Statistikk innhold
Statistics on
Life and non-life insurance companies, accounts
The statistics cover all life and non-life insurance companies and branches of foreign companies in Norway. It shows overall performance, balance and some specifications for the sector and industry.
Selected figures from these statistics
- Key Figures. NOK MillionDownload table as ...Key Figures. NOK Million
Total 3rd quarter 2024 3rd quarter 2025 Life insurance companies Assets 2 447 557 2 645 433 Premiums earned 176 749 201 113 Gross claims payment 61 511 71 662 Profit/loss on ordinary activities 10 095 10 562 Net income from financial assets 171 336 146 086 Non-life insurance companies Assets 323 756 349 407 Earned premiums 85 169 94 737 Gross claims payments 65 820 69 439 Profit/loss on ordinary activities 19 439 16 722 Net income from financial assets 12 338 3 418 Explanation of symbolsDownload table as ... - Life insurance companies. Profitt and loss account. NOK MillionDownload table as ...Life insurance companies. Profitt and loss account. NOK Million
3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 3rd quarter 2025 Premiums earned 176 749 226 371 63 217 140 318 201 113 Gross premiums written 134 325 170 532 37 928 98 703 140 861 Reinsurers share of gross premiums written -394 -652 -190 -276 -373 Transfers of premium reserve from other companies 42 818 56 491 25 479 41 892 60 625 Claims incurred, net of reinsurance 106 039 141 146 53 273 91 624 131 240 Gross claims payment 61 511 82 812 27 542 49 879 71 662 Reinsurance share of gross claims payments -241 -486 -74 -155 -229 Transfers of premiumreserve etc. to other companies 44 769 58 821 25 805 41 900 59 807 Net change in technical provisions 226 240 270 755 -6 292 116 893 199 253 Premium reserve 171 336 203 905 -2 923 91 273 153 201 Other technical provisions 206 2 550 355 9 -1 126 To/from buffer funds -39 18 732 -3 914 707 1 471 Means allocated insurance contracts 54 737 45 567 189 24 904 45 707 Other operating income/ costs -5 712 -7 847 -1 981 -3 858 -6 144 Commision received 2 670 3 627 1 007 1 965 3 014 Operating income, real property 42 54 16 29 45 Other operating income 116 161 33 70 105 Personell costs 2 718 3 768 967 1 752 2 777 Commision submitted 1 336 1 934 520 1 051 2 000 Operating costs, real property 600 790 200 401 598 Depreciations of non-financial assets 358 560 125 268 384 Other operating costs 3 526 4 637 1 223 2 450 3 549 Investment income /costs 39 599 55 571 15 343 30 876 43 856 Interest income bonds and certificates 20 741 29 804 7 145 14 711 22 899 Interest income other assets 7 346 10 455 2 566 5 035 7 066 Share dividend etc. 13 798 18 346 6 365 12 640 16 098 Interest costs 2 287 3 034 733 1 510 2 208 Gains/losses, value (re-)adjustments on financial assets 131 737 150 538 -26 138 48 567 102 230 Realized gains/losses 29 520 55 309 17 383 39 538 51 508 Shares, participations and primary capital certificates 31 553 60 758 14 388 24 440 29 509 Bonds and certificates 1 857 3 900 -180 804 835 Financial derivatives -4 775 -10 904 3 434 14 684 21 477 Land and buildings 0 -1 .. .. .. Other realized gains/losses 885 1 555 -259 -391 -313 Net change in value 102 217 95 230 -43 520 9 029 50 722 Shares, participations and primary capital certificates 101 297 106 751 -56 473 -1 996 38 633 Bonds and certificates 8 514 5 610 -2 073 402 123 Financial derivatives -8 472 -17 913 17 690 11 663 12 179 Land and buildings 0 .. .. 0 0 Other net change in value 878 783 -2 664 -1 039 -213 Profit/loss on ordinary activities 10 095 12 732 3 462 7 386 10 562 Other result components 171 328 -6 -103 126 Tax 2 021 2 502 499 1 265 1 974 Total profit/loss year to date 8 244 10 559 2 956 6 018 8 714 Explanation of symbolsDownload table as ... - Life insurance companies. Balance sheet by financial instrument. NOK MillionDownload table as ...Life insurance companies. Balance sheet by financial instrument. NOK Million
