Directive Pillar Two, implemented in the Netherlands as the '<i>Wet minimum belasting</i>', and is effective for accounting periods beginning on or after 1 January 2024, applies to multinational enterprises and large-scale domestic groups with consolidated revenues of \u20ac\u00a0750 million or more in at least two out of the last four years. These revenues, as defined by the OECD, include any form of income and are therefore not limited to revenue recognised in accordance with IFRS 15.\u00a0a.s.r. operates in the Netherlands as a large-scale domestic group and should, in principle, be subject to the top-up tax rules under Pilar 2. a.s.r. has determined that any top-up tax due under Pillar 2 is an income tax within the scope of IAS 12 and accounts for it as a current tax when it is incurred. </p><p>However, a.s.r. has assessed the potential exposure to Pillar 2 and does not expect the impact of the Pillar 2 income taxes to be material. This is because a.s.r. can rely on: </p><ul><li><p>The domestic group exemption during the first five years after the Pillar 2 legislation comes into effect; and </p></li><li><p>The Transitional CbCR Safe Harbour rules during the first three years after the Pillar 2 legislation comes into effect, which allows a.s.r. to reduce the top-up tax to zero. </p></li></ul><p>Although a.s.r. could reduce any top-up tax to zero during the first five years by applying a combination of the domestic group exemption and the Transitional CbCR Safe Harbour rules, a.s.r. notes that it applies the temporary mandatory relief from recognising and disclosing information about deferred taxes related to Pillar 2 income taxes. </p><p>a.s.r. will continue to monitor the developments of Pillar 2 legislation, the applicability of the domestic group exemption, and the applicability of the CbCR Safe Harbour rules on the Group's financial position. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18578": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294521\"><span class=\"number\">7.6.4 </span><span class=\"title-text\">Direct investment income </span></h1><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><h3 class=\"table-title\">Direct investment income </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from investments at FVTPL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,053 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,160 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,837 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,449 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from debt instruments at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">191 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">184 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total interest income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,080 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,793 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dividends received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">431 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">385 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment income related to direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Rental income from investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">137 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">144 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total dividend and other investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>758 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>558 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total direct investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,838 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,351 </b></td></tr></tbody></table><br/><p>Interest income increased mainly due to lower variable interest rates on receiver swaps compared to last year. </p><p>For equity instruments measured at FVOCI, dividends received during the year amount to \u20ac\u00a073 million (2024: \u20ac\u00a061 million), of which \u20ac\u00a011 million (2024: \u20ac\u00a08 million) relates to instruments derecognised during the year. </p><p>The effective interest method has been applied to an amount of \u20ac\u00a0191 million (2024: \u20ac\u00a0184 million) of the interest income from financial instruments measured at amortised cost. Included within interest income is nil (2024: nil) of interest received on impaired fixed-income securities. </p><p>The interest income from interest derivatives and interest expenses on interest derivatives (see <a href=\"#n4294362\" title=\"Other finance expenses\">section 7.6.8</a>) is not netted in the income statement. However, the net interest result on interest derivatives amounts to \u20ac\u00a0358 million (2024: \u20ac\u00a054 million). In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of interest income and interest expenses on derivates is harmonised, resulting in an increase of interest income and interest expenses for derivatives of the same amount, with no impact on the total result. </p><h1 class=\"S_PARAGRAPH\" id=\"n4295269\"><span class=\"number\">7.7.10 </span><span class=\"title-text\">Profit appropriation </span></h1><p>The EB will propose to the AGM to distribute a final dividend of \u20ac\u00a0438 million in dividend on ordinary shares over 2025. Including the interim dividend of \u20ac\u00a0262 million the total dividends to shareholder amount to \u20ac\u00a0700 million. The remaining result will be transferred to retained earnings in accordance with Article 37 of the Articles of Association of a.s.r. </p><h1 class=\"S_PARAGRAPH\" id=\"n4293368\"><span class=\"number\">7.9.3 </span><span class=\"title-text\">Additional information  <br/></span></h1><div class=\"header header-2\">1. Capital Market transactions </div><p>In the first quarter of 2025, a.s.r. successfully issued \u20ac\u00a0500\u00a0million in Subordinated Restricted Tier 1 securities, carrying a fixed coupon of 6.5% per annum until the first reset date in 2035. The net proceeds from this issue were mainly used to repurchase \u20ac\u00a0500\u00a0million of the a.s.r. 5.125% Tier 2 notes. </p><div class=\"header header-2\">2. Share buyback programme </div><p>At the beginning of 2025, a.s.r. announced its share buyback program of \u20ac\u00a0125 million. This was completed in May 2025. In total, 2,403,923 shares of a.s.r. have been repurchased at an average price of \u20ac\u00a052.00 per share. </p><p>In June 2025, a.s.r. repurchased 300 thousand shares under an open market share buyback programme of \u20ac\u00a08 million (average share price was \u20ac\u00a055.14). This was part of the employee share purchase plans. The repurchase was completed in July 2025. </p><p>In the third quarter of 2025, a.s.r. repurchased 1,875,000 shares in the accelerated bookbuild by Aegon Ltd. (Aegon) that took place on 2 September 2025. This represents 15% of the offering. At the offer price of \u20ac\u00a056.00 per share the repurchase amounted to a total amount of \u20ac\u00a0105 million. a.s.r. intends to propose cancelation of the repurchased shares at the next Annual General Meeting (AGM). </p><div class=\"header header-2\">3. Dividend </div><p>a.s.r. has proposed a total dividend of \u20ac\u00a03.41 per share over the full year 2025 (2024: \u20ac\u00a03.12 per share). Taking into account the interim dividend of \u20ac\u00a01.27 per share, the final dividend amounts to \u20ac\u00a02.14 per share. The final dividend amounts to \u20ac\u00a0438 million based on the number of shares per 31 December 2025. a.s.r. maintains a progressive dividend policy which increases dividend by mid to high single digit annual growth until (and including) 2026. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18579": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294521\"><span class=\"number\">7.6.4 </span><span class=\"title-text\">Direct investment income </span></h1><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><h3 class=\"table-title\">Direct investment income </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from investments at FVTPL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,053 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,160 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,837 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,449 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from debt instruments at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">191 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">184 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total interest income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,080 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,793 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dividends received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">431 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">385 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment income related to direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Rental income from investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">137 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">144 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total dividend and other investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>758 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>558 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total direct investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,838 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,351 </b></td></tr></tbody></table><br/><p>Interest income increased mainly due to lower variable interest rates on receiver swaps compared to last year. </p><p>For equity instruments measured at FVOCI, dividends received during the year amount to \u20ac\u00a073 million (2024: \u20ac\u00a061 million), of which \u20ac\u00a011 million (2024: \u20ac\u00a08 million) relates to instruments derecognised during the year. </p><p>The effective interest method has been applied to an amount of \u20ac\u00a0191 million (2024: \u20ac\u00a0184 million) of the interest income from financial instruments measured at amortised cost. Included within interest income is nil (2024: nil) of interest received on impaired fixed-income securities. </p><p>The interest income from interest derivatives and interest expenses on interest derivatives (see <a href=\"#n4294362\" title=\"Other finance expenses\">section 7.6.8</a>) is not netted in the income statement. However, the net interest result on interest derivatives amounts to \u20ac\u00a0358 million (2024: \u20ac\u00a054 million). In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of interest income and interest expenses on derivates is harmonised, resulting in an increase of interest income and interest expenses for derivatives of the same amount, with no impact on the total result. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294541\"><span class=\"number\">7.6.5 </span><span class=\"title-text\">Net fair value gains (and losses) </span></h1><p>See accounting policy <a href=\"#n4295110\" title=\"D. Investment property\">D</a> and <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Net fair value gains (and losses) per category </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net fair value gains (and losses) on financial instruments measured at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">347 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">219 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-48 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,479 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-441 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">210 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-109 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">123 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">58 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">32 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-681 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">982 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">87 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investments related to direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">802 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,218 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,892 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-253 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and cash equivalents </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,310 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,250 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net fair value gains (and losses) on financial instruments not measured at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net foreign exchange gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derecognition of financial assets at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derecognition of financial liabilities at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other net fair value gains (and losses) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property, property for own use and plant </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">212 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">211 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>212 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>211 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net fair value gains (and losses) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,093 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,459 </b></td></tr></tbody></table><br/><p>Net fair value gains and losses mainly arise from movements in interest rates and revaluations, and includes fair value gains and losses on assets as well as realised gains and losses on derivatives. Net fair value gains and losses for investments related to direct participating insurance contracts are mainly due to movements in stock market prices as well as movements in interest rates. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294580\"><span class=\"number\">7.6.7 </span><span class=\"title-text\">Net finance income and expenses from (re)insurance contracts </span></h1><p>See <a href=\"#n4294863\" title=\"W4. Insurance finance income and expenses\">accounting policy W4</a>. </p><p>The table on the next page shows the sources of finance income and expenses recognised in profit or loss and other comprehensive income in relation to the total net finance expenses from (re)insurance contracts. </p><h3 class=\"table-title\">Investment and (re)insurance finance result current period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-Life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life GMM </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life VFA </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Other </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">517 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7,851 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">309 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,838 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-166 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,715 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">802 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,093 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">76 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">107 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>383 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,213 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>963 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,854 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-259 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,534 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,793 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">113 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,654 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,767 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-65 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-162 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,071 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-370 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,538 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-50 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-43 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-36 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>227 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,241 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,355 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Investment and (re)insurance finance result prior period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2024 </b></th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Non-Life </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life GMM </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life VFA </b></th><th class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Other </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">480 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,424 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">436 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,351 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">203 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,068 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,218 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,459 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>740 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,671 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,229 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,054 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-312 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,023 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,360 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-323 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-275 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-67 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-71 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-272 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,414 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,072 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,757 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>26 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>478 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,273 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>157 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,322 </b></td></tr></tbody></table><br/><p>See <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a> for more information regarding net fair value gains (and losses). </p><p>Amounts recognised in other comprehensive income relate to revaluation of equity instruments held at FVOCI. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18580": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294521\"><span class=\"number\">7.6.4 </span><span class=\"title-text\">Direct investment income </span></h1><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><h3 class=\"table-title\">Direct investment income </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from investments at FVTPL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,053 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,160 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,837 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,449 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from debt instruments at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">191 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">184 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total interest income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,080 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,793 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dividends received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">431 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">385 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment income related to direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Rental income from investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">137 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">144 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total dividend and other investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>758 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>558 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total direct investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,838 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,351 </b></td></tr></tbody></table><br/><p>Interest income increased mainly due to lower variable interest rates on receiver swaps compared to last year. </p><p>For equity instruments measured at FVOCI, dividends received during the year amount to \u20ac\u00a073 million (2024: \u20ac\u00a061 million), of which \u20ac\u00a011 million (2024: \u20ac\u00a08 million) relates to instruments derecognised during the year. </p><p>The effective interest method has been applied to an amount of \u20ac\u00a0191 million (2024: \u20ac\u00a0184 million) of the interest income from financial instruments measured at amortised cost. Included within interest income is nil (2024: nil) of interest received on impaired fixed-income securities. </p><p>The interest income from interest derivatives and interest expenses on interest derivatives (see <a href=\"#n4294362\" title=\"Other finance expenses\">section 7.6.8</a>) is not netted in the income statement. However, the net interest result on interest derivatives amounts to \u20ac\u00a0358 million (2024: \u20ac\u00a054 million). In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of interest income and interest expenses on derivates is harmonised, resulting in an increase of interest income and interest expenses for derivatives of the same amount, with no impact on the total result. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294541\"><span class=\"number\">7.6.5 </span><span class=\"title-text\">Net fair value gains (and losses) </span></h1><p>See accounting policy <a href=\"#n4295110\" title=\"D. Investment property\">D</a> and <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Net fair value gains (and losses) per category </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net fair value gains (and losses) on financial instruments measured at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">347 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">219 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-48 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">50 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,479 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-441 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">210 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-109 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">123 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">58 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">32 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-681 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">982 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-307 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">87 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investments related to direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">802 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,218 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,892 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-253 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cash and cash equivalents </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,310 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,250 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net fair value gains (and losses) on financial instruments not measured at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net foreign exchange gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derecognition of financial assets at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derecognition of financial liabilities at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other net fair value gains (and losses) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property, property for own use and plant </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">212 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">211 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>212 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>211 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net fair value gains (and losses) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,093 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,459 </b></td></tr></tbody></table><br/><p>Net fair value gains and losses mainly arise from movements in interest rates and revaluations, and includes fair value gains and losses on assets as well as realised gains and losses on derivatives. Net fair value gains and losses for investments related to direct participating insurance contracts are mainly due to movements in stock market prices as well as movements in interest rates. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294562\"><span class=\"number\">7.6.6 </span><span class=\"title-text\">Impairments </span></h1><p>See accounting policy <a href=\"#n4295091\" title=\"C. Intangible assets\">C</a> and <a href=\"#n4295125\" title=\"E. Financial assets and financial liabilities\">E</a>. </p><h3 class=\"table-title\">Impairments </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:74%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Intangible assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property, plant and equipment </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Financial assets at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total impairments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-18 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Impairments are presented in the following income statement line items: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total impairments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-18 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2 </b></td></tr></tbody></table><br/><p>In 2025, the impairment on intangible assets related to an impairment of \u20ac\u00a010 million in segment Asset Management and \u20ac\u00a06 million in segment Non-life, see <a href=\"#n4293852\" title=\"Intangible assets\">section 7.5.1</a>. </p><p>For more information regarding loss allowance see <a href=\"#n4295891\" title=\"Expected credit loss\">section 7.8.4.7</a>. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294580\"><span class=\"number\">7.6.7 </span><span class=\"title-text\">Net finance income and expenses from (re)insurance contracts </span></h1><p>See <a href=\"#n4294863\" title=\"W4. Insurance finance income and expenses\">accounting policy W4</a>. </p><p>The table on the next page shows the sources of finance income and expenses recognised in profit or loss and other comprehensive income in relation to the total net finance expenses from (re)insurance contracts. </p><h3 class=\"table-title\">Investment and (re)insurance finance result current period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-Life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life GMM </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life VFA </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Other </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">517 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7,851 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">309 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,838 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-166 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,715 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">802 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,093 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">76 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">107 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>383 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,213 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>963 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,854 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-259 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,534 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,793 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">113 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,654 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,767 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-65 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-162 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,071 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-370 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,538 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-50 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-43 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-36 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>227 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,241 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,355 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Investment and (re)insurance finance result prior period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2024 </b></th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Non-Life </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life GMM </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life VFA </b></th><th class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Other </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">480 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,424 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">436 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,351 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">203 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,068 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,218 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,459 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>740 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,671 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,229 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,054 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-312 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,023 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,360 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-323 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-275 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-67 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-71 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-272 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,414 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,072 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,757 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>26 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>478 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,273 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>157 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,322 </b></td></tr></tbody></table><br/><p>See <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a> for more information regarding net fair value gains (and losses). </p><p>Amounts recognised in other comprehensive income relate to revaluation of equity instruments held at FVOCI. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294362\"><span class=\"number\">7.6.8 </span><span class=\"title-text\">Other finance expenses </span></h1><h3 class=\"table-title\">Breakdown of the other finance expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other finance expenses on financial liabilities not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-98 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-115 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-144 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-179 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-95 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-149 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other finance expenses on other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-175 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-176 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,475 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,395 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance or fee expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance expenses on assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other finance expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-6,029 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,031 </b></td></tr></tbody></table><br/><p>Other finance expenses increased by \u20ac\u00a01,997 million mainly due to higher expenses on derivative contracts. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of interest income and interest expenses on derivates is harmonised, resulting in an increase of interest income and interest expenses for derivatives of the same amount, with no impact on the total result. The interest income on derivatives are disclosed in <a href=\"#n4294521\" title=\"Direct investment income\">section 7.6.4</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18581": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294521\"><span class=\"number\">7.6.4 </span><span class=\"title-text\">Direct investment income </span></h1><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><h3 class=\"table-title\">Direct investment income </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from investments at FVTPL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,053 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,160 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,837 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,449 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from debt instruments at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">191 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">184 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total interest income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,080 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,793 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dividends received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">431 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">385 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment income related to direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Rental income from investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">137 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">144 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total dividend and other investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>758 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>558 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total direct investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,838 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,351 </b></td></tr></tbody></table><br/><p>Interest income increased mainly due to lower variable interest rates on receiver swaps compared to last year. </p><p>For equity instruments measured at FVOCI, dividends received during the year amount to \u20ac\u00a073 million (2024: \u20ac\u00a061 million), of which \u20ac\u00a011 million (2024: \u20ac\u00a08 million) relates to instruments derecognised during the year. </p><p>The effective interest method has been applied to an amount of \u20ac\u00a0191 million (2024: \u20ac\u00a0184 million) of the interest income from financial instruments measured at amortised cost. Included within interest income is nil (2024: nil) of interest received on impaired fixed-income securities. </p><p>The interest income from interest derivatives and interest expenses on interest derivatives (see <a href=\"#n4294362\" title=\"Other finance expenses\">section 7.6.8</a>) is not netted in the income statement. However, the net interest result on interest derivatives amounts to \u20ac\u00a0358 million (2024: \u20ac\u00a054 million). In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of interest income and interest expenses on derivates is harmonised, resulting in an increase of interest income and interest expenses for derivatives of the same amount, with no impact on the total result. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294580\"><span class=\"number\">7.6.7 </span><span class=\"title-text\">Net finance income and expenses from (re)insurance contracts </span></h1><p>See <a href=\"#n4294863\" title=\"W4. Insurance finance income and expenses\">accounting policy W4</a>. </p><p>The table on the next page shows the sources of finance income and expenses recognised in profit or loss and other comprehensive income in relation to the total net finance expenses from (re)insurance contracts. </p><h3 class=\"table-title\">Investment and (re)insurance finance result current period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-Life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life GMM </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life VFA </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Other </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">517 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7,851 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">309 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,838 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-166 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,715 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">802 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,093 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">76 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">107 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>383 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,213 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>963 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,854 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-259 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,534 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,793 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">113 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,654 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,767 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-65 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-162 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,071 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-370 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,538 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-50 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-43 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-36 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>227 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,241 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,355 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Investment and (re)insurance finance result prior period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2024 </b></th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Non-Life </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life GMM </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life VFA </b></th><th class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Other </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">480 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,424 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">436 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,351 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">203 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,068 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,218 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,459 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>740 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,671 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,229 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,054 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-312 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,023 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,360 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-323 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-275 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-67 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-71 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-272 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,414 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,072 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,757 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>26 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>478 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,273 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>157 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,322 </b></td></tr></tbody></table><br/><p>See <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a> for more information regarding net fair value gains (and losses). </p><p>Amounts recognised in other comprehensive income relate to revaluation of equity instruments held at FVOCI. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i18582": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294521\"><span class=\"number\">7.6.4 </span><span class=\"title-text\">Direct investment income </span></h1><p>See accounting policy <a href=\"#n4294909\" title=\"W3. Investment income\">W3</a>. </p><h3 class=\"table-title\">Direct investment income </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from investments at FVTPL </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,053 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,160 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,837 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,449 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income from debt instruments at amortised cost </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">191 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">184 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total interest income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,080 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,793 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dividends received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">431 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">385 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment income related to direct participating insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Rental income from investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">137 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">144 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total dividend and other investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>758 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>558 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total direct investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,838 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,351 </b></td></tr></tbody></table><br/><p>Interest income increased mainly due to lower variable interest rates on receiver swaps compared to last year. </p><p>For equity instruments measured at FVOCI, dividends received during the year amount to \u20ac\u00a073 million (2024: \u20ac\u00a061 million), of which \u20ac\u00a011 million (2024: \u20ac\u00a08 million) relates to instruments derecognised during the year. </p><p>The effective interest method has been applied to an amount of \u20ac\u00a0191 million (2024: \u20ac\u00a0184 million) of the interest income from financial instruments measured at amortised cost. Included within interest income is nil (2024: nil) of interest received on impaired fixed-income securities. </p><p>The interest income from interest derivatives and interest expenses on interest derivatives (see <a href=\"#n4294362\" title=\"Other finance expenses\">section 7.6.8</a>) is not netted in the income statement. However, the net interest result on interest derivatives amounts to \u20ac\u00a0358 million (2024: \u20ac\u00a054 million). In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of interest income and interest expenses on derivates is harmonised, resulting in an increase of interest income and interest expenses for derivatives of the same amount, with no impact on the total result. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294580\"><span class=\"number\">7.6.7 </span><span class=\"title-text\">Net finance income and expenses from (re)insurance contracts </span></h1><p>See <a href=\"#n4294863\" title=\"W4. Insurance finance income and expenses\">accounting policy W4</a>. </p><p>The table on the next page shows the sources of finance income and expenses recognised in profit or loss and other comprehensive income in relation to the total net finance expenses from (re)insurance contracts. </p><h3 class=\"table-title\">Investment and (re)insurance finance result current period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-Life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life GMM </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life VFA </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Other </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">517 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7,851 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">309 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,838 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-166 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,715 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">802 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,093 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">76 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">107 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>383 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,213 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>963 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,854 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-259 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,534 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,793 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">113 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,654 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,767 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-65 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-162 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,071 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-370 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,538 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-50 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-43 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-36 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>227 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,241 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,355 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Investment and (re)insurance finance result prior period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2024 </b></th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Non-Life </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life GMM </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life VFA </b></th><th class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Other </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">480 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,424 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">436 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,351 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">203 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,068 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,218 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,459 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>740 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,671 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,229 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,054 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-312 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,023 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,360 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-323 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-275 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-67 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-71 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-272 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,414 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,072 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,757 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>26 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>478 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,273 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>157 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,322 </b></td></tr></tbody></table><br/><p>See <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a> for more information regarding net fair value gains (and losses). </p><p>Amounts recognised in other comprehensive income relate to revaluation of equity instruments held at FVOCI. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294362\"><span class=\"number\">7.6.8 </span><span class=\"title-text\">Other finance expenses </span></h1><h3 class=\"table-title\">Breakdown of the other finance expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other finance expenses on financial liabilities not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-98 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-115 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-144 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-179 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-95 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-149 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other finance expenses on other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-175 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-176 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,475 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,395 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance or fee expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance expenses on assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other finance expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-6,029 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,031 </b></td></tr></tbody></table><br/><p>Other finance expenses increased by \u20ac\u00a01,997 million mainly due to higher expenses on derivative contracts. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of interest income and interest expenses on derivates is harmonised, resulting in an increase of interest income and interest expenses for derivatives of the same amount, with no impact on the total result. The interest income on derivatives are disclosed in <a href=\"#n4294521\" title=\"Direct investment income\">section 7.6.4</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19080": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294580\"><span class=\"number\">7.6.7 </span><span class=\"title-text\">Net finance income and expenses from (re)insurance contracts </span></h1><p>See <a href=\"#n4294863\" title=\"W4. Insurance finance income and expenses\">accounting policy W4</a>. </p><p>The table on the next page shows the sources of finance income and expenses recognised in profit or loss and other comprehensive income in relation to the total net finance expenses from (re)insurance contracts. </p><h3 class=\"table-title\">Investment and (re)insurance finance result current period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-Life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life GMM </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life VFA </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Other </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">517 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7,851 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">309 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,838 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-166 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,715 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">802 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,093 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">76 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">107 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>383 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,213 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>963 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,854 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-259 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,534 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,793 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">113 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,654 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,767 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-65 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-162 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,071 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-370 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,538 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-50 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-43 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-36 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>227 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,241 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,355 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Investment and (re)insurance finance result prior period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2024 </b></th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Non-Life </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life GMM </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life VFA </b></th><th class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Other </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">480 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,424 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">436 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,351 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">203 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,068 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,218 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,459 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>740 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,671 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,229 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,054 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-312 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,023 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,360 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-323 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-275 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-67 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-71 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-272 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,414 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,072 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,757 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>26 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>478 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,273 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>157 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,322 </b></td></tr></tbody></table><br/><p>See <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a> for more information regarding net fair value gains (and losses). </p><p>Amounts recognised in other comprehensive income relate to revaluation of equity instruments held at FVOCI. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294362\"><span class=\"number\">7.6.8 </span><span class=\"title-text\">Other finance expenses </span></h1><h3 class=\"table-title\">Breakdown of the other finance expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other finance expenses on financial liabilities not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-98 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-115 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-144 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-179 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-95 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-149 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other finance expenses on other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-175 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-176 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,475 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,395 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance or fee expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance expenses on assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other finance expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-6,029 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,031 </b></td></tr></tbody></table><br/><p>Other finance expenses increased by \u20ac\u00a01,997 million mainly due to higher expenses on derivative contracts. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of interest income and interest expenses on derivates is harmonised, resulting in an increase of interest income and interest expenses for derivatives of the same amount, with no impact on the total result. The interest income on derivatives are disclosed in <a href=\"#n4294521\" title=\"Direct investment income\">section 7.6.4</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19083": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294580\"><span class=\"number\">7.6.7 </span><span class=\"title-text\">Net finance income and expenses from (re)insurance contracts </span></h1><p>See <a href=\"#n4294863\" title=\"W4. Insurance finance income and expenses\">accounting policy W4</a>. </p><p>The table on the next page shows the sources of finance income and expenses recognised in profit or loss and other comprehensive income in relation to the total net finance expenses from (re)insurance contracts. </p><h3 class=\"table-title\">Investment and (re)insurance finance result current period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Non-Life </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life GMM </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Life VFA </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Other </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">517 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7,851 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">160 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">309 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,838 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-166 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,715 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">802 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4,093 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">76 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">107 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>383 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,213 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>963 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,854 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-936 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">565 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-259 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,534 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,793 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">113 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,654 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,767 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-65 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-162 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,071 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-370 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,538 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-50 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-43 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-36 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>227 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,241 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>592 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,355 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Investment and (re)insurance finance result prior period </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:35%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><b>2024 </b></th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Non-Life </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life GMM </b></th><th class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Life VFA </b></th><th class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Other </b></th><th class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Direct investment income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">480 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,424 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">436 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,351 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net fair value gains (and losses) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">203 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,068 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,218 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,459 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net impairment (loss)/reversal on financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total investment income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>740 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,671 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,229 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,054 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in fair value of underlying items of direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,232 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effects of risk mitigation option </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">180 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-312 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,023 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,360 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of changes in interest rates and other financial assumptions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-323 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-275 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Effect of measuring changes in estimates at current rates and adjusting the CSM at rates on initial recognition </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-67 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-71 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance expenses from insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-272 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,414 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-3,072 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-5,757 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest accreted </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">20 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total net finance income from reinsurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>10 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>16 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>26 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>478 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,273 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>157 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>414 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,322 </b></td></tr></tbody></table><br/><p>See <a href=\"#n4294541\" title=\"Net fair value gains (and losses)\">section 7.6.5</a> for more information regarding net fair value gains (and losses). </p><p>Amounts recognised in other comprehensive income relate to revaluation of equity instruments held at FVOCI. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294362\"><span class=\"number\">7.6.8 </span><span class=\"title-text\">Other finance expenses </span></h1><h3 class=\"table-title\">Breakdown of the other finance expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other finance expenses on financial liabilities not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-98 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-115 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-144 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-179 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-95 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-149 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other finance expenses on other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-175 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-176 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,475 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,395 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance or fee expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance expenses on assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other finance expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-6,029 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,031 </b></td></tr></tbody></table><br/><p>Other finance expenses increased by \u20ac\u00a01,997 million mainly due to higher expenses on derivative contracts. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of interest income and interest expenses on derivates is harmonised, resulting in an increase of interest income and interest expenses for derivatives of the same amount, with no impact on the total result. The interest income on derivatives are disclosed in <a href=\"#n4294521\" title=\"Direct investment income\">section 7.6.4</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19151": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294362\"><span class=\"number\">7.6.8 </span><span class=\"title-text\">Other finance expenses </span></h1><h3 class=\"table-title\">Breakdown of the other finance expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other finance expenses on financial liabilities not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-98 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-115 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-144 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-179 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-95 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-149 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other finance expenses on other liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-175 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-176 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,475 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,395 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance or fee expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other finance expenses on assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other finance expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-6,029 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-4,031 </b></td></tr></tbody></table><br/><p>Other finance expenses increased by \u20ac\u00a01,997 million mainly due to higher expenses on derivative contracts. In 2025, following the integration of Aegon life's derivatives portfolio towards a.s.r.'s target system for investments, presentation of interest income and interest expenses on derivates is harmonised, resulting in an increase of interest income and interest expenses for derivatives of the same amount, with no impact on the total result. The interest income on derivatives are disclosed in <a href=\"#n4294521\" title=\"Direct investment income\">section 7.6.4</a>. