Fennia Life Annual Report 2014

Profit and Loss Account

Profit and Loss Account

 

1,000 €

Group

2014

Group

2013

Parent Company

2014

Parent Company

2013

Attachment

                     

Technical Account

         
 

Premiums written

         
   

Premiums written

152,544

94,462

152,544

94,462

1

   

Reinsurers’ share

-1,131

-937

-1,131

-937

 
           

151,413

93,526

151,413

93,526

 
                     
 

Investment income

60,354

82,841

61,461

82,924

3, 4

 

Revaluations on investments

35,838

41,820

35,838

41,820

3, 4

                     
 

Other technical underwriting income

156

-

156

-

 
                     
 

Claims incurred

         
   

Claims paid

-77,490

-84,221

-77,490

-84,221

2

   

Change in the provision for outstanding claims

-4,796

-5,102

-4,796

-5,102

 
                     
 

Claims incurred in total

-82,286

-89,323

-82,286

-89,323

 
                     
 

Change in the provision for unearned premiums

         
   

Total change in the provision for unearned premiums

-113,336

-73,844

-113,336

-73,844

 
                     
 

Net operating expenses

-11,947

-10,606

-11,947

-10,606

5

 

Investment charges

-31,122

-35,472

-30,135

-37,384

3, 4

 

Revaluation adjustments on investments

-2,231

-769

-2,231

-769

3, 4

 

Balance on technical account

6,838

8,173

8,932

6,345

 
                     

Non-Technical Account

         
 

Other income

         
   

Income from investment services operations

1,789

234

     
   

Other

-

2

-

2

 
           

1,789

236

-

2

 
 

Other charges

         
   

Expenses from investment services operations

-1,796

-1,272

     
   

Other

-

-

-

-

 
           

-1,796

-1,272

-

-

 
 

Tax on profit on ordinary activities

         
   

Tax for the financial year

-1,674

-2,060

-1,674

-2,060

 
   

Tax from previous periods

-520

548

-520

548

 
   

Deferred tax

92

105

     
           

-2,102

-1,407

-2,194

-1,513

 
                     
 

Profit on ordinary activities

   

6,738

4,834

 
 

Appropriations

         
   

Change in depreciation difference

         

8

-5

 
                     
 

Profit for the financial year

4,729

5,730

6,746

4,828