Varma

Annual Report 2014

VARMA_tilinpaatos
4. Operating expenses in the income statement
ParentParent
CompanyCompanyGroupGroup
1 Jan.–31 Dec., € million2014201320142013
Insurance policy acquisition costs
Direct business commissions1.51.51.51.5
Other insurance policy acquisition costs7.89.87.89.8
9.211.39.211.3
Portfolio administration expenses39.037.339.037.3
Administrative expenses
Statutory charges
Finnish Centre for Pensions’ share11.210.111.210.1
Judicial administration fee1.11.11.11.1
Financial Supervisory Authority supervision fee0.70.60.70.6
13.011.813.011.8
Other administrative expenses16.615.316.615.3
77.975.677.975.6