Glossary
This glossary includes the most essential property and casualty insurance and life insurance terminology as well as financial statements terms used in Sampo Group. Because of different meanings in some cases in property and casualty insurance vs. life insurance, there are two different explations for some of the insurance terms.
You can move from an English word to an equivalent Finnish word by clicking the 'Suomeksi' button on the upper right hand corner of the web page.
C
Change in fair value reserve
Change in the fair value reserve in property and casualty insurance includes unrealised profit and loss (change in value) of the investment assets. Change in the fair value of financial instruments is an important element in analyzing the financial development of the life insurance business. It includes the unrealized gains or losses due to changes in the fair value of financial instruments that are classified as available-for-sale. These gains or losses are recognized on the income statement at the time they realize, i.e. when the investments are sold.