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Life and non-life insurance companies, 3nd. quarter 2008
1 Life insurance companies. Profit and loss account. NOK Million
30.09.2007 31.12.2007* 31.03.2008* 30.06.2008* 30.09.2008*
Earned premiums, net of reinsurance 61 907 78 664 25 579 38 713 63 799
Gross premiums written 53 402 68 080 18 719 29 515 52 974
- Reinsurers share of gross premiums written -197 -431 -131 -286 -313
- Reinsurers share of investment income . . . . .
Transfer of premiumreserve from other companies 8 703 11 016 6 992 9 484 11 138
     
Claims incurred, net of reinsurance 54 504 69 912 19 164 34 397 50 442
Gross claim payment 45 489 57 393 13 571 27 882 42 197
Reinsurers share of gross claim payments -42 -132 15 -38 -46
Net change in the provision for outstanding claims 296 473 48 84 163
Transfer of premiumreserve etc. to other companies 8 760 12 178 5 529 6 468 8 128
     
Net change in technical provisions 39 643 53 474 -7 078 -6 971 -4 077
Premiumreserve 21 435 28 609 6 698 8 205 17 392
Not allocated technical provisions 16 610 11 921 2 021 1 032 -2 891
Other technical provisions 1 598 12 943 -15 797 -16 208 -18 578
     
Investment income (+)/charges (-) 17 973 23 827 6 583 13 925 17 944
Interest income 14 632 20 153 7 836 13 425 17 568
Bonds and certificates 12 025 16 366 5 654 10 155 14 107
Other assets 2 607 3 786 2 182 3 270 3 461
Interest charges 1 186 1 625 1 367 716 1 245
Share dividend etc. 4 527 5 298 114 1 216 1 621
     
Gains/losses, value (re-)adjustments on financial assets 21 528 24 515 -21 569 -25 525 -45 351
Gains (+)/losses (-) 11 815 17 834 -507 5 -2 200
Shares, participations and primary capital certificates 10 582 12 450 1 045 643 -1 140
Bonds and certificates 178 -947 4 -441 220
Currency and financial derivatives 299 5 431 -1 608 -225 -1 313
Land and buildings 756 900 51 29 34
Net change in value 1 9 456 6 558 -21 062 -25 530 -43 151
Shares, participations and primary capital certificates 809 -4 713 -19 770 -18 151 -37 236
Bonds and certificates -1 049 -272 -606 -2 818 -791
Currency and financial derivatives -220 -3 004 -528 -3 400 -3 593
Land and buildings 9 916 14 547 -157 -1 162 -1 532
Value re-adjustments (+)/adjustments (-) 257 123 . . .
     
Other operating income (+)/expenses (-) -1 566 -3 388 -299 -1 581 -2 028
Personnel costs 2 029 3 283 743 1 494 2 190
Commisions received (+)/submitted (-) -763 -1 053 -162 -304 -425
Operating income (+)/costs (-) from real property 2 621 3 431 913 1 183 2 041
Depreciations of non-financial assets 125 192 42 93 144
Value adjustments (-)/re-adjustments (+) of non-financial assets . -63 . . .
Other operating income (+)/expenses (-) -1 269 -2 228 -264 -873 -1 309
     
To/from revaluation reserve -2 674 -7 200 . . .
     
Profit/loss on ordinary activities 8 370 7 434 -1 790 -1 894 -12 001
     
Extraordinary income (+)/charges (-) . 4 -2 . .
     
Tax -708 -2 365 -13 70 -71
     
Profit/loss 9 078 9 803 -1 779 -1 964 -11 930
     
Spesifications   
Balance on the technical account for life insurance 8 311 7 595 -8 333 -7 958 -14 597

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

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