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Life and non-life insurance companies, 1th. quarter 2008
1 Life insurance companies. Profit and loss account. NOK Million
31.03.2007 30.06.2007* 30.09.2007* 31.12.2007* 31.03.2008*
Earned premiums, net of reinsurance 22 027 37 448 61 907 78 664 25 579
Gross premiums written 18 021 31 193 53 402 68 080 18 719
- Reinsurers share of gross premiums written -97 -143 -197 -431 -131
- Reinsurers share of investment income . . . . .
Transfer of premiumreserve from other companies 4 103 6 398 8 703 11 016 6 992
     
Claims incurred, net of reinsurance 20 025 39 272 54 504 69 912 19 164
Gross claim payment 15 875 32 585 45 489 57 393 13 571
Reinsurers share of gross claim payments 3 -21 -42 -132 15
Net change in the provision for outstanding claims 86 190 296 473 48
Transfer of premiumreserve etc. to other companies 4 061 6 517 8 760 12 178 5 529
     
Net change in technical provisions 9 072 18 185 39 643 53 474 -7 078
Premiumreserve 5 689 6 103 21 435 28 609 6 698
Not allocated technical provisions 2 768 9 914 16 610 11 921 2 021
Other technical provisions 615 2 168 1 598 12 943 -15 797
     
Investment income (+)/charges (-) 5 360 11 850 17 973 23 827 6 583
Interest income 5 052 9 678 14 632 20 153 7 836
Bonds and certificates 4 225 8 042 12 025 16 366 5 654
Other assets 827 1 636 2 607 3 786 2 182
Interest charges 442 790 1 186 1 625 1 367
Share dividend etc. 751 2 962 4 527 5 298 114
     
Gains/losses, value (re-)adjustments on financial assets 4 158 18 706 21 528 24 515 -21 856
Gains (+)/losses (-) 3 459 10 245 11 815 17 834 -507
Shares, participations and primary capital certificates 3 014 9 491 10 582 12 450 1 045
Bonds and certificates 138 207 178 -947 4
Currency and financial derivatives 79 -126 299 5 431 -1 608
Land and buildings 229 672 756 900 51
Net change in value 1 674 8 287 9 456 6 558 -21 349
Shares, participations and primary capital certificates 1 431 7 853 809 -4 713 -20 230
Bonds and certificates -216 -1 613 -1 049 -272 -606
Currency and financial derivatives -1 210 -1 087 -220 -3 004 -528
Land and buildings 668 3 134 9 916 14 547 15
Value re-adjustments (+)/adjustments (-) 25 175 257 123 .
     
Other operating income (+)/expenses (-) -563 -1 066 -1 566 -3 388 -11
Personnel costs 660 1 292 2 029 3 283 743
Commisions received (+)/submitted (-) -267 -520 -763 -1 053 -162
Operating income (+)/costs (-) from real property 866 1 721 2 621 3 431 1 200
Depreciations of non-financial assets 36 85 125 192 42
Value adjustments (-)/re-adjustments (+) of non-financial assets . . . -63 .
Other operating income (+)/expenses (-) -467 -890 -1 269 -2 228 -264
     
To/from revaluation reserve 175 3 131 -2 674 -7 200 .
     
Profit/loss on ordinary activities 1 710 6 350 8 370 7 434 -1 790
     
Extraordinary income (+)/charges (-) . . . 4 -2
     
Tax -46 -498 -708 -2 365 -13
     
Profit/loss 1 756 6 848 9 078 9 803 -1 779
     
Spesifications   
Balance on the technical account for life insurance 1 708 6 230 8 311 7 595 -2 274

1Before 2008 the variable was called Unrealized gains (+)/losses (-)

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