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Notes to the Group’s Financial Statements

8 Performance analysis per class of P&C insurance
EURm Accident and health Motor, third
party liability
Motor, other classes Marine, air and transport Fire and
other damage
to property
Third party liability Credit insurance
Premiums written, gross
2013 772 689 1,334 148 1,367 216 3
2012 738 693 1,291 150 1,366 203 3
Premiums earned, gross
2013 757 695 1,308 147 1,359 211 2
2012 720 694 1,249 148 1,352 203 2
Claims incurred, gross 1)
2013 -560 -508 -918 -93 -966 -105 -1
2012 -477 -499 -911 -66 -1,006 -96 -1
Operating expenses, gross 2)
2013 -135 -144 -195 -26 -207 -31 -0
2012 -125 -144 -191 -26 -208 -31 -0
Profit/loss from ceded reinsurance
2013 -2 -2 -2 -10 -81 -32 0
2012 -18 5 -2 -25 -70 -34 -0
Technical result before investment return
2013 60 41 193 18 105 42 1
2012 100 56 145 31 68 42 1
EURm Legal expenses Other Total direct insurance Reinsurance assumed Elimination Total
Premiums written, gross
2013 40 112 4,680 94 -6 4,768
2012 34 117 4,596 109 -6 4,698
Premiums earned, gross
2013 39 113 4,631 97 -6 4,723
2012 34 116 4,519 106 -6 4,619
Claims incurred, gross 1)
2013 -26 -48 -3,226 -56 6 -3,276
2012 -24 -170 -3,250 -100 4 -3,345
Operating expenses, gross 2)
2013 -7 -14 -760 -24 11 -773
2012 -6 -10 -742 -26 13 -755
Profit/loss from ceded reinsurance
2013 -0 -14 -144 -2 6 -140
2012 0 99 -46 7 6 -34
Technical result before investment return
2013 6 37 501 16 17 534
2012 3 35 481 -13 17 485
1) Activity-based operating costs EURm 269 (271) have been allocated to claims incurred.

2) Includes other technical income EURm 28 (33) and other technical expenses EURm 26 (30).
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