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/en/bank-og-finansmarked/statistikker/forsikring/aar
90317
Decline in the results for insurance
statistikk
2012-11-08T10:00:00.000Z
Banking and financial markets
en
forsikring, Life and non-life insurance companies, accounts, profit and loss account, shares, bonds, commercial papers, primary capital certificates, financial instruments, liabilities, equity, lending, borrowers, issuersFinancial institutions and other financial corporations, Banking and financial markets
false

Life and non-life insurance companies, accounts, 2011

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Decline in the results for insurance

Non-life and life insurance companies’ profits for 2011 declined compared to 2010. The main reason for the decline in the result is the fall in the stock market.

Asset allocation: Life insurance companies. NOK million

Life insurance

The total profit for the life insurance industry amounted to NOK 2 billion in 2011. The value adjusted result was NOK -1.5 billion. The profit before tax and allocation to customers was NOK 5.3 billion. The decrease in the result was mainly due to the net income from financial assets. Net income from financial assets decreased by NOK 36 billion. Gross premiums increased by 7 per cent, while claims increased by a total of 6 per cent.

Total assets increased by NOK 45 billion in 2011. Total assets amounted to NOK 907 billion at the end of 2011. The stock of investments in subsidiaries and other shares, participation and primary capital certificates increased by NOK 14.9 billion, and amounted to 42 per cent of total assets. The holdings of bonds and certificates increased by 10 per cent. As a share of the total assets, bonds and certificates increased by 2 per cent, and amounted to 48 per cent.

Asset allocation: Non-life insurance companies. NOK million

Non-life insurance

The total profit for the non-life insurance industry was NOK 3.3 billion in 2011. The profit from ordinary activities declined by NOK 3.9 billion in 2011. The decline was mainly due to a fall in the net change in value. Earned premiums increased by 4 per cent compared to 2010, while the claims incurred increased by 6 per cent.

Total assets increased by 2 per cent. Investments in subsidiaries and other shares, participation and primary capital certificates amounted to 21 per cent of the total assets; a decline of 2 per cent. The holdings of bonds and certificates amounted to 41 per cent of the total assets; an increase of 1 per cent compared to 2010.

 

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