Updated
Next update
Key figures
1 663 550
NOK million, assets for life-insurance companies
Total | ||
---|---|---|
3rd quarter 2018 | 3rd quarter 2019 | |
Life insurance companies | ||
Assets | 1 564 084 | 1 663 550 |
Earned premiums, net of reinsurance | 89 545 | 95 047 |
Gross claims payment | 43 088 | 45 401 |
Profitt/loss before tax and allocation to customers | 16 911 | 15 840 |
Net income from financial assets | 42 884 | 101 125 |
Value-adjusted profitt/loss | 8 102 | 41 990 |
Non-life insurance companies | ||
Assets | 246 203 | 255 344 |
Earned premiums | 51 008 | 54 740 |
Gross claims payments | 41 377 | 44 793 |
Profitt/loss on ordinary activities | 7 392 | 13 290 |
Balance on the technical account for non-life insurance | 4 626 | 3 964 |
Net income from financial assets | 3 246 | 9 839 |
See selected tables from this statistics
Table 1
Life insurance companies. Profitt and loss account. NOK Million
3rd quarter 2018 | 4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|---|
11st quarter of 2016: Closed series | |||||
21st quarter of 2016: Changes in complementary provisions is discontinued, the remaining items are continued | |||||
Earned premiums, net of reinsurance | 89 545 | 112 909 | 30 261 | 64 532 | 95 047 |
Gross premiums written | 78 269 | 99 932 | 25 863 | 56 363 | 83 667 |
Reinsurers share of gross premiums written | -574 | -912 | -225 | -383 | -544 |
Transfers of premium reserve from other companies | 11 850 | 13 888 | 4 623 | 8 552 | 11 924 |
Claims incurred, net of reinsurance | 54 851 | 73 044 | 20 128 | 38 806 | 56 978 |
Gross claims payment | 43 088 | 59 169 | 15 385 | 30 471 | 45 401 |
Reinsurance share of gross claims payments | -376 | -319 | -131 | -259 | -410 |
Other appropriations1 | .. | .. | .. | .. | .. |
Transfers of premiumreserve etc. to other companies | 12 138 | 14 194 | 4 874 | 8 593 | 11 987 |
Net change in technical provisions | 66 105 | 34 616 | 57 096 | 94 063 | 126 355 |
Premium reserve | 55 811 | 40 525 | 35 285 | 62 445 | 85 028 |
Other technical provisions2 | -456 | 3 291 | -24 | -774 | -957 |
To/from revaluation reserve | 970 | -14 954 | 18 957 | 25 546 | 34 216 |
Means allocated insurance contracts | 9 780 | 5 754 | 2 878 | 6 845 | 8 067 |
Other operating income/ costs | -4 340 | -6 551 | -1 715 | -3 503 | -5 067 |
Commision received | 39 | 67 | -3 | 10 | -5 |
Operating income, real property | 1 | 100 | 42 | 52 | 62 |
Other operating income | 1 300 | 1 696 | 357 | 937 | 1 463 |
Personell costs | 2 942 | 3 092 | 847 | 1 683 | 2 404 |
Commision submitted | 595 | 768 | 251 | 499 | 702 |
Operating costs, real property | 1 | 1 | 0 | 0 | 1 |
Depreciations of non-financial assets | 270 | 336 | 58 | 114 | 195 |
Other operating costs | 1 872 | 4 217 | 956 | 2 206 | 3 287 |
Investment income /costs | 26 444 | 36 055 | 9 535 | 20 411 | 32 218 |
Interest income bonds and certificates | 16 166 | 22 031 | 4 902 | 9 930 | 14 982 |
Interest income other assets | 3 853 | 5 768 | 1 493 | 3 509 | 5 860 |
Share dividend etc. | 7 378 | 9 592 | 3 571 | 7 853 | 12 678 |
Interest costs | 953 | 1 336 | 431 | 881 | 1 302 |
Gains/losses, value (re-)adjustments on financial assets | 16 440 | -25 655 | 41 004 | 57 022 | 68 907 |
Realized gains/losses | 9 980 | 9 942 | -10 | 3 987 | 3 102 |
Shares, participations and primary capital certificates | 9 985 | 12 873 | 3 880 | 8 515 | 12 260 |
Bonds and certificates | -183 | 2 182 | -289 | -391 | 1 620 |
Financial derivatives | -153 | -6 120 | -3 015 | -3 486 | -10 004 |
Land and buildings | 391 | 369 | .. | 1 | 1 |
Other realized gains/losses | -60 | 639 | -586 | -653 | -776 |
Net change in value | 6 460 | -35 596 | 41 014 | 53 035 | 65 806 |
Shares, participations and primary capital certificates | 1 506 | -26 897 | 27 982 | 34 738 | 48 896 |
Bonds and certificates | -2 560 | -1 679 | 884 | 1 271 | 2 633 |
