Sampo Group’s Online Annual Report 2012 and Sampo’s video ‘25 Years as a Listed Company’ have been granted the international Red Dot Communication Design 2013 Awards.

Red Dot design award winner 2013

Notes to the Group’s financial statements

1 Insurance premiums written
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P&C insurance
         
EURm   2012 2011
Premiums from insurance contracts      
  Premiums written, direct insurance   4,590 4,324
  Premiums written, assumed reinsurance   109 90
  Premiums written, gross   4,698 4,414
  Reinsurers' share of premiums written   -258 -213
  Premiums written, net   4,441 4,201
         
  Change in unearned premium provision   -79 -106
  Reinsurers' share   1 -1
  Change in unearned premium provision, net   -78 -107
         
Premiums earned, total   4,363 4,094
         
Life insurance
         
EURm   2012 2011
Premiums from insurance contracts      
  Premiums written, direct insurance   591 541
  Premiums written, assumed reinsurance   2 2
  Insurance contracts total, gross   593 544
  Premium revenue ceded to reinsurers on insurance contracts issued   -5 -5
  Insurance contracts total, net   588 538
  Investment contracts   389 311
Premiums written, net ¹)   977 849
         
Group, total   5,418 5,050
¹) The change in unearned premiums is presented in note 4 " The change in insurance and investment liabilities".
         
Specification of premiums written in Life insurance
         
EURm   2012 2011
Premiums from insurance contracts      
  Premiums from contracts with discretionary participation feature   168 201
  Premiums from unit-linked contracts 421 339
  Premiums from other contracts   1 1
  Total   591 541
         
Assumed reinsurance   2 2
         
Premiums from investment contracts      
  Premiums from contracts with discretionary participation feature   0 1
  Premiums from unit-linked contracts   389 310
  Total   389 311
         
Insurance and investment contracts, total   983 854
         
Reinsurers' share   -5 -5
         
Premiums written, total   977 849
         
Single and regular premiums from direct insurance    
  Regular premiums, insurance contracts   381 360
  Single premiums, insurance contracts   210 186
  Single premiums, investment contracts   389 307
  Total   981 852