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Life and non-life insurance companies, 4th quarter 2008
1 Life insurance companies. Profit and loss account. NOK Million
31.12.2007 31.03.2008* 30.06.2008* 30.09.2008* 31.12.2008*
Earned premiums, net of reinsurance 79 105 25 579 38 713 63 799 79 782
Gross premiums written 68 503 18 719 29 515 52 974 68 056
- Reinsurers share of gross premiums written -439 -131 -286 -313 -624
- Reinsurers share of investment income . . . . .
Transfer of premiumreserve from other companies 11 041 6 992 9 484 11 138 12 351
     
Claims incurred, net of reinsurance 70 193 19 164 34 397 50 442 65 640
Gross claim payment 57 642 13 571 27 882 42 197 55 538
Reinsurers share of gross claim payments -124 15 -38 -46 -312
Net change in the provision for outstanding claims 458 48 84 163 790
Transfer of premiumreserve etc. to other companies 12 218 5 529 6 468 8 128 9 623
     
Net change in technical provisions 55 913 -7 078 -6 971 -4 077 -10 784
Premiumreserve 29 212 6 698 8 205 17 392 15 218
Not allocated technical provisions 13 726 2 021 1 032 -2 891 2 693
Other technical provisions 12 975 -15 797 -16 208 -18 578 -28 695
     
Investment income (+)/charges (-) 23 873 7 521 14 045 19 343 27 452
Interest income 20 175 7 870 13 576 19 005 25 308
Bonds and certificates 16 391 5 654 10 155 14 107 17 759
Other assets 3 784 2 216 3 421 4 897 7 548
Interest charges 1 735 463 747 1 283 1 769
Share dividend etc. 5 433 114 1 216 1 621 3 913
     
Gains/losses, value (re-)adjustments on financial assets 24 180 -22 506 -25 645 -46 750 -50 574
Gains (+)/losses (-) 20 374 -507 5 -2 200 -13 687
Shares, participations and primary capital certificates 15 209 1 045 643 -1 140 -11 979
Bonds and certificates -884 4 -441 220 260
Currency and financial derivatives 5 383 -1 608 -225 -1 313 -1 947
Land and buildings 666 51 29 34 -22
Net change in value 1 3 683 -21 999 -25 650 -44 550 -36 886
Shares, participations and primary capital certificates -4 020 -19 770 -18 151 -37 236 -35 198
Bonds and certificates -1 141 -606 -2 818 -791 11 010
Currency and financial derivatives -2 763 -1 465 -3 520 -4 992 -10 126
Land and buildings 11 607 -157 -1 162 -1 532 -2 573
Value re-adjustments (+)/adjustments (-) 123 . . . .
     
Other operating income (+)/expenses (-) -3 214 -299 -1 581 -2 028 -3 950
Personnel costs 3 334 743 1 494 2 190 2 987
Commisions received (+)/submitted (-) -1 072 -162 -304 -425 -650
Operating income (+)/costs (-) from real property 3 424 913 1 183 2 041 2 349
Depreciations of non-financial assets 191 42 93 144 619
Value adjustments (-)/re-adjustments (+) of non-financial assets -67 . . . 0
Other operating income (+)/expenses (-) -1 974 -264 -873 -1 309 -2 042
     
To/from revaluation reserve -7 200 -15 503 -15 996 -17 739 -17 492
     
Profit/loss on ordinary activities 5 037 -1 790 -1 894 -12 001 -2 145
     
Extraordinary income (+)/charges (-) 4 -2 . . 44
     
Tax -2 284 -13 70 -71 529
     
Profit/loss 7 317 -1 775 -1 964 -11 930 -2 718
     
Spesifications   
Balance on the technical account for life insurance 5 563 -8 285 -7 958 -14 597 -9 714

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

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