Income statement

Amounts in SEK ’000s
OPERATING INCOME AND EXPENSES 2009 2008
PREMIUMS:      
Premium income Note 1 2,861,335 524,555
Change in estimated premiums for investment
guarantees and counter-guarantees		   -1,364 633
Change in estimated premiums for binding offers   270,269 -136,501
Premium income from reinsurance   13,622 15,838
Premium cost for reinsurance   -48,109 -33,368
Net premium income   3,095,753 371,157
PROVISIONS:      
Change in provisions for actuarially
calculated risk in the exposure, gross		 Note 2 -1,529,000 -1,926,000
Reinsurer’s share of changes in provisions
for actuarially calculated risk in the exposure		 Note 2 -371,000 408,000
Change in provisions for actuarially
calculated risk in the exposure, net		 Note 2 -1,900,000 -1,518,000
RECOVERIES:      
Capital Note 3 94,500 239,548
Capitalised interest Note 3 135,700 168,787
Interest Note 3 66,819 58,048
Undistributed recoveries Note 3 4,210 -32,401
Total recovered claims Note 3 301,229 433,982
Other recovery costs   -2,764 -1,302
Net recovery income   298,465 432,680
INDEMNIFICATIONS:      
Indemnification payments   -166,278 -49,493
Loss prevention leasing   -107,376 0
Loss prevention measures   -1,258 -551
Total indemnifications   -274,912 -50,044
Called excesses   0 -984
Compensation for debt relief   0 270,365
Change in actuarially calculated net value of indemnified claims Note 4 -208,000 165,000
Other operating income Note 5 10,027 158,525
Other operating expenses Note 6 -166,862 -10,129
Running expenses Note 7 -151,845 -125,743
       
OPERATING PROFIT/LOSS   702,626 -307,173
FINANCIAL INCOME AND EXPENSES      
Interest income from treasury management   508,251 597,367
Other interest income   8,032 273,291
Interest expenses, loans   -13 -93
Other interest expenses   -46,143 -27,923
External expenses for treasury management   -2,431 -2,137
Exchange rate differences, assets and liabilities Note 8 -314,321 286,245
TOTAL FINANCIAL ITEMS   153,375 1,126,750
       
PROFIT/LOSS FOR THE YEAR   856,001 819,577