Fennia Annual Report 2014

Note 4. Operating expenses

4. Operating expenses

 

EUR 1,000

2014

2013

           
 

Total operating expenses by activity

   
   

Claims paid

31,146

30,656

   

Net operating expenses

99,461

94,633

   

Investment charges

3,690

2,958

   

Other charges

-286

-366

   

Total

134,012

127,881

           
 

Depreciation according to plan by activity

   
   

Claims paid

4,229

3,492

   

Net operating expenses

9,300

7,146

   

Investment charges

598

477

   

Total

14,127

11,115

           
 

Operating expenses in the Profit and Loss Account

   
   

Policy acquisition costs

   
     

Direct insurance commissions

8,129

7,674

     

Commissions on reinsurance assumed and profit sharing

55

72

     

Other policy acquisition costs

36,486

34,913

       

44,670

42,659

           
   

Policy management expenses

33,421

34,066

   

Administrative expenses

21,574

18,131

   

Commissions on reinsurance ceded and profit sharing

-204

-223

   

Total

99,461

94,633