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Life and non-life insurance companies, 2nd. quarter 2008
1 Life insurance companies. Profit and loss account. NOK Million
30.06.2007 30.09.2007* 31.12.2007* 31.03.2008* 30.06.2008*
Earned premiums, net of reinsurance 37 448 61 907 78 664 25 579 38 713
Gross premiums written 31 193 53 402 68 080 18 719 29 515
- Reinsurers share of gross premiums written -143 -197 -431 -131 -286
- Reinsurers share of investment income . . . . .
Transfer of premiumreserve from other companies 6 398 8 703 11 016 6 992 9 484
     
Claims incurred, net of reinsurance 39 272 54 504 69 912 19 164 34 397
Gross claim payment 32 585 45 489 57 393 13 571 27 882
Reinsurers share of gross claim payments -21 -42 -132 15 -38
Net change in the provision for outstanding claims 190 296 473 48 84
Transfer of premiumreserve etc. to other companies 6 517 8 760 12 178 5 529 6 468
     
Net change in technical provisions 18 185 39 643 53 474 -7 078 -6 971
Premiumreserve 6 103 21 435 28 609 6 698 8 205
Not allocated technical provisions 9 914 16 610 11 921 2 021 1 032
Other technical provisions 2 168 1 598 12 943 -15 797 -16 208
     
Investment income (+)/charges (-) 11 850 17 973 23 827 6 583 13 925
Interest income 9 678 14 632 20 153 7 836 13 425
Bonds and certificates 8 042 12 025 16 366 5 654 10 155
Other assets 1 636 2 607 3 786 2 182 3 270
Interest charges 790 1 186 1 625 1 367 716
Share dividend etc. 2 962 4 527 5 298 114 1 216
     
Gains/losses, value (re-)adjustments on financial assets 18 706 21 528 24 515 -21 569 -25 525
Gains (+)/losses (-) 10 245 11 815 17 834 -507 5
Shares, participations and primary capital certificates 9 491 10 582 12 450 1 045 643
Bonds and certificates 207 178 -947 4 -441
Currency and financial derivatives -126 299 5 431 -1 608 -225
Land and buildings 672 756 900 51 29
Net change in value 1 8 287 9 456 6 558 -21 062 -25 530
Shares, participations and primary capital certificates 7 853 809 -4 713 -19 770 -18 151
Bonds and certificates -1 613 -1 049 -272 -606 -2 818
Currency and financial derivatives -1 087 -220 -3 004 -528 -3 400
Land and buildings 3 134 9 916 14 547 -157 -1 162
Value re-adjustments (+)/adjustments (-) 175 257 123 . .
     
Other operating income (+)/expenses (-) -1 066 -1 566 -3 388 -299 -1 581
Personnel costs 1 292 2 029 3 283 743 1 494
Commisions received (+)/submitted (-) -520 -763 -1 053 -162 -304
Operating income (+)/costs (-) from real property 1 721 2 621 3 431 913 1 183
Depreciations of non-financial assets 85 125 192 42 93
Value adjustments (-)/re-adjustments (+) of non-financial assets . . -63 . .
Other operating income (+)/expenses (-) -890 -1 269 -2 228 -264 -873
     
To/from revaluation reserve 3 131 -2 674 -7 200 . .
     
Profit/loss on ordinary activities 6 350 8 370 7 434 -1 790 -1 894
     
Extraordinary income (+)/charges (-) . . 4 -2 .
     
Tax -498 -708 -2 365 -13 70
     
Profit/loss 6 848 9 078 9 803 -1 779 -1 964
     
Spesifications   
Balance on the technical account for life insurance 6 230 8 311 7 595 -8 333 -7 958

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

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