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19181": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294381\"><span class=\"number\">7.6.9 </span><span class=\"title-text\">Fee income </span></h1><h3 class=\"table-title\">Fee income </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset management for third parties </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">100 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">144 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other fee income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">489 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">374 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total fee income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>589 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>518 </b></td></tr></tbody></table><br/><p>Other fee income mainly relates to the fee income from the Distribution and Services entities including fee income earned by HumanTotalCare following the acquisition of the remaining 55% share, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5. </a></p><h1 class=\"S_PARAGRAPH\" id=\"n4294425\"><span class=\"number\">7.6.11 </span><span class=\"title-text\">Operating and other expenses </span></h1><h3 class=\"table-title\">Operating and other expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Salaries and wages </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-615 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-567 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Social security contributions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-81 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefit charges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-115 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-113 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee discounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-33 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cost of own staff </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-854 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-797 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost of external staff </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-188 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-204 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Consultancy costs and fees </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-221 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-209 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Marketing, advertising and public relations expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Technology and system costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-155 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-165 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of other intangible assets (chapter 7.5.1) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-47 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Depreciation of property, plant and equipment (chapter 7.5.2) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Restructuring provision expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-27 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Commission expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-805 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-789 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Costs associated with sale of development property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Operating expenses of wind farms and solar parks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments on non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Realised losses on derecognition of associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts attributed to insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows recognised in profit or loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Presentation of the operating and other expenses in the income statement </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total operating expenses are presented in the following income statement line items: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,359 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,350 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-215 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-205 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-864 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-821 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Segmentation of a.s.r.'s internal workforce </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Segments </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,764 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,728 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">899 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">752 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">771 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution and Services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,743 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,436 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Holding and Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,580 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,687 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total workforce </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,689 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,373 </b></td></tr></tbody></table><br/><p>The average number of of employees working for a.s.r. in 2025 is 7,669 FTE (2024: 7,526 FTE). </p><p>Employees related to administrative activities and overhead are allocated to segment Holding and Other. </p><p>During 2025, a.s.r.'s workforce increased, which is primarily driven by the acquisition of HumanTotalCare on 1 October, adding 1,428 FTE to a.s.r.'s workforce. </p><p>The following fees for the financial years have been charged by the Group's auditor to a.s.r. and its subsidiaries, on an accrual basis (excluding VAT). </p><p>Consultancy cost and fees include the Auditor's fee. For information on Auditor's fees see the table below: </p><h3 class=\"table-title\">Auditor's fees </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">Other auditor </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit of the financial statements </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">15.2 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">15.9 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit-related services </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">2.3 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1.2 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">2.3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total audit fees </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>17.5 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>1.2 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>18.2 </b></td></tr></tbody></table><br/><p>Fees for audit engagements include fees paid for the audit of the consolidated and company financial statements, interim reports and other reports. </p><p>In the above-mentioned years the fees relate to the network of the Group's auditor. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19183": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294381\"><span class=\"number\">7.6.9 </span><span class=\"title-text\">Fee income </span></h1><h3 class=\"table-title\">Fee income </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset management for third parties </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">100 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">144 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other fee income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">489 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">374 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total fee income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>589 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>518 </b></td></tr></tbody></table><br/><p>Other fee income mainly relates to the fee income from the Distribution and Services entities including fee income earned by HumanTotalCare following the acquisition of the remaining 55% share, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5. </a></p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19220": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294406\"><span class=\"number\">7.6.10 </span><span class=\"title-text\">Other income </span></h1><h3 class=\"table-title\">Other income </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Proceeds from sales of property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Realised gains on derecognition of associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">35 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revenues generated by wind farms and solar parks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">43 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revenues projects </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">66 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">35 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>189 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>107 </b></td></tr></tbody></table><br/><p>Other income increased compared to 2024, mainly due to a revaluation of a property development project and pro-rata VAT deductions. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19221": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294406\"><span class=\"number\">7.6.10 </span><span class=\"title-text\">Other income </span></h1><h3 class=\"table-title\">Other income </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Proceeds from sales of property developments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">33 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Realised gains on derecognition of associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">35 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revenues generated by wind farms and solar parks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">43 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revenues projects </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">66 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">35 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total other income </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>189 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>107 </b></td></tr></tbody></table><br/><p>Other income increased compared to 2024, mainly due to a revaluation of a property development project and pro-rata VAT deductions. </p><h1 class=\"S_PARAGRAPH\" id=\"n4294425\"><span class=\"number\">7.6.11 </span><span class=\"title-text\">Operating and other expenses </span></h1><h3 class=\"table-title\">Operating and other expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Salaries and wages </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-615 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-567 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Social security contributions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-81 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefit charges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-115 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-113 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee discounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-33 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cost of own staff </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-854 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-797 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost of external staff </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-188 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-204 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Consultancy costs and fees </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-221 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-209 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Marketing, advertising and public relations expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Technology and system costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-155 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-165 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of other intangible assets (chapter 7.5.1) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-47 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Depreciation of property, plant and equipment (chapter 7.5.2) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Restructuring provision expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-27 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Commission expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-805 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-789 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Costs associated with sale of development property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Operating expenses of wind farms and solar parks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments on non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Realised losses on derecognition of associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts attributed to insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows recognised in profit or loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Presentation of the operating and other expenses in the income statement </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total operating expenses are presented in the following income statement line items: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,359 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,350 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-215 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-205 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-864 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-821 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Segmentation of a.s.r.'s internal workforce </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Segments </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,764 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,728 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">899 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">752 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">771 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution and Services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,743 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,436 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Holding and Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,580 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,687 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total workforce </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,689 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,373 </b></td></tr></tbody></table><br/><p>The average number of of employees working for a.s.r. in 2025 is 7,669 FTE (2024: 7,526 FTE). </p><p>Employees related to administrative activities and overhead are allocated to segment Holding and Other. </p><p>During 2025, a.s.r.'s workforce increased, which is primarily driven by the acquisition of HumanTotalCare on 1 October, adding 1,428 FTE to a.s.r.'s workforce. </p><p>The following fees for the financial years have been charged by the Group's auditor to a.s.r. and its subsidiaries, on an accrual basis (excluding VAT). </p><p>Consultancy cost and fees include the Auditor's fee. For information on Auditor's fees see the table below: </p><h3 class=\"table-title\">Auditor's fees </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">Other auditor </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit of the financial statements </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">15.2 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">15.9 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit-related services </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">2.3 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1.2 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">2.3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total audit fees </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>17.5 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>1.2 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>18.2 </b></td></tr></tbody></table><br/><p>Fees for audit engagements include fees paid for the audit of the consolidated and company financial statements, interim reports and other reports. </p><p>In the above-mentioned years the fees relate to the network of the Group's auditor. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19434": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294425\"><span class=\"number\">7.6.11 </span><span class=\"title-text\">Operating and other expenses </span></h1><h3 class=\"table-title\">Operating and other expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Salaries and wages </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-615 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-567 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Social security contributions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-81 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefit charges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-115 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-113 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee discounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-33 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cost of own staff </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-854 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-797 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost of external staff </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-188 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-204 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Consultancy costs and fees </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-221 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-209 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Marketing, advertising and public relations expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Technology and system costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-155 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-165 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of other intangible assets (chapter 7.5.1) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-47 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Depreciation of property, plant and equipment (chapter 7.5.2) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Restructuring provision expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-27 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Commission expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-805 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-789 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Costs associated with sale of development property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Operating expenses of wind farms and solar parks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments on non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Realised losses on derecognition of associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts attributed to insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows recognised in profit or loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Presentation of the operating and other expenses in the income statement </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total operating expenses are presented in the following income statement line items: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,359 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,350 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-215 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-205 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-864 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-821 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Segmentation of a.s.r.'s internal workforce </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Segments </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,764 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,728 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">899 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">752 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">771 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution and Services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,743 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,436 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Holding and Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,580 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,687 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total workforce </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,689 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,373 </b></td></tr></tbody></table><br/><p>The average number of of employees working for a.s.r. in 2025 is 7,669 FTE (2024: 7,526 FTE). </p><p>Employees related to administrative activities and overhead are allocated to segment Holding and Other. </p><p>During 2025, a.s.r.'s workforce increased, which is primarily driven by the acquisition of HumanTotalCare on 1 October, adding 1,428 FTE to a.s.r.'s workforce. </p><p>The following fees for the financial years have been charged by the Group's auditor to a.s.r. and its subsidiaries, on an accrual basis (excluding VAT). </p><p>Consultancy cost and fees include the Auditor's fee. For information on Auditor's fees see the table below: </p><h3 class=\"table-title\">Auditor's fees </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">Other auditor </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit of the financial statements </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">15.2 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">15.9 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit-related services </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">2.3 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1.2 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">2.3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total audit fees </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>17.5 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>1.2 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>18.2 </b></td></tr></tbody></table><br/><p>Fees for audit engagements include fees paid for the audit of the consolidated and company financial statements, interim reports and other reports. </p><p>In the above-mentioned years the fees relate to the network of the Group's auditor. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19435": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294425\"><span class=\"number\">7.6.11 </span><span class=\"title-text\">Operating and other expenses </span></h1><h3 class=\"table-title\">Operating and other expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Salaries and wages </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-615 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-567 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Social security contributions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-81 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefit charges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-115 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-113 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee discounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-33 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cost of own staff </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-854 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-797 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost of external staff </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-188 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-204 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Consultancy costs and fees </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-221 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-209 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Marketing, advertising and public relations expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Technology and system costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-155 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-165 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of other intangible assets (chapter 7.5.1) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-47 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Depreciation of property, plant and equipment (chapter 7.5.2) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Restructuring provision expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-27 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Commission expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-805 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-789 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Costs associated with sale of development property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Operating expenses of wind farms and solar parks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments on non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Realised losses on derecognition of associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts attributed to insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows recognised in profit or loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Presentation of the operating and other expenses in the income statement </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total operating expenses are presented in the following income statement line items: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,359 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,350 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-215 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-205 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-864 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-821 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Segmentation of a.s.r.'s internal workforce </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Segments </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,764 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,728 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">899 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">752 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">771 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution and Services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,743 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,436 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Holding and Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,580 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,687 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total workforce </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,689 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,373 </b></td></tr></tbody></table><br/><p>The average number of of employees working for a.s.r. in 2025 is 7,669 FTE (2024: 7,526 FTE). </p><p>Employees related to administrative activities and overhead are allocated to segment Holding and Other. </p><p>During 2025, a.s.r.'s workforce increased, which is primarily driven by the acquisition of HumanTotalCare on 1 October, adding 1,428 FTE to a.s.r.'s workforce. </p><p>The following fees for the financial years have been charged by the Group's auditor to a.s.r. and its subsidiaries, on an accrual basis (excluding VAT). </p><p>Consultancy cost and fees include the Auditor's fee. For information on Auditor's fees see the table below: </p><h3 class=\"table-title\">Auditor's fees </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">Other auditor </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit of the financial statements </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">15.2 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">15.9 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit-related services </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">2.3 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1.2 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">2.3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total audit fees </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>17.5 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>1.2 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>18.2 </b></td></tr></tbody></table><br/><p>Fees for audit engagements include fees paid for the audit of the consolidated and company financial statements, interim reports and other reports. </p><p>In the above-mentioned years the fees relate to the network of the Group's auditor. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19438": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294425\"><span class=\"number\">7.6.11 </span><span class=\"title-text\">Operating and other expenses </span></h1><h3 class=\"table-title\">Operating and other expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Salaries and wages </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-615 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-567 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Social security contributions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-81 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefit charges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-115 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-113 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee discounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-33 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cost of own staff </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-854 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-797 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost of external staff </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-188 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-204 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Consultancy costs and fees </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-221 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-209 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Marketing, advertising and public relations expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Technology and system costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-155 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-165 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of other intangible assets (chapter 7.5.1) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-47 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Depreciation of property, plant and equipment (chapter 7.5.2) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Restructuring provision expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-27 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Commission expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-805 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-789 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Costs associated with sale of development property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Operating expenses of wind farms and solar parks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments on non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Realised losses on derecognition of associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts attributed to insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows recognised in profit or loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Presentation of the operating and other expenses in the income statement </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total operating expenses are presented in the following income statement line items: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,359 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,350 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-215 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-205 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-864 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-821 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Segmentation of a.s.r.'s internal workforce </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Segments </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,764 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,728 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">899 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">752 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">771 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution and Services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,743 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,436 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Holding and Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,580 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,687 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total workforce </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,689 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,373 </b></td></tr></tbody></table><br/><p>The average number of of employees working for a.s.r. in 2025 is 7,669 FTE (2024: 7,526 FTE). </p><p>Employees related to administrative activities and overhead are allocated to segment Holding and Other. </p><p>During 2025, a.s.r.'s workforce increased, which is primarily driven by the acquisition of HumanTotalCare on 1 October, adding 1,428 FTE to a.s.r.'s workforce. </p><p>The following fees for the financial years have been charged by the Group's auditor to a.s.r. and its subsidiaries, on an accrual basis (excluding VAT). </p><p>Consultancy cost and fees include the Auditor's fee. For information on Auditor's fees see the table below: </p><h3 class=\"table-title\">Auditor's fees </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">Other auditor </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit of the financial statements </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">15.2 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">15.9 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit-related services </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">2.3 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1.2 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">2.3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total audit fees </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>17.5 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>1.2 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>18.2 </b></td></tr></tbody></table><br/><p>Fees for audit engagements include fees paid for the audit of the consolidated and company financial statements, interim reports and other reports. </p><p>In the above-mentioned years the fees relate to the network of the Group's auditor. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19440": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294425\"><span class=\"number\">7.6.11 </span><span class=\"title-text\">Operating and other expenses </span></h1><h3 class=\"table-title\">Operating and other expenses </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Salaries and wages </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-615 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-567 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Social security contributions </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-90 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-81 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee benefit charges </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-115 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-113 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Employee discounts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other short-term employee benefits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-33 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total cost of own staff </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-854 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-797 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost of external staff </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-188 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-204 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Consultancy costs and fees </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-221 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-209 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Marketing, advertising and public relations expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-25 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-19 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Technology and system costs </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-155 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-165 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation of other intangible assets (chapter 7.5.1) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-78 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-47 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Depreciation of property, plant and equipment (chapter 7.5.2) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-29 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Restructuring provision expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-27 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Commission expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-805 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-789 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Costs associated with sale of development property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Operating expenses of wind farms and solar parks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments on non-financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-19 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Realised losses on derecognition of associates and joint ventures at equity method </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amounts attributed to insurance acquisition cash flows </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance acquisition cash flows recognised in profit or loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Presentation of the operating and other expenses in the income statement </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total operating expenses are presented in the following income statement line items: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance service operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,359 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,350 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment operating expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-215 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-205 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-864 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-821 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total operating and other expenses </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,437 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-2,376 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Segmentation of a.s.r.'s internal workforce </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Segments </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,764 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,728 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">899 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">752 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset Management </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">771 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Distribution and Services </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,743 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,436 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Holding and Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,580 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,687 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total workforce </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,689 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>7,373 </b></td></tr></tbody></table><br/><p>The average number of of employees working for a.s.r. in 2025 is 7,669 FTE (2024: 7,526 FTE). </p><p>Employees related to administrative activities and overhead are allocated to segment Holding and Other. </p><p>During 2025, a.s.r.'s workforce increased, which is primarily driven by the acquisition of HumanTotalCare on 1 October, adding 1,428 FTE to a.s.r.'s workforce. </p><p>The following fees for the financial years have been charged by the Group's auditor to a.s.r. and its subsidiaries, on an accrual basis (excluding VAT). </p><p>Consultancy cost and fees include the Auditor's fee. For information on Auditor's fees see the table below: </p><h3 class=\"table-title\">Auditor's fees </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">Other auditor </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">KPMG </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit of the financial statements </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">15.2 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">15.9 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Audit-related services </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">2.3 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1.2 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">2.3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total audit fees </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>17.5 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>1.2 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>18.2 </b></td></tr></tbody></table><br/><p>Fees for audit engagements include fees paid for the audit of the consolidated and company financial statements, interim reports and other reports. </p><p>In the above-mentioned years the fees relate to the network of the Group's auditor. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19552": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4294451\"><span class=\"number\">7.6.12 </span><span class=\"title-text\">Income tax expense </span></h1><h3 class=\"table-title\">Income tax (expense) / gain </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Current taxes for the current period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-199 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-95 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Current taxes referring to previous periods </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">26 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">156 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total current tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-172 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>62 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Deferred taxes arising from current period </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">41 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-448 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total deferred tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>41 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-448 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total income tax (expense) / gain </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-131 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-387 </b></td></tr></tbody></table><br/><p>The expected income tax expense is determined by applying the tax rate in the Netherlands to the result before tax. In 2025, this rate was 25.8% (2024: 25.8%). The enacted tax rate for 2026 will be 25.8%. </p><p>The impact of the current tax to previous periods is to a highly extent set off in the deferred taxes arising from current period. </p><h3 class=\"table-title\">Reconciliation of expected income tax (expense) / gain with the actual income tax (expense) / gain </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Result before tax from continuing operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">696 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,464 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Current tax rates </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25,8% </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,8% </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Expected income tax expense </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-180 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-378 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Effects of: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax on interest on other equity instruments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">21 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax-exempt dividend </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax-exempt capital gains </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax-exempt associates and joint ventures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Tax-exempt other income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Adjustments for taxes due on previous financial years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other effects </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-16 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total income tax (expense) / gain </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-131 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-387 </b></td></tr></tbody></table><br/><p>The result is almost entirely earned and taxable in the Netherlands. </p><p>The effective income tax rate is 18.8% (2024: 26.4%). The decrease of the effective income tax rate is mostly driven by the decrease of the result before tax from continuing operations, while the total impact from tax exempt items increased, resulting in a relatively larger impact from tax exempt items on the effective income tax rate. </p><div class=\"header header-2\">International Tax Reform \u2013 Pillar II Model rules (Amendments to IAS 12) </div><p>The EU Directive Pillar Two, implemented in the Netherlands as the '<i>Wet minimum belasting</i>', and is effective for accounting periods beginning on or after 1 January 2024, applies to multinational enterprises and large-scale domestic groups with consolidated revenues of \u20ac\u00a0750 million or more in at least two out of the last four years. These revenues, as defined by the OECD, include any form of income and are therefore not limited to revenue recognised in accordance with IFRS 15.\u00a0a.s.r. operates in the Netherlands as a large-scale domestic group and should, in principle, be subject to the top-up tax rules under Pilar 2. a.s.r. has determined that any top-up tax due under Pillar 2 is an income tax within the scope of IAS 12 and accounts for it as a current tax when it is incurred. </p><p>However, a.s.r. has assessed the potential exposure to Pillar 2 and does not expect the impact of the Pillar 2 income taxes to be material. This is because a.s.r. can rely on: </p><ul><li><p>The domestic group exemption during the first five years after the Pillar 2 legislation comes into effect; and </p></li><li><p>The Transitional CbCR Safe Harbour rules during the first three years after the Pillar 2 legislation comes into effect, which allows a.s.r. to reduce the top-up tax to zero. </p></li></ul><p>Although a.s.r. could reduce any top-up tax to zero during the first five years by applying a combination of the domestic group exemption and the Transitional CbCR Safe Harbour rules, a.s.r. notes that it applies the temporary mandatory relief from recognising and disclosing information about deferred taxes related to Pillar 2 income taxes. </p><p>a.s.r. will continue to monitor the developments of Pillar 2 legislation, the applicability of the domestic group exemption, and the applicability of the CbCR Safe Harbour rules on the Group's financial position. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i19554": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4295297\"><span class=\"number\">7.7.1 </span><span class=\"title-text\">Fair value of assets and liabilities </span></h1><p>See accounting <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">policy B</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295313\"><span class=\"number\">7.7.1.1 </span><span class=\"title-text\">Financial assets and liabilities measured at fair value </span></h1><h3 class=\"table-title\">Breakdown of financial assets measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,102 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,043 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,946 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">317 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,263 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9,693 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,003 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,696 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,162 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">640 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">584 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,308 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,532 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">913 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24,821 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,375 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8,433 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>27,239 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>10,280 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>36,447 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>73,966 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments related to direct participating insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,057 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,057 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,630 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,630 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,702 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,702 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">527 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">527 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">407 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">457 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">95 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">959 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-411 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-411 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,028 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16,028 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,753 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,753 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">241 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">241 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,813 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,815 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>30,637 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>289 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,376 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>33,302 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments at FVOCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,436 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,491 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">130 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">135 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,448 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>130 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>60 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,638 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial assets measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,722 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">700 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">34 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">47 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">250 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>44 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,860 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,905 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,989 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,709 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>62,358 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>27,279 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,883 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>128,520 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial liabilities measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14,999 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">163 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Caps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">152 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">27 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,451 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,451 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>15,453 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial assets measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments at FVTPL </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments - own risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,428 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,031 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">64 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">562 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">639 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14,516 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,259 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">15,774 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,854 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">767 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,621 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,023 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">740 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">720 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">608 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,068 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">553 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">25,398 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,535 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">19 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9,584 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>25,704 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>12,346 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>37,070 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>75,119 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments related to direct participating insurance contracts </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">243 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">352 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">352 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Debt equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Government bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,373 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,373 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Corporate bonds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,375 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,375 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Asset-backed securities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">333 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">333 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investment funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">299 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">224 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">373 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">896 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-31 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">104 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16,078 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16,078 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,421 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,421 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">245 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">245 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,493 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,124 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,617 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>28,850 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,697 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,478 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>33,025 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial assets measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Investments at FVOCI </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,643 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">53 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,696 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Preference shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">129 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">134 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,654 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>129 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>57 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,841 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">10,644 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">704 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">52 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">44 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">277 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>84 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,684 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,767 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash and cash equivalents </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">2,564 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">1,629 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">4,194 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>59,855 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>27,485 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>39,606 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>126,946 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial liabilities measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Derivatives </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Foreign exchange contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">189 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,334 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Options </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">49 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Futures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity index contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Inflation linked swaps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,663 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,663 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>8,666 </b></td></tr></tbody></table><br/><p>Cash and cash equivalents (excluding money market instruments) are classified as level 1 when not subject to restrictions. Money market instruments are classified as level 2. </p><h3 class=\"table-title\">Reclassification between categories </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>From </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 1: Fair value based on quoted prices in active market </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">119 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>119 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 2: Fair value based on observable market data </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">487 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>487 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 3: Fair value not based on observable market data </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><p>Debt instrument funds are adjusted from level 2 to level 1 (\u20ac\u00a0487 million) and from level 1 to level 2 (\u20ac\u00a0119 million). These movements are based respectively on increased and decreased observability of the inputs during the period. </p><h3 class=\"table-title\">Reclassification between categories </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>To level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>From </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 1: Fair value based on quoted prices in active market </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">73 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>73 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 2: Fair value based on observable market data </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">122 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>122 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Level 3: Fair value not based on observable market data </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td></tr></tbody></table><br/><p>Debt instrument funds are adjusted from level 2 to level 1 (\u20ac\u00a0122 million) and from level 1 to level 2 (\u20ac\u00a073 million). These movements are based respectively on increased and decreased observability of the inputs during the period. </p><p>The following two tables show the movement in financial assets measured at fair value including investments relating to direct participating insurance contracts and investment property that are categorised within level 3. </p><h3 class=\"table-title\">Changes in financial assets classified as FVOCI categorised within level 3 </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">62 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Unrealised gains and losses recognised in other comprehensive income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>60 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>57 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in financial assets at FVTPL categorised within level 3 </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">39,548 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37,424 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in value of investments, realised/unrealised gains and losses: </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">- Fair value gains and losses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-497 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,394 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,523 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,492 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disposals </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2,924 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,467 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,424 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2,193 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net transfer of real estate equity funds </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">178 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Exchange rate differences </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other changes </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-575 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-110 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>38,823 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>39,548 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total revaluations of investments, held at end of period, recognised in the income statement </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-474 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,381 </b></td></tr></tbody></table><br/><p>The net transfer of real estate equity funds relates to ASR DSPF. As per April 2025 a.s.r. lost control of ASR DSPF, see sections <a href=\"#n4293908\" title=\"Investment property\">7.5.3</a> and <a href=\"#n4293938\" title=\"Associates and joint ventures\">7.5.4</a>. </p><p>Other changes mainly relate to a reclassification of the savings part of savings mortgages of Aegon life from mortgage loans (level 3) to private loans (level 2) following harmonisation of the presentation of savings mortgages. </p><div class=\"header header-2\">Unobservable inputs used in determining the fair value for financial assets measured at fair value (recurring basis) that are categorised within level 3 </div><div class=\"header header-4\">Investments at FVOCI </div><p>The main non-observable market input for the equities classified as level 3 is the net asset value as published by the investee. It is estimated that a 10% increase in valuation of these equities would have no impact on net result due to the non-recycling nature of equity treatment, but would increase equity by \u20ac\u00a05 million (2024: \u20ac\u00a05 million), being approximately 0.1% (before tax) (2024: 0.1% (before tax)) of total equity. </p><div class=\"header header-4\">Investments at FVTPL </div><p>The mortgage loan portfolio is classified as level 3 'not measured on the basis of market observable data'. Non-observable market inputs are used in the valuation methods, in addition to the observable market inputs. The valuation method used to determine the fair value of the mortgage loan portfolio is based on the mortgage spread, adapted for a delayed response to interest rate movements, and of the risk-free interest rate curve and assumptions for unexpected full prepayments, originating costs, and the options related to early redemption and moving. In line with industry standards that were published in 2025, a.s.r. updated the mortgage spread model, reducing the volatility of the mortgage spreads used in the valuation. See <a href=\"#n4294012\" title=\"Investments at FVTPL\">section 7.5.5.1</a> for further details on the model update. </p><p>The mortgage loan portfolio consists of high-quality mortgages with a relatively fixed return, limited arrears. The mortgage loan portfolio consists only of Dutch mortgages with a limited counterparty default risk in line with the strategic investment plan, see <a href=\"#n4295846\" title=\"Counterparty default risk\">section 7.8.4</a>. </p><p>The fair value of asset-backed securities is based on quotes retrieved from brokers or data vendors. The quotes are validated monthly and challenged if deemed necessary. The fair value of securitisations are determined based on a discounted cash flow model in case market quotes are insufficiently liquid. </p><p>The main non-observable market input for the other investment funds classified as level 3 is the net asset value as published by the investee. It is estimated that a 10% increase in valuation of these equities would increase result before tax and equity by \u20ac\u00a0131 million (2024: \u20ac\u00a061 million), being approximately 1.3% (before tax) (2024: 0.6% (before tax)) of total equity. </p><p>The method of determining the fair value of the mortgage equity funds is based on the valuation of the underlying mortgage loans. The discounting curve used in this valuation is based on the two lowest tariffs in the market, excluding that of a.s.r. </p><p>The table on the next page discloses the sensitivities to non-observable market inputs for the real estate equity funds. </p><h3 class=\"table-title\">Unobservable and observable inputs used in determination of fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:25%;\"/><col style=\"width:9%;\"/><col style=\"width:15%;\"/><col style=\"width:7%;\"/><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-7 align-left colspan-7 headrow\" colspan=\"7\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Fair value </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Valuation technique </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Gross theoretical rental value (\u20ac) </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross yield (%) </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\"><b>Investments at fair value through profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Real estate equity funds associates </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,265 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">DCF </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">200,951,044 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Real estate equity funds third parties </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">838 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total real estate equity funds </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,102 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr></tbody></table><br/><h3 class=\"table-title\">Unobservable and observable inputs used in determination of fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:9%;\"/><col style=\"width:15%;\"/><col style=\"width:7%;\"/><col style=\"width:25%;\"/><col style=\"width:7%;\"/><col style=\"width:12%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-7 align-left colspan-7 headrow\" colspan=\"7\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Fair value </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Valuation technique </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Gross theoretical rental value (\u20ac) </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross yield (%) </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\"><b>Investments at fair value through profit or loss </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Real estate equity funds associates </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,485 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">DCF </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">118,027,068 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.4% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Real estate equity funds third parties </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,943 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total real estate equity funds </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,428 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr></tbody></table><br/><p>The significant inputs to the level 3 values of real estate equity funds associates are disclosed in <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">accounting policy B. </a></p><p>An increase (decrease) in the gross yield in isolation will result in a lower (higher) fair value of the real estate equity funds associates. An increase (decrease) in the theoretical rental value in isolation will result in a higher (lower) fair value. </p><p>The main non-observable market input for the real estate equity funds third parties is the net asset value as published by the investee. An increase or decrease in the net asset value of equities classified as level 3 will have a direct proportional impact on the fair value of the investment. