Notes to the Group’s Financial Statements

Select note 1–42

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
2016	729	615	1,301	119	1,244	198	2
2015	754	635	1,294	125	1,296	202	2
Premiums earned, gross
2016	737	620	1,271	121	1,254	201	2
2015	740	636	1,266	123	1,299	204	2
Claims incurred, gross ¹⁾
2016	-490	-372	-912	-72	-852	-93	-1
2015	-525	-581	-854	-83	-851	-132	-1
Operating expenses, gross ²⁾
2016	-129	-134	-191	-20	-197	-32	0
2015	-133	-136	-184	-21	-210	-33	0
Profit/loss from ceded reinsurance
2016	-4	0	-2	-11	-65	-31	0
2015	-9	-1	-1	-12	-76	-12	-
Technical result before investment return
2016	115	114	166	18	139	45	2
2015	73	-83	226	7	162	28	1

EURm		Legal expenses	Other	Total direct insurance	Reinsurance assumed	Elimination	Total
Premiums written, gross
2016		46	109	4,364	94	-	4,458
2015		45	114	4,465	94	0	4,559
Premiums earned, gross
2016		46	108	4,360	94	-	4,454
2015		44	111	4,424	96	0	4,520
Claims incurred, gross 1)
2016		-29	-72	-2,892	-89	4	-2,976
2015		-27	-99	-3,153	-48	7	-3,194
Operating expenses, gross 2)
2016		-7	-21	-731	-16	15	-732
2015		-7	-16	-740	-17	135	-622
Profit/loss from ceded reinsurance
2016		0	-12	-125	40	-	-85
2015		-	-7	-117	6	0	-112
Technical result before investment return
2016		10	4	613	28	19	660
2015		9	-10	414	37	142	592

1) Activity-based operating costs EURm 235 (249) have been allocated to claims incurred.
2) Includes other technical income EURm 26 (28) and other technical expenses EURm 33 (28).

The tables for the Financial Statements are also available in Excel format.