Notes to the Group’s Financial Statements
Select note 1–41
| 7 Result analysis of P&C insurance | |||||
| EURm | 2015 | 2014 | |||
| Insurance premiums earned | 4,344 | 4,457 | |||
| Claims incurred | -3,143 | -3,162 | |||
| Operating expenses | -566 | -745 | |||
| Other insurance technical income and expense | -1 | 0 | |||
| Allocated investment return transferred from the non-technical account | 23 | 37 | |||
| Technical result | 657 | 588 | |||
| Net investment income account | 325 | 378 | |||
| Allocated investment return transferred to the technical account | -60 | -82 | |||
| Other income and expense | 38 | 47 | |||
| Operating result | 960 | 931 | |||
| Specification of activity-based operating expenses included in the income statement | |||||
| EURm | 2015 | 2014 | |||
| Claims-adjustment expenses (Claims paid) | -249 | -260 | |||
| Acquisition expenses (Operating expenses) | -497 | -499 | |||
| Joint administrative expenses for insurance business (Operating expenses) | -78 | -246 | |||
| Administrative expenses pertaining to other technical operations (Operating expenses) | -71 | -27 | |||
| Asset management costs (Investment expenses) | -19 | -14 | |||
| Total | -914 | -1,046 | |||