4719_not-searchable
/en/bank-og-finansmarked/statistikker/forsikring/arkiv
4719
Improved results for insurance
statistikk
2009-09-14T10:00:00.000Z
Banking and financial markets
en
forsikring, Life and non-life insurance companies, accounts, profit and loss account, shares, bonds, commercial papers, primary capital certificates, financial instruments, liabilities, equity, lending, borrowers, issuersFinancial institutions and other financial corporations, Banking and financial markets
false

Life and non-life insurance companies, accounts, Q2 2009

Variants of the statistics:

Content

Published:

This is an archived release.

Go to latest release

Improved results for insurance

Both non-life and life insurance companies have achieved better results in the two first quarters of 2009 compared to last year. This is mainly due to the increase in the net income from financial assets.

The value-adjusted results for life insurance companies achieved a preliminary profit of NOK 5.8 billion; an increase of NOK 23.2 billion compared with the two first quarters of 2008. This was mainly due to the improvement in the net income from financial assets of NOK 28.5 billion.

While the earned premium for life insurance companies decreased by 3 per cent, the claims incurred sank by 30 per cent from the two first quarters of 2008 to the corresponding period in 2009.

Life insurance. Profit and loss account. NOK million
 
  2nd quarter 2009 2nd quarter 2008
 
Earned premiums, exclusive of transfers to other companies 37 555 38 713
Claims incurred 23 941 34 397
Profit/loss before tax and allocation to customers 5 667 -862
     
Net income from financial assets 16 900 -11 600
Value-adjusted profit/loss 5 797 -17 354
 

Investments in subsidiaries and other shares, participation and primary capital certificates made up 33 per cent of total assets; a decrease of 7 per cent compared to the corresponding quarter last year. Bonds made up 46 per cent of total assets; an increase from 41 per cent compared with the second quarter of 2008.

Life insurance. Balance sheet. NOK million
 
  2nd quarter 2009 2nd quarter 2008
 
Total assets  752 619  746 196
Investments in subsidiaries and other shares, participation and primary capital certificates  249 138  298 505
Holdings of bonds  346 140  306 350
Holdings of certificates 65 870 23 249
 

The non-life insurance industry achieved a profit of ordinary activities of NOK 4.5 billion in the second quarter of 2009. This is an increase of NOK 3.6 billion compared with the corresponding quarter of 2008. One of the main sources is the NOK 3.9 billion increase in the net income from financial assets the last year. The profit of the technical account decreased by NOK 1.2 billion.

Non-life insurance. Profit and loss account.NOK million
 
  2nd quarter 2009 2nd quarter 2008
 
Earned premiums 24 515 24 860
Claims incurred 16 885 16 669
Profit/loss of ordinary activities 4 471  884
     
Net income from financial assets 3 754 -183
Profit/loss of the technical account 2 322 3 482
 

Total assets in the non-life insurance industry improved by 4 per cent when comparing the second quarter 2009 with the corresponding quarter in 2008. Investments in subsidiaries and other shares, participation and primary capital certificates made up 20 per cent of the total assets, which is a decrease from 22 per cent compared with the corresponding quarter in 2008. Bonds made up 28 per cent of total assets in the second quarter of 2009; an increase of 2 per cent compared to the corresponding quarter last year.

Non-insurance. Balance sheet. NOK million
 
  2nd quarter 2009 2nd quarter 2008
 
Total assets  178 986  171 677
Investments in subsidiaries and other shares, participation and primary capital certificates 34 964 38 399
Holdings of bonds 49 725 43 915
Holdings of certificates 19 921 12 688
 

Tables

Published tables