Statistikk innhold
Statistics on
Pension funds
The statistics cover all pension funds in Norway. They show totals, balance sheets and specifications of individual financial instruments by sector.
Selected figures from these statistics
- Key figures. NOK MillionDownload table as ...Key figures. NOK Million
Total 2024 2025 Assets 544 809 586 259 Shares, participation and primary capital certificates 347 260 379 810 Bonds and certificates 167 014 176 008 Earned premiums, net of reinsurance 24 476 24 035 Net income from financial assets 48 272 44 589 profitt/loss on ordinary activities 8 138 6 893 Gross pensions and claims payment 13 341 14 269 Explanation of symbolsDownload table as ... - Pension funds. Profitt and loss account. NOK millionDownload table as ...Pension funds. Profitt and loss account. NOK million
2021 2022 2023 2024 2025 Earned premiums, net of reinsurance 22 668 23 234 29 249 24 476 24 035 Gross premiums written 20 663 22 120 27 548 24 314 23 836 Reinsurers share of gross premiums writtens -17 -24 -30 -11 -11 Transfer of premiumreserve from other companies 2 022 1 138 1 731 173 210 Claims incurred, net of reinsurance 11 803 13 282 13 120 13 625 15 030 Gross pensions and claims payments 10 936 11 743 12 469 13 341 14 269 Reinsurance share of gross claims payments .. .. 0 0 0 Other appropriations .. . . . . Transfers of premiumreserve etc. to other companies 867 1 539 652 284 761 Net change in technical provisions 40 808 -13 370 47 460 49 906 45 784 Premium reserve 15 158 13 090 21 999 15 887 13 838 Other technical provisions 4 859 -1 112 1 768 857 2 006 To/from revaluation reserve 11 936 -18 009 8 947 . . To/from buffer funds .. -10 576 8 196 22 372 19 046 Means allocated insurance contracts 8 855 3 238 6 549 10 790 10 895 Other operating income (+)/costs (-) -793 -837 -1 179 -1 079 -918 Commision received .. 77 12 17 24 Operating income from real property 808 735 722 864 832 Other operating income 42 48 81 1 6 Personell costs 793 269 289 286 323 Commision submitted 101 124 189 159 150 Operating costs from real property 245 263 533 473 223 Depreciation, impairment and net change in valuation of non-financial assets .. 1 1 1 1 Other operating costs 504 1 041 981 1 043 1 084 Investment income (+)/ charges (-) 8 831 6 524 7 981 12 503 14 276 Bonds and certificates 3 403 4 101 5 421 6 721 7 264 Interest income other assets 670 275 597 774 954 Share dividend etc. 4 799 2 311 2 133 5 118 6 147 Interest charges 42 163 171 110 89 Gains/losses, Value (re-)adjustments on financial assetes 27 321 -30 467 29 804 35 769 30 313 Realized gains/losses 15 054 5 949 8 504 19 946 17 515 Shares, participations and primary capital certificates 13 269 9 754 9 657 19 216 15 022 Bonds and certificates 91 -594 1 302 1 090 713 Financial derivatives 1 699 -3 202 -2 499 -408 1 663 Land and buildings 8 -8 2 .. .. Other realized gains/losses -14 -1 43 49 115 Net change in value 12 268 -36 416 21 300 15 823 12 799 Shares, participations and primary capital certificates 15 168 -32 138 16 706 15 656 11 198 Bonds and certificates -1 800 -5 122 3 635 1 788 308 Financial derivatives -1 784 614 1 155 -2 082 472 Land and buildings 444 356 -147 412 504 Other value re-adjustments (+)/adjustments (-) 239 -126 -48 49 318 Profitt/loss on ordinary activities 5 417 -1 458 5 275 8 138 6 893 Other results components 15 -26 25 25 28 Tax 502 120 747 741 869 Profitt/loss 4 930 -1 604 4 554 7 422 6 052 Specifications Balance on the technical account for pension funds 2 227 . . . . Value-adjusted profitt/loss 17 353 . . . . Explanation of symbolsDownload table as ... - Pension funds. Balance sheet. NOK millionDownload table as ...Pension funds. Balance sheet. NOK million
