Life and non-life insurance companies, accounts, Q3 2006

The earned premiums (exclusive of transfers to other companies) for the life insurance industry increased by 4 per cent since the third quarter of 2005, while the claims incurred rose by 36 per cent. Still they attained a higher profit this year compared with the same period last year. The revaluation reserve is reduced by NOK 6.3 billion since the third quarter of 2005.

The total assets increased by NOK 37 billion since the beginning of 2006. The equivalent growth in 2005 was NOK 53 billion. The bonds amounted to 49 per cent of the total assets, while the share of the investments in subsidiaries and other shares, participation and primary capital certificates amounted to 32 per cent. The stock of the certificates continued to fall, and represents now only 3 per cent of the total assets.

The non-life insurance industry

The non-life insurance industry attained a profit that is NOK 1.5 billion lower in the third quarter this year, compared with last year. The mail reason for this is foremost the lower gains from the financial assets during 2006. The technical account has improved, and amounted to NOK 4.2 billion contrary to NOK 3.3 billion in the third quarter of 2005.

The non-life insurance industry ‘s total assets decreased by NOK 1.7 billion since the second quarter, and have only increased by NOK 7.3 billion since 2005. The bonds amounted to 34 per cent of the total assets, while the share of the investments in subsidiaries and other shares, participation and primary capital certificates amounted to 20 per cent. As a share of the total assets, the stock of the certificates continues to fall, and represent now 9 per cent, compared with 14 per cent in the third quarter of 2005.

Tables

Published tables