Varma

Annual Report 2014

VARMA_tilinpaatos
Performance analysis
31 Dec., € million20142013201220112010
Sources of profit
Technical underwriting result64.114.5-9.2-35.0145.1
Investment surplus at fair value1,125.51,511.91,189.4-1,378.01,874.0
+ Net investment income at fair value2,698.93,160.12,492.4-711.03,277.8
- Return requirement on technical provisions-1,573.4-1,648.3-1,303.0-667.1-1,403.9
Loading profit33.432.021.235.335.4
Total result1,223.01,558.51,201.4-1,377.72,054.5
Appropriation of profit
To increase solvency1,106.01,453.51,123.4-1,450.71,965.4
Equalisation provision61.910.5-12.6-38.1142.1
Change in provision for future bonuses-548.6228.4-483.4-753.1-324.9
Change in difference between fair value and book value1,586.81,209.31,615.0-664.62,143.9
Profit for the financial year5.95.24.35.04.3
Transfer to client bonuses117.0105.078.073.089.0
Total1,223.01,558.51,201.4-1,377.72,054.4