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Life and non-life insurance companies, 2. quarter 2004
1 Life insurance companies. Profit and loss account. NOK Million
30.06.2003 30.09.2003* 31.12.2003* 31.03.2004* 30.06.2004*
Earned premiums, net of reinsurance 23 129 32 912 49 776 18 210 29 808
Gross premiums written 18 981 27 554 43 790 15 726 24 389
- Reinsurers share of gross premiums written -454 -687 -1 340 -215 -446
- Reinsurers share of investment income -356 -549 -782 -192 -364
Transfer of premiumreserve from other companies 4 958 6 593 8 109 2 891 6 228
     
Claims incurred, net of reinsurance 16 501 23 671 31 046 9 219 18 189
Gross claim payment 10 987 16 474 22 348 5 940 11 969
Reinsurers share of gross claim payments -475 -608 -741 -254 -382
Net change in the provision for outstanding claims 56 73 208 65 143
Transfer of premiumreserve etc. to other companies 5 934 7 733 9 231 3 468 6 458
     
Net change in technical provisions 16 547 24 952 41 566 14 636 22 249
Premiumreserve 11 756 17 001 29 437 10 850 16 136
Not allocated technical provisions 1 548 4 843 3 070 1 758 3 848
Other technical provisions 3 243 3 108 9 060 2 027 2 265
     
Investment income (+)/charges (-) 9 822 14 470 20 150 4 648 10 389
Interest income 10 649 13 835 19 109 5 377 8 906
Bonds and certificates 7 856 11 889 16 585 3 874 7 789
Other assets 2 793 1 945 2 524 1 502 1 117
Interest charges 1 777 600 667 1 152 283
Share dividend etc. 950 1 235 1 707 423 1 766
     
Gains/losses, value (re-)adjustments on financial assets 8 498 9 097 14 383 5 174 3 563
Gains (+)/losses (-) 503 694 3 600 1 499 2 730
Shares, participations and primary capital certificates -2 530 -2 729 -1 944 1 232 1 411
Bonds and certificates 2 066 2 475 2 868 1 131 944
Currency and financial derivatives 939 872 2 496 -824 391
Land and buildings 27 77 179 -41 -16
Unrealized gains (+)/losses (-) 7 924 8 345 11 197 3 807 975
Shares, participations and primary capital certificates 4 376 4 766 8 063 3 307 2 613
Bonds and certificates 1 347 1 039 333 147 -485
Currency and financial derivatives 2 201 2 540 2 719 353 -1 153
Land and buildings . . 83 . .
Value re-adjustments (+)/adjustments (-) 71 59 -414 -132 -142
     
Other operating income (+)/expenses (-) -745 -1 114 -2 077 -389 -860
Personnel costs 785 1 142 1 600 427 798
Commisions received (+)/submitted (-) -315 -481 -675 -184 -357
Operating income (+)/costs (-) from real property 1 329 1 971 2 640 652 1 263
Depreciations of non-financial assets 80 125 165 44 87
Value adjustments (-)/re-adjustments (+) of non-financial assets . . . . .
Other operating income (+)/expenses (-) -893 -1 337 -2 276 -386 -882
     
To/from revaluation reserve 4 158 4 918 6 745 2 725 69
     
Profit/loss on ordinary activities 3 497 1 824 2 875 1 063 2 392
     
Extraordinary income (+)/charges (-) . . . 69 25
     
Tax 125 201 358 116 199
     
Profit/loss 3 373 1 623 2 517 1 016 2 218
     
Spesifications   
Balance on the technical account for life insurance 3 669 2 037 3 569 1 115 2 505
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