2021 2022 2023 2024 2025 Assets Intangible assets 0 0 0 0 0 Tangible fixed assets 10 888 11 482 11 423 11 671 12 210 Land and buildings 10 884 11 479 11 421 11 669 12 209 Machinery, equipment and veichles 5 3 2 2 2 Capital investments 440 305 428 596 470 885 514 783 555 914 Shares, participation and primary capital certificates 65 944 73 420 69 264 72 913 77 208 Shares in securities' funds 227 530 205 030 242 892 274 347 302 602 Bonds and certificates 146 323 148 713 156 715 167 014 176 008 Financial derivatives 507 1 433 2 014 510 96 Other capital investment .. . . . . Loans 11 812 2 078 2 434 2 507 2 557 Remaining claims 3 992 5 276 5 409 4 300 3 146 Insurance claims 1 059 831 661 949 499 Reinsurance share of technical provisions .. .. 15 19 5 Other claims 2 933 4 445 4 734 3 333 2 641 Cash and bank deposits 8 383 8 429 9 924 11 547 12 432 Total assets 475 380 455 861 500 076 544 809 586 259 Liabilities and equity capital Equity capital 56 649 55 629 60 236 67 534 72 827 Deposit capital 14 428 15 034 15 618 15 868 16 219 Share premium account 85 . . . . Other deposit capital 14 342 15 034 15 618 15 868 16 219 Retained earnings 42 221 40 595 44 618 51 666 56 609 Other equity 42 221 40 595 44 618 51 666 56 609 Subordinated liabilities 1 161 1 119 1 104 1 112 1 091 Other subordinated liabilities 1 161 1 119 1 104 1 112 1 091 Technical provisions 414 614 394 727 433 253 471 155 508 220 Premium reserve 299 488 313 522 334 508 346 395 361 470 Additional provision 24 666 11 666 11 384 . . Revaluation reserve 71 599 26 438 35 182 . . Net provision for outstanding claims .. . . . . Buffer funds .. 29 323 38 053 107 004 125 859 Premium provision and pension provision 18 861 13 778 14 126 17 756 20 891 Provisions for other charges 698 92 813 882 990 Provisions for pension 112 138 113 104 102 Deffered tax 510 -214 556 626 730 Other provisions for charges 77 168 145 153 158 Remaining liabilities 2 257 4 295 4 669 4 126 3 130 Expences accrued 171 . . . . Defferes income 5 . . . . Payable tax 412 331 479 608 725 Dividend 1 . . . . Insurance liabilities 17 . . . . Other liabilities 1 130 2 749 3 409 2 326 2 107 Financial derivatives 522 1 214 782 1 192 298 Total liabilities 475 380 455 861 500 076 544 809 586 259 Specifications Number of companies 83 . . . . Loan with morgage on dwelling 318 596 742 610 499 Explanation of symbolsDownload table as ... - Pension funds. Investments in shares, participation and primary capital certificates by specified sector. NOK MillionDownload table as ...Pension funds. Investments in shares, participation and primary capital certificates by specified sector. NOK Million
2021 2022 2023 2024 2025 Sum all sectors 293 474 278 450 312 156 347 260 379 810 Non-financial corporations 29 889 25 242 23 114 24 584 25 218 Public unincorporated enterprises, owned by central government .. .. .. .. .. Public incorporated enterprises, owned by central government 2 716 5 411 4 865 6 163 6 946 Public unincorporated enterprises, owned by local government .. .. .. .. .. Public incorporated enterprises, owned by local government 125 244 683 715 705 Private non-financial incorporated enterprises 27 049 19 588 17 565 17 706 17 567 Private non-financial unincorporated enterprises .. .. .. .. .. Private non-profit institutions serving enterprises .. .. .. .. .. Financial corporations 156 153 160 633 187 676 190 584 200 667 Norges Bank .. .. .. .. .. Banks 3 006 2 375 2 319 2 588 2 929 Mortgage companies 36 .. .. .. .. Finance companies .. .. .. .. .. State lending institutions etc. .. .. .. .. .. Financial holding companies 1 362 1 176 1 306 731 808 Mutual funds 135 937 132 093 161 110 161 199 167 347 Alternative investment funds (AIF) excluding mutal funds 15 168 23 828 21 802 25 372 28 548 Other financial enterprises, except insurance companies and pension funds 48 734 640 8 152 Life insurance companies and pension funds .. .. .. .. .. Non-life