Income statement

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Amount in SEK thousand 2006 2005
Profit / loss for the year 1,786,589 1,925,492
Operating income and Expenses
Premiums:
Premium income 1,591,448 774,558
Change in estimated premiums for investment guarantees and counter guarantees -16,342 -14,874
Change in estimated premiums for binding offers -80,732 61,401
Premium income from reinsurance 90,479 13,919
Premium cost from reinsurance -464,184 -76,350
Net premium income 1,120,669 758,654
Change in technical reserves for estimated risk in exposure, gross Note 1 -768 000 -432 000
Reinsurer’s share of change in technical reserves for estimated risk in exposure Note 1 1,080,000 -53,000
Change in technical reserves for estimated risk in exposure, net Note 1 312,000 -485,000
Recoveries:
Capital 1,285,312 2,117,768
Capitalised moratorium interest 143,602 904,918
Interest 145,491 151,356
Undistributed recoveries 141,061 -13,638
Total claims recoveries Note 2 1,715,466 3,160,404
Other recovery costs -10,014 -65,580
Net recovery income 1,705,452 3,094,824
Indemnifications:
Indemnification payments -27,013 -198,808
Pre-loss preventive leasing -14,239 0
Pre-loss preventive measures -2,117 -3,546
Total indemnification -43,369 -202,354
Called excess -109,837 -65,594
Compensation for debt relief 265,806 0
Change in net value of indemnification claims Note 3 -1,201,000 -1,844,000
Other operating expenses Note 4 -6,054 -12,876
Administrative expenses: Note 5
Administrative costs -106,619 -103,902
Depreciation of equipment -1,334 -1,527
Administrative income 1,915 1,640
Total administrative expenses -106,038 -103,789
Operating profit / loss 1,937,629 1,139,865
Financial income and expenses:
Interest income on treasury management 350,492 217,866
Other interest income 47,817 8,717
Interest expenses, loans -60 -44
Other interest expenses 2,404 -6,012
External expenses for treasury management -260 -185
Exchange rate differences, assets and liabilities Note 6 -551,433 565,285
Total financial items -151,040 785,627