Income statement

DKKm		2008	2007
Notes
	General insurance
	Gross premiums written		16,959
	Ceded insurance premiums		-893
	Change in provisions for unearned premiums		-130
	Change in reinsurers' share of provisions for unearned premiums		-46
2	Earned premiums, net of reinsurance	0	15,890

3	Technical interest, net of reinsurance		501

	Claims paid		-11,336
	Reinsurance recoveries		495
	Change in provisions for claims		161
	Change in the reinsurers' share of provisions for claims		6
4	Claims incurred, net of reinsurance	0	-10,674

	Bonus and premium rebates		-223

	Acquisition costs		-1,821
	Administrative expenses		-948
	Acquisition costs and administrative expenses		-2,769
	Commission and profit commission from the reinsurers		95
5	Total insurance operating expenses, net of reinsurance		-2,674

6	Technical result	0	2,820

	Investment activities
16	Income from associates		1
	Income from investment properties		116
7	Interest income and dividends, etc.		1,382
8	Value adjustment		415
7	Interest expenses		-88
	Investment management charges		-86
	Total return on investment activities	0	1,740

3	Interest on insurance provisions		-1,400

	Total return on investment activities after technical interest	0	340

	Other income		121
	Other expenses		-172

	Profit/loss before tax	0	3,109
9	Tax		-842

	Profit/loss on continuing business	0	2,267

10	Profit/loss on discontinued and divested business		-1

	Profit/loss for the year	0	2,266


28	Earnings per share - continuing business of DKK 25		33.5
	Earnings per share of DKK 25		33.5