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| Note | Year ended 31 December 1998 | 1998 £m | 1997 £m |
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| 1 | Gross premiums written | 310 | 306 |
| Outward reinsurance premiums | (15) | (15) |
| |
| Premiums written, net of reinsurance | 295 | 291 |
| Change in the gross provision for unearned premiums | (3) | (3) |
| Change in the provision for unearned premiums, reinsurers’ share | 1 | – |
|
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| Earned premiums, net of reinsurance | 293 | 288 |
|
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| 1 | Allocated investment return transferred from the non-technical account | 41 | 49* |
| Claims paid: |
| | Gross amount | (234) | (250) |
| | Reinsurers’ share | 10 | 14 |
|
| |
| Net of reinsurance | (224) | (236) |
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| Change in the provision for claims: |
| | Gross amount | 19 | 33 |
| | Reinsurers’ share | 4 | (6) |
|
| |
| Net of reinsurance | 23 | 27 |
|
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| Claims incurred, net of reinsurance | (201) | (209) |
|
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| 6 | Net operating expenses | (86) | (83) |
| Change in the equalisation provision | (8) | (7) |
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| 1 | Balance on the general business technical account | 39 | 38* |
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| | Gross premiums written and the balance on the general business technical account relate to continuing operations. |
| | *Restated for altered basis of recognition of investment returns, as explained in note 3. |
