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Life and non-life insurance companies, 2003
1 Life insurance companies. Profit and loss account1. NOK Million
1998 1999 2000 2001 2002 2003*
     
Earned premiums, net of reinsurance 31 176 30 847 35 953 42 902 47 428 49 841
Gross premiums written 26 526 26 986 29 103 36 356 39 214 43 847
- Reinsurers share of gross premiums written -862 -932 -1 160 -1 703 -1 844 -1 335
- Reinsurers share of investment income -461 -692 -826 -226 -294 -782
Transfer of premiumreserve from other companies 5 973 5 485 8 836 8 476 10 351 8 110
     
Claims incurred, net of reinsurance 23 909 22 491 27 409 28 321 28 757 31 240
Gross claim payment 18 237 16 894 19 054 21 344 21 479 22 441
Reinsurers share of gross claim payments -597 -712 -771 -884 -1 133 -732
Net change in the provision for outstanding claims 634 216 214 180 290 290
Transfer of premiumreserve etc. to other companies 5 634 6 093 8 911 7 681 8 121 9 241
     
Net change in technical provisions 21 074 31 242 33 449 19 736 20 786 43 805
Premiumreserve 17 976 17 048 17 683 21 930 25 626 29 037
Other technical provisions to customers 2 359 7 798 7 876 816 55 4 846
Other technical provisions 739 6 396 7 891 -3 011 -4 896 9 922
     
Investment income (+)/charges (-) 13 746 13 563 14 238 17 009 19 148 20 397
Interest income 12 514 12 476 13 859 16 758 18 992 19 036
Bonds and certificates 10 043 10 274 10 599 12 499 14 459 16 510
Other assets 2 471 2 202 3 259 4 259 4 533 2 526
Interest charges 474 801 1 715 1 787 1 632 632
Share dividend etc. 1 706 1 889 2 094 2 038 1 788 1 993
     
Gains/losses, value (re-)adjustments on financial assets 2 671 32 872 -5 000 -18 326 -18 487 15 625
Gains (+)/losses (-) 2 724 9 447 14 889 -10 734 -13 024 4 567
Shares, participations and primary capital certificates 2 288 7 499 11 754 -17 614 -18 028 -546
Bonds and certificates 771 -808 -1 594 1 444 738 4 051
Currency and financial derivatives -435 2 752 4 551 5 355 4 127 888
Land and buildings 100 4 177 80 139 174
Unrealized gains (+)/losses (-) -42 23 430 -19 892 -7 657 -5 475 11 241
Shares, participations and primary capital certificates -34 25 316 -23 714 -5 881 -7 186 9 814
Bonds and certificates -6 -3 270 2 683 -3 061 974 1 633
Currency and financial derivatives -2 942 628 -116 552 -229
Land and buildings . 442 511 1 400 185 23
Value re-adjustments (+)/adjustments (-) -11 -5 3 65 12 -184
     
Other operating income (+)/expenses (-) -1 967 -1 320 -1 559 -184 -1 660 -1 544
Personnel costs 1 362 1 421 1 440 1 599 1 571 1 662
Commisions received (+)/submitted (-) -502 -516 -390 -402 -580 -693
Operating income (+)/costs (-) from real property 1 594 1 785 2 156 2 403 2 614 2 644
Depreciations of non-financial assets 84 136 111 132 154 171
Value adjustments (-)/re-adjustments (+) of non-financial assets -1 . . . -8 .
Other operating income (+)/expenses (-) -1 612 -1 032 -1 775 -455 -1 961 -1 661
     
To/from revaluation reserve . 21 202 -19 256 -6 637 -1 025 6 818
     
Profit/loss on ordinary activities 642 1 027 2 030 -20 -2 090 2 455
     
Extraordinary income (+)/charges (-) . 1 719 . 6 . .
     
Tax 20 355 230 -244 -606 461
     
Profit/loss 622 2 391 1 800 231 -1 484 1 994
     
Applications and transfers 622 2 391 1 800 231 -1 484 1 994
Group contribution paid/received -4 978 8 -252 -1 208 -1 860
Dividends 431 158 1 038 252 874 3 433
Other transfers 194 1 254 754 231 -1 150 421
     
Spesifications   
Balance on the technical account for life insurance 887 1 069 2 491 388 -1 699 2 184

1New accounts reporting from 1997 makes it possible to offer a higher level of specification degree than earlier.

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