Statistics Norway - home page

Life and non-life insurance companies, 1. quarter 2003
1 Life insurance companies. Profit and loss account. NOK Million
31.03.2002 30.06.2002* 30.09.2002* 31.12.2002* 31.03.2003*
Earned premiums, net of reinsurance 15 857 22 318 37 243 47 371 14 715
Gross premiums written 11 817 17 846 31 015 39 222 11 863
- Reinsurers share of gross premiums written -232 -565 -1 376 -1 837 -244
- Reinsurers share of investment income -185 -372 -579 -294 -177
Transfer of premiumreserve from other companies 4 456 5 409 8 183 10 281 3 273
     
Claims incurred, net of reinsurance 10 127 15 589 22 142 28 688 8 928
Gross claim payment 5 971 10 619 16 009 21 426 5 554
Reinsurers share of gross claim payments -370 -582 -726 -1 131 -330
Net change in the provision for outstanding claims 25 77 132 278 42
Transfer of premiumreserve etc. to other companies 4 501 5 476 6 728 8 114 3 662
     
Net change in technical provisions 9 060 10 191 19 940 20 709 9 242
Premiumreserve 8 318 10 744 21 060 25 493 7 899
Not allocated technical provisions 89 3 3 1 134
Other technical provisions 653 -556 -1 123 -4 785 1 208
     
Investment income (+)/charges (-) 4 874 9 760 14 452 19 146 4 856
Interest income 4 828 9 264 13 971 19 002 5 187
Bonds and certificates 3 405 6 648 10 277 14 473 4 014
Other assets 1 423 2 617 3 694 4 529 1 174
Interest charges 322 732 1 034 1 624 635
Share dividend etc. 367 1 227 1 514 1 768 303
     
Gains/losses, value (re-)adjustments on financial assets -570 -14 196 -21 121 -18 846 -196
Gains (+)/losses (-) -1 004 -2 254 -6 354 -12 882 -293
Shares, participations and primary capital certificates -1 907 -6 398 -10 393 -22 171 -1 102
Bonds and certificates -205 -372 284 458 823
Currency and financial derivatives 1 108 4 506 3 701 8 691 -39
Land and buildings . 11 54 139 25
Unrealized gains (+)/losses (-) 433 -11 975 -14 785 -5 975 7
Shares, participations and primary capital certificates 2 200 -9 744 -13 898 -7 263 -1 106
Bonds and certificates -1 014 505 1 479 1 521 984
Currency and financial derivatives -744 -2 614 -2 507 -419 128
Land and buildings -9 -122 140 185 .
Value re-adjustments (+)/adjustments (-) 0 32 19 12 90
     
Other operating income (+)/expenses (-) -435 -671 -524 -1 016 -398
Personnel costs 384 710 1 122 1 551 387
Commisions received (+)/submitted (-) -111 -197 -336 -489 -174
Operating income (+)/costs (-) from real property 682 1 353 1 954 2 581 647
Depreciations of non-financial assets 23 84 114 156 39
Value adjustments (-)/re-adjustments (+) of non-financial assets . . . -40 2
Other operating income (+)/expenses (-) -599 -1 033 -905 -1 362 -446
     
To/from revaluation reserve 155 -1 217 -1 217 -1 025 66
     
Profit/loss on ordinary activities 384 -7 352 -10 815 -1 716 741
     
Extraordinary income (+)/charges (-) -2 0 1 2 .
     
Tax 42 -518 -911 -594 10
     
Profit/loss 340 -6 834 -9 903 -1 120 731
     
Spesifications   
Balance on the technical account for life insurance 421 -7 257 -10 650 -1 477 803
,