Life Insurance Key Figures
| Profit before taxes | ||
| Formula shown above in connection with the Group key figures. | ||
| Return on equity (at fair values), % | ||
| Formula shown above in connection with the Group key figures. | ||
| Expense ratio | ||
| + | operating expenses before change in deferred acquisition costs | |
| + | claims settlement expenses | x 100% |
| expense charges | ||
| Solvency capital (IFRS) | ||
| + | equity after proposed profit distribution | |
| ± | valuation differences on investment | |
| - | intangible assets | |
| + | subordinated loans | |
| - | deferred tax liability probably realised in near future (incl. deferred tax from fair value reserve and profit) | |
| ± | other required items (Ministry of Finance decree) | |
| Solvency ratio, % of technical provision, IFRS | ||
| + | solvency capital | x 100% |
| + | liabilities for insurance and investment contracts | |
| - | reinsurers’ share of insurance liabilities | |
| - | 75% x technical provisions relating to unit-linked insurance | |