Financial derivatives | 4 832 | -2 955 | 6 482 | 8 764 | 4 017 |
Land and buildings | 0 | 0 | .. | .. | .. |
Other net change in value | 2 682 | -4 066 | 5 666 | 8 262 | 10 259 |
Profitt/loss on ordinary activities | 7 131 | 9 099 | 1 861 | 5 593 | 7 773 |
Other result components | -28 | -28 | -86 | -89 | -100 |
Tax | 1 431 | -81 | 350 | 999 | 1 320 |
Total Profitt/loss | 5 672 | 9 152 | 1 425 | 4 505 | 6 353 |
Specifications | |||||
Balance on the technical account for life insurance | 4 677 | 13 243 | 840 | 2 564 | 4 254 |
Value-adjusted profitt/loss | 8 102 | -5 855 | 20 817 | 31 139 | 41 990 |
Table 2
Life insurance companies. Balance sheet by financial instrument. NOK Million
3rd quarter 2018 | 4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|---|
11st quarter of 2016: complementary provisions is discontinues, premium reserve is continued | |||||
21st quarter of 2016: Closed series | |||||
Assets | |||||
Intangible assets | 1 774 | 2 743 | 2 711 | 2 816 | 2 748 |
Tangible fixed assets | 1 014 | 1 076 | 1 417 | 1 342 | 1 401 |
Land and buildings | 895 | 962 | 994 | 988 | 979 |
Machinery, equipment and vehicles | 120 | 115 | 423 | 354 | 422 |
Capital investments | 1 381 410 | 1 360 395 | 1 411 851 | 1 435 032 | 1 469 778 |
Shares, participation and primary capital certificate | 210 924 | 204 506 | 212 803 | 225 791 | 229 033 |
Shares in securities' fund | 597 625 | 569 130 | 612 832 | 627 107 | 651 290 |
Bonds and certificates | 563 645 | 579 178 | 577 320 | 572 158 | 576 363 |
Financial derivatives | 4 690 | 3 041 | 3 781 | 6 095 | 3 363 |
Other capital investment | 4 526 | 4 540 | 5 116 | 3 881 | 9 730 |
Loans | 137 566 | 144 969 | 143 891 | 147 533 | 146 842 |
Remaining claims | 19 027 | 6 231 | 7 777 | 15 371 | 20 426 |
Insurance claims | 16 438 | 1 531 | 2 920 | 10 317 | 15 181 |
Reinsurance share of technical provisions | 961 | 1 490 | 1 619 | 1 553 | 1 586 |
Other claims | 1 627 | 3 210 | 3 238 | 3 502 | 3 659 |
Cash and bank deposits | 23 293 | 24 883 | 23 296 | 29 778 | 22 355 |
Total assets | 1 564 084 | 1 540 297 | 1 590 944 | 1 631 871 | 1 663 550 |
Liabilities and equity capital | |||||
Eqiuty capital | 106 650 | 105 491 | 105 487 | 108 422 | 111 562 |
Deposit capital | 42 113 | 42 241 | 42 232 | 42 853 | 44 086 |
Company capital | 7 612 | 7 612 | 7 601 | 7 579 | 7 579 |
Share premium account | 17 920 | 17 920 | 17 920 | 17 920 | 17 920 |
Other deposit capital | 16 581 | 16 709 | 16 711 | 17 354 | 18 587 |
Retained earnings | 64 537 | 63 250 | 63 255 | 65 569 | 67 477 |
Other equity | 59 158 | 63 250 | 62 066 | 61 612 | 61 977 |
Not allocated profit | 5 379 | .. | 1 190 | 3 958 | 5 499 |
Subordinated liabilities | 25 613 | 28 008 | 27 812 | 27 513 | 28 824 |
Bonds | 16 043 | 16 938 | 16 742 | 16 443 | 17 754 |
Other subordinated loans | 9 570 | 11 070 | 11 070 | 11 070 | 11 070 |
Technical provisions | 1 411 391 | 1 378 403 | 1 435 144 | 1 471 660 | 1 499 899 |
Premium reserve1 | 1 265 116 | 1 251 183 | 1 286 748 | 1 313 575 | 1 336 533 |
Additional provisions | 51 173 | 54 945 | 54 708 | 54 651 | 54 461 |
Revaluation reserve | 64 940 | 49 016 | 67 972 | 74 562 | 83 232 |
Net provision for outstanding claims2 | .. | .. | .. | .. | .. |
Premium and pension provision | 19 610 | 21 500 | 21 651 | 21 530 | 17 391 |
Net other technical provisions | 1 406 | 1 759 | 1 619 | 1 479 | 1 474 |
Unallocated surplus funds to insurance contracts | 9 146 | .. | 2 446 | 5 863 | 6 808 |
Provisions for other charges | 5 485 | 3 820 | 4 392 | 4 501 | 4 625 |
Provisions for pension | 912 | 915 | 981 | 1 002 | 990 |
Deffered tax | 4 479 | 2 782 | 2 976 | 3 094 | 3 162 |
Other provisions for charges | 95 | 123 | 436 | 406 | 474 |
Remaining liabilites | 14 946 | 24 575 | 18 108 | 19 775 | 18 640 |
Expences accrued | 621 | 878 | 808 | 703 | 612 |
Deffered income | 17 | 11 | 17 | 13 | 18 |
Payable tax | 103 | 1 384 | 1 442 | 2 015 | 2 159 |
