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Life and non-life insurance companies, 1st quarter 2012
1 Life insurance companies. Profit and loss account (accumulated)1. NOK Million
31.03.2011 30.06.2011* 30.09.2011* 31.12.2011* 31.03.2012*
Earned premiums, net of reinsurance 27 117 42 770 69 541 85 436 28 398
Gross premiums written 20 503 33 490 57 829 71 573 23 572
- Reinsurers share of gross premiums written -220 -296 -432 -976 -107
Transfer of premium reserve from other companies 6 833 9 576 12 144 14 839 4 932
     
Claims incurred, net of reinsurance 16 542 28 923 41 929 54 432 15 344
Gross claim payment 10 270 19 884 30 273 40 721 11 032
Reinsurers share of gross claim payments -34 -83 -88 -432 24
Other provisions 63 263 219 558 193
Transfer of premiumreserve etc. to other companies 6 243 8 859 11 525 13 585 4 095
     
Net change in technical provisions 18 279 25 166 24 326 40 257 32 842
Premium reserve 14 294 20 073 31 944 43 995 22 087
Other technical provisions 543 935 418 3 235 304
To/from revaluation reserve -1 309 -5 008 -14 098 -9 381 8 379
Means allocated insurance contracts 4 751 9 166 6 063 2 409 2 073
     
Other operating income /costs -1 155 -2 705 -4 168 -5 611 -1 438
Commisions received 48 85 114 113 38
Operating income, real property 31 75 100 122 16
Other operating income 276 570 813 1 173 282
Personell costs 757 1 462 2 209 2 949 755
Commision submitted 195 384 579 806 155
Operating costs, real property 1 3 7 7 1
Depreciations of non-financial assets 76 153 202 309 70
Other operating costs 481 1 434 2 198 2 948 794
     
Investment income and -costs 8 867 17 464 24 904 33 884 7 899
Interest income bonds and certificates 5 889 11 214 15 862 21 681 5 533
Interest income other assets 1 044 2 007 3 009 4 213 894
Share dividend etc. 1 692 4 097 5 360 7 033 1 235
Interest costs -242 -146 -673 -957 -237
     
Gains/losses, value (re-)adjustments on financial assets 1 459 -553 -23 321 -15 337 14 561
Realized gains/losses 4 287 7 499 5 709 -314 1 664
Shares, participations and primary capital certificates 605 54 2 257 403 43
Bonds and certificates -548 152 -383 -743 -549
Financial derivatives 4 361 7 138 3 708 -131 2 098
Land and buildings -89 -70 -115 27 3
Other realized gains/losses -43 225 242 129 69
Net change in value -2 828 -8 053 -29 030 -15 023 12 897
Shares, participations and primary capital certificates -1 157 -5 606 -21 885 -11 328 9 797
Bonds and certificates -1 859 -1 592 75 762 -480
Financial derivates 102 -346 -4 900 -3 181 1 815
Land and buildings 7 19 19 16 -9
Other net changes in value 79 -528 -2 339 -1 292 1 774
     
Profit/loss on ordinary activities 1 467 2 886 700 3 683 1 234
     
Other result components -4 -12 -20 23 .
     
Tax -238 -241 -105 868 -82
     
Profit/loss 1 701 3 115 786 2 838 1 316
     
Spesifications   
Balance on the technical account for life insurance 900 1 838 -29 2 452 628
Value-adjusted profit/loss 5 037 7 390 -7 583 -606 11 539

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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