Other notes to the Group’s Financial Statements 1–40
Select note 1–40
- 1 Insurance premiums written
- 2 Net income from investments
- 3 Claims incurred
- 4 Change in liabilities for insurance and investment contracts
- 5 Staff costs
- 6 Other operating expenses
- 7 Result analysis of If
- 8 Earnings per share
- 9 Financial assets and liabilities
- 10 Property, plant and equipment
- 11 Investment property
- 12 Intangible assets
- 13 Investments in associates
- 14 Financial assets
- 15 Fair values
- 16 Determination and hierarchy of fair values
- 17 Movements in level 3 financial instruments measured at fair value
- 18 Sensitivity analysis of level 3 financial instruments measured at fair value
- 19 Investments related to unit-linked insurance contracts
- 20 Deferred tax assets and liabilities
- 21 Taxes
- 22 Components of other comprehensive income
- 23 Tax effects relating to components of other comprehensive income
- 24 Other assets
- 25 Liabilities from insurance and investment contracts
- 26 Liabilities from unit-linked insurance and investment contracts
- 27 Financial liabilities
- 28 Provisions
- 29 Employee benefits
- 30 Other liabilities
- 31 Contingent liabilities and commitments
- 32 Equity and reserves
- 33 Related party disclosures
- 34 Incentive schemes
- 35 Assets and liabilities related to assets held for sale
- 36 Auditors' fees
- 37 Legal proceedings
- 38 Investments in subsidiaries
- 39 Risk management disclosures
- 40 Events after the balance sheet date
The tables for the Financial Statements are also available in Excel format and the complete Financial Statements in Pdf format.
| 7 Result analysis of If | |||||
| EURm | 2017 | 2016 | |||
| Insurance premiums earned | 4,293 | 4,286 | |||
| Claims incurred | -2,959 | -2,905 | |||
| Operating expenses | -705 | -713 | |||
| Other insurance technical income and expense | -8 | -7 | |||
| Allocated investment return transferred from the non-technical account | 19 | -3 | |||
| Technical result | 640 | 658 | |||
| Net investment income account | 229 | 188 | |||
| Allocated investment return transferred to the technical account | -52 | -26 | |||
| Other income and expense | 0 | 3 | |||
| Operating result | 818 | 824 | |||
| Specification of activity-based operating expenses included in the income statement | |||||
| EURm | 2017 | 2016 | |||
| Claims-adjustment expenses (claims paid) | -241 | -235 | |||
| Acquisition expenses (operating expenses) | -490 | -490 | |||
| Joint administrative expenses for insurance business (operating expenses) | -227 | -226 | |||
| Administrative expenses pertaining to other technical operations (operating expenses) | -35 | -33 | |||
| Asset management costs (investment expenses) | -23 | -17 | |||
| Total | -1,016 | -1,002 | |||