Dividend | .. | .. | .. | .. | .. |
Insurance liabilities | 4 033 | 4 133 | 4 076 | 2 397 | 3 689 |
Other liabilities | 9 138 | 8 020 | 10 256 | 14 022 | 8 533 |
Financial derivatives | 1 033 | 10 147 | 1 508 | 626 | 3 628 |
Total libilities | 1 564 084 | 1 540 297 | 1 590 944 | 1 631 871 | 1 663 550 |
Specifications | |||||
Number of companies | 18 | 18 | 18 | 17 | 16 |
Loan with morgage on dwelling | 42 492 | 41 910 | 40 278 | 40 283 | 40 204 |
Net tehcnical provisions where the risk is borne by the policyholder | 334 692 | 315 557 | 344 387 | 359 234 | 373 781 |
Table 3
Life insurance companies. Investments in shares, participations and primary capital certificates by sector. NOK Million
3rd quarter 2018 | 4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|---|
Sum all sectors | 808 549 | 773 636 | 825 635 | 852 898 | 880 323 |
Non-financial corporations | 126 234 | 129 873 | 123 841 | 136 157 | 134 482 |
Public unincorporated enterprises, owned by central government | .. | .. | .. | .. | .. |
Public incorporated enterprises, owned by central government | 951 | 852 | 411 | 484 | 510 |
Public unincorporated enterprises, owned by local government | .. | .. | .. | .. | .. |
Public incorporated enterprises, owned by local government | 234 | 257 | 257 | 264 | 260 |
Private non-financial incorporated enterprises | 125 050 | 128 764 | 123 174 | 135 410 | 133 713 |
Private non-financial unincorporated enterprises | .. | .. | .. | .. | .. |
Private non-profit institutions serving enterprises | .. | .. | .. | .. | .. |
Financial corporations | 465 163 | 450 863 | 489 354 | 496 464 | 513 159 |
Norges Bank | .. | .. | .. | .. | .. |
Banks | 118 | 92 | 98 | 97 | 95 |
Mortgage companies | .. | .. | .. | .. | .. |
Finance companies | .. | .. | .. | .. | .. |
State lending institutions etc. | .. | .. | .. | .. | .. |
Financial holding companies | 2 889 | 2 727 | 2 375 | 2 374 | 2 396 |
Mutual funds | 455 416 | 428 964 | 457 491 | 464 436 | 479 315 |
Investment trusts and private equity funds | 1 527 | 13 568 | 23 538 | 24 091 | 25 754 |
Other financial enterprises, except insurance companies and pension funds | 2 574 | 2 914 | 3 165 | 2 770 | 2 887 |
Life insurance companies and pension funds | 519 | 513 | 512 | 491 | 493 |
Non-life insurance companies | 2 120 | 2 084 | 2 176 | 2 206 | 2 219 |
General government | .. | .. | .. | .. | .. |
Central government | .. | .. | .. | .. | .. |
Local government | .. | .. | .. | .. | .. |
Non-profit institutions serving households | .. | .. | .. | .. | .. |
Households | .. | .. | .. | .. | .. |
Unincorporated enterprises within households | .. | .. | .. | .. | .. |
Private non-financial unincorporated enterprises inclusive housing cooperatives etc. | .. | .. | .. | .. | .. |
Employees, recipients of property income, pensions and social contributions, students etc. | .. | .. | .. | .. | .. |
Unspecified sector | .. | .. | .. | .. | .. |
Rest of the world | 217 151 | 192 900 | 212 439 | 220 277 | 232 681 |
Table 4
Life insurance companies. Holding of bonds and certificates by issuing sector. NOK Million
3rd quarter 2018 | 4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|---|
Sum all sectors | 563 645 | 579 178 | 577 320 | 572 158 | 576 363 |
Non-financial corporations | 93 741 | 96 833 | 94 882 | 91 495 | 90 262 |
Public unincorporated enterprises, owned by central government | .. | .. | .. | .. | .. |
Public incorporated enterprises, owned by central government | 24 666 | 26 377 | 24 685 | 24 265 | 24 145 |
Public unincorporated enterprises, owned by local government | .. | .. | .. | .. | .. |
Public incorporated enterprises, owned by local government | 25 247 | 24 618 | 24 662 | 21 115 | 21 357 |
Private non-financial incorporated enterprises | 43 828 | 45 838 | 45 535 | 46 116 | 44 760 |
Private non-financial unincorporated enterprises | .. | .. | .. | .. | .. |