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295332\"><span class=\"number\">7.7.1.2 </span><span class=\"title-text\">Financial assets and liabilities not measured at fair value </span></h1><h3 class=\"table-title\">Breakdown of financial assets and liabilities not measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-6 endCol-6 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 december 2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total carrying value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,479 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,479 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,529 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">8 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,876 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">607 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,483 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,483 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,876 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>607 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,487 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,970 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>8,020 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,695 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,695 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,503 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,202 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">120 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,322 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,301 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,344 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">766 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,110 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,110 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">50 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">622 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">672 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">672 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,394 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>6,285 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>120 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>9,799 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>9,585 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of financial assets and liabilities not measured at fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-6 endCol-6 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total carrying value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial assets </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,576 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,576 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Private loans </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">9 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial assets </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,559 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">494 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,053 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,053 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial assets not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,559 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>494 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,585 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,639 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,687 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Financial liabilities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Subordinated liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,205 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,205 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,007 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Borrowings </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,062 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">74 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,136 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,135 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,429 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">121 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,550 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,550 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">605 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">629 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">620 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total financial liabilities not measured at fair value </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,453 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,993 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>74 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,520 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>11,312 </b></td></tr></tbody></table><br/><p>The method of determining the fair value of the mortgage loans at amortised cost is the same to that of mortgage loans held at FVTPL. For information regarding the measurement of the fair value of the mortgage loans, see <a href=\"#n4295313\" title=\"Financial assets and liabilities measured at fair value\">section 7.7.1.1</a>. </p><p>Amounts due to banks classified as level 1 comprise the liability recognised for the cash collateral received. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295347\"><span class=\"number\">7.7.1.3 </span><span class=\"title-text\">Property (including land and buildings for own use and plant) </span></h1><h3 class=\"table-title\">Breakdown of the fair value of the investment property, land and buildings for own use and plant </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,220 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,220 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land and buildings for own use </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">143 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">143 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Plants </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">353 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">353 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,716 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,716 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Breakdown of the fair value of the investment property, land and buildings for own use and plant </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair value based on quoted prices in an active market </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair Value based on observable market data </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\"><b>Fair Value not based on observable market data </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right headrow\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 1 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 2 </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Level 3 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total fair value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,364 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,364 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Land and buildings for own use </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">164 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">164 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Plants </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">386 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">386 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\"><b>- </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,913 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,913 </b></td></tr></tbody></table><br/><p>The property portfolio is classified as a level 3 \u2018not measured on the basis of market observable market data\u2019. Non- observable market inputs are used in the valuation methods, in addition to the observable market inputs. The fair value measurement at reporting date is based on valuations by independent professional appraisers. These valuations have been performed annually, with quarterly updates, for the entire portfolio of investment property, buildings for own use and plant. Independent professional appraisers use reference transactions of comparable properties, in combination with the DCF and income capitalisation method, to determine the fair value of the property or plant. The reference transactions of comparable objects of the property portfolio are generally based on observable data consisting of the land register \u2018<i>Kadaster</i>\u2019 and the rural land price monitor as published by the Dutch Government \u2018<i>Grondprijsmonitor</i>\u2019 in an active property market. </p><p>The property has a relatively fixed return. The property portfolio is well diversified and consists of residential, retail, offices and rural property, throughout the Netherlands. The retail portfolio focusses on core retail locations with relative low vacancy rates. The following table shows a breakdown of the fair value and vacancy rates of the portfolio of investment property. </p><h3 class=\"table-title\">Breakdown of investment property </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:17%;\"/><col style=\"width:17%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-right border-bottom-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">Fair value </th><th class=\"valign-bottom startCol-4 endCol-5 align-right border-bottom-1 border-left-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;border-bottom:1px solid;\">Vacancy rate </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Retail </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">61 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">153 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2.4% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3.1% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Residential </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,678 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">2,512 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1.6% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">1.7% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Rural </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">244 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">220 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Offices </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">212 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">399 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">40.3% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">15.4% </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Property under development </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">67 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">100.0% </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1\" style=\"text-align:right;vertical-align:bottom;\">100.0% </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">Parking </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,220 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,364 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4.3% </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5.2% </b></td></tr></tbody></table><br/><p>The movements in plant and investment property measured at fair value (recurring basis) that are categorised within level 3 are presented in <a href=\"#n4293890\" title=\"Property, plant and equipment\">section 7.5.2</a> and <a href=\"#n4293908\" title=\"Investment property\">section 7.5.3</a>. </p><p>The significant inputs to the level 3 values of investment property are disclosed in <a href=\"#n4295072\" title=\"B. Fair value of assets and liabilities\">accounting policy B. </a></p><p>An increase (decrease) in the gross yield in isolation will result in a lower (higher) fair value of the investment property and land and buildings for own use. An increase (decrease) in the theoretical rental value in isolation will result in a higher (lower) fair value. </p><p>The significant unobservable and observable inputs to the Level 3 values of plant are the energy prices and market interest rates. An increase (decrease) of the discount rate will lead to a lower (higher) fair value measurement </p><p>The table below discloses the sensitivities to non-observable market inputs for the property portfolio (excluding property under development, parking and plant). </p><h3 class=\"table-title\">Unobservable and observable inputs used in determination of fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:26%;\"/><col style=\"width:15%;\"/><col style=\"width:16%;\"/><col style=\"width:11%;\"/><col style=\"width:15%;\"/><col style=\"width:9%;\"/><col style=\"width:8%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-7 align-left colspan-7 headrow\" colspan=\"7\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Fair value </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Valuation technique </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Gross theoretical rental value (\u20ac) </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross yield (%) </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\"><b>Investment property - Fair value model </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Retail </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">61 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,166,637 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">3.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">744,980 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">6.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">95,250 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">1.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Residential </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,678 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">110,074,304 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">4.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">5,733,508 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">12.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Rural </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">244 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">5,828,651 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2.4% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,351,106 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">3.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">13,336 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">1.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Offices </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">212 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">12,488,319 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">5.9% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">7,321,181 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">8.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Property under development </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">10 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Parking </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">13 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\"><b>Land and buildings for own use </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\"><b>143 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">10,509,850 </td><td class=\"valign-middle startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">7.3% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">8,966,945 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">13.6% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">1,542,905 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">7.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\"><b>Plant </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\"><b>353 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3,716 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr></tbody></table><br/><h3 class=\"table-title\">Unobservable and observable inputs used in determination of fair value </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:15%;\"/><col style=\"width:16%;\"/><col style=\"width:11%;\"/><col style=\"width:15%;\"/><col style=\"width:9%;\"/><col style=\"width:8%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-7 align-left colspan-7 headrow\" colspan=\"7\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Fair value </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Valuation technique </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b><br/>Gross theoretical rental value (\u20ac) </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Gross yield (%) </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\"><b>Investment property - Fair value model </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Retail </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">153 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">10,744,691 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">7.0% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1,871,288 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">11.6% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">104,781 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2.4% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Residential </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2,512 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">126,143,320 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">5.0% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">5,438,948 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">11.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">5,179 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2.6% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Rural </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">220 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">5,646,002 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2.6% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2,043,427 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">3.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">12,900 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Offices </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">399 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">19,446,857 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">4.9% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">6,440,939 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">9.5% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">60,128 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">3.4% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Property under development </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">67 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">Parking </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">13 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\"><b>Land and buildings for own use </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right border-left-1\" style=\"text-align:right;vertical-align:middle;\"><b>163 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:middle;\">DCF </td><td class=\"valign-middle startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:middle;\">total </td><td class=\"valign-middle startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:middle;\">14,465,170 </td><td class=\"valign-middle startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:middle;\">mean </td><td class=\"valign-middle startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:middle;\">9.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">8,663,755 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">max </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">22.1% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1,542,905 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">min </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">6.8% </td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:middle;\"><b>Plant </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right\" style=\"text-align:right;vertical-align:middle;\"><b>386 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>3,913 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i21580": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4295282\"><span class=\"number\">7.7.2 </span><span class=\"title-text\">Cash flows from operating activities </span></h1><h3 class=\"table-title\">Cash flows from operating activities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">(in \u20ac\u00a0millions) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash generated from operating activities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Result before tax from continuing and discontinued operations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">696 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,625 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Adjustments on non-cash items included in result: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revaluation through profit or loss </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,607 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">523 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Retained share of result of associates and joint ventures </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Depreciation and amortisation </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">150 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">113 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">28 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Addition to provision </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-25 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Changes in operating assets and liabilities: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net (increase) / decrease in investment property </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">96 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-86 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net (increase) / decrease in investments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-475 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,992 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net (increase) / decrease in investments related to direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">525 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">545 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net (increase) / decrease in derivatives </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-199 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-930 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net (increase) / decrease in savings deposits </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-102 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net (increase) / decrease in amounts due to banks </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,440 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">616 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net (increase) / decrease in reinsurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-48 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net increase / (decrease) in liabilities arising from insurance contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,761 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,007 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net increase / (decrease) in liabilities arising from direct participating contracts </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-611 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-658 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Net (increase) / decrease in other operating assets and liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3,033 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">780 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Income tax received (paid) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-32 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-102 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Cash flows from operating activities </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>-569 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>-699 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Further details on cash flows from operating activities: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">7,996 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,793 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest paid </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5,703 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3,587 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Dividend received </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">431 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">383 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Further details on lease payments: </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Total cash outflow for leases </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-15 </td></tr></tbody></table><br/>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i21861": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4295386\"><span class=\"number\">7.7.4 </span><span class=\"title-text\">Related party transactions </span></h1><p>A related party is a person or entity that has significant influence over another entity, or has the ability to affect the financial and operating policies of the other party. Parties related to a.s.r. include associates, joint ventures, key management personnel, close family members of any person referred to above, entities controlled or significantly influenced by any person referred to above and any other affiliated entity. </p><p>The Group regularly enters into transactions with related parties during the conduct of its business. These transactions mainly involve loans, deposits and commissions, and are conducted on terms equivalent to those that prevail in at arm's length transactions. </p><div class=\"header header-1\">Positions and transactions between a.s.r., associates, joint ventures and other related parties </div><p>The table below shows the financial scope of a.s.r.\u2019s related party transactions: </p><ul><li><p>Associates; </p></li><li><p>Joint ventures; </p></li><li><p>Aegon Ltd. and its group companies (since Aegon Ltd. has significant influence over a.s.r.). </p></li></ul><h3 class=\"table-title\">Related party transactions current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:16%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Associates </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Joint ventures </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Aegon Ltd. Group </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Balance sheet items with related parties as at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Loans and receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">45 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">48 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Transactions in the income statement for the financial year </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fee income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">64 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Operating and other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">62 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">62 </td></tr></tbody></table><br/><h3 class=\"table-title\">Related party transactions prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:16%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Associates </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Joint ventures </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Aegon Ltd. Group </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Balance sheet items with related parties as at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Loans and receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Transactions in the income statement for the financial year </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fee income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">39 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">61 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Operating and other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">80 </td></tr></tbody></table><br/><p>No provisions for impairments have been recognised on the loans and receivables for the years 2025 and 2024. </p><div class=\"header header-3\">Aegon Ltd. group </div><p>Aegon Ltd. has an exclusive right until 4 July 2028 to nominate up to two members of the Supervisory Board (if Aegon Ltd. holds more than 20% of the shares it may nominate two members, if it holds 20% or less but more than 10% of the shares it may nominate one member). In addition, Aegon Ltd. has the right to designate its nominees for the Audit and Risk Committee and the ESG Committee if certain conditions are met. Furthermore, in case the incumbent CEO of a.s.r. does not serve the full term due to earlier resignation or dismissal, the appointment of the successor requires the unanimous vote of all Supervisory Directors in office. </p><p>Transitional service agreements (TSAs) safeguard the availability of services between a.s.r. and Aegon Ltd. group (including its subsidiaries), during the integration of the Aegon entities obtained with the business combination of 2023, such as IT infrastructure and asset management services. Prices are determined on an at arm's length basis. To ensure full disentanglement from the Aegon Ltd. group over the integration period, strict timelines and a strong governance have been put in place. The amounts outstanding are unsecured and will be settled in cash. No guarantees have been given or received. </p><p>In September 2025, a.s.r. participated in the partial selldown of Aegon Ltd.'s position in a.s.r. Therefore, a.s.r. repurchased 1,875 thousand shares related to the accelerated bookbuild of Aegon Ltd. This repurchase represents a 15% participation in the offering by Aegon Ltd. for an amount of \u20ac\u00a0105 million (average share price \u20ac\u00a056.00). With the partial selldown, Aegon Ltd.'s shareholding in a.s.r. is reduced by 6% from 29.96% to approximately 24%. See <a href=\"#n4294247\" title=\"Treasury shares\">section 7.5.11.5</a> for more information. </p><p>The DB obligation of former Aegon NL classifies as multiple-employer contract. For more information, see <a href=\"#n4293704\" title=\"Post-employment benefits pensions\">section 7.5.15.1</a>. </p><p>In 2025, a.s.r. paid \u20ac\u00a0200 million dividend to Aegon Ltd. (2024: \u20ac\u00a0188 million). In 2025 a.s.r. received \u20ac\u00a055 million from Aegon Ltd. for tax settlement for the years 2022 and 2023, when Aegon Nederland was still part of the fiscal unity Aegon. </p><div class=\"header header-3\">Key management personnel </div><p>The remuneration of the key management personnel is disclosed in <a href=\"#n4295410\" title=\"Key management personnel remuneration\">section 7.7.5</a>. </p><p>The Management Board (MB) consists of 6 members. The three members of the Executive Board (EB) are also members of the MB. The members of the MB have mortgage loans with a.s.r. amounting to \u20ac\u00a02,529 thousand (2024: \u20ac\u00a02,282 thousand). The mortgages have been issued at arm's length conditions. For mortgage loans for personnel, issued before 1 January 2015, interest-rate discount under the normal employee conditions can be applicable. For one member of the MB this interest-rate discount is applicable. The interest-rate discount is reimbursed via the monthly salary payment and part of the fringe benefits, see <a href=\"#n4295410\" title=\"Key management personnel remuneration\">section 7.7.5</a>. The average interest on the mortgage loans for MB-members is 2.52% (2024: 2.44%). In 2025, the mortgage loans of MB-members were settled for an amount of \u20ac\u00a088 thousand (2024: \u20ac\u00a0131 thousand). The members of the Supervisory Board (SB) have no mortgage loans. </p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i21862": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4295386\"><span class=\"number\">7.7.4 </span><span class=\"title-text\">Related party transactions </span></h1><p>A related party is a person or entity that has significant influence over another entity, or has the ability to affect the financial and operating policies of the other party. Parties related to a.s.r. include associates, joint ventures, key management personnel, close family members of any person referred to above, entities controlled or significantly influenced by any person referred to above and any other affiliated entity. </p><p>The Group regularly enters into transactions with related parties during the conduct of its business. These transactions mainly involve loans, deposits and commissions, and are conducted on terms equivalent to those that prevail in at arm's length transactions. </p><div class=\"header header-1\">Positions and transactions between a.s.r., associates, joint ventures and other related parties </div><p>The table below shows the financial scope of a.s.r.\u2019s related party transactions: </p><ul><li><p>Associates; </p></li><li><p>Joint ventures; </p></li><li><p>Aegon Ltd. and its group companies (since Aegon Ltd. has significant influence over a.s.r.). </p></li></ul><h3 class=\"table-title\">Related party transactions current year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:16%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Associates </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Joint ventures </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Aegon Ltd. Group </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Balance sheet items with related parties as at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Loans and receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">45 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">48 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Transactions in the income statement for the financial year </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fee income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">44 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">64 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Operating and other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">62 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">62 </td></tr></tbody></table><br/><h3 class=\"table-title\">Related party transactions prior year </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:16%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Associates </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Joint ventures </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Aegon Ltd. Group </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total </th></tr></thead><tbody><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Balance sheet items with related parties as at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Loans and receivables </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">46 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Transactions in the income statement for the financial year </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fee income </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">39 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">61 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Operating and other expenses </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">78 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">80 </td></tr></tbody></table><br/><p>No provisions for impairments have been recognised on the loans and receivables for the years 2025 and 2024. </p><div class=\"header header-3\">Aegon Ltd. group </div><p>Aegon Ltd. has an exclusive right until 4 July 2028 to nominate up to two members of the Supervisory Board (if Aegon Ltd. holds more than 20% of the shares it may nominate two members, if it holds 20% or less but more than 10% of the shares it may nominate one member). In addition, Aegon Ltd. has the right to designate its nominees for the Audit and Risk Committee and the ESG Committee if certain conditions are met. Furthermore, in case the incumbent CEO of a.s.r. does not serve the full term due to earlier resignation or dismissal, the appointment of the successor requires the unanimous vote of all Supervisory Directors in office. </p><p>Transitional service agreements (TSAs) safeguard the availability of services between a.s.r. and Aegon Ltd. group (including its subsidiaries), during the integration of the Aegon entities obtained with the business combination of 2023, such as IT infrastructure and asset management services. Prices are determined on an at arm's length basis. To ensure full disentanglement from the Aegon Ltd. group over the integration period, strict timelines and a strong governance have been put in place. The amounts outstanding are unsecured and will be settled in cash. No guarantees have been given or received. </p><p>In September 2025, a.s.r. participated in the partial selldown of Aegon Ltd.'s position in a.s.r. Therefore, a.s.r. repurchased 1,875 thousand shares related to the accelerated bookbuild of Aegon Ltd. This repurchase represents a 15% participation in the offering by Aegon Ltd. for an amount of \u20ac\u00a0105 million (average share price \u20ac\u00a056.00). With the partial selldown, Aegon Ltd.'s shareholding in a.s.r. is reduced by 6% from 29.96% to approximately 24%. See <a href=\"#n4294247\" title=\"Treasury shares\">section 7.5.11.5</a> for more information. </p><p>The DB obligation of former Aegon NL classifies as multiple-employer contract. For more information, see <a href=\"#n4293704\" title=\"Post-employment benefits pensions\">section 7.5.15.1</a>. </p><p>In 2025, a.s.r. paid \u20ac\u00a0200 million dividend to Aegon Ltd. (2024: \u20ac\u00a0188 million). In 2025 a.s.r. received \u20ac\u00a055 million from Aegon Ltd. for tax settlement for the years 2022 and 2023, when Aegon Nederland was still part of the fiscal unity Aegon. </p><div class=\"header header-3\">Key management personnel </div><p>The remuneration of the key management personnel is disclosed in <a href=\"#n4295410\" title=\"Key management personnel remuneration\">section 7.7.5</a>. </p><p>The Management Board (MB) consists of 6 members. The three members of the Executive Board (EB) are also members of the MB. The members of the MB have mortgage loans with a.s.r. amounting to \u20ac\u00a02,529 thousand (2024: \u20ac\u00a02,282 thousand). The mortgages have been issued at arm's length conditions. For mortgage loans for personnel, issued before 1 January 2015, interest-rate discount under the normal employee conditions can be applicable. For one member of the MB this interest-rate discount is applicable. The interest-rate discount is reimbursed via the monthly salary payment and part of the fringe benefits, see <a href=\"#n4295410\" title=\"Key management personnel remuneration\">section 7.7.5</a>. The average interest on the mortgage loans for MB-members is 2.52% (2024: 2.44%). In 2025, the mortgage loans of MB-members were settled for an amount of \u20ac\u00a088 thousand (2024: \u20ac\u00a0131 thousand). The members of the Supervisory Board (SB) have no mortgage loans. </p><h1 class=\"S_PARAGRAPH\" id=\"n4295410\"><span class=\"number\">7.7.5 </span><span class=\"title-text\">Key management personnel remuneration </span></h1><p>Transactions with key management personnel (MB members and SB) are transactions with related parties. Additional information on the remuneration of members of the MB and SB is disclosed in the remuneration report; see <a href=\"#n4301877\" title=\"Remuneration report\">section 5.3</a>. </p><h3 class=\"table-title\">Annual remuneration Management Board </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Amounts in \u20ac\u00a0thousands </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Executive board </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">MB members </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Executive board </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">MB members </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Fixed compensation </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Base salary in cash </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,249 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,545 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,794 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,987 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,392 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,379 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Base salary in shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">773 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">154 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">928 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">713 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">145 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">858 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fringe benefits<sup class=\"footnote cShowTooltip\" title=\"Variations arise as a result of the fiscal treatment of lease vehicles depending on the price and private use of the car, personal allowance and social security.\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">84 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">86 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">170 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">82 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">77 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">159 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Extraordinary items<sup class=\"footnote cShowTooltip\" title=\"In 2025 and 2024, based on existing rights before the Aegon NL transaction, a number of Aegon Ltd. shares were settled in cash to MB members (former Aegon Ltd. employees).\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">51 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">51 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pension expense<sup class=\"footnote cShowTooltip\" title=\"The annual pension expenditure is based on a premium table. Further changes in the cost of pension benefits are mainly due to the impact of age. The pension costs include DC pensions based on maximum pensionable salary cap, compensation for the maximum pensionable salary cap (to be used for pensions at the employees\u2019 discretion), and VPL. The amount presented is excluding amounts related to the indexation of the defined benefit plan, as they are not expenses in the current year.\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">900 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">365 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,266 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">785 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">342 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,127 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total remuneration </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,007 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,194 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,201 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,567 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,007 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,574 </b></td></tr></tbody></table><ol class=\"footnotes width-50\"><li> Variations arise as a result of the fiscal treatment of lease vehicles depending on the price and private use of the car, personal allowance and social security. </li><li> In 2025 and 2024, based on existing rights before the Aegon NL transaction, a number of Aegon Ltd. shares were settled in cash to MB members (former Aegon Ltd. employees). </li><li> The annual pension expenditure is based on a premium table. Further changes in the cost of pension benefits are mainly due to the impact of age. The pension costs include DC pensions based on maximum pensionable salary cap, compensation for the maximum pensionable salary cap (to be used for pensions at the employees\u2019 discretion), and VPL. The amount presented is excluding amounts related to the indexation of the defined benefit plan, as they are not expenses in the current year. </li></ol><br/><p>In the table above, \u2018Executive Board\u2019 refers to the three members of the EB as at 31 December 2025 and 31 December 2024. </p><p>The total remuneration of the SB in 2025 amounts to \u20ac\u00a0564 thousand (2024: \u20ac\u00a0527 thousands). The total annual remuneration of key management personnel, consisting of all members of the MB and SB, amounts to \u20ac\u00a07,765 thousand (2024: \u20ac\u00a07,101 thousand). </p><p>The number of shares that are allocated (granted) for EB members is 8,680 shares and for MB members is 1,734 shares (2024: EB 5,051 shares and MB 2,004 shares). The shares are purchased by the EB and MB at a discount of 18.5%. The average grant price of the share is \u20ac\u00a044.99 (2024: \u20ac\u00a036.57), which is equal to the opening stock price on the Euronext Amsterdam stock exchange on the 1<sup>st</sup> trading day after the salary-payment date in each month in the period January to December 2025 (2024: January to December), taken into consideration the aforementioned discount. </p><p>The personnel conditions, e.g. discount on non-life insurance products, that apply to all personnel also apply to key management personnel. No discount is provided on life insurance products. </p><h1 class=\"S_PARAGRAPH\" id=\"n4295428\"><span class=\"number\">7.7.6 </span><span class=\"title-text\">Employee Share Purchase Plan </span></h1><p>In 2019 a.s.r. issued an employee share purchase plan (ESPP or \u2018the plan\u2019). a.s.r. employees are thereby given the opportunity to acquire a.s.r. shares at a discount. a.s.r. can suspend or withdraw the plan at any time. There is no option under the plan for either a.s.r. or the employee to settle in cash or other assets. Therefore the plan is an equity-settled share-based payments plan. </p><p>In 2023, a.s.r. has introduced the revised remuneration policy for EB and MB members, see <a href=\"#n4295410\" title=\"Key management personnel remuneration\">section 7.7.5. </a></p><p>Under the terms of the plan the granting and vesting is predefined. The grant date of the plan is the moment the employee registers to participate in the plan. The shares vest immediately on the transaction date when cash is received from the employee, unconditionally, subject only to a post-vesting transfer restriction of five years. Otherwise, there are no specific restrictions to the share (i.e. voting power, dividend restrictions). </p><p>The employees purchase the shares at a discount of 18.5%. The fair value of the a.s.r. share with a lock-up of five years at the grant date equals the purchased price by the employee. The ESPP has an impact on equity through the adjustment in the treasury shares and retained earnings. See <a href=\"#n4294247\" title=\"Treasury shares\">section 7.5.11.5</a> Treasury shares for more information. </p><p>The number of shares purchased by employees during the reporting period was 235 thousand for an amount of \u20ac\u00a011 million (2024: 268 thousand for an amount of \u20ac\u00a09 million). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i21959": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4295410\"><span class=\"number\">7.7.5 </span><span class=\"title-text\">Key management personnel remuneration </span></h1><p>Transactions with key management personnel (MB members and SB) are transactions with related parties. Additional information on the remuneration of members of the MB and SB is disclosed in the remuneration report; see <a href=\"#n4301877\" title=\"Remuneration report\">section 5.3</a>. </p><h3 class=\"table-title\">Annual remuneration Management Board </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Amounts in \u20ac\u00a0thousands </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Executive board </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">MB members </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Executive board </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">MB members </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Fixed compensation </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Base salary in cash </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,249 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,545 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,794 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,987 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,392 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,379 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Base salary in shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">773 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">154 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">928 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">713 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">145 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">858 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fringe benefits<sup class=\"footnote cShowTooltip\" title=\"Variations arise as a result of the fiscal treatment of lease vehicles depending on the price and private use of the car, personal allowance and social security.\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">84 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">86 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">170 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">82 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">77 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">159 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Extraordinary items<sup class=\"footnote cShowTooltip\" title=\"In 2025 and 2024, based on existing rights before the Aegon NL transaction, a number of Aegon Ltd. shares were settled in cash to MB members (former Aegon Ltd. employees).\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">51 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">51 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pension expense<sup class=\"footnote cShowTooltip\" title=\"The annual pension expenditure is based on a premium table. Further changes in the cost of pension benefits are mainly due to the impact of age. The pension costs include DC pensions based on maximum pensionable salary cap, compensation for the maximum pensionable salary cap (to be used for pensions at the employees\u2019 discretion), and VPL. The amount presented is excluding amounts related to the indexation of the defined benefit plan, as they are not expenses in the current year.\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">900 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">365 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,266 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">785 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">342 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,127 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total remuneration </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,007 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,194 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,201 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,567 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,007 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,574 </b></td></tr></tbody></table><ol class=\"footnotes width-50\"><li> Variations arise as a result of the fiscal treatment of lease vehicles depending on the price and private use of the car, personal allowance and social security. </li><li> In 2025 and 2024, based on existing rights before the Aegon NL transaction, a number of Aegon Ltd. shares were settled in cash to MB members (former Aegon Ltd. employees). </li><li> The annual pension expenditure is based on a premium table. Further changes in the cost of pension benefits are mainly due to the impact of age. The pension costs include DC pensions based on maximum pensionable salary cap, compensation for the maximum pensionable salary cap (to be used for pensions at the employees\u2019 discretion), and VPL. The amount presented is excluding amounts related to the indexation of the defined benefit plan, as they are not expenses in the current year. </li></ol><br/><p>In the table above, \u2018Executive Board\u2019 refers to the three members of the EB as at 31 December 2025 and 31 December 2024. </p><p>The total remuneration of the SB in 2025 amounts to \u20ac\u00a0564 thousand (2024: \u20ac\u00a0527 thousands). The total annual remuneration of key management personnel, consisting of all members of the MB and SB, amounts to \u20ac\u00a07,765 thousand (2024: \u20ac\u00a07,101 thousand). </p><p>The number of shares that are allocated (granted) for EB members is 8,680 shares and for MB members is 1,734 shares (2024: EB 5,051 shares and MB 2,004 shares). The shares are purchased by the EB and MB at a discount of 18.5%. The average grant price of the share is \u20ac\u00a044.99 (2024: \u20ac\u00a036.57), which is equal to the opening stock price on the Euronext Amsterdam stock exchange on the 1<sup>st</sup> trading day after the salary-payment date in each month in the period January to December 2025 (2024: January to December), taken into consideration the aforementioned discount. </p><p>The personnel conditions, e.g. discount on non-life insurance products, that apply to all personnel also apply to key management personnel. No discount is provided on life insurance products. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i21961": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4295410\"><span class=\"number\">7.7.5 </span><span class=\"title-text\">Key management personnel remuneration </span></h1><p>Transactions with key management personnel (MB members and SB) are transactions with related parties. Additional information on the remuneration of members of the MB and SB is disclosed in the remuneration report; see <a href=\"#n4301877\" title=\"Remuneration report\">section 5.3</a>. </p><h3 class=\"table-title\">Annual remuneration Management Board </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Amounts in \u20ac\u00a0thousands </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Executive board </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">MB members </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total 2025 </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Executive board </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">MB members </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Fixed compensation </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Base salary in cash </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,249 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,545 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,794 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,987 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,392 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,379 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Base salary in shares </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">773 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">154 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">928 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">713 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">145 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">858 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Fringe benefits<sup class=\"footnote cShowTooltip\" title=\"Variations arise as a result of the fiscal treatment of lease vehicles depending on the price and private use of the car, personal allowance and social security.\">1 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">84 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">86 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">170 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">82 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">77 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">159 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Extraordinary items<sup class=\"footnote cShowTooltip\" title=\"In 2025 and 2024, based on existing rights before the Aegon NL transaction, a number of Aegon Ltd. shares were settled in cash to MB members (former Aegon Ltd. employees).\">2 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">43 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">51 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">51 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pension expense<sup class=\"footnote cShowTooltip\" title=\"The annual pension expenditure is based on a premium table. Further changes in the cost of pension benefits are mainly due to the impact of age. The pension costs include DC pensions based on maximum pensionable salary cap, compensation for the maximum pensionable salary cap (to be used for pensions at the employees\u2019 discretion), and VPL. The amount presented is excluding amounts related to the indexation of the defined benefit plan, as they are not expenses in the current year.\">3 </sup></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">900 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">365 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,266 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">785 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">342 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,127 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total remuneration </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,007 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,194 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,201 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4,567 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,007 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,574 </b></td></tr></tbody></table><ol class=\"footnotes width-50\"><li> Variations arise as a result of the fiscal treatment of lease vehicles depending on the price and private use of the car, personal allowance and social security. </li><li> In 2025 and 2024, based on existing rights before the Aegon NL transaction, a number of Aegon Ltd. shares were settled in cash to MB members (former Aegon Ltd. employees). </li><li> The annual pension expenditure is based on a premium table. Further changes in the cost of pension benefits are mainly due to the impact of age. The pension costs include DC pensions based on maximum pensionable salary cap, compensation for the maximum pensionable salary cap (to be used for pensions at the employees\u2019 discretion), and VPL. The amount presented is excluding amounts related to the indexation of the defined benefit plan, as they are not expenses in the current year. </li></ol><br/><p>In the table above, \u2018Executive Board\u2019 refers to the three members of the EB as at 31 December 2025 and 31 December 2024. </p><p>The total remuneration of the SB in 2025 amounts to \u20ac\u00a0564 thousand (2024: \u20ac\u00a0527 thousands). The total annual remuneration of key management personnel, consisting of all members of the MB and SB, amounts to \u20ac\u00a07,765 thousand (2024: \u20ac\u00a07,101 thousand). </p><p>The number of shares that are allocated (granted) for EB members is 8,680 shares and for MB members is 1,734 shares (2024: EB 5,051 shares and MB 2,004 shares). The shares are purchased by the EB and MB at a discount of 18.5%. The average grant price of the share is \u20ac\u00a044.99 (2024: \u20ac\u00a036.57), which is equal to the opening stock price on the Euronext Amsterdam stock exchange on the 1<sup>st</sup> trading day after the salary-payment date in each month in the period January to December 2025 (2024: January to December), taken into consideration the aforementioned discount. </p><p>The personnel conditions, e.g. discount on non-life insurance products, that apply to all personnel also apply to key management personnel. No discount is provided on life insurance products. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i21964": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4295444\"><span class=\"number\">7.7.7 </span><span class=\"title-text\">Contingent liabilities and assets </span></h1><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295460\"><span class=\"number\">7.7.7.1 </span><span class=\"title-text\">General claims and disputes </span></h1><p>The Group is a respondent in a number of claims, disputes and legal proceedings arising from the normal conduct of business. </p><p>Provisions are formed for such occurrences if, in management's opinion and after consultation with its legal advisors, a.s.r. is likely to have to make payments and the payable amount can be estimated with sufficient reliability. The probable costs related to the compensation schemes for unit-linked insurance contracts have been fully recognised based on management's current knowledge of relevant facts, claims and events. These provisions are included in the legal provisions (see <a href=\"#n4293758\" title=\"Provisions\">section 7.5.16</a>) and, for 2024, under the liabilities arising from insurance contracts. Further information on the unit-linked insurance contracts is provided in <a href=\"#n4295482\" title=\"Pending litigation portfolio and product-related issues\">section 7.7.7.2</a>. </p><p>Dutch insurers continue to receive insurance policies complaints and claims based on grounds other than the cost compensation. Possible future legal proceedings could have a substantial financial and reputational impact. However it is not possible at this time to make reliable estimates of the number of expected proceedings, possible future precedents and the financial impact of possible future proceedings. Currently there are no indications that an additional provision would be necessary for a.s.r. </p><p>As for other claims and legal proceedings, against a.s.r. known to management (and for which, in accordance with the defined principles, no provision has been formed), management believes, after having sought expert advice, that these claims have no chance of success, or that a.s.r. can successfully mount a defence against them, or that the outcome of the proceedings is unlikely to result in a significant loss for a.s.r. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295482\"><span class=\"number\">7.7.7.2 </span><span class=\"title-text\">Pending litigation portfolio and product-related issues </span></h1><div class=\"header header-2\">Unit-linked products (beleggingsverzekeringen) </div><p>Since 2006, Dutch unit-linked life insurance products have been subject to public criticism regarding fees and transparency, giving rise to industry-wide compensation schemes and collective claims initiated by consumer groups. a.s.r. was involved in several collective actions, which were ultimately resolved through a comprehensive settlement with five consumer protection organisations, finalised in February 2025. The agreement did not admit excessive charges and was accepted by virtually all affiliated customers. All related proceedings have been withdrawn, and the participating organisations have agreed not to initiate new actions. </p><p>Following the settlement's finalisation, a leniency scheme was introduced for non-affiliated customers with a closing date of 1 June 2025. A substantial portion of the settlement and leniency scheme obligation has already been paid in 2025, with the remainder scheduled for settlement in the first half of 2026. </p><p>These settlements have substantially reduced outstanding legal exposure. Nonetheless, Dutch insurers may continue to face residual risk, including the possibility of future claims and reputational impact. For further details regarding the recognised provisions, see <a href=\"#n4293758\" title=\"Provisions\">section 7.5.16</a> . </p><p><b>Optas</b><br/>In 2019 Optas had been merged into Aegon life, based on prior approval and instruction by the DNB. A limited number of policyholders opposed the merger and appealed the permission of DNB at the administrative Court. On 13 February 2023 the Administrative Court granted the objections and annulled the permission granted by the DNB. The Court found that DNB should have required that all policyholders should have been individually informed in writing regarding the merger and given the possibility to oppose the merger. The Court also found that DNB should have shared all (including those marked classi\ufb01ed and sensitive) documents relating to the permission to the objectors. Based on the law (Wft) the legality of the merger is not affected by an administrative annulment. This has been con\ufb01rmed by ruling of the Civil Court in a case against Aegon life, and by the Supreme Court of the Netherlands. An appeal procedure that is still pending relates to alleged rights to indexation of pension rights, that was lodged by a limited number of policyholders. In first instance the claims of these policyholders were denied by the District Court in Rotterdam. Aegon life does not expect the pending litigation at the Appeals Court to have a material impact on a.s.r.'s business, results of operations and \ufb01nancial position. However, there can be no assurances in this respect. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295500\"><span class=\"number\">7.7.7.3 </span><span class=\"title-text\">Obligations and guarantees </span></h1><p>a.s.r. has entered into private loans agreements \u20ac\u00a0262 million (2024: \u20ac\u00a0502 million) and private equity agreements \u20ac\u00a0574 million (2024: \u20ac\u00a0100 million). Other commitments mainly consist of future purchases of interests in investment funds and amounts to \u20ac\u00a0813 million (2024: \u20ac\u00a0463 million). </p><p>a.s.r. has irrevocable facilities of \u20ac\u00a01,250 million (2024: \u20ac\u00a01,223 million) which mainly relate to mortgage loan offers issued. Mortgage loan commitments represent undrawn mortgage loan facilities provided and outstanding proposals on mortgages. In 2025 there are no sales of mortgage loans related to pre-announced redemptions on mortgage loans (2024: \u20ac\u00a074 million). </p><p>Investment obligations for an amount of \u20ac\u00a0142 million (2024: \u20ac\u00a0345 million) have been assumed / issued for investment property. </p><p>The sale of real estate which relates to properties that are under contract to be sold as per 31 December 2025 amounts to \u20ac\u00a0146 million (2024: \u20ac\u00a017 million). Real estate commitments represent the committed pipeline of investments in real estate projects. </p><p>Investment obligations and guarantees for a total amount of \u20ac\u00a03 million (2024: \u20ac\u00a03 million) have been issued for real estate development projects and the acquisition of property. Those guarantees were issued by principals for the execution of projects for the benefit of clients. </p><p>The share of contingent liabilities incurred in relation to interests in joint ventures amounts to \u20ac\u00a013 million (2024: \u20ac\u00a014 million). These contingent liabilities, not shown in the balance sheet, relate to investment obligations entered into by a.s.r. (for its share of approximately 50%) for real estate development projects of Amvest. </p><p>In October 2017, Aegon NL sold its shares in Unirobe Mee\u00f9s Groep (UMG) for \u20ac\u00a0295 million to Aon Groep Nederland. a.s.r. (after the business combination with Aegon NL) indemnifies and holds Aon Groep Nederland group (including UMG) harmless (until 2027) for and against any damage incurred resulting from unit-linked insurance claims prior to 1 January 2017 with respect to UMG\u2019s portfolio of Unit Linked Policies. The aggregate liability for a.s.r. is maximised at an amount equal to the purchase price. </p><p>The Dutch guarantee fund for motorised traffic has a latent claim on all insurers offering legal liability products. In line with the advice of the guarantee fund a.s.r.'s contingent liability is \u20ac\u00a011 million (2024: \u20ac\u00a013 million). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295516\"><span class=\"number\">7.7.7.4 </span><span class=\"title-text\">Expected future lease payments </span></h1><p>The following table sets out the expected future lease payments for investment property and plants, showing the undiscounted lease payments to be received after the reporting date. </p><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received within 1 year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">39 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 1 and 2 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 2 and 3 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 3 and 4 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 4 and 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received after 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">87 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">98 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total undiscounted lease payments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>163 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td></tr></tbody></table><br/><p>The investments properties, in retail, residential, offices and rural markets are leased to third parties, consisting of various lease terms in a range between shorter than one year and undetermined period with competitive rents mostly indexed to consumer prices. The plants are leased to third parties with lease terms longer than ten years. