Sampo Group

Annual Report 2011
Notes to the Group's Financial Statements
2 Net income from investments

Notes to the Group's Financial Statements

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1 INSURANCE PREMIUMS WRITTEN
               
P&C insurance
               
EURm         2011 2010
               
Premiums from insurance contracts            
  Premiums written, direct insurance         4,324 4,105
  Premiums written, assumed reinsurance         90 84
  Premiums written, gross         4,414 4,189
  Reinsurers' share of premiums written         -213 -204
  Premiums written, net         4,201 3,985
               
  Change in unearned premium provision         -106 -94
  Reinsurers' share         -1 2
  Change in unearned premium provision, net         -107 -91
               
Premiums earned, total 4,094 3,894
               
               
Life insurance
               
EURm         2011 2010
               
Premiums from insurance contracts            
  Premiums written, direct insurance         541 648
  Premiums written, assumed reinsurance         2 2
  Insurance contracts total, gross 544 649
  Premium revenue ceded to reinsurers on insurance contracts issued -5 -6
  Insurance contracts total, net 538 643
  Investment contracts         311 468
Premiums written, net ¹) 849 1,111
               
Group, total 5,050 5,096
               
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         2011 2010
               
Premiums from insurance contracts            
  Premiums from contracts with discretionary participation feature 201 271
  Premiums from unit-linked contracts       339 376
  Premiums from other contracts         1 1
  Total         541 648
               
Assumed reinsurance         2 2
               
Premiums from investment contracts            
  Premiums from contracts with discretionary participation feature 1 1
  Premiums from unit-linked contracts         310 467
  Total         311 468
               
Insurance and investment contracts, total         854 1,117
               
Reinsurers' share         -5 -6
               
Premiums written, total 849 1,111
               
Single and regular premiums from direct insurance    
  Regular premiums, insurance contracts         360 392
  Single premiums, insurance contracts         186 256
  Single premiums, investment contracts         307 468
  Total 852 1,115
               
Notes to the Group's Financial Statements
2 Net income from investments