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

Life and non-life insurance companies, 3rd quarter 2011

1 Life insurance companies. Profit and loss account (accumulated)¹. NOK Million
	30.09.2010	31.12.2010*	31.03.2011*	30.06.2011*	30.09.2011*


Earned premiums, net of reinsurance	65 307	80 108	27 117	42 770	69 541
Gross premiums written	54 080	66 571	20 503	33 490	57 829
- Reinsurers share of gross premiums written	-394	-862	-220	-296	-432
Transfer of premium reserve from other companies	11 621	14 399	6 833	9 576	12 144

Claims incurred, net of reinsurance	37 733	50 937	16 542	28 923	41 929
Gross claim payment	29 187	40 836	10 270	19 884	30 273
Reinsurers share of gross claim payments	-101	-381	-34	-83	-88
Other provisions	527	549	63	263	219
Transfer of premiumreserve etc. to other companies	8 120	9 933	6 243	8 859	11 525

Net change in technical provisions	53 281	72 830	18 279	25 166	24 326
Premium reserve	40 665	50 339	14 294	20 073	31 953
Other technical provisions	222	3 980	543	935	408
To/from revaluation reserve	5 495	10 706	-1 309	-5 008	-14 098
Means allocated insurance contracts	6 899	7 805	4 751	9 166	6 063

Other operating income /costs	-4 121	-5 705	-1 155	-2 705	-4 168
Commisions received	90	139	48	85	114
Operating income, real property	115	142	31	75	100
Other operating income	722	989	276	570	813
Personell costs	2 063	2 778	757	1 462	2 209
Commision submitted	585	799	195	384	579
Operating costs, real property	30	12	1	3	7
Depreciations of non-financial assets	230	371	76	153	202
Other operating costs	2 139	3 015	481	1 434	2 198

Investment income and -costs	23 434	31 170	8 867	17 464	24 904
Interest income bonds and certificates	14 465	19 028	5 889	11 214	15 862
Interest income other assets	3 420	4 459	1 044	2 007	3 009
Share dividend etc.	7 010	8 974	1 692	4 097	5 360
Interest costs	1 461	1 290	-242	-146	-673

Gains/losses, value (re-)adjustments on financial assets	9 679	22 991	1 459	-553	-23 321
Realized gains/losses	1 899	6 321	4 287	7 499	5 709
Shares, participations and primary capital certificates	2 590	5 576	605	54	2 257
Bonds and certificates	1 322	959	-548	152	-383
Financial derivatives	-1 419	162	4 361	7 138	3 708
Land and buildings	43	-33	-89	-70	-115
Other realized gains/losses	-637	-344	-43	225	242
Net change in value	7 780	16 670	-2 828	-8 053	-29 030
Shares, participations and primary capital certificates	4 085	13 417	-1 157	-5 606	-21 885
Bonds and certificates	1 658	-907	-1 859	-1 592	75
Financial derivates	1 183	1 918	102	-346	-4 900
Land and buildings	25	59	7	19	19
Other net changes in value	827	2 182	79	-528	-2 339

Profit/loss on ordinary activities	3 285	4 797	1 467	2 886	700

Other result components	-6	-207	-4	-12	-20

Tax	89	-747	-238	-241	-105

Profit/loss	3 190	5 338	1 701	3 115	786

Spesifications
Balance on the technical account for life insurance	2 137	3 027	900	1 838	-29
Value-adjusted profit/loss	15 273	26 608	5 037	7 390	-7 592

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.