Life and non-life insurance companies, accounts, Q4 2006

Life insurance companies paid NOK 36 billion in life insurance and pension benefits in 2006. This is an increase of almost NOK 7 billion, or 24 per cent, compared to 2005. Earned premiums (excluding transfers to other companies) for the life insurance industry increased by 6 per cent.

Total assets increased by NOK 68 billion last year. This equals an 11 per cent growth, which is 2 percentage points lower than in 2005. Bonds made up 46 per cent of total assets, while investments in subsidiaries and other shares, participation and primary capital certificates made up 34 per cent. This is a growth of 5 percentage points from 2005. The stock of certificates continued to fall and now only represents 2 per cent of total assets.

Non - life insurance companies

The non-life insurance industry achieved a preliminary profit of NOK 8 billion in 2006. This is 14 per cent higher than in 2005, despite a decline in income from financial assets of 8 per cent. Both premiums and claims incurred remained constant. The technical account improved to NOK 6.5 billion in 2006, twice the amount in 2005.

Total assets in the non-life insurance industry increased by NOK 8 billion, or 6 per cent, in 2006. Bonds made up 33 per cent of total assets, while investments in subsidiaries and other shares, participation and primary capital certificates made up 23 per cent. As a share of total assets, the stock of certificates continued to fall, and represented 7 per cent at the end of 2006.

Tables

Published tables