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i21965": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4295444\"><span class=\"number\">7.7.7 </span><span class=\"title-text\">Contingent liabilities and assets </span></h1><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295460\"><span class=\"number\">7.7.7.1 </span><span class=\"title-text\">General claims and disputes </span></h1><p>The Group is a respondent in a number of claims, disputes and legal proceedings arising from the normal conduct of business. </p><p>Provisions are formed for such occurrences if, in management's opinion and after consultation with its legal advisors, a.s.r. is likely to have to make payments and the payable amount can be estimated with sufficient reliability. The probable costs related to the compensation schemes for unit-linked insurance contracts have been fully recognised based on management's current knowledge of relevant facts, claims and events. These provisions are included in the legal provisions (see <a href=\"#n4293758\" title=\"Provisions\">section 7.5.16</a>) and, for 2024, under the liabilities arising from insurance contracts. Further information on the unit-linked insurance contracts is provided in <a href=\"#n4295482\" title=\"Pending litigation portfolio and product-related issues\">section 7.7.7.2</a>. </p><p>Dutch insurers continue to receive insurance policies complaints and claims based on grounds other than the cost compensation. Possible future legal proceedings could have a substantial financial and reputational impact. However it is not possible at this time to make reliable estimates of the number of expected proceedings, possible future precedents and the financial impact of possible future proceedings. Currently there are no indications that an additional provision would be necessary for a.s.r. </p><p>As for other claims and legal proceedings, against a.s.r. known to management (and for which, in accordance with the defined principles, no provision has been formed), management believes, after having sought expert advice, that these claims have no chance of success, or that a.s.r. can successfully mount a defence against them, or that the outcome of the proceedings is unlikely to result in a significant loss for a.s.r. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295482\"><span class=\"number\">7.7.7.2 </span><span class=\"title-text\">Pending litigation portfolio and product-related issues </span></h1><div class=\"header header-2\">Unit-linked products (beleggingsverzekeringen) </div><p>Since 2006, Dutch unit-linked life insurance products have been subject to public criticism regarding fees and transparency, giving rise to industry-wide compensation schemes and collective claims initiated by consumer groups. a.s.r. was involved in several collective actions, which were ultimately resolved through a comprehensive settlement with five consumer protection organisations, finalised in February 2025. The agreement did not admit excessive charges and was accepted by virtually all affiliated customers. All related proceedings have been withdrawn, and the participating organisations have agreed not to initiate new actions. </p><p>Following the settlement's finalisation, a leniency scheme was introduced for non-affiliated customers with a closing date of 1 June 2025. A substantial portion of the settlement and leniency scheme obligation has already been paid in 2025, with the remainder scheduled for settlement in the first half of 2026. </p><p>These settlements have substantially reduced outstanding legal exposure. Nonetheless, Dutch insurers may continue to face residual risk, including the possibility of future claims and reputational impact. For further details regarding the recognised provisions, see <a href=\"#n4293758\" title=\"Provisions\">section 7.5.16</a> . </p><p><b>Optas</b><br/>In 2019 Optas had been merged into Aegon life, based on prior approval and instruction by the DNB. A limited number of policyholders opposed the merger and appealed the permission of DNB at the administrative Court. On 13 February 2023 the Administrative Court granted the objections and annulled the permission granted by the DNB. The Court found that DNB should have required that all policyholders should have been individually informed in writing regarding the merger and given the possibility to oppose the merger. The Court also found that DNB should have shared all (including those marked classi\ufb01ed and sensitive) documents relating to the permission to the objectors. Based on the law (Wft) the legality of the merger is not affected by an administrative annulment. This has been con\ufb01rmed by ruling of the Civil Court in a case against Aegon life, and by the Supreme Court of the Netherlands. An appeal procedure that is still pending relates to alleged rights to indexation of pension rights, that was lodged by a limited number of policyholders. In first instance the claims of these policyholders were denied by the District Court in Rotterdam. Aegon life does not expect the pending litigation at the Appeals Court to have a material impact on a.s.r.'s business, results of operations and \ufb01nancial position. However, there can be no assurances in this respect. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295500\"><span class=\"number\">7.7.7.3 </span><span class=\"title-text\">Obligations and guarantees </span></h1><p>a.s.r. has entered into private loans agreements \u20ac\u00a0262 million (2024: \u20ac\u00a0502 million) and private equity agreements \u20ac\u00a0574 million (2024: \u20ac\u00a0100 million). Other commitments mainly consist of future purchases of interests in investment funds and amounts to \u20ac\u00a0813 million (2024: \u20ac\u00a0463 million). </p><p>a.s.r. has irrevocable facilities of \u20ac\u00a01,250 million (2024: \u20ac\u00a01,223 million) which mainly relate to mortgage loan offers issued. Mortgage loan commitments represent undrawn mortgage loan facilities provided and outstanding proposals on mortgages. In 2025 there are no sales of mortgage loans related to pre-announced redemptions on mortgage loans (2024: \u20ac\u00a074 million). </p><p>Investment obligations for an amount of \u20ac\u00a0142 million (2024: \u20ac\u00a0345 million) have been assumed / issued for investment property. </p><p>The sale of real estate which relates to properties that are under contract to be sold as per 31 December 2025 amounts to \u20ac\u00a0146 million (2024: \u20ac\u00a017 million). Real estate commitments represent the committed pipeline of investments in real estate projects. </p><p>Investment obligations and guarantees for a total amount of \u20ac\u00a03 million (2024: \u20ac\u00a03 million) have been issued for real estate development projects and the acquisition of property. Those guarantees were issued by principals for the execution of projects for the benefit of clients. </p><p>The share of contingent liabilities incurred in relation to interests in joint ventures amounts to \u20ac\u00a013 million (2024: \u20ac\u00a014 million). These contingent liabilities, not shown in the balance sheet, relate to investment obligations entered into by a.s.r. (for its share of approximately 50%) for real estate development projects of Amvest. </p><p>In October 2017, Aegon NL sold its shares in Unirobe Mee\u00f9s Groep (UMG) for \u20ac\u00a0295 million to Aon Groep Nederland. a.s.r. (after the business combination with Aegon NL) indemnifies and holds Aon Groep Nederland group (including UMG) harmless (until 2027) for and against any damage incurred resulting from unit-linked insurance claims prior to 1 January 2017 with respect to UMG\u2019s portfolio of Unit Linked Policies. The aggregate liability for a.s.r. is maximised at an amount equal to the purchase price. </p><p>The Dutch guarantee fund for motorised traffic has a latent claim on all insurers offering legal liability products. In line with the advice of the guarantee fund a.s.r.'s contingent liability is \u20ac\u00a011 million (2024: \u20ac\u00a013 million). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295516\"><span class=\"number\">7.7.7.4 </span><span class=\"title-text\">Expected future lease payments </span></h1><p>The following table sets out the expected future lease payments for investment property and plants, showing the undiscounted lease payments to be received after the reporting date. </p><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received within 1 year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">39 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 1 and 2 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 2 and 3 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 3 and 4 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 4 and 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received after 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">87 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">98 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total undiscounted lease payments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>163 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td></tr></tbody></table><br/><p>The investments properties, in retail, residential, offices and rural markets are leased to third parties, consisting of various lease terms in a range between shorter than one year and undetermined period with competitive rents mostly indexed to consumer prices. The plants are leased to third parties with lease terms longer than ten years. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i21966": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4295444\"><span class=\"number\">7.7.7 </span><span class=\"title-text\">Contingent liabilities and assets </span></h1><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295460\"><span class=\"number\">7.7.7.1 </span><span class=\"title-text\">General claims and disputes </span></h1><p>The Group is a respondent in a number of claims, disputes and legal proceedings arising from the normal conduct of business. </p><p>Provisions are formed for such occurrences if, in management's opinion and after consultation with its legal advisors, a.s.r. is likely to have to make payments and the payable amount can be estimated with sufficient reliability. The probable costs related to the compensation schemes for unit-linked insurance contracts have been fully recognised based on management's current knowledge of relevant facts, claims and events. These provisions are included in the legal provisions (see <a href=\"#n4293758\" title=\"Provisions\">section 7.5.16</a>) and, for 2024, under the liabilities arising from insurance contracts. Further information on the unit-linked insurance contracts is provided in <a href=\"#n4295482\" title=\"Pending litigation portfolio and product-related issues\">section 7.7.7.2</a>. </p><p>Dutch insurers continue to receive insurance policies complaints and claims based on grounds other than the cost compensation. Possible future legal proceedings could have a substantial financial and reputational impact. However it is not possible at this time to make reliable estimates of the number of expected proceedings, possible future precedents and the financial impact of possible future proceedings. Currently there are no indications that an additional provision would be necessary for a.s.r. </p><p>As for other claims and legal proceedings, against a.s.r. known to management (and for which, in accordance with the defined principles, no provision has been formed), management believes, after having sought expert advice, that these claims have no chance of success, or that a.s.r. can successfully mount a defence against them, or that the outcome of the proceedings is unlikely to result in a significant loss for a.s.r. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295482\"><span class=\"number\">7.7.7.2 </span><span class=\"title-text\">Pending litigation portfolio and product-related issues </span></h1><div class=\"header header-2\">Unit-linked products (beleggingsverzekeringen) </div><p>Since 2006, Dutch unit-linked life insurance products have been subject to public criticism regarding fees and transparency, giving rise to industry-wide compensation schemes and collective claims initiated by consumer groups. a.s.r. was involved in several collective actions, which were ultimately resolved through a comprehensive settlement with five consumer protection organisations, finalised in February 2025. The agreement did not admit excessive charges and was accepted by virtually all affiliated customers. All related proceedings have been withdrawn, and the participating organisations have agreed not to initiate new actions. </p><p>Following the settlement's finalisation, a leniency scheme was introduced for non-affiliated customers with a closing date of 1 June 2025. A substantial portion of the settlement and leniency scheme obligation has already been paid in 2025, with the remainder scheduled for settlement in the first half of 2026. </p><p>These settlements have substantially reduced outstanding legal exposure. Nonetheless, Dutch insurers may continue to face residual risk, including the possibility of future claims and reputational impact. For further details regarding the recognised provisions, see <a href=\"#n4293758\" title=\"Provisions\">section 7.5.16</a> . </p><p><b>Optas</b><br/>In 2019 Optas had been merged into Aegon life, based on prior approval and instruction by the DNB. A limited number of policyholders opposed the merger and appealed the permission of DNB at the administrative Court. On 13 February 2023 the Administrative Court granted the objections and annulled the permission granted by the DNB. The Court found that DNB should have required that all policyholders should have been individually informed in writing regarding the merger and given the possibility to oppose the merger. The Court also found that DNB should have shared all (including those marked classi\ufb01ed and sensitive) documents relating to the permission to the objectors. Based on the law (Wft) the legality of the merger is not affected by an administrative annulment. This has been con\ufb01rmed by ruling of the Civil Court in a case against Aegon life, and by the Supreme Court of the Netherlands. An appeal procedure that is still pending relates to alleged rights to indexation of pension rights, that was lodged by a limited number of policyholders. In first instance the claims of these policyholders were denied by the District Court in Rotterdam. Aegon life does not expect the pending litigation at the Appeals Court to have a material impact on a.s.r.'s business, results of operations and \ufb01nancial position. However, there can be no assurances in this respect. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295500\"><span class=\"number\">7.7.7.3 </span><span class=\"title-text\">Obligations and guarantees </span></h1><p>a.s.r. has entered into private loans agreements \u20ac\u00a0262 million (2024: \u20ac\u00a0502 million) and private equity agreements \u20ac\u00a0574 million (2024: \u20ac\u00a0100 million). Other commitments mainly consist of future purchases of interests in investment funds and amounts to \u20ac\u00a0813 million (2024: \u20ac\u00a0463 million). </p><p>a.s.r. has irrevocable facilities of \u20ac\u00a01,250 million (2024: \u20ac\u00a01,223 million) which mainly relate to mortgage loan offers issued. Mortgage loan commitments represent undrawn mortgage loan facilities provided and outstanding proposals on mortgages. In 2025 there are no sales of mortgage loans related to pre-announced redemptions on mortgage loans (2024: \u20ac\u00a074 million). </p><p>Investment obligations for an amount of \u20ac\u00a0142 million (2024: \u20ac\u00a0345 million) have been assumed / issued for investment property. </p><p>The sale of real estate which relates to properties that are under contract to be sold as per 31 December 2025 amounts to \u20ac\u00a0146 million (2024: \u20ac\u00a017 million). Real estate commitments represent the committed pipeline of investments in real estate projects. </p><p>Investment obligations and guarantees for a total amount of \u20ac\u00a03 million (2024: \u20ac\u00a03 million) have been issued for real estate development projects and the acquisition of property. Those guarantees were issued by principals for the execution of projects for the benefit of clients. </p><p>The share of contingent liabilities incurred in relation to interests in joint ventures amounts to \u20ac\u00a013 million (2024: \u20ac\u00a014 million). These contingent liabilities, not shown in the balance sheet, relate to investment obligations entered into by a.s.r. (for its share of approximately 50%) for real estate development projects of Amvest. </p><p>In October 2017, Aegon NL sold its shares in Unirobe Mee\u00f9s Groep (UMG) for \u20ac\u00a0295 million to Aon Groep Nederland. a.s.r. (after the business combination with Aegon NL) indemnifies and holds Aon Groep Nederland group (including UMG) harmless (until 2027) for and against any damage incurred resulting from unit-linked insurance claims prior to 1 January 2017 with respect to UMG\u2019s portfolio of Unit Linked Policies. The aggregate liability for a.s.r. is maximised at an amount equal to the purchase price. </p><p>The Dutch guarantee fund for motorised traffic has a latent claim on all insurers offering legal liability products. In line with the advice of the guarantee fund a.s.r.'s contingent liability is \u20ac\u00a011 million (2024: \u20ac\u00a013 million). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295516\"><span class=\"number\">7.7.7.4 </span><span class=\"title-text\">Expected future lease payments </span></h1><p>The following table sets out the expected future lease payments for investment property and plants, showing the undiscounted lease payments to be received after the reporting date. </p><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received within 1 year </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">22 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">39 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 1 and 2 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">16 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 2 and 3 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 3 and 4 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">13 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received between 4 and 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">16 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">To be received after 5 years </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">87 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">98 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total undiscounted lease payments </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>163 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td></tr></tbody></table><br/><p>The investments properties, in retail, residential, offices and rural markets are leased to third parties, consisting of various lease terms in a range between shorter than one year and undetermined period with competitive rents mostly indexed to consumer prices. The plants are leased to third parties with lease terms longer than ten years. </p>",
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    "entity": "scheme:7245000G0HS48PZWUD53",
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   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4295228\"><span class=\"number\">7.7.8 </span><span class=\"title-text\">Events after the balance sheet date </span></h1><p>In July 2025, a.s.r. and Pensioenfonds Zorg &amp; Welzijn (PFZW) announced that an agreement was reached to divide the real estate activities of Amvest as per January 2026. Following this announcement and approval by the Dutch Authority for the Financial Markets (<i>Autoriteit Financi\u00eble Markten</i> - AFM) and the Dutch Authority for Consumers and Markets (<i>Autoriteit Consument &amp; Markt</i> - ACM), in January 2026 a.s.r. sold its' shares in Amvest Vastgoed B.V. to PFZW. The management of a.s.r.'s separate account, comprising approximately 7,500 residential units, is transferred to a.s.r. Besides, the development portfolio of Amvest Development Fund B.V. is split between PFZW and a.s.r. </p><p>In January 2026, a.s.r. reached an agreement with BOVAG on the full acquisition of all insurance activities of Bovemij N.V. (Bovemij), representing a premium volume of circa \u20ac\u00a0400 million. The purchase price amounts to \u20ac\u00a0185 million and will be paid in cash by a.s.r. Bovemij specialises in insurance and additional services for the mobility sector. Customers of Bovemij will continue to receive advisory and distribution services for insurance products under the trusted Bovemij and ENRA labels. For the distribution of insurance products, a.s.r. and BOVAG will establish a joint venture in which both parties will hold a 50% stake.\u00a0Completion of the transaction is expected in the second half of 2026 and is subject to regulatory approvals. </p><p>On 18 February 2026, a.s.r. announced a share buyback of \u20ac\u00a0190 million (including \u20ac15 million for the management and the employee share plans) starting on 18 February 2026, which is expected to be completed before 19 May 2026. </p>",
   "dimensions": {
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    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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   "value": "438000000.0",
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    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners",
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    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
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   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4295598\"><span class=\"number\">7.8.1 </span><span class=\"title-text\">Risk management system </span></h1><p>It is of great importance to a.s.r. that risks within all business segments are timely and adequately controlled. In order to do so, a.s.r. implemented a RM framework based on internationally recognised and accepted standards (such as COSO ERM and ISO 31000 RM principles and guidelines). Using this framework, material risks that a.s.r. is, or can be, exposed to, are identified, measured, managed, monitored, reported and evaluated. The RM framework is both applicable to a.s.r. group and the underlying (legal) business entities. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295651\"><span class=\"number\">7.8.1.1 </span><span class=\"title-text\">Risk Management Framework </span></h1><p>The figure shows the RM framework as applied by a.s.r. </p><div class=\"figure-container\" style=\"width:33%\"><img alt=\"\" class=\"figure\" src=\"resources/125.png\" style=\"--tan-image-percentage:33\"/></div><div class=\"header header-2\">Risk Management framework </div><p>The RM framework consists of risk strategy (including risk appetite), risk governance, systems and data, risk policies and procedures, risk culture, and RM process. The RM framework contributes to achieving the strategic, tactical and operational objectives as set out by a.s.r. The overall effectiveness of the RM framework is evaluated as part of the regular internal review of the system of governance. </p><div class=\"header header-2\">Risk strategy (incl. risk appetite) </div><p>Risk strategy is defined to contain at least the following elements: </p><ul><li><p>Strategic, tactical and operational objectives that are pursued; </p></li><li><p>The risk appetite in pursuit of those strategic, tactical and operational objectives. </p></li></ul><p>a.s.r.\u2019s risk strategy aims to ensure that decisions are made within the boundaries of the risk appetite, as stipulated annually by the EB and the MB (see section Risk strategy and risk appetite). </p><div class=\"header header-2\">Risk governance </div><p>Risk governance can be seen as the way in which risks are managed, through a sound risk governance structure and clear tasks and responsibilities, including risk ownership. a.s.r. employs a risk governance framework that entails the tasks and responsibilities of the Risk Management organisation and the structure of the Risk committees (see section Risk governance). </p><div class=\"header header-2\">Systems and data </div><p>Systems and data support the RM process and provide management information to the risk committees and other relevant bodies. a.s.r. finds it very important to have qualitatively adequate data, models and systems in place, in order to be able to report and steer correct figures and to apply risk-mitigating measures timely. To ensure this, a.s.r. has designed a policy for data quality and model validation in line with Solvency II. Tools, models and systems are implemented to support the RM process by giving guidance to and insights into the key risk indicators, risk tolerance levels, boundaries and actions, and remediation plans to mitigate risks (see section Systems and data). </p><div class=\"header header-2\">Risk policies and procedures: </div><p>Risk policies and procedures are part of the a.s.r. policy house. Policy documents are submitted for approval to the relevant (risk) committee in accordance with the applicable governance. Policies are evaluated annually, tested against internal and external market developments, and changes in laws and regulations, and updated as necessary in accordance with the governance defined in the policy. </p><p>Each risk policy must include at least: </p><ul><li><p>The scope within a.s.r. to which the policy applies. </p></li><li><p>A demonstrable and consistent link with relevant laws and regulations and/or strategy. </p></li><li><p>Key requirements to achieve the policy\u2019s objectives. </p></li><li><p>The risk categories to which the policy line applies </p></li><li><p>Description of the method for controlling the risk. </p></li><li><p>Specific risk tolerances and limits within the relevant risk categories in accordance with the risk appetite statements. </p></li><li><p>The frequency and content of regular stress tests and the circumstances that would justify ad-hoc stress tests. </p></li><li><p>The processes and reporting procedures applied. </p></li><li><p>Exceptions and Escalations. </p></li></ul><p>The classification of risks within a.s.r. is performed in line with, but is not limited to, the Solvency II risks. Each risk category consists of one or more policies or procedures that explicates how risks are identified, measured and controlled within a.s.r. (see section Risk policies and procedures). </p><div class=\"header header-2\">Risk culture </div><p>An effective risk culture is one that enables and rewards individuals and groups for taking risks in an informed manner. It is a term describing the values, beliefs, knowledge, attitudes and understanding about risk. All the elements of the RM framework combined make an effective risk culture. </p><p>Within a.s.r. risk culture is an important element that emphasises the human side of Risk Management. The MB has a distinguished role in expressing the appropriate norms and values (tone at the top). a.s.r. employs several measures to increase the risk awareness and, in doing so, the risk culture (see section Risk culture). </p><div class=\"header header-2\">Risk management process </div><p>The RM process contains all activities within the RM processes to structurally 1) identify risks; 2) measure risks; 3) manage risks; 4) monitor and report on risks; and 5) evaluate the risk profile and RM framework. At a.s.r., the RM process is used to implement the risk strategy in the steps mentioned. These five steps are applicable to the risks within the company to be managed effectively (see section Risk Management process). </p><div class=\"header header-2\">Evaluating the effectiveness of the RM and control system </div><p>The assurance level that a.s.r. provides regarding the effectiveness of the RM and control system, as well as insight into any shortcomings, is determined by the full set of activities within the so-called assurance chain, which includes the first and second line functions. a.s.r. applies assurance mapping for all relevant risk categories, specifying for each risk which control activities are performed by the first and second line functions. This integrated approach ensures that relevant control functions collectively provide a consistent and reliable basis for evaluating the effectiveness of the RM and control system. Based on the outcome, additional control measures and improvement actions are implemented where necessary. Shortcomings and improvement measures are transparently reported to the EB and the A&amp;RC. </p><div class=\"header header-2\">Integration of Aegon and a.s.r. </div><p>In 2024, the integration of Aegon and a.s.r. in the area of risk management commenced. This included the harmonisation of financial and non-financial risk policies, the introduction of a new taxonomy for non-financial risks, the start of the Internal Model Approval Process (IMAP) for a.s.r. life, and the organisational integration of Group Risk Management (GRM). In 2024, the GRM teams of Aegon and a.s.r. were fully merged into a single department, with uniform management, processes, and reporting lines. In 2025, this integration was consolidated and further refined. The integrated GRM department now functions as a stable, uniform line within the organisation. The new taxonomy and reporting structure are now fully embedded across the entire group, and the risk management framework has been further optimised. </p><h1 class=\"S_SUBSUBPARAGRAPH\" id=\"n4306171\"><span class=\"number\">7.8.1.1.1 </span><span class=\"title-text\">Risk management strategy and risk appetite </span></h1><p>a.s.r.\u2019s risk strategy aims to ensure that decisions are made within the boundaries of the risk appetite, as stipulated annually by the EB and the MB. </p><p>Risk appetite is defined as the level and type of risk a.s.r. is willing to bear in order to meet its strategic, tactical and operational objectives. The risk appetite is formulated to give direction to the management of the (strategic) risks. The risk appetite contains a number of qualitative and quantitative risk appetite statements and is defined for both financial (FR) and non-financial risks (NFR). The statements highlight the risk preferences and limits of the organisation and are viewed as key elements for the realisation of the strategy. The statements and limits are defined at both group level and at legal entity level and are determined by the a.s.r. risk committee and approved by the SB. </p><p>The statements are evaluated yearly to maintain alignment with the strategy. Since 2024, a.s.r. has adopted a new, more detailed taxonomy for non-financial risks consisting of two levels. In 2025, this structure has become fully operational and now serves as the standard for reporting on non-financial risks. The classification at both level 1 and level 2 has been retained. In each risk report, risk colours are assigned at both levels. </p><p>The NFR statements have been updated in 2025 compared to 2024. These are fully aligned with the revised taxonomy introduced in 2024. The year 2025 focused on further concretisation and continued development of data driven risk reporting.\u00a0</p><p>The FR statements have changed noticeably compared to 2024. These changes have been driven by the harmonisation of the financial risk policies of a.s.r. and Aegon. The policies have also been revised for the Internal Model Approval Process (IMAP) of a.s.r. life. </p><h3 class=\"table-title\">Risk appetite statement ASR Nederland N.V. 2025 </h3><table class=\"iTableCoreData none\" style=\"font-size:100%;\"><colgroup><col style=\"width:7%;\"/><col style=\"width:84%;\"/><col style=\"width:9%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">1a </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains a moderate risk appetite regarding strategic risks. Strategic risks may have significant impact, but excessive risk aversion may hinder the achievement of strategic objectives. ASR prioritizes long-term value creation over volume, maintains financial robustness to meet obligations, and serves stakeholder interests (customers, employees, society, investors) in a balanced and sustainable manner. Risks are only accepted when necessary to achieve strategic goals.  <br/><br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">1b </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains a moderate risk appetite regarding strategic sustainability risks. ASR balances sustainability ambitions with financial objectives and stability, striving to be one of Europe\u2019s most sustainable financial institutions. ASR acts in accordance with its sustainability ambitions and adequately manages related risks.  <br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">1c </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains a moderate risk appetite regarding personnel risks. This enables ASR to attract and retain talented, skilled, sustainably employable, and vital employees, while accepting risks necessary to safeguard organisational agility.  <br/><br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">1d </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains a minimal risk appetite regarding customer and advisor risks. ASR puts the customer first , meets its obligations, and ensures customers can easily and quickly manage their affairs through a digital environment with personal contact when needed. ASR invests in technology and customer service to achieve above-average satisfaction, while maintaining strict quality and compliance standards and ensuring customer data quality. </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">2a </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains a moderate risk appetite regarding risks that may negatively impact our internal processes. ASR accepts certain risks inherent to the execution of primary, supporting, and governance processes, provided they remain within defined boundaries and are carefully managed. Operational excellence is pursued through robust control mechanisms to minimise incorrect acceptances, policy and claims handling errors, payment and transaction mistakes, fraud, and other operational failures. </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">2b </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains a moderate risk appetite regarding risks related to outsourcing. ASR collaborates with external parties under adequate governance and control mechanisms to manage outsourcing risks. The objective is to ensure reliable and efficient partnerships without compromising operational integrity and service quality. </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">2c </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains a minimal risk appetite regarding business continuity and crisis management. ASR invests in measures to limit the (customer) impact of realistic disruptions caused by cyberattacks, IT outages, third-party failures, natural disasters, and pandemics. Critical business functions are made resilient through continuity plans and crisis management processes. </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">3a </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains an averse risk appetite regarding information security and cyber resilience. Information security and cyber resilience are essential for operational processes and business continuity. ASR only accepts risks when absolutely necessary and invests to the maximum extent in required measures to minimise cyber risks and comply with legal obligations. Systems, data, and digital processes are secured and resilient in accordance with availability, confidentiality, and integrity requirements.  <br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">3b </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains a moderate risk appetite regarding IT risks. Well-functioning IT is essential for business execution and strategic objectives. Risks may be taken in deploying IT resources and adopting new technologies, provided they are well understood and effectively managed.  <br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">4 </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains a moderate risk appetite regarding project risks. Projects essential to strategic objectives are executed in a controlled manner, with attention to timeliness, budget, and quality. Risks are accepted only when well understood and effectively managed.  <br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">5a </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains a minimal risk appetite regarding the integrity of financial reporting. Material financial losses and reputational damage are prevented through robust controls and by ensuring high-quality IFRS and Solvency II data.  <br/><br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">5b </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederlands N.V. maintains a minimal risk appetite regarding the integrity of non-financial reporting. Material financial losses and reputational damage are prevented through robust controls.  <br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">5c </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains a minimal risk appetite regarding the reliability of models. ASR invests in the development and documentation of robust modelling methods and designs, with adequate control mechanisms to minimise errors and misinterpretations. Reliable models are used to support informed decision-making.  <br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">5d </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains a minimal risk appetite regarding tax risks. The tax policy emphasises compliance, transparency, and responsible tax management, avoiding aggressive strategies. Tax is viewed as a driver of social cohesion and sustainable growth. ASR commits to timely and accurate tax compliance, with planning based on reasonable legal interpretations and actual economic activity.  <br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">6a </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains an averse risk appetite regarding Customer Due Diligence (CDD) risks. ASR takes adequate measures to comply with CDD obligations and to minimise potential risks.  <br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">6b </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains an averse risk appetite regarding the integrity of personal data. ASR holds a significant amount of sensitive information about its customers and other stakeholders. Compliance with privacy legislation is therefore essential to safeguard their privacy rights and protect the organisation\u2019s reputation. ASR invests in robust privacy measures to uphold these rights and ensure legal compliance.  <br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">6c </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains an averse risk appetite regarding the integrity of the organisation. ASR invests in compliance with laws and regulations and promotes ethical behaviour within the organisation. Ethical conduct and regulatory compliance are essential to ASR\u2019s reputation.  <br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">6d </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains an averse risk appetite regarding the integrity of product ans service delivery. Reliable products and services are essential to ASR\u2019s reputation. ASR invests in processes and systems to meet responsibilities towards customers and distribution partners, including compliance with legal obligations such as the duty of care. A risk-averse approach is adopted to safeguard compliance and uphold stakeholder trust.  <br/><br/></td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">6e </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. maintains an averse risk appetite regarding risks related to staff integrity. ASR does everything possible to meet ethical standards and minimise potential risks, ensuring compliance with laws, regulations, and internal standards (including the a.s.r. Code of Conduct). ASR invests in training and awareness to meet legal, ethical, and societal standards regarding staff behaviour and professional competence.  <br/></td><td class=\"valign-top startCol-3 endCol-3 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">NFR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">7 </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. has a minimum SCR ratio of 120%. </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:top;\">FR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">8a </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. has an excess of liquidity after a severe stress event of 12 months </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">FR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">8b </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. has at least a single A rating and therefore has sufficient capital redundancy in accordance with the S&amp;P Capital Model. </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">FR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">8c </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. has a maximum financial leverage ratio of 40%. Financial leverage ratio = Debt / (Debt + Equity). </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">FR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">8d </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. has a maximum double leverage ratio of 135%.Double leverage ratio = Total value of associates / (equity attributable to shareholders + hybrids and subordinated liabilities). </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">FR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">8e </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. has a minimum interest coverage ratio of between 4 and 8. Interest coverage ratio = EBIT operational / interest expense. </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">FR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">9 </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. remains within the bandwidth of periodically reassessed market risk budgets </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">FR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">10a </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. remains within the limits of the interest rate risk policy on SCR for interest rate risk and ratio sensitivity for rate changes </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">FR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">10b </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. remains within the limits of the interest rate risk policy on SCR for interest rate volatility risk </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">FR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">10c </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. remains within the limits of the interest rate risk policy on ratio sensitivity for inflation rate changes </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">FR </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">11 </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">ASR Nederland N.V. (excl. ASR Ziektekosten) has a maximum combined ratio of 99%. </td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">FR </td></tr></tbody></table><br/><h1 class=\"S_SUBSUBPARAGRAPH\" id=\"n4306172\"><span class=\"number\">7.8.1.1.2 </span><span class=\"title-text\">Risk governance </span></h1><p>a.s.r.\u2019s risk governance can be described by: </p><ul><li><p>risk ownership; </p></li><li><p>the implemented three lines model and associated (clear delimitation of) tasks and responsibilities of key function holders; and </p></li><li><p>the risk committee structure to ensure adequate decision making. </p></li></ul><div class=\"header header-2\">Risk ownership </div><p>The EB has the final responsibility for risk exposures and management within the organisation. Part of the responsibilities have been delegated to persons that manage the divisions where the actual risk-taking takes place. Risk owners are accountable for one or more risk exposures that are inextricably linked to the department or product line they are responsible for. Through the risk committee structure, risk owners provide accountability for the risk exposures. </p><div class=\"header header-2\">Three lines model </div><p>The risk governance structure is based on the \u2018three lines\u2019 model. The three lines model consists of three lines with different responsibilities with respect to the ownership of controlling risks. The table below provides insight in the organisation of the three lines model within a.s.r. </p><div class=\"figure-container\" style=\"width:50%\"><img alt=\"\" class=\"figure\" src=\"resources/126.png\" style=\"--tan-image-percentage:50\"/></div><div class=\"header header-3\">Positioning of key functions </div><p>Within the risk governance, the key functions (compliance, risk, actuarial and audit) are organised in accordance with Solvency II regulation. They play an important role as countervailing power of management in the decision-making process. The four key functions are independently positioned within a.s.r. In all the risk committees one or more key functions participate. The second line report to the CRO, which is a member of the management board. All key functions have direct communication lines with the EB and can escalate to the chairman of the Audit &amp; Risk Committee of the SB. Furthermore, the key functions have regular meetings with the supervisors of the Dutch Central Bank (DNB) and / or The Dutch Authority for the Financial Markets (AFM). </p><div class=\"header header-3\">Group Risk Management </div><p>GRM is responsible for the execution of the RM function (RMF) and the Actuarial Function (AF). The department is led by the RMF holder. GRM consists of the following four sub-departments: </p><ul><li><p>Operational Risk Management; </p></li><li><p>Financial Risk Management; </p></li><li><p>Model Validation; </p></li><li><p>Methodology. </p></li></ul><div class=\"header header-3\">Operational Risk Management </div><p>Operational Risk Management (ORM) is responsible for second-line strategic and operational (including IT) RM and the enhancement of the risk awareness for a.s.r. and its subsidiaries. The responsibilities of ORM include the development of risk policies and procedures, the annual review and update of the risk strategy (risk appetite), the coordination of the SRA process leading to the risk priorities and emerging risks and Own Risk and Solvency Assessment (hereafter: ORSA) scenarios and the monitoring of the non-financial risk profile. For the management of operational risks, a.s.r. has a solid Risk-Control framework in place that contributes to its long-term solidity. The quality of the framework is continuously enhanced by the analysis of operational incidents, periodic risk assessments and monitoring by the RMF. ORM actively promotes risk awareness at all levels to contribute to the vision of staying a socially relevant insurer. </p><div class=\"header header-3\">Financial Risk Management </div><p>Financial Risk Management (FRM) is responsible for the second line financial RM and supports both the AF and RMF. An important task of FRM is to be the countervailing power to the EB and management in managing financial risks for a.s.r. and its subsidiaries. FRM assesses the accuracy and reliability of the market risk, counterparty risk, insurance risk and liquidity risk, risk margin and best estimate liability. As part of the AF, FRM reviews the technical provisions, monitors methodologies, assumptions and models used in these calculations, and assesses the adequacy and quality of data used in the calculations. Furthermore, the AF expresses an opinion on the underwriting policy and determines if risks related to the profitability of new products are sufficiently addressed in the product development process. The AF also expresses an opinion on the adequacy of reinsurance arrangements. Other responsibilities of financial RM are e.g. support monitoring Solvency II compliancy (e.g. changes in Solvency II regulation), updating policies on valuation and risk, activities related to the DNB, assessment of the ORSA (financial parts), assessment of strategic initiatives. </p><div class=\"header header-3\">Model Validation </div><p>Model Validation (MV) is responsible for performing validation activities or having them carried out in accordance with the drawn up annual model validation plan. MV is responsible for supervising compliance with the model validation policy, discussing and challenging the (draft) validation reports and advising the MV Committee. MV is a separate sub-department within GRM and is part of the RMF. The MV Department independently reviews models used for risk, capital, pricing, and valuation purposes. It ensures that models are reliable, well-governed, and compliant with internal standards and regulatory requirements. The team regularly tests and reports on model performance to support sound decision-making. In addition to validating the various models, Model Risk Management (monitoring findings, updating policy documents, coordinating and assessing the process) is also part of the core activities. </p><div class=\"header header-3\">Methodology </div><p>Methodology is responsible for establishing methodologies for the Partial Internal Model (hereafter: PIM). The Methodology department is responsible for setting up the internal model, including documentation and maintenance of the documentation. It also handles continuous education by: (1) updating training materials; (2) providing training sessions; (3) assessing the suitability of training levels. Additionally, it analyses the functioning of the internal model, periodically calibrates the internal model parameters, monitors the suitability of the internal model, and conducts annual comparisons of PIM and SF results. In addition, Methodology maintains methodologies which strongly relate to the PIM, among others for mortgage valuation, mortality best estimates, LAC DT and LAC TP. </p><div class=\"header header-3\">Compliance </div><p>The responsibilities of Compliance include the development of compliance policies and procedures, the annual review and update of the compliance risk strategy (risk appetite) and the monitoring of the non-financial risk profile concerning compliance risks. An important task of Compliance is to be the countervailing power to the EB and other management in managing compliance risks for a.s.r. and its subsidiaries. The mission of the compliance function is to enhance and ensure a controlled and sound business operation. </p><p>As second line, Compliance encourages the organisation to comply with relevant rules and regulations, ethical standards and the internal standards derived from them (\u2018rules\u2019) by providing advice and formulating policies. Compliance supports the first line in the identification of compliance risks and assesses the effectiveness of RM on which Compliance reports to the relevant risk committees, the MB and the Audit &amp; Risk Committee (hererafter: A&amp;RC) of the SB. In doing so, Compliance uses a compliance risk and monitoring framework. In line with RM, Compliance also creates further awareness to comply with the rules and desired ethical behaviour. Compliance coordinates interaction with regulators in order to maintain effective and transparent relationships with those authorities. </p><div class=\"header header-3\">Audit </div><p>Audit a.s.r., the third line, strengthens a.s.r.\u2019s ability to create, protect, and preserve value by providing the EB with independent, risk-based, and objective assurance, advice, insights, and outlooks. Audit helps a.s.r. to successfull achieve its objectives, enhance governance, risk management, and control processes, and improve decision-making and oversight at a.s.r. Furthermore, Audit strengthens a.s.r.\u2019s reputation and credibility with its stakeholders and increases a.s.r.\u2019s ability to serve the public interest. </p><p>Audit performs various types of activities: </p><ul><li><p>Through a systematic and structured approach, audits are conducted to provide an objective and independent opinion on the effectiveness of governance, risk management, and control processes. </p></li><li><p>Conducting specific investigations at the request of the EB or the A&amp;RC and/or the SB. </p></li><li><p>Providing solicited and unsolicited advice </p></li></ul><div class=\"header header-3\">Risk committee structure </div><p>a.s.r. has established a structure of risk committees with the objective to monitor the risk profile for a.s.r. group, its legal entities and its business lines in order to ensure that it remains within the risk appetite and the underlying risk tolerances and risk limits. When triggers are hit or likely to be hit, risk committees make decisions regarding measures to be taken, being risk-mitigating measures or measures regarding governance, such as the frequency of their meetings. For each of the risk committees a statute is drawn up in which the tasks, composition and responsibilities of the committee are defined. </p><div class=\"figure-container\" style=\"width:50%\"><h4 class=\"figure-title\">Risk committee structure </h4><img alt=\"\" class=\"figure\" src=\"resources/127.png\" style=\"--tan-image-percentage:50\"/></div><div class=\"header header-3\">Audit &amp; Risk Committee </div><p>The Audit &amp; Risk Committee (A&amp;RC) was established by the SB to gain support, among other things, in the following matters: </p><ul><li><p>Assessment of the risk appetite proposal and quarterly monitoring of the risk profile; </p></li><li><p>Assessment of the annual report, including the financial statements of a.s.r.; </p></li><li><p>The relationship with the independent external auditor, including the assessment of the quality and independence of the independent external auditor and the proposal by the SB to the AGM to appoint the independent external auditor; </p></li><li><p>The performance of the audit function, compliance function, the AF and the RMF; </p></li><li><p>Compliance with rules and regulations; and </p></li><li><p>The financial position. </p></li></ul><p>The A&amp;RC has four members of the SB, one of whom acts as the chairman. </p><div class=\"header header-3\">a.s.r. Risk Committee </div><p>The a.s.r. risk committee monitors a.s.r.\u2019s overall risk profile on a quarterly basis. At least annually, the a.s.r. risk committee determines the risk appetite statements, limits and targets for a.s.r. This relates to the overall a.s.r. risk appetite and the subdivision of risk appetite by financial and non-financial risks. The risk appetite is then submitted to the a.s.r. Audit &amp; Risk Committee, which advises the SB on the approval of the risk appetite. The a.s.r. risk committee also monitors the progress made in managing risks included in the risk priorities and emerging risks of the EB. </p><p>All members of the MB participate in the a.s.r. risk committee, which is chaired by the CEO. The involvement of the EB ensures that risk decisions are being addressed at the appropriate level within the organisation. In addition to the EB, the Key Functions (Risk management, Compliance, Internal audit, Actuarial function) are members of the Committee. </p><div class=\"header header-3\">Non-Financial Risk Committee </div><p>The Non-Financial Risk Committee (NFRC) discusses, advises and decides upon non-financial risk policies and procedures. The most relevant non-financial risk policies are approved by the a.s.r. risk committee. The NFRC monitors a.s.r.\u2019s overall non-financial risk profile, in particular whether non-financial risks of a.s.r. and the business entities are managed adequately and whether the risk profile stays within the agreed risk limits. If the risk profile exceeds the limits, the NFRC takes mitigating actions. The NFRC reports to the a.s.r. risk committee. The NFRC is chaired by a member of the EB. The NFRC discusses the most important risks from the underlying non-financial risk committees (Business Risk Committee (BRC)). </p><div class=\"header header-3\">Financial Risk Committee </div><p>The Financial Risk Committee (FRC) discusses, advises and decides upon financial risk policies. The most relevant financial risk policies are approved by the a.s.r. risk committee. The FRC monitors that financial risks of a.s.r. and the business entities are managed adequately and monitors that the risk profile stays within the agreed risk limits. If the risk profile exceeds the limits, the NFR takes mitigating actions. The FRC reports to the a.s.r. risk committee. The Chairman of the FRC is the CFO. </p><div class=\"header header-3\">Credit and Participation Committee Distribution &amp; Services </div><p>In the Credit and Participation Committee Distribution &amp; Services (hereafter: CPC D&amp;S), acquisition, credit, and combined participation and credit proposals (D&amp;S proposals) within the scope of the Distribution and Services segment of a.s.r. (D&amp;S segment) are assessed. The CPC D&amp;S is authorised to decide on proposals with a total investment between \u20ac\u00a02 million and \u20ac\u00a07.5 million. The management of D&amp;S is independently authorised for decisions up to \u20ac\u00a02 million. Decisions on proposals above \u20ac\u00a07.5 million are reserved for the EB, with advice from the CPC D&amp;S. The chair of the CPC D&amp;S is the CFO of a.s.r. </p><div class=\"header header-3\">Product Approval and Review Process Board </div><p>The Product Approval &amp; Review Process Board (PARP Board) is responsible for the final decision-making process around the introduction of new products and adjustments in existing products. The committee evaluates a.o. if potential risks in newly developed and adjusted products are sufficiently addressed. New products need to be developed in such a way that they are cost efficient, reliable, useful and secure for our clients. New products also need to have a strategic fit with a.s.r.\u2019s mission to be a solid and trustful insurer. In addition, the risks of existing products are evaluated, as requested by the PARP as a result of product reviews. The PARP Board is chaired by the managing Director of Services. The chair of the PARP reports to both COO's and yearly to the MB. </p><div class=\"header header-3\">Sustainability Committee </div><p>The Sustainability Committee (hereafter: SC) aims to review and advise on central and decentralised draft policies related to sustainability before these policies are submitted for approval to the Board of Directors or the competent committee. Additionally, dilemmas, complications, and conflicting interests in the field of sustainability (including ESG and CDD/KYC) that arise at a.s.r. and/or one of the (sub)committees are discussed. The chair of the SC is the Director of Communications. For more information on the SC see section 5.1.6. of the annual report of a.s.r. </p><div class=\"header header-3\">Buy Out Committee </div><p>In 2025, the Buy Out Committee was added to the Risk Committee Structure. The Buy Out Committee approves the pricing assumptions and methodology related to buyouts. In addition, it determines the buyout strategy and sets risk appetite, which is approved by the MB. </p><p>The Buy Out Committee also monitors completed buy outs and makes use of emerging experience to adjust assumptions and methodology where necessary. It follows developments on the buy out market and a.s.r.\u2019s position. It ensures that improvement plans are followed up. The Buy Out Cimmittee is chaired by the CFO. </p><div class=\"header header-3\">Central Investment Committee </div><p>In addition to the risk committee structure, the Central Investment Committee (CIC) monitors tactical decisions and the execution of the investment policy. It takes investment decisions within the boundaries of the strategic asset allocation as agreed upon in the FRC. The CIC bears particular responsibility for investment decisions exceeding the mandate of the investment department. The CIC is chaired by the CFO. </p><div class=\"header header-2\">Distribution &amp; Services </div><p>The a.s.r. subsidiaries D&amp;S Holding, Corins and Robidus operate their own risk management system. On a quarterly basis, they report to a.s.r. amongst others on the key (developments in) non\u2011financial risks. These outcomes are discussed with a.s.r. GRM and Compliance and are subsequently discussed with either the SB or the EB of a.s.r. </p><h1 class=\"S_SUBSUBPARAGRAPH\" id=\"n4306173\"><span class=\"number\">7.8.1.1.3 </span><span class=\"title-text\">Systems and data </span></h1><p>GRC tooling is implemented to support the RM process by giving guidance and insight into the key risk indicators, risk tolerance levels, boundaries and actions and remediation plans to mitigate risks. The availability, adequacy and quality of data and IT systems is important in order to ensure that correct figures are reported and risk mitigating measures can be taken in time. It is important to establish under which conditions the management information that is submitted to the risk committees has been prepared and which quality safeguards were applied in the process of creating this information. This allows the risk committees to ascertain whether the information is sufficient to base further decisions upon. </p><p>a.s.r. has a Data Quality policy in place to support the availability of correct management information. This policy is evaluated on an annual basis and revised at least every three years to keep the standards in line with the latest developments on information and data management. The quality of the information is reviewed based on the following aspects, based on Solvency II: </p><ul><li><p>completeness (including documentation of accuracy of results) </p></li><li><p>adequacy </p></li><li><p>reliability </p></li><li><p>timeliness </p></li></ul><p>Adherence to this policy is ensured by the three lines model. With a Central Data Office, additional measures are taken to increase maturity in data management practices. </p><p>The data risk governance and committee structure in place ensures that ownership and decision making regarding assumptions and the plausibility of the results is effectively organised. </p><p>The information involved tends to be sensitive. To prevent unauthorised persons from accessing it, it is disseminated using a secure channel or protected files. a.s.r.\u2019s information security policy contains guidelines in this respect. </p><p>a.s.r.\u2019s information security policy is based on relevant laws and market standards, like ISO 2700x, COBIT 2019, NIST Cybersecurity framework, SOC2 principles, PCI DSS, COSO, BS 25999, ISO 31000 and ITIL. These standards describes best practices for the implementation of information security. For the Digital Operational Resilience Act (hereafter: DORA), important changes in 2025 per DORA pillar are: </p><ul><li><p>ICT Risk Management: a strengthened, centralised, and top-down approach has been adopted through an IT Risk Framework for ICT governance and risk management. Best practice controls are now mandatory and implemented via comply-or-explain principles. </p></li><li><p>Incident Management: IT incident monitoring has been intensified with a new process to promptly notify and report major DORA incidents to regulators. There is now more focus on business continuity rather than solely IT continuity. </p></li><li><p>Digital Resilience: focus on the critical and important business functions, with controls formalised or adjusted as necessary to comply with DORA. </p></li><li><p>Management of Third-Party Risk: concentration risks and critical suppliers have been identified. Reporting has been improved, and a processing register along with mandatory reporting templates have been implemented. Where necessary, contracts with third-party suppliers have been revised. </p></li><li><p>ICT Information Sharing: information exchange between a.s.r., other financial institutions, and regulators has been improved, with active contributions to collaborations. </p></li></ul><p>As of 2025, a.s.r. substantially complies with the DORA regulations, which have been integrated into a.s.r.'s information security policy. The requirements for design and implementation have been met, and our current focus is on demonstrating the operational effectiveness. </p><p>There are technical solutions for accomplishing this, by enforcing a layered approach (defence-in-depth) of technical measures to avoid unauthorised persons to compromise a.s.r. data and systems. In this perspective, one may think of methods of logical access management, intrusion detection techniques, in combination with firewalls are aimed at preventing hackers and other unauthorised persons from accessing information stored on a.s.r. systems. Nevertheless, confidential information can also have been committed to paper. On top of technical measures a.s.r. implemented physical measures and measures that help create the desired level of awareness of personnel as part of the information security environment. The resilience of these measures is actively tested. </p><p>When user defined models (e.g. spreadsheets) are used for supporting the RM framework, the \u2018a.s.r. Standard for End user computing\u2019 defines and describes a.s.r. practices in order to guard the reliability and confidentiality of these tools and models. a.s.r. recognises the importance of sound data quality and information management systems. The management of IT and data risks of the implemented tools, models and systems (including data) is part of Operational (IT) Risk Management.  <br/></p><h1 class=\"S_SUBSUBPARAGRAPH\" id=\"n4306174\"><span class=\"number\">7.8.1.1.4 </span><span class=\"title-text\">Risk policies and procedures </span></h1><p>a.s.r. has established guidelines, including policies that cover all main risk categories (market, counterparty default, liquidity, underwriting, strategic and operational). These policies address the accountabilities and responsibilities regarding management of the different risk types. Furthermore, the methodology for risk measurement is included in the policies. The content of the policies is aligned to create a consistent and complete set. GRM maintains the risk policies, Compliance maintains the compliance policies and both GRM and Compliance monitor the proper implementation in the business. New risk policies or updates of existing risk policies are approved by the risk committees as mentioned previously. a.s.r. has established an overall policyhouse (formally managed by the Compliance Function), including an integrated policy calendar which includes all risk related documents. This guarantees that policies are drawn up and reassessed in a timely manner where ownership and responsibilities are clear. </p><p>a.s.r. employees gain risk management knowledge and skills through the implementation of risk management policies, procedures and practices and the execution and testing of controls within business processes for sound and controlled business operations. Training courses that cover the main risk-related topics, presentations, workshops, gamification and the use of governance, risk &amp; compliance tooling also contribute to this. In addition, risk management employees keep their knowledge and skills up to date through training courses - including in the context of permanent education - that cover specific risk-related topics.