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Life and non-life insurance companies, 1. quarter 2004
1 Life insurance companies. Profit and loss account. NOK Million
31.03.2003 30.06.2003* 30.09.2003* 31.12.2003* 31.03.2004*
Earned premiums, net of reinsurance 14 715 23 129 32 912 49 776 17 984
Gross premiums written 11 863 18 981 27 554 43 790 15 531
- Reinsurers share of gross premiums written -244 -454 -687 -1 340 -208
- Reinsurers share of investment income -177 -356 -549 -782 -192
Transfer of premiumreserve from other companies 3 273 4 958 6 593 8 109 2 854
     
Claims incurred, net of reinsurance 8 928 16 501 23 671 31 046 9 158
Gross claim payment 5 554 10 987 16 474 22 348 5 888
Reinsurers share of gross claim payments -330 -475 -608 -741 -248
Net change in the provision for outstanding claims 42 56 73 208 54
Transfer of premiumreserve etc. to other companies 3 662 5 934 7 733 9 231 3 464
     
Net change in technical provisions 9 249 16 547 24 952 41 566 14 767
Premiumreserve 7 899 11 756 17 001 29 437 10 799
Not allocated technical provisions 151 1 548 4 843 3 070 1 758
Other technical provisions 1 199 3 243 3 108 9 060 2 210
     
Investment income (+)/charges (-) 4 856 9 822 14 470 20 150 4 648
Interest income 5 187 10 649 13 835 19 109 5 376
Bonds and certificates 4 014 7 856 11 889 16 585 3 874
Other assets 1 174 2 793 1 945 2 524 1 502
Interest charges 635 1 777 600 667 1 152
Share dividend etc. 303 950 1 235 1 707 423
     
Gains/losses, value (re-)adjustments on financial assets -171 8 498 9 097 14 383 5 445
Gains (+)/losses (-) -293 503 694 3 600 1 762
Shares, participations and primary capital certificates -1 102 -2 530 -2 729 -1 944 1 496
Bonds and certificates 823 2 066 2 475 2 868 1 131
Currency and financial derivatives -39 939 872 2 496 -824
Land and buildings 25 27 77 179 -41
Unrealized gains (+)/losses (-) 32 7 924 8 345 11 197 3 815
Shares, participations and primary capital certificates -1 106 4 376 4 766 8 063 3 315
Bonds and certificates 984 1 347 1 039 333 147
Currency and financial derivatives 128 2 201 2 540 2 719 353
Land and buildings 25 . . 83 .
Value re-adjustments (+)/adjustments (-) 90 71 59 -414 -132
     
Other operating income (+)/expenses (-) -398 -745 -1 114 -2 077 -360
Personnel costs 387 785 1 142 1 600 420
Commisions received (+)/submitted (-) -174 -315 -481 -675 -172
Operating income (+)/costs (-) from real property 647 1 329 1 971 2 640 652
Depreciations of non-financial assets 39 80 125 165 44
Value adjustments (-)/re-adjustments (+) of non-financial assets 2 . . . .
Other operating income (+)/expenses (-) -446 -893 -1 337 -2 276 -377
     
To/from revaluation reserve 66 4 158 4 918 6 745 2 725
     
Profit/loss on ordinary activities 759 3 497 1 824 2 875 1 066
     
Extraordinary income (+)/charges (-) . . . . 69
     
Tax 9 125 201 358 116
     
Profit/loss 750 3 373 1 623 2 517 1 019
     
Spesifications   
Balance on the technical account for life insurance 822 3 669 2 037 3 569 1 129
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