3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 3rd quarter 2025 Assets Intangible assets 4 194 4 145 4 186 4 197 4 150 Tangible fixed assets 2 149 2 223 2 191 2 155 2 122 Land and buildings 1 339 1 339 1 339 1 339 1 339 Machinery, equipment and vehicles 74 71 67 63 63 Capital investments 2 210 347 2 252 282 2 239 197 2 329 078 2 417 993 Shares, participation and primary capital certificate 394 783 415 324 399 927 427 686 443 964 Shares in securities' fund 1 050 644 1 083 004 1 063 332 1 136 748 1 201 428 Bonds and certificates 759 637 751 880 756 067 755 073 763 945 Financial derivatives 5 283 2 075 19 871 9 571 8 656 Loans 142 046 146 622 139 688 143 426 145 556 Remaining claims 54 905 56 072 42 764 65 483 37 807 Reinsurance share of technical provisions 2 278 2 291 2 341 2 319 2 302 Other claims 52 626 53 781 40 423 63 164 35 506 Cash and bank deposits 33 917 32 836 49 841 45 884 37 804 Total assets 2 447 557 2 494 180 2 477 867 2 590 223 2 645 433 Liabilities and equity capital Equity 134 261 128 882 129 157 132 675 136 823 Deposit capital 58 407 59 916 59 873 60 329 61 767 Company capital 7 089 7 089 7 089 7 090 7 090 Share premium account 19 544 19 544 19 544 20 043 20 043 Other deposit capital 31 774 33 283 33 240 33 196 34 634 Retained earnings 75 854 68 966 69 284 72 346 75 056 Other equity 63 109 68 966 61 035 61 111 61 581 Not allocated profit 12 745 .. 8 249 11 235 13 475 Subordinated loan capital and other loans 26 866 26 126 32 080 23 886 21 098 Bonds 15 338 15 234 15 202 11 515 11 409 Other subordinated loans 11 528 10 892 16 878 12 371 9 689 Technical provisions in life insurance 2 222 003 2 264 943 2 257 686 2 378 192 2 436 721 Premium reserve 1 961 391 1 994 101 1 990 199 2 084 392 2 145 754 Buffer funds 169 525 187 490 183 537 189 782 190 934 Premium and deposit fund 36 122 76 872 76 360 74 336 50 699 Pensions' share premium fund 18 57 80 78 27 Net other technical provisions 6 378 6 422 7 028 6 917 7 059 Unallocated surplus funds to insurance contracts 48 568 .. 482 22 687 42 247 Reserves against other liabilities 3 685 4 505 4 429 3 514 3 709 Provisions for pension 778 678 701 804 622 Deffered tax liabilities 1 649 1 497 1 442 1 472 1 479 Other provisions for charges 1 258 2 330 2 287 1 238 1 609 Remaining liabilites 60 743 69 724 54 516 51 956 47 081 Current tax liabilities 2 822 3 113 2 917 2 805 3 466 Other liabilities 53 963 51 907 46 688 43 626 39 571 Financial derivatives 3 957 14 704 4 911 5 525 4 044 Total liabilities 2 447 557 2 494 180 2 477 867 2 590 223 2 645 433 Specifications Number of companies . . . . . Loan with morgage on dwelling 26 287 28 030 28 014 28 506 29 196 Net tehcnical provisions where the risk is borne by the policyholder 805 192 833 600 824 853 887 308 937 551 Explanation of symbolsDownload table as ... - Non-life insurance company. Profitt and loss account. NOK MillionDownload table as ...Non-life insurance company. Profitt and loss account. NOK Million
3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 3rd quarter 2025 Premiums earned 85 169 117 399 30 260 61 640 94 737 Gross premium earned 99 421 137 495 34 481 71 101 109 498 Reinsurance share of gross premium earned -14 252 -20 096 -4 221 -9 461 -14 761 Claims incurred and net change in technical provisions 65 820 90 171 23 079 46 628 69 439 Gross claims cost 74 257 103 840 24 739 52 092 76 741 Reinsurance share of gross claims cost -8 064 -13 060 -1 698 -5 407 -7 439 Net change in technical provision -373 -609 37 -57 137 Other operating income/ costs -12 248 -16 635 -3 745 -7 657 -11 994 Commision received 230 361 143 216 246 Operating income, real property 10 15 3 7 12 Other operating income 66 73 52 79 134 Personell costs 8 017 11 317 2 873 5 874 9 199 Commision submitted 4 631 6 654 