\u00a0\u00a0</p><h1 class=\"S_SUBSUBPARAGRAPH\" id=\"n4306175\"><span class=\"number\">7.8.1.1.5 </span><span class=\"title-text\">Risk culture </span></h1><p>Risk awareness is a vital component of building a sound risk culture within a.s.r. that emphasises the human aspect in the management of risks. In addition to gaining sufficient knowledge, skills, capabilities and experience in RM, it is essential that an organisation enables objective and transparent risk reporting in order to manage them more effectively. </p><p>The MB clearly recognises the importance of RM and is therefore represented in all of the major group level risk committees. Risk Management is involved in the strategic decision-making process, where the company\u2019s risk appetite is always considered. The awareness of risks during decision-making is continually addressed when making business decisions, for example by discussing and reviewing risk scenarios and the positive and / or negative impact of risks before finalising decisions. </p><p>It is very important that this risk awareness trickles down to all parts of the organisation, and therefore management actively encourages personnel to be aware of risks during their tasks and projects, in order to avoid risks or mitigate them when required. The execution of risk analyses is embedded in daily business in, for example, projects, product design and outsourcing. </p><p>In doing so, a.s.r. aims to create a solid risk culture in which ethical values, desired behaviours and understanding of risk in the entity are fully embedded. Integrity is of the utmost importance at a.s.r.: this is translated into a code of conduct and strict application policies for new and existing personnel, such as taking an oath or solemn affirmation when entering the company, and the \u2018fit and proper\u2019 aspect of the Solvency II regulation, ensuring that a.s.r. is overseen and managed in a professional manner. </p><p>Furthermore, a.s.r. believes it is important that a culture is created in which risks can be discussed openly and where risks are not merely perceived to be negative and highlight that risks can also present a.s.r. with opportunities. Risk Management (both centralised and decentralised) and Compliance are positioned as such, that they can communicate and report on risks independently and transparently, which also contributes to creating a proper risk culture. </p><h1 class=\"S_SUBSUBPARAGRAPH\" id=\"n4306176\"><span class=\"number\">7.8.1.1.6 </span><span class=\"title-text\">Risk management process </span></h1><p>The RM process typically comprises of five important steps: 1) identifying; 2) measuring; 3) managing; 4) monitoring and reporting; and 5) evaluating. a.s.r. has defined a procedure for performing risk analyses and standards for specific assessments. The five different steps are explained in this chapter. </p><div class=\"header header-3\">Identifying </div><p>Management should endeavour to identify all possible risks that may impact the strategic, tactical and operational objectives of a.s.r., ranging from the larger and / or more significant risks posed on the overall business, down to the smaller risks associated with individual projects or smaller business lines. Risk identification comprises of the process of identifying and describing risk sources, events, and the causes and effects of those events. </p><div class=\"header header-3\">Measuring </div><p>After risks have been identified, quantitative or qualitative assessments of these risks take place to estimate the likelihood and impact associated with them. Methods applicable to the assessment of risks are: </p><ul><li><p>Sensitivity analysis </p></li><li><p>Stress testing </p></li><li><p>Scenario analysis </p></li><li><p>Expert judgments (regarding likelihood and impact) </p></li><li><p>Portfolio analysis </p></li></ul><div class=\"header header-3\">Managing </div><p>Typically, there are four strategies to managing risk: </p><ul><li><p><i>Accept</i>: risk acceptance means accepting that a risk might have consequences, without taking any further mitigating measures. </p></li><li><p><i>Avoid</i>: risk avoidance is the elimination of activities that cause the risk. </p></li><li><p><i>Transfer</i>: risk transference is transferring the impact of the risk to a third party. </p></li><li><p><i>Mitigate</i>: risk mitigation involves the mitigation of the risk likelihood and / or impact. </p></li></ul><p>RM strategies are chosen in a way that ensures that a.s.r. remains within the risk appetite tolerance levels and limits. </p><div class=\"header header-3\">Monitoring and reporting </div><p>The risk identification process is not a continuous exercise. Therefore, risk monitoring and reporting are required to capture changes in environments and conditions. This also means that RM strategies could, or perhaps should, be adapted in accordance with risk appetite tolerance levels and limits. </p><div class=\"header header-3\">Evaluating </div><p>The evaluation step is twofold. On the one hand, evaluation means risk exposures are evaluated against risk appetite tolerance levels and limits, taking (the effectiveness of) existing mitigation measures into account. The outcome of the evaluation could lead to a decision regarding further mitigating measures or changes in RM strategies. On the other hand, the RM framework (including the risk management processes) is evaluated by the RM function, in order to continuously improve the effectiveness of the RM framework as a whole. </p><h1 class=\"S_SUBSUBPARAGRAPH\" id=\"n4306177\"><span class=\"number\">7.8.1.1.7 </span><span class=\"title-text\"><b>Assessment of the RM and Internal Control system </b></span></h1><p>As part of the Statement on RM (hereafter: VOR, 'Verklaring omtrent Risicobeheersing'), and Internal Control system, a.s.r. applies a structured process to assess the design and effectiveness of its RM and control system. This process is aligned with the Dutch Corporate Governance Code and regulatory requirements and includes: </p><ul><li><p>Framework and Governance: based on internationally recognised standards (COSO ERM, ISO 31000) and operating within the three lines model, with clear allocation of responsibilities and escalation paths to the EB and A&amp;RC. </p></li><li><p>Assessment Approach: combines self-assessments by the first line, second-line reviews by Risk Management and Compliance, and independent audits by Internal Audit to provide a comprehensive view of system effectiveness. </p></li><li><p>Assurance Mapping: assurance mapping is used to document the level of assurance for each critical risk category. This mapping identifies responsibilities, testing activities, and any gaps across the assurance chain, which includes first- and second-line functions. The mapping is updated annually and discussed in relevant risk committees. </p></li><li><p>Effectiveness Assessment: key elements of the RM process are supported by defined effectiveness criteria, monitored against thresholds to confirm proper functioning and provide confidence to the EB. </p></li><li><p>GRC Technology: GRC software supports risk registration, control tracking, incident management, and reporting through dashboards and risk reports. </p></li><li><p>Monitoring and Reporting: continuous second-line monitoring and consolidated reporting ensure oversight and accountability, with improvement actions implemented where necessary. </p></li></ul><div class=\"header header-2\">Assessment of Control System maturity </div><p>a.s.r. identified several areas for further improvement within its risk management and internal control system. To enhance the overall maturity and effectiveness of the framework, a.s.r. is implementing improvement measures across the following topics: </p><ul><li><p>Risk Governance: a.s.r. evaluates whether risk categories are sufficiently embedded across the risk chain based on assurance mapping. </p></li><li><p>Systems and Data: improved data quality in GRC tooling and dashboarding ensures accuracy, relevance, and alignment with user needs. </p></li><li><p>Processes: a.s.r. aims to improve the execution of risk analyses by strengthening structural planning and ensuring timely, high-quality delivery </p></li><li><p>Risk Frameworks: enhancing frameworks to the desired maturity level, ensuring consistency, adequate control mix, and integration into ORM policies and procedures. </p></li><li><p>Monitoring: strengthen second-line monitoring by further developing the monitoring plan. </p></li></ul><p>These initiatives aim to increase maturity of the RM and internal control system ensuring stronger governance and improved transparency. </p><div class=\"header header-2\">Key Developments </div><p>In 2025, a.s.r. continued to further develop its RM and internal control system following the successful integration of Aegon activities in 2024. The focus was on creating efficient, data-driven processes, standardising methodologies, and reducing complexity through centralisation. These measures aim to improve transparency, ensure consistent practices across the organisation, and maintain cost efficiency. </p><p>Key initiatives included the optimisation of risk management policies and procedures, refinement of risk appetite, development of control frameworks and reporting standards, and the redesign and standardisation of Governance, Risk and Compliance (GRC) tooling. Additional improvements focused on reducing control burden, accelerating reporting cycles, and leveraging innovative solutions such as AI to support the risk management process. </p><p>As part of the PIM, which combines internal model components with standard formula capital charges to determine the SCR, a.s.r. continued to monitor and adjust internal models to ensure alignment with its risk profile and governance requirements. The Model Risk Management (MRM) policy was revised to introduce stricter compliance requirements while allowing greater flexibility for tailored control measures. </p><p>These developments provide a solid foundation for a future-proof risk management system aligned with a.s.r.\u2019s strategic objectives. Efforts will continue in 2026 to further embed these enhancements within the organisation. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295671\"><span class=\"number\">7.8.1.2 </span><span class=\"title-text\">a.s.r.\u2019s risk categories </span></h1><p>A clear and consistent risk taxonomy is fundamental to translating the risk strategy into well-defined risk appetite statements. It provides a structured framework of risk categories relevant to the organisation, serving as a common basis for identifying, assessing, reporting, and monitoring risks. This structure enables strategic objectives to be aligned with specific risk categories, allowing risk appetite to be explicitly determined for each category. </p><p>a.s.r. introduced a new, two-tier taxonomy for non-financial risk (NFR) in 2024. This taxonomy became fully operational in 2025 and now constitutes the standard framework for NFR reporting. The classifications at both Level 1 and Level 2 have been preserved, with risk indicators assigned at both levels in each risk report. Within a.s.r. the following two non-financial risk categories are distinguished: </p><ul><li><p>Operational risk </p></li><li><p>Strategic risk </p></li></ul><p>a.s.r. also revised the taxonomy for the financial risks in 2024. Where the risks used to be categorised based on the Standard Formula taxonomy, separate categories are now defined for risks types with a comparable degree of appetite. This results in the following four categories of financial risks: </p><ul><li><p>Underwriting risk </p></li><li><p>Investment &amp; counterparty default risk </p></li><li><p>Mismatch risk </p></li><li><p>Liquidity risk </p></li></ul><p>The Partial Internal Model (PIM) is used the manage the exposure of the different risk types within the appetite of the corresponding category. a.s.r. life, Aegon life, and Aegon Spaarkas have implemented a PIM, which combines internal model components with Standard Formula capital charges to determine the Solvency Capital Requirement (SCR). Following the Use Test requirements of Solvency II, the PIM is also used in the risk management system of a.s.r. </p><p>In addition, a.s.r. recognises sustainability risks arising from environmental, social or governance (ESG) events or conditions. These risks can be financial and non-financial and can be both strategic and operational. This means that all six main risk categories that a.s.r. recognises can be affected by sustainability risks. In chapter 6 of the annual report and in the paragraph climate change, a.s.r. briefly describes how a.s.r. identifies, measures and manages climate risks and opportunities for its business. </p><div class=\"header header-2\">Underwriting risk </div><p>Underwriting risk is the risk that premium and / or investment income or outstanding reserves will not be sufficient to cover current or future payment obligations, due to the application of inaccurate technical or other assumptions and principles when developing and pricing products. a.s.r. recognises the following insurance risks: </p><ul><li><p>Life underwriting risk </p></li><li><p>Health underwriting risk </p></li><li><p>Non-life underwriting risk </p></li></ul><div class=\"header header-2\">Investment &amp; counterparty risk </div><p>The risk of changes in values caused by market prices or volatility of market prices differing from their expected values, or losses due to the unexpected failure to pay or credit rating downgrade of counterparties and debtors. The following types of risks are distinguished: </p><ul><li><p>Fixed income risk </p></li><li><p>Mortgage prepayment risk </p></li><li><p>Equity level risk </p></li><li><p>Equity volatility risk </p></li><li><p>Property risk </p></li><li><p>Currency risk </p></li><li><p>Concentration risk / market concentration risk </p></li><li><p>Counterparty default risk </p></li></ul><div class=\"header header-2\">Mismatch risk </div><p>The risk of losses caused by market movements that impact the assets and liabilities side of the balance sheet differently. The following risk types are distinguished: </p><ul><li><p>Interest rate risk </p></li><li><p>Interest rate volatility risk </p></li><li><p>Inflation risk </p></li></ul><div class=\"header header-2\">Liquidity risk </div><p>Liquidity risk is the risk that a.s.r. is not able to meet its financial obligations to policyholders and other creditors when they become due and payable, at a reasonable cost and in a timely manner. </p><div class=\"header header-2\">Operational risk </div><p>Operational risk is the risk of losses caused by weak or failing internal procedures, weaknesses in the action taken by personnel, weaknesses in systems or because of external events. The following subcategories of operational risk are used, among others: </p><ul><li><p>Process </p></li><li><p>Information technology </p></li><li><p>Project </p></li><li><p>Reporting &amp; Model </p></li><li><p>Integrity </p></li></ul><div class=\"header header-2\">Strategic risk </div><p>Strategic risk is the risk of a.s.r. or its business lines failing to achieve the objectives due to incorrect decision-making, incorrect implementation and / or an inadequate response to changes in the environment. Such changes may arise in the following areas: </p><ul><li><p>Macro-economic </p></li><li><p>Geopolitical instability </p></li><li><p>Climate change and energy transition </p></li><li><p>Cyber and information security </p></li><li><p>Artificial intelligence </p></li><li><p>Regulation </p></li><li><p>Biodiversity </p></li><li><p>Social tensions </p></li><li><p>Pandemics </p></li></ul><p>Strategic risk may arise due to a mismatch between two or more of the following components: the objectives (resulting from the strategy), the resources used to achieve the objectives, the quality of implementation, the economic climate and / or the market in which a.s.r. and / or its business lines operate. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295619\"><span class=\"number\">7.8.1.3 </span><span class=\"title-text\">Climate change &amp; Biodiversity </span></h1><p>In addition to the six main risk categories, a.s.r. acknowledges that sustainability risks - stemming from environmental, social, or governance (ESG) factors - are not separate risks, but risks that affect the existing categories. These sustainability risks can manifest as both financial and non-financial impacts, and may influence strategic as well as operational aspects. Consequently, each of the six main risk categories recognised by a.s.r. can be affected by ESG-related developments. </p><p>Climate-related risks are divided into physical, transition and reputational risks. Physical risks arise from more frequent and severe climate events. Physical risks can be acute, such as extreme weather events, or chronic when they arise from gradual changes such as water shortages or rising temperatures. Transition risks result from the process of adjustment towards a climate-neutral society. The failure to appropriately address these adjustments can result in reputational risk. </p><div class=\"header header-2\">Risk assessments </div><p>Transition risks apply in particular to investments and financing. The scenario analysis for transition risks is performed by considering the proposal from the Strategic Asset Allocation (SAA) 2025 under four climate scenarios. The dynamically managed market risk budgets are resilient to the climate impact with regard to the development of the SII ratio over the coming 20 years. </p><p>The ORSA assesses the overall solvency needs of a.s.r. in the context of the strategic plans making allowance for the current and expected solvency positions, the risk appetite and solvency targets. Physical climate risks are mainly associated with the Non-life portfolio and adequately priced in the products. Physical climate risks (a major storm and major flood) are assessed in the ORSA combined business scenario\u2019s for the Non-life portfolio. Within life and health insurance, the impact is mainly in the longer term and was not quantified in the standard ORSA horizon of five years. Therefore, since the ORSA 2023, a.s.r. introduced a climate scenario with a horizon of ten years. Starting point for this climate scenario is the failed transition, which is the most negative scenario from the SAA study. In addition a.s.r. Real estate, Non-Life, Health and Disability are exposed to physical climate risk. </p><p>As part of CSRD, a.s.r. conducted an update of its Double Materiality Assessment (DMA) in 2025, following the completion of the first assessment in 2024. The DMA is performed every three years, between these years an update of the assessment is made. The updated material topics are included in chapter 6. In parallel, a.s.r. is in the process of integrating risk management activities related to CSRD sustainability reporting into its existing risk management framework. Risk related to CSRD reporting are identified and corresponding controls were established to ensure the accuracy, completeness, and timeliness of sustainability reporting, particularly regarding newly disclosed items. Furthermore, a governance structure is in place to address sustainability matters, including reporting obligations. The ongoing integration of CSRD-related risk management activities is expected to enhance organisational efficiency, strengthen the reliability of reporting, and ensure compliance with regulatory requirements. </p><p>Overall, climate risks as a result of climate change and the energy transition are incorporated into a.s.r.\u2019s risk appetite and part of the regular risk management processes such as the annual group-wide SRA process. Material climate risks identified in the SRA process, including storms and floods, are incorporated into the scenario analysis of the ORSA and quantified by the business actuary teams. </p><div class=\"header header-2\">Technical provisions </div><p>The net impact of climate change and biodiversity loss on the current Technical Provisions or SCR calculation is considered to be limited. In the previous years assessments of the impact of sustainability factors on the portfolio and on prudential risks have been performed that substantiate this conclusion. The assessment of the impact of sustainability factors on the portfolio has been updated in 2025 and was input for the non-economic assumptions setting processes. Based on these and other analysis the limited net impact is confirmed. For the Life and Pension business the impact of climate change on life expectancy is considered to be limited. Increased inflation caused by social or geopolitical factors is adequately valued in the liabilities. The inflation sensitivity of the technical provision related to claims that are directly linked to an index are hedged with inflation swaps and inflation linked bonds. The inflation sensitivity of the technical provision related to costs are only partly hedged with inflation swaps and for the remainder hedged with real estate and stocks. The Non-life business is characterised by a short contract boundary, most premiums can therefore yearly be adjusted to the gradually impact of climate change. </p><p>Part of the DMA is the financial materiality assessment (see section 6.1.4.2). The results of 2024 and the update in 2025 of the financial materiality assessment did not result in different conclusions regarding the scope of the Actuarial Function. The material financial risks that were identified are related to climate change, biodiversity loss and consumers and/or end-users. These risks are related to future developments (medium- and long term horizons) and are not directly related to the current Technical provisions. E.g. the future development of climate change does not have impact on current frequency and severity of events. The Actuarial Function has continuously attention for developments of ESG risks and the potential impact on the technical liabilities, the reinsurance contracts and pricing- and underwriting policies. </p><p>Based on the assessments a.s.r. does not consider ESG to have impact on the method or results of current Technical Provisions or SCR calculation. The ESG risks are expected to be within the limits of the SCR. This conclusion is applicable to both the a.s.r. and Aegon portfolios. </p><p>Reference is made to section 6.1.4.3 for more information how a.s.r. identifies, measures and manages climate risks and opportunities for its business. </p><h1 class=\"S_PARAGRAPH\" id=\"n4295577\"><span class=\"number\">7.8.2 </span><span class=\"title-text\">Underwriting risk </span></h1><p>Underwriting risk is the risk that future insurance claims and benefits cannot be covered by premium and / or investment income, or that insurance liabilities are not sufficient, because future expenses, claims and benefits differ from the assumptions used in determining the best estimate liability. Underwriting risk manifests itself in both the Non-life and the Life portfolio. The Non-life portfolio covers the property and casualty, disability and healthcare sectors. The Life portfolio consists of individual life and funeral and pensions business. </p><p>Risk-mitigating measures are used to reduce and contain the volatility of results or to decrease the possible negative impact on value as an alternative for the capital requirement. Proper pricing, underwriting, reinsurance, claims management, and diversification are the main risk mitigating actions for underwriting risks. By offering a range of different insurance products, with various product benefits and contract lengths, and across Life, Disability and Health and P&amp;C underwriting risk, a.s.r. reduces the likelihood that a single risk event will have a material impact on a.s.r.\u2019s financial condition. </p><p>The solvency buffer is held by a.s.r. to cover the risk that claims may exceed the available insurance provisions and to ensure its solidity. The solvency position of a.s.r. is determined and continuously monitored in order to assess if a.s.r. meets the regulatory requirements. </p><p>a.s.r. life, Aegon life and Aegon spaarkas use a Partial Internal Model (PIM) to calculate the solvency position. The PIM contains Internal Models for (i) mortality risk and (ii) longevity risk. For the other risks, the Solvency II standard formula is applied. a.s.r. non-life and a.s.r. health use the Solvency II standard formula (SF) to calculate the solvency position. </p><p>The Solvency Capital Requirement (SCR) for each insurance risk is determined as the change in own funds caused by a predetermined shock which is calibrated to a 1-in-200-year event. The basis for these calculations are the Solvency II technical provisions which are calculated as the sum of a best estimate and a risk margin. </p><p>The underwriting risk arising from the insurance portfolios of a.s.r. is as follows: </p><h3 class=\"table-title\">Underwriting risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\"><b>31 December 2024 </b></th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>IM </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>IM </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Life underwriting risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,037 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,280 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,757 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,039 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Health underwriting risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,686 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,572 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Non-life underwriting risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">769 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">745 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total excluding diversification between underwriting risks </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,492 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,280 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,074 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,039 </b></td></tr></tbody></table><br/><p>The Life underwriting risk decreased mainly as a result of the implementation of the PIM methodology for a.s.r. life where longevity risk and mortality risk are based on the PIM. Furthermore, there is a lower impact due to assumption changes and economic variances. </p><p>The Health underwriting risk increased mainly as a result of the growth of the sum insured. Non-life underwriting risk increased due to growth of the sum insured, changes in interest rates and a the new reinsurance agreement with a.s.r. health. </p><div class=\"header header-1\">Solvency II sensitivities </div><p>a.s.r. has assessed the impact of various sensitivities on the solvency ratio. The sensitivities as at 31 December 2025 and 2024, expressed as impact on the group solvency ratio (in percentage points) are as follows: </p><h3 class=\"table-title\">Solvency II sensitivities - insurance risks </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\">Effect on: </th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Available capital </th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Required capital </th><th class=\"valign-bottom startCol-6 endCol-7 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Ratio </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Type of risk (%-points) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expenses +10% </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-6 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortality rates, all products -5% </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-5 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-5 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Lapse rates -10% </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr></tbody></table><br/><h3 class=\"table-title\">Solvency II sensitivities - explanation </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:22%;\"/><col style=\"width:0%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Risk </b></th><th class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Scenario </b></th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Expense risk </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a 10% increase in expense levels. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Mortality risk </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a 5% decrease in all mortality rates. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Lapse risk </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the risk of a 10% decrease in lapse rates. </td></tr></tbody></table><br/><p>The table shows that the SCR sensitivities in 2025 are similar to the sensitivities of 2024. The impact on the ratio is the opposite if a reversed scenario is taken into account. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4306165\"><span class=\"number\">7.8.2.1 </span><span class=\"title-text\">Life Underwriting risk </span></h1><p>The Life portfolio can be divided into Individual life and Funeral and Pensions. The insurance contracts are sold primarily to retail and wholesale clients through intermediaries. </p><p>The products are sold as insurance products in cash or unit-linked contracts. With respect to products in cash, the investment risk is fully borne by the insurer whereas, in the case of unit-linked products, the majority of the investment risk is for the policyholder\u2019s account. </p><p>The solvency capital requirement (SCR) for Life underwriting risks is determined per policy for the Funeral and Individual Life portfolio and per participant for the Pension portfolio. All shocks are applied to each policy/participant and an SCR value is only determined if applying the shock leads to a higher best estimate. </p><p>The following Life underwriting risks are involved: </p><div class=\"header header-2\">Mortality risk </div><p>Mortality risk is associated with (re)insurance obligations, such as endowment or term assurance policies, where a payment or payments are made in case of the policyholder\u2019s death during the contract term. The required capital for this risk under SF is calculated as the change in own funds of a permanent increase of mortality rates by 15% for all ages and each policy. The SF calculation applies to the 2024 figures of a.s.r. life. As of 2025, a.s.r life is also based on an Internal Model to calculate the mortality risk factor, al long with Aegon life and Aegon spaarkas. This risk factor contains shocks on both the level (experience) and the trend (population) of the mortality table. It projects mortality rates by age and gender. </p><div class=\"header header-2\">Longevity risk </div><p>Longevity risk is associated with (re)insurance obligations where payments are made until the death of the policyholder and where a decrease in mortality rates results in higher technical provisions. The required capital for this risk under SF is calculated as the change in own funds of a permanent decrease of mortality rates by 20%. The SF calculation applies to the 2024 figures of a.s.r. life. As of 2025, a.s.r life is also based on an Internal Model to calculate the longevity risk factor, al long with Aegon life and Aegon spaarkas. This risk factor contains shocks on both the level (experience) and the trend (population) of the mortality table. It projects mortality rates by age and gender. </p><div class=\"header header-2\">Disability-morbidity risk </div><p>Morbidity or disability risk is associated with all types of insurance compensating or reimbursing losses (e.g. loss of income, adverse changes in the best estimate of the liabilities) caused by changes in the morbidity or disability rates. Solvency II prescribes a 35% increase in disability rates for the first year, 25% for subsequent years, combined with a decrease in recovery rates of 20%. The disability-morbidity risk is calculated on policy level by increasing the experience percentage with 35% for the first year and 25% in the second. For the IBNR reserve the shock is simplified to an average of 30% for the 2-year IBNR cashflow. Because revalidation risk is very small, no shock is modelled for this risk. </p><div class=\"header header-2\">Lapse risk </div><p>Lapse risk is the risk of losses (or adverse changes in the best estimate of the liabilities) due to an unanticipated (higher or lower) rate of policy lapses, terminations, changes to paid-up status (cessation of premium payment) and surrenders. </p><p>Lapse risk arises from economic losses due to policyholder behaviour deviating from expectations. Insurance contracts typically provide policyholders with a variety of options that they may or may not exercise. Lapse risk is the risk that actual policyholder behaviour deviates from the assumptions built into the reserve calculations. This includes assumptions about lapses, withdrawals, premium payment levels, allocation of funds, and the utilisation of possible options in the products. </p><p>In general, a lapse shock is only applied if a Solvency II lapse event is actually considered possible under the conditions of the insurance contract. For instance a paid-up policy that cannot be surrendered is not taken into account. </p><p>The effect of the lapse risk is equal to the highest result of a permanent increase in lapse rates of 50%, a permanent decrease in lapse rates of 50% or a mass lapse event (an instant lapse event of 40% of all policies). For the mass lapse event, the lapse risk is calculated as the maximum on policy level of a mass surrender or a mass paid-up event. </p><p>Within the Individual life portfolio there is a group of policies directly linked to a mortgage loan ('Spaarhypotheken'). In case the mortgage loan is not provided by a.s.r., but by another party, which is the case for most of these policies, the interest that a.s.r. reimburses to the policyholder is transfered from the party that has provided the mortgage loan. This cashflow of interests from the provider of the mortgage loan to a.s.r. represents an asset. The cashflow and value of this asset depends on the cashflow of the linked savings policy. Therefore, the change in this asset value due to mortality or lapse is taken into account when determining the SCR for Life insurance risks. </p><div class=\"header header-2\">Expense risk </div><p>A calculation is made of the effect on own funds of a permanent increase in costs used for determining the best estimate. It consists of an increase in the costs of 10% and an increase in the cost inflation of 1 percentage point per year. For investment costs only an increase of 10% applies, since it has been substantiated that increases due to inflation including a shock can be absorbed by the Best Estimate itself and asset management for external parties. </p><div class=\"header header-2\">Life catastrophe risk </div><p>Catastrophe risk arises from extreme events which are not captured in the other Life underwriting risks, such as pandemics. The capital requirement for this risk is calculated as a 0.5%-points increase in mortality rates in the first projected year for (re)insurance obligations where the increase in mortality rates leads to an increase in technical provisions. </p><div class=\"header header-2\">Employee benefits </div><p>a.s.r. has a number of defined benefit plans for own staff in place. These are schemes, under which staff are awarded pension benefits upon retirement, usually dependent on one or more factors such as years of service and salary. The defined benefit obligation is calculated by independent actuaries at each reporting date. </p><p>Pension obligations are calculated using the projected unit credit method. Inherent to this method is the application of actuarial assumptions to discount rates, mortality rates and consumer price indices. </p><p>The assumptions are reviewed and updated at each reporting date based on available (market) data. The discount rate (31 December 2025: 4,00%) is based on the return (zero coupon rate) of high-quality corporate bonds (AA rating) and the cash flow pattern of the pension obligation. For SCR purposes, the IFRS value of the own pension contract is based on the IAS19 valuation methodology. The explanatory guidelines explain that the IAS19 valuation is consistent with Solvency II. </p><p>As of 1 January 2021 a defined contribution plan is in place. The accrued pensions (until 1 January 2021) will remain guaranteed at a.s.r. life and are not transferred to the defined contribution plan. The former employees of Aegon NL were added to the defined contribution plan as of 1 October 2023. </p><div class=\"header header-2\">Other information </div><p>Within the life business the longevity risk is dominant and arises from group pension business (including buyouts) and individual annuities. The longevity risk is partly offset by mortality risk that arises from the Funeral portfolio and Individual Life policies with mortality. For Aegon life the longevity risk is also reduced by longevity risk reinsurance contracts. The other main risks the life business is exposed to are expense risk and lapse risk. </p><p>The table summarises the required capital for abovementioned life insurance risks based on the PIM after application of Loss Absorbing Capacity of Technical Provisions (LAC TP). The impact of LAC TP decreased in 2025 to \u20ac\u00a0109 million (2024: \u20ac\u00a0165 million). </p><h3 class=\"table-title\">Life underwriting risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortality risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">276 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">237 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Longevity risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,512 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,855 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disability-morbidity risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">24 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Lapse risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">573 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">768 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expense risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">733 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">861 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revision risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Catastrophe risk (subtotal) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">243 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">246 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diversification </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1,330 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1,234 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Life underwriting risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,037 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,757 </b></td></tr></tbody></table><br/><p>As of 2025, due to the changed risk taxonomy lapse persistency mortgages and lapse contagion liabilities are no longer part of the life underwriting risk, but part of spread risk. </p><p>The impact for mortality and longevity risk is mainly driven by the PIM implementation for a.s.r. life. Note that for a.s.r life mortality and longevity risk included in the 2024 figures is based on SF. Expense risk decreased mainly due to the assumption updates and economic varianciances. Lapse risk decreased mainly due to the removal of lapse persistency mortgages and lapse contagion liabilities as a result of a change in the risk taxonomy. Note that the total underwriting risk is lower than the sum underlying component because of diversification benefits between the SF and IM risks. </p><p>For the Life portfolio, the provision at year-end (provided figures are without reductions resulting from reinsurance contracts) can be broken down as follows under Solvency II: </p><h3 class=\"table-title\">Life portfolio - technical provisions per segment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Insurance with profit participation </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Best estimate </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">18,760 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">21,106 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk margin </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">612 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">846 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Technical provision </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>19,372 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>21,952 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Other life insurance </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Best estimate </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30,755 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">30,640 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk margin </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">734 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,048 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Technical provision </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>31,489 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>31,687 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Index-linked and unit-linked insurance </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Best estimate </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">36,859 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">37,119 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk margin </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">484 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">585 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Technical provision </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>37,343 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>37,704 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Best estimate </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>86,374 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>88,865 </b></td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Risk margin </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,830 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,478 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Technical provision </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>88,204 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>91,343 </b></td></tr></tbody></table><br/><p>In 2025, the technical provision decreased with \u20ac\u00a03,139 million. This was mainly caused by the development of economic parameters, which has a downward effect on the best estimate liabilities of all the portfolios except Other Life insurance. In the segment Other Life insurance buy-outs are included which increased the best estimate liabilities, which was offset by increase of interest rates. The risk margin decreased in 2025 with \u20ac\u00a0648 million, mainly due the PIM implementation for a.s.r. life. </p><h1 class=\"S_SUBSUBPARAGRAPH\" id=\"n4306166\"><span class=\"number\">7.8.2.1.1 </span><span class=\"title-text\">Managing Life underwriting risk </span></h1><p>Life underwriting risk is mitigated by pricing, underwriting policies and reinsurance. </p><p>Pricing is based on profit capacity calculations. A calculation is made of the price required to cover the insurance liabilities, expenses and risks. </p><p>Underwriting policies describe the types of risks and the extent of risk a.s.r. is willing to accept. Policyholders may be subjected to medical screening for both Individual life and Funeral insurance. </p><div class=\"header header-2\">Reinsurance </div><p>Reinsurance and other risk-mitigating measures are used to reduce the volatility of results or to decrease the possible negative impact on value as an alternative to the capital requirement. Reinsurance arrangements have been set up to mitigate the effects of catastrophes on earnings. </p><p>The level of retention in different reinsurance contracts is aligned with the size and the risk profile of the underlying portfolios. This includes taking account of the cost of reinsurance on the one hand, and the risk that is retained on the other. </p><p>In December 2025, Aegon life has entered into another longevity reinsurance contract with a reinsurer. The contract reinsures a specified portfolio of insurance contracts of a buy-out against possible future mortality developments. The size of the underlying portfolio is \u20ac\u00a01.3 billion. The reinsurer will pay benefits as long as the participants live and receive fixed payments from Aegon life. A net reinsurance asset/liability is recognised in accordance with applicable IFRS requirements, using the general measurement model. </p><p>The total of indemnity swap reinsurance contracts related underlying portfolios corresponded to approximately \u20ac\u00a013.9 billion of liabilities (2024: approximately \u20ac\u00a012.5 billion). The agreements cover the longevity risk associated with policyholders, including deferred pensioners and in-payment policies of pensioners and dependents during the full run-off of these policies. </p><p>All agreements are collateralised to mitigate any potential counterparty risk and the agreements have no impact on the services and guarantees that are provided to the policyholders. At year-end 2025 \u20ac\u00a0432 million (market value \u20ac\u00a0427 million) has been posted as collateral with respect to the longevity reinsurance contracts (2024: \u20ac\u00a0491 million collateral, market value \u20ac\u00a0519 million). Collateral positions as part of the reinsurance transaction are included in the regular financial statements\u00a0disclosures on collateral, i.e. as part of the counterparty default risk notes in the risk management paragraph and the note on transfer of financial assets. </p><p>Together, these agreements mitigate approximately 30% of the longevity risk exposure of a.s.r. As such, these agreements strongly reduce the concentration of risk exposure in longevity risk and help to diversify the risk profile of a.s.r. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4306167\"><span class=\"number\">7.8.2.2 </span><span class=\"title-text\">Health underwriting risk and Non-life underwriting risk </span></h1><h1 class=\"S_SUBSUBPARAGRAPH\" id=\"n4306168\"><span class=\"number\">7.8.2.2.1 </span><span class=\"title-text\">Health underwriting risk </span></h1><p>The Health underwriting portfolio of a.s.r. is diverse. The portfolio can be divided into two main product types: </p><ul><li><p>SLT Health portfolio (Similar to Life Techniques) Income Protection, which can be divided into: </p><ul><li><p>Individual Disability (Zelfstandigen) </p></li><li><p>Group Disability (WIA) </p></li><li><p>Premium waiver in case of disability (PVI) </p></li></ul></li><li><p>NSLT Health portfolio (Not Similar to Life Techniques), which can be divided into: </p><ul><li><p>Income Protection (Sickness, and Individual and Group Accident) </p></li><li><p>Medical Expenses (Basic and Supplementary) </p></li></ul></li></ul><p>The insurance contracts are sold primarily to retail and wholesale clients through intermediaries. </p><p>The Health insurance portfolio of a.s.r. contains the following underwriting risks: </p><ul><li><p>SLT Health risk </p><ul><li><p>This risk is applicable to the SLT Health portfolio. The calculation is scenario-based, according to the standard formula. </p></li></ul></li><li><p>NSLT Health risk </p><ul><li><p>This risk is applicable to the NSLT Health portfolio. The calculation is factor-based. The risk is calculated similarly to the Non-life insurance risk. </p></li></ul></li><li><p>Health Catastrophe risk </p><ul><li><p>This risk is applicable to the entire Health portfolio. The calculation is scenario-based. </p></li></ul></li></ul><div class=\"header header-2\">SLT Health Risk </div><div class=\"header header-3\">Mortality risk </div><p>Mortality risk is associated with (re)insurance obligations where payments are made upon the death of the policyholder and where an increase in mortality rates results in higher technical provisions. The required capital is calculated as the change in own funds of a permanent 15% increase in mortality rates. The increase in mortality rates is applied to portfolios where payments are contingent on mortality risk. The increase in mortality rates leads to an increase of the own funds. Therefore the mortality risk is zero for the Health portfolio. </p><div class=\"header header-3\">Longevity risk </div><p>Longevity risk is associated with (re)insurance obligations where payments are made until the death of the policyholder and where a decrease in mortality rates results in higher technical provisions. The required capital is calculated as the change in own funds of a permanent 20% decrease in mortality rates. The decrease in mortality rates is applied to portfolios where payments are contingent on longevity risk. </p><div class=\"header header-3\">Disability-morbidity risk </div><p>Morbidity or disability risk is the main risk to the SLT Health portfolio. The scenario analysis consists of a 35% increase in disability rates for the first year, 25% for subsequent years, combined with a decrease in revalidation rates of 20%. </p><div class=\"header header-3\">Expense risk </div><p>A calculation is made of the effect of a permanent increase in costs, which is used for determining the best estimate. The scenario analysis contains an increase in the costs of 10% and an increase in the cost inflation of 1 percentage point per year. </p><div class=\"header header-3\">Revision risk </div><p>The revision risk is the risk that a higher benefit is caused by either inflation or a revision of the disability percentage. Benefits that are sensitive to inflation and / or an increase in the disability percentage will be increased by 4%. </p><div class=\"header header-3\">Lapse risk </div><p>Lapse risk is the risk of losses (or adverse changes in the best estimate of the liabilities) due to an unanticipated (higher or lower) rate of policy lapses, terminations, changes to paid-up status (cessation of premium payment) and surrenders. The effect of the lapse risk is equal to the highest result of a permanent 50% increase in lapse rates, a permanent 50% decrease in lapse rates or a mass lapse event (40% mass lapse). For the SLT Health portfolio, the mass lapse event is dominant. </p><div class=\"header header-3\">Future management action </div><p>According to the insurance conditions, a.s.r. non-life has the ability to adjust the premiums and insurance conditions group wise in the future for the disability portfolio. Therefore, the contract boundary of the disability contracts without an individual risk assessment at acceptance is equal to the contract term. For contracts with an individual risk assessment at acceptance, the contract boundary is equal to the end age, because the contracts will be tacitly renewed until the end age is reached, without repeating the risk assessment. These contracts with an individual risk assessment involve the Individual Self-employed and the Individual Employees portfolio\u2019s. For these portfolio\u2019s, a.s.r. non-life applies a future management action (FMA), as noted in article 23 of the Delegated Acts. The trigger, as defined in the FMA, is hit in the Income Protection Disability-Morbidity Risk (article 156 DA) scenario. </p><p>For a number of Loyalis products within the group disability portfolio, it is determined annually whether the insured amounts are indexed. For the majority of the portfolio, there is a conditional indexation based on a (discretionary) management decision, based among other things on interest result. In a financially unfavourable year, there is the possibility of not paying out indexation, which is a FMA as noted in article 23 of the Delegated Acts. </p><div class=\"header header-2\">NSLT Health Risk </div><div class=\"header header-3\">NSLT Premium and reserve risk </div><p>The premium risk is the risk that the premium is not adequate for the underwritten risk. The premium risk is calculated over the maximum of the expected earned premium of the next year, and the earned premium of the current year. The reserve risk is the risk that the current reserves are insufficient to cover their run-off over a 12 month time horizon. </p><p>The NSLT Premium and reserve risk can be split into the following underwriting risks: </p><ul><li><p>Medical Expense </p><ul><li><p>The premium risk is the risk that the premium is not adequate for the underwritten risk. The premium risk is calculated over the maximum of the expected earned premium of the next year, and the earned premium of the current year. </p><p>Reserve risk is the risk that the current reserves are insufficient to cover the claims over a 12-month time horizon. </p></li></ul></li><li><p>Income Protection </p><ul><li><p>This component is calculated for policies for which an increase in mortality rates or morbidity rates or disability rates leads to an increase in the best estimate. There are three scenarios, which are calculated for all NSLT Health and portfolios. </p></li></ul></li></ul><div class=\"header header-3\">NSLT lapse risk </div><p>The basic and additional health insurance are compulsory insurance contracts for one year without intermediate possibility of termination and therefore lapse risk is negligible for the basic health insurance. </p><div class=\"header header-2\">Health catastrophe risk </div><div class=\"header header-3\">Medical Expense </div><p>A health catastrophe for the NSLT Health portfolio is an unexpected future event with a duration of one year. The risk is determined ultimo year. The amount of catastrophe risk is apparent from the number of insured and parameters for mass accident scenario and pandemic scenario that have been approved by DNB in consultation with Health Insurers Netherlands. Accident concentration is not applicable for NSLT Health. The catastrophe risk has a projection of one year (T) following from the contract boundary of one year in accordance with the Dutch Health Insurance Act. After year T the risk is \u2018zero\u2019. Catastrophe risk for a.s.r. health supplementary equals zero because these contracts have a maximum compensation for claims. </p><div class=\"header header-3\">Income Protection Mass accident scenario </div><p>In this scenario, an accident takes place during a major public event. The risk is that 10% of the attendees are killed, 3.5% are permanently disabled, 16.5% are disabled for 12 months and 30% need medical attention. </p><div class=\"header header-3\">Income Protection Accident concentration scenario </div><p>In this scenario, an accident takes place on site, with the most of our insured at the same location. The risk is that 10% of those present are killed, 3.5% are permanently disabled, 16.5% are disabled for 12 months and 30% need medical attention. </p><div class=\"header header-3\">Income Protection Pandemic scenario </div><p>In this scenario, there is a pandemic, which causes 1% of those affected to be hospitalised and 20% to see a local practitioner. </p><p>The table summarises the required capital for abovementioned Health insurance risks based on the standard model. </p><h3 class=\"table-title\">Health underwriting risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:15%;\"/><col style=\"width:15%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Health SLT </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,336 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,234 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Health Non-SLT </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">519 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">499 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Catastrophe Risk (subtotal) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">92 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">88 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diversification </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-262 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-249 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Health (Total) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,686 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,572 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortality risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Longevity risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">77 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">79 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Disability-morbidity risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,130 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,021 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Expense risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">150 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">156 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Revision risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">289 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">288 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Lapse risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">323 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">296 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diversification </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-634 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-605 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Health SLT (subtotal) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,336 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,234 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Medical expenses insurance and proportional reinsurance </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">173 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">155 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Income protection insurance and proportional reinsurance </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">410 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">403 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diversification </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-64 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-59 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Health Non-SLT (subtotal) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>519 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>499 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mass accident risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">30 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">27 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Accident concentration risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">75 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pandemic risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">45 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">38 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diversification </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-57 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-51 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Catastrophe risk (subtotal) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>92 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>88 </b></td></tr></tbody></table><br/><p>The SCR for the Health Non-SLT risk differs from the sum of the amounts reported in the OTSO QRTs. This difference is caused due to a diversification benefit on group level. </p><p>For the SLT Health portfolio, the provision at year-end can be broken down as follows under Solvency II. </p><h3 class=\"table-title\">SLT Health portfolio - technical provisions per segment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:15%;\"/><col style=\"width:15%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Best estimate </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">5,156 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,968 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk margin </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">539 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">545 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Technical provision </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>5,695 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,513 </b></td></tr></tbody></table><br/><p>For the NSLT Health portfolio, the provision at year-end can be broken down as follows under Solvency II. </p><h3 class=\"table-title\">NSLT Health portfolio - technical provisions per segment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:15%;\"/><col style=\"width:15%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Best estimate </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">652 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">603 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk margin </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">66 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">60 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Technical provision </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>718 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>663 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBSUBPARAGRAPH\" id=\"n4306169\"><span class=\"number\">7.8.2.2.2 </span><span class=\"title-text\">Non-life underwriting risk </span></h1><p>Non-life Insurance risk can be broken down into: </p><ul><li><p>Premium and reserve risk </p></li><li><p>Non-life catastrophe risk </p></li><li><p>Lapse risk </p></li></ul><div class=\"header header-2\">Premium- and reserve risk </div><p>The premium- and reserve risk is derived at the level of a legal entity based on the standard model. The premium- and reserve risk is the risk that the premium respectively the reserve is not adequate for the underwritten risk. The reserve risk is associated with historical years, and the premium risk is associated with the future year(s). The premium risk is calculated over the maximum of the expected earned premium for the next year and the earned premium for the current year. For the calculation of the premium- and reserve risk, several input data and parameters are necessary, as described in the standard model. The geographical spread, when a (re)insurer underwrites products in different countries, is not relevant for a.s.r. non-life as there is no material exposure outside the Netherlands. </p><div class=\"header header-2\">Non-life Catastrophe Risk Module </div><p>Catastrophe risk is defined as the risk of loss or adverse change in the value of insurance liabilities, resulting from significant uncertainty of pricing and provisioning assumptions related to extreme or exceptional events. The Non-life SCR Catastrophic Risk Module used, consists of natural catastrophe risk (Windstorm and Hail), man-made catastrophe risk (Fire, Motor and Liability) and other Non-life catastrophe risk. The Non-life Catastrophe Risk Module is derived at the level of a legal entity based on the standard model. </p><div class=\"header header-2\">Lapse risk </div><p>The lapse risk is the loss in basic own funds caused by the discontinuance of 40% of the policies for which discontinuation would result in an increase of technical provisions (without the risk margin). The calculation is based on the type of discontinuance which most negatively affects the basic own funds, which is for Non-life immediately termination of the policy. </p><p>The table summarises the required capital for abovementioned Non-life underwriting risks based on the standard model. </p><h3 class=\"table-title\">Non-life underwriting risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:15%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Premium and reserve risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">709 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">670 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Lapse risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">69 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">58 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Catastrophe risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">164 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">193 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diversification </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-172 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-177 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Non-life underwriting risk </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>769 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>745 </b></td></tr><tr><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Natural catastrophe risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">131 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">168 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Man-made catastrophe risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">96 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">94 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other non-life catastrophe risk </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">20 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">19 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diversification </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-84 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-87 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Catastrophe risk (subtotal) </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>164 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>193 </b></td></tr></tbody></table><br/><p>For the Non-life portfolio, the provision at year-end can be broken down as follows under Solvency II: </p><h3 class=\"table-title\">Non-life portfolio - technical provisions per segment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:15%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Best estimate </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,907 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,872 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Risk margin </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">114 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">108 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Technical provision </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,020 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,980 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBSUBPARAGRAPH\" id=\"n4306170\"><span class=\"number\">7.8.2.2.3 </span><span class=\"title-text\">Managing Health and Non-life underwriting risk </span></h1><p>Health and Non-life insurance risk is managed by monitoring claims frequency, the size of claims, inflation, handling time, benefit and claims handling costs, and biometrical risks (disability, recovery, illness, death). Concentration risk also qualifies as an insurance risk. </p><p>In recent years, measures have been taken to improve profitability and reduce risk. Examples are: premium increases, stricter acceptance criteria, shorter claims filing terms and making use of the claims reassessment arrangement between the Dutch Association of insurers and social security institute UWV. Effects are being monitored closely and assessed to be effective. </p><div class=\"header header-2\">Claims frequency, size of claim and inflation </div><p>To mitigate the risk of claims, a.s.r. bases its underwriting policy on claims history and risk models. The policy is applied to each client segment and to each type of activity. In order to limit claims and / or ensure that prices are adjusted correctly, the acceptance policy is continually refined using a number of indicators and statistical analyses. The product lines also use knowledge or expectations with respect to future trends to estimate the frequency, size and inflation of claims. The risk of unexpected major damage claims is contained by policy limits, the concentration of risk management and specific risk transfer contracts (e.g. reinsurance). </p><div class=\"header header-2\">Handling time </div><p>The time required for handling and settling claims is an important factor. The settlement of claims that have a long handling time, such as liability claims, can take many years. Analyses are performed regularly and based on a.s.r.\u2019s experience in similar cases, historical trends \u2013 such as the pattern of liabilities \u2013 increases in risk exposure, payment of damages, the scale of current and not yet settled damage claims, court rulings and economic conditions. </p><div class=\"header header-2\">Benefit and claims handling costs </div><p>Taking estimated future inflation into account, benefit and claims handling costs are managed based on regular reviews and related actions. </p><div class=\"header header-2\">Disability risk </div><p>Disability risk is controlled by means of regular evaluation of historical claims patterns, expected future developments and price adjustments. Disability risk is mitigated by a.s.r. through underwriting criteria and a proactive reintegration policy. a.s.r. non-life ended the mitigation of its disability risk through reinsurance in 2023. The Individual Health SLT portfolio and a small part (Aegon) of the Group Health SLT portfolio is reinsured by a reinsurance contract. For the a.s.r. part of the portfolio this consists of inactive contracts only, for the Aegon part there is one remaining contract active until 1 January 2026. The reinsuring cash flows concern existing claims and are calculated separately in the cash flows models. </p><div class=\"header header-2\">Concentration risk </div><p>Geographically, the risk exposure of a.s.r. on its health and Non-life portfolio is almost entirely concentrated in the Netherlands. Concentration of insurance risks is particularly prevalent in the fire risk portfolio (i.e. home and content, with storm and flood risk forming the most important factor). Storm and flood risk is managed by means of suitable reinsurance (see also \u2018Reinsurance\u2019). </p><p>There is also a concentration of risk in group disability schemes. Group disability contracts are underwritten within the scope of disability cover for employees in the Netherlands (WIA). </p><div class=\"header header-2\">Reinsurance </div><p>When deemed effective in terms of capital relief versus costs incurred, a.s.r. enters into reinsurance agreements to mitigate Non-life and Health insurance risks. Reinsurance can be taken out for each separate claim (per risk), for the accumulation of claims due to natural disasters or to human actions (per event), or for both these risks. </p><p>The level of retention in the various reinsurance contracts is aligned with the size and the risk profile of the underlying portfolios, taking into account of the cost of reinsurance on the one hand, and the risk that is retained on the other. </p><p>To limit risk concentration, reinsurance contracts are placed with various reinsurance companies. a.s.r. requires the counterparties to be rated at least single A-. The structure of the reinsurance program has remained largely the same as in previous years in terms of cover and limits. </p><p>In 2025 a.s.r. purchased excess of loss reinsurance for accident year 2026 for Windstorm. The limit of the reinsurance contract is increased with \u20ac\u00a0100 million to \u20ac\u00a0900 million. </p><p>The Individual Health SLT portfolio and a small part of the Group Health SLT portfolio is reinsured by a reinsurance contract. The reinsuring cash flows concern existing claims and are calculated separately in the cash flows models. The total share of the reinsurances for a.s.r. amounted to \u20ac\u00a0119 million per 31 December 2025. </p><p>In 2025, part of the health portfolio of a.s.r. health basic and a.s.r. health supplementary has been reinsured at a.s.r. non-life via a quota share agreement. The internal reinsurance aims to better diversify the health risks within the a.s.r. group. The internal reinsurance has no effect on the a.s.r. results and has a limited effect on the required capital of a.s.r. </p><h1 class=\"S_PARAGRAPH\" id=\"n4295691\"><span class=\"number\">7.8.3 </span><span class=\"title-text\">Market risk </span></h1><p>Market risk is the risk of potential losses due to adverse movements in financial market variables. Exposure to market risk is measured by the impact of movements in financial variables such as equity prices, interest rates and property prices. </p><p>The various types of market risk which are discussed in this section, are: </p><ul><li><p>mismatch risk </p></li><li><p>equity risk (including equity volatility risk) </p></li><li><p>property risk </p></li><li><p>currency risk </p></li><li><p>spread risk </p></li><li><p>concentration risk </p></li></ul><p>In December 2025, a.s.r. life received approval to use a PIM for determing the required capital. This extends the use of the PIM from Aegon life and Aegon spaarkas to the a.s.r. life entity. This change is applied prospectively. The PIM contains separate modules for (i) interest rate risk, (ii) equity risk, (iii) property risk and (iv) spread risk. For the other risks, the Solvency II standard formula is applied. a.s.r. non-life and a.s.r. health use the Solvency II standard formula to calculate the solvency position. The total market risk is the sum of the SF and IM risks and diversification benefits. </p><p>The table summarises the required capital for market risks calculated as the sum of SF and IM risks, diversification benefits and excludes Deterministic Adjustment (DA). Following the harmonisation of the risk taxonomy per year-end 2025 mortgage prepayment risk is included in spread risk per year-end 2024 mortgage prepayment risk was included in life risk. </p><h3 class=\"table-title\">Market risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mismatch </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,434 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1,465 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,239 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1,892 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">1,311 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1,709 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Currency </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">157 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">403 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Spread </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">3,534 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2,218 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Concentration </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diversification </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-4,133 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-2,235 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\"><b>5,541 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\"><b>5,452 </b></td></tr></tbody></table><br/><p>The main market risks of a.s.r. are mismatch, equity, property and spread risk. This is in line with the risk budgets based on the strategic asset allocation study. The total market risk amounted to \u20ac\u00a05,541 million per year-end 2025 (2024: \u20ac\u00a05,452 million). This includes a SF component of \u20ac\u00a01,617 million (2024: \u20ac\u00a03,485 million) and an IM component of \u20ac\u00a04,108 million (2024: \u20ac\u00a01,966 million). Note that the total market risk is lower than the sum of the SF component and the IM component because of diversification benefits between the SF and IM risks. </p><p>The increase in mismatch risk is mainly driven by the introduction of PIM for a.s.r. Life. The interest rate hedge of a.s.r. life aligned with this new model. </p><p>The increase in equity risk is driven by both a higher equity exposure and a increase of the symmetric adjustment of the equity capital charge to 7,90% (2024: 2,86%). Besides this, the introduction of PIM for a.s.r. Life also leads to an increase of equity risk. </p><p>The decrease in property risk is mainly driven by the introduction of PIM for a.s.r. Life. Besides this, the increase of the real estate portfolio leads to an increase of property risk. </p><p>The decrease in currency risk is the result of both (i) a changed hedge policy in 2025 and (ii) the introduction of PIM for a.s.r. life. The currency risk of shares in scope of PIM are taken into account in the equity risk module and therefore not in scope of SCR Currency risk. The other changes are mainly caused by the fact that a.s.r. life as of 2025 uses a PIM to calculate the solvency position. </p><p>The increase in spread risk is mainly driven by the introduction of PIM for a.s.r. life and the harmonisation of the risk taxonomy per year-end 2025 . Because of this harmonisation the mortgage prepayment risk is included in spread risk as of 2025, per year-end 2024 mortgage prepayment risk was included in life risk. </p><p>Concentration risk remained nil. </p><p>The diversification effect shows the effect of having a well-diversified investment portfolio. </p><p>a.s.r. accepts and manages market risk for the benefit of its customers and other stakeholders. a.s.r.