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

Life and non-life insurance companies, 2nd quarter 2011

1 Life insurance companies. Profit and loss account (accumulated)¹. NOK Million
	30.06.2010	30.09.2010*	31.12.2010*	31.03.2011*	30.06.2011*


Earned premiums, net of reinsurance	41 288	65 307	80 108	27 117	42 770
Gross premiums written	32 609	54 080	66 571	20 503	33 490
- Reinsurers share of gross premiums written	-270	-394	-862	-220	-296
Transfer of premium reserve from other companies	8 949	11 621	14 399	6 833	9 576

Claims incurred, net of reinsurance	25 670	37 733	50 937	16 542	28 923
Gross claim payment	19 266	29 187	40 836	10 270	19 884
Reinsurers share of gross claim payments	-65	-101	-381	-34	-83
Other provisions	307	527	549	63	263
Transfer of premiumreserve etc. to other companies	6 162	8 120	9 933	6 243	8 859

Net change in technical provisions	23 244	53 281	72 830	18 279	25 166
Premium reserve	22 448	40 665	50 339	14 294	20 073
Other technical provisions	156	222	3 980	543	935
To/from revaluation reserve	-1 929	5 495	10 706	-1 309	-5 008
Means allocated insurance contracts	2 568	6 899	7 805	4 751	9 166

Other operating income /costs	-2 822	-4 121	-5 705	-1 155	-2 705
Commisions received	53	90	139	48	85
Operating income, real property	71	115	142	31	75
Other operating income	461	722	989	276	570
Personell costs	1 371	2 063	2 778	757	1 462
Commision submitted	391	585	799	195	384
Operating costs, real property	20	30	12	1	3
Depreciations of non-financial assets	141	230	371	76	153
Other operating costs	1 484	2 139	3 015	481	1 434

Investment income and -costs	14 895	23 434	31 170	8 867	17 464
Interest income bonds and certificates	9 079	14 465	19 028	5 889	11 214
Interest income other assets	2 234	3 420	4 459	1 044	2 007
Share dividend etc.	4 562	7 010	8 974	1 692	4 097
Interest costs	980	1 461	1 290	-242	-146

Gains/losses, value (re-)adjustments on financial assets	-3 321	9 679	22 991	1 459	-553
Realized gains/losses	578	1 899	6 321	4 287	7 499
Shares, participations and primary capital certificates	3 867	2 590	5 576	605	54
Bonds and certificates	1 331	1 322	959	-548	152
Financial derivatives	-4 321	-1 419	162	4 361	7 138
Land and buildings	41	43	-33	-89	-70
Other realized gains/losses	-341	-637	-344	-43	225
Net change in value	-3 898	7 780	16 670	-2 828	-8 053
Shares, participations and primary capital certificates	-4 214	4 085	13 417	-1 157	-5 606
Bonds and certificates	2 078	1 658	-907	-1 859	-1 592
Financial derivates	-1 931	1 183	1 918	102	-346
Land and buildings	36	25	59	7	19
Other net changes in value	132	827	2 182	79	-528

Profit/loss on ordinary activities	1 126	3 285	4 797	1 467	2 886

Other result components	-13	-6	-207	-4	-12

Tax	147	89	-747	-238	-241

Profit/loss	967	3 190	5 338	1 701	3 115

Spesifications
Balance on the technical account for life insurance	670	2 137	3 027	900	1 838
Value-adjusted profit/loss	1 456	15 273	26 608	5 037	7 390

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.