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 4th quarter 2023 4th quarter 2024 Life insurance companies Assets 2 246 270 2 493 690 Premiums earned 218 970 226 193 Gross claims payment 78 187 82 725 Profit/loss on ordinary activities 7 156 12 699 Net income from financial assets 143 674 206 138 Non-life insurance companies Assets 306 206 325 812 Earned premiums 103 942 116 670 Gross claims payments 81 766 88 595 Profit/loss on ordinary activities 19 511 29 783 Net income from financial assets 13 261 18 071 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
4th quarter 2023 1st quarter 2024 2nd quarter 2024 3rd quarter 2024 4th quarter 2024 Premiums earned 218 970 52 646 121 037 176 749 226 193 Gross premiums written 169 809 35 678 91 096 134 325 170 267 Reinsurers share of gross premiums written -620 -208 -313 -394 -575 Transfers of premium reserve from other companies 49 782 17 176 30 254 42 818 56 500 Claims incurred, net of reinsurance 129 858 38 510 72 866 106 039 141 061 Gross claims payment 78 187 20 467 41 074 61 511 82 725 Reinsurance share of gross claims payments -515 -83 -162 -241 -481 Transfers of premiumreserve etc. to other companies 52 185 18 126 31 954 44 769 58 817 Net change in technical provisions 217 576 86 818 153 789 226 240 270 777 Premium reserve 183 771 62 284 118 673 171 336 203 965 Other technical provisions -3 833 445 603 206 30 To/from revaluation reserve 2 866 .. .. .. .. To/from buffer funds 11 414 196 -136 -39 18 732 Means allocated insurance contracts 23 358 23 892 34 649 54 737 48 049 Other operating income/ costs -8 056 -1 914 -3 730 -5 712 -7 794 Commision received 3 235 863 1 775 2 670 3 639 Operating income, real property -46 11 26 42 54 Other operating income 140 39 77 116 162 Personell costs 3 463 920 1 731 2 718 3 730 Commision submitted 1 773 446 916 1 336 1 876 Operating costs, real property 740 197 402 600 784 Depreciations of non-financial assets 525 114 231 358 558 Other operating costs 4 884 1 149 2 327 3 526 4 702 Investment income /costs 34 269 12 059 24 539 39 599 55 559 Interest income bonds and certificates 25 582 6 726 13 767 20 741 29 804 Interest income other assets 6 881 2 235 4 619 7 346 10 443 Share dividend etc. 4 498 3 834 7 729 13 798 18 346 Interest costs 2 691 736 1 575 2 287 3 034 Gains/losses, value (re-)adjustments on financial assets 109 405 66 005 91 319 131 737 150 579 Realized gains/losses 7 853 10 993 21 234 29 519 55 294 Shares, participations and primary capital certificates 32 437 10 716 21 526 31 553 60 756 Bonds and certificates 3 993 1 145 818 1 857 3 886 Financial derivatives -28 142 -1 156 -1 485 -4 775 -10 902 Land and buildings -122 .. 0 -1 2 Other realized gains/losses -313 288 377 885 1 552 Net change in value 101 553 55 012 70 084 102 218 95 284 Shares, participations and primary capital certificates 80 807 65 247 73 146 101 297 106 794 Bonds and certificates 7 222 3 816 3 552 8 514 5 624 Financial derivatives 10 831 -16 803 -7 996 -8 472 -17 910 Land and buildings .. .. .. .. .. Other net change in value 2 693 2 752 1 381 878 777 Profit/loss on ordinary activities 7 156 3 468 6 510 10 095 12 699 Other result components -142 161 259 171 333 Tax 1 079 614 1 322 2 021 2 656 Total profit/loss year to date 5 935 3 015 5 447 8 244 10 376 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
