Fennia Life Annual Report 2015

Profit and Loss Account

Profit and Loss Account

 

1,000 €

Group

2015

Group

2014

Parent Company

2015

Parent Company

2014

Note

                     

Technical Account

         
 

Premiums written

         
   

Premiums written

199,823

152,544

199,823

152,544

1

   

Reinsurers’ share

-877

-1,131

-877

-1,131

 
           

198,946

151,413

198,946

151,413

 
                     
 

Investment income

126,986

60,354

125,659

61,461

3, 4

 

Revaluations on investments

39,896

35,838

39,896

35,838

3, 4

                     
 

Other technical underwriting income

-

156

-

156

 
                     
 

Claims incurred

         
   

Claims paid

-83,181

-77,490

-83,181

-77,490

2

   

Reinsurers’ share

50

 

50

   
   

Change in the provision for outstanding claims

-3,373

-4,796

-3,373

-4,796

 
   

Portfolio transfer

5,025

-

5,025

-

 
                     
 

Claims incurred in total

-81,479

-82,286

-81,479

-82,286

 
                     
 

Change in the provision for unearned premiums

         
   

Total change in the provision for unearned premiums

-278,895

-113,336

-278,895

-113,336

 
   

Portfolio transfer

59,222

-

59,222

   
           

-219,673

-113,336

-219,673

-113,336

 
                     
 

Net operating expenses

-13,544

-11,947

-13,544

-11,947

5

 

Investment charges

-43,139

-31,122

-41,164

-30,135

3, 4

 

Revaluation adjustments on investments

-2,295

-2,231

-2,295

-2,231

3, 4

 

Balance on technical account

5,699

6,838

6,347

8,932

 
                     

Non-Technical Account

         
 

Other income

         
   

Income from investment services operations

2,212

1,789

     
   

Other

 

-

-

-

 
           

2,213

1,789

-

-

 
 

Other charges

         
   

Expenses from investment services operations

-1,959

-1,796

     
   

Depreciation on goodwill

-241

-

-241

-

 
           

-2,199

-1,796

-241

-

 
 

Tax on profit on ordinary activities

         
   

Tax for the financial year

-1,077

-1,674

-1,066

-1,674

 
   

Tax from previous periods

84

-520

84

-520

 
   

Deferred tax

549

92

     
           

-445

-2,102

-982

-2,194

 
                     
 

Profit on ordinary activities

   

5,125

6,738

 
 

Minority interests

4

       
 

Appropriations

         
   

Change in depreciation difference

   

27

8

 
                     
 

Profit for the financial year

5,272

4,729

5,151

6,746