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 these statistics
- Key Figures. NOK MillionDownload table as ...Key Figures. NOK Million
Total 2nd quarter 2024 2nd quarter 2025 Life insurance companies Assets 2 383 453 2 590 223 Premiums earned 121 037 140 318 Gross claims payment 41 074 49 879 Profit/loss on ordinary activities 6 510 7 386 Net income from financial assets 115 858 79 443 Non-life insurance companies Assets 320 001 344 375 Earned premiums 55 066 61 640 Gross claims payments 43 407 46 628 Profit/loss on ordinary activities 11 908 8 260 Net income from financial assets 8 302 905 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
2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 Premiums earned 121 037 176 749 226 193 63 217 140 318 Gross premiums written 91 096 134 325 170 267 37 928 98 703 Reinsurers share of gross premiums written -313 -394 -575 -190 -276 Transfers of premium reserve from other companies 30 254 42 818 56 500 25 479 41 892 Claims incurred, net of reinsurance 72 866 106 039 141 061 53 273 91 624 Gross claims payment 41 074 61 511 82 725 27 542 49 879 Reinsurance share of gross claims payments -162 -241 -481 -74 -155 Transfers of premiumreserve etc. to other companies 31 954 44 769 58 817 25 805 41 900 Net change in technical provisions 153 789 226 240 270 716 -6 292 116 893 Premium reserve 118 673 171 336 203 884 -2 923 91 273 Other technical provisions 603 206 2 533 355 9 To/from revaluation reserve .. .. .. .. .. To/from buffer funds -136 -39 18 732 -3 914 707 Means allocated insurance contracts 34 649 54 737 45 566 189 24 904 Other operating income/ costs -3 730 -5 712 -7 794 -1 981 -3 858 Commision received 1 775 2 670 3 639 1 007 1 965 Operating income, real property 26 42 54 16 29 Other operating income 77 116 162 33 70 Personell costs 1 731 2 718 3 729 967 1 752 Commision submitted 916 1 336 1 875 520 1 051 Operating costs, real property 402 600 784 200 401 Depreciations of non-financial assets 231 358 560 125 268 Other operating costs 2 327 3 526 4 702 1 223 2 450 Investment income /costs 24 539 39 599 55 559 15 343 30 876 Interest income bonds and certificates 13 767 20 741 29 804 7 145 14 711 Interest income other assets 4 619 7 346 10 443 2 566 5 035 Share dividend etc. 7 729 13 798 18 346 6 365 12 640 Interest costs 1 575 2 287 3 034 733 1 510 Gains/losses, value (re-)adjustments on financial assets 91 319 131 737 150 537 -26 138 48 567 Realized gains/losses 21 234 29 519 55 308 17 383 39 538 Shares, participations and primary capital certificates 21 526 31 553 60 758 14 388 24 440 Bonds and certificates 818 1 857 3 900 -180 804 Financial derivatives -1 485 -4 775 -10 904 3 434 14 684 Land and buildings 0 -1 -1 .. 0 Other realized gains/losses 377 885 1 554 -259 -391 Net change in value 70 084 102 218 95 229 -43 520 9 029 Shares, participations and primary capital certificates 73 146 101 297 106 751 -56 473 -1 996 Bonds and certificates 3 552 8 514 5 610 -2 073 402 Financial derivatives -7 996 -8 472 -17 913 17 690 11 663 Land and buildings .. .. .. .. .. Other net change in value 1 381 878 782 -2 664 -1 039 Profit/loss on ordinary activities 6 510 10 095 12 718 3 462 7 386 Other result components 259 171 328 -6 -103 Tax 1 322 2 021 2 498 499 1 265 Total profit/loss year to date 5 447 8 244 10 548 2 956 6 018 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
2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 Assets Intangible assets 4 178 4 194 4 145 4 186 4 197 Tangible fixed assets 2 172 2 149 2 222 2 191 2 155 Land and buildings 1 339 1 339 1 339 1 339 1 339 Machinery, equipment and vehicles 71 74 70 67 63 Capital investments 2 133 160 2 210 347 2 252 280 2 239 197 2 329 078 Shares, participation and primary capital certificate 375 667 394 783 415 324 399 927 427 686 Shares in securities' fund 1 001 984 1 050 644 1 083 001 1 063 332 1 136 748 Bonds and certificates 749 304 759 637 751 880 756 067 755 073 Financial derivatives 6 206 5 283 2 075 19 871 9 571 Loans 140 093 142 046 146 622 139 688 143 426 Remaining claims 70 471 54 905 56 026 42 764 65 483 Reinsurance share of technical provisions 2 267 2 278 2 294 2 341 2 319 Other claims 68 204 52 626 53 731 40 423 63 164 Cash and bank deposits 33 379 33 917 32 723 49 841 45 884 Total assets 2 383 453 2 447 557 2 494 017 2 477 867 2 590 223 Liabilities