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Notes to the Group’s Financial Statements

8 Performance analysis per class of P&C insurance
EURm Accident
and
health
Motor, third
party
liability
Motor,
other
classes
Marine,
air and
transport
Fire and
other damage
to property
Third party
liability
Credit
insurance
Premiums written, gross
2014 774 657 1,309 130 1,317 212 2
2013 772 689 1,334 148 1,367 216 3
Premiums earned, gross
2014 769 664 1,288 130 1,330 211 3
2013 757 695 1,308 147 1,359 211 2
Claims incurred, gross 1)
2014 -554 -523 -885 -86 -881 -84 -0
2013 -560 -508 -918 -93 -966 -105 -1
Operating expenses, gross 2)
2014 -133 -140 -192 -22 -213 -34 -0
2013 -135 -144 -195 -26 -207 -31 -0
Profit/loss from ceded reinsurance
2014 -13 2 -2 -9 -83 -31 0
2013 -2 -2 -2 -10 -81 -32 0
Technical result before investment return
2014 69 3 209 14 152 62 2
2013 60 41 193 18 105 42 1
EURm Legal
expenses
Other Total
direct
insurance
Reinsurance
assumed
Elimination Total
Premiums written, gross
2014 41 112 4,555 84 -5 4,634
2013 40 112 4,680 94 -6 4,768
Premiums earned, gross
2014 41 111 4,547 89 -5 4,631
2013 39 113 4,631 97 -6 4,723
Claims incurred, gross 1)
2014 -29 -72 -3,115 -71 6 -3,180
2013 -26 -48 -3,226 -56 6 -3,276
Operating expenses, gross 2)
2014 -7 -16 -756 -15 13 -758
2013 -7 -14 -760 -24 11 -773
Profit/loss from ceded reinsurance
2014 0 -8 -144 -4 5 -143
2013 -0 -14 -144 -2 6 -140
Technical result before investment return
2014 6 15 533 -1 19 551
2013 6 37 501 16 17 534
1) Activity-based operating costs EURm 260 (269) have been allocated to claims incurred.
2) Includes other technical income EURm 27 (28) and other technical expenses EURm 27 (26).
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