annual report 2020 - Flipbook - Side 37
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2020
NOTES
Note 7 - Technical result of sickness and accident insurance
DKK mill.
Note 8 - Equipment
2020
2019
Current premiums
705
766
Transferred from provisions for insurance and investment contracts
136
Total gross premiums
841
-2
0
839
912
Change in premium provisions
Premium income, net of reinsurance
31.12.2020
31.12.2019
Accumulated cost 1 January
1
1
146
Additions brought forward as a result of changes in accounting regulations
1
-
912
Additions during the year
1
-
Accumulated cost 31 December
2
1
Accumulated depreciation 1 January
1
1
Depreciation for the year
0
0
Accumulated depreciation 31 December
1
1
Carrying amount 31 December
1
0
Claims paid
-612
-584
Change in provisions for claims outstanding
-185
-278
-86
-26
-883
-888
Bonuses and premium rebates
-17
-192
Insurance operating costs, net of reinsurance
-21
-21
Technical result
-82
-188
Change in risk margin
Claims expenses, net of reinsurance
DKK mill.
The value of operating equipment under finance leases is included at an amount of DKK 1 mill.
Note 9 - Owner-occupied property
DKK mill.
31.12.2020
31.12.2019
Revalued fair value 1 January
81
75
Additions brought forward as a result of changes in accounting regulations
15
-
Investment returns
80
237
Depreciation for the year
Investment return after return on insurance provisions
80
237
Value adjustment for the year
Technical result of accident and sickness insurance
-2
48
With a claims rate of 0.51% (0.48%), in 2020, 1,104 (1.018) claims were paid with an average indemnity of DKK
805,000 (DKK 894,000). The figures shown in brackets are the corresponding figures for 2019.
-2
0
11
6
Revalued fair value 31 December
105
81
Rate of return with fair value valuation
4.25
4.50
The value of property under finance leases is included at an amount of DKK 13.8 mill.
36