Table
Pension funds. Profitt and loss account. NOK million | 2009 | 2010 | 2011 | 2012 | 2013 |
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Earned premiums, net of reinsurance | 13 190 | 12 248 | 13 318 | 15 481 | 14 923 |
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Gross premiums written | 12 650 | 11 973 | 12 352 | 15 281 | 13 733 |
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Reinsurers share of gross premiums writtens | -28 | -18 | -24 | -22 | -24 |
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Transfer of premiumreserve from other companies | 568 | 294 | 989 | 221 | 1 213 |
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| | | | | |
Claims incurred, net of reinsurance | 8 956 | 7 021 | 8 391 | 8 239 | 7 549 |
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Gross pensions and claims payments | 4 818 | 5 061 | 5 495 | 5 811 | 6 291 |
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Reinsurance share of gross claims payments | 3 | -9 | -2 | -4 | -8 |
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Other appropriations | 38 | 50 | 80 | 55 | 99 |
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Transfers of premiumreserve etc. to other companies | 4 097 | 1 919 | 2 817 | 2 378 | 1 167 |
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| | | | | |
Net change in technical provisions | 21 989 | 19 346 | 3 953 | 20 265 | 28 937 |
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Premium reserve | 7 421 | 8 373 | 9 101 | 12 120 | 14 307 |
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Other technical provisions | 5 023 | 1 851 | 1 621 | 814 | 723 |
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To/from revaluation reserve | 6 378 | 6 645 | -8 472 | 5 158 | 12 163 |
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Means allocated insurance contracts | 3 167 | 2 477 | 1 703 | 2 173 | 1 743 |
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| | | | | |
Other operating income (+)/costs (-) | 40 | -148 | -156 | -189 | -309 |
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Operating income from real property | 464 | 500 | 552 | 512 | 485 |
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Other operating income | 174 | 1 | 1 | 13 | 5 |
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Personell costs | 280 | 302 | 360 | 371 | 418 |
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Commision submitted | 69 | 86 | 108 | 119 | 136 |
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Operating costs from real property | 37 | 25 | 48 | 27 | 32 |
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Other operating costs | 212 | 236 | 192 | 198 | 212 |
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| | | | | |
Investment income (+)/ charges (-) | 6 477 | 6 463 | 7 120 | 7 150 | 7 166 |
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Bonds and certificates | 4 065 | 3 941 | 4 293 | 4 479 | 4 454 |
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Interest income other assets | 487 | 574 | 551 | 593 | 624 |
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Share dividend etc. | 1 949 | 1 980 | 2 310 | 2 123 | 2 110 |
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Interest charges | 24 | 33 | 34 | 45 | 22 |
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| | | | | |
Gains/losses, Value (re-)adjustments on financial assetes | 14 412 | 10 165 | -7 327 | 9 119 | 16 941 |
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Realized gains/losses | 2 133 | 2 813 | 2 295 | 2 331 | 2 588 |
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Shares, participations and primary capital certificates | -1 406 | 2 724 | 1 286 | 1 107 | 3 708 |
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Bonds and certificates | 1 569 | 515 | 257 | 487 | 641 |
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Financial derivatives | 199 | -387 | 723 | 730 | -1 769 |
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Land and buildings | -4 | -1 | 33 | 20 | 65 |
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Other realized gains/losses | 1 776 | -38 | -3 | -13 | -57 |
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Net change in value | 12 279 | 7 352 | -9 621 | 6 788 | 14 353 |
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Shares, participations and primary capital certificates | 11 818 | 6 595 | -9 264 | 5 404 | 14 295 |
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Bonds and certificates | -864 | 146 | 68 | 760 | 577 |
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Financial derivatives | 399 | -40 | 90 | 168 | -205 |
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Land and buildings | 31 | 19 | 107 | 71 | 48 |
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Other value re-adjustments (+)/adjustments (-) | 895 | 632 | -622 | 386 | -362 |
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| | | | | |
Profitt/loss on ordinary activities | 3 174 | 2 361 | 611 | 3 058 | 2 234 |
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| | | | | |
Other results components | -28 | 6 | 1 | 0 | 6 |
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| | | | | |
Tax | 37 | 29 | 62 | 104 | 48 |
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| | | | | |
Profitt/loss | 3 164 | 2 326 | 549 | 2 954 | 2 180 |
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| | | | | |
Specifications | | | | | |
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Balance on the technical account for pension funds | 1 477 | 794 | 709 | 1 609 | -117 |
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Value-adjusted profitt/loss | 16 362 | 12 771 | -5 203 | 10 280 | 16 173 |
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