This is an archived release.
Increased profit for insurance brokers
The profit for insurance brokers increased to NOK 85 million in 2001, an increase of 98 per cent from 2000 to 2001. The improved profit was due to higher commissions.
Both operating income and operating expenses rose in 2001 compared with 2000. However, commissions, being 99 per cent of the operating income, grew by NOK 56 million more than the operating expenses. As a result, the operating profit increased by 78 per cent compared with 2000, to NOK 132 million. After taxes and negative extraordinary result, the profit for 2001 was NOK 85 million. This is NOK 42 million above the profit for 2000.
Insurance brokers are intermediary of insurance and information between customers and insurance companies. The statistics includes all insurance brokers that reports to and are registered by The Banking, Insurance and Securities Commission of Norway.