280 Financial information Annual Report 2012 Zurich Insurance Group
Consolidated financial statements continued
Table 29.11
Other Operating in USD millions, for the years ended December 31 Holding & Financing
Businesses – 2012 2011
Overview Gross written premiums and policy fees 108 133
Net earned premiums and policy fees 58 74
Net investment income 362 489
Other income 85 94
Total BOP revenues 506 657
Insurance benefits and losses, incl. PH dividends, net 57 57
Underwriting and policy acquisition costs, net – 15
Administrative and other operating expense
(excl. depreciation / amortization) 170 170
Other expenses (excl. items not included in BOP) (14) (91)
Depreciation, amortization and impairments of property, equipment and intangible assets 8 3
Interest expense on debt 1,042 1,092
Business operating profit before non-controlling interests (758) (589)
Non-controlling interests (22) –
Business operating profit (736) (589)