Statistikk innhold
Statistics on
Life and non-life insurance companies, accounts
The statistics cover all life and non-life insurance companies and branches of foreign companies in Norway. It shows overall performance, balance and some specifications for the sector and industry.
Selected figures from the statistics
- Key Figures. NOK MillionDownload table as ...Key Figures. NOK Million
Total 1st quarter 2024 1st quarter 2025 Life insurance companies Assets 2 324 795 2 477 867 Premiums earned 52 646 63 217 Gross claims payment 20 467 27 542 Profit/loss on ordinary activities 3 468 3 462 Net income from financial assets 78 064 -10 795 Non-life insurance companies Assets 328 675 343 273 Earned premiums 26 908 30 260 Gross claims payments 22 732 23 079 Profit/loss on ordinary activities 6 503 1 607 Net income from financial assets 6 319 -1 828 Explanation of symbolsDownload table as ... - Life insurance companies. Profitt and loss account. NOK MillionDownload table as ...Life insurance companies. Profitt and loss account. NOK Million
1st quarter 2024 2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 Premiums earned 52 646 121 037 176 749 226 193 63 217 Gross premiums written 35 678 91 096 134 325 170 267 37 928 Reinsurers share of gross premiums written -208 -313 -394 -575 -190 Transfers of premium reserve from other companies 17 176 30 254 42 818 56 500 25 479 Claims incurred, net of reinsurance 38 510 72 866 106 039 141 061 53 273 Gross claims payment 20 467 41 074 61 511 82 725 27 542 Reinsurance share of gross claims payments -83 -162 -241 -481 -74 Transfers of premiumreserve etc. to other companies 18 126 31 954 44 769 58 817 25 805 Net change in technical provisions 86 818 153 789 226 240 270 716 -6 292 Premium reserve 62 284 118 673 171 336 203 884 -2 923 Other technical provisions 445 603 206 2 533 355 To/from revaluation reserve .. .. .. .. .. To/from buffer funds 196 -136 -39 18 732 -3 914 Means allocated insurance contracts 23 892 34 649 54 737 45 566 189 Other operating income/ costs -1 914 -3 730 -5 712 -7 794 -1 981 Commision received 863 1 775 2 670 3 639 1 007 Operating income, real property 11 26 42 54 16 Other operating income 39 77 116 162 33 Personell costs 920 1 731 2 718 3 729 967 Commision submitted 446 916 1 336 1 875 520 Operating costs, real property 197 402 600 784 200 Depreciations of non-financial assets 114 231 358 560 125 Other operating costs 1 149 2 327 3 526 4 702 1 223 Investment income /costs 12 059 24 539 39 599 55 559 15 343 Interest income bonds and certificates 6 726 13 767 20 741 29 804 7 145 Interest income other assets 2 235 4 619 7 346 10 443 2 566 Share dividend etc. 3 834 7 729 13 798 18 346 6 365 Interest costs 736 1 575 2 287 3 034 733 Gains/losses, value (re-)adjustments on financial assets 66 005 91 319 131 737 150 537 -26 138 Realized gains/losses 10 993 21 234 29 519 55 308 17 383 Shares, participations and primary capital certificates 10 716 21 526 31 553 60 758 14 388 Bonds and certificates 1 145 818 1 857 3 900 -180 Financial derivatives -1 156 -1 485 -4 775 -10 904 3 434 Land and buildings .. 0 -1 -1 .. Other realized gains/losses 288 377 885 1 554 -259 Net change in value 55 012 70 084 102 218 95 229 -43 520 Shares, participations and primary capital certificates 65 247 73 146 101 297 106 751 -56 473 Bonds and certificates 3 816 3 552 8 514 5 610 -2 073 Financial derivatives -16 803 -7 996 -8 472 -17 913 17 690 Land and buildings .. .. .. .. .. Other net change in value 2 752 1 381 878 782 -2 664 Profit/loss on ordinary activities 3 468 6 510 10 095 12 718 3 462 Other result components 161 259 171 328 -6 Tax 614 1 322 2 021 2 498 499 Total profit/loss year to date 3 015 5 447 8 244 10 548 2 956 Specifications Value-adjusted profit/loss .. .. .. .. .. Explanation of symbolsDownload table as ... - Life insurance companies. Balance sheet by financial instrument. NOK MillionDownload table as ...Life insurance companies. Balance sheet by financial instrument. NOK Million