Private non-profit institutions serving enterprises | .. | .. | .. | .. | .. |
Financial corporations | 113 999 | 115 630 | 112 410 | 113 128 | 113 949 |
Norges Bank | .. | .. | .. | .. | .. |
Banks | 43 139 | 43 740 | 39 224 | 43 322 | 42 230 |
Mortgage companies | 70 055 | 71 066 | 72 370 | 68 943 | 69 770 |
Finance companies | .. | .. | .. | .. | .. |
State lending institutions etc. | .. | .. | .. | .. | .. |
Financial holding companies | 42 | 42 | 37 | 37 | 37 |
Mutual funds | .. | .. | .. | .. | .. |
Investment trusts and private equity funds | .. | .. | .. | .. | .. |
Other financial enterprises, except insurance companies and pension funds | 507 | 532 | 525 | 567 | 1 641 |
Life insurance companies and pension funds | 168 | 163 | 165 | 171 | 177 |
Non-life insurance companies | 88 | 87 | 89 | 88 | 95 |
General government | 40 205 | 38 750 | 38 448 | 37 900 | 37 130 |
Central government | 21 985 | 18 350 | 19 090 | 20 380 | 19 125 |
Local government | 18 220 | 20 400 | 19 359 | 17 519 | 18 005 |
Non-profit institutions serving households | .. | .. | .. | .. | .. |
Households | .. | .. | .. | .. | .. |
Rest of the world | 315 701 | 327 965 | 331 581 | 329 635 | 335 022 |
Table 5
Life insurance companies. Total utilized loans by borrower sector. NOK Million
3rd quarter 2018 | 4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|---|
Sum all sectors | 137 566 | 144 969 | 143 891 | 147 533 | 146 842 |
Non-financial corporations | 22 495 | 43 241 | 42 269 | 43 897 | 42 764 |
Public unincorporated enterprises, owned by central government | .. | .. | .. | .. | .. |
Public incorporated enterprises, owned by central government | .. | .. | .. | .. | .. |
Public unincorporated enterprises, owned by local government | 447 | 473 | 529 | 613 | 643 |
Public incorporated enterprises, owned by local government | 2 494 | 2 464 | 2 457 | 2 457 | 2 274 |
Private non-financial incorporated enterprises | 19 549 | 40 300 | 39 279 | 40 823 | 39 844 |
Private non-financial unincorporated enterprises | .. | .. | .. | .. | .. |
Private non-profit institutions serving enterprises | 4 | 4 | 4 | 4 | 4 |
Financial corporations | 18 473 | 3 463 | 3 065 | 2 992 | 2 567 |
Norges Bank | .. | .. | .. | .. | .. |
Banks | .. | .. | .. | .. | .. |
Mortgage companies | .. | .. | .. | .. | .. |
Finance companies | .. | .. | .. | .. | .. |
State lending institutions etc. | .. | .. | .. | .. | .. |
Financial holding companies | 16 362 | 614 | 615 | 489 | 15 |
Mutual funds | .. | .. | .. | .. | .. |
Investment trusts and private equity funds | 1 619 | 1 997 | 1 952 | 1 992 | 2 005 |
Other financial enterprises, except insurance companies and pension funds | 492 | 852 | 497 | 512 | 547 |
Life insurance companies and pension funds | .. | .. | .. | .. | .. |
Non-life insurance companies | .. | .. | .. | .. | .. |
General government | 43 049 | 45 105 | 45 906 | 48 234 | 49 541 |
Central government | 6 204 | 6 642 | 7 013 | 6 957 | 6 654 |
Local government | 36 845 | 38 463 | 38 893 | 41 277 | 42 886 |
Non-profit institutions serving households | 425 | 413 | 415 | 418 | 468 |
Households | 42 604 | 42 019 | 40 387 | 40 388 | 40 308 |
Unincorporated enterprises within households | 0 | 0 | 0 | 0 | 0 |
Private non-financial unincorporated enterprises inclusive housing cooperatives etc. | 111 | 108 | 108 | 105 | 103 |
Employees, recipients of property income, pensions and social contributions, students etc. | 42 493 | 41 911 | 40 279 | 40 283 | 40 205 |
Unspecified sector | .. | .. | .. | .. | .. |
Rest of the world | 10 521 | 10 727 | 11 850 | 11 603 | 11 193 |
Table 6
Non-life insurance company. Profitt and loss account. NOK Million
3rd quarter 2018 | 4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|---|
11st quarter of 2016: Closed series | |||||
21st quarter of 2016: Changes in the equalization provision are discontinued. Changes in the provisions for unexpired risk is continued. | |||||
