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Notes to the Group’s Financial Statements

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32 Other liabilities
P&C insurance
EURm 2015 2014
Liabilities arising out of direct insurance operations 163 155
Liabilities arising out of reinsurance operations 30 37
Liabilities related to Patient Insurance Pool 115 115
Premium taxes 49 48
Tax liabilities 91 85
Prepayments and accrued income 181 27
Other 39 236
P&C insurance, total 669 702
The non-current share of other liabilities is EURm 108 (102).
Item Other includes e.g. witholding taxes, social expenses related to Workers Compensation insurance policies and employee benefits, unpaid premium taxes and other accruals.
Life insurance
EURm 2015 2014
Interests 10 8
Tax liabilities 5 23
Liabilities arising out of direct insurance operations 21 7
Liabilities arising out of reinsurance operations 4 4
Settlement liabilities 61 90
Guarantees received 0 35
Other liabilities 66 43
Life insurance, total 167 209
Item Guarantees received comprise assets accepted as guarantees required in derivative trading and securities lending.
Item Other includes e.g. liabilities arising from withholding taxes and social security costs, liabilities to creditors and insurance premium advances.
Holding
EURm 2015 2014
Interests 34 34
Guarantees for trading in derivatives 38 47
Liability for dividend distribution 35 30
Other 26 24
Holding, total 133 134
Item Other includes e.g. reservations for share-based incentive programmes and other incentive salaries.
Elimination items between segments -11 -11
EURm 2015 2014
Group, total 957 1,035