P&C Insurance Key Figures
| Risk ratio, % | ||
| + | claims incurred | |
| - | claims settlement expenses | x 100% |
| premiums earned | ||
| Cost ratio, % | ||
| + | operating expenses | |
| + | claims settlement expenses | x 100% |
| premiums earned | ||
| Loss ratio excl. unwinding of discount, % | ||
| claims incurred before unwinding of discount | x 100% | |
| premiums earned | ||
| Expense ratio, % | ||
| operating expenses | x 100% | |
| premiums earned | ||
| Combined ratio excl. unwinding of discount, % | ||
| Loss ratio before unwinding of discount + expense ratio | ||