6.3 Contract deposits (assets)

The contract deposits on the assets side grew by EUR 336.7 million in the year under review from EUR 288.8 million to EUR 625.5 million. The increase was attributable principally to specific new contracts in the area of life reinsurance.

For further details of the recognition of funds withheld please see our explanatory remarks in Section 3.2 “Summary of major accounting policies”.