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.
E
Expense ratio
In property and casualty insurance expense ratio is a ratio between operating expenses and premiums earned expressed as a percentage.
Calculation formula for expense ratio in P&C insurance: 
In life insurance expense ratio means expenses divided by loading income. Expense ratio measures the effectiviness of life insurance activities.
Calculation formula for expense ratio in life insurance: