Varma

Annual Report 2014

VARMA_tilinpaatos
Income statement
ParentParent
CompanyCompanyGroupGroup
1 Jan.–31 Dec., € millionNotes2014201320142013
Technical account
Premiums written14,343.64,258.04,343.64,258.0
Investment income34,782.13,815.64,633.73,780.0
Claims incurred
Claims paid2-4,701.5-4,489.6-4,701.5-4,489.6
Total change in provision for claims outstanding-737.9-855.0-737.9-855.0
-5,439.4-5,344.6-5,439.4-5,344.6
Change in provision for unearned premiums
Total change67.4-777.567.4-777.5
67.4-777.567.4-777.5
Operating expenses4-77.9-75.6-77.9-75.6
Investment expenses3-3,663.1-1,864.8-3,644.8-1,849.2
Balance on technical account12.711.0-117.4-9.0
0.0
Non-technical account
Balance on technical account12.711.0-117.4-9.0
Share of associated companies’ profit22.238.4
Income taxes on ordinary activities
Taxes for the financial year-6.8-5.8-6.8-5.8
Profit/loss on ordinary activities after taxes5.95.2-102.023.6
Minority interest in the result for the financial year0.00.0
Profit/loss for the financial year5.95.2-102.023.6