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Life and non-life insurance companies, 4. quarter 2004
1 Life insurance companies. Profit and loss account. NOK Million
31.12.2003 31.03.2004* 30.06.2004* 30.09.2004* 31.12.2004*
Earned premiums, net of reinsurance 49 776 18 210 29 808 45 020 61 790
Gross premiums written 43 790 15 726 24 389 38 844 53 878
- Reinsurers share of gross premiums written -1 340 -215 -446 -1 217 -1 020
- Reinsurers share of investment income -782 -192 -364 -609 -712
Transfer of premiumreserve from other companies 8 109 2 891 6 228 8 003 9 644
     
Claims incurred, net of reinsurance 31 046 9 219 18 189 25 783 34 351
Gross claim payment 22 348 5 940 11 969 18 111 24 705
Reinsurers share of gross claim payments -741 -254 -382 -608 -436
Net change in the provision for outstanding claims 208 65 143 243 226
Transfer of premiumreserve etc. to other companies 9 231 3 468 6 458 8 038 9 855
     
Net change in technical provisions 41 566 14 636 22 249 34 403 47 720
Premiumreserve 29 437 10 850 16 136 26 805 38 322
Not allocated technical provisions 3 070 1 758 3 848 4 530 4 156
Other technical provisions 9 060 2 027 2 265 3 068 5 241
     
Investment income (+)/charges (-) 20 150 4 648 10 389 14 847 20 041
Interest income 19 109 5 377 8 906 13 082 17 957
Bonds and certificates 16 585 3 874 7 789 11 649 15 668
Other assets 2 524 1 502 1 117 1 433 2 289
Interest charges 667 1 152 283 429 609
Share dividend etc. 1 707 423 1 766 2 193 2 694
     
Gains/losses, value (re-)adjustments on financial assets 14 383 5 174 3 563 5 242 11 113
Gains (+)/losses (-) 3 600 1 499 2 730 4 040 6 694
Shares, participations and primary capital certificates -1 944 1 232 1 411 2 558 4 408
Bonds and certificates 2 868 1 131 944 6 396 2 252
Currency and financial derivatives 2 496 -824 391 -4 897 51
Land and buildings 179 -41 -16 -16 -17
Unrealized gains (+)/losses (-) 11 197 3 807 975 1 392 4 542
Shares, participations and primary capital certificates 8 063 3 307 2 613 2 358 4 001
Bonds and certificates 333 147 -485 88 368
Currency and financial derivatives 2 719 353 -1 153 -1 054 -284
Land and buildings 83 . . . 456
Value re-adjustments (+)/adjustments (-) -414 -132 -142 -190 -123
     
Other operating income (+)/expenses (-) -2 077 -389 -860 -1 204 -2 152
Personnel costs 1 600 427 798 1 185 1 712
Commisions received (+)/submitted (-) -675 -184 -357 -554 -907
Operating income (+)/costs (-) from real property 2 640 652 1 263 1 906 2 616
Depreciations of non-financial assets 165 44 87 130 186
Value adjustments (-)/re-adjustments (+) of non-financial assets . . . . .
Other operating income (+)/expenses (-) -2 276 -386 -882 -1 241 -1 963
     
To/from revaluation reserve 6 745 2 725 69 80 3 488
     
Profit/loss on ordinary activities 2 875 1 063 2 392 3 639 5 235
     
Extraordinary income (+)/charges (-) . 69 25 25 25
     
Tax 358 116 199 281 36
     
Profit/loss 2 517 1 016 2 218 3 383 5 223
     
Spesifications   
Balance on the technical account for life insurance 3 569 1 115 2 505 3 799 5 465
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