insurance companies 596 427 498 685 883 General government .. .. .. .. .. Central government .. .. .. .. .. Local government .. .. .. .. .. Non-profit institutions serving households .. .. .. .. .. Households .. .. .. .. .. Unincorporated enterprises within households .. .. .. .. .. Private non-financial unincorporated enterprises inclusive housing cooperatives etc. .. .. .. .. .. Employees, recipients of property income, pensions and social contributions, students etc. .. .. .. .. .. Unspecified sector .. .. .. .. .. Rest of the world 107 432 92 575 101 366 132 092 153 924 Explanation of symbolsDownload table as ... - Pension funds. Holdings of bonds by issuing sectorDownload table as ...Pension funds. Holdings of bonds by issuing sector
2021 2022 2023 2024 2025 Sum all sectors 146 323 148 713 156 715 167 014 176 008 Non-financial corporations 40 235 40 613 43 412 44 218 45 741 Public unincorporated enterprises, owned by central government .. .. .. .. .. Public incorporated enterprises, owned by central government 3 627 4 009 7 295 7 020 7 774 Public unincorporated enterprises, owned by local government .. .. .. .. .. Public incorporated enterprises, owned by local government 7 851 7 459 8 142 10 258 11 582 Private non-financial incorporated enterprises 28 757 29 146 27 975 26 940 26 385 Private non-financial unincorporated enterprises .. .. .. .. .. Private non-profit institutions serving enterprises .. .. .. .. .. Financial corporations 47 100 47 398 47 915 52 500 52 485 Norges Bank .. .. .. .. .. Banks 34 273 35 099 34 296 37 353 36 952 Mortgage companies 11 315 8 781 12 113 13 683 13 976 Finance companies .. .. .. .. .. State lending institutions etc. .. .. .. .. .. Financial holding companies 209 166 75 91 30 Mutual funds .. .. .. .. .. Alternative investment funds (AIF) excluding mutal funds 580 2 303 339 319 256 Other financial enterprises, except insurance companies and pension funds 17 66 92 183 85 Life insurance companies and pension funds 352 539 521 404 279 Non-life insurance companies 354 445 479 465 907 General government 31 671 32 310 35 130 34 677 38 824 Central government 10 972 13 608 14 883 14 365 17 599 Local government 20 699 18 703 20 247 20 312 21 225 Non-profit institutions serving households .. .. .. .. .. Households .. .. .. .. .. Unincorporated enterprises within households .. .. .. .. .. Private non-financial unincorporated enterprises inclusive housing cooperatives etc. .. .. .. .. .. Employees, recipients of property income, pensions and social contributions, students etc. .. .. .. .. .. Unspecified sector .. .. .. .. .. Rest of the world 27 317 28 390 30 258 35 619 38 959 Explanation of symbolsDownload table as ...
About the statistics
The information under «About the statistics» was last updated 22 March 2021.
Balance sheet: The balance sheet shows assets, liabilities and equity at the end of accounting period.
Profitt and loss account: The profit and loss account shows income, costs and expenses over the course of the accounting period.
We have three types of classification: instrument, sector and type.
- Financial instruments and physical capital:
- Liabilities, claims and other assets in the balance sheet of the financial institutions are divided into two main groups with a view to providing major uniform groups such as bank lending, funding and deposits.
- Debtor and creditor sector:
- Borrowers and lenders are classified according to institutional sector classification, based on national accounts rules.
- Types of income and expenses:
- Including interest income and expenses, are based on national accounts rules.
Name: Pension funds
Topic: Banking and financial markets
Division for Financial Markets Statistics
Only at the national level.
Annual.
Eurostat
Micro data are stored in an Oracle database.
