14.2.6.4. Financial costs of insurance operations

Under IFRS 17, the Group has the option to split the financial expenses of its insurance operations into the portions recognized in profit or loss and other comprehensive income. The Group plans to take advantage of this opportunity for all IFRS 17 portfolios. In accordance with IFRS 4 technical provisions were not calculated on the basis of current economic assumptions. Hence this is a new element introduced by IFRS 17.