Varma - Annual Report 2012

Income statement
Parent
Company
Parent
Company
GroupGroup
1 Jan–31 Dec, € millionNotes2012201120122011
Technical account
Premiums written14,230.73,976.64,230.73,976.6
Investment income33,435.74,076.33,404.24,059.3
Claims incurred
Claims paid2-4,222.4-3,966.5-4,222.4-3,966.5
Total change in provision for claims outstanding-630.1-1,080.7-630.1-1,080.7
Portfolio transfer-0.2-0.2
-4,852.4-5,047.4-4,852.4-5,047.4
Change in provision for unearned premiums
Total change-171.01,204.0-171.01,204.0
Portfolio transfer-0.5-0.5
-171.01,203.4-171.01,203.4
Operating expenses4-72.0-72.1-72.0-72.1
Investment expenses3-2,562.2-4,126.6-2,553.0-4,113.5
Balance on technical account8.810.2-13.66.4
Non-technical account
Balance on technical account8.810.2-13.66.4
Share of associated companies’ profit18.919.5
Income taxes on ordinary activities
Taxes for the financial year-4.4-5.2-4.4-5.2
Profit on ordinary activities after taxes4.35.00.920.7
Minority interest in the result for the financial year0.00.0
Profit for the financial year4.35.00.920.7