Alexander Forbes Limited - Notes to the group financial statements
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    Long-term
insurance
Short-term
 insurance
Total   Total  
    2009  
Rm  
2008  
Rm  
2009  
Rm  
2008  
Rm  
2009  
Rm  
2008  
Rm  
5.   NET PREMIUM AND INVESTMENT INCOME FROM INSURANCE OPERATIONS              
  Gross earned premiums   551   435   2 404   2 082   2 955   2 517  
  Gross written premiums   551   435   2 531   2 187   3 082   2 622  
  Less: Movement in unearned premium provision   —   —   (127)  (105)  (127)  (105) 
  Reinsurers’ share thereof   (472)  (366)  (1 618)  (1 237)  (2 090)  (1 603) 
  Net earned premiums   79   69   786   845   865   914  
  Management fees from insurance operations   26   21   95   77   121   98  
  Net investment income from insurance operations   11   8   165   39   176   47  
  Net expenses of insurance contracts   (9)  (8)  (94)  (182)  (103)  (190) 
  Net premium and investment income (per income statement)   107   90   952   779   1 059   869  
  Gross claims and transfers to policyholders’ funds   (193)  (141)  (1 464)  (1 427)  (1 657)  (1 568) 
  Reinsurers’ share thereof   162   126   838   914   1 000   1 040  
  Net claims and transfers to policyholders’ funds (per income statement)   (31)  (15)  (626)  (513)  (657)  (528) 
  Net income from insurance operations    76   75   326   266   402   341