Notes to the Group’s Financial Statements
Select note 1–41
| 1 Insurance premiums written | |||||
| P&C insurance | |||||
| EURm | 2015 | 2014 | |||
| Premiums from insurance contracts | |||||
| Premiums written, direct insurance | 4,464 | 4,550 | |||
| Premiums written, assumed reinsurance | 95 | 84 | |||
| Premiums written, gross | 4,559 | 4,634 | |||
| Reinsurers' share of premiums written | -181 | -170 | |||
| Premiums written, net | 4,378 | 4,464 | |||
| Change in unearned premium provision | -39 | -3 | |||
| Reinsurers' share | 5 | -3 | |||
| Change in unearned premium provision, net | -34 | -6 | |||
| Premiums earned, total | 4,344 | 4,457 | |||
| Life insurance | |||||
| EURm | 2015 | 2014 | |||
| Premiums from insurance contracts | |||||
| Premiums written, direct insurance | 723 | 658 | |||
| Premiums written, assumed reinsurance | 2 | 4 | |||
| Insurance contracts total, gross | 725 | 661 | |||
| Premium revenue ceded to reinsurers on insurance contracts issued | -5 | -5 | |||
| Insurance contracts total, net | 720 | 656 | |||
| Investment contracts | 424 | 449 | |||
| Premiums written, net 1) | 1,144 | 1,105 | |||
| Elimination items between segments | - | -24 | |||
| Group, total | 5,522 | 5,544 | |||
| ¹) The change in unearned premiums is presented in note 4 " The change in insurance and investment liabilities". | |||||
| Specification of premiums written in Life insurance | |||||
| EURm | 2015 | 2014 | |||
| Premiums from insurance contracts | |||||
| Premiums from contracts with discretionary participation feature | 146 | 143 | |||
| Premiums from unit-linked contracts | 575 | 513 | |||
| Premiums from other contracts | 2 | 2 | |||
| Total | 723 | 658 | |||
| Assumed reinsurance | 2 | 4 | |||
| Premiums from investment contracts | |||||
| Premiums from contracts with discretionary participation feature | 30 | 1 | |||
| Premiums from unit-linked contracts | 394 | 448 | |||
| Total | 424 | 449 | |||
| Insurance and investment contracts, total | 1,149 | 1,110 | |||
| Reinsurers' share | -5 | -5 | |||
| Premiums written, total | 1,144 | 1,105 | |||
| Single and regular premiums from direct insurance | |||||
| Regular premiums, insurance contracts | 287 | 282 | |||
| Single premiums, insurance contracts | 436 | 375 | |||
| Single premiums, investment contracts | 424 | 449 | |||
| Total | 1,147 | 1,106 | |||