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236841
Decrease in profit for pension funds
statistikk
2015-09-09T10:00:00.000Z
Banking and financial markets
en
pensjonsfond, Pension funds, private pension funds, municipal pension funds, profit and loss account, shares, bonds, lending, borrowers, issuersFinancial institutions and other financial corporations, Banking and financial markets
false
Pension funds, balance sheet and profit and loss account, 2014

Pension funds, 2014

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Decrease in profit for pension funds

The result for pension funds was NOK 1.8 billion in 2014, compared to NOK 2.2 billion in 2013. The reason for the result being lower is the decrease in unrealised gains on shares, participations and primary capital certificates.

Key figures. NOK MillionPublished 9 September 2015
Total
20132014
Assets260 205290 629
Shares, participation and primary capital certificates116 770135 684
Bonds and certificates123 726132 316
Gross premium written13 73315 612
Net income from financial assets24 09019 442
profitt/loss on ordinary activities2 2311 816
Gross pensions and claims payment6 2916 838
Value-adjusted result16 17012 223

Source: Statistics Norway

Figure 1. Asset allocation. Pension funds

Unrealised gains on shares and primary capital certificates were NOK 6.3 billion in 2014, compared to NOK 14.3 billion in 2013.

Net income from financial assets was NOK 12.1 billion in 2014. The corresponding figure was NOK 16.9 billion in 2013. The allocation to the revaluation reserves went from NOK 12.2 billion in 2013 to NOK 5 billion in 2014.

Premiums

Earned premiums were NOK 20.6 billion in 2014, which is an increase of 38 per cent from 2013. The reason behind the large increase in earned premiums is the increase in transfers of premium reserves from other companies, which were NOK 5 billion in 2014 compared to NOK 1.2 billion in 2013.

Total assets

Total assets of pension funds increased from NOK 260.2 billion in 2013 to NOK 290.6 billion in 2014. This represents an increase of 11.7 per cent, or NOK 30.4 billion, which is a slightly smaller increase than the 13 per cent rise from 2012 to 2013.

At the end of 2014, pension funds had placed 92.3 per cent of total assets in securities. The corresponding figures in 2013 and 2012 were 92.5 per cent and 91.9 per cent respectively.

Holdings of shares and primary capital certificates were NOK 135.7 billion in 2014, an increase of 16.2 per cent from the previous year. In the same period, bonds and certificates had a small increase of 6.7 per cent, from NOK 123.7 billion in 2013 to NOK 132.3 billion in 2014.