Breakdown of Gross Earned Premiums (M EUR)
 

 
2009 2008
Life and accident 34.2 15.4% 30.8 14.2%
Short-tail proportional (Fire, Theft, Hail, Livestock, Motor Hull) 40.2 18.9% 54.2 24.9%
Short-tail non-proportional (Fire, Theft, Hail, Livestock, Motor Hull) 38.0 17.1% 30.4 14.0%
Long-tail proportional (MTPL, GTPL, Workmen’s Compensation) 21.7 9.8% 19.6 9.0%
Long-tail non-proportional (MTPL, GTPL, Workmen’s Compensation) 78.4 35.4% 75.3 34.6%
Miscellaneous (Credit, Transport, Aviation) 9.2 4.1% 7.2 3.3%

The above table clearly shows how - as last year - the proportional property portfolio was further reduced. The loss of premium income was partly compensated by the increase in the non-proportional property portfolio. A limited growth was realized in the other classes of business. As a result of the further conversion from proportional to non-proportional business the allocated risk capital continued to increase.