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274840
Increase in profit for pension funds
statistikk
2016-09-06T10:00:00.000Z
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
The result for pension funds was NOK 2.8 billion in 2015, compared to NOK 1.7 billion in 2014. The main reason for the result being higher is the decrease in allocation to the revaluation reserves.

Pension funds, 2015

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Increase in profit for pension funds

The result for pension funds was NOK 2.8 billion in 2015, compared to NOK 1.7 billion in 2014. The main reason for the result being higher is the decrease in allocation to the revaluation reserves.

Key figures. NOK MillionPublished 6 September 2016
Total
20142015
Assets290 629314 014
Shares, participation and primary capital certificates135 605154 128
Bonds and certificates132 316137 875
Earned premiums, net of reinsurance20 60022 940
Net income from financial assets19 44212 150
profitt/loss on ordinary activities1 8142 883
Gross pensions and claims payment6 8387 784
Value-adjusted result12 2237 210

Source: Statistics Norway

Figure 1. Asset allocation. Pension funds

Realized and unrealized gains from financial assets were NOK 5 billion in 2015. The corresponding figure was NOK 12.1 billion in 2014 and NOK 16.9 billion in 2013. Unrealised gains on shares and primary capital certificates were NOK 2.7 billion in 2015, compared to NOK 6.3 billion in 2014. The allocation to the revaluation reserves went from NOK 5 billion in 2014 to NOK 933 million in 2015.

Premiums

Earned premiums were NOK 22.9 billion in 2015, which is an increase of 11.4 per cent from 2014. Transfers of premium reserves from other companies were NOK 7.6 billion in 2015, an increase of NOK 2.6 billion compared to 2014.

Total assets

Total assets of pension funds increased from NOK 290.6 billion in 2014 to NOK 314 billion in 2015. This represents an increase of 8 per cent, or NOK 23.4 billion, which is a slight decrease compared to the 11.7 per cent increase in the preceding year.

At the end of 2015, pension funds had placed 93.1 per cent of total assets in securities. The corresponding figures in 2014 and 2013 were 92.3 per cent and 92.5 per cent respectively.

Holdings of shares and primary capital certificates were NOK 154.1 billion in 2015, an increase of 13.7 per cent from the previous year. In the same period, bonds and certificates had a small increase of 4.2 per cent, from NOK 132.3 billion in 2014 to NOK 137.9 billion in 2015.

The technical provisions were NOK 280.1 billion in 2015, an increase of NOK 20.4 billion compared to 2014.