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financial statements 2013

24. Liabilities under insurance contracts

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The breakdown of the balance under this heading in the accompanying consolidated balance sheets is as follows:

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Liabilities under Insurance Contracts
Technical Reserve and Provisions
Millions of Euros
2013 2012 2011
Mathematical reserves 8,816 7,951 6,513
Provision for unpaid claims reported 496 550 739
Provisions for unexpired risks and other provisions 522 519 476
Total 9,834 9,020 7,729

The cash flows of those liabilities under insurance contracts are shown below:

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Maturity Millions of Euros
Up to 1 Year 1 to 3 Years 3 to 5 Years Over 5 Years Total
Liabilities under insurance contracts 1,440 1,613 878 5,903 9,834
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