Notes to the Group’s Financial Statements
Select note 1–42
| 1 Insurance premiums written | |||||
| P&C insurance | |||||
| EURm | 2016 | 2015 | |||
| Premiums from insurance contracts | |||||
| Premiums written, direct insurance | 4,364 | 4,464 | |||
| Premiums written, assumed reinsurance | 94 | 95 | |||
| Premiums written, gross | 4,458 | 4,559 | |||
| Reinsurers' share of premiums written | -166 | -181 | |||
| Premiums written, net | 4,292 | 4,378 | |||
| Change in unearned premium provision | -4 | -39 | |||
| Reinsurers' share | -2 | 5 | |||
| Change in unearned premium provision, net | -6 | -34 | |||
| Premiums earned, total | 4,286 | 4,344 | |||
| Life insurance | |||||
| EURm | 2016 | 2015 | |||
| Premiums from insurance contracts | |||||
| Premiums written, direct insurance | 644 | 723 | |||
| Premiums written, assumed reinsurance | 3 | 2 | |||
| Insurance contracts total, gross | 647 | 725 | |||
| Premium revenue ceded to reinsurers on insurance contracts issued | -6 | -5 | |||
| Insurance contracts total, net | 641 | 720 | |||
| Investment contracts | 475 | 424 | |||
| Premiums written, net 1) | 1,116 | 1,144 | |||
| Elimination items between segments | -32 | - | |||
| Group, total | 5,375 | 5,522 | |||
| 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 | 2016 | 2015 | |||
| Premiums from insurance contracts | |||||
| Premiums from contracts with discretionary participation feature | 144 | 146 | |||
| Premiums from unit-linked contracts | 498 | 575 | |||
| Premiums from other contracts | 2 | 2 | |||
| Total | 644 | 723 | |||
| Assumed reinsurance | 3 | 2 | |||
| Premiums from investment contracts | |||||
| Premiums from contracts with discretionary participation feature | 0 | 30 | |||
| Premiums from unit-linked contracts | 475 | 394 | |||
| Total | 475 | 424 | |||
| Insurance and investment contracts, total | 1,122 | 1,149 | |||
| Reinsurers' share | -6 | -5 | |||
| Premiums written, total | 1,116 | 1,144 | |||
| Single and regular premiums from direct insurance | |||||
| Regular premiums, insurance contracts | 277 | 287 | |||
| Single premiums, insurance contracts | 367 | 436 | |||
| Single premiums, investment contracts | 475 | 424 | |||
| Total | 1,119 | 1,147 | |||
The tables for the Financial Statements are also available in Excel format.