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Life and non-life insurance companies, 2011
2 Life insurance companies. Profit and loss account1. NOK Million
2007 2008 2009 2010 2011*
     
Earned premiums, net of reinsurance 79 105 79 552 74 964 80 009 85 263
Gross premiums written 68 503 68 168 64 922 66 489 71 020
- Reinsurers share of gross premiums written -439 -754 -1 061 -887 -960
Transfer of premium reserve from other companies 11 041 12 138 11 103 14 407 15 202
     
Claims incurred, net of reinsurance 70 193 64 557 45 635 51 707 54 592
Gross claim payment 57 642 54 458 35 799 40 906 40 796
Reinsurers share of gross claim payments -124 -307 -615 -340 -451
Other provisjons 458 839 703 428 628
Transfer of premiumreserve etc. to other companies 12 218 9 567 9 748 10 713 13 620
     
Net change in technical provisions 48 713 -10 982 69 741 71 741 40 148
Premium reserve 29 212 14 997 46 825 49 315 44 079
Other technical provisions 12 975 -11 198 11 982 3 980 3 153
To/from revaluation reserve -7 200 -17 470 5 453 10 640 -9 439
Means allocated insurance contracts 13 726 2 689 5 480 7 805 2 355
     
Other operating income/expenses -3 202 -3 834 -5 524 -5 735 -5 639
Commisions received 260 170 -24 52 118
Operating income, real property 3 815 2 806 390 139 74
Other operating income 817 1 040 980 1 055 1 167
Personnell costs 3 334 3 016 3 090 2 772 2 966
Commisions submitted 1 332 844 762 797 795
Operating costs, real property 391 350 45 12 7
Depreciations of non-financial assets 191 625 291 327 308
Other operating costs 2 846 3 016 2 681 3 072 2 921
     
Investment income/charges 23 873 26 456 25 330 31 312 33 790
Interest income bonds and certificates 16 391 14 355 20 384 19 028 21 679
Interest income other assets 3 784 9 871 6 600 4 455 4 213
Share dividend etc. 5 433 3 707 2 046 9 112 6 942
Interest costs 1 735 1 477 3 700 1 283 -956
     
Gains/losses, value (re-)adjustments on financial assets 24 168 -50 632 24 742 22 712 -15 736
Realized gains/losses 20 429 -13 318 5 973 6 178 -341
Shares, participations and primary capital certificates 15 209 -14 217 -5 228 5 573 391
Bonds and certificates -884 261 -472 951 -751
Financial derivatives 2 955 -14 11 927 162 -137
Land and buildings 666 -22 121 -166 27
Other realized gains/losses 2 483 674 -375 -343 129
Net change in value 3 739 -37 315 18 769 16 534 -15 395
Shares, participations and primary capital certificates -628 -36 398 18 672 13 245 -11 351
Bonds and certificates -1 141 11 026 -5 092 -829 441
Financial derivatives 836 -3 721 1 071 1 880 -3 181
Land and buildings 8 215 -2 091 359 92 -8
Other net change in value -3 543 -6 130 3 760 2 147 -1 296
     
Profit/loss on ordinary activities 5 037 -2 033 4 136 4 851 2 937
     
Other result components 4 243 76 -207 23
     
Tax -2 284 539 10 -791 882
     
Profit/loss 7 326 -2 330 4 203 5 435 2 079
     
Spesifications   
Balance on the technical account for life insurance 9 078 5 430 2 098 3 156 1 721
Value-adjusted profit/loss 15 701 -26 699 21 225 26 594 -1 546

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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