The purpose is to provide statistics for the national accounts, financial sector balances and census of foreign assets and liabilities.
The statistics are included in national accounts, financial sector balances, balance of payments and statistics on Norway's foreign assets and liabilities. Other major users are Norges Bank, The Financial Supervisory Authority of Norway, Ministry of Finance and the media.
Not relevant
The statistics are based on the guidelines in the national accounts standards System of National Accounts (SNA), European System of Accounts (ESA) and the IMF Manual on Monetary and Financial Statistics.
Statistics from the financial institutions are used in the national accounts, financial sector accounts, the balance of payments and in the Norwegian statistics of foreign debt and receivables.
Statistics Act Section 3-2 (banks and finance corporations), Act on the The Financial Supervisory Authority of Norway Sections 1 and 4.
Council regulation 295/2008. Council regulation 251/2009. Amendments to council regulation 295/2008.
Council regulation (EC) no. 2223/96 The regulation covers the European system for national and regional accounts.
Council regulation (EC) no. 1392/2007 Amendments to council regulation 2223/96.
Council regulation (EC) no. 1606/2002 Regulation on the application of international accounting standards.
Council regulation (EC) no. 297/2008 Amendments to council regulation 1606/2002.
The population is all pension funds with lincence from The Financial Supervisory Authority of Norway.
The statistics are based on accounting data from the enterprises.
Total count.
The Financial Supervisory Authority of Norway and Statistics Norway work together to collect the accounting data.
Revision of the pension funds accounting statements are undertaken by Statistics Norway and The Financial Supervisory Authority of Norway.
Not relevant
The analysis is split into two parts, i.e. the sum of all municipal pension funds and the sum of all private pension funds. From 1998 data for pension funds established by municipal enterprises are separated from private pension funds.
The accounting statistics for the financial institutions is based on current accounting regulations for financial institutions. Breaches may therefore occur in connection with changes in accounting legislation and in the regulations applicable to the financial institutions. Structural changes like new companies, mergers and spin-offs, with portfolio movements as one consequence, may also lead to breaches in the time series.
International Financial Reporting Standard (IFRS) The new accounting standard IFRS is an example of a change that will cause breaches in the time series in the periods to come. In 2009/2010 all reporting companies must, in one way or another, report according to the IFRS standard, and data may then be fully comparable again. However, the IFRS standard will lead to larger fluctuations in the data because of the more extensive use of fair value in the accounting. The comparison of the reported data with the companies' official accounts is also challenging because the IFRS standard does not require a specific presentation of the accounts, as the traditional Norwegian accounting standard does.
Regulation on loans The IFRS-adapted regulation on loans was introduced 1. January 2005. It lead to a small change in the measuring of the value of loans and guaranties in the accounting data and thereby to a small breach in the time series for loans and loan loss provisions. There were also a breach in the time series on loans in 1992 due to changed accounting rules.
Changes in the presentation of the statistics Credit lines secured on dwellings became a new specification from January 2006. As a consequence the numbers for repayment loans secured on dwellings and credit lines, working capital facility and consumer credit were reduced.
Structural changes There are several mergers, spin-offs and new companies being started every year. Many of these structural changes have no significant impact on the statistics, while others leads to major breaches in the time series. When the latter is the case, it will be commented upon in this section.
Portfolio movements The introduction of IFRS, the regulation on loans and the structural changes mentioned, has lead to portfolio movements especially between banks and mortgage companies. This gives breaches in the time series and needs to be taken into consideration when interpreting the data.
Errors and discrepancies can occur in the accounting data. These discrepancies can have a number of sources:
- Errors in the reporting institutions' accounts
- Errors in the transfer of data from the institution's primary accounts to recipients
- Different accounting and evaluation principles
- Different accounting dates for transactions
- Insufficient data from the reporting parties
- Processing errors
Due to large amounts of data and a dynamic control and revision system, published data will be regarded as preliminary until next years data for the same period is published. This means that data for the current year may be revised without this being marked in the preceeding publishing. Large and important revision however, will be commented upon in the publishing of Today's Statistics.
Not relevant