The result remains stable
Banking and financial markets
forsmegl, Insurance brokers (discontinued)Financial institutions and other financial corporations, Banking and financial markets

Insurance brokers (discontinued)2000



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The result remains stable

The annual profit for insurance brokers increased from NOK 39 million to NOK 43 million from 1999 to 2000. Commission income increased in 2000, but was counterbalanced by increased operating costs and taxes.

While the commission revenues increased by NOK 106 million to NOK 643 million, the operating costs increased by NOK 89 million to NOK 579 million. This yielded a NOK 18 million increase in operating profits compared with 1999, to NOK 74 million in 2000. Reduced extraordinary result and increased taxes counteracted the increase in operating profits, making the increase for the annual profits to only NOK 4 million, that is totally NOK 43 million in 2000.

Insurance brokers act as an intermediary between clients and insurers. The statistics covers all insurance brokers who have reported to and are registered with the Banking, Insurance and Securities Commission. In 1997, 1998, 1999 and 2000 the number of insurance brokers who reported to the Banking, Insurance and Securities Commission was 40, 41, 40 and 44 respectively.