4761_not-searchable
/en/bank-og-finansmarked/statistikker/forsikring/arkiv
4761
Less income from financial assets in life insurance
statistikk
2005-06-02T10:00:00.000Z
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, Q1 2005

Variants of the statistics:

Content

Published:

This is an archived release.

Go to latest release

Less income from financial assets in life insurance

The income from financial assets in life insurance decreased in the first quarter of 2005 due to low interest rate and weaker international stock market compared with the first quarter of 2004. Earned premiums are still increasing in the insurance industry.

Life insurance. Profit and loss account. NOK million
 
 1st quarter 20051st quarter 2004
 
Earned premiums, exclusive of transfers to other companies17 16215 511
Claims incurred6 5155 686
Profit/loss before tax and allocation to customers3 4332 821
   
Net income from financial assets6 9389 822
Value-adjusted profit/loss2 5675 502
 

Life insurance: reduced earnings form financial assets

Earned premiums exclusive of transfers to other companies increased by 10.6 per cent to NOK 17 billion for the first quarter of 2005.

Profit before tax and allocation to customers was NOK 3.4 billion - an increase of 21.7 per cent from the same period last year.

Life insurance. Balance sheet. NOK million
 
 1st quarter 20051st quarter 2004
 
Total assets 553 428 499 166
Investments in subsidiaries and other shares, participation and primary capital certificates 138 432 109 795
Holdings of bonds 275 931 269 780
Holdings of certificates37 05422 615
 

Total assets in life insurance were NOK 553 billion at the end of the first quarter - an increase of 10.9 per cent. Investments in subsidiaries and other shares, participation and primary capital certificates stood at NOK 138 billion, 26 per cent of total assets.

Non-life insurance. Profit and loss account.NOK million
 
 1st quarter 20051st quarter 2004
 
Earned premiums10 4219 560
Claims incurred6 7416 560
Profit/loss of ordinary activities2 8251 142
   
Net income from financial assets2 1691 361
Profit/loss of the technical account1 247 358
 

Non-life: reduced income from financial assets - improved technical account profit

The technical result includes income and costs directly related to insurance activities. For the first quarter of 2005 the technical account profit came to NOK 1.2 billion, an increase of NOK 889 million from the first quarter of 2004. Earned premiums and claims incurred developed positively.

The profit on ordinary activities was considerably better than in the first quarter of 2004.

Non-insurance. Balance sheet. NOK million
 
 1st quarter 20051st quarter 2004
 
Total assets 124 121 115 821
Investments in subsidiaries and other shares, participation and primary capital certificates17 84615 755
Holdings of bonds35 37531 954
Holdings of certificates17 79512 077
 

Total assets for the non-life insurance industry amounted to NOK 124 billion.

 

Tables

Published tables