Earned premiums, net of reinsurance | 51 008 | 69 085 | 17 301 | 35 679 | 54 740 |
Gross premiums written | 64 526 | 82 689 | 33 156 | 52 659 | 70 069 |
Reinsurers share of gross premiums writtens | -9 376 | -12 213 | -4 771 | -6 834 | -9 586 |
Gross change in the provision for unearned premiums | -4 574 | -1 140 | -12 885 | -11 455 | -6 214 |
Reinsurance share | 432 | -252 | 1 801 | 1 309 | 472 |
Claims incurred and net change in technical provisions | 36 932 | 49 783 | 13 614 | 26 627 | 40 693 |
Gross claims payment | 41 377 | 58 339 | 15 489 | 30 057 | 44 793 |
Reinsurers share of gross claims payments | -5 328 | -7 720 | -1 688 | -2 949 | -5 331 |
Gross change in the provision for outstanding claims | 489 | -699 | -337 | -710 | 1 344 |
Reinsurers share, gross change in the provision for outstanding claims | 360 | -215 | 140 | 219 | -75 |
Bonus and rebates1 | .. | .. | .. | .. | .. |
Net change in technical provision2 | 34 | 77 | 10 | 10 | -37 |
Other operating income/ costs | -9 930 | -12 845 | -3 406 | -6 973 | -10 596 |
Commision received | 140 | 188 | 59 | 108 | 152 |
Operating income, real property | 27 | 61 | 9 | 19 | 17 |
Other operating income | 507 | 428 | 109 | 248 | 372 |
Personell costs | 5 662 | 6 903 | 1 930 | 3 810 | 5 804 |
Commision submitted | 2 355 | 3 305 | 899 | 1 880 | 2 737 |
Operating costs, real property | 11 | 14 | 7 | 7 | 7 |
Depreciations of non-financial assets | 329 | 455 | 125 | 310 | 475 |
Other operating costs | 2 248 | 2 845 | 622 | 1 341 | 2 112 |
Investment income /costs | 2 597 | 3 335 | 1 093 | 2 049 | 2 717 |
Interest income | 2 156 | 3 018 | 698 | 1 511 | 2 184 |
Share dividend etc. | 564 | 485 | 450 | 643 | 694 |
Interest costs | 123 | 167 | 54 | 105 | 161 |
Gains/losses, value (re-)adjustments on financial assets | 649 | -1 440 | 5 421 | 6 285 | 7 122 |
Net realized gains/losses | 2 166 | 2 273 | 3 195 | 3 579 | 3 570 |
Net change in value | -1 517 | -3 713 | 2 226 | 2 706 | 3 552 |
Profitt/loss on ordinary activities | 7 392 | 8 353 | 6 794 | 10 413 | 13 290 |
Other result components | -57 | .. | .. | .. | .. |
Tax | 1 747 | 2 273 | 623 | 1 448 | 1 899 |
Total Profitt/loss | 5 588 | 6 080 | 6 171 | 8 966 | 11 391 |
Specifications | |||||
Balance on the technical account for non-life insurance | 4 626 | 8 523 | 442 | 2 410 | 3 964 |
Table 7
Non-life insurance companies. Balance sheet by financial instrument. NOK Million
3rd quarter 2018 | 4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|---|
11st quarter of 2016: The Equalization provision discontinued. The provision for unexpired risk is continued. | |||||
21st quarter of 2016: Closed series | |||||
Assets | |||||
Intangible assets | 5 959 | 6 120 | 8 011 | 8 048 | 8 071 |
Tangible fixed assets | 1 423 | 1 428 | 2 599 | 2 509 | 2 068 |
Land and buildings | 718 | 744 | 738 | 752 | 359 |
Machinery, equipment and vehicles | 705 | 684 | 1 861 | 1 757 | 1 710 |
Capital investments | 151 472 | 147 393 | 152 128 | 150 468 | 151 602 |
Shares, participation and primary capital certificates | 21 785 | 21 250 | 19 162 | 18 789 | 17 436 |
Shares in securities' fund | 33 369 | 31 481 | 34 778 | 33 209 | 35 293 |
Bonds and certificates | 95 291 | 93 630 | 97 143 | 97 200 | 97 559 |
Financial derivatives | 516 | 320 | 390 | 499 | 442 |
Other capital investments | 511 | 712 | 655 | 771 | 872 |
Loans | 3 143 | 3 971 | 3 744 | 3 736 | 3 725 |
Reinsurance share of technical provisions | 19 930 | 21 110 | 21 401 | 20 442 | 21 577 |
Remaining claims | 55 388 | 56 360 | 61 393 | 60 483 | 56 112 |
Insurance claims | 24 234 | 25 122 | 30 942 | 29 905 | 27 292 |
Other claims | 31 154 | 31 238 | 30 451 | 30 578 | 28 819 |
Cash and bank deposits | 8 890 | 9 762 | 13 675 | 9 461 | 12 189 |
Total assets | 246 203 | 246 143 | 262 952 | 255 147 | 255 344 |
