| 29 Financial liabilities | |||||
| The segment financial liabilities include derivatives, debt securities and other financial liabilities. | |||||
| P&C insurance | |||||
| EURm | 2013 | 2012 | |||
| Derivative financial instruments (note 15) | 25 | 38 | |||
| Subordinated debt securities | |||||
| Subordinated loans | |||||
| Euro-denominated loans | Maturity | Interest | |||
| Preferred capital note, 2002 (nominal value EURm 65) | 20 years | 8.98% | - | 66 | |
| Preferred capital note, 2005 (nominal value EURm 150) | perpetual | 4.94% | 150 | 149 | |
| Preferred capital note, 2011 (nominal value EURm 110) | 30 years | 6.00% | 109 | 109 | |
| Preferred capital note, 2013 (nominal value EURm 90) | perpetual | 4.70% | 90 | - | |
| Total subordinated debt securities | 348 | 215 | |||
| P&C insurance, total financial liabilities | 373 | 253 | |||
| The subordinated loan issued in 2002 was repaid in April 2013. | |||||
| The loans 2005 and 2011 are issued with fixed interest rates for the first ten years, after which they become subject to variable interest rates. The new subordinated loan issued in June 2013 has a fixed interest rate for the first 5.5 years afther which it becomes subject to variable interest rates. At the point of change, there is the possibility of redemption for all the loans. All loans and their terms are approved by supervisory authorities and the loans are utilised for solvency purposes. | |||||
| The loans issued in 2011 and 2013 are wholly subscribed by Sampo Plc. | |||||
| The loans issued in 2005 and 2011 are listed on the Luxembourg Exchange. | |||||
| Life insurance | |||||
| EURm | 2013 | 2012 | |||
| Derivative financial instruments (note 15) | 11 | 5 | |||
| Subordinated debt securities | |||||
| Subordinated loans | 100 | 100 | |||
| Life insurance, total | 111 | 105 | |||
| Mandatum Life issued in 2002 EURm 100 Capital Notes. The loan is perpetual and pays floating rate interest. The interest is payable only from distributable capital. The loan is repayable only with the consent of the Insurance Supervisory Authority and at the earliest on 2012 or any interest payment date after that. The loans is wholly subscribed by Sampo Plc. | |||||
| Holding | |||||
| EURm | 2013 | 2012 | |||
| Derivative financial instruments (note 15) | 18 | 19 | |||
| Debt securities in issue | |||||
| Commercial papers *) | 308 | 451 | |||
| Bonds | 1,720 | 1,710 | |||
| Total | 2,027 | 2,162 | |||
| Holding, total | 2,045 | 2,181 | |||
| *) The determination and hierarchy of financial assets and liabilities at fair value are disclosed in note 17. Based on the principles of this determination, the bonds of the Holding Company fall under level 2. | |||||
| Elimination items between segments | -336 | -270 | |||
| EURm | 2013 | 2012 | |||
| Group, total | 2,193 | 2,269 | |||
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