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Life and non-life insurance companies, 4th quarter 2011
1 Life insurance companies. Profit and loss account (accumulated)1. NOK Million
31.12.2010 31.03.2011* 30.06.2011* 30.09.2011* 31.12.2011*
Earned premiums, net of reinsurance 80 009 27 117 42 770 69 541 85 436
Gross premiums written 66 489 20 503 33 490 57 829 71 573
- Reinsurers share of gross premiums written -887 -220 -296 -432 -976
Transfer of premium reserve from other companies 14 407 6 833 9 576 12 144 14 839
     
Claims incurred, net of reinsurance 51 707 16 542 28 923 41 929 54 605
Gross claim payment 40 906 10 270 19 884 30 273 40 721
Reinsurers share of gross claim payments -340 -34 -83 -88 -432
Other provisions 428 63 263 219 558
Transfer of premiumreserve etc. to other companies 10 713 6 243 8 859 11 525 13 759
     
Net change in technical provisions 71 740 18 279 25 166 24 326 40 084
Premium reserve 49 315 14 294 20 073 31 944 43 821
Other technical provisions 3 980 543 935 418 3 235
To/from revaluation reserve 10 640 -1 309 -5 008 -14 098 -9 381
Means allocated insurance contracts 7 805 4 751 9 166 6 063 2 409
     
Other operating income /costs -5 728 -1 155 -2 705 -4 168 -5 611
Commisions received 52 48 85 114 113
Operating income, real property 139 31 75 100 122
Other operating income 1 055 276 570 813 1 173
Personell costs 2 772 757 1 462 2 209 2 949
Commision submitted 797 195 384 579 806
Operating costs, real property 12 1 3 7 7
Depreciations of non-financial assets 327 76 153 202 309
Other operating costs 3 065 481 1 434 2 198 2 948
     
Investment income and -costs 31 305 8 867 17 464 24 904 33 884
Interest income bonds and certificates 19 028 5 889 11 214 15 862 21 681
Interest income other assets 4 452 1 044 2 007 3 009 4 213
Share dividend etc. 9 112 1 692 4 097 5 360 7 033
Interest costs 1 286 -242 -146 -673 -957
     
Gains/losses, value (re-)adjustments on financial assets 22 712 1 459 -553 -23 321 -15 337
Realized gains/losses 6 178 4 287 7 499 5 709 -314
Shares, participations and primary capital certificates 5 573 605 54 2 257 403
Bonds and certificates 951 -548 152 -383 -743
Financial derivatives 162 4 361 7 138 3 708 -131
Land and buildings -166 -89 -70 -115 27
Other realized gains/losses -343 -43 225 242 129
Net change in value 16 534 -2 828 -8 053 -29 030 -15 023
Shares, participations and primary capital certificates 13 245 -1 157 -5 606 -21 885 -11 328
Bonds and certificates -829 -1 859 -1 592 75 762
Financial derivates 1 880 102 -346 -4 900 -3 181
Land and buildings 92 7 19 19 16
Other net changes in value 2 147 79 -528 -2 339 -1 292
     
Profit/loss on ordinary activities 4 851 1 467 2 886 700 3 683
     
Other result components -207 -4 -12 -20 23
     
Tax -791 -238 -241 -105 868
     
Profit/loss 5 435 1 701 3 115 786 2 838
     
Spesifications   
Balance on the technical account for life insurance 8 918 900 1 838 -29 2 452
Value-adjusted profit/loss 26 594 5 037 7 390 -7 583 -606

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.

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