Varma - Annual Report 2012

Loading profit
€ million20122011201020092008
Expense loading components included in contributions125.4122.2123.0110.2113.5
Components available to cover operating expenses arising from compensation decisions5.85.54.94.64.5
Other income0.40.81.21.01.1
Total loading income131.5128.5129.0115.8119.1
Operating expenses covered by loading income 1-110.3-93.2-93.7-93.1-82.5
Total operating expenses-110.3-93.2-93.7-93.1-82.5
Loading profit21.235.335.422.736.6
Operating expenses in relation to loading income, %8473738069

1 Excluding operating expenses related to investments and maintenance of working capacity and statutory charges.

 

Maintenance of working capacity expenses
31 Dec, € million20122011201020092008
Premiums written; the administrative cost component of the disability risk5.45.35.04.14.1
Claims incurred; maintenance of working capacity expenses6.57.76.03.94.3
Maintenance of working capacity expenses / The administrative cost component of the disability risk, %121.9144.9120.196.0104.2