4741_not-searchable
/en/bank-og-finansmarked/statistikker/forsikring/arkiv
4741
Increased insurance payment
statistikk
2007-06-01T10:00:00.000Z
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 2007

Variants of the statistics:

Content

Published:

This is an archived release.

Go to latest release

Increased insurance payment

Both the life and the non-life insurance industry have increased the claims incurred during the first quarter of 2007.

Life insurance companies paid NOK 16 billion in life insurance and pension benefits during the first quarter of 2007. This is an increase of NOK 8.4 billion, compared to the first quarter of 2006.

Life insurance. Profit and loss account. NOK million
 
 1th quarter 20071th quarter 2006
 
Earned premiums, exclusive of transfers to other companies22 75724 066
Claims incurred20 76512 944
Profit/loss before tax and allocation to customers4 4934 482
   
Net income from financial assets10 08115 837
Value-adjusted profit/loss4 4779 692
 

Total assets increased by NOK 29 billion since the forth quarter of 2006. This equals a 4 per cent growth, which is the same as the growth in the first quarter last year. Investments in subsidiaries and other shares, participation and primary capital certificates made up 36 per cent, while bonds made up 42 per cent of total assets. This is a reduction of 4 percentage points from the forth quarter of 2006.

Life insurance. Balance sheet. NOK million
 
 1th quarter 20071th quarter 2006
 
Total assets 706 505 634 693
Investments in subsidiaries and other shares, participation and primary capital certificates 252 167 193 333
Holdings of bonds 299 271 298 961
Holdings of certificates15 94535 237
 

Non-life insurance companies

The non-life insurance industry achieved a preliminary profit of NOK 1.1 billion in the first quarter of 2007. This is 42 per cent lower than in the first quarter of 2006. Claims incurred was NOK 8.1 billion in the first quarter of 2007, this is an increase of 16.1 per cent. Premiums increased 7 per cent compared to the first quarter of 2006.

Non-life insurance. Profit and loss account.NOK million
 
 1th quarter 20071th quarter 2006
 
Earned premiums11 14010 412
Claims incurred8 3167 190
Profit/loss of ordinary activities1 3061 822
   
Net income from financial assets1 6931 868
Profit/loss of the technical account 726 817
 

Total assets in the non-life insurance industry increased by NOK 6 billion since the forth quarter of 2006, this is a 4 per cent growth. Compared to December 2006 investments in subsidiaries and other shares, participation and primary capital certificates increased their share of total assets by 3 per cent to 26 per cent. While bonds share made up 30 per cent of total assets, a reduction of 3 percentage points.

Non-insurance. Balance sheet. NOK million
 
 1th quarter 20071th quarter 2006
 
Total assets 149 022 141 010
Investments in subsidiaries and other shares, participation and primary capital certificates38 35230 661
Holdings of bonds44 35643 964
Holdings of certificates9 42013 406
 

 

Tables

Published tables