Income statement
| Amounts i SEK thousand | 2008 | 2007 | ||
|---|---|---|---|---|
| PROFIT / LOSS FOR THE YEAR | 819,577 | 1,755,112 | ||
| OPERATING INCOME AND EXPENSES | ||||
| PREMIUMS: | ||||
| Premium income | Note 1 | 524,555 | 406,369 | |
| Change in estimated premiums for investment guarantees and counter-guarantees | 633 | -10,450 | ||
| Change in estimated premiums for binding offers | -136,501 | 182,186 | ||
| Premium income from reinsurance | 15,838 | 31,063 | ||
| Premium cost for reinsurance | -33,368 | -94,594 | ||
| Net premium income | 371,157 | 514,574 | ||
| Change in technical reserves for estimated risk in exposure, gross | Note 2 | -1,926,000 | 328,000 | |
| Reinsurer’s share of change in technical reserves for estimated risk in exposure | Note 2 | 408,000 | 130,000 | |
| Change in technical reserves for estimated risk in exposure, net | Note 2 | -1,518,000 | 458,000 | |
| RECOVERIES: | ||||
| Capital | Note 3 | 239,548 | 724,594 | |
| Total capitalised interest | Note 3 | 168,787 | 248,458 | |
| Interest | Note 3 | 58,048 | 214,013 | |
| Undistributed recoveries | Note 3 | -32,401 | -262,157 | |
| Total recovered claims | Note 3 | 433,982 | 924,908 | |
| Other recovery costs | -1,302 | -2,519 | ||
| Net recovery income | 432,680 | 922,389 | ||
| INDEMNIFICATIONS: | ||||
| Indemnification payments | -49,493 | -11,616 | ||
| Loss prevention lease | 0 | -20,434 | ||
| Loss prevention measures | -551 | -269 | ||
| Total indemnifications | -50,044 | -32,319 | ||
| Called excess | -984 | -37,173 | ||
| Compensation for debt relief | 270,365 | 36,268 | ||
| Change in estimated net value of indemnified claims | Note 4 | 165,000 | -520,000 | |
| Other operating income | Note 5 | 158,525 | 0 | |
| Other operating expenses | Note 6 | -10,129 | -6,104 | |
| RUNNING EXPENSES: | ||||
| Administrative expenses | Note 7 | -127,985 | -116,674 | |
| Depreciation of equipment | Note 7 | -907 | -1,270 | |
| Administrative income | Note 7 | 3,149 | 182 | |
| Total running expenses | Note 7 | -125,743 | -117,762 | |
| OPERATING PROFIT/LOSS | -307,173 | 1,217,873 | ||
| FINANCIAL INCOME AND EXPENSES | ||||
| Interest income on treasury management | 597,367 | 469,402 | ||
| Other interest income | 273,291 | 98,754 | ||
| Interest expenses, loans | -93 | -82 | ||
| Other interest expenses | -27,923 | -26,479 | ||
| External expenses for treasury management | -2,137 | -1,640 | ||
| Exchange rate differences, assets and liabilities | Note 8 | 286,245 | -2,716 | |
| Total financial items | 1,126,750 | 537,239 |