Deferred acquisition expenses | 31 December 2022 | 31 December 2021 |
---|---|---|
Short-term | 1,583 | 1,414 |
Long-term | 179 | 159 |
Total deferred acquisition expenses | 1,762 | 1,573 |
Movement in deferred acquisition expenses | 1 January – 31 December 2022 |
1 January – 31 December 2021 |
---|---|---|
Net value at the beginning of the period | 1,573 | 1,550 |
Non-life insurance | 1,438 | 1,423 |
Life insurance | 135 | 127 |
Acquisition expenses pertaining to future periods | 2,322 | 1,898 |
Amortization for the period recognized in financial result | (2,124) | (1,854) |
Impairment losses in the period | (14) | (21) |
Other changes | 5 | – |
Net value at the end of the period | 1,762 | 1,573 |
Non-life insurance | 1,621 | 1,438 |
Life insurance | 141 | 135 |