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2010-09-30 14:10:00 CEST 2010-09-30 14:11:06 CEST REGULATED INFORMATION Pohjola Pankki Oyj - Company AnnouncementAddition to Stock Exchange Release: Pohjola Insurance Ltd and Pohjantähti Mutual Insurance Company Are Planning to MergePohjola Bank plc COMPANY RELEASE, Release Category: Stock Exchange Release 30 September 2010, at 3.10 pm Addition to Stock Exchange Release: Pohjola Insurance Ltd and Pohjantähti Mutual Insurance Company Are Planning to Merge At 8.30 am on 29 September, Pohjola Bank plc (Pohjola) announced that Pohjola Insurance Ltd and Pohjantähti Mutual Insurance Company (Pohjantähti) are planning to merge. Pohjola supplements the release with Pohjantähti's financial information as shown in the table below. Pohjantähti Group key figures and ratios MEUR 2007 2008 2009 --------------------------------------------------------------------------- Insurance premium revenue 68.1 69.6 72.3 Balance on technical account 4.6 5.8 7.3 Profit/loss for the financial year 1.3 -4.8 6.7 Combined ratios** excl. unwinding of discount 93.2% 91.7% 89.8% Solvency ratio 42.6% 36.6% 51.5% Net investment return on capital invested (at fair value) 3.5 % -6.9% 6.2% Total assets 31 Dec. 118.1 121.4 136.6 * Balance on technical account = insurance business operating result **Combined ratio = ratio of claims incurred and operating expenses to insurance premium revenue Pohjola Bank plc Carina Geber-Teir Chief Communications Officer For further information, please contact: Jouko Pölönen, CFO, Pohjola, tel. +358 (0)10 252 3405 Petri Suni, Managing Director, Pohjantähti, tel. +358 (0)20 763 4069 JAKELU NASDAQ OMX Helsinki London Stock Exchange Major media pohjola.fi, op.fi [HUG#1447959] |
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