Content
Published:
This is an archived release.
Continued positive results for pension funds
The result of pension funds was NOK 2.4 billion in 2010, compared to NOK 3.2 billion in 2009, which is a reduction of 26.3 per cent.
The main reason that the result is lower in 2010 is the reduction of income from financial assets. Realised/unrealised profits on financial assets in 2009 were NOK 14.4 billion, while the corresponding figure in 2010 was NOK 10.2 billion; a decline of 29.5 per cent.
Earned premiums fell by 7 per cent from 2009, while claims incurred, net of reinsurance, were reduced by 22 per cent in 2010; from NOK 9 billion in 2009 to NOK 7 billion in 2010.
Total assets continue to increase
Total assets of pension funds increased by NOK 19 billion between 2009 and 2010, from NOK 188 billion in 2009 to NOK 207 billion in 2010; an increase of 10.1 per cent.
At the end of 2010, pension funds had placed 92.2 per cent of total assets in securities. The corresponding figures in 2009 and 2008 were 90.6 per cent and 89.3 per cent respectively. Holdings of shares and primary capital certificates were NOK 86.7 billion in 2010; an increase of 17.5 per cent from the previous year. In the same period, the bonds and certificates increased by 6.6 per cent, from NOK 96 billion in 2009 to NOK 102.4 billion in 2010.
Contact
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Kjell Hammer
E-mail: kjell.hammer@ssb.no
tel.: (+47) 40 90 26 76
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Dag Waage Gausdal
E-mail: dag.gausdal@ssb.no
tel.: (+47) 40 90 26 82