Liabilities and equity capital | |||||
Eqiuty capital | 80 741 | 75 782 | 80 784 | 83 440 | 84 792 |
Deposit capital | 14 651 | 14 605 | 16 774 | 16 760 | 16 762 |
Company capital | 4 842 | 4 859 | 4 695 | 4 560 | 4 584 |
Share premium account | 4 160 | 3 937 | 6 636 | 6 636 | 6 636 |
Other deposit capital | 5 649 | 5 810 | 5 443 | 5 564 | 5 542 |
Retained earnings | 66 090 | 61 177 | 64 010 | 66 680 | 68 030 |
Other equity | 58 797 | 61 177 | 54 948 | 55 332 | 54 854 |
Not allocated profit | 7 293 | .. | 9 062 | 11 347 | 13 176 |
Subordinated liabilities | 3 125 | 3 201 | 3 201 | 3 238 | 3 236 |
Bonds | 2 846 | 2 922 | 2 922 | 2 924 | 2 922 |
Other subordinated loans | 279 | 279 | 279 | 314 | 314 |
Technical provisions | 129 360 | 126 442 | 136 837 | 133 733 | 130 614 |
Gross provision for unearned premium | 33 718 | 30 844 | 42 228 | 40 540 | 35 638 |
Gross Provision for outstanding claims | 89 861 | 89 978 | 88 513 | 87 161 | 90 155 |
Gross provision for bonuses and rebates2 | .. | .. | .. | .. | .. |
Equalization provision1 | 5 780 | 5 620 | 6 096 | 6 033 | 4 821 |
Other technical provision2 | .. | .. | .. | .. | .. |
Provisions for other charges | 10 649 | 10 362 | 11 719 | 11 689 | 11 580 |
Provisions for pension | 1 596 | 1 569 | 1 569 | 1 558 | 1 697 |
Deffered tax | 7 961 | 7 561 | 7 672 | 7 716 | 7 455 |
Other provisions for charges | 1 091 | 1 232 | 2 477 | 2 414 | 2 428 |
Remaning liabilites | 22 329 | 30 356 | 30 410 | 23 047 | 25 122 |
Expences accrued | 1 431 | 1 640 | 1 562 | 1 417 | 1 464 |
Deffered income | 122 | 280 | 157 | 125 | 114 |
Payable tax | 1 502 | 1 991 | 1 513 | 1 267 | 1 918 |
Dividend | .. | 6 543 | 5 996 | .. | .. |
Insurance liabilities | 4 927 | 4 905 | 6 407 | 6 145 | 5 909 |
Other liabilities | 14 140 | 14 284 | 14 500 | 13 859 | 15 135 |
Financial derivatives | 207 | 713 | 275 | 234 | 582 |
Total libilities | 246 203 | 246 143 | 262 952 | 255 147 | 255 344 |
Specifications | |||||
Number of companies | 81 | 81 | 80 | 80 | 82 |
Loan with morgage on dwelling | 229 | 255 | 266 | 260 | 258 |
Table 8
Non-life insurance companies. Investment in shares, participations and primary capital certificates by sector. NOK Million
3rd quarter 2018 | 4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|---|
Sum all sectors | 55 154 | 52 731 | 53 940 | 51 998 | 52 729 |
Non-financial corporations | 9 636 | 9 286 | 9 421 | 9 386 | 9 876 |
Public unincorporated enterprises, owned by central government | .. | .. | .. | .. | .. |
Public incorporated enterprises, owned by central government | 191 | 223 | 189 | 172 | 167 |
Public unincorporated enterprises, owned by local government | .. | .. | .. | .. | .. |
Public incorporated enterprises, owned by local government | 3 | 4 | 4 | 3 | 3 |
Private non-financial incorporated enterprises | 8 772 | 8 382 | 8 547 | 8 532 | 9 029 |
Private non-financial unincorporated enterprises | 670 | 677 | 681 | 679 | 677 |
Private non-profit institutions serving enterprises | .. | .. | .. | .. | .. |
Financial corporations | 21 814 | 20 346 | 19 700 | 19 660 | 19 800 |
Norges Bank | .. | .. | .. | .. | .. |
Banks | 2 669 | 2 746 | 306 | 323 | 323 |
Mortgage companies | .. | .. | .. | .. | .. |
Finance companies | .. | .. | .. | .. | .. |
State lending institutions etc. | .. | .. | .. | .. | .. |
Financial holding companies | 237 | 183 | 186 | 164 | 153 |
Mutual funds | 17 198 | 15 554 | 17 345 | 17 252 | 17 405 |
Investment trusts and private equity funds | 662 | 687 | 678 | 698 | 708 |
Other financial enterprises, except insurance companies and pension funds | 293 | 418 | 422 | 481 | 479 |
Life insurance companies and pension funds | 682 | 682 | 682 | 682 | 682 |
Non-life insurance companies | 73 | 76 | 81 | 60 | 51 |
General government | .. | .. | .. | .. | .. |
Central government | .. | .. | .. | .. | .. |
Local government | .. | .. | .. | .. | .. |
