| 7 Result analysis of P&C insurance | |||||
| EURm | 2013 | 2012 | |||
| Insurance premiums earned | 4,505 | 4,363 | |||
| Claims incurred | -3,215 | -3,142 | |||
| Operating expenses | -755 | -738 | |||
| Other insurance technical income and expense | 2 | 3 | |||
| Allocated investment return transferred from the non-technical account | 65 | 89 | |||
| Technical result | 601 | 574 | |||
| Net investment income | 405 | 397 | |||
| Allocated investment return transferred to the technical account | -120 | -146 | |||
| Other income and expense | 43 | 39 | |||
| Operating result | 929 | 864 | |||
| Specification of activity-based operating expenses included in the income statement | |||||
| EURm | 2013 | 2012 | |||
| Claims-adjustment expenses (Claims paid) | -269 | -266 | |||
| Acquisition expenses (Operating expenses) | -525 | -528 | |||
| Joint administrative expenses for insurance business (Operating expenses) | -245 | -240 | |||
| Administrative expenses pertaining to other technical operations (Operating expenses) | -26 | -30 | |||
| Asset management costs (Investment expenses) | -15 | -11 | |||
| Total | -1,081 | -1,075 | |||
Note
✕
Make a note