Life insurance companies. Balance sheet by financial instrument . 31 December. NOK Million

Life and non-life insurance companies, 2008

2 Life insurance companies. Balance sheet by financial instrument¹. 31 December. NOK Million
	2004	2005	2006	2007	2008*


Assets

Intangible assets	530	783	956	1 310	788
Goodwill	3	1	0	.	.
Deferred tax asset	174	276	252	487	14
Other intangible assets	353	505	704	823	774

Tangible fixed assets	17 307	17 727	15 055	20 941	6 403
Land and buildings²	17 128	17 579	14 884	20 815	6 261
Machinery, equipment and vehicles	178	148	171	125	142

Capital assets³	176 911	177 523	241 240	264 810	646 200
Investments in subsiduaries	34 748	41 997	54 272	75 975	82 213
Shares i ltd. and gen. partnerships	0	.	2	61	6 556
Shares	1 917	1 800	3 154	3 081	28 054
Primary capital certificates	.	.	0	.	1
Shares in securities funds	15	13	11	11	120 263
Bonds	165 405	162 332	183 801	185 680	351 719
Other capital assets	0	1	0	2	5 155

Short-term investments³	262 943	327 122	359 266	371 188	..
Shares	61 388	81 307	97 412	84 860	..
Primary capital certificates	23	60	1	0	..
Shares in securities funds	61 630	81 211	116 461	158 816	..
Bonds	104 375	124 953	127 174	106 999	..
Certificates	33 927	38 325	16 695	17 999	37 382
Financial derivatives	1 481	-121	308	1 693	14 858
Other short-term investments	120	1 388	887	774	..

Loans utilizied	18 957	18 767	20 173	28 068	46 692
Gross loans	18 964	18 770	20 174	28 068	46 692
Specified provisions on loans	-7	-2	-1	.	.

Unspecified provisions on loans	-7	-4	.	.	.

Other claims	15 289	12 803	16 634	20 687	7 933
Earned not yet paid revenues	7 448	7 605	7 737	7 555	217
Prepaid expenses	681	226	469	226	64
Insurance claims	5 392	2 145	3 308	3 682	3 634
Deposits with ceding undertakings	.	.	.	.	418
Other claims	1 767	2 826	5 119	9 225	3 599

Cash and bank deposits	19 963	25 803	25 337	35 166	32 323
The Central Bank of Norway	0	0	0	0	.
Banks	16 955	20 714	16 724	29 410	25 073
Foreign banks	3 008	5 089	8 613	5 756	7 250

Total assets	537 067	609 145	678 663	742 171	740 340

Liabilities and equity capital

Equity capital	20 553	22 579	25 400	39 092	40 659
Deposit capital	10 375	11 158	12 451	22 081	24 531
Share capital	4 740	4 749	4 535	5 200	6 869
Primary capital	.	.	.	.	.
Share premiumreserve	2 814	2 823	3 543	12 221	12 613
Other deposit capital	2 821	3 586	4 372	4 660	5 050
Retained earnings	10 178	11 421	12 950	17 011	14 889
Other equity	10 178	11 421	12 950	17 011	14 889

Subordinated liabilities	8 335	8 297	10 905	14 305	18 420
Bonds	5 426	5 363	7 904	4 055	7 135
Other subordinated loans	2 909	2 934	3 000	10 250	11 285

Revaluation reserve	10 498	18 702	25 500	18 300	304

Technical provisions	490 811	548 798	604 892	650 503	652 065
Life assurance provision	465 267	514 311	604 892	650 503	652 065
Premium reserve	435 904	479 477	559 664	595 121	614 658
Additional provisions	11 001	15 306	20 783	24 762	13 234
Premium provision	15 625	16 286	19 557	19 288	16 086
Pension provisions	129	20	314	334	211
Fund for deposits	.	.	239	..	..
Net provision for outstanding claims	2 427	2 153	2 516	3 004	7 241
Net other technical provisions	180	1 069	2 058	7 994	635
Equalization provision	607	641	704	..	..
Net tehcnical provisions where the risk is borne by the policyholder	24 937	33 846	43 587	..	..

Provisions for other charges	1 013	783	1 402	2 194	1 975
Provisions for pensions	336	449	485	1 030	1 268
Deffered tax	605	181	914	1 164	647
Other provisions for charges	72	153	3	1	60

Other liabilities	5 857	9 987	10 564	17 777	26 918
Loans	.	.	.	.	.
Expences accrued	375	441	1 022	1 218	1 010
Deffered income	363	200	63	376	581
Payable tax	34	29	32	50	611
Dividend	539	1 622	131	651	.
Insurance liabilities	1 072	1 241	846	3 374	2 020
Deposits from reassurance companies	426	7	.	.	.
Other liabilities	3 050	6 445	8 469	12 109	22 697

Total liabilities	537 067	609 145	678 663	742 171	740 340

Specifications
Number of companies	18	20	19	19	20
Loan with mortgage on dwelling	8 637	8 354	8 740	9 390	11 419

¹From January 2008, new annual account regulation for insurance companies adapted to the new International FinancialReporting Standards (IFRS) was introduced. New regulation for life insurance was introduced at the same time. Bothchanges have had an impact on the content and presentation of the insurance statistics. The statistics from 2008 cannot be compared with those from previous years.
²From 2008 shares i real estate is classified as shares and not as buildings
³After adjusting to the International Financial Reporting Standards (IFRS) valuation was introduced. Capital assets and shortterm investments are no longer separated. The statistics from 2008 can not be compared with those from previous years.