Non-profit institutions serving households | .. | .. | .. | .. | .. |
Households | .. | .. | .. | .. | .. |
Rest of the world | 23 704 | 23 100 | 24 819 | 22 952 | 23 053 |
Table 9
Non-life insurance companies. Holdings of bonds and certificates by issuing sector. NOK Million
3rd quarter 2018 | 4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|---|
Sum all sectors | 95 291 | 93 630 | 97 143 | 97 200 | 97 559 |
Non-financial corporations | 13 869 | 13 833 | 14 092 | 15 686 | 14 656 |
Public unincorporated enterprises, owned by central government | .. | .. | .. | .. | .. |
Public incorporated enterprises, owned by central government | 1 506 | 1 461 | 1 537 | 1 711 | 1 579 |
Public unincorporated enterprises, owned by local government | .. | .. | .. | .. | .. |
Public incorporated enterprises, owned by local government | 5 303 | 5 284 | 5 205 | 5 084 | 4 916 |
Private non-financial incorporated enterprises | 7 060 | 7 089 | 7 350 | 8 891 | 8 162 |
Private non-financial unincorporated enterprises | .. | .. | .. | .. | .. |
Private non-profit institutions serving enterprises | .. | .. | .. | .. | .. |
Financial corporations | 37 329 | 36 223 | 38 492 | 37 074 | 36 555 |
Norges Bank | .. | .. | .. | .. | .. |
Banks | 13 858 | 13 239 | 14 109 | 14 416 | 14 502 |
Mortgage companies | 23 204 | 22 814 | 24 197 | 22 478 | 21 938 |
Finance companies | .. | .. | .. | .. | .. |
State lending institutions etc. | .. | .. | .. | .. | .. |
Financial holding companies | 73 | 46 | 51 | 43 | 15 |
Mutual funds | .. | .. | .. | .. | .. |
Investment trusts and private equity funds | .. | .. | .. | .. | .. |
Other financial enterprises, except insurance companies and pension funds | 44 | 5 | 5 | 5 | 2 |
Life insurance companies and pension funds | 20 | 6 | 6 | 6 | 6 |
Non-life insurance companies | 129 | 113 | 125 | 125 | 92 |
General government | 14 888 | 14 108 | 15 654 | 12 773 | 13 059 |
Central government | 5 110 | 4 802 | 6 037 | 4 524 | 3 743 |
Local government | 9 778 | 9 306 | 9 617 | 8 249 | 9 316 |
Non-profit institutions serving households | .. | .. | .. | .. | .. |
Households | .. | .. | .. | .. | .. |
Unincorporated enterprises within households | .. | .. | .. | .. | .. |
Private non-financial unincorporated enterprises inclusive housing cooperatives etc. | .. | .. | .. | .. | .. |
Employees, recipients of property income, pensions and social contributions, students etc. | .. | .. | .. | .. | .. |
Unspecified sector | .. | .. | .. | .. | .. |
Rest of the world | 29 206 | 29 465 | 28 906 | 31 667 | 33 289 |
Table 10
Non-life insurance companies. Total utilized loans by borrower sector. NOK Million
3rd quarter 2018 | 4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|---|
Sum all sectors | 3 143 | 3 971 | 3 744 | 3 736 | 3 725 |
Non-financial corporations | 2 143 | 2 786 | 2 693 | 2 713 | 2 715 |
Public unincorporated enterprises, owned by central government | .. | .. | .. | .. | .. |
Public incorporated enterprises, owned by central government | .. | .. | .. | .. | .. |
Public unincorporated enterprises, owned by local government | .. | .. | .. | .. | .. |
Public incorporated enterprises, owned by local government | .. | .. | .. | .. | .. |
Private non-financial incorporated enterprises | 2 143 | 2 786 | 2 693 | 2 713 | 2 715 |
Private non-financial unincorporated enterprises | .. | .. | .. | .. | .. |
Private non-profit institutions serving enterprises | .. | .. | .. | .. | .. |
Financial corporations | 718 | 882 | 739 | 750 | 741 |
Norges Bank | .. | .. | .. | .. | .. |
Banks | 0 | 77 | 0 | 0 | 0 |
Mortgage companies | .. | .. | .. | .. | .. |
Finance companies | .. | .. | .. | .. | .. |
State lending institutions etc. | .. | .. | .. | .. | .. |
Financial holding companies | .. | .. | .. | .. | .. |
Mutual funds | .. | .. | .. | .. | .. |
Investment trusts and private equity funds | 598 | 631 | 658 | 668 | 658 |