1st quarter 2024 2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 Assets Intangible assets 4 101 4 178 4 194 4 145 4 186 Tangible fixed assets 2 173 2 172 2 149 2 222 2 191 Land and buildings 1 318 1 339 1 339 1 339 1 339 Machinery, equipment and vehicles 74 71 74 70 67 Capital investments 2 094 207 2 133 160 2 210 347 2 252 280 2 239 197 Shares, participation and primary capital certificate 373 663 375 667 394 783 415 324 399 927 Shares in securities' fund 976 707 1 001 984 1 050 644 1 083 001 1 063 332 Bonds and certificates 742 721 749 304 759 637 751 880 756 067 Financial derivatives 1 117 6 206 5 283 2 075 19 871 Loans 138 707 140 093 142 046 146 622 139 688 Remaining claims 52 177 70 471 54 905 56 026 42 764 Reinsurance share of technical provisions 2 258 2 267 2 278 2 294 2 341 Other claims 49 918 68 204 52 626 53 731 40 423 Cash and bank deposits 33 430 33 379 33 917 32 723 49 841 Total assets 2 324 795 2 383 453 2 447 557 2 494 017 2 477 867 Liabilities and equity capital Equity 127 913 130 343 134 261 128 974 129 157 Deposit capital 57 025 57 003 58 407 59 874 59 873 Company capital 7 089 7 089 7 089 7 089 7 089 Share premium account 19 544 19 544 19 544 19 544 19 544 Other deposit capital 30 392 30 369 31 774 33 240 33 240 Retained earnings 70 888 73 340 75 854 69 100 69 284 Other equity 61 732 62 444 63 109 69 081 61 035 Not allocated profit 9 156 10 896 12 745 19 8 249 Subordinated loan capital and other loans 26 348 27 042 26 866 26 126 32 080 Bonds 15 302 14 877 15 338 15 234 15 202 Other subordinated loans 11 047 12 164 11 528 10 892 16 878 Technical provisions in life insurance 2 101 261 2 167 653 2 222 003 2 264 750 2 257 686 Premium reserve 1 851 559 1 908 368 1 961 391 1 993 961 1 990 199 Additional provisions .. .. .. .. .. Revaluation reserve .. .. .. .. .. Net reserves against outstanding claims .. .. .. .. .. Buffer funds 168 448 168 121 169 525 187 489 183 537 Premium and deposit fund 53 577 53 499 36 122 76 871 76 360 Pensions' share premium fund 26 26 18 57 80 Net other technical provisions 6 088 6 405 6 378 6 372 7 028 Unallocated surplus funds to insurance contracts 21 564 31 234 48 568 .. 482 Reserves against other liabilities 4 745 3 668 3 685 4 505 4 429 Provisions for pension 775 711 778 678 701 Deffered tax liabilities 1 607 1 613 1 649 1 497 1 442 Other provisions for charges 2 363 1 344 1 258 2 330 2 287 Remaining liabilites 64 527 54 747 60 743 69 662 54 516 Current tax liabilities 1 750 2 220 2 822 3 107 2 917 Other liabilities 51 121 48 199 53 963 51 851 46 688 Financial derivatives 11 656 4 327 3 957 14 704 4 911 Total liabilities 2 324 795 2 383 453 2 447 557 2 494 017 2 477 867 Specifications Number of companies 15 15 15 15 15 Loan with morgage on dwelling 25 465 25 679 26 287 28 030 28 014 Net tehcnical provisions where the risk is borne by the policyholder 735 355 766 499 805 192 833 600 824 853 Explanation of symbolsDownload table as ... - Non-life insurance company. Profitt and loss account. NOK MillionDownload table as ...Non-life insurance company. Profitt and loss account. NOK Million
1st quarter 2024 2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 Premiums earned 26 908 55 066 85 169 116 508 30 260 Gross premium earned 31 042 64 034 99 421 135 882 34 481 Reinsurance share of gross premium earned -4 135 -8 968 -14 252 -19 374 -4 221 Claims incurred and net change in technical provisions 22 732 43 407 65 820 89 593 23 079 Gross claims cost 25 655 47 934 74 257 101 224 24 739 Reinsurance share of gross claims cost -2 966 -4 151 -8 064 -11 019 -1 698 Net change in technical provision 43 -376 -373 -612 37 Other operating income/ costs -3 992 -8 053 -12 248 -16 372 -3 745 Commision