1 480 2 994 4 536 Operating costs, real property 279 403 80 166 269 Depreciations of non-financial assets 459 597 143 366 580 Other operating costs -832 -1 888 -633 -1 441 -2 198 Investment income /costs 3 262 6 338 1 564 2 675 4 228 Interest income 3 024 4 992 1 508 2 619 4 214 Share dividend etc. 892 2 265 322 557 872 Interest costs 654 919 267 501 858 Gains/losses, value (re-)adjustments on financial assets 9 076 11 859 -3 392 -1 770 -810 Net realized gains/losses 2 895 4 739 480 -882 -543 Net change in value 6 180 7 119 -3 873 -887 -267 Profit/loss on ordinary activities 19 439 28 790 1 607 8 260 16 722 Other result components 41 14 -42 -84 -105 Tax 4 236 5 827 551 1 928 3 791 Total profit/loss year to date 15 243 22 977 1 014 6 248 12 825 Explanation of symbolsDownload table as ... - Non-life insurance companies. Balance sheet by financial instrument. NOK MillionDownload table as ...Non-life insurance companies. Balance sheet by financial instrument. NOK Million
3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 3rd quarter 2025 Assets Intangible assets 4 699 5 915 4 661 6 224 6 774 Tangible fixed assets 2 844 2 903 2 951 3 004 2 955 Land and buildings 521 805 835 825 803 Machinery, equipment and vehicles 568 668 748 669 673 Right-of-use asset 1 756 1 430 1 368 1 509 1 479 Capital investments 202 235 205 823 207 667 210 375 218 657 Shares, participation and primary capital certificates 33 825 30 212 30 940 32 584 33 217 Shares in securities' fund 42 463 44 926 47 325 47 563 50 544 Bonds and certificates 125 162 129 325 128 362 129 250 134 230 Financial derivatives 785 1 359 1 040 978 666 Loans 964 2 140 2 183 1 564 1 726 Reinsurance share 30 817 32 265 33 859 36 878 35 853 Claims 67 215 69 224 75 452 72 825 67 412 Cash and bank deposits 14 982 13 312 16 500 13 506 16 030 Total assets 323 756 331 583 343 273 344 375 349 407 Liabilities and equity capital Eqiuty 117 659 120 661 118 002 121 220 127 147 Deposit capital 24 269 30 320 30 607 30 179 34 437 Company capital 4 839 5 643 5 894 5 859 6 698 Share premium account 9 664 11 127 11 166 10 771 12 872 Other deposit capital 9 767 13 550 13 547 13 549 14 867 Retained earnings 93 389 90 341 87 395 91 041 92 710 Other equity 71 468 90 341 76 504 76 235 74 231 Not allocated profit 21 922 .. 10 891 14 805 18 479 Subordinated liabilities 6 493 7 150 7 963 8 064 9 660 Bonds 6 406 7 063 7 860 7 961 9 457 Other subordinated loans 87 87 103 103 203 Technical provisions in non-life insurance 159 445 155 901 171 960 178 827 173 038 Gross provision for unearned premium 33 111 28 561 40 965 41 304 34 912 Gross Provision for outstanding claims 71 004 71 728 70 734 75 830 76 788 Reserves against unexpired risks 205 191 6 6 195 Liability for remaining coverage (IFRS) 9 361 8 505 12 894 12 319 10 567 Liability for incurred claims (IFRS) 45 764 46 917 47 361 49 368 50 575 Reserves against other liabilities 8 535 7 619 7 150 7 201 7 067 Provisions for pension 1 474 1 468 1 504 1 528 1 479 Deffered tax 3 487 2 684 2 166 2 038 2 007 Other provisions for charges 3 574 3 467 3 479 3 635 3 581 Remaining liabilites 31 624 40 251 38 198 29 064 32 495 Payable tax 4 908 5 157 4 252 3 140 5 077 Dividend 21 7 987 2 929 585 451 Other liabilities 26 373 26 573 30 351 24 668 26 403 Financial derivatives 322 534 667 671 564 Total liabilities 323 756 331 583 343 273 344 375 349 407 Specifications Number of companies . . . . . Loan with mortgage on dwelling 898 2 074 2 136 1 525 1 263 Explanation of symbolsDownload table as ...
About the statistics
The information under «About the statistics» was last updated 16 February 2023.
Balance sheet: The balance sheet shows assets, liabilities and equity at the end of accounting period.
Profitt and loss account: The profit and loss account shows income, costs and expenses over the course of the accounting period.
