Fennia Annual Report 2014

Notes 14. Key figures pertaining to solvency

14. Key figures pertaining to solvency

 

EUR 1,000

2014

2013

           
   

Solvency margin

   
     

Capital and reserves after proposed profit distribution

236,766

213,265

     

Appropriations

1,327

1,706

     

Valuation difference between current value and

   
     

Balance Sheet book value of assets

159,332

153,702

     

Capitalised intangibles

-62,207

-58,427

     

Other items

-175

-304

       

335,043

309,941

           
   

Minimum solvency margin required under the Finnish Insurance Companies Act, Chapter 11, Section 7

79,881

79,881

           
   

Equalisation provision for years with large numbers of losses

   
   

included in technical provisions

224,174

180,655

           
   

Equalisation provision to its full value (%)

48 %

41 %

           
   

Solvency ratio (%)

   
   

Solvency margin and equalisation provision to premiums earned

   
   

from the preceding 12 months

   
     

- for the year 2014

134 %

 
     

- for the year 2013

126 %

 
     

- for the year 2012

129 %

 
     

- for the year 2011

117 %

 
     

- for the year 2010

155 %