Glossary

NBV

The present value of profits in future years that can be generated from new policies concluded in the current financial year.

Net earned premiums

The portion of premiums written that is allocated to the reported financial year.

New Business Value

The present value of profits in future years that can be generated from new policies concluded in the current financial year.

Non-life

Non-life insurance includes the property and casualty insurance and health insurance segments.

Nordics

Nordics includes the countries of Denmark, Norway, Sweden and Finland. VIG Holding is represented by its own branches in Denmark, Norway and Sweden. The EU freedom to provide services allows customers to also be served in Finland. Note that differences may exist between this definition and the definition of Nordics or Northern Europe used by other companies, financial institutions (e.g. IMF, OECD, WIFO, IHS), etc.