Statistics Norway - home page

Life and non-life insurance companies, 2. quarter 2003
1 Life insurance companies. Profit and loss account. NOK Million
30.06.2002 30.09.2002* 31.12.2002* 31.03.2003* 30.06.2003*
Earned premiums, net of reinsurance 22 318 37 243 47 371 14 715 23 129
Gross premiums written 17 846 31 015 39 222 11 863 18 981
- Reinsurers share of gross premiums written -565 -1 376 -1 837 -244 -454
- Reinsurers share of investment income -372 -579 -294 -177 -356
Transfer of premiumreserve from other companies 5 409 8 183 10 281 3 273 4 958
     
Claims incurred, net of reinsurance 15 589 22 142 28 688 8 928 16 501
Gross claim payment 10 619 16 009 21 426 5 554 10 987
Reinsurers share of gross claim payments -582 -726 -1 131 -330 -475
Net change in the provision for outstanding claims 77 132 278 42 56
Transfer of premiumreserve etc. to other companies 5 476 6 728 8 114 3 662 5 934
     
Net change in technical provisions 10 191 19 940 20 709 9 242 16 547
Premiumreserve 10 744 21 060 25 493 7 899 11 756
Not allocated technical provisions 3 3 1 134 1 548
Other technical provisions -556 -1 123 -4 785 1 208 3 243
     
Investment income (+)/charges (-) 9 760 14 452 19 146 4 856 9 822
Interest income 9 264 13 971 19 002 5 187 10 649
Bonds and certificates 6 648 10 277 14 473 4 014 7 856
Other assets 2 617 3 694 4 529 1 174 2 793
Interest charges 732 1 034 1 624 635 1 777
Share dividend etc. 1 227 1 514 1 768 303 950
     
Gains/losses, value (re-)adjustments on financial assets -14 196 -21 121 -18 846 -196 8 498
Gains (+)/losses (-) -2 254 -6 354 -12 882 -293 503
Shares, participations and primary capital certificates -6 398 -10 393 -22 171 -1 102 -2 530
Bonds and certificates -372 284 458 823 2 066
Currency and financial derivatives 4 506 3 701 8 691 -39 939
Land and buildings 11 54 139 25 27
Unrealized gains (+)/losses (-) -11 975 -14 785 -5 975 7 7 924
Shares, participations and primary capital certificates -9 744 -13 898 -7 263 -1 106 4 376
Bonds and certificates 505 1 479 1 521 984 1 347
Currency and financial derivatives -2 614 -2 507 -419 128 2 201
Land and buildings -122 140 185 . .
Value re-adjustments (+)/adjustments (-) 32 19 12 90 71
     
Other operating income (+)/expenses (-) -671 -524 -1 016 -398 -745
Personnel costs 710 1 122 1 551 387 785
Commisions received (+)/submitted (-) -197 -336 -489 -174 -315
Operating income (+)/costs (-) from real property 1 353 1 954 2 581 647 1 329
Depreciations of non-financial assets 84 114 156 39 80
Value adjustments (-)/re-adjustments (+) of non-financial assets . . -40 2 .
Other operating income (+)/expenses (-) -1 033 -905 -1 362 -446 -893
     
To/from revaluation reserve -1 217 -1 217 -1 025 66 4 158
     
Profit/loss on ordinary activities -7 352 -10 815 -1 716 741 3 497
     
Extraordinary income (+)/charges (-) 0 1 2 . .
     
Tax -518 -911 -594 10 125
     
Profit/loss -6 834 -9 903 -1 120 731 3 373
     
Spesifications   
Balance on the technical account for life insurance -7 257 -10 650 -1 477 803 3 667
,