84886_not-searchable
/en/bank-og-finansmarked/statistikker/pensjonsfond/arkiv
84886
Decrease in profit for pension funds
statistikk
2012-09-06T10:00:00.000Z
Banking and financial markets
en
pensjonsfond, Pension funds, private pension funds, municipal pension funds, profit and loss account, shares, bonds, lending, borrowers, issuersFinancial institutions and other financial corporations, Banking and financial markets
false

Pension funds, 2011

Content

Published:

This is an archived release.

Go to latest release

Decrease in profit for pension funds

The result of pension funds was NOK 549 million in 2011, compared to NOK 2.3 billion in 2010; a reduction of 76.4 per cent. The main reason for this was the weak stock market in 2011.

Net income from financial assets was NOK -7.3 billion in 2011. The corresponding figure was NOK 10.2 billion in 2010. The reason for the decrease was, as mentioned, the weak stock market in 2011. This development resulted in unrealised losses on shares and primary capital certificates of NOK 9.3 billion.

Asset allocation. Pension funds 2005-2011.NOK Million

Higher premiums

Earned premiums were NOK 13.3 billion in 2011. This is an increase of 8.7 per cent from 2010. Claims incurred, net of reinsurance, show a 19.6 per cent increase from NOK 7 billion in 2010 to NOK 8.4 billion in 2011.

A slight increase in total assets

Total assets of pension funds increased from NOK 206.6 billion in 2010 to NOK 211.1 billion in 2011. This represents an increase of 2.2 per cent, or NOK 4.5 billion. This is a slightly smaller increase than the last few years. In 2010 and 2009 the increase was 9.7 per cent and 16.4 per cent respectively.

At the end of 2011, pension funds had placed 92.5 per cent of total assets in securities. The corresponding figures in 2010 and 2009 were 92.1 per cent and 90.6 per cent respectively.

Holdings of shares and primary capital certificates were NOK 80.9 billion in 2011; a decrease of 9.4 per cent from the previous year. In the same period, bonds and certificates increased by 13.7 per cent, from NOK 99.8 billion in 2010 to NOK 113.6 billion in 2011.

 

Tables

Published tables