4th quarter 2023 1st quarter 2024 2nd quarter 2024 3rd quarter 2024 4th quarter 2024 Assets Intangible assets 4 078 4 101 4 178 4 194 4 145 Tangible fixed assets 2 207 2 173 2 172 2 149 2 113 Land and buildings 1 318 1 318 1 339 1 339 1 339 Machinery, equipment and vehicles 79 74 71 74 70 Capital investments 2 004 844 2 094 207 2 133 160 2 210 347 2 252 062 Shares, participation and primary capital certificate 352 557 373 663 375 667 394 783 415 324 Shares in securities' fund 903 073 976 707 1 001 984 1 050 644 1 083 001 Bonds and certificates 728 427 742 721 749 304 759 637 751 880 Financial derivatives 20 786 1 117 6 206 5 283 1 857 Loans 141 887 138 707 140 093 142 046 146 622 Remaining claims 50 161 52 177 70 471 54 905 56 026 Reinsurance share of technical provisions 2 237 2 258 2 267 2 278 2 294 Other claims 47 924 49 918 68 204 52 626 53 731 Cash and bank deposits 43 093 33 430 33 379 33 917 32 723 Total assets 2 246 270 2 324 795 2 383 453 2 447 557 2 493 690 Liabilities and equity capital Equity 126 790 127 913 130 343 134 261 128 887 Deposit capital 57 213 57 025 57 003 58 407 59 874 Company capital 7 089 7 089 7 089 7 089 7 089 Share premium account 19 579 19 544 19 544 19 544 19 544 Other deposit capital 30 545 30 392 30 369 31 774 33 240 Retained earnings 69 577 70 888 73 340 75 854 69 013 Other equity 69 577 61 732 62 444 63 109 61 700 Not allocated profit .. 9 156 10 896 12 745 7 313 Subordinated loan capital and other loans 34 115 26 348 27 042 26 866 26 126 Bonds 15 768 15 302 14 877 15 338 15 234 Other subordinated loans 18 347 11 047 12 164 11 528 10 892 Technical provisions in life insurance 2 014 840 2 101 261 2 167 653 2 222 003 2 264 769 Premium reserve 1 787 915 1 851 559 1 908 368 1 961 391 1 994 000 Additional provisions 16 721 .. .. .. .. Revaluation reserve 8 484 .. .. .. .. Net reserves against outstanding claims .. .. .. .. .. Buffer funds 141 597 168 448 168 121 169 525 184 986 Premium and deposit fund 54 046 53 577 53 499 36 122 72 760 Pensions' share premium fund 31 26 26 18 57 Net other technical provisions 6 047 6 088 6 405 6 378 6 372 Unallocated surplus funds to insurance contracts .. 21 564 31 234 48 568 6 594 Reserves against other liabilities 4 867 4 745 3 668 3 685 4 379 Provisions for pension 885 775 711 778 678 Deffered tax liabilities 1 584 1 607 1 613 1 649 1 481 Other provisions for charges 2 399 2 363 1 344 1 258 2 220 Remaining liabilites 65 657 64 527 54 747 60 743 69 529 Current tax liabilities 1 741 1 750 2 220 2 822 3 191 Other liabilities 58 918 51 121 48 199 53 963 51 851 Financial derivatives 4 998 11 656 4 327 3 957 14 486 Total liabilities 2 246 270 2 324 795 2 383 453 2 447 557 2 493 690 Specifications Number of companies 15 15 15 15 15 Loan with morgage on dwelling 25 497 25 465 25 679 26 287 28 030 Net tehcnical provisions where the risk is borne by the policyholder 677 760 735 355 766 499 805 192 833 600 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
4th quarter 2023 1st quarter 2024 2nd quarter 2024 3rd quarter 2024 4th quarter 2024 Premiums earned 103 942 26 908 55 066 85 169 116 670 Gross premium earned 123 243 31 042 64 034 99 421 135 882 Reinsurance share of gross premium earned -19 301 -4 135 -8 968 -14 252 -19 212 Claims incurred and net change in technical provisions 81 766 22 732 43 407 65 820 88 595 Gross claims cost 94 683 25 655 47 934 74 257 99 657 Reinsurance share of gross claims cost -12 762 -2 966 -4 151 -8 064 -10 466 Net change in technical provision -155 43 -376 -373 -596 Other operating