Fennia Life Annual Report 2016

Financial Statements

Profit and Loss Account


EUR 1,000

Group

2016

Group

2015

Parent Company

2016

Parent Company

2015

Note

        

Technical Account

     
 

Premiums written

     
  

Premiums written

207,062

199,823

207,062

199,823

1

  

Reinsurers’ share

-1,181

-877

-1,181

-877

 
   

205,881

198,946

205,881

198,946

 
        
 

Investment income

79,649

126,986

81,724

125,659

3, 4

 

Revaluations on investments

56,280

39,896

56,280

39,896

3, 4

        
 

Claims incurred

     
  

Claims paid

-90,651

-83,181

-90,651

-83,181

2

  

Reinsurers’ share

350

50

350

50

 
  

Change in the provision for outstanding claims

-11,502

-3,373

-11,502

-3,373

 
  

Portfolio transfer

-

5,025

-

5,025

 
        
 

Claims incurred in total

-101,803

-81,479

-101,803

-81,479

 
        
 

Change in the provision for unearned premiums

     
  

Total change in the provision for unearned premiums

-170,619

-278,895

-170,619

-278,895

 
  

Portfolio transfer

-

59,222

-

59,222

 
   

-170,619

-219,673

-170,619

-219,673

 
        
 

Net operating expenses

-14,046

-13,544

-14,046

-13,544

5

 

Investment charges

-44,554

-43,139

-43,325

-41,164

3, 4

 

Revaluation adjustments on investments

-2,900

-2,295

-2,900

-2,295

3, 4

 

Balance on technical account

7,888

5,699

11,192

6,347

 
        

Non-Technical Account

     
 

Other income

     
  

Income from investment services operations

2,910

2,212

   
  

Other

3

 

3

-

 
   

2,913

2,213

3

-

 
 

Other charges

     
  

Expenses from investment services operations

-2,120

-1,959

   
  

Depreciation on goodwill

-241

-241

-241

-241

 
  

Other

-2

-

-2

-

 
   

-2,363

-2,199

-242

-241

 
        

Profit on ordinary activities

  

10,953

6,106

 
        
 

Appropriations

     
  

Change in depreciation difference

  

16

27

 
        
 

Tax on profit

     
  

Tax for the financial year

-1,931

-1,077

-1,931

-1,066

 
  

Tax from previous periods

-38

84

-38

84

 
  

Deferred tax

1,294

549

   
   

-676

-445

-1,969

-982

 
        
 

Minority interests

-10

4

   
        
 

Profit for the financial year

7,753

5,272

9,000

5,151