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Life and non-life insurance companies, 2nd quarter 2012
1 Life insurance companies. Profit and loss account (accumulated)1. NOK Million
30.06.2011 30.09.2011* 31.12.2011* 31.03.2012* 30.06.2012*
Earned premiums, net of reinsurance 42 770 69 541 85 436 28 398 48 901
Gross premiums written 33 490 57 829 71 573 23 572 42 235
- Reinsurers share of gross premiums written -296 -432 -976 -107 -343
Transfer of premium reserve from other companies 9 576 12 144 14 839 4 932 7 010
     
Claims incurred, net of reinsurance 28 923 41 929 54 432 15 344 27 715
Gross claim payment 19 884 30 273 40 721 11 032 21 473
Reinsurers share of gross claim payments -83 -88 -432 24 -58
Other provisions 263 219 558 193 356
Transfer of premiumreserve etc. to other companies 8 859 11 525 13 585 4 095 5 944
     
Net change in technical provisions 25 166 24 326 40 257 32 842 40 568
Premium reserve 20 073 31 944 43 995 22 087 32 521
Other technical provisions 935 418 3 235 304 247
To/from revaluation reserve -5 008 -14 098 -9 381 8 379 5 032
Means allocated insurance contracts 9 166 6 063 2 409 2 073 2 768
     
Other operating income /costs -2 705 -4 168 -5 611 -1 438 -2 834
Commisions received 85 114 113 38 68
Operating income, real property 75 100 122 16 31
Other operating income 570 813 1 173 282 551
Personell costs 1 462 2 209 2 949 755 1 544
Commision submitted 384 579 806 155 319
Operating costs, real property 3 7 7 1 1
Depreciations of non-financial assets 153 202 309 70 141
Other operating costs 1 434 2 198 2 948 794 1 478
     
Investment income and -costs 17 464 24 904 33 884 7 899 15 692
Interest income bonds and certificates 11 214 15 862 21 681 5 533 10 308
Interest income other assets 2 007 3 009 4 213 894 3 222
Share dividend etc. 4 097 5 360 7 033 1 235 2 900
Interest costs -146 -673 -957 -237 738
     
Gains/losses, value (re-)adjustments on financial assets -553 -23 321 -15 337 14 561 9 002
Realized gains/losses 7 499 5 709 -314 1 664 1 322
Shares, participations and primary capital certificates 54 2 257 403 43 1 649
Bonds and certificates 152 -383 -743 -549 -88
Financial derivatives 7 138 3 708 -131 2 098 -244
Land and buildings -70 -115 27 3 4
Other realized gains/losses 225 242 129 69 2
Net change in value -8 053 -29 030 -15 023 12 897 7 680
Shares, participations and primary capital certificates -5 606 -21 885 -11 328 9 797 5 514
Bonds and certificates -1 592 75 762 -480 138
Financial derivates -346 -4 900 -3 181 1 815 1 630
Land and buildings 19 19 16 -9 -3
Other net changes in value -528 -2 339 -1 292 1 774 402
     
Profit/loss on ordinary activities 2 886 700 3 683 1 234 2 478
     
Other result components -12 -20 23 . 6
     
Tax -241 -105 868 -82 55
     
Profit/loss 3 115 786 2 838 1 316 2 430
     
Spesifications   
Balance on the technical account for life insurance 1 838 -29 2 452 628 1 471
Value-adjusted profit/loss 7 390 -7 583 -606 11 539 10 009

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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