\u2019s risk management and control systems are designed to ensure that these market risks are managed effectively and efficiently, aligned with the risk appetite for the different types of market risks. Market risk reports are submitted to FRC at least once a month. In these reports different types of market risks are monitored and tested against the limits according to the financial risk policies. </p><p>The value of investment funds at year-end 2025 was \u20ac\u00a011,703 million (2024: \u20ac\u00a010,755 million). a.s.r. applies the look-through approach for investment funds to assess the market risk. </p><p>As part of PIM the DA is identified for Aegon life to mitigate volatility caused by the basis risk between (i) the EIOPA VA reference portfolio and (ii) the asset portfolio of Aegon life. The value of the DA at year-end 2025 was \u20ac\u00a0-105 million (2024: \u20ac\u00a0-148 million). Note that the DA is not included in the required capital for market risks, but is rather added on top level to the BSCR. </p><div class=\"header header-2\">Solvency II sensitivities </div><p>The Solvency II SCR is a Value at Risk-measure. Therefore, Solvency II ratio sensitivities are disclosed as the alternative analysis, instead of IFRS sensitivities, as permitted by IFRS. The sensitivities of the solvency ratio as at 31 December 2025, expressed as the impact on the group solvency ratio (in percentage points) are as presented in the table below. The total impact is split between the impact on the solvency ratio related to movement in the available capital and the required capital. The sensitivities are based on the situation per 31 December 2025 and include Financial Institutions. </p><h3 class=\"table-title\">Solvency II sensitivities - market risks </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\">Effect on: </th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Available capital </th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Required capital </th><th class=\"valign-bottom startCol-6 endCol-7 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Ratio </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Scenario (%-point) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate +0.5% (2025 incl. UFR=3.30% / 2024 incl. UFR=3.30%) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate -0.5% (2025 incl. UFR=3.30% / 2024 incl. UFR=3.30%) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest steepening +10 bps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Volatility Adjustment -10 bps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Spread shock sovereigns +50bp en VA +8bp (2024: VA +8bp) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage spread +25 bps (2024: +50 bps) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+4 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity prices -20% </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+12 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+14 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity prices +20% </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+11 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property values -10% </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Spread widening +75bp en VA +18bp (2024: VA +19bp) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+5 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+7 </td></tr></tbody></table><br/><h3 class=\"table-title\">Solvency II sensitivities - explanation </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:29%;\"/><col style=\"width:71%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Risk </b></th><th class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Scenario </b></th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Interest rate risk (incl. UFR=3.30% / 3.30%) </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a parallel 0.5% upward and downward movement of the interest rates. For the liabilities, the extrapolation to the UFR (UFR=3.30% for 2025 and UFR=3.30% for 2024) after the last liquid point of 20 years remained unchanged. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Interest steepening </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a linear steepening of the interest rate curve between 20Y and 30Y of 1 bps to 10 bps. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Volatility Adjustment </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a 10 bps decrease in the Volatility Adjustment. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Government spread </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of an increase of spread on Government bonds of 50 bps. At the same it is assumed that the Volatility Adjustment will increase by +8bp (2024: +8bp). </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Mortgage spread </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a 25 bps (in 2024: 50 bps) increase of spreads on mortgages. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Equity risk </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a 20% downward movement in equity prices. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Equity risk </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a 20% upward movement in equity prices. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Property risk </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a 10% downward movement in the market value of real estate. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Spread risk (including impact of spread movement on VA) </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of an increase of spread on loans and corporate bonds of 75 bps. At the same time, it is assumed that the Volatility Adjustment will increase by +18bp (2024: +19bp) based on reference portfolio. </td></tr></tbody></table><br/><p>As of 2025, for equity risk both an upward and downward movement is reported. Furthermore, inflation sensitivity has been removed, as this has no longer an impact on the Solvency II ratio of a.s.r. The mortgage spread sensitivity is measured as of 2025 with a 25 bps impact (2024: 50 bps), which is more representative for a.s.r. The 2024 figures have not been restated for this change. </p><p>Spread widening will lead to a VA increase. At 31 December 2025, a corporate spread widening of 75 bps corresponded with 18 bps of VA increase (2024: 19 bps). A 50bps of government spread widening corresponded with 8 bps of VA increase (2024: 8 bps). In 2025, the mortgage spread impact decreased due to the decrease of the shock applied compared with previous year. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295726\"><span class=\"number\">7.8.3.1 </span><span class=\"title-text\">Mismatch risk </span></h1><p>Following the harmonisation of the risk taxonomy, interest rate risk has been renamed to mismatch risk as of 2025. Mismatch risk is the risk that the value of assets or liabilities will change due to fluctuations in interest rates. a.s.r. is exposed to interest rate risk, as both its assets and liabilities are sensitive to movements in long- and short-term interest rates. Insurance products are exposed to interest rate risk. Especially the life insurance products are long-term and therefore particularly sensitive to interest rate risk. The interest rate risk of insurance products depends, besides the term to maturity, on interest rate guarantees and profit-sharing features. </p><p>SCR. Mismatch risk consists of the following risk types: </p><ul><li><p>interest rate level risk (both IM and SF), </p></li><li><p>interest rate volatility risk (IM). </p></li></ul><p>Mismatch risk is managed by aligning fixed-income investments to the profile of the liabilities. Among other instruments, swaptions and interest rate swaps are used for hedging the specific interest rate risk arising from interest rate guarantees and profit sharing features in life insurance products. An interest rate risk policy is in place for a.s.r. as well as for the registered insurance companies. Interest rate risk reports are submitted to the FRC at least once a month. In these reports the interest rate risk is monitored and tested against the limits according to the financial risk policies. </p><p>The required capital for interest rate risk is determined by calculating the impact on the available capital due to changes in the yield curve. </p><p>The Solvency II SF interest rate risk is the maximum loss of (i) an upward shock and (ii) a downward shock of the yield curve. </p><ul><li><p>The used shocks vary by maturity and the absolute shocks are higher for shorter maturities (descending: 75% to 20% and ascending: -70% to -20%): </p></li><li><p>The yield curve up shock contains a minimum shock of 100bps; </p></li><li><p>The yield curve down shock is zero in case the yield curve is negative; </p></li><li><p>The yield curves of all currencies are shocked simultaneously. </p></li><li><p>All adjustments (credit spread, volatility adjustment) on the yield curve are considered constant. </p></li><li><p>The yield curve is extrapolated to the UFR. The yield curve after shock is not extrapolated again to the UFR. </p></li></ul><p>The Solvency II IM for interest rate risks differ from the standard formula results for the following reasons: </p><ul><li><p>The Solvency II PIM interest rate curve shocks are calibrated based on historical market data; </p></li><li><p>The Solvency II PIM assumes that the UFR does not change in a shock scenario, while the standard formula interest rate shock assumes that the whole curve moves, including the UFR; </p></li><li><p>In addition, the Solvency II PIM includes a capital requirement for interest rate volatility risk. This is defined as the risk of adverse financial impacts due to the difference in interest rate volatility sensitivity between assets and liabilities. </p></li></ul><p>a.s.r. has assessed various scenarios to determine the sensitivity to interest rate risk. The impact on the solvency ratio is calculated by determining the difference in the change in available and required capital and include financial institutions. </p><h3 class=\"table-title\">Solvency II sensitivities - interest rate </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\">Effect on: </th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Available capital </th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Required capital </th><th class=\"valign-bottom startCol-6 endCol-7 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Ratio </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Scenario (%-point) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate +0.5% (2025 incl. UFR=3.30% / 2024 incl. UFR=3.30%) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate -0.5% (2025 incl. UFR=3.30% / 2024 incl. UFR=3.30%) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest steepening +10 bp </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Volatility Adjustment -10 bp </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295746\"><span class=\"number\">7.8.3.2 </span><span class=\"title-text\">Equity risk </span></h1><p>The equity risk takes into account the risk arising from the sensitivity of the values of assets, liabilities and financial instruments to changes in the level or in the volatility of market prices of equities. Exposure to equity markets exists in both assets and liabilities. Asset exposure exists through direct equity investments. In order to maintain a good understanding of the actual equity risk, a.s.r. applies the look-through approach for investment funds to assess the equity risk. The equity risk of insurance products depends on guarantees, profit-sharing features and fees charged to separate accounts.  <br/></p><p>Equity risk consists of the following risk types: </p><ul><li><p>equity risk (both IM and SF), </p></li><li><p>equity volatility risk (IM). </p></li></ul><p>The Solvency II SF equity risk is determined by calculating the impact on the available capital due to an immediate drop in equity prices. </p><ul><li><p>Equities listed in regulated markets in countries in the EEA or OECD are shocked by 39% together with the symmetric adjustment (type I). </p></li><li><p>Equities in countries that are not members of the EEA or OECD, unlisted equities, alternative investments, or investment funds in which the look-through principle is not possible, are shocked by 49% together with the symmetric adjustment (type II). </p></li><li><p>Investments of a strategic nature are shocked by 22%. </p></li><li><p>The equity capital of the renewable investments qualifying as an infrastructure investment (e.g. wind farm Wieringermeer) is shocked by 30% together with the symmetric adjustment. </p></li></ul><p>The Solvency II IM includes an equity shock, which differs from the standard formula shock: </p><ul><li><p>Equity risk shocks are calibrated based on a.s.r.'s own portfolio's. </p></li><li><p>The equity exposures are also shocked for equity volatility risks. </p></li></ul><h3 class=\"table-title\">Solvency II sensitivities - equity prices </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\">Effect on: </th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Available capital </th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Required capital </th><th class=\"valign-bottom startCol-6 endCol-7 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Ratio </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Scenario (%-point) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity prices -20% </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-10 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-10 </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+12 </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+14 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+1 </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity prices +20% </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+11 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+11 </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-9 </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-12 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+1 </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-2 </td></tr></tbody></table><br/><div class=\"header header-2\">Composition of equity risk portfolio </div><p>The total fair value of equities and similar investments at year-end 2025 was \u20ac\u00a04,826 million (2024: \u20ac\u00a04,732 million). The increase of the equity portfolio is both due to transactions and positive returns on the equity markets. Please note that the total fair value of equities and similar investments referred to in this section does not include \"Assets held for index-linked and unit-linked contracts\". Although the risks of these assets are primarily for the policyholders, guarantees within certain products may transfer some of the risk to a.s.r. </p><p>The equities are diversified across the Netherlands (including participating interests), other European countries and the United States. A limited part of the portfolio consists of investments in emerging markets and alternatives. A portfolio of equity options with a value of \u20ac\u00a013 million is in place to mitigate the equity risk. </p><p>The table shows the exposure of the equity portfolio to different categories. The total value is including the equities in externally managed funds. The category Other contains mainly the investments of ASR infrastructure Renewables (AIR) in windmill - and solarparks which are in scope of 'Qualifying infrastructure equities other than corporate' (\u20ac\u00a0155 million).  <br/></p><p>The composition of the equity portfolio is similar to previous year, The main differences are caused by the fact that a.s.r. life as of 2025 calculates the SCR in accordance with the PIM, which also impacts assets in scope of equity risk. The increase of 'Alternatives' is due the the fact that non-rated bonds of a.s.r. life are now in scope of equity risk instead of spread risk. The decrease of 'Other' is because the investment in AIR is threatend different, under PIM the net asset value of this participation is shocked, instead of applying looktrough. </p><h3 class=\"chart-title\">Composition equity risk portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/128.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295766\"><span class=\"number\">7.8.3.3 </span><span class=\"title-text\">Property risk </span></h1><p>The property risk takes into account the risk arising from the sensitivity of the values of assets, liabilities and financial instruments to changes in the level or in the volatility of market prices of real estate. The property risk depends on the total exposure to real estate. In order to maintain a good understanding of the actual property risk, a.s.r. applies the look through approach for investment funds and participations which activities are primarily real estate investments. </p><p>The Solvency II SF property risk is determined by calculating the impact on the available capital due to an immediate drop in property prices by 25%. Both assets and liabilities are taken into account. The product Agrarische Impact Erfpacht (AIE) has effectively a lower charge due to the underlying risk mitigating characteristics of this product. </p><p>The Solvency II IM for property risk includes an IM property shock on the real estate portfolio, calibrated on a.s.r.'s own portfolio's as opposed to a 25% shock in the SF. As of 2025, the a.s.r. life portfolio is included in the calibration of the IM property shock. </p><p>The sensitivity of the solvency ratio to changes in property value is monitored on a monthly basis. Sensitivity of regulatory solvency (Solvency II) to changes in property prices is shown in the following table. </p><h3 class=\"table-title\">Solvency II sensitivities - property values </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\">Effect on: </th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Available capital </th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Required capital </th><th class=\"valign-bottom startCol-6 endCol-7 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Ratio </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Scenario (%-point) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property values -10% </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-12 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-11 </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+2 </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+2 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-10 </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-9 </td></tr></tbody></table><br/><div class=\"header header-2\">Composition of property risk portfolio </div><p>The property risk depends on the total exposure to property, which includes both property investments and property held for own use. The fair value of property was \u20ac\u00a010,314 million at year-end 2025 (2024: \u20ac\u00a09,712 million). The increase of the real estate portfolio is both due to transactions and positive returns on the real estate markets. </p><p>Please note that the total exposures to property referred to in this section does not include \"Assets held for index-linked and unit-linked contracts\". Although the risks of these assets are primarily for the policyholders, guarantees within certain products may transfer some of the risk to a.s.r. </p><h3 class=\"chart-title\">Composition property risk portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/129.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295786\"><span class=\"number\">7.8.3.4 </span><span class=\"title-text\">Currency risk </span></h1><p>Currency risk measures the impact of losses related to changes in currency exchange rates. The table provides an overview of the currencies with the largest exposures. a.s.r. has currency risk to insurance products in mainly American dollars (USD), Great British Pound (GBP) and Australian dollars (AUD). </p><p>A currency risk policy is in place for a.s.r. as well as for the registered insurance companies. For different investment categories a.s.r. has defined a target hedge ratio. Currency risk reports are submitted to KLFC at least once a month. In these reports the currency risk is monitored and tested against the limits according to the financial risk policies. </p><p>The required capital for currency risk is determined by calculating the impact on the available capital due to a change in exchange rates. Both assets and liabilities are taken into account and a look-through approach is applied for investment funds. For each currency the maximum loss due to an upward and a downward shock of 25% is determined except for a small number of currencies where lower shocks are applied (a.o. Danish crown). </p><h3 class=\"table-title\">Currency risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">SCR currency risk - required capital </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">157 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">403 </td></tr></tbody></table><br/><p>In 2025 the Solvency II SF currency risk has decreased with \u20ac\u00a0246 million. The decrease in currency risk is the result of both (i) a changed hedge policy in 2025 and (ii) the introduction of PIM for a.s.r. life. The currency risk of shares in scope of PIM are taken into account in the equity risk module and therefore not in scope of SCR Currency risk. </p><div class=\"header header-2\">Specification currencies with largest exposure </div><p>The total foreign exchange exposure at year-end 2025 was \u20ac\u00a0534 million (2024: \u20ac\u00a01,523 million). The decrease in 2025 (approximately \u20ac\u00a0990 million) is the result of both (i) a changed hedge policy in 2025 and (ii) the introduction of PIM for a.s.r. life. The currency risk of shares in scope of PIM is taken into account in the equity risk module and therefore not in scope of SCR Currency risk. </p><p>Please note that the total foreign exchange exposure referred to in this section does not include \"Assets held for index-linked and unit-linked contracts\". Although the currency risk of these assets are primarily for the policyholders, guarantees within certain products may transfer some of the risk to a.s.r. </p><h3 class=\"chart-title\">Composition currency portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/130.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295806\"><span class=\"number\">7.8.3.5 </span><span class=\"title-text\">Spread risk </span></h1><p>Spread risk arises from the sensitivity of the value of assets and liabilities to changes in the level of credit spreads on the relevant risk-free interest rates. a.s.r. has a policy of maintaining a well-diversified high-quality investment grade portfolio while avoiding large risk concentrations. Going forward, the volatility in spreads will continue to have possible short-term effects on the market value of the fixed income portfolio. In the long run, the credit spreads are expected to be realised and contribute to the growth of the own funds. Exposure to spread risk exists in both assets and liabilities. Asset exposure exists mainly through fixed income investments and mortgages. In order to maintain a good understanding of the actual spread risk, a.s.r. applies the look-through approach for investment funds. The spread risk of insurance products depends on guarantees and profit-sharing features. </p><p>The Solvency II SF spread risk is equal to the sum of the capital requirements for bonds, structured products and credit derivatives. Bonds and loans guaranteed by governments or international organisations could be in scope of counterparty default risk instead of spread risk. The capital requirement depends on (i) the market value, (ii) the modified duration and (iii) the credit quality category. </p><p>The Solvency II PIM for spread risk includes an IM spread shock which differs from the standard formula: </p><ul style=\"margin-bottom:0px;\"><li><p>Spread shocks are calibrated on a.s.r.'s own fixed income portfolio's. </p></li><li><p>In contrast to the standard formula, government bonds are shocked with a factor larger than zero. </p></li><li><p>Mortgages are in scope of the spread risk module, while under the standard formula mortgages are in scope of counterparty default risk. Hence, as a result, the spread risk inherent in a.s.r.'s mortgage portfolio is partly included in this section and partly under counterparty default risk. In particular, the mortgage portfolios of a.s.r. life, Aegon life and Aegon spaarkas are included in this section since these entities use the Partial Internal Model (PIM), while the mortgage portfolios of a.s.r. non-life and a.s.r. health are included under counterparty default risk since these entities apply the Solvency II Standard Formula (SF). </p></li><li><p>The Solvency II PIM includes pre-payment risk on the mortgage portfolio. </p></li></ul><ul style=\"margin-bottom:0px;\"><li><p>Furthermore, the Solvency II PIM makes use of a dynamic volatility adjustment approach, while the standard formula does not. The Dynamic Volatility Adjustment (DVA) methodology follows an asset-only approach, ensuring spread widening is the biting scenario. </p></li></ul><ul><li><p>The performance of the fixed income portfolio is assessed under a broad range of credit scenarios and the model determines which part of the (short-term) losses experienced by the assets are recouped. </p></li></ul><p>The sensitivity to spread risk is measured as the impact of an increase of spread on loans and corporate bonds of 75 bps. The VA is based on a reference portfolio. An increase of 75 bps of the spreads on loans and corporate bonds within the reference portfolio leads to an increase of the VA with 18 bps in 2025 (2024: 19bps). The credit spread sensitivity decreased to +5 increase in solvency ratio for a 75 bps spread shock, combined with a 18 bps VA shock. </p><h3 class=\"table-title\">Solvency II sensitivities - spread risk </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\">Effect on: </th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Available capital </th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Required capital </th><th class=\"valign-bottom startCol-6 endCol-7 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Ratio </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Scenario (%-point) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Spread +75 bp / VA +18bp (2024: VA +19bp) </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+14 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+15 </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-8 </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-7 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+5 </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+7 </td></tr></tbody></table><br/><div class=\"header header-2\">Composition of spread risk portfolio </div><p>Spread risk is managed on a portfolio basis within limits and risk budgets established by the relevant risk committees. Where relevant, credit ratings provided by the external rating agencies are used to determine risk budgets and monitor limits. A limited number of fixed-income investments do not have an external rating. These investments are generally assigned an internal rating. Internal ratings are based on methodologies and rating classifications similar to those used by external agencies. </p><p>The following tables provide a detailed breakdown of the fixed-income exposure by (i) rating class and (ii) sector. Assets in scope of spread risk are, by definition, not in scope of counterparty default risk. The total exposure of assets in scope of spread risk is \u20ac\u00a061,562 million (2024: \u20ac\u00a054,693 million). </p><p>The increase in exposure is mainly due to the introduction of PIM for a.s.r. life, as a result of which a.s.r. life's mortgage portfolio is now in the scope of spread risk. As of 2024, this mortgage portfolio was still in scope of counterparty default risk. In the composition diagrams below, this leads to an increase in (i) the category \"mortgages\" in the breakdown by sector and (ii) an increase in the category \"not rated\" in the breakdown by rating. As a result, the relative exposure of the other categories has decreased. </p><p>The composition fixed income portfolio by sector slightly changed compared to previous years. The category 'government core' has been replaced by 'government AAA-AA'. The 2024 figures have been adjusted accordingly. </p><p>Please note that the total fixed-income exposure referred to in this section does not include \"Assets held for index-linked and unit-linked contracts\". Although the risks of these assets are primarily for the policyholders, guarantees within certain products may transfer some of the risk to a.s.r. </p><h3 class=\"chart-title\">Composition spread risk portfolio by sector </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/131.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h3 class=\"chart-title\">Composition spread risk portfolio by rating </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/132.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><p>Please note that the category 'Not rated' consists mainly of mortgages (2025: 40% and 2024: 28%). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295826\"><span class=\"number\">7.8.3.6 </span><span class=\"title-text\">Market risk concentrations </span></h1><p>Concentrations of market risk constitute an additional risk to an insurer. Concentration risk is the concentration of exposures to the same counterparty. Other possible concentrations (region, country, etc.) are not in scope. The capital requirement for concentration risk is determined in three steps: </p><ol><li><p>determine the exposure above threshold. The threshold depends on the credit quality of the counterparty; </p></li><li><p>calculation of the capital requirement for each counterparty, based on a specified factor depending on the credit quality; </p></li><li><p>aggregation of individual capital requirements for the various counterparties. </p></li></ol><p>According to the spread risk module, bonds and loans guaranteed by a certain government or international organisation are not in scope of concentration risk. Bank deposits can be excluded from concentration risk if they fulfil certain conditions. </p><p>a.s.r. continuously monitors exposures in order to avoid concentrations in a single obligor outside of the risk appetite and has an overall limit on the total level of the required capital for market risk concentrations. The calculation of the market risk concentrations applies to the total investment portfolio, where, in line with Solvency II, government bonds are not included. </p><p>The required capital for market risk concentrations is nil as per year-end 2025 (2024: nil). </p><h1 class=\"S_PARAGRAPH\" id=\"n4295846\"><span class=\"number\">7.8.4 </span><span class=\"title-text\">Counterparty default risk </span></h1><p>Counterparty default risk reflects possible losses due to unexpected default or deterioration in the credit standing of counterparties and debtors. Counterparty default risk affects several types of assets: </p><ul><li><p>mortgages </p></li><li><p>savings-linked mortgage loans </p></li><li><p>derivatives </p></li><li><p>reinsurance </p></li><li><p>receivables </p></li><li><p>cash and cash equivalents </p></li></ul><p>Assets that are in scope of spread risk are, by definition, not in scope of counterparty default risk and vice versa. The Solvency II regime makes a distinction between two types of exposures: </p><ul><li><p>Type 1: These counterparties generally have a rating (reinsurance, derivatives, current account balances, deposits with ceding companies and issued guarantee (letter of credit). The exposures are not diversified. </p></li><li><p>Type 2: These counterparties are normally unrated (receivables from intermediaries and policyholders, mortgages with private individuals or SMEs). The exposures are generally diversified. </p></li></ul><p>The total capital requirement for counterparty risk is an aggregation of the capital requirement for type 1 exposure and the capital requirement for type 2 exposure by taking 75% correlation. </p><h3 class=\"table-title\">Counterparty default risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Type 1 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">144 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">159 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Type 2 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">96 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">234 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diversification </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>369 </b></td></tr></tbody></table><br/><p>In 2025, the Solvency II SF Counterparty default has decreased with \u20ac\u00a0143 million. The counterparty risk type 1 is lower compared to previous year, mainly due to the decreased cash position. The counterparty risk type 2 is significantly lower per year-end 2025, mainly due to the introduction of PIM for a.s.r. life, as a.s.r. life's mortgage portfolio is now in the scope of spread risk. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295918\"><span class=\"number\">7.8.4.1 </span><span class=\"title-text\">Mortgages </span></h1><p>Mortgages are granted for the account and risk of third parties and for a.s.r.\u2019s own account. The a.s.r. portfolio consists only of Dutch mortgages with a limited counterparty default risk. The fair value of a.s.r.\u2019s mortgage portfolio in scope of Counterparty default risk is \u20ac\u00a02,789 million at year-end 2025 (2024: \u20ac\u00a011,846 million). The decrease in exposure is mainly due to the introduction of PIM for a.s.r. life, as a.s.r. life's mortgage portfolio is now in the scope of spread risk. </p><p>Please note that the mortgages of Aegon life, a.s.r. life and Aegon spaarkas are in scope of Solvency II IM spread risk. </p><h3 class=\"chart-title\">Composition mortgage portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/133.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><p>The Loan-to-Value ratio is based on the value of the mortgage according to Solvency II principals with respect to the a.s.r. calculated collateral. The percentage of mortgages which are in arrears for over three months remained stable at 0.04% in 2025 (2024: 0.04%). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295938\"><span class=\"number\">7.8.4.2 </span><span class=\"title-text\">Savings-linked mortgage loans </span></h1><p>The counterparty default risk of the savings-linked mortgage loans ('Spaarlossen') depends on the counterparty. For 11% of the portfolio, the counterparties are Special Purpose Vehicles. The risk is limited due to the robust quality of the mortgages in the Special Purpose Vehicles in combination with the tranching. a.s.r. has a cession-retrocession agreement with the counterparty for 86% of the portfolio, for which the risk is limited. Effectively, a.s.r. recognises the underlying receivable from the counterparty (or in the case of insolvency of the counterparty the mortgage loans transfers as collateral), mitigating the counterparty default risk of the savings-linked mortgage loans. </p><h3 class=\"chart-title\">Composition savings-linked mortgage loans portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/134.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295998\"><span class=\"number\">7.8.4.3 </span><span class=\"title-text\">Derivatives </span></h1><p>Over the Counter (OTC) derivatives are primarily used by a.s.r. to manage the interest-rate risks incorporated into the insurance liabilities. Interest-rate derivatives are traded with a well-diversified and qualitative dealer panel with whom there is an established International Swaps and Derivatives Association (ISDA) contract and a Credit Support Annex (CSA) in place. These CSAs include specific agreements on the exchange of collateral limiting market and counterparty risk. The outstanding value of the interest rate derivative positions is matched by collateral received from eligible counterparties, minimising the net counterparty default risk. In addition, a sizeable part of the interest-rate swap portfolio (and virtually all new interest rate swaps) are centrally cleared, which significantly reduces counterparty default risk. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295978\"><span class=\"number\">7.8.4.4 </span><span class=\"title-text\">Reinsurance </span></h1><p>a.s.r. collaborates with reinsurers. When entering into reinsurance contracts a.s.r. requires the counterparty to be rated at least single A. With respect to long-tail business and other sectors, the minimum permitted rating is single A. </p><p>The table shows the exposure to reinsurers which are in scope of counterparty default risk. The total exposure to reinsurers at year-end 2025 was \u20ac\u00a0274 million (2024: \u20ac\u00a0340 million). Counterparty default risk is immaterial for Aegon life\u2019s reinsurance exposure and therefore not in scope of the Composition table. As of 2025 part of the insurance portfolio of a.s.r. health is internally reinsured by a.s.r. non-life. On group level these reinsurance contracts do not contribute to Counterparty default risk and therefore not in scope of the Composition table. </p><h3 class=\"chart-title\">Composition reinsurance counterparties by rating </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/135.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295958\"><span class=\"number\">7.8.4.5 </span><span class=\"title-text\">Receivables </span></h1><p>The receivables with a counterparty default risk amounted to \u20ac\u00a0637 million at year-end 2025. This consists of Health insurance fund receivables (\u20ac\u00a0182 million), intermediaries receivables (\u20ac\u00a097 million), policyholders receivables (\u20ac\u00a046 million) and other (non-insurance) receivables (\u20ac\u00a0311 million). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295871\"><span class=\"number\">7.8.4.6 </span><span class=\"title-text\">Cash and cash equivalents </span></h1><p>The current accounts in scope of counterparty default risk amounted \u20ac\u00a01,105 million in 2025 (2024: \u20ac\u00a02,494 million), this excludes commercial papers. </p><h3 class=\"table-title\">Composition cash accounts by rating </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>31 December 2025 </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">AAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">40 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">AA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">117 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">176 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">A </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">988 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,278 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Lower than A </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">0 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,105 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,494 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295891\"><span class=\"number\">7.8.4.7 </span><span class=\"title-text\">Expected credit loss </span></h1><p>The recognition and measurement of impairments is forward-looking, and apply to all debt instruments measured at amortised cost and at FVOCI. Initially, a provision is required for credit losses expected within the next 12 months. This is referred to as \u2018Stage 1\u2019. If there is a significant increase in credit risk between the moment of origination and the reporting date, but the exposure is not in default, the exposure is in \u2018Stage 2\u2019. If the exposure is in default, this is referred to as \u2018Stage 3\u2019. For both \u2018Stage 2\u2019 and \u2018Stage 3\u2019, a provision is required for expected credit losses over the remaining lifetime of the financial asset. </p><div class=\"header header-2\">Expected credit loss measurement </div><p>The impairment requirements outline a \u2018three-stage\u2019 model for impairment based on changes in credit quality since initial recognition as summarised below: </p><ol><li><p>A financial instrument that is not credit-impaired on initial recognition is classified into \u2018Stage 1\u2019 and has its credit risk continuously monitored by a.s.r.: <br/>a) If a significant increase in credit risk (\u2018SICR\u2019) since initial recognition is identified, the financial instrument is moved to \u2018Stage 2\u2019 but is not yet deemed to be credit impaired. <br/>b) If the financial instrument is credit-impaired, the financial instrument is then moved to \u2018Stage 3\u2019. </p></li><li><p>Financial instruments in Stage 1 have their ECL measured at a 12-month expected credit losses that result from default events possible within the next 12 months. </p></li><li><p>Financial instruments in Stages 2 or 3 have their ECL measured based on expected credit losses on a lifetime basis. </p></li></ol><p>ECL is measured on either a 12-month basis (Stage 1) or lifetime basis (Stages 2/3) depending on whether a significant increase in credit risk has occurred since initial recognition or whether an asset is considered to be credit-impaired. </p><p>Expected credit losses are the discounted product of the Probability of Default (PD), Exposure at Default (EAD), and Loss Given Default (LGD), defined as follows: </p><ul><li><p>PD represents the likelihood of a borrower defaulting on its financial obligation, either over the next 12 months (12-month PD), or over the remaining lifetime (lifetime PD) of the obligation; </p></li><li><p>EAD is based on the amounts a.s.r. expects to be owed at the time of default, over the next 12 months (12-month EAD) or over the remaining lifetime (lifetime EAD); </p></li><li><p>LGD represents a.s.r.\u2019s expectation of the extent of the loss on a defaulted exposure. LGD varies by type of counterparty, type and seniority of the claim, and availability of collateral or other credit support. LGD is expressed as a percentage loss per unit of exposure at the time of default (EAD). LGD is calculated on a 12-month or lifetime basis, where the 12-month LGD is the percentage of loss expected to be made if the default occurs in the next 12 months, and the lifetime LGD is the percentage of loss expected to be made if the default occurs over the remaining expected lifetime of the loan. </p></li></ul><p>A pervasive concept in measuring ECL is that it should consider forward-looking information. a.s.r. has performed historical analyses to identify the key economic variables impacting credit risk and expected credit losses for each portfolio. Expert judgment was also applied in this process. </p><p>a.s.r. employs a model to calculate ECL on the asset class mortgage loans at amortised cost. </p><p>Asset classes not covered by the ECL calculations are considered either to have immaterial credit risk or to be short-term in nature. </p><p>Given the nature and credit quality of the mortgage loans measured at amortised cost, with only limited number of mortgages with payment arrears and in general sufficient collateral, the total loss allowance of mortgages that is recognised per 31 December 2025 is less than \u20ac\u00a01 million (31 December 2024: less than \u20ac\u00a01 million), with no material transfers between Stage 1, Stage 2 and Stage 3 for the reported period. </p><p>The total of undiscounted ECL at initial recognition for purchased or originated credit-impaired financial assets recognised during 2025 amounts to \u20ac\u00a00 million (2024: \u20ac\u00a00 million), as no credit-impaired financial assets are originated or purchased by a.s.r. </p><p>The following tables further specify the changes in gross carrying amounts of the mortgage loans measured at amortised cost. The gross carrying amounts in these tables are the clean values, thus excluding the accrued interest. </p><h3 class=\"table-title\">Changes in gross carrying amounts of mortgage loans measured at amortised cost </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 1 <br/>(12-month ECL) </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 2 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 3 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,566 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Stage transfers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases and originations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">173 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">173 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-198 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-200 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other changes </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-69 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-69 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross carrying amount at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,444 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>81 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,529 </b></td></tr></tbody></table><br/><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 1 <br/>(12-month ECL) </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 2 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 3 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14,121 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">414 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14,552 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Stage transfers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">34 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases and originations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">408 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">410 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-322 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-330 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11,730 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-320 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12,063 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other changes </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross carrying amount at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,566 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,624 </b></td></tr></tbody></table><br/><p>Per 31 December 2025, private loans measured at amortised cost are in Stage 1 for an amount of \u20ac\u00a08 million, and nil in Stage 2 and Stage 3 (31 December 2024: \u20ac\u00a09 million in Stage 1, nil in Stage 2 and Stage 3). </p><h1 class=\"S_PARAGRAPH\" id=\"n4296018\"><span class=\"number\">7.8.5 </span><span class=\"title-text\">Liquidity risk </span></h1><div class=\"header header-2\">Definition and Framework </div><p>Liquidity risk is the risk that a company is not able to meet its financial obligations to policyholders and other creditors when they become due and payable, at a reasonable cost and in a timely manner. This risk is not quantified in the Solvency Capital Requirement (SCR). </p><p>Liquidity risk management has several levels: </p><ul><li><p>Short-term management: This covers the day-to-day cash requirements and aims to meet short-term liquidity risk targets. </p></li><li><p>Medium-to-long-term management: This considers the strategic matching of liquidity and funding needs in different business conditions. This is also part of the strategic asset allocation process. </p></li><li><p>Stress management: This refers to the ability to respond to a potential crisis resulting from a market event and/or a company-specific event. </p></li></ul><div class=\"header header-2\">Sources of Liquidity Risk </div><p>Although a significant proportion of the investment portfolio can be quickly converted into cash under normal circumstances, some assets, such as private loans, mortgage loans, real estate, may not be possible to sell at a reasonable price on short notice. Specific events that can have a sudden, adverse impact on available liquidity include: </p><ul><li><p>A large change in interest rates or credit spreads. </p></li><li><p>Insolvency or loss of confidence of a counterparty were current accounts or credit facility is held. </p></li><li><p>Unexpected lapses in the insurance portfolios. </p></li><li><p>Margin calls related to derivative agreements. </p></li><li><p>General market circumstances in which liquidity becomes scarce. </p></li></ul><div class=\"header header-2\">Monitoring and Stress Testing </div><p>The liquidity position is monitored continuously through various reports, such as the Liquiditeiten Allocatie Plan and the Liquidity Stress Test. The latter tests the ability to meet all potential cash demands and is conducted for at least two scenarios: </p><ol><li><p>Base scenario: Assumes current market conditions ('business as usual'). </p></li><li><p>Stressed scenario: A scenario in which both liabilities and assets are stressed. This represents a very extreme scenario with respect to the materialization of liquidity risk. </p></li></ol><div class=\"header header-2\">Risk Mitigation Techniques </div><p>The policy aims to ensure that sufficient highly liquid assets are held to meet all payment obligations, both in normal and extreme conditions. The primary mitigation techniques are: </p><ul><li><p>Holding liquid assets: A buffer of liquid assets is maintained, comprising of cash, and cash equivalents and investment-grade securities for which there is an active and liquid market. Furthermore, a portion of liquid assets must be held in overnight liquidity. </p></li><li><p>External funding facilities: To ensure liquidity under all market circumstances, committed external facilities are available, such as repo-facilities and liquidity facilities with third parties. </p></li><li><p>Strategic Asset Allocation: The strategic asset allocation reflects the expected and contingent liquidity needs of the liabilities. </p></li><li><p>Contingency planning: An adequate and up-to-date policy and contingency plan are in place to enable management to act effectively and efficiently in times of crisis. </p></li></ul><p>The following table shows the contractual undiscounted cash flows of the insurance liabilities based on Solvency II. All other line items as well as the total carrying value are based on IFRS principles. </p><p>The insurance liabilities include the impact of expected lapses and mortality as well as non-profit sharing cash flows. Profit sharing cash flows of insurance liabilities are not taken into account, nor are equities, property and swaptions. Furthermore, cash flows of the pension benefit obligations are taken into account. </p><h3 class=\"table-title\">Contractual cash flows </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Payable on demand </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-5 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 10 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Carrying value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">750 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,292 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32,597 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25,037 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">76,712 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">101,360 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pension Benefit Obligation </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">133 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,066 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,342 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,036 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,810 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">209 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,141 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,868 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,541 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,453 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,550 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,664 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">757 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,082 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,531 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9,585 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Future interest payments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">109 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">394 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">416 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,301 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,405 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>36,954 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>32,744 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>95,525 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>131,209 </b></td></tr></tbody></table><br/><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Payable on demand </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-5 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 10 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Carrying value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">712 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,352 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">29,731 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23,847 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75,592 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">102,565 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pension Benefit Obligation </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">125 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,012 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,292 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,001 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,037 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">768 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,091 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,996 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,310 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,397 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,448 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,322 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,052 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,070 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,312 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Future interest payments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">228 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">750 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">746 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,226 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,109 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,922 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>34,906 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>28,932 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>89,199 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>127,580 </b></td></tr></tbody></table><br/><p>The insurance contract liabilities contractual cash flows for the period 1-5 years can be split into: 1-2 years \u20ac\u00a015,314 million (2024 \u20ac\u00a013,455 million), 2-3 years \u20ac\u00a05,969 million (2024 \u20ac\u00a05,525 million), 3-4 years \u20ac\u00a05,807 million (2024 \u20ac\u00a05,479 million) and 4-5 years \u20ac\u00a05,506 million (2024 \u20ac\u00a05,271 million). </p><p>When the amount payable is not fixed the amount reported is determined by reference to the conditions existing at the reporting date. </p><p>Financial liabilities payable on demand include the liability recognised for cash collateral received under ISDAs, concluded with counterparties. The related cash collateral received is recognised as cash and cash equivalents, and not part of the liquidity risk exposure table. </p><h1 class=\"S_PARAGRAPH\" id=\"n4296045\"><span class=\"number\">7.8.6 </span><span class=\"title-text\">Operational risk </span></h1><p>Operational risk concerns the risk of direct and / or indirect losses which can occur within a.s.r. as a result of inadequate or failing (changing) internal processes, people, systems and/or as a result of external events. Operational risks occurred are most times being caused by the failure of processes, people, systems, external events or a combination of these factors. </p><h3 class=\"table-title\">Operational risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">SCR operational risk - required capital </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">419 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">430 </td></tr></tbody></table><br/><p>The SCR for operational risk amounts to \u20ac\u00a0419 million at the end of 2025 (2024: \u20ac\u00a0430 million) and is determined with the standard formula under Solvency II. The operational risk is based on the basic SCR, the volumes of premiums and technical provisions, and the amount of expenses. </p><p>There is no benefit of diversification for operational risk. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i23295": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4295691\"><span class=\"number\">7.8.3 </span><span class=\"title-text\">Market risk </span></h1><p>Market risk is the risk of potential losses due to adverse movements in financial market variables. Exposure to market risk is measured by the impact of movements in financial variables such as equity prices, interest rates and property prices. </p><p>The various types of market risk which are discussed in this section, are: </p><ul><li><p>mismatch risk </p></li><li><p>equity risk (including equity volatility risk) </p></li><li><p>property risk </p></li><li><p>currency risk </p></li><li><p>spread risk </p></li><li><p>concentration risk </p></li></ul><p>In December 2025, a.s.r. life received approval to use a PIM for determing the required capital. This extends the use of the PIM from Aegon life and Aegon spaarkas to the a.s.r. life entity. This change is applied prospectively. The PIM contains separate modules for (i) interest rate risk, (ii) equity risk, (iii) property risk and (iv) spread risk. For the other risks, the Solvency II standard formula is applied. a.s.r. non-life and a.s.r. health use the Solvency II standard formula to calculate the solvency position. The total market risk is the sum of the SF and IM risks and diversification benefits. </p><p>The table summarises the required capital for market risks calculated as the sum of SF and IM risks, diversification benefits and excludes Deterministic Adjustment (DA). Following the harmonisation of the risk taxonomy per year-end 2025 mortgage prepayment risk is included in spread risk per year-end 2024 mortgage prepayment risk was included in life risk. </p><h3 class=\"table-title\">Market risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:20%;\"/><col style=\"width:20%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mismatch </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,434 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1,465 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">2,239 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1,892 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">1,311 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">1,709 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Currency </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">157 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">403 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Spread </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">3,534 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">2,218 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Concentration </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:middle;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diversification </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-4,133 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-2,235 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\"><b>5,541 </b></td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\"><b>5,452 </b></td></tr></tbody></table><br/><p>The main market risks of a.s.r. are mismatch, equity, property and spread risk. This is in line with the risk budgets based on the strategic asset allocation study. The total market risk amounted to \u20ac\u00a05,541 million per year-end 2025 (2024: \u20ac\u00a05,452 million). This includes a SF component of \u20ac\u00a01,617 million (2024: \u20ac\u00a03,485 million) and an IM component of \u20ac\u00a04,108 million (2024: \u20ac\u00a01,966 million). Note that the total market risk is lower than the sum of the SF component and the IM component because of diversification benefits between the SF and IM risks. </p><p>The increase in mismatch risk is mainly driven by the introduction of PIM for a.s.r. Life. The interest rate hedge of a.s.r. life aligned with this new model. </p><p>The increase in equity risk is driven by both a higher equity exposure and a increase of the symmetric adjustment of the equity capital charge to 7,90% (2024: 2,86%). Besides this, the introduction of PIM for a.s.r. Life also leads to an increase of equity risk. </p><p>The decrease in property risk is mainly driven by the introduction of PIM for a.s.r. Life. Besides this, the increase of the real estate portfolio leads to an increase of property risk. </p><p>The decrease in currency risk is the result of both (i) a changed hedge policy in 2025 and (ii) the introduction of PIM for a.s.r. life. The currency risk of shares in scope of PIM are taken into account in the equity risk module and therefore not in scope of SCR Currency risk. The other changes are mainly caused by the fact that a.s.r. life as of 2025 uses a PIM to calculate the solvency position. </p><p>The increase in spread risk is mainly driven by the introduction of PIM for a.s.r. life and the harmonisation of the risk taxonomy per year-end 2025 . Because of this harmonisation the mortgage prepayment risk is included in spread risk as of 2025, per year-end 2024 mortgage prepayment risk was included in life risk. </p><p>Concentration risk remained nil. </p><p>The diversification effect shows the effect of having a well-diversified investment portfolio. </p><p>a.s.r. accepts and manages market risk for the benefit of its customers and other stakeholders. a.s.r.\u2019s risk management and control systems are designed to ensure that these market risks are managed effectively and efficiently, aligned with the risk appetite for the different types of market risks. Market risk reports are submitted to FRC at least once a month. In these reports different types of market risks are monitored and tested against the limits according to the financial risk policies. </p><p>The value of investment funds at year-end 2025 was \u20ac\u00a011,703 million (2024: \u20ac\u00a010,755 million). a.s.r. applies the look-through approach for investment funds to assess the market risk. </p><p>As part of PIM the DA is identified for Aegon life to mitigate volatility caused by the basis risk between (i) the EIOPA VA reference portfolio and (ii) the asset portfolio of Aegon life. The value of the DA at year-end 2025 was \u20ac\u00a0-105 million (2024: \u20ac\u00a0-148 million). Note that the DA is not included in the required capital for market risks, but is rather added on top level to the BSCR. </p><div class=\"header header-2\">Solvency II sensitivities </div><p>The Solvency II SCR is a Value at Risk-measure. Therefore, Solvency II ratio sensitivities are disclosed as the alternative analysis, instead of IFRS sensitivities, as permitted by IFRS. The sensitivities of the solvency ratio as at 31 December 2025, expressed as the impact on the group solvency ratio (in percentage points) are as presented in the table below. The total impact is split between the impact on the solvency ratio related to movement in the available capital and the required capital. The sensitivities are based on the situation per 31 December 2025 and include Financial Institutions. </p><h3 class=\"table-title\">Solvency II sensitivities - market risks </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\">Effect on: </th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Available capital </th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Required capital </th><th class=\"valign-bottom startCol-6 endCol-7 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Ratio </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Scenario (%-point) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate +0.5% (2025 incl. UFR=3.30% / 2024 incl. UFR=3.30%) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate -0.5% (2025 incl. UFR=3.30% / 2024 incl. UFR=3.30%) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest steepening +10 bps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Volatility Adjustment -10 bps </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Spread shock sovereigns +50bp en VA +8bp (2024: VA +8bp) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Mortgage spread +25 bps (2024: +50 bps) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-6 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+4 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-8 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity prices -20% </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+12 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+14 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity prices +20% </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+11 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+11 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-2 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property values -10% </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-12 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+2 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-9 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Spread widening +75bp en VA +18bp (2024: VA +19bp) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+14 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+15 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-8 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+5 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+7 </td></tr></tbody></table><br/><h3 class=\"table-title\">Solvency II sensitivities - explanation </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:29%;\"/><col style=\"width:71%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Risk </b></th><th class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>Scenario </b></th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Interest rate risk (incl. UFR=3.30% / 3.30%) </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a parallel 0.5% upward and downward movement of the interest rates. For the liabilities, the extrapolation to the UFR (UFR=3.30% for 2025 and UFR=3.30% for 2024) after the last liquid point of 20 years remained unchanged. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Interest steepening </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a linear steepening of the interest rate curve between 20Y and 30Y of 1 bps to 10 bps. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Volatility Adjustment </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a 10 bps decrease in the Volatility Adjustment. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Government spread </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of an increase of spread on Government bonds of 50 bps. At the same it is assumed that the Volatility Adjustment will increase by +8bp (2024: +8bp). </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Mortgage spread </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a 25 bps (in 2024: 50 bps) increase of spreads on mortgages. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Equity risk </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a 20% downward movement in equity prices. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Equity risk </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a 20% upward movement in equity prices. