5 Insurance premiums and insurance claims and benefits

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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