Varma

Performance analysis
31 Dec., € million20132012201120102009
Sources of profit
Technical underwriting result14.5-9.2-35.0145.111.6
Investment surplus at fair value1,511.91,189.4-1,378.01,874.02,151.1
+ Net investment income at fair value3,160.12,492.4-711.03,277.83,551.1
- Return requirement on technical provisions-1,648.3-1,303.0-667.1-1,403.9-1,400.1
Loading profit32.021.235.335.422.7
Total result1,558.51,201.4-1,377.72,054.52,185.3
Appropriation of profit
To increase solvency1,453.51,123.4-1,450.71,965.42,124.3
Equalisation provision10.5-12.6-38.1142.18.3
Change in provision for future bonuses228.4-483.4-753.1-324.91,038.7
Change in difference between fair value and book value1,209.31,615.0-664.62,143.91,073.9
Profit for the financial year5.24.35.04.33.3
Transfer to client bonuses105.078.073.089.061.0
Transfer to augment the provision for current bonuses0.00.00.00.00.0
Total1,558.51,201.4-1,377.72,054.42,185.3