Other financial enterprises, except insurance companies and pension funds | 113 | 151 | 74 | 75 | 76 |
Life insurance companies and pension funds | .. | .. | .. | .. | .. |
Non-life insurance companies | 7 | 22 | 7 | 7 | 7 |
General government | .. | .. | .. | .. | .. |
Central government | .. | .. | .. | .. | .. |
Local government | .. | .. | .. | .. | .. |
Non-profit institutions serving households | .. | .. | .. | .. | .. |
Households | 282 | 303 | 311 | 272 | 269 |
Unincorporated enterprises within households | 51 | 48 | 44 | 12 | 10 |
Private non-financial unincorporated enterprises inclusive housing cooperatives etc. | .. | .. | .. | .. | .. |
Employees, recipients of property income, pensions and social contributions, students etc. | 231 | 256 | 267 | 260 | 258 |
Unspecified sector | .. | .. | .. | .. | .. |
Rest of the world | 0 | 0 | 0 | 0 | 0 |
See all figures from this statistics
07505: Life insurance companies. Balance sheet, by financial instrument (quarterly)
07506: Life insurance companies. Profit and loss account (quarterly)
09583: Life and non-life insurance companies. Securities and loans (quarterly)
07507: Non-life insurance companies. Balance sheet, by financial instrument (quarterly)
07508: Non-life insurance companies. Profit and loss account (quarterly)
About the statistics
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.
Definitions
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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.
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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.
Administrative information
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Name: Life and non-life insurance companies, accounts
Topic: Banking and financial markets
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Division for Financial Markets Statistics
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Only at the national level.
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Annual and quarterly.
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Eurostat
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Publication-ready data are stored in a FAME-database
Background
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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.
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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.
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Not relevant
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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.
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Statistics Act Section 3-2 (state lending institutions), Act on the Supervision on Credit Institutions, Insurance Companies and Securities Trading, etc., Sections 1 and 4 (insurance companies).
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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
Production
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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.
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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).
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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.
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Not relevant
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Not relevant
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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.
Accuracy and reliability
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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.
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Not relevant
Contact
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Kjell Hammer
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Ola Tveita