Varma - Annual Report 2012

Varma balance sheet and income statement at fair value
Balance sheet at fair value, Parent Company
31 Dec, € million201220112010
ASSETS
Investments34,40631,85233,190
Receivables1,2081,1571,019
Equipment364643
35,65133,05534,252
LIABILITIES
Capital and reserves979389
Valuation differences5,4003,7754,444
Provision for pooled claims equated with solvency capital1,1471,0961,070
Provision for future bonuses1,0731,5562,309
Total solvency capital7,7166,5207,913
Provision for current bonuses (for client bonuses)797489
Equity-linked provision for current and future bonuses190-180263
Equalisation provision1,1081,1201,158
Provision for pooled claims equated with solvency capital-1,147-1,096-1,070
Actual technical provision27,31726,39525,269
Total27,46826,24025,620
Other liabilities388221630
35,65133,05534,252
Income statement at fair value, Parent Company
1 Jan–31 Dec, € million201220112010
Premiums written4,2313,9773,735
Claims paid-4,168-3,925-3,653
Change in technical provisions-1,219-596-1,190
Net investment income2,510-6933,299
Total operating expenses-149-136-132
Taxes-4-5-5
Total result 11,201-1,3782,054

1 Result at fair value before change in provision for current and future bonuses and equalisation provision.