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Life Insurance Key Figures

Profit before taxes

Formula shown in connection with the Group key figures.

Return on equity (at fair values), %

Formula shown in connection with the Group key figures.

Expense ratio

+ operating expenses before change in deferred acquisition costs
+ claims settlement expenses
_________________________________________________________________________________________ x 100 %
expense charges

Solvency capital (IFRS)

+ equity after proposed profit distribution
± valuation differences on investment
- intangible assets
+ subordinated loans
- deferred tax liability probably realised in near future
(incl. deferred tax from fair value reserve and profit)
+ other required items (Ministry of Finance decree)

Solvency ratio, % of technical provision, IFRS

+ solvency capital
_________________________________________________________________________________________ x 100 %
+ liabilities for insurance and investment contracts
- reinsurers' share of insurance liabilities
- 75 % x technical provisions relating to unit-linked insurance

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