Statistics Norway - home page

Life and non-life insurance companies, 2003
1 Life insurance companies. Profit and loss account. NOK Million
31.12.2002 31.03.2003* 30.06.2003* 30.09.2003* 31.12.2003*
Earned premiums, net of reinsurance 47 371 14 715 23 129 32 912 46 253
Gross premiums written 39 222 11 863 18 981 27 554 41 514
- Reinsurers share of gross premiums written -1 837 -244 -454 -687 -1 337
- Reinsurers share of investment income -294 -177 -356 -549 -782
Transfer of premiumreserve from other companies 10 281 3 273 4 958 6 593 6 858
     
Claims incurred, net of reinsurance 28 688 8 928 16 501 23 671 30 158
Gross claim payment 21 426 5 554 10 987 16 474 21 817
Reinsurers share of gross claim payments -1 131 -330 -475 -608 -739
Net change in the provision for outstanding claims 278 42 56 73 188
Transfer of premiumreserve etc. to other companies 8 114 3 662 5 934 7 733 8 893
     
Net change in technical provisions 20 709 9 249 16 547 24 952 38 351
Premiumreserve 25 493 7 899 11 756 17 001 29 467
Not allocated technical provisions 1 151 1 548 4 843 3 029
Other technical provisions -4 785 1 199 3 243 3 108 5 855
     
Investment income (+)/charges (-) 19 146 4 856 9 822 14 470 20 128
Interest income 19 002 5 187 10 649 13 835 19 082
Bonds and certificates 14 473 4 014 7 856 11 889 16 585
Other assets 4 529 1 174 2 793 1 945 2 497
Interest charges 1 624 635 1 777 600 661
Share dividend etc. 1 768 303 950 1 235 1 707
     
Gains/losses, value (re-)adjustments on financial assets -18 846 -171 8 498 9 097 13 612
Gains (+)/losses (-) -12 882 -293 503 694 3 725
Shares, participations and primary capital certificates -22 171 -1 102 -2 530 -2 729 -1 798
Bonds and certificates 458 823 2 066 2 475 2 895
Currency and financial derivatives 8 691 -39 939 872 2 449
Land and buildings 139 25 27 77 179
Unrealized gains (+)/losses (-) -5 975 32 7 924 8 345 10 301
Shares, participations and primary capital certificates -7 263 -1 106 4 376 4 766 7 611
Bonds and certificates 1 521 984 1 347 1 039 333
Currency and financial derivatives -419 128 2 201 2 540 2 374
Land and buildings 185 25 . . -17
Value re-adjustments (+)/adjustments (-) 12 90 71 59 -414
     
Other operating income (+)/expenses (-) -1 016 -398 -745 -1 114 -1 838
Personnel costs 1 551 387 785 1 142 1 538
Commisions received (+)/submitted (-) -489 -174 -315 -481 -644
Operating income (+)/costs (-) from real property 2 581 647 1 329 1 971 2 640
Depreciations of non-financial assets 156 39 80 125 139
Value adjustments (-)/re-adjustments (+) of non-financial assets -40 2 . . .
Other operating income (+)/expenses (-) -1 362 -446 -893 -1 337 -2 158
     
To/from revaluation reserve -1 025 66 4 158 4 918 6 745
     
Profit/loss on ordinary activities -1 716 759 3 497 1 824 2 900
     
Extraordinary income (+)/charges (-) 2 . . . .
     
Tax -594 9 125 201 342
     
Profit/loss -1 120 750 3 373 1 623 2 558
     
Spesifications   
Balance on the technical account for life insurance -1 477 821 3 667 2 034 2 992
,