LOCALTAPIOLA: Annual Results 2015
Press Release – Helsinki, 19 February 2016
LocalTapiola Group improved its result
- LocalTapiola Groupâ€™s operating profit in the non-life insurance business increased to EUR 252.0 million (EUR 151.1 million). The overall result in the non-life insurance business increased to EUR 215.4 million (EUR 159.9 million). The combined ratio of the non-life insurance business was 96.3 per cent (100.3 per cent). Return on investment at fair value was 4.2 per cent (4.2 per cent). The non-life insurance business comprises the combined result of LocalTapiola General and the 20 regional companies.
- LocalTapiola General’s operating profit rose to EUR 181 million (EUR 72.3 million) and its overall result was EUR 150.3 million (EUR 61.5 million).
- LocalTapiola Life’s operating profit rose to EUR 98.9 million (EUR 85.6 million) and its overall result was EUR 51.7 million (EUR 79.1 million). Investment income was 4.8 per cent (5.3 per cent).