4769_not-searchable
/en/bank-og-finansmarked/statistikker/forsikring/arkiv
4769
Increased earned premiums in the insurance industry
statistikk
2004-09-03T10:00:00.000Z
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, Q2 2004

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Increased earned premiums in the insurance industry

Earned premiums increased and net income from financial assets decreased in the insurance industry in the second quarter compared with the same period last year.

Life insurance: Increased earned premiums

Life insurance. Profit and loss account. NOK million
 
 2nd quarter 20042nd quarter 2003
 
Earned premiums, exclusive of transfers to other companies23 94318 527
Claims incurred17 80716 026
Profit/loss before tax and allocation to customers6 2405 045
   
Net income from financial assets13 95218 320
Value-adjusted profit/loss6 1839 261
 

Earned premiums in the life insurance companies, exclusive of transfers to other companies, increased by 29 per cent compared with the same period last year. At the end of the second quarter, earned premiums amounted to NOK 24 billion.

Net income from financial assets decreased from NOK 18.3 billion in the second quarter of 2003 to NOK 13.9 billion in the second quarter of 2004.

Life insurance. Balance sheet. NOK million
 
 2nd quarter 20042nd quarter 2003
 
Total assets               507 624             452 834
Investments in subsidiaries and other shares,
participation and primary capital certificates		 111 37675 683
Holdings of bonds 277 582 244 105
Holdings of certificates25 28638 670
 

Total assets for life insurance increased by 12 per cent from last year. The allocation between stocks, bonds and certificates has not changed during the last three months and remains 22 per cent in stocks and 54 per cent in bonds.

Non-life insurance: Reduced income from financial assets, but improved technical account

ttab-2004-09-03-03-en; Non-life insurance - profit and loss account

Increased earned premiums of NOK 1.6 billion, and lower claims incurred led to a considerable improvement in the technical account.

Net income from financial assets decreased by 48 per cent and stood at NOK 17.2 billion at the end of the second quarter of 2004.

Non-insurance. Balance sheet. NOK million
 
 2nd quarter 20042nd quarter 2003
 
Total assets 114 939 109 448
Investments in subsidiaries and other shares,
participation and primary capital certificates		16 49112 682
Holdings of bonds31 48029 444
Holdings of certificates13 79913 281
 

 

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