Table
Pension funds. Profitt and loss account. NOK million | 2008 | 2009 | 2010 | 2011 | 2012 |
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Earned premiums, net of reinsurance | 16 650 | 13 190 | 12 248 | 13 318 | 15 481 |
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Gross premiums written | 15 252 | 12 650 | 11 973 | 12 352 | 15 281 |
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Reinsurers share of gross premiums writtens | -29 | -28 | -18 | -24 | -22 |
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Transfer of premiumreserve from other companies | 1 427 | 568 | 294 | 989 | 221 |
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| | | | | |
Claims incurred, net of reinsurance | 6 395 | 8 956 | 7 018 | 8 391 | 8 239 |
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Gross pensions and claims payments | 4 546 | 4 818 | 5 061 | 5 495 | 5 811 |
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Reinsurance share of gross claims payments | -17 | 3 | -9 | -2 | -4 |
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Other appropriations | -138 | 38 | 47 | 80 | 55 |
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Transfers of premiumreserve etc. to other companies | 2 003 | 4 097 | 1 919 | 2 817 | 2 378 |
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| | | | | |
Net change in technical provisions | -106 | 21 989 | 19 349 | 3 953 | 20 265 |
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Premium reserve | 11 567 | 7 421 | 8 373 | 9 101 | 12 120 |
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Other technical provisions | -2 217 | 5 023 | 1 874 | 1 621 | 814 |
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To/from revaluation reserve | -10 054 | 6 378 | 6 625 | -8 472 | 5 158 |
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Means allocated insurance contracts | 597 | 3 167 | 2 477 | 1 703 | 2 173 |
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| | | | | |
Other operating income (+)/costs (-) | -44 | 40 | -148 | -156 | -189 |
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Operating income from real property | 440 | 464 | 500 | 552 | 512 |
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Other operating income | 162 | 174 | 1 | 1 | 1 |
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Personell costs | 298 | 280 | 302 | 360 | 371 |
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Commision submitted | 93 | 69 | 86 | 108 | 119 |
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Operating costs from real property | 78 | 37 | 25 | 48 | 27 |
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Other operating costs | 177 | 212 | 236 | 192 | 185 |
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| | | | | |
Investment income (+)/ charges (-) | 6 336 | 6 477 | 6 463 | 7 120 | 7 150 |
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Bonds and certificates | 4 203 | 4 065 | 3 941 | 4 293 | 4 479 |
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Interest income other assets | 868 | 487 | 574 | 551 | 593 |
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Share dividend etc. | 1 275 | 1 949 | 1 980 | 2 310 | 2 123 |
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Interest charges | 9 | 24 | 33 | 34 | 45 |
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| | | | | |
Gains/losses, Value (re-)adjustments on financial assetes | -20 915 | 14 412 | 10 165 | -7 327 | 9 119 |
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Realized gains/losses | -4 952 | 2 133 | 2 813 | 2 295 | 2 331 |
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Shares, participations and primary capital certificates | -1 913 | -1 406 | 2 724 | 1 286 | 1 107 |
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Bonds and certificates | -437 | 1 569 | 515 | 257 | 487 |
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Financial derivatives | .. | 199 | -387 | 723 | 730 |
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Land and buildings | .. | -4 | -1 | 33 | 20 |
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Other realized gains/losses | -2 602 | 1 776 | -38 | -3 | -13 |
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Net change in value | -15 963 | 12 279 | 7 352 | -9 621 | 6 788 |
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Shares, participations and primary capital certificates | -16 104 | 11 818 | 6 595 | -9 264 | 5 404 |
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Bonds and certificates | 1 425 | -864 | 146 | 68 | 760 |
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Financial derivatives | .. | 399 | -40 | 90 | 168 |
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Land and buildings | -315 | 31 | 19 | 107 | 71 |
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Other value re-adjustments (+)/adjustments (-) | -969 | 895 | 632 | -622 | 386 |
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| | | | | |
Profitt/loss on ordinary activities | -4 261 | 3 174 | 2 361 | 611 | 3 058 |
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| | | | | |
Other results components | -40 | -28 | 6 | 1 | 0 |
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| | | | | |
Tax | 143 | 37 | 29 | 62 | 104 |
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| | | | | |
Profitt/loss | -4 364 | 3 164 | 2 326 | 549 | 2 954 |
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| | | | | |
Specifications | | | | | |
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Balance on the technical account for pension funds | -3 310 | 1 477 | 794 | 709 | 1 609 |
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Value-adjusted profitt/loss | -14 840 | 16 362 | 12 751 | -5 203 | 10 280 |
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