5 Insurance premiums and insurance claims and benefits
| 2007 | 2006 | 2005 | ||||||||||||
| £m | £m | £m | ||||||||||||
| Gross premiums from insurance contracts | 1,062 | 1,108 | 909 | |||||||||||
| Premiums ceded to reinsurers | (51) | (48) | (37) | |||||||||||
| Net premiums from insurance contracts | 1,011 | 1,060 | 872 | |||||||||||
| 2007 | 2006 | 2005 | ||||||||||||
| £m | £m | £m | ||||||||||||
| Gross claims and benefits incurred on insurance contracts | 520 | 588 | 694 | |||||||||||
| Reinsurers’ share of claims incurred | (28) | (13) | (49) | |||||||||||
| Net claims and benefits incurred on insurance contracts | 492 | 575 | 645 | |||||||||||