Sampo Group

3 Claims incurred
5 Staff costs

Notes to the Group's Financial Statements

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4 CHANGE IN LIABILITIES FOR INSURANCE AND INVESTMENT CONTRACTS
               
P&C insurance
               
EURm         2011 2010
               
Change in unearned premium provision     -106 -94
Reinsurers' share     -1 2
Change in unearned premium provision, net -107 -91
               
               
Life insurance
               
EURm         2011 2010
Insurance contracts            
  Life-insurance            
  Contracts with discretionary participation feature (DPF)   38 16
  Other contracts         0 0
  Unit-linked contracts         117 -177
  Total         155 -161
               
  Pension insurance            
  Contracts with discretionary participation feature (DPF)   221 32
  Unit-linked contracts         52 -240
  Total         273 -208
               
Assumed reinsurance         0 0
               
Insurance contracts total, gross         428 -369
               
Reinsurers´ share         0 0
               
Insurance contracts total, net         428 -369
               
Investment contracts            
  Capital redemption policy            
  Contracts with discretionary participation feature (DPF)     15 35
  Unit-linked contracts         -95 -345
  Investment contracts, total         -80 -309
               
             
Change in liabilities for insurance and investment contracts in total, gross 348 -678
               
Change in liabilities for insurance and investment contracts in total, net 348 -678
               
Group, total         241 -769
               
               
3 Claims incurred
5 Staff costs