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Notes to the Accounts

1 Insurance Premiums Written
               
P&C insurance        
               
EURm         2010 2009
Premiums from insurance contracts            
  Premiums written, direct insurance         4,105 3,770
  Premiums written, assumed reinsurance         84 118
  Premiums written, gross         4,189 3,888
               
  Reinsurers' share of premiums written         -204 -211
  Premiums written, net         3,985 3,677
               
  Change in unearned premium provision         -94 -28
  Reinsurers' share         2 -5
  Change in unearned premium provision, net         -91 -33
               
Premiums earned, total         3,894 3,643
               
Life insurance            
               
EURm         2010 2009
Vakuutussopimuksista            
  Premiums written, direct insurance         648 508
  Premiums written, assumed reinsurance         2 2
  Insurance contracts total, gross         649 510
               
  Premium revenue ceded to reinsurers on insurance contracts issued         -6 -6
  Insurance contracts total, net         643 504
               
  Investment contracts         468 299
Premiums written, net ¹)         1,111 803
               
Group, total         5,096 4,479
               
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         2010 2009
Premiums from insurance contracts            
  Premiums from contracts with discretionary participation feature         271 231
  Premiums from unit-linked contracts         376 273
  Premiums from other contracts         1 4
Total         648 508
               
Assumed reinsurance         2 2
               
Premiums from investment contracts            
  Premiums from contracts with discretionary participation feature         1 20
  Premiums from unit-linked contracts         467 279
Total         468 299
             
Insurance and investment contracts, total         1,117 809
               
Reinsurers' share         -6 -6
               
Premiums written, total         1,111 803
               
Single and regular premiums from direct insurance            
  Regular premiums, insurance contracts         392 381
  Single premiums, insurance contracts         256 127
  Single premiums, investment contracts         468 299
Total         1,115 807
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