Increase in value-adjusted profit for life insurance

Life insurance companies had a profit on ordinary activities of NOK 4.3 billion at the end of the second quarter of 2017. This is an increase of NOK 0.5 billion compared to the corresponding quarter last year.

Increase in shares in securities funds for life insurance

Life insurance companies’ total assets increased by 8 per cent compared to the corresponding quarter last year. Bonds and certificates made up 37 per cent of total assets. Shares in mutual funds increased by 12 per cent, and as a proportion of total assets mutual funds accounted for 37 per cent.

Increase in technical account for non-life insurance

The balance of the technical account increased by a total of 15 per cent, and amounted to NOK 5.8 billion in the second quarter of 2017. The profit on ordinary activities amounted to NOK 8.7 billion; an increase of 22 per cent. Non-life insurance companies’ earned premiums written increased by 0.6 per cent. Gross claim payment increased by 5 per cent.

Increase in bonds and certificates

The non-life insurance companies’ assets decreased by 0.1 per cent in the second quarter of 2017 compared to the corresponding quarter in 2016. The holdings of shares in security funds increased by 4 per cent compared to the second quarter last year. As a share of total assets, this amounts to 13 per cent. This is an increase of 0.5 percentage points compared to the previous year. Bonds and certificates as a share of total assets amounted to 41 per cent; an increase of 0.7 percentage points from the previous year.