received 136 182 230 405 143 Operating income, real property 3 7 10 15 3 Other operating income 30 50 66 64 52 Personell costs 2 620 5 176 8 017 11 270 2 873 Commision submitted 1 497 3 070 4 631 6 619 1 480 Operating costs, real property 85 175 279 396 80 Depreciations of non-financial assets 145 297 459 595 143 Other operating costs -186 -426 -832 -2 024 -633 Investment income /costs 2 121 2 179 3 262 6 285 1 564 Interest income 1 925 1 988 3 024 4 979 1 508 Share dividend etc. 391 659 892 2 264 322 Interest costs 194 468 654 959 267 Gains/losses, value (re-)adjustments on financial assets 4 198 6 123 9 076 11 802 -3 392 Net realized gains/losses 821 2 994 2 895 4 806 480 Net change in value 3 378 3 129 6 180 6 996 -3 873 Profit/loss on ordinary activities 6 503 11 908 19 439 28 629 1 607 Other result components -6 -9 41 -7 -42 Tax 1 134 2 329 4 236 6 082 551 Total profit/loss year to date 5 363 9 570 15 243 22 540 1 014 Explanation of symbolsDownload table as ... - Non-life insurance companies. Balance sheet by financial instrument. NOK MillionDownload table as ...Non-life insurance companies. Balance sheet by financial instrument. NOK Million
1st quarter 2024 2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 Assets Intangible assets 4 686 4 676 4 699 5 920 4 661 Tangible fixed assets 2 800 2 729 2 844 2 898 2 951 Land and buildings 512 524 521 805 835 Machinery, equipment and vehicles 599 587 568 662 748 Capital investments 195 416 199 257 202 235 205 476 207 667 Shares, participation and primary capital certificates 33 132 33 526 33 825 29 650 30 940 Shares in securities' fund 44 088 44 180 42 463 44 726 47 325 Bonds and certificates 117 038 120 977 125 162 129 741 128 362 Financial derivatives 1 158 573 785 1 359 1 040 Loans 1 949 977 964 2 140 2 183 Reinsurance share 32 180 30 328 30 817 30 436 33 859 Claims 71 400 69 561 67 215 69 453 75 452 Cash and bank deposits 20 243 12 473 14 982 13 879 16 500 Total assets 328 675 320 001 323 756 330 204 343 273 Liabilities and equity capital Eqiuty 109 869 113 444 117 659 121 166 118 002 Deposit capital 24 176 24 314 24 269 30 318 30 607 Company capital 4 818 4 839 4 839 5 643 5 894 Share premium account 9 552 9 664 9 664 11 127 11 166 Other deposit capital 9 805 9 811 9 767 13 548 13 547 Retained earnings 85 693 89 130 93 389 90 848 87 395 Other equity 70 479 71 003 71 468 90 705 76 504 Not allocated profit 15 214 18 127 21 922 143 10 891 Subordinated liabilities 6 467 6 493 6 493 7 150 7 963 Bonds 6 130 6 156 5 731 6 138 6 935 Other subordinated loans 337 337 762 1 012 1 028 Technical provisions in non-life insurance 164 062 161 333 159 445 153 824 171 960 Gross provision for unearned premium 50 324 49 182 42 471 36 861 53 859 Gross Provision for outstanding claims 69 681 68 324 71 004 69 851 70 734 Equalization provision 44 057 43 828 45 969 47 112 47 367 Reserves against other liabilities 8 454 8 267 8 535 7 685 7 150 Provisions for pension 1 467 1 466 1 474 1 474 1 504 Deffered tax 3 537 3 434 3 487 2 737 2 166 Other provisions for charges 3 449 3 367 3 574 3 474 3 479 Remaining liabilites 39 823 30 464 31 624 40 378 38 198 Payable tax 4 844 3 468 4 908 5 074 4 252 Dividend 5 099 21 21 7 987 2 929 Other liabilities 29 121 26 313 26 373 26 784 30 351 Financial derivatives 759 663 322 534 667 Total liabilities 328 675 320 001 323 756 330 204 343 273 Specifications Number of companies 72 75 75 74 76 Loan with mortgage on dwelling 1 911 911 898 2 074 2 136 Explanation of symbolsDownload table as ...
About the statistics
The information under «About the statistics» was last updated 16 February 2023.
Balance sheet: The balance sheet shows assets, liabilities and equity at the end of accounting period.
Profitt and loss account: The profit and loss account shows income, costs and expenses over the course of the accounting period.
