The estimates of the F620 Life insurance and annuity entitlements and F630 Pension entitlements are adjusted. Annual statistics for life insurance companies and pension funds for 2020 and 2021 are now implemented in a consistent way. Both years were demanding to estimate, especially the net transactions in the pension entitlements (F630). The public pension reform in 2020 and increased premiums paid by the employers in 2021 gave us challenges in the temporarily estimates. The adjusted estimates led to large revisions of the net transactions in both 2020 and 2021. These revisions also influenced the estimates for 2022.
The definition of F640 Claims of pension funds on pension managers is changed since our last published statistics. The financial object now only includes the premium fund. The additional provisioning, which before was included in F640, is now included in the net assets to life insurance companies and pension funds. This change in definition is implemented from the first quarter of 1998.
The main revisions to F640 and F630 are:
- F640: decreased stocks with NOK 97.2 in the fourth quarter of 2020 and NOK 106.2 billion in the fourth quarter of 2021
- F630: decreased transactions with NOK 1.8 billion in 2020 and an increase with NOK 26.9 billion in 2021
Annual data of the corporations tax returns linked to the tax authority form of shares ownership has increased the Households' net transactions in and stocks of unlisted shares in 2020. The transactions are increased with NOK 13.4 billion, and the stocks at the end of 2020 with NOK 102 billion.