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

7 Result analysis of P&C insurance
Download as Excel      
         
EURm   2012 2011
         
Insurance premiums earned   4,363 4,094
Claims incurred   -3,146 -3,058
Operating expenses   -748 -707
Other insurance technical income and expense   3 4
Allocated investment return transferred from the non-technical account   89 124
Technical result   560 457
Net investment income   397 353
Allocated investment return transferred to the technical account   -146 -181
Other income and expense   46 7
Operating result   858 636
         
Specification of activity-based operating expenses included in the income statement
         
EURm   2012 2011
  Claims-adjustment expenses (Claims paid)   -271 -257
  Acquisition expenses (Operating expenses)   -534 -491
  Joint administrative expenses for insurance business (Operating expenses)   -244 -248
  Administrative expenses pertaining to other technical operations (Operating expenses)   -30 -27
  Asset management costs (Investment expenses)   -11 -9
  Total   -1,089 -1,032