and equity capital Equity 130 343 134 261 128 974 129 157 132 675 Deposit capital 57 003 58 407 59 874 59 873 60 329 Company capital 7 089 7 089 7 089 7 089 7 090 Share premium account 19 544 19 544 19 544 19 544 20 043 Other deposit capital 30 369 31 774 33 240 33 240 33 196 Retained earnings 73 340 75 854 69 100 69 284 72 346 Other equity 62 444 63 109 69 081 61 035 61 111 Not allocated profit 10 896 12 745 19 8 249 11 235 Subordinated loan capital and other loans 27 042 26 866 26 126 32 080 23 886 Bonds 14 877 15 338 15 234 15 202 11 515 Other subordinated loans 12 164 11 528 10 892 16 878 12 371 Technical provisions in life insurance 2 167 653 2 222 003 2 264 750 2 257 686 2 378 192 Premium reserve 1 908 368 1 961 391 1 993 961 1 990 199 2 084 392 Additional provisions .. .. .. .. .. Revaluation reserve .. .. .. .. .. Net reserves against outstanding claims .. .. .. .. .. Buffer funds 168 121 169 525 187 489 183 537 189 782 Premium and deposit fund 53 499 36 122 76 871 76 360 74 336 Pensions' share premium fund 26 18 57 80 78 Net other technical provisions 6 405 6 378 6 372 7 028 6 917 Unallocated surplus funds to insurance contracts 31 234 48 568 .. 482 22 687 Reserves against other liabilities 3 668 3 685 4 505 4 429 3 514 Provisions for pension 711 778 678 701 804 Deffered tax liabilities 1 613 1 649 1 497 1 442 1 472 Other provisions for charges 1 344 1 258 2 330 2 287 1 238 Remaining liabilites 54 747 60 743 69 662 54 516 51 956 Current tax liabilities 2 220 2 822 3 107 2 917 2 805 Other liabilities 48 199 53 963 51 851 46 688 43 626 Financial derivatives 4 327 3 957 14 704 4 911 5 525 Total liabilities 2 383 453 2 447 557 2 494 017 2 477 867 2 590 223 Specifications Number of companies 15 15 15 15 15 Loan with morgage on dwelling 25 679 26 287 28 030 28 014 28 506 Net tehcnical provisions where the risk is borne by the policyholder 766 499 805 192 833 600 824 853 887 308 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
2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 Premiums earned 55 066 85 169 117 064 30 260 61 640 Gross premium earned 64 034 99 421 137 059 34 481 71 101 Reinsurance share of gross premium earned -8 968 -14 252 -19 995 -4 221 -9 461 Claims incurred and net change in technical provisions 43 407 65 820 90 052 23 079 46 628 Gross claims cost 47 934 74 257 103 145 24 739 52 092 Reinsurance share of gross claims cost -4 151 -8 064 -12 481 -1 698 -5 407 Net change in technical provision -376 -373 -612 37 -57 Other operating income/ costs -8 053 -12 248 -16 577 -3 745 -7 657 Commision received 182 230 352 143 216 Operating income, real property 7 10 15 3 7 Other operating income 50 66 64 52 79 Personell costs 5 176 8 017 11 312 2 873 5 874 Commision submitted 3 070 4 631 6 702 1 480 2 994 Operating costs, real property 175 279 403 80 166 Depreciations of non-financial assets 297 459 598 143 366 Other operating costs -426 -832 -2 007 -633 -1 441 Investment income /costs 2 179 3 262 6 336 1 564 2 675 Interest income 1 988 3 024 4 998 1 508 2 619 Share dividend etc. 659 892 2 265 322 557 Interest costs 468 654 926 267 501 Gains/losses, value (re-)adjustments on financial assets 6 123 9 076 11 976 -3 392 -1 770 Net realized gains/losses 2 994 2 895 4 817 480 -882 Net change in value 3 129 6 180 7 159 -3 873 -887 Profit/loss on ordinary activities 11 908 19 439 28 747 1 607 8 260 Other result components -9 41 -7 -42 -84 Tax 2 329 4 236 6 147 551 1 928 Total profit/loss year to date 9 570 15 243 22 594 1 014 6 248 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
2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd 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 Right-of-use asset 1 689 1 617 1 756 1 432 1 368 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 38 798 38 421 33 111 28 357 40 965 Gross Provision for outstanding claims 69 681 68 324 71 004 69 851 70 734 Gross reserves against bonuses and rebates .. .. .. .. .. Reserves against unexpired risks 206 206 205 195 6 Other technical reserves .. .. .. .. .. Liability for remaining coverage (IFRS) 11 526 10 760 9 361 8 505 12 894 Liability for incurred claims (IFRS) 43 852 43 622 45 764 46 917 47 361 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 74 76 76 Loan with mortgage on dwelling 1 911 898 2 074 2 136 1 525 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