65915_not-searchable
/en/bank-og-finansmarked/statistikker/forsikring/kvartal
65915
Decrease in result for insurance
statistikk
2012-02-28T10:00:00.000Z
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, Q4 2011

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Decrease in result for insurance

Both non-life and life insurance companies had lower profits in the 4th quarter of 2011 compared to the same period last year. This is mainly due to a decrease in the net change in value for shares, participations and primary capital certificates.

Life insurance companies achieved a value-adjusted profit of minus NOK 0.6 billion in the 4th quarter of 2011; a decrease of NOK 27.0 billion compared with the corresponding period in 2010. The main reason for the fall is the decline in the stock market in the last quarter. In the same period, the net change in value for financial assets was NOK 15 billion. Profit totalled NOK 2.8 billion; a decrease of NOK 2.6 billion from the previous year.

Life insurance. Profit and loss account. NOK million
 
 1st-4th quarter 20111st-4th quarter 2010
 
Earned premiums, exclusive of transfers to other companies85 43680 009
Claims incurred54 60551 707
Profit/loss before tax and allocation to customers6 09212 656
   
Net income from financial assets18 54754 017
Value-adjusted profit/loss-60626 594
 

Increase in total assets for life insurance companies

Life insurance companies’ total assets increased by 5.3 per cent compared to the corresponding quarter in the previous year. The holding of shares and primary capital certificates as a percentage of total assets was 42.6 per cent; a decline of 0.5 per cent from the previous year. Bonds and certificates made up 47.9 per cent of total assets; an increase of 2.2 per cent from the previous year.

Life insurance. Balance sheet. NOK million
 
 4th quarter 20114th quarter 2010
 
Total assets 907 309 862 026
Investments in subsidiaries and other shares, participation and primary capital certificates 386 859 371 015
Holdings of bonds and certificates 434 698 393 517
 

Growth in financial income

Non-life insurance companies’ financial income increased by 12.9 per cent compared with the corresponding quarter in the previous year. The main reason was that the shares dividend increased by 47.3 per cent. The profit of the technical account resulted in NOK 5.8 billion; a decrease of NOK 872 million in one year. The earned premiums and claims incurred increased by 4.9 and 4 per cent respectively in one year.

Non-life insurance. Profit and loss account.NOK million
 
 1st-4th quarter 20111st-4th quarter 2010
 
Earned premiums54 86252 321
Claims incurred40 23438 595
Profit/loss of ordinary activities7 58210 579
   
Net income from financial assets4 0027 721
Profit/loss of the technical account5 8216 693
 

Increase in total assets for non-life insurance companies

Investments in subsidiaries and other shares, participation and primary capital certificates decreased by 3.4 per cent, compared to the previous year. As a percentage of total assets, investments in subsidiaries and other shares, participation and primary capital certificates decreased by 1 percentage point compared to the previous year.

Non-insurance. Balance sheet. NOK million
 
 4th quarter 20114th quarter 2010
 
Total assets 192 712 190 069
Investments in subsidiaries and other shares, participation and primary capital certificates41 43842 898
Holdings of bonds and certificates78 83774 805
 

 

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