Increase in value-adjusted profit for life insurance

Life insurance companies had a profit on ordinary activities of NOK 1.9 billion after the first quarter of 2017. This is an increase of NOK 1.3 billion compared to the corresponding quarter last year.

• More figures and tables in the statistics Life and non-life insurance companies, accounts

Increase in shares in securities funds for life insurance

Life insurance companies’ total assets increased by 8 per cent compared to the corresponding quarter last year. Bonds and certificates made up 37.3 per cent of total assets. Shares in mutual funds increased by 12.4 per cent. As a proportion of total assets, mutual funds accounted for 36.6 per cent.

Increase in technical account for non-life insurance

The balance of the technical account increased by a total of 144 per cent, and amounted to NOK 1.3 billion in the first quarter of 2017. The profit on ordinary activities amounted to NOK 1.9 billion; an increase of 243 per cent. Non-life insurance companies’ earned premiums written increased by 0.7 per cent. Gross claim payments increased by 8 per cent.

Increase in bonds and certificates

The non-life insurance companies’ assets decreased by 0.5 per cent in the first quarter of 2017 compared to the corresponding quarter in 2016. The holdings of shares’ in security funds increased by 1.5 per cent compared to the first quarter last year. As a share of total assets, this amounts to 13.1 per cent. This is an increase of 0.3 percentage points compared to the previous year. Bonds and certificates as a share of total assets amounted to 40.6 per cent; an increase of 1 percentage point from the previous year.