Life insurance companies. Profit and loss account (accumulated) . NOK Million

Life and non-life insurance companies, 1st quarter 2011

1 Life insurance companies. Profit and loss account (accumulated)¹. NOK Million
	31.03.2010	30.06.2010*	30.09.2010*	31.12.2010*	31.03.2011*


Earned premiums, net of reinsurance	26 551	41 288	65 307	80 108	27 117
Gross premiums written	19 831	32 609	54 080	66 571	20 503
- Reinsurers share of gross premiums written	-179	-270	-394	-862	-220
Transfer of premium reserve from other companies	6 899	8 949	11 621	14 399	6 833

Claims incurred, net of reinsurance	14 293	25 670	37 733	50 937	16 542
Gross claim payment	9 739	19 266	29 187	40 836	10 270
Reinsurers share of gross claim payments	-37	-65	-101	-381	-34
Other provisions	94	307	527	549	63
Transfer of premiumreserve etc. to other companies	4 497	6 162	8 120	9 933	6 243

Net change in technical provisions	24 755	23 244	53 281	72 830	18 279
Premium reserve	16 618	22 448	40 665	50 339	14 294
Other technical provisions	1 232	156	222	3 980	543
To/from revaluation reserve	4 452	-1 929	5 495	10 706	-1 309
Means allocated insurance contracts	2 453	2 568	6 899	7 805	4 751

Other operating income /costs	-1 433	-2 822	-4 121	-5 705	-1 155
Commisions received	24	53	90	143	49
Operating income, real property	34	71	115	142	31
Other operating income	237	461	722	984	275
Personell costs	718	1 371	2 063	2 778	757
Commision submitted	203	391	585	799	195
Operating costs, real property	10	20	30	12	1
Depreciations of non-financial assets	63	141	230	371	76
Other operating costs	733	1 484	2 139	3 015	481

Investment income and -costs	7 423	14 895	23 434	31 170	8 867
Interest income bonds and certificates	4 689	9 079	14 465	19 028	5 889
Interest income other assets	1 144	2 234	3 420	4 459	1 044
Share dividend etc.	2 124	4 562	7 010	8 974	1 692
Interest costs	535	980	1 461	1 290	-242

Gains/losses, value (re-)adjustments on financial assets	7 702	-3 321	9 679	22 991	1 459
Realized gains/losses	1 481	578	1 899	6 321	4 287
Shares, participations and primary capital certificates	1 277	3 867	2 590	5 576	605
Bonds and certificates	180	1 331	1 322	959	-548
Financial derivatives	471	-4 321	-1 419	162	4 361
Land and buildings	27	41	43	-33	-89
Other realized gains/losses	-476	-341	-637	-344	-43
Net change in value	6 222	-3 898	7 780	16 670	-2 828
Shares, participations and primary capital certificates	4 624	-4 214	4 085	13 417	-1 157
Bonds and certificates	724	2 078	1 658	-907	-1 859
Financial derivates	269	-1 931	1 183	1 918	102
Land and buildings	-170	36	25	59	7
Other net changes in value	774	132	827	2 182	79

Profit/loss on ordinary activities	1 195	1 126	3 285	4 797	1 467

Other result components	2	-13	-6	-207	-4

Tax	34	147	89	-747	-238

Profit/loss	1 163	967	3 190	5 338	1 701

Spesifications
Balance on the technical account for life insurance	853	670	2 137	3 031	901
Value-adjusted profit/loss	7 956	1 456	15 273	26 608	5 037

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.