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Property risk </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of a 10% downward movement in the market value of real estate. </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Spread risk (including impact of spread movement on VA) </td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Measured as the impact of an increase of spread on loans and corporate bonds of 75 bps. At the same time, it is assumed that the Volatility Adjustment will increase by +18bp (2024: +19bp) based on reference portfolio. </td></tr></tbody></table><br/><p>As of 2025, for equity risk both an upward and downward movement is reported. Furthermore, inflation sensitivity has been removed, as this has no longer an impact on the Solvency II ratio of a.s.r. The mortgage spread sensitivity is measured as of 2025 with a 25 bps impact (2024: 50 bps), which is more representative for a.s.r. The 2024 figures have not been restated for this change. </p><p>Spread widening will lead to a VA increase. At 31 December 2025, a corporate spread widening of 75 bps corresponded with 18 bps of VA increase (2024: 19 bps). A 50bps of government spread widening corresponded with 8 bps of VA increase (2024: 8 bps). In 2025, the mortgage spread impact decreased due to the decrease of the shock applied compared with previous year. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295726\"><span class=\"number\">7.8.3.1 </span><span class=\"title-text\">Mismatch risk </span></h1><p>Following the harmonisation of the risk taxonomy, interest rate risk has been renamed to mismatch risk as of 2025. Mismatch risk is the risk that the value of assets or liabilities will change due to fluctuations in interest rates. a.s.r. is exposed to interest rate risk, as both its assets and liabilities are sensitive to movements in long- and short-term interest rates. Insurance products are exposed to interest rate risk. Especially the life insurance products are long-term and therefore particularly sensitive to interest rate risk. The interest rate risk of insurance products depends, besides the term to maturity, on interest rate guarantees and profit-sharing features. </p><p>SCR. Mismatch risk consists of the following risk types: </p><ul><li><p>interest rate level risk (both IM and SF), </p></li><li><p>interest rate volatility risk (IM). </p></li></ul><p>Mismatch risk is managed by aligning fixed-income investments to the profile of the liabilities. Among other instruments, swaptions and interest rate swaps are used for hedging the specific interest rate risk arising from interest rate guarantees and profit sharing features in life insurance products. An interest rate risk policy is in place for a.s.r. as well as for the registered insurance companies. Interest rate risk reports are submitted to the FRC at least once a month. In these reports the interest rate risk is monitored and tested against the limits according to the financial risk policies. </p><p>The required capital for interest rate risk is determined by calculating the impact on the available capital due to changes in the yield curve. </p><p>The Solvency II SF interest rate risk is the maximum loss of (i) an upward shock and (ii) a downward shock of the yield curve. </p><ul><li><p>The used shocks vary by maturity and the absolute shocks are higher for shorter maturities (descending: 75% to 20% and ascending: -70% to -20%): </p></li><li><p>The yield curve up shock contains a minimum shock of 100bps; </p></li><li><p>The yield curve down shock is zero in case the yield curve is negative; </p></li><li><p>The yield curves of all currencies are shocked simultaneously. </p></li><li><p>All adjustments (credit spread, volatility adjustment) on the yield curve are considered constant. </p></li><li><p>The yield curve is extrapolated to the UFR. The yield curve after shock is not extrapolated again to the UFR. </p></li></ul><p>The Solvency II IM for interest rate risks differ from the standard formula results for the following reasons: </p><ul><li><p>The Solvency II PIM interest rate curve shocks are calibrated based on historical market data; </p></li><li><p>The Solvency II PIM assumes that the UFR does not change in a shock scenario, while the standard formula interest rate shock assumes that the whole curve moves, including the UFR; </p></li><li><p>In addition, the Solvency II PIM includes a capital requirement for interest rate volatility risk. This is defined as the risk of adverse financial impacts due to the difference in interest rate volatility sensitivity between assets and liabilities. </p></li></ul><p>a.s.r. has assessed various scenarios to determine the sensitivity to interest rate risk. The impact on the solvency ratio is calculated by determining the difference in the change in available and required capital and include financial institutions. </p><h3 class=\"table-title\">Solvency II sensitivities - interest rate </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\">Effect on: </th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Available capital </th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Required capital </th><th class=\"valign-bottom startCol-6 endCol-7 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Ratio </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Scenario (%-point) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate +0.5% (2025 incl. UFR=3.30% / 2024 incl. UFR=3.30%) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+2 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest rate -0.5% (2025 incl. UFR=3.30% / 2024 incl. UFR=3.30%) </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+4 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Interest steepening +10 bp </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Volatility Adjustment -10 bp </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-9 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-10 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">+6 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">+6 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-3 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-4 </td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295746\"><span class=\"number\">7.8.3.2 </span><span class=\"title-text\">Equity risk </span></h1><p>The equity risk takes into account the risk arising from the sensitivity of the values of assets, liabilities and financial instruments to changes in the level or in the volatility of market prices of equities. Exposure to equity markets exists in both assets and liabilities. Asset exposure exists through direct equity investments. In order to maintain a good understanding of the actual equity risk, a.s.r. applies the look-through approach for investment funds to assess the equity risk. The equity risk of insurance products depends on guarantees, profit-sharing features and fees charged to separate accounts.  <br/></p><p>Equity risk consists of the following risk types: </p><ul><li><p>equity risk (both IM and SF), </p></li><li><p>equity volatility risk (IM). </p></li></ul><p>The Solvency II SF equity risk is determined by calculating the impact on the available capital due to an immediate drop in equity prices. </p><ul><li><p>Equities listed in regulated markets in countries in the EEA or OECD are shocked by 39% together with the symmetric adjustment (type I). </p></li><li><p>Equities in countries that are not members of the EEA or OECD, unlisted equities, alternative investments, or investment funds in which the look-through principle is not possible, are shocked by 49% together with the symmetric adjustment (type II). </p></li><li><p>Investments of a strategic nature are shocked by 22%. </p></li><li><p>The equity capital of the renewable investments qualifying as an infrastructure investment (e.g. wind farm Wieringermeer) is shocked by 30% together with the symmetric adjustment. </p></li></ul><p>The Solvency II IM includes an equity shock, which differs from the standard formula shock: </p><ul><li><p>Equity risk shocks are calibrated based on a.s.r.'s own portfolio's. </p></li><li><p>The equity exposures are also shocked for equity volatility risks. </p></li></ul><h3 class=\"table-title\">Solvency II sensitivities - equity prices </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\">Effect on: </th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Available capital </th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Required capital </th><th class=\"valign-bottom startCol-6 endCol-7 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Ratio </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Scenario (%-point) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity prices -20% </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-10 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-10 </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+12 </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+14 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+1 </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Equity prices +20% </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+11 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+11 </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-9 </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-12 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+1 </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-2 </td></tr></tbody></table><br/><div class=\"header header-2\">Composition of equity risk portfolio </div><p>The total fair value of equities and similar investments at year-end 2025 was \u20ac\u00a04,826 million (2024: \u20ac\u00a04,732 million). The increase of the equity portfolio is both due to transactions and positive returns on the equity markets. Please note that the total fair value of equities and similar investments referred to in this section does not include \"Assets held for index-linked and unit-linked contracts\". Although the risks of these assets are primarily for the policyholders, guarantees within certain products may transfer some of the risk to a.s.r. </p><p>The equities are diversified across the Netherlands (including participating interests), other European countries and the United States. A limited part of the portfolio consists of investments in emerging markets and alternatives. A portfolio of equity options with a value of \u20ac\u00a013 million is in place to mitigate the equity risk. </p><p>The table shows the exposure of the equity portfolio to different categories. The total value is including the equities in externally managed funds. The category Other contains mainly the investments of ASR infrastructure Renewables (AIR) in windmill - and solarparks which are in scope of 'Qualifying infrastructure equities other than corporate' (\u20ac\u00a0155 million).  <br/></p><p>The composition of the equity portfolio is similar to previous year, The main differences are caused by the fact that a.s.r. life as of 2025 calculates the SCR in accordance with the PIM, which also impacts assets in scope of equity risk. The increase of 'Alternatives' is due the the fact that non-rated bonds of a.s.r. life are now in scope of equity risk instead of spread risk. The decrease of 'Other' is because the investment in AIR is threatend different, under PIM the net asset value of this participation is shocked, instead of applying looktrough. </p><h3 class=\"chart-title\">Composition equity risk portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/128.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295766\"><span class=\"number\">7.8.3.3 </span><span class=\"title-text\">Property risk </span></h1><p>The property risk takes into account the risk arising from the sensitivity of the values of assets, liabilities and financial instruments to changes in the level or in the volatility of market prices of real estate. The property risk depends on the total exposure to real estate. In order to maintain a good understanding of the actual property risk, a.s.r. applies the look through approach for investment funds and participations which activities are primarily real estate investments. </p><p>The Solvency II SF property risk is determined by calculating the impact on the available capital due to an immediate drop in property prices by 25%. Both assets and liabilities are taken into account. The product Agrarische Impact Erfpacht (AIE) has effectively a lower charge due to the underlying risk mitigating characteristics of this product. </p><p>The Solvency II IM for property risk includes an IM property shock on the real estate portfolio, calibrated on a.s.r.'s own portfolio's as opposed to a 25% shock in the SF. As of 2025, the a.s.r. life portfolio is included in the calibration of the IM property shock. </p><p>The sensitivity of the solvency ratio to changes in property value is monitored on a monthly basis. Sensitivity of regulatory solvency (Solvency II) to changes in property prices is shown in the following table. </p><h3 class=\"table-title\">Solvency II sensitivities - property values </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\">Effect on: </th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Available capital </th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Required capital </th><th class=\"valign-bottom startCol-6 endCol-7 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Ratio </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Scenario (%-point) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Property values -10% </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-12 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-11 </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+2 </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+2 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-10 </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-9 </td></tr></tbody></table><br/><div class=\"header header-2\">Composition of property risk portfolio </div><p>The property risk depends on the total exposure to property, which includes both property investments and property held for own use. The fair value of property was \u20ac\u00a010,314 million at year-end 2025 (2024: \u20ac\u00a09,712 million). The increase of the real estate portfolio is both due to transactions and positive returns on the real estate markets. </p><p>Please note that the total exposures to property referred to in this section does not include \"Assets held for index-linked and unit-linked contracts\". Although the risks of these assets are primarily for the policyholders, guarantees within certain products may transfer some of the risk to a.s.r. </p><h3 class=\"chart-title\">Composition property risk portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/129.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295786\"><span class=\"number\">7.8.3.4 </span><span class=\"title-text\">Currency risk </span></h1><p>Currency risk measures the impact of losses related to changes in currency exchange rates. The table provides an overview of the currencies with the largest exposures. a.s.r. has currency risk to insurance products in mainly American dollars (USD), Great British Pound (GBP) and Australian dollars (AUD). </p><p>A currency risk policy is in place for a.s.r. as well as for the registered insurance companies. For different investment categories a.s.r. has defined a target hedge ratio. Currency risk reports are submitted to KLFC at least once a month. In these reports the currency risk is monitored and tested against the limits according to the financial risk policies. </p><p>The required capital for currency risk is determined by calculating the impact on the available capital due to a change in exchange rates. Both assets and liabilities are taken into account and a look-through approach is applied for investment funds. For each currency the maximum loss due to an upward and a downward shock of 25% is determined except for a small number of currencies where lower shocks are applied (a.o. Danish crown). </p><h3 class=\"table-title\">Currency risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">SCR currency risk - required capital </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">157 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">403 </td></tr></tbody></table><br/><p>In 2025 the Solvency II SF currency risk has decreased with \u20ac\u00a0246 million. The decrease in currency risk is the result of both (i) a changed hedge policy in 2025 and (ii) the introduction of PIM for a.s.r. life. The currency risk of shares in scope of PIM are taken into account in the equity risk module and therefore not in scope of SCR Currency risk. </p><div class=\"header header-2\">Specification currencies with largest exposure </div><p>The total foreign exchange exposure at year-end 2025 was \u20ac\u00a0534 million (2024: \u20ac\u00a01,523 million). The decrease in 2025 (approximately \u20ac\u00a0990 million) is the result of both (i) a changed hedge policy in 2025 and (ii) the introduction of PIM for a.s.r. life. The currency risk of shares in scope of PIM is taken into account in the equity risk module and therefore not in scope of SCR Currency risk. </p><p>Please note that the total foreign exchange exposure referred to in this section does not include \"Assets held for index-linked and unit-linked contracts\". Although the currency risk of these assets are primarily for the policyholders, guarantees within certain products may transfer some of the risk to a.s.r. </p><h3 class=\"chart-title\">Composition currency portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/130.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295806\"><span class=\"number\">7.8.3.5 </span><span class=\"title-text\">Spread risk </span></h1><p>Spread risk arises from the sensitivity of the value of assets and liabilities to changes in the level of credit spreads on the relevant risk-free interest rates. a.s.r. has a policy of maintaining a well-diversified high-quality investment grade portfolio while avoiding large risk concentrations. Going forward, the volatility in spreads will continue to have possible short-term effects on the market value of the fixed income portfolio. In the long run, the credit spreads are expected to be realised and contribute to the growth of the own funds. Exposure to spread risk exists in both assets and liabilities. Asset exposure exists mainly through fixed income investments and mortgages. In order to maintain a good understanding of the actual spread risk, a.s.r. applies the look-through approach for investment funds. The spread risk of insurance products depends on guarantees and profit-sharing features. </p><p>The Solvency II SF spread risk is equal to the sum of the capital requirements for bonds, structured products and credit derivatives. Bonds and loans guaranteed by governments or international organisations could be in scope of counterparty default risk instead of spread risk. The capital requirement depends on (i) the market value, (ii) the modified duration and (iii) the credit quality category. </p><p>The Solvency II PIM for spread risk includes an IM spread shock which differs from the standard formula: </p><ul style=\"margin-bottom:0px;\"><li><p>Spread shocks are calibrated on a.s.r.'s own fixed income portfolio's. </p></li><li><p>In contrast to the standard formula, government bonds are shocked with a factor larger than zero. </p></li><li><p>Mortgages are in scope of the spread risk module, while under the standard formula mortgages are in scope of counterparty default risk. Hence, as a result, the spread risk inherent in a.s.r.'s mortgage portfolio is partly included in this section and partly under counterparty default risk. In particular, the mortgage portfolios of a.s.r. life, Aegon life and Aegon spaarkas are included in this section since these entities use the Partial Internal Model (PIM), while the mortgage portfolios of a.s.r. non-life and a.s.r. health are included under counterparty default risk since these entities apply the Solvency II Standard Formula (SF). </p></li><li><p>The Solvency II PIM includes pre-payment risk on the mortgage portfolio. </p></li></ul><ul style=\"margin-bottom:0px;\"><li><p>Furthermore, the Solvency II PIM makes use of a dynamic volatility adjustment approach, while the standard formula does not. The Dynamic Volatility Adjustment (DVA) methodology follows an asset-only approach, ensuring spread widening is the biting scenario. </p></li></ul><ul><li><p>The performance of the fixed income portfolio is assessed under a broad range of credit scenarios and the model determines which part of the (short-term) losses experienced by the assets are recouped. </p></li></ul><p>The sensitivity to spread risk is measured as the impact of an increase of spread on loans and corporate bonds of 75 bps. The VA is based on a reference portfolio. An increase of 75 bps of the spreads on loans and corporate bonds within the reference portfolio leads to an increase of the VA with 18 bps in 2025 (2024: 19bps). The credit spread sensitivity decreased to +5 increase in solvency ratio for a 75 bps spread shock, combined with a 18 bps VA shock. </p><h3 class=\"table-title\">Solvency II sensitivities - spread risk </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\">Effect on: </th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Available capital </th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Required capital </th><th class=\"valign-bottom startCol-6 endCol-7 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Ratio </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Scenario (%-point) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Spread +75 bp / VA +18bp (2024: VA +19bp) </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+14 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+15 </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-8 </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-7 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+5 </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+7 </td></tr></tbody></table><br/><div class=\"header header-2\">Composition of spread risk portfolio </div><p>Spread risk is managed on a portfolio basis within limits and risk budgets established by the relevant risk committees. Where relevant, credit ratings provided by the external rating agencies are used to determine risk budgets and monitor limits. A limited number of fixed-income investments do not have an external rating. These investments are generally assigned an internal rating. Internal ratings are based on methodologies and rating classifications similar to those used by external agencies. </p><p>The following tables provide a detailed breakdown of the fixed-income exposure by (i) rating class and (ii) sector. Assets in scope of spread risk are, by definition, not in scope of counterparty default risk. The total exposure of assets in scope of spread risk is \u20ac\u00a061,562 million (2024: \u20ac\u00a054,693 million). </p><p>The increase in exposure is mainly due to the introduction of PIM for a.s.r. life, as a result of which a.s.r. life's mortgage portfolio is now in the scope of spread risk. As of 2024, this mortgage portfolio was still in scope of counterparty default risk. In the composition diagrams below, this leads to an increase in (i) the category \"mortgages\" in the breakdown by sector and (ii) an increase in the category \"not rated\" in the breakdown by rating. As a result, the relative exposure of the other categories has decreased. </p><p>The composition fixed income portfolio by sector slightly changed compared to previous years. The category 'government core' has been replaced by 'government AAA-AA'. The 2024 figures have been adjusted accordingly. </p><p>Please note that the total fixed-income exposure referred to in this section does not include \"Assets held for index-linked and unit-linked contracts\". Although the risks of these assets are primarily for the policyholders, guarantees within certain products may transfer some of the risk to a.s.r. </p><h3 class=\"chart-title\">Composition spread risk portfolio by sector </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/131.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h3 class=\"chart-title\">Composition spread risk portfolio by rating </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/132.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><p>Please note that the category 'Not rated' consists mainly of mortgages (2025: 40% and 2024: 28%). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295826\"><span class=\"number\">7.8.3.6 </span><span class=\"title-text\">Market risk concentrations </span></h1><p>Concentrations of market risk constitute an additional risk to an insurer. Concentration risk is the concentration of exposures to the same counterparty. Other possible concentrations (region, country, etc.) are not in scope. The capital requirement for concentration risk is determined in three steps: </p><ol><li><p>determine the exposure above threshold. The threshold depends on the credit quality of the counterparty; </p></li><li><p>calculation of the capital requirement for each counterparty, based on a specified factor depending on the credit quality; </p></li><li><p>aggregation of individual capital requirements for the various counterparties. </p></li></ol><p>According to the spread risk module, bonds and loans guaranteed by a certain government or international organisation are not in scope of concentration risk. Bank deposits can be excluded from concentration risk if they fulfil certain conditions. </p><p>a.s.r. continuously monitors exposures in order to avoid concentrations in a single obligor outside of the risk appetite and has an overall limit on the total level of the required capital for market risk concentrations. The calculation of the market risk concentrations applies to the total investment portfolio, where, in line with Solvency II, government bonds are not included. </p><p>The required capital for market risk concentrations is nil as per year-end 2025 (2024: nil). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i23532": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295786\"><span class=\"number\">7.8.3.4 </span><span class=\"title-text\">Currency risk </span></h1><p>Currency risk measures the impact of losses related to changes in currency exchange rates. The table provides an overview of the currencies with the largest exposures. a.s.r. has currency risk to insurance products in mainly American dollars (USD), Great British Pound (GBP) and Australian dollars (AUD). </p><p>A currency risk policy is in place for a.s.r. as well as for the registered insurance companies. For different investment categories a.s.r. has defined a target hedge ratio. Currency risk reports are submitted to KLFC at least once a month. In these reports the currency risk is monitored and tested against the limits according to the financial risk policies. </p><p>The required capital for currency risk is determined by calculating the impact on the available capital due to a change in exchange rates. Both assets and liabilities are taken into account and a look-through approach is applied for investment funds. For each currency the maximum loss due to an upward and a downward shock of 25% is determined except for a small number of currencies where lower shocks are applied (a.o. Danish crown). </p><h3 class=\"table-title\">Currency risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-middle startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">SCR currency risk - required capital </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">157 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">403 </td></tr></tbody></table><br/><p>In 2025 the Solvency II SF currency risk has decreased with \u20ac\u00a0246 million. The decrease in currency risk is the result of both (i) a changed hedge policy in 2025 and (ii) the introduction of PIM for a.s.r. life. The currency risk of shares in scope of PIM are taken into account in the equity risk module and therefore not in scope of SCR Currency risk. </p><div class=\"header header-2\">Specification currencies with largest exposure </div><p>The total foreign exchange exposure at year-end 2025 was \u20ac\u00a0534 million (2024: \u20ac\u00a01,523 million). The decrease in 2025 (approximately \u20ac\u00a0990 million) is the result of both (i) a changed hedge policy in 2025 and (ii) the introduction of PIM for a.s.r. life. The currency risk of shares in scope of PIM is taken into account in the equity risk module and therefore not in scope of SCR Currency risk. </p><p>Please note that the total foreign exchange exposure referred to in this section does not include \"Assets held for index-linked and unit-linked contracts\". Although the currency risk of these assets are primarily for the policyholders, guarantees within certain products may transfer some of the risk to a.s.r. </p><h3 class=\"chart-title\">Composition currency portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/130.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i23638": {
   "value": "<h1 class=\"S_SUBPARAGRAPH\" id=\"n4295806\"><span class=\"number\">7.8.3.5 </span><span class=\"title-text\">Spread risk </span></h1><p>Spread risk arises from the sensitivity of the value of assets and liabilities to changes in the level of credit spreads on the relevant risk-free interest rates. a.s.r. has a policy of maintaining a well-diversified high-quality investment grade portfolio while avoiding large risk concentrations. Going forward, the volatility in spreads will continue to have possible short-term effects on the market value of the fixed income portfolio. In the long run, the credit spreads are expected to be realised and contribute to the growth of the own funds. Exposure to spread risk exists in both assets and liabilities. Asset exposure exists mainly through fixed income investments and mortgages. In order to maintain a good understanding of the actual spread risk, a.s.r. applies the look-through approach for investment funds. The spread risk of insurance products depends on guarantees and profit-sharing features. </p><p>The Solvency II SF spread risk is equal to the sum of the capital requirements for bonds, structured products and credit derivatives. Bonds and loans guaranteed by governments or international organisations could be in scope of counterparty default risk instead of spread risk. The capital requirement depends on (i) the market value, (ii) the modified duration and (iii) the credit quality category. </p><p>The Solvency II PIM for spread risk includes an IM spread shock which differs from the standard formula: </p><ul style=\"margin-bottom:0px;\"><li><p>Spread shocks are calibrated on a.s.r.'s own fixed income portfolio's. </p></li><li><p>In contrast to the standard formula, government bonds are shocked with a factor larger than zero. </p></li><li><p>Mortgages are in scope of the spread risk module, while under the standard formula mortgages are in scope of counterparty default risk. Hence, as a result, the spread risk inherent in a.s.r.'s mortgage portfolio is partly included in this section and partly under counterparty default risk. In particular, the mortgage portfolios of a.s.r. life, Aegon life and Aegon spaarkas are included in this section since these entities use the Partial Internal Model (PIM), while the mortgage portfolios of a.s.r. non-life and a.s.r. health are included under counterparty default risk since these entities apply the Solvency II Standard Formula (SF). </p></li><li><p>The Solvency II PIM includes pre-payment risk on the mortgage portfolio. </p></li></ul><ul style=\"margin-bottom:0px;\"><li><p>Furthermore, the Solvency II PIM makes use of a dynamic volatility adjustment approach, while the standard formula does not. The Dynamic Volatility Adjustment (DVA) methodology follows an asset-only approach, ensuring spread widening is the biting scenario. </p></li></ul><ul><li><p>The performance of the fixed income portfolio is assessed under a broad range of credit scenarios and the model determines which part of the (short-term) losses experienced by the assets are recouped. </p></li></ul><p>The sensitivity to spread risk is measured as the impact of an increase of spread on loans and corporate bonds of 75 bps. The VA is based on a reference portfolio. An increase of 75 bps of the spreads on loans and corporate bonds within the reference portfolio leads to an increase of the VA with 18 bps in 2025 (2024: 19bps). The credit spread sensitivity decreased to +5 increase in solvency ratio for a 75 bps spread shock, combined with a 18 bps VA shock. </p><h3 class=\"table-title\">Solvency II sensitivities - spread risk </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr style=\"border:none;\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;border-bottom:1px solid;\">Effect on: </th><th class=\"valign-bottom startCol-2 endCol-3 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Available capital </th><th class=\"valign-bottom startCol-4 endCol-5 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Required capital </th><th class=\"valign-bottom startCol-6 endCol-7 align-center border-bottom-1 border-left-1 border-right-1 border-top-1 colspan-2 headrow\" colspan=\"2\" scope=\"col\" style=\"text-align:center;vertical-align:bottom;border-bottom:1px solid;\">Ratio </th></tr><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">Scenario (%-point) </th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Spread +75 bp / VA +18bp (2024: VA +19bp) </td><td class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+14 </td><td class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+15 </td><td class=\"valign-middle startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">-8 </td><td class=\"valign-middle startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">-7 </td><td class=\"valign-middle startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:middle;\">+5 </td><td class=\"valign-middle startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:middle;\">+7 </td></tr></tbody></table><br/><div class=\"header header-2\">Composition of spread risk portfolio </div><p>Spread risk is managed on a portfolio basis within limits and risk budgets established by the relevant risk committees. Where relevant, credit ratings provided by the external rating agencies are used to determine risk budgets and monitor limits. A limited number of fixed-income investments do not have an external rating. These investments are generally assigned an internal rating. Internal ratings are based on methodologies and rating classifications similar to those used by external agencies. </p><p>The following tables provide a detailed breakdown of the fixed-income exposure by (i) rating class and (ii) sector. Assets in scope of spread risk are, by definition, not in scope of counterparty default risk. The total exposure of assets in scope of spread risk is \u20ac\u00a061,562 million (2024: \u20ac\u00a054,693 million). </p><p>The increase in exposure is mainly due to the introduction of PIM for a.s.r. life, as a result of which a.s.r. life's mortgage portfolio is now in the scope of spread risk. As of 2024, this mortgage portfolio was still in scope of counterparty default risk. In the composition diagrams below, this leads to an increase in (i) the category \"mortgages\" in the breakdown by sector and (ii) an increase in the category \"not rated\" in the breakdown by rating. As a result, the relative exposure of the other categories has decreased. </p><p>The composition fixed income portfolio by sector slightly changed compared to previous years. The category 'government core' has been replaced by 'government AAA-AA'. The 2024 figures have been adjusted accordingly. </p><p>Please note that the total fixed-income exposure referred to in this section does not include \"Assets held for index-linked and unit-linked contracts\". Although the risks of these assets are primarily for the policyholders, guarantees within certain products may transfer some of the risk to a.s.r. </p><h3 class=\"chart-title\">Composition spread risk portfolio by sector </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/131.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h3 class=\"chart-title\">Composition spread risk portfolio by rating </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/132.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><p>Please note that the category 'Not rated' consists mainly of mortgages (2025: 40% and 2024: 28%). </p><h1 class=\"S_PARAGRAPH\" id=\"n4295846\"><span class=\"number\">7.8.4 </span><span class=\"title-text\">Counterparty default risk </span></h1><p>Counterparty default risk reflects possible losses due to unexpected default or deterioration in the credit standing of counterparties and debtors. Counterparty default risk affects several types of assets: </p><ul><li><p>mortgages </p></li><li><p>savings-linked mortgage loans </p></li><li><p>derivatives </p></li><li><p>reinsurance </p></li><li><p>receivables </p></li><li><p>cash and cash equivalents </p></li></ul><p>Assets that are in scope of spread risk are, by definition, not in scope of counterparty default risk and vice versa. The Solvency II regime makes a distinction between two types of exposures: </p><ul><li><p>Type 1: These counterparties generally have a rating (reinsurance, derivatives, current account balances, deposits with ceding companies and issued guarantee (letter of credit). The exposures are not diversified. </p></li><li><p>Type 2: These counterparties are normally unrated (receivables from intermediaries and policyholders, mortgages with private individuals or SMEs). The exposures are generally diversified. </p></li></ul><p>The total capital requirement for counterparty risk is an aggregation of the capital requirement for type 1 exposure and the capital requirement for type 2 exposure by taking 75% correlation. </p><h3 class=\"table-title\">Counterparty default risk - required capital </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2025 </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Type 1 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">144 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">159 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Type 2 </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">96 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">234 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Diversification </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-15 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-24 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>226 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>369 </b></td></tr></tbody></table><br/><p>In 2025, the Solvency II SF Counterparty default has decreased with \u20ac\u00a0143 million. The counterparty risk type 1 is lower compared to previous year, mainly due to the decreased cash position. The counterparty risk type 2 is significantly lower per year-end 2025, mainly due to the introduction of PIM for a.s.r. life, as a.s.r. life's mortgage portfolio is now in the scope of spread risk. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295918\"><span class=\"number\">7.8.4.1 </span><span class=\"title-text\">Mortgages </span></h1><p>Mortgages are granted for the account and risk of third parties and for a.s.r.\u2019s own account. The a.s.r. portfolio consists only of Dutch mortgages with a limited counterparty default risk. The fair value of a.s.r.\u2019s mortgage portfolio in scope of Counterparty default risk is \u20ac\u00a02,789 million at year-end 2025 (2024: \u20ac\u00a011,846 million). The decrease in exposure is mainly due to the introduction of PIM for a.s.r. life, as a.s.r. life's mortgage portfolio is now in the scope of spread risk. </p><p>Please note that the mortgages of Aegon life, a.s.r. life and Aegon spaarkas are in scope of Solvency II IM spread risk. </p><h3 class=\"chart-title\">Composition mortgage portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/133.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><p>The Loan-to-Value ratio is based on the value of the mortgage according to Solvency II principals with respect to the a.s.r. calculated collateral. The percentage of mortgages which are in arrears for over three months remained stable at 0.04% in 2025 (2024: 0.04%). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295938\"><span class=\"number\">7.8.4.2 </span><span class=\"title-text\">Savings-linked mortgage loans </span></h1><p>The counterparty default risk of the savings-linked mortgage loans ('Spaarlossen') depends on the counterparty. For 11% of the portfolio, the counterparties are Special Purpose Vehicles. The risk is limited due to the robust quality of the mortgages in the Special Purpose Vehicles in combination with the tranching. a.s.r. has a cession-retrocession agreement with the counterparty for 86% of the portfolio, for which the risk is limited. Effectively, a.s.r. recognises the underlying receivable from the counterparty (or in the case of insolvency of the counterparty the mortgage loans transfers as collateral), mitigating the counterparty default risk of the savings-linked mortgage loans. </p><h3 class=\"chart-title\">Composition savings-linked mortgage loans portfolio </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/134.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295998\"><span class=\"number\">7.8.4.3 </span><span class=\"title-text\">Derivatives </span></h1><p>Over the Counter (OTC) derivatives are primarily used by a.s.r. to manage the interest-rate risks incorporated into the insurance liabilities. Interest-rate derivatives are traded with a well-diversified and qualitative dealer panel with whom there is an established International Swaps and Derivatives Association (ISDA) contract and a Credit Support Annex (CSA) in place. These CSAs include specific agreements on the exchange of collateral limiting market and counterparty risk. The outstanding value of the interest rate derivative positions is matched by collateral received from eligible counterparties, minimising the net counterparty default risk. In addition, a sizeable part of the interest-rate swap portfolio (and virtually all new interest rate swaps) are centrally cleared, which significantly reduces counterparty default risk. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295978\"><span class=\"number\">7.8.4.4 </span><span class=\"title-text\">Reinsurance </span></h1><p>a.s.r. collaborates with reinsurers. When entering into reinsurance contracts a.s.r. requires the counterparty to be rated at least single A. With respect to long-tail business and other sectors, the minimum permitted rating is single A. </p><p>The table shows the exposure to reinsurers which are in scope of counterparty default risk. The total exposure to reinsurers at year-end 2025 was \u20ac\u00a0274 million (2024: \u20ac\u00a0340 million). Counterparty default risk is immaterial for Aegon life\u2019s reinsurance exposure and therefore not in scope of the Composition table. As of 2025 part of the insurance portfolio of a.s.r. health is internally reinsured by a.s.r. non-life. On group level these reinsurance contracts do not contribute to Counterparty default risk and therefore not in scope of the Composition table. </p><h3 class=\"chart-title\">Composition reinsurance counterparties by rating </h3><div style=\"width:50%;max-width:960px;\"><div style=\"padding-bottom:50%;position:relative;\"><img alt=\"\" src=\"resources/135.svg\" style=\"width:100%;height:100%;position:absolute;\"/></div></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295958\"><span class=\"number\">7.8.4.5 </span><span class=\"title-text\">Receivables </span></h1><p>The receivables with a counterparty default risk amounted to \u20ac\u00a0637 million at year-end 2025. This consists of Health insurance fund receivables (\u20ac\u00a0182 million), intermediaries receivables (\u20ac\u00a097 million), policyholders receivables (\u20ac\u00a046 million) and other (non-insurance) receivables (\u20ac\u00a0311 million). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295871\"><span class=\"number\">7.8.4.6 </span><span class=\"title-text\">Cash and cash equivalents </span></h1><p>The current accounts in scope of counterparty default risk amounted \u20ac\u00a01,105 million in 2025 (2024: \u20ac\u00a02,494 million), this excludes commercial papers. </p><h3 class=\"table-title\">Composition cash accounts by rating </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\">\u00a0</th><th class=\"valign-middle startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>31 December 2025 </b></th><th class=\"valign-middle startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:middle;\"><b>31 December 2024 </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">AAA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">40 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">AA </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">117 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">176 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">A </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">988 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,278 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Lower than A </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">0 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">0 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,105 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,494 </b></td></tr></tbody></table><br/><h1 class=\"S_SUBPARAGRAPH\" id=\"n4295891\"><span class=\"number\">7.8.4.7 </span><span class=\"title-text\">Expected credit loss </span></h1><p>The recognition and measurement of impairments is forward-looking, and apply to all debt instruments measured at amortised cost and at FVOCI. Initially, a provision is required for credit losses expected within the next 12 months. This is referred to as \u2018Stage 1\u2019. If there is a significant increase in credit risk between the moment of origination and the reporting date, but the exposure is not in default, the exposure is in \u2018Stage 2\u2019. If the exposure is in default, this is referred to as \u2018Stage 3\u2019. For both \u2018Stage 2\u2019 and \u2018Stage 3\u2019, a provision is required for expected credit losses over the remaining lifetime of the financial asset. </p><div class=\"header header-2\">Expected credit loss measurement </div><p>The impairment requirements outline a \u2018three-stage\u2019 model for impairment based on changes in credit quality since initial recognition as summarised below: </p><ol><li><p>A financial instrument that is not credit-impaired on initial recognition is classified into \u2018Stage 1\u2019 and has its credit risk continuously monitored by a.s.r.: <br/>a) If a significant increase in credit risk (\u2018SICR\u2019) since initial recognition is identified, the financial instrument is moved to \u2018Stage 2\u2019 but is not yet deemed to be credit impaired. <br/>b) If the financial instrument is credit-impaired, the financial instrument is then moved to \u2018Stage 3\u2019. </p></li><li><p>Financial instruments in Stage 1 have their ECL measured at a 12-month expected credit losses that result from default events possible within the next 12 months. </p></li><li><p>Financial instruments in Stages 2 or 3 have their ECL measured based on expected credit losses on a lifetime basis. </p></li></ol><p>ECL is measured on either a 12-month basis (Stage 1) or lifetime basis (Stages 2/3) depending on whether a significant increase in credit risk has occurred since initial recognition or whether an asset is considered to be credit-impaired. </p><p>Expected credit losses are the discounted product of the Probability of Default (PD), Exposure at Default (EAD), and Loss Given Default (LGD), defined as follows: </p><ul><li><p>PD represents the likelihood of a borrower defaulting on its financial obligation, either over the next 12 months (12-month PD), or over the remaining lifetime (lifetime PD) of the obligation; </p></li><li><p>EAD is based on the amounts a.s.r. expects to be owed at the time of default, over the next 12 months (12-month EAD) or over the remaining lifetime (lifetime EAD); </p></li><li><p>LGD represents a.s.r.\u2019s expectation of the extent of the loss on a defaulted exposure. LGD varies by type of counterparty, type and seniority of the claim, and availability of collateral or other credit support. LGD is expressed as a percentage loss per unit of exposure at the time of default (EAD). LGD is calculated on a 12-month or lifetime basis, where the 12-month LGD is the percentage of loss expected to be made if the default occurs in the next 12 months, and the lifetime LGD is the percentage of loss expected to be made if the default occurs over the remaining expected lifetime of the loan. </p></li></ul><p>A pervasive concept in measuring ECL is that it should consider forward-looking information. a.s.r. has performed historical analyses to identify the key economic variables impacting credit risk and expected credit losses for each portfolio. Expert judgment was also applied in this process. </p><p>a.s.r. employs a model to calculate ECL on the asset class mortgage loans at amortised cost. </p><p>Asset classes not covered by the ECL calculations are considered either to have immaterial credit risk or to be short-term in nature. </p><p>Given the nature and credit quality of the mortgage loans measured at amortised cost, with only limited number of mortgages with payment arrears and in general sufficient collateral, the total loss allowance of mortgages that is recognised per 31 December 2025 is less than \u20ac\u00a01 million (31 December 2024: less than \u20ac\u00a01 million), with no material transfers between Stage 1, Stage 2 and Stage 3 for the reported period. </p><p>The total of undiscounted ECL at initial recognition for purchased or originated credit-impaired financial assets recognised during 2025 amounts to \u20ac\u00a00 million (2024: \u20ac\u00a00 million), as no credit-impaired financial assets are originated or purchased by a.s.r. </p><p>The following tables further specify the changes in gross carrying amounts of the mortgage loans measured at amortised cost. The gross carrying amounts in these tables are the clean values, thus excluding the accrued interest. </p><h3 class=\"table-title\">Changes in gross carrying amounts of mortgage loans measured at amortised cost </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2025 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 1 <br/>(12-month ECL) </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 2 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 3 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,566 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,624 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Stage transfers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-28 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">28 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases and originations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">173 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">173 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-198 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-200 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other changes </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-69 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-69 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross carrying amount at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,444 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>81 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>3 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>2,529 </b></td></tr></tbody></table><br/><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\"><b>2024 </b></th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 1 <br/>(12-month ECL) </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 2 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Stage 3 <br/>(Lifetime ECL) </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Total </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14,121 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">414 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">18 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">14,552 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Stage transfers </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">34 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-34 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Purchases and originations </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">408 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">410 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Repayments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-322 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-7 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-1 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-330 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Changes in the composition of the group </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-11,730 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-320 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-13 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-12,063 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other changes </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">55 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Gross carrying amount at 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,566 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>55 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>4 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>2,624 </b></td></tr></tbody></table><br/><p>Per 31 December 2025, private loans measured at amortised cost are in Stage 1 for an amount of \u20ac\u00a08 million, and nil in Stage 2 and Stage 3 (31 December 2024: \u20ac\u00a09 million in Stage 1, nil in Stage 2 and Stage 3). </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i24041": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4296018\"><span class=\"number\">7.8.5 </span><span class=\"title-text\">Liquidity risk </span></h1><div class=\"header header-2\">Definition and Framework </div><p>Liquidity risk is the risk that a company is not able to meet its financial obligations to policyholders and other creditors when they become due and payable, at a reasonable cost and in a timely manner. This risk is not quantified in the Solvency Capital Requirement (SCR). </p><p>Liquidity risk management has several levels: </p><ul><li><p>Short-term management: This covers the day-to-day cash requirements and aims to meet short-term liquidity risk targets. </p></li><li><p>Medium-to-long-term management: This considers the strategic matching of liquidity and funding needs in different business conditions. This is also part of the strategic asset allocation process. </p></li><li><p>Stress management: This refers to the ability to respond to a potential crisis resulting from a market event and/or a company-specific event. </p></li></ul><div class=\"header header-2\">Sources of Liquidity Risk </div><p>Although a significant proportion of the investment portfolio can be quickly converted into cash under normal circumstances, some assets, such as private loans, mortgage loans, real estate, may not be possible to sell at a reasonable price on short notice. Specific events that can have a sudden, adverse impact on available liquidity include: </p><ul><li><p>A large change in interest rates or credit spreads. </p></li><li><p>Insolvency or loss of confidence of a counterparty were current accounts or credit facility is held. </p></li><li><p>Unexpected lapses in the insurance portfolios. </p></li><li><p>Margin calls related to derivative agreements. </p></li><li><p>General market circumstances in which liquidity becomes scarce. </p></li></ul><div class=\"header header-2\">Monitoring and Stress Testing </div><p>The liquidity position is monitored continuously through various reports, such as the Liquiditeiten Allocatie Plan and the Liquidity Stress Test. The latter tests the ability to meet all potential cash demands and is conducted for at least two scenarios: </p><ol><li><p>Base scenario: Assumes current market conditions ('business as usual'). </p></li><li><p>Stressed scenario: A scenario in which both liabilities and assets are stressed. This represents a very extreme scenario with respect to the materialization of liquidity risk. </p></li></ol><div class=\"header header-2\">Risk Mitigation Techniques </div><p>The policy aims to ensure that sufficient highly liquid assets are held to meet all payment obligations, both in normal and extreme conditions. The primary mitigation techniques are: </p><ul><li><p>Holding liquid assets: A buffer of liquid assets is maintained, comprising of cash, and cash equivalents and investment-grade securities for which there is an active and liquid market. Furthermore, a portion of liquid assets must be held in overnight liquidity. </p></li><li><p>External funding facilities: To ensure liquidity under all market circumstances, committed external facilities are available, such as repo-facilities and liquidity facilities with third parties. </p></li><li><p>Strategic Asset Allocation: The strategic asset allocation reflects the expected and contingent liquidity needs of the liabilities. </p></li><li><p>Contingency planning: An adequate and up-to-date policy and contingency plan are in place to enable management to act effectively and efficiently in times of crisis. </p></li></ul><p>The following table shows the contractual undiscounted cash flows of the insurance liabilities based on Solvency II. All other line items as well as the total carrying value are based on IFRS principles. </p><p>The insurance liabilities include the impact of expected lapses and mortality as well as non-profit sharing cash flows. Profit sharing cash flows of insurance liabilities are not taken into account, nor are equities, property and swaptions. Furthermore, cash flows of the pension benefit obligations are taken into account. </p><h3 class=\"table-title\">Contractual cash flows </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Payable on demand </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-5 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 10 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Carrying value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2025 </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">750 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,292 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">32,597 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">25,037 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">76,712 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">101,360 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pension Benefit Obligation </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">133 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,066 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,342 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">6,036 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,810 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">209 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,141 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">4,868 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">10,541 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">15,453 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">3,550 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">2,664 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">757 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,082 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">1,531 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">9,585 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Future interest payments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">109 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">394 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">416 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">704 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>4,301 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>7,405 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>36,954 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>32,744 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>95,525 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>131,209 </b></td></tr></tbody></table><br/><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Payable on demand </b></th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&lt; 1 years </b></th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>1-5 years </b></th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>5-10 years </b></th><th class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>&gt; 10 years </b></th><th class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\"><b>Carrying value </b></th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>31 December 2024 </b></td><td class=\"valign-bottom startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Insurance liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">712 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,352 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">29,731 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">23,847 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">75,592 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">102,565 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Pension Benefit Obligation </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">125 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,012 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,292 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">6,001 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">5,037 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Derivatives liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">768 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">2,091 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,996 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,310 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">8,666 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Financial liabilities </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">4,397 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,448 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,322 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,052 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">3,070 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">11,312 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Future interest payments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">228 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">750 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">746 </td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">1,226 </td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td></tr><tr class=\"cBoderType2\"><td class=\"valign-middle startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:middle;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Total </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>5,109 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>6,922 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>34,906 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>28,932 </b></td><td class=\"valign-bottom startCol-6 endCol-6 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>89,199 </b></td><td class=\"valign-bottom startCol-7 endCol-7 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>127,580 </b></td></tr></tbody></table><br/><p>The insurance contract liabilities contractual cash flows for the period 1-5 years can be split into: 1-2 years \u20ac\u00a015,314 million (2024 \u20ac\u00a013,455 million), 2-3 years \u20ac\u00a05,969 million (2024 \u20ac\u00a05,525 million), 3-4 years \u20ac\u00a05,807 million (2024 \u20ac\u00a05,479 million) and 4-5 years \u20ac\u00a05,506 million (2024 \u20ac\u00a05,271 million). </p><p>When the amount payable is not fixed the amount reported is determined by reference to the conditions existing at the reporting date. </p><p>Financial liabilities payable on demand include the liability recognised for cash collateral received under ISDAs, concluded with counterparties. The related cash collateral received is recognised as cash and cash equivalents, and not part of the liquidity risk exposure table. </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i24173": {
   "value": "<h1 class=\"S_PARAGRAPH\" id=\"n4293388\"><span class=\"number\">7.9.1 </span><span class=\"title-text\">Capital management objectives </span></h1><div class=\"header header-2\">Management </div><p>a.s.r. is committed to maintain a strong capital position for a.s.r. and the insurance entities to be a robust and sustainable insurer for its policyholders and other stakeholders. The objective is to maintain a solvency ratio well above the minimum levels as defined in the risk appetite statements and above the relevant management threshold levels. </p><p>a.s.r. uses limits and targets for capital management of a.s.r. and the insurance entities that are based on the Solvency II requirements. a.s.r. uses the Partial Internal Model to calculate and report the required capital for a.s.r. life, Aegon life, Aegon spaarkas and the Solvency II SF model to calculate and report required capital for the other insurance entities. The capital limits and targets are annually defined in the risk appetite statements and monitored continuously.\u00a0 The priority in defining the capital limits and targets is protecting the financial rights of the policyholders. Secondly, the interest of shareholders is considered. a.s.r. actively manages its in-force business, which is expected to result in free capital generation over time. Additionally, business improvement and balance sheet restructuring should improve the capital generation capacity while advancing the risk profile of the company. </p><p>The internal minimum solvency ratio for a.s.r as formulated in the risk appetite statements is 120%. The lower limit solvency target is 140%. The management threshold level for the solvency ratio is above 160%. The solvency ratio stood at 218% on 31 December 2025 (2024: 198%), which is comfortably above the internal requirement of 120% and the management threshold level of 160%. If and when a.s.r. operates above 175% for a prolonged period and a.s.r. cannot invest this capital in value-creating opportunities, a.s.r. may return capital to shareholders. If a.s.r. elects to return capital, it intends to do so in the form that is most efficient for shareholders at that specific point in time, such as additional dividends or share buybacks. </p><p>The legal entities are individually capitalised and surplus capital is in principle held at the level of the OTSO's. a.s.r. aims to maintain the surplus capital above the management thresholds at the insurance entities for the creation of return and capital generation. Dividend upstream from the OTSO's covers external dividends, coupon payments on hybrids/senior financing instruments, holding costs and strategic investments. In 2025, \u20ac\u00a0700 million dividend was distributed from a.s.r. and \u20ac\u00a0230 million own shares have been bought back (2024: \u20ac\u00a0654 million dividends and \u20ac\u00a0100 million share buy-backs). </p><p>To support its ability to pay out the proposed dividend, a.s.r. seeks to maintain a liquidity buffer at the holding company at year-end that is at least equal to or in excess of the dividends paid out in the previous year plus the regular holding costs and interest payments for the one-year period. The holding liquidity buffer may include next to bank accounts and liquid investments the unrestricted part of the committed Revolving Facility available to the Holding, subject to a cap of 25% of the total year-end holding liquidity. In addition, a.s.r. aims to ensure that the liquidity buffer during the year is sufficient to cover regular holding costs and interest payments for at least one year. </p><p>The graph shows how the eligible own funds of a.s.r. relate to the different capital targets. </p><div class=\"figure-container\" style=\"width:50%\"><h4 class=\"figure-title\">Market value own funds under SCR </h4><img alt=\"\" class=\"figure\" src=\"resources/138.png\" style=\"--tan-image-percentage:50\"/></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "xbrlvalue-dividendsproposedordeclaredbeforefinancialstatementsauthorisedforissuebutnotrecognisedasdistributiontoownerspershare-i24272": {
   "value": "2.14",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "xbrlvalue-dividendsproposedordeclaredbeforefinancialstatementsauthorisedforissuebutnotrecognisedasdistributiontoowners-i24273": {
   "value": "438000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "section-blocktag-i24307": {