We have four types of classification: instrument, sector, industry and type.
- Financial instruments and physical capital
- Liabilities, claims and other assets in the balance sheet of the financial institutions are divides into two main groups with a view to providing major uniform groups such as bank lending, funding and deposits.
- Debtor and creditor industry
- Borrowers and lenders are classified according to institutional sector classification, based on national accounts rules.
- Debtor and creditor industry
- Based on the rules in the industry standard, the individual financial instruments are grouped according to the debtor's or creditor's industry affiliation.
- Types of income and expenses
- Including interest income and expenses, are based on national accounts rules.
Name: Life and non-life insurance companies, accounts
Topic: Banking and financial markets
Division for Financial Markets Statistics
Only at the national level.
Annual and quarterly.
Eurostat
Publication-ready data are stored in a FAME-database
The purpose is to provide statistics for the national accounts, financial sector balances and census of foreign assets and liabilities, and publish current credit market statistics. Accounting statistics for life and non-life insurance companies was first published in NOS Credit Market Statistics 1912. From 1998 the accounts statistics was based up on new electronic reports, which have more details than the former manual reports. Among others it gives the possibility to divide between capital assets and short-term assets, and it also contains quarterly profit and loss accounts.
The statistics are included in national accounts, financial sector balances, balance of payments and statistics on Norway's foreign assets and liabilities. Other major users are the Central Bank of Norway, the Financial Supervisory authority, Ministry of Finance and the media.
Not relevant
The statistics are based on the guidelines in the national accounts standards System of National Accounts from (SNA) and the IMF Manual on Monetary and Financial Statistics.
Statistics from the financial institutions are used in the national accounts, financial sector accounts, the balance of payments and in the Norwegian statistics of foreign debt and receivables.
Act on the Supervision on Credit Institutions, Insurance Companies and Securities Trading, etc., Sections 1 and 4 (insurance companies). Statistics Norway uses Statistics Act Section § 12 to compile statistic.
Council Directive 674/91
Council Regulation (EC) no. 2223/96
Council Regulation (EC) 410/98
Council Regulation (EC) no. 1392/2007
Council Regulation (EC) no. 2056/2002
Council Regulation (EC) no. 1606/2002
Council Regulation (EC) no. 297/2008
Commission Regulation 1225/1999
Commission Regulation 1227/1999
Commission Regulation 1228/1999
The population is all life and non-life insurance companies in Norway, including foreign branches in Norway. According to the Standard Industrial Classification this covers industries 65.110, 65.120 and 65.200.
The statistical unit forming the basis for the accounting reports is the enterprise.
The statistics are based on accounting data from the enterprises.
The sample is defined on the basis of a number of financial corporations licensed by the Financial Supervisory authority (the statistics are in principle based on total censuses).
The Financial Supervisory authority and Statistics Norway cooperate in the collection of accounting information.
The data is controlled by the Banking, Insurance and Securities Commission and Statistics Norway.
Not relevant
Not relevant
The accounting statistics for the life and non-life insurance companies is based on current accounting regulations for life and non-life insurance companies. Breaches may therefore occur in connection with changes in accounting legislation and in the regulations applicable to the life and non-life insurance companies. Structural changes like new companies, mergers and spin-offs, with portfolio movements as one consequence, may also lead to breaches in the time series.
International Financial Reporting Standard (IFRS) The new accounting standard IFRS is an example of a change that will cause breaches in the time series in the periods to come. In 2008 all reporting companies must, in one way or another, report according to the IFRS standard, and data may then be fully comparable again. However, the IFRS standard will lead to larger fluctuations in the data because of the more extensive use of fair value in the accounting. The comparison of the reported data with the companies' official accounts is also challenging because the IFRS standard does not require a specific presentation of the accounts, as the traditional Norwegian accounting standard does.
Errors and discrepancies can occur in the accounting data. These discrepancies can have a number of sources:
- Errors in the reporting institutions' accounts
- Errors in the transfer of data from the institution's primary accounts to recipients
- Different accounting and evaluation principles
- Different accounting dates for transactions
- Insufficient data from the reporting parties
- Processing errors
Due to large amounts of data and a dynamic control and revision system, published data will be regarded as preliminary until next years data for the same period is published. This means that data for the current year may be revised without this being marked in the preceeding publishing. Large and important revision however, will be commented upon in the publishing of Today's Statistics.
Not relevant