We have four types of classification: instrument, sector, industry and type.
- Financial instruments and physical capital
- Liabilities, claims and other assets in the balance sheet of the financial institutions are divides into two main groups with a view to providing major uniform groups such as bank lending, funding and deposits.
- Debtor and creditor industry
- Borrowers and lenders are classified according to institutional sector classification, based on national accounts rules.
- Debtor and creditor industry
- Based on the rules in the industry standard, the individual financial instruments are grouped according to the debtor's or creditor's industry affiliation.
- Types of income and expenses
- Including interest income and expenses, are based on national accounts rules.
Name: Life and non-life insurance companies, accounts
Topic: Banking and financial markets
Division for Financial Markets Statistics
Only at the national level.
Annual and quarterly.
Eurostat
Publication-ready data are stored in a FAME-database
The purpose is to provide statistics for the national accounts, financial sector balances and census of foreign assets and liabilities, and publish current credit market statistics. Accounting statistics for life and non-life insurance companies was first published in NOS Credit Market Statistics 1912. From 1998 the accounts statistics was based up on new electronic reports, which have more details than the former manual reports. Among others it gives the possibility to divide between capital assets and short-term assets, and it also contains quarterly profit and loss accounts.
The statistics are included in national accounts, financial sector balances, balance of payments and statistics on Norway's foreign assets and liabilities. Other major users are the Central Bank of Norway, the Financial Supervisory authority, Ministry of Finance and the media.
Not relevant
The statistics are based on the guidelines in the national accounts standards System of National Accounts from (SNA) and the IMF Manual on Monetary and Financial Statistics.
Statistics from the financial institutions are used in the national accounts, financial sector accounts, the balance of payments and in the Norwegian statistics of foreign debt and receivables.
Act on the Supervision on Credit Institutions, Insurance Companies and Securities Trading, etc., Sections 1 and 4 (insurance companies). Statistics Norway uses Statistics Act Section § 12 to compile statistic.
Council Directive 674/91
Council Regulation (EC) no. 2223/96
Council Regulation (EC) 410/98
Council Regulation (EC) no. 1392/2007
Council Regulation (EC) no. 2056/2002
Council Regulation (EC) no. 1606/2002
Council Regulation (EC) no. 297/2008
Commission Regulation 1225/1999
Commission Regulation 1227/1999
Commission Regulation 1228/1999
The population is all life and non-life insurance companies in Norway, including foreign branches in Norway. According to the Standard Industrial Classification this covers industries 65.110, 65.120 and 65.200.
The statistical unit forming the basis for the accounting reports is the enterprise.
The statistics are based on accounting data from the enterprises.
The sample is defined on the basis of a number of financial corporations licensed by the Financial Supervisory authority (the statistics are in principle based on total censuses).
The Financial Supervisory authority and Statistics Norway cooperate in the collection of accounting information.
The data is controlled by the Banking, Insurance and Securities Commission and Statistics Norway.
Not relevant
Not relevant
The accounting statistics for the life and non-life insurance companies is based on current accounting regulations for life and non-life insurance companies. Breaches may therefore occur in connection with changes in accounting legislation and in the regulations applicable to the life and non-life insurance companies. Structural changes like new companies, mergers and spin-offs, with portfolio movements as one consequence, may also lead to breaches in the time series.
International Financial Reporting Standard (IFRS) The new accounting standard IFRS is an example of a change that will cause breaches in the time series in the periods to come. In 2008 all reporting companies must, in one way or another, report according to the IFRS standard, and data may then be fully comparable again. However, the IFRS standard will lead to larger fluctuations in the data because of the more extensive use of fair value in the accounting. The comparison of the reported data with the companies' official accounts is also challenging because the IFRS standard does not require a specific presentation of the accounts, as the traditional Norwegian accounting standard does.
Errors and discrepancies can occur in the accounting data. These discrepancies can have a number of sources:
- Errors in the reporting institutions' accounts
- Errors in the transfer of data from the institution's primary accounts to recipients
- Different accounting and evaluation principles
- Different accounting dates for transactions
- Insufficient data from the reporting parties
- Processing errors
Due to large amounts of data and a dynamic control and revision system, published data will be regarded as preliminary until next years data for the same period is published. This means that data for the current year may be revised without this being marked in the preceeding publishing. Large and important revision however, will be commented upon in the publishing of Today's Statistics.
Not relevant