   "value": "<div class=\"tanPageBreak start-node\"></div><h1 class=\"S_CHAPTER\" id=\"n4295529\"><span class=\"number\">7.10 </span><span class=\"title-text\">Operating result </span></h1><p>a.s.r. manages its business primarily using operational key performance indicators (KPIs). The operating result is the KPI covering the overall profitability of the business. Furthermore, a.s.r. uses other operational measures such as the Non-Life ratio, the life operating expenses as well as the availability and creation of capital, based on the Solvency II PIM, as key figures in business decision making (see <a href=\"#n4293345\" title=\"Capital management\">section 7.9</a>). </p><p>The operating result is managed and presented at the consolidated a.s.r. and at a segment level (see <a href=\"#n4296349\" title=\"Segmented income statement and operating result\">section 7.4.3</a>) and is also a key profitability indicator at business line level. The operating result is an inclusive measure covering all result components that can be influenced by the regular business. As such the operating result is the single bottom line performance indicator covering the performance of the business. </p><p>Operating result as presented below is an Alternative Performance Measure (non-GAAP financial measure) and is not a measure of financial performance under IFRS. Because it is not determined in accordance with IFRS, operating result as presented by a.s.r. may not be comparable to other similarly titled measures of performance of other companies. </p><p>In 2024, a.s.r. made amendments to the operating result with an impact of \u20ac\u00a066 million. </p><p>Additional information on these amendments is presented in the subsequent sections in this paragraph. </p><div class=\"header header-1\">Definition of operating result </div><p>Operating result is calculated by using the result before tax from continuing operations reported in accordance with IFRS, adjusted for the following: </p><p>1. <b>Adjustments to the insurance service result: </b></p><ul><li><p>The impact of changes to future services on onerous contracts; </p></li><li><p>The impact of changes of inflation on the liability for incurred claims; </p></li><li><p>The amortisation of pre recognition interest rate hedged developments prior to initial CSM recognition. When a.s.r. explicitly hedges pre-recognition interest movements to protect the profitability of new business Level of Aggregation (LoA), the valuation of this interest rate hedge as per date of initial recognition CSM will be added to CSM of this new business LoA. Consequently, the interest hedge will be amortised over the remaining period of the LoA, equal to the period of release of the CSM of the respective LoA. </p></li></ul><p>2. <b>Adjustments to the investment and finance result:</b> investment and finance result, excluding general investment operating expenses, is replaced by an Operating Investment and Finance Result (which is part of the Operating Result) and is defined as the expected return on the investments in excess of the expected interest accrual on the insurance liabilities, the directly attributable investment operating expenses, all hybrid expenses (including hybrid expenses through OCI) and the UFR drag for each reporting period. </p><p>The operating result should reflect the operational performance of a.s.r. and should exclude revaluation effects on the assets and (insurance related) liabilities as a result of interest and spread movements and/or equity and real estate market movements. </p><p>If a.s.r. is to value the present value of future cash flows, it is common market practice to make use of a forward curve (based on the current discount curve) plus a certain premium reflecting the risk of invested assets. This premium is defined as the implied spread at the beginning of the period over which the result is calculated. </p><p>The expected return is calculated as: </p><ul><li><p>For the fixed income investments: the market value of the fixed income assets at the beginning of the period multiplied by the total of the one-year forward swap rate and the implied spread at the beginning of the period; </p></li><li><p>For equities and real estate investments: the market value of the equity and real estate assets at the beginning of the period multiplied by a total return assumption; </p></li><li><p>For Insurance related liabilities: the market value of the insurance related liabilities at the beginning of the period multiplied by the one-year forward rate of the IFRS17 curve (i.e. including the Liability Illiquidity Premium and Credit Risk Adjustment); </p></li><li><p>The other assets / liabilities at the beginning of the period multiplied by the one-year forward curve.  <br/></p></li></ul><p>The implied spread per fixed income asset category is defined as the required increase above the swap curve to determine the current market value. The implied spreads are calculated quarterly. a.s.r. has defined five fixed income asset categories that each have an implied spread. </p><p>The balance sheet at the beginning of the period is based on a.s.r.\u2019s look-through principle, i.e. all assets in the same asset category have a similar risk-profile (e.g. fixed income funds are classified as fixed income and not as equities, real estate funds are classified as real estate, etc.). </p><p>For real estate and equity investments, a.s.r. applies a total return assumption of 5.5% and 6.6% (pre-tax) respectively. This assumption is evaluated each year. </p><p>3. <b>Other adjustments and incidental items</b>: </p><ul><li><p>Model- and methodological changes of a fundamental nature, in the measurement of the insurance liabilities; </p></li><li><p>Results of non-core operations; </p></li><li><p>Non-recurring or one-off items related to the ongoing business; </p></li><li><p>Non-recurring or one-off items not related to the ongoing business, such as (non-exhaustive) restructuring costs, regulatory costs not related to business activities, changes in own pension arrangements and expenses related to mergers and acquisitions (M&amp;A) activities and start-ups. </p></li></ul><p>The treatment of intercompany transactions and eliminations between group companies has been split into continued and discontinued operations. In cases where the a.s.r. group continues to provide services to a discontinued operation subsequent to the disposal, the elimination of intragroup transactions between the continuing operations and the discontinued operation before the disposal will be treated in a way that reflects the continuance of these transactions, and as such impacts the operating result. This could have an impact on insurance service result, investment and finance result and other adjustments and incidental items. </p><p>The RoE, which is based on the operating result, is defined as: </p><ol class=\"style-lower-roman\"><li><p>The operating result adjusted for the applicable tax divided by </p></li><li><p>The IFRS equity adjusted for the unrealised capital gains reserve that may be reclassified subsequently to profit or loss and equity components of discontinued operations and non-core activities. </p></li></ol><div class=\"header header-1\">Historical comparison </div><p>a.s.r. introduced the operating result in 2015 prior to the IPO. The operating result has since been the KPI for managing the profitability of the business. </p><div class=\"header header-2\">IFRS result before tax versus operating result </div><div class=\"figure-container\" style=\"width:50%\"><img alt=\"\" class=\"figure\" src=\"resources/139.png\" style=\"--tan-image-percentage:50\"/></div><p>The four-year comparison of the IFRS result before tax and the operating result shows that, as expected, the IFRS results show more volatility than the operating result. In 2022 this was mainly driven by sharply rising interest rates resulting in significant revaluations. In 2025 this was also the case but to a lesser extent. Operating result is less sensitive to financial market developments, as, amongst others, the Operating Investment and Finance Result is based on a standard return. </p><p>In 2023, IFRS result exceeded operating result mainly due to the downward adjustment of investment and finance result to the normalised operating investment and finance result. In 2025 the adjustment to the investment and finance result was the main cause of the upward adjustment to the operating result (see below). The 2023 results have been restated due to the sale of Knab, the 2024 results have been restated due to the accounting policy change related to Individual disability policies, see <a href=\"#n4294956\" title=\"Changes in accounting policies\">section 7.3.2.1</a>. </p><div class=\"header header-1\">Reconciliation of IFRS result for the year to operating result </div><p>The reconciliation of the IFRS result for the year to the operating result is presented as follows: </p><h3 class=\"table-title\">IFRS result to operating result </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 align-left border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 <br/>(restated) </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result before tax </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>696 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,464 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Minus adjustments related to the insurance service result </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-34 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-14 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Minus adjustments related to the investment and finance result </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-762 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">173 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Minus adjustments related to the other result </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-146 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-158 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Operating result </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>1,637 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,463 </b></td></tr></tbody></table><br/><p>In 2025, adjustments related to the insurance service result (<span style=\"white-space:nowrap;\">\u20ac\u00a0-34 million</span>) consist mainly of the amortisation of pre-recognition interest rate hedged developments prior to the initial CSM recognition (<span style=\"white-space:nowrap;\">\u20ac\u00a0-16 million</span>) and the non-economic assumption update for inflation in the liability for incurred claims of Disability (<span style=\"white-space:nowrap;\">\u20ac\u00a0-9 million</span>), a charge related to interest accretion on provisions for undercoverage of separate accounts (<span style=\"white-space:nowrap;\">\u20ac\u00a0-8 million</span>) and expenses for regulatory pension reform (<span style=\"white-space:nowrap;\">\u20ac\u00a0-6 million</span>).These were partly offset by changes to future services on onerous contracts (<span style=\"white-space:nowrap;\">\u20ac\u00a011 million of which\u00a0<span style=\"white-space:nowrap;\">\u20ac\u00a0-46 million</span>\u00a0in Non-life and <span style=\"white-space:nowrap;\">\u20ac\u00a057 million</span>\u00a0in Life)</span>, mainly due to updates of assumptions on disability, mortality and surrender). </p><p>Adjustments related to the investment and finance result (<span style=\"white-space:nowrap;\">\u20ac\u00a0-762 million</span>) were mostly driven by revaluations with a negative P&amp;L impact due to increasing interest rates and a steepening of the curve, partly offset by positive real estate revaluations. </p><p>Adjustments related to the other result (<span style=\"white-space:nowrap;\">\u20ac\u00a0-146 million</span>) consist of costs for integration of the Aegon NL business lines (<span style=\"white-space:nowrap;\">\u20ac\u00a0-88 million</span>) charged to the Holding, project costs for the regulatory pension reform and CSRD, project costs for the implementation of the PIM of a.s.r. life, amortisations of intangible assets recognised in earlier acquisitions (<span style=\"white-space:nowrap;\">\u20ac\u00a0-71 million</span>)and a derecognition gain on the earlier 45% share in HumanTotalCare and on the sale of some participations in Distribution and Services (<span style=\"white-space:nowrap;\">\u20ac\u00a035 million</span>). </p><p>The operating result of 2024 was adjusted by \u20ac\u00a035 million to <span style=\"white-space:nowrap;\">\u20ac\u00a01,463 million</span> following the change in accounting policy for the measurement of the liability for remaining coverage and incurred claims for Individual disability contracts, see <a href=\"#n4294956\" title=\"Changes in accounting policies\">section 7.3.2.1</a>. </p><p>In 2024, adjustments related to the insurance service result (<span style=\"white-space:nowrap;\">\u20ac\u00a0-14 million</span>) mainly consist of the non-economic assumption update for inflation in the liability of incurred claims of Disability (<span style=\"white-space:nowrap;\">\u20ac\u00a0-25 million</span>) and the amortisation of pre-recognition interest rate hedged developments prior to the initial CSM recognition (<span style=\"white-space:nowrap;\">\u20ac\u00a0-18 million</span>). These were partly offset by changes to future services on onerous contracts (\u20ac\u00a0<span style=\"white-space:nowrap;\">39 million</span>, mostly reflecting synergies in expense provisioning). </p><p>Adjustments related to the investment and finance result (<span style=\"white-space:nowrap;\">\u20ac\u00a0173 million</span>) were mainly related to revaluations due to market developments to arrive at normalised investment returns in the operating result. </p><p>Adjustments related to the other result of <span style=\"white-space:nowrap;\">\u20ac\u00a0-158 million</span> mainly consist of the following items: </p><ul><li><p>the cost of integration of Aegon NL (<span style=\"white-space:nowrap;\">\u20ac\u00a0- 83 million</span>) </p></li><li><p>restructuring provision expenses (<span style=\"white-space:nowrap;\">\u20ac\u00a0- 27 million</span>); </p></li><li><p>amortisation of other intangible assets identified in business combinations (<span style=\"white-space:nowrap;\">\u20ac\u00a0- 42 million</span>). </p></li></ul>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "section-blocktag-i24308": {
   "value": "<div class=\"tanPageBreak start-node\"></div><h1 class=\"S_CHAPTER\" id=\"n4296450\"><span class=\"number\">7.11 </span><span class=\"title-text\">Company financial statements </span></h1><h1 class=\"S_PARAGRAPH\" id=\"n4296463\"><span class=\"number\">7.11.1 </span><span class=\"title-text\">Company balance sheet </span></h1><h3 class=\"table-title\">Company balance sheet </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:13%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>(in \u20ac\u00a0millions and before profit appropriation) </b></th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 format-notes headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">Note </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2025 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">31 December 2024 (restated) </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Non-current assets </b></td><td class=\"valign-top startCol-2 endCol-2 align-center border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:center;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Intangible assets </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.4 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">250 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">295 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Property, plant and equipment </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.5 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">221 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">230 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Financial fixed assets </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">- Subsidiaries </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.6 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">10,767 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">10,714 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">- Loans to group companies </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.7 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">47 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">123 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">- Investments </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.8 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">151 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">252 </td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total financial fixed assets </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>10,966 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>11,090 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total non-current assets </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>11,437 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>11,615 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1\" style=\"text-align:left;vertical-align:top;\"><b>Current assets </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other receivables </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.10 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">5,793 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">6,391 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Cash and cash equivalents </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.11 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">674 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">715 </td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total current assets </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>6,467 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>7,106 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total assets </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>17,904 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>18,721 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1\" style=\"text-align:left;vertical-align:top;\"><b>Equity </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Share capital </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.12 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">33 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">34 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Share premium reserve </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.12 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">4,028 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">4,070 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Actuarial gains and losses </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.12 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-38 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-175 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Legal reserves </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.12 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1,697 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">857 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Retained earnings </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.12 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">2,599 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">3,335 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Net result for the year </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">549 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><i>958 </i></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><i>Less: interim dividend </i></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><i>-262 </i></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><i>-245 </i></td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Unappropriated result </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.12 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">286 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">713 </td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Equity attributable to shareholders </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>8,605 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>8,834 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other equity instruments </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.12 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1,507 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><i>1,007 </i></td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Equity attributable to holders of equity instruments </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>10,111 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>9,841 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1\" style=\"text-align:left;vertical-align:top;\"><b>Provisions </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Employee benefits </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.13 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">4,810 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">5,036 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other provisions </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.14 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">57 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">79 </td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total provisions </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>4,866 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>5,115 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1\" style=\"text-align:left;vertical-align:top;\"><b>Long-term liabilities </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Subordinated liabilities </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.15 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1,503 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">2,007 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Borrowings </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.16 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">827 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">826 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Debts to group companies </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.17 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">177 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">208 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Deferred tax liabilities </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.9 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">304 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">430 </td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total long-term liabilities </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>2,810 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>3,470 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1\" style=\"text-align:left;vertical-align:top;\"><b>Current liabilities </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other liabilities </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.18 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">116 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">295 </td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total current liabilities </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>116 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>295 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total equity and liabilities </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>17,904 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>18,721 </b></td></tr></tbody></table><br/><p>The numbers following the line items refer to the relevant sections in the notes to the company financial statements. </p><div class=\"tanPageBreak start-node\"></div><h1 class=\"S_PARAGRAPH\" id=\"n4296480\"><span class=\"number\">7.11.2 </span><span class=\"title-text\">Company income statement </span></h1><h3 class=\"table-title\">Company income statement </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\"><b>(in \u20ac\u00a0millions) </b></th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 format-notes headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">Note </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2025 </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">2024 (restated) </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Operating expenses </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.19 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-308 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-279 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other expenses </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-3 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-1 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other income </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">1 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1\" style=\"text-align:left;vertical-align:top;\"><b>Income from subsidiaries and investments </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 border-bottom-1 border-left-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Share of result in subsidiaries </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1,150 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">1,414 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Investment income </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.20 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">25 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">225 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Fair value gains and losses </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">4 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">10 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Interest expenses </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">7.11.3.21 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-551 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-255 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Result before tax </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>317 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>1,117 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Income tax (expense) / gain </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">232 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">81 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Result after tax from continuing operations </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>549 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>1,198 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>Discontinued operations </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-left-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Result after tax from discontinued operations </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-240 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Net result </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-right-1 border-top-1 format-notes\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>549 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>958 </b></td></tr></tbody></table><br/><p>The share of result in subsidiaries is presented net of tax. Therefore the income tax gains are to be compared with the result before tax excluding share of result in subsidiaries. For a consolidated analysis of the effective tax rate, see <a href=\"#n4294451\" title=\"Income tax expense\">section 7.6.12</a>. </p><h1 class=\"S_PARAGRAPH\" id=\"n4296495\"><span class=\"number\">7.11.3 </span><span class=\"title-text\">Notes to the company financial statements </span></h1><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296762\"><span class=\"title-text\">7.11.3.1 Changes in comparative figures </span></h1><p>The impact of these changes on a.s.r.\u2019s result before tax and shareholders returns is summarised in <a href=\"#n4294941\" title=\"Changes in accounting policies and presentations\">section 7.3.2</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296775\"><span class=\"title-text\">7.11.3.2 Accounting policies </span></h1><p>The company financial statements are prepared in accordance with Title 9, Book 2 of the Dutch Civil Code. The consolidated financial statements of a.s.r. for 2025 have been prepared in accordance with IFRS \u2013 including the IAS and Interpretations \u2013 as accepted within the EU and with part 9 of the book of the Dutch Civil Code. In accordance with Section 362(8), Book 2 of the Dutch Civil Code, the same accounting policies for the recognition and measurement of assets and liabilities and determination of results applied to the company financial statements are applied to the consolidated financial statements. </p><p>Investments in subsidiaries are recognised, using the equity method, in accordance with the accounting policies used in a.s.r.\u2019s consolidated financial statements whereby the goodwill, if any, is presented separately. The share of result of subsidiaries is reported in conformity with the accounting policies used in a.s.r.\u2019s consolidated financial statements. </p><p>Lease contracts are disclosed using IFRS 16 based on the option under RJ 292.1. </p><p>Unless stated otherwise, all amounts presented in these financial statements are in millions of \u20ac. Calculations in the tables are made using unrounded figures. As a result rounding differences can occur. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296575\"><span class=\"title-text\">7.11.3.3 <b>Acquisitions and legal mergers </b></span></h1><p>In 2024 and 2025, there were no acquisitions and legal mergers for ASR Nederland N.V. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296791\"><span class=\"title-text\">7.11.3.4 Intangible assets </span></h1><h3 class=\"table-title\">Intangible assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Goodwill </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">17 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">17 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other intangible assets </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">233 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">277 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total intangible assets </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>250 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>295 </b></td></tr></tbody></table><br/><h3 class=\"table-title\">Changes in intangible assets </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:auto;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/><col style=\"width:13%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Goodwill </th><th class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Other intangible assets </th><th class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2025 </th><th class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:bottom;\">Total 2024 </th></tr></thead><tbody><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost price </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">363 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">381 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">347 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Accumulated amortisation and impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-131 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-131 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-52 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>233 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>250 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">\u00a0</td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">At 1 January </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">17 </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">277 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">295 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">31 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Amortisation and impairments </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-73 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">-73 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">-27 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Transfer </td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:bottom;\">- </td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\">29 </td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\">290 </td></tr><tr class=\"cBold\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\"><b>At 31 December </b></td><td class=\"valign-bottom startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>17 </b></td><td class=\"valign-bottom startCol-3 endCol-3 align-right border-bottom-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>233 </b></td><td class=\"valign-bottom startCol-4 endCol-4 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:bottom;\"><b>250 </b></td><td class=\"valign-bottom startCol-5 endCol-5 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:bottom;\"><b>295 </b></td></tr></tbody></table><br/><p>No impairments were deemed necessary. </p><p>Intangibles assets mainly relates to the intangible assets acquired through the acquisition of Aegon NL in 2023 and relates mainly to customer relationships, trade names and software. Intangible assets are amortised straight-line over their useful life, which is determined individually (between 5 and 20 years). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296814\"><span class=\"title-text\">7.11.3.5 Property and equipment </span></h1><h3 class=\"table-title\">Property and equipment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Right-of-use assets: </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Land and buildings owned by subsidiary </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">207 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">210 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Vehicles </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">7 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">6 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">6 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">15 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total property and equipment </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>221 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>230 </b></td></tr></tbody></table><br/><p>The right-of-use assets includes property and equipment that is leased by a.s.r. Land and buildings owned by subsidiary relates mainly to the a.s.r. head office, which is owned by a.s.r. life. </p><h3 class=\"table-title\">Changes in property and equipment </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">At 1 January </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">230 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">256 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Additions </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">7 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">1 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Depreciation </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-14 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-20 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Impairments </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-3 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-3 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Changes in the composition of the group </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-4 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At 31 December </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>221 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>230 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Gross carrying amount as at 31 December </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">302 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">364 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Accumulated depreciation as at 31 December </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-81 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-131 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Accumulated impairments as at 31 December </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-3 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:top;\"><b>Net carrying value as at 31 December </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>221 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>230 </b></td></tr></tbody></table><br/><p>Depreciation of property and equipment is recorded in the operating expenses (see <a href=\"#n4296748\" title=\"7.11.3.19 Operating expenses\">section 7.11.3.20</a>). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296507\"><span class=\"title-text\">7.11.3.6 Subsidiaries </span></h1><h3 class=\"table-title\">Subsidiaries </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">At 1 January </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">10,714 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">11,520 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Additions </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">45 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">10 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Share of result </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1,150 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">1,414 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Dividend received </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-1,249 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-1,587 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Revaluations </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">121 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">198 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other changes </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-88 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">13 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Changes in the composition of the group </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">73 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-854 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At 31 December </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>10,767 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>10,714 </b></td></tr></tbody></table><br/><p>In 2025, other changes relates to the derecognition the previously held 45% interest in HumanTouch Holding following the acquisition of the remaining 55% interest in HumanTouch Holding, which was acquired by a.s.r. Deelnemingen N.V., whereas the minority share was held by ASR Nederland N.V. For further information, see <a href=\"#n4296406\" title=\"Acquisitions\">section 7.4.5</a>. </p><p>In 2024 the changes in the composition of the group relate to Knab. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296615\"><span class=\"title-text\">7.11.3.7 Loans to group companies </span></h1><h3 class=\"table-title\">Loans to group companies </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">At 1 January </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">124 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">378 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Issues </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">8 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">30 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Repayments </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-82 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-285 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Revaluations </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">1 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Accrued interest </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-3 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-1 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At 31 December </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>47 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>124 </b></td></tr></tbody></table><br/><p>The loans to group companies with a principal amount of \u20ac\u00a047 million (2024: \u20ac\u00a0121 million) are expected to be settled more than one year after the balance sheet date and have an average interest rate of 5,56% (2024: 6.15%). Interest income on loans to group companies amounts to \u20ac\u00a02 million (2024: \u20ac\u00a06 million). The repayments in 2025 relate to subordinated loans to ASR Basis Ziektekostenverzekeringen N.V. The repayment in 2024 relates to Knab. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296630\"><span class=\"title-text\">7.11.3.8 Investments </span></h1><p>In 2025 and 2024 excess cash is invested in corporate bonds. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296642\"><span class=\"title-text\">7.11.3.9 Deferred tax liabilities </span></h1><p>The deferred tax liabilities mainly arises from the difference in commercial and fiscal valuation of employee benefits (including the assets resulting from the insurance contracts, which are administrated by a.s.r. life and Aegon life) amounting to <span style=\"white-space:nowrap;\">\u20ac\u00a0247 million</span> (2024: <span style=\"white-space:nowrap;\">\u20ac\u00a0252 million</span>). The other deferred tax consists of intangible fixed assets, investment property and technical provision valuations to market value. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296654\"><span class=\"title-text\">7.11.3.10 Other receivables </span></h1><p>The other receivables include receivables from subsidiaries, which include the receivable (reimbursement right) with respect to insurance contracts for the pension plan of a.s.r. administered by a.s.r. life and Aegon life amounting to \u20ac\u00a05,697 million (2024: \u20ac\u00a06,133 million). The value is equal to the value of the related insurance contracts administered by a.s.r. life and Aegon life, which are both eliminated in the consolidated financial statements. The other receivables amounting to \u20ac\u00a05,793 million (2024: \u20ac\u00a06,391 million) are classified as current. The remaining portion of the receivables from subsidiaries is payable on demand. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296666\"><span class=\"title-text\">7.11.3.11 Cash and cash equivalents </span></h1><p>Cash and cash equivalents are fully and freely available. </p><div class=\"tanPageBreak start-node\"></div><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296678\"><span class=\"title-text\">7.11.3.12 Equity </span></h1><h3 class=\"table-title\">Statement of changes in equity </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:31.4%;\"/><col style=\"width:9.3%;\"/><col style=\"width:10.3%;\"/><col style=\"width:10%;\"/><col style=\"width:9.4%;\"/><col style=\"width:6.7%;\"/><col style=\"width:5.6%;\"/><col style=\"width:9.6%;\"/><col style=\"width:7.7%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-center border-bottom-1 border-left-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Share capital </b></div></th><th class=\"valign-bottom startCol-3 endCol-3 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Share premium reserve </b></div></th><th class=\"valign-bottom startCol-4 endCol-4 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Actuarial gains and losses </b></div></th><th class=\"valign-bottom startCol-5 endCol-5 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Legal reserves </b></div></th><th class=\"valign-bottom startCol-6 endCol-6 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Retained earnings </b></div></th><th class=\"valign-bottom startCol-7 endCol-7 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Unappropriated result </b></div></th><th class=\"valign-bottom startCol-8 endCol-8 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Other equity instruments </b></div></th><th class=\"valign-bottom startCol-9 endCol-9 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Equity </b></div></th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At 1 January 2025 </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">34 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">4,070 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-175 </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">857 </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">3,335 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">713 </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1,007 </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">9,840 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1\" style=\"text-align:left;vertical-align:top;\">Appropriation of the result previous year </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">713 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-713 </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Net result for the year </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">549 </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">549 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Dividend paid </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-405 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-262 </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-667 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Remeasurement of post-employment benefit obligation </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">137 </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">137 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Unrealised change in value </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">121 </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-30 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">91 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Change in reserves required by law </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">718 </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-718 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Discretionary interest on other equity instruments </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-73 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-73 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Issue of other equity instruments </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">500 </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">500 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Cost of issue of other equity instruments </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-3 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-3 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Treasury shares acquired (-) / sold </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-236 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-236 </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Increase (decrease) in capital </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-43 </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">43 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td></tr><tr><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">Other movements </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-26 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-26 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-bottom startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:bottom;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-9 endCol-9 border-bottom-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At 31 December 2025 </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>33 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>4,028 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>-38 </b></td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>1,697 </b></td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>2,599 </b></td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>286 </b></td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>1,507 </b></td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>10,111 </b></td></tr></tbody></table><br/><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:32%;\"/><col style=\"width:10%;\"/><col style=\"width:11%;\"/><col style=\"width:11%;\"/><col style=\"width:10%;\"/><col style=\"width:7%;\"/><col style=\"width:5%;\"/><col style=\"width:8%;\"/><col style=\"width:6%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-bottom startCol-2 endCol-2 align-center border-bottom-1 border-left-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Share capital </b></div></th><th class=\"valign-bottom startCol-3 endCol-3 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Share premium reserve </b></div></th><th class=\"valign-bottom startCol-4 endCol-4 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Actuarial gains and losses </b></div></th><th class=\"valign-bottom startCol-5 endCol-5 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Legal reserves </b></div></th><th class=\"valign-bottom startCol-6 endCol-6 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Retained earnings </b></div></th><th class=\"valign-bottom startCol-7 endCol-7 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Unappropriated result </b></div></th><th class=\"valign-bottom startCol-8 endCol-8 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Other equity instruments </b></div></th><th class=\"valign-bottom startCol-9 endCol-9 align-center border-bottom-1 textRotation-90 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:middle;\"><div><b>Equity </b></div></th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At 1 January 2024 </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>34 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>4,070 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>-288 </b></td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>842 </b></td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>2,865 </b></td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>858 </b></td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>1,004 </b></td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>9,385 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Appropriation of the result previous year </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">858 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-858 </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Net result for the year </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">958 </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">958 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Dividend paid </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-382 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-245 </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-627 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Remeasurement of post-employment benefit obligation </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">113 </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">113 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Unrealised change in value </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">198 </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-35 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">163 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Change in reserves required by law </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-183 </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">183 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Discretionary interest on other equity instruments </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-63 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-63 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Issue of other equity instruments </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">500 </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">500 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Redemptions of other equity instruments </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-502 </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-502 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Cost of issue of other equity instruments </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-5 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-5 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Treasury shares acquired (-) / sold </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-103 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-103 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Increase (decrease) in capital </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other movements </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">17 </td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1 zero-dash\" style=\"text-align:right;vertical-align:top;\">- </td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">5 </td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">22 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-9 endCol-9 border-bottom-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 align-left border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At 31 December 2024 </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>34 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>4,070 </b></td><td class=\"valign-top startCol-4 endCol-4 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>-175 </b></td><td class=\"valign-top startCol-5 endCol-5 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>857 </b></td><td class=\"valign-top startCol-6 endCol-6 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>3,335 </b></td><td class=\"valign-top startCol-7 endCol-7 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>713 </b></td><td class=\"valign-top startCol-8 endCol-8 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>1,007 </b></td><td class=\"valign-top startCol-9 endCol-9 align-right border-bottom-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>9,840 </b></td></tr></tbody></table><br/><div class=\"header header-1\">Share capital </div><p>For a breakdown of the share capital, see <a href=\"#n4294291\" title=\"Share capital\">section 7.5.11.1</a>. </p><div class=\"header header-1\">Legal reserves </div><p>The legal reserves relate mainly to the revaluation of investments in group companies. The legal reserves are maintained in relation to the (not yet received as dividend) share in the result (and other additions to equity) of group companies accounted for using the equity method since initial recognition reduced with the amount of dividend that a.s.r. is able to distribute without restrictions. The legal reserves are not freely distributable. See <a href=\"#n4293345\" title=\"Capital management\">section 7.9</a> for more information on the regulatory restrictions. </p><p>In 2025, a.s.r. refined the methodology used to determine the legal revaluation reserve for investment property and illiquid FVTPL investments. This refinement is applied prospectively. The refinement affects the holding\u2019s legal reserves through the participating\u2011interest reserve (<i>wettelijke reserve deelnemingen</i>), as the legal\u2011reserve requirements of subsidiaries roll up to the holding. The resulting movement is presented within \u2018Change in reserve required by law\u2019 in the statement of changes in equity. </p><div class=\"header header-1\">Treasury shares </div><p>Treasury shares are part of the retained earnings. For more information on treasury shares, see <a href=\"#n4294247\" title=\"Treasury shares\">section 7.5.11.5. </a></p><div class=\"header header-1\">Other equity instruments </div><p>The other equity instruments relate to three different hybrid Tier 1 instruments (2024: two different hybrid Tier 1 instruments) classified as equity. See <a href=\"#n4294273\" title=\"Other equity instruments\">section 7.5.11.6</a> for more information. </p><div class=\"header header-1\">Freely distributable items </div><p>The part of equity attributable to shareholders (equity, excluding other equity interest) that is available for dividend distributions is limited by the Dutch Civil Code and the Dutch Supervisory Rules and Regulations (Solvency II requirements). The distribution of capital is restricted in accordance with the Dutch Civil Code for share capital and statutory reserves. The Solvency II requirements stipulate that a.s.r. must maintain a minimum amount of capital. </p><p>The freely distributable reserves is based on the lowest outcome of the restrictions from the Dutch Civil Code and the Solvency II requirements. This is further explained in the table below: </p><h3 class=\"table-title\">Distributable items </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Equity attributable to shareholders </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">8,605 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">8,779 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Non distributable items </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">- Share capital<sup class=\"footnote cShowTooltip\" title=\"Less the nominal value of treasury shares if applicable\">1 </sup></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">33 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">34 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">- Legal reserves </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">1,697 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">857 </td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Distributable items based on the Dutch Civil Code </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>6,874 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>7,888 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Reserves available for financial supervision purposes </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">13,007 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">12,321 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Solvency II requirement under the Financial Supervision Act </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">5,966 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">6,209 </td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Distributable items based on the Solvency II requirements </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>7,041 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>6,112 </b></td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Freely distributable items (lower of the values above) </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>6,874 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-right-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>6,112 </b></td></tr></tbody></table><ol class=\"footnotes width-50\"><li> Less the nominal value of treasury shares if applicable </li></ol><br/><p>For more information on Solvency II capital management objectives see <a href=\"#n4293388\" title=\"Capital management objectives\">section 7.9.1. </a></p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296697\"><span class=\"title-text\">7.11.3.13 Employee benefits </span></h1><p>Employee benefits can be broken down as follows (see <a href=\"#n4293688\" title=\"Employee benefits\">section 7.5.15</a> for further details): </p><h3 class=\"table-title\">Employee benefits </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Post-employment benefits pensions </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">4,750 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">4,974 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Post-employment benefits other than pensions </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">30 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">35 </td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Post-employment benefit obligation </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>4,780 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>5,010 </b></td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other long-term employee benefits </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">30 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">27 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>4,810 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>5,036 </b></td></tr></tbody></table><br/><p>Employee benefits amounting to \u20ac\u00a0221 million (2024: \u20ac\u00a0214 million) will be settled within 12 months after year-end. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296710\"><span class=\"title-text\">7.11.3.14 Other provisions </span></h1><h3 class=\"table-title\">Changes in provisions </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">At 1 January </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">79 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">84 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Additional provisions </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">17 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">28 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Reversal of unused amounts </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-8 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-1 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Utilised in course of year </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">-31 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">-32 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>At 31 December </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>57 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>79 </b></td></tr></tbody></table><br/><p>Provisions primarily relate to provisions for employee restructuring and retained disability risk. See <a href=\"#n4293758\" title=\"Provisions\">section 7.5.16</a> for more information. </p><p>The timing of the outflow of resources related to these provisions is uncertain because of the unpredictability of the outcome and time required for the settlement of disputes. </p><p>An amount of <span style=\"white-space:nowrap;\">\u20ac\u00a042 million</span> (2024: <span style=\"white-space:nowrap;\">\u20ac\u00a052 million)</span> of the provisions is expected to be settled within twelve months after the balance sheet date. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296723\"><span class=\"title-text\">7.11.3.15 Subordinated liabilities </span></h1><p>For information regarding the subordinated liabilities see <a href=\"#n4294322\" title=\"Subordinated liabilities\">section 7.5.12</a>. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296736\"><span class=\"title-text\">7.11.3.16 Borrowings </span></h1><h3 class=\"table-title\">Borrowings </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Loans </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">598 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">597 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Lease liabilities </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">228 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">229 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total borrowings </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>827 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>826 </b></td></tr></tbody></table><br/><p>The loans relate to the issue of the green senior bond under the a.s.r. Green Finance Framework of \u20ac\u00a0600 million in 2023. The bond has a maturity of five years with a fixed rate coupon of 3.625%. </p><p>The lease liabilities consist primarily \u20ac\u00a0217 million (2024: \u20ac\u00a0215 million) of the lease of the a.s.r. head office from a.s.r. life. The interest rate for the lease of the head office is 1.5% (2024: 1.5%). The maturity of this contract is 30 years, which includes the total of five extension options of five years each. </p><p>An amount of <span style=\"white-space:nowrap;\">\u20ac\u00a08 million</span> (2024: <span style=\"white-space:nowrap;\">\u20ac\u00a015 million)</span> of the lease liabilities is expected to be settled within twelve months after the balance sheet date. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296587\"><span class=\"title-text\">7.11.3.17 Debts to group companies </span></h1><p>Debts to group companies with a principal amount of \u20ac\u00a0175 million (2024: \u20ac\u00a0205 million) have an average interest rate of 3.53% in 2025 (2024: 3.86%). The maturity of the loans varies from one till two years. An amount of \u20ac\u00a0130 million of the debt to group companies is expected to be settled within one year after the balance sheet date. </p><p>There is no significant difference between the carrying amount of the debt to group companies and the fair value of these liabilities. No securities or guarantees have been agreed and no collateral is posted. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296523\"><span class=\"title-text\">7.11.3.18 Other liabilities </span></h1><h3 class=\"table-title\">Other liabilities </h3><table class=\"iTableCoreData standard\" style=\"\"><colgroup><col style=\"width:0%;\"/><col style=\"width:14%;\"/><col style=\"width:14%;\"/></colgroup><thead><tr class=\"cBoderType1\"><th class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:left;vertical-align:top;\">\u00a0</th><th class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2025 </th><th class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 headrow headrow-last\" scope=\"col\" style=\"text-align:right;vertical-align:top;\">2024 </th></tr></thead><tbody><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Short-term employee benefits </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">24 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">27 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Trade payables </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">14 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">24 </td></tr><tr><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">Other liabilities </td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">78 </td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">243 </td></tr><tr class=\"cBoderType2\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\">\u00a0</td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\">\u00a0</td></tr><tr class=\"cBold\"><td class=\"valign-top startCol-1 endCol-1 border-bottom-1 border-right-1 border-top-1\" style=\"text-align:left;vertical-align:top;\"><b>Total other liabilities </b></td><td class=\"valign-top startCol-2 endCol-2 align-right border-bottom-1 border-left-1 border-right-1 border-top-1 format-highlight\" style=\"text-align:right;vertical-align:top;\"><b>116 </b></td><td class=\"valign-top startCol-3 endCol-3 align-right border-bottom-1 border-left-1 border-top-1\" style=\"text-align:right;vertical-align:top;\"><b>295 </b></td></tr></tbody></table><br/><p>The carrying amount of other liabilities is a good approximation of their fair value. </p><p>An amount of <span style=\"white-space:nowrap;\">\u20ac\u00a092 million</span> (2024: <span style=\"white-space:nowrap;\">\u20ac\u00a0110 million)</span> is expected to be settled within twelve months after the balance sheet date. </p><p>Other liabilities decreased by <span style=\"white-space:nowrap;\">\u20ac\u00a0165 million</span> due to reclassification of intercompany positions to Other receivables. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296748\"><span class=\"title-text\">7.11.3.19 Operating expenses </span></h1><p>The operating expenses of <span style=\"white-space:nowrap;\">\u20ac\u00a0308 million</span> (2024: <span style=\"white-space:nowrap;\">\u20ac\u00a0279 million)</span> are operating expenses relating to holding activities. See <a href=\"#n4294425\" title=\"Operating and other expenses\">section 7.6.11</a> for the total operating expenses of the Group. Operating expenses also include depreciation of the right-of-use assets owned by group companies of <span style=\"white-space:nowrap;\">\u20ac\u00a013 million</span> (2024: <span style=\"white-space:nowrap;\">\u20ac\u00a016 million)</span>. </p><p>The average number of employees working for a.s.r. is 5,949 (2024: 7,684), all working in the Netherlands. ASR Nederland B.V. allocates expenses to group companies according to the extent to which the expenses incurred can be related to the activities of the group company. This allocation is reassessed each year. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296535\"><span class=\"title-text\">7.11.3.20 Investment income </span></h1><p>The investment income of \u20ac\u00a025 million (2024: \u20ac\u00a0225 million) mainly decreased as a result of an decrease in the interest income relating to the employee benefits obligation allocated to the holding, which is part of expenses for the year ended 2025. </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296549\"><span class=\"title-text\">7.11.3.21 Interest expense </span></h1><p>The interest expense relates primarily to the interest on subordinated liabilities, interest owed to credit institutions, interest on the lease liabilities and to the interest relating to the employee benefits obligation allocated to the holding. </p><p>Interest expenses related to loans and lease liabilities with group companies amount to \u20ac\u00a010 million (2024: \u20ac\u00a012 million). </p><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296561\"><span class=\"title-text\">7.11.3.22 Related party transactions </span></h1><p>A related party is a person or entity that has significant influence over another entity, or has the ability to affect the financial and operating policies of the other party. Parties related to the company a.s.r. include subsidiaries, members of the EB and MB, members of the SB, close family members of any person referred to above, entities controlled or significantly influenced by any person referred to above and any other affiliated entity. </p><p>a.s.r. enters into transactions with related parties during the conduct of its business. These transactions mainly involve loans, debts, deposits and commissions, and are conducted on terms equivalent to those that prevail in arm\u2019s length transactions. </p><ul><li><p>Related party transactions in relation to members of the EB, MB and SB are mentioned in <a href=\"#n4295386\" title=\"Related party transactions\">section 7.7.4</a> of the consolidated financial statements. In this chapter are also the related party transactions in relation to Aegon Ltd. and its group companies (since Aegon Ltd. has significant influence over a.s.r.) mentioned. </p></li><li><p>The remuneration of the EB and SB members of a.s.r. is disclosed in <a href=\"#n4295410\" title=\"Key management personnel remuneration\">section 7.7.5</a> of the consolidated financial statements. </p></li><li><p>The loans (including interest income) and debts to group companies are described in 7.11.3.7 respectively 7.11.3.17 of the company financial statements. </p></li><li><p>The post-employment benefit plan of a.s.r. is administered by a.s.r. life and Aegon life. For information regarding to this plan reference is made to section 7.11.3.10 of this company financial statements. </p></li></ul><h1 class=\"S_SUBPARAGRAPH\" id=\"n4296601\"><span class=\"title-text\">7.11.3.23 Contingent liabilities  <br/></span></h1><div class=\"header header-1\">Joint and several liability </div><p>ASR Nederland N.V. forms a fiscal unity for corporate income tax and VAT with nearly all of its subsidiaries. The company and its subsidiaries that form part of the fiscal unity are jointly and separately liable for taxation payable by the fiscal entity. </p><p>A statement of joint and several liability under section 403, Book 2 of the Dutch Civil Code has been issued by a.s.r. for the companies identified in <a href=\"#n4295242\" title=\"List of principal group companies\">section 7.7.9. </a></p><div class=\"tanPageBreak newPage\"></div><p>Utrecht, 24 March 2026 </p><div class=\"header header-2\">Executive Board </div><p>Jos Baeten </p><p>Ewout Hollegien </p><p>Ingrid de Swart  <br/></p><div class=\"header header-2\">Supervisory Board </div><p>Joop Wijn </p><p>Bob Elfring </p><p>Sonja Barendregt </p><p>Gisella Eikelenboom </p><p>Gerard van Olphen </p><p>Dani\u00eblle Jansen Heijtmajer </p><p>Lard Friese </p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:7245000G0HS48PZWUD53",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  }
 }
}