Notes to the Group’s Financial Statements

Select note 1–42
32 Other liabilities
P&C insurance
EURm 2016 2015
Liabilities arising out of direct insurance operations 177 163
Liabilities arising out of reinsurance operations 29 30
Liabilities related to Patient Insurance Pool 118 115
Premium taxes 49 49
Tax liabilities 114 91
Prepayments and accrued income 174 181
Other 39 39
P&C insurance, total 700 669
The non-current share of other liabilities is EURm 96 (108).
Item Other includes e.g. witholding taxes, social expenses related to Workers Compensation insurance policies and employee benefits, unpaid premium taxes and other accruals.
Life insurance
EURm 2016 2015
Interests 7 10
Tax liabilities 0 5
Liabilities arising out of direct insurance operations 30 21
Liabilities arising out of reinsurance operations 5 4
Settlement liabilities 31 61
Guarantees received 2 0
Other liabilities 73 66
Life insurance, total 148 167
Item Guarantees received comprise assets accepted as guarantees required in derivative trading and securities lending.
Item Other includes e.g. liabilities arising from withholding taxes and social security costs, liabilities to creditors and insurance premium advances.
Holding
EURm 2016 2015
Interests 25 34
Guarantees for trading in derivatives 17 38
Liability for dividend distribution 38 35
Other 16 26
Holding, total 96 133
Item Other includes e.g. reservations for share-based incentive programmes and other incentive salaries.
Elimination items between segments -10 -11
EURm 2016 2015
Group, total 933 957
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