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246124
Increase in value-adjusted profit for life insurance
statistikk
2016-02-18T10:00:00.000Z
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 insurance companies had an increase in value-adjusted profit of 9.8 per cent compared to the fourth quarter last year. This is mainly due to a 17.5 per cent increase in financial revenue.

Life and non-life insurance companies, accounts, Q4 2015

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Increase in value-adjusted profit for life insurance

Life insurance companies had an increase in value-adjusted profit of 9.8 per cent compared to the fourth quarter last year. This is mainly due to a 17.5 per cent increase in financial revenue.

Key Figures. NOK MillionPublished 18 February 2016
Total
4th quarter 20144th quarter 2015
Life insurance companies
Assets1 206 3181 288 255
Earned premiums, net of reinsurance131 726105 581
Gross claims payment47 31449 834
Profitt/loss before tax and allocation to customers11 72228 095
Value-adjusted profitt/loss31 08034 139
Net income from financial assets71 10649 013
Non-life insurance companies
Assets227 769236 618
Earned premiums63 46565 297
Gross claims payments47 44950 930
Profitt/loss on ordinary activities16 84113 272
Balance on the technical account for non-life insurance10 2748 895
Net income from financial assets10 0125 572

Source: Statistics Norway

Life insurance companies had a value-adjusted profit of NOK 34.1 billion after the fourth quarter of 2015. This is an increase of NOK 3.1 billion compared with the previous year. One of the main reasons is an increase in financial revenue of NOK 6 billion. Profit after tax amounted to NOK 10.6 billion in 2015 compared to NOK 4.9 billion at the same time last year.

Increase in shares in securities funds for life insurance

Life insurance companies’ total assets increased by 6.8 per cent compared to the corresponding quarter last year. Bonds and certificates made up 38.6 per cent of total assets; a decrease of 0.9 percentage points from last year. Shares in mutual funds increased by 7.9 per cent. As a proportion of total assets, mutual funds accounted for 34.9 per cent.

Decline in technical account for non-life insurance

The balance of the technical account declined by a total of 13.4 per cent, and amounted to NOK 8.9 billion at the end of the fourth quarter of 2015. The profit of ordinary activities amounted to NOK 13.3 billion; a decrease of 21.2 per cent. Non-life insurance companies’ earned premiums written increased by 2.9 per cent.

Increase in shares, participations and primary capital certificates

The non-life insurance companies’ assets increased by 3.9 per cent in the 4th quarter of 2015 compared to the corresponding quarter in 2014. The holdings of shares in security funds increased by 8.1 per cent compared to the fourth quarter of 2014. As a share of total assets, this amounts to 13.8 per cent. This is an increase of 0.3 percentage points compared to the previous year. Bonds and certificates as a share of total assets amounted to 41.1 per cent; an increase of 1.3 percentage points from the previous year.