Fennia Annual Report 2014

Group analysis of results

Group analysis of results (EUR million)

 

         

2010

2011

2012

2013

2014

Non-life insurance

             
 

Premiums earned

   

324

349

366

390

418

 

Claims incurred

   

-282

-360

-314

-326

-329

 

Net operating expenses

   

-75

-86

-88

-95

-99

 

Other technical underwriting income (net)

   

6

-

-

-

-

 

Balance on technical account before

             
 

rebates and change in equalisation provision

   

-27

-97

-37

-31

-10

 

Investment income (net),

             
 

revaluations

   

66

29

70

52

83

 

Other income (net)

   

0

1

2

2

1

 

Share of associated undertakings' profit

   

1

0

0

0

-1

 

Operating profit/loss

   

40

-67

35

22

73

 

Change in equalisation provision

   

0

60

-7

-17

-44

 

Non-life insurance profit/loss

             
 

before extraordinary items

   

39

-7

29

5

30

                   
           

 

     

Life insurance

             
 

Premiums written

   

60

79

90

94

151

 

Investment income (net),

             
 

revaluations and revaluation adjustments on investments

   

81

-27

63

88

63

 

Claims paid

   

-51

-62

-64

-84

-77

 

Change in technical provision before bonuses

             
 

and rebates and change in equalisation provision

   

-62

23

-66

-84

-117

 

Net operating expenses

   

-8

-10

-11

-10

-12

 

Other technical underwriting income

   

-

-

-

-

0

 

Technical underwriting result before

             
 

rebates and change in equalisation provision

   

20

3

13

3

9

 

Other income (net)

   

-

-1

-1

-1

0

 

Operating profit

   

20

2

12

2

9

 

Change in equalisation provision

   

-1

-1

-1

-1

-1

 

Bonuses and rebates

   

-4

2

-1

6

-1

 

Life insurance profit/loss

             
 

before extraordinary items

   

15

4

10

7

7

                   
                   
 

Extraordinary income

   

-

-

-

-

-

 

Extraordinary charges

   

-

-

-

-

-

 

Profit/loss before appropriations

             
 

and tax

   

54

-3

39

12

37

 

Income tax and other direct tax

   

-11

-1

-9

-1

-9

 

Minority interests

   

-6

-1

-3

0

0

 

Group's profit/loss for the financial year

   

37

-5

27

10

27