income/ costs -15 927 -3 992 -8 053 -12 248 -16 363 Commision received 725 136 182 230 405 Operating income, real property 14 3 7 10 15 Other operating income 90 30 50 66 74 Personell costs 10 467 2 620 5 176 8 017 11 330 Commision submitted 6 518 1 497 3 070 4 631 6 512 Operating costs, real property 370 85 175 279 400 Depreciations of non-financial assets 711 145 297 459 604 Other operating costs -1 311 -186 -426 -832 -1 989 Investment income /costs 6 875 2 121 2 179 3 262 6 273 Interest income 5 260 1 925 1 986 3 020 4 962 Share dividend etc. 2 139 391 659 892 2 263 Interest costs 524 194 466 650 952 Gains/losses, value (re-)adjustments on financial assets 6 386 4 198 6 123 9 076 11 798 Net realized gains/losses 2 842 821 2 994 2 895 4 781 Net change in value 3 545 3 378 3 129 6 180 7 018 Profit/loss on ordinary activities 19 511 6 503 11 908 19 439 29 783 Other result components -478 -6 -9 41 -43 Tax 4 303 1 134 2 329 4 236 6 419 Total profit/loss year to date 14 730 5 363 9 570 15 243 23 320 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
4th quarter 2023 1st quarter 2024 2nd quarter 2024 3rd quarter 2024 4th quarter 2024 Assets Intangible assets 4 418 4 686 4 676 4 699 5 920 Tangible fixed assets 2 784 2 800 2 729 2 844 2 899 Land and buildings 514 512 524 521 805 Machinery, equipment and vehicles 546 599 587 568 662 Capital investments 188 925 195 416 199 257 202 235 205 688 Shares, participation and primary capital certificates 32 692 33 132 33 526 33 825 29 583 Shares in securities' fund 40 198 44 088 44 180 42 463 45 002 Bonds and certificates 114 939 117 038 120 977 125 162 129 744 Financial derivatives 1 095 1 158 573 785 1 359 Loans 1 925 1 949 977 964 2 140 Reinsurance share 30 498 32 180 30 328 30 817 30 029 Claims 64 930 71 400 69 561 67 215 65 471 Cash and bank deposits 12 726 20 243 12 473 14 982 13 665 Total assets 306 206 328 675 320 001 323 756 325 812 Liabilities and equity capital Eqiuty 103 982 109 869 113 444 117 659 122 560 Deposit capital 23 316 24 176 24 314 24 269 26 367 Company capital 4 818 4 818 4 839 4 839 5 643 Share premium account 9 552 9 552 9 664 9 664 11 127 Other deposit capital 8 946 9 805 9 811 9 767 9 596 Retained earnings 80 666 85 693 89 130 93 389 96 193 Other equity 80 666 70 479 71 003 71 468 79 692 Not allocated profit .. 15 214 18 127 21 922 16 501 Subordinated liabilities 5 932 6 467 6 493 6 493 7 150 Bonds 5 595 6 130 6 156 5 731 6 138 Other subordinated loans 337 337 337 762 1 012 Technical provisions in non-life insurance 150 511 164 062 161 333 159 445 152 146 Gross provision for unearned premium 37 500 50 324 49 182 42 471 36 755 Gross Provision for outstanding claims 70 831 69 681 68 324 71 004 68 279 Equalization provision 42 180 44 057 43 828 45 969 47 112 Reserves against other liabilities 7 798 8 454 8 267 8 535 7 775 Provisions for pension 1 486 1 467 1 466 1 474 1 473 Deffered tax 3 137 3 537 3 434 3 487 2 712 Other provisions for charges 3 175 3 449 3 367 3 574 3 590 Remaining liabilites 37 983 39 823 30 464 31 624 36 180 Payable tax 5 261 4 844 3 468 4 908 6 140 Dividend 5 329 5 099 21 21 7 724 Other liabilities 25 739 29 121 26 313 26 373 21 783 Financial derivatives 1 653 759 663 322 534 Total liabilities 306 206 328 675 320 001 323 756 325 812 Specifications Number of companies 72 72 75 75 74 Loan with mortgage on dwelling 1 875 1 911 911 898 2 074 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