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 2023 2024 Assets 500 076 544 809 Shares, participation and primary capital certificates 312 156 346 596 Bonds and certificates 156 715 167 677 Earned premiums, net of reinsurance 29 249 24 476 Net income from financial assets 37 786 48 272 profitt/loss on ordinary activities 5 275 8 138 Gross pensions and claims payment 12 469 13 341 Explanation of symbolsDownload table as ... - Pension funds. Profitt and loss account. NOK millionDownload table as ...Pension funds. Profitt and loss account. NOK million
2020 2021 2022 2023 2024 Earned premiums, net of reinsurance 21 235 22 668 23 234 29 249 24 476 Gross premiums written 14 135 20 663 22 120 27 548 24 314 Reinsurers share of gross premiums writtens -17 -17 -24 -30 -11 Transfer of premiumreserve from other companies 7 117 2 022 1 138 1 731 173 Claims incurred, net of reinsurance 11 464 11 803 13 282 13 120 13 625 Gross pensions and claims payments 10 428 10 936 11 743 12 469 13 341 Reinsurance share of gross claims payments -2 .. .. 0 0 Other appropriations .. .. .. .. .. Transfers of premiumreserve etc. to other companies 1 039 867 1 539 652 284 Net change in technical provisions 35 253 40 808 -13 370 47 460 49 906 Premium reserve 9 396 15 158 13 090 21 999 15 887 Other technical provisions 7 186 4 859 -1 112 1 768 857 To/from revaluation reserve 12 997 11 936 -18 009 8 947 .. To/from buffer funds .. .. -10 576 8 196 22 372 Means allocated insurance contracts 5 674 8 855 3 238 6 549 10 790 Other operating income (+)/costs (-) -517 -793 -838 -1 179 -1 079 Commision received .. .. 77 12 17 Operating income from real property 855 808 735 722 864 Other operating income 78 42 48 81 1 Personell costs 693 793 269 289 286 Commision submitted 44 101 124 189 159 Operating costs from real property 151 245 263 533 473 Depreciation, impairment and net change in valuation of non-financial assets .. .. 1 2 2 Other operating costs 562 504 1 041 981 1 043 Investment income (+)/ charges (-) 7 692 8 831 6 524 7 981 12 503 Bonds and certificates 3 408 3 403 4 101 5 421 6 721 Interest income other assets 797 670 275 597 774 Share dividend etc. 3 523 4 799 2 311 2 133 5 118 Interest charges 36 42 163 171 110 Gains/losses, Value (re-)adjustments on financial assetes 22 825 27 321 -30 466 29 805 35 769 Realized gains/losses 7 204 15 054 5 949 8 504 19 946 Shares, participations and primary capital certificates 7 064 13 269 9 754 9 657 19 216 Bonds and certificates 810 91 -594 1 302 1 090 Financial derivatives -706 1 699 -3 202 -2 499 -408 Land and buildings 5 8 -8 2 .. Other realized gains/losses 31 -14 -1 43 49 Net change in value 15 621 12 268 -36 415 21 301 15 823 Shares, participations and primary capital certificates 13 071 15 168 -32 138 16 706 15 656 Bonds and certificates 1 419 -1 800 -5 122 3 635 1 788 Financial derivatives 839 -1 784 614 1 155 -2 082 Land and buildings 302 444 356 -147 412 Other value re-adjustments (+)/adjustments (-) -10 239 -126 -48 49 Profitt/loss on ordinary activities 4 518 5 417 -1 458 5 275 8 138 Other results components -30 15 -26 25 25 Tax 370 502 120 747 741 Profitt/loss 4 117 4 930 -1 604 4 554 7 422 Specifications Balance on the technical account for pension funds 1 182 2 227 .. .. .. Value-adjusted profitt/loss 17 515 17 353 .. .. .. Explanation of symbolsDownload table as ... - Pension funds. Balance sheet. NOK millionDownload table as ...Pension funds. Balance sheet. NOK million
2020 2021 2022 2023 2024 Assets Intangible assets 0 0 0 0 0 Tangible fixed assets 10 071 10 888 11 482 11 423 11 671 Land and buildings 10 066 10 884 11 479 11 421 11 669 Machinery, equipment and veichles 5 5 3 2 2 Capital investments 405 321 440 305 428 596 470 885 514 783 Shares, participation and primary capital certificates 60 800 65 944 73 743 69 264 73 391 Shares in securities' funds 201 157 227 530 204 707 242 892 273 205 Bonds and certificates 141 472 146 323 148 713 156 715 167 677 Financial derivatives 1 890 507 1 433 2 014 510 Other capital investment 2 .. .. .. .. Loans 10 172 11 812 2 078 2 434 2 519 Remaining claims 3 665 3 992 5 276 5 409 4 289 Insurance claims 578 1 059 831 661 949 Reinsurance share of technical provisions 4 .. .. 15 19 Other claims 3 082 2 933 4 445 4 734 3 321 Cash and bank deposits 9 535 8 383 8 429 9 924 11 547 Total assets 438 763 475 380 455 861 500 076 544 809 Liabilities and equity capital Equity capital 52 602 56 649 55 629 60 236 67 534 Deposit capital 14 492 14 428 15 034 15 618 15 868 Share premium account 40 85 .. .. .. Other deposit capital 14 451 14 342 15 034 15 618 15 868 Retained earnings 38 109 42 221 40 595 44 618 51 666 Other equity 38 109 42 221 40 595 44 618 51 666 Subordinated liabilities 1 189 1 161 1 119 1 104 1 112 Other subordinated liabilities 1 189 1 161 1 119 1 104 1 112 Technical provisions 381 887 414 614 394 727 433 253 471 155 Premium reserve 283 933 299 488 313 522 334 508 346 395 Additional provision 26 456 24 666 11 666 11 384 .. Revaluation reserve 54 399 71 599 26 438 35 182 .. Net provision for outstanding claims .. .. .. .. .. Buffer funds .. .. 29 323 38 053 107 004 Premium provision and pension provision 17 099 18 861 13 778 14 126 17 756 Provisions for other charges 667 698 92 813 882 Provisions for pension 102 112 138 113 104 Deffered tax 493 510 -214 556 626 Other provisions for charges 71 77 168 145 153 Remaining liabilities 2 419 2 257 4 295 4 669 4 126 Expences accrued 721 171 .. .. .. Defferes income 61 5 .. .. .. Payable tax 238 412 331 479 608 Dividend 1 1 .. .. .. Insurance liabilities 308 17 .. .. .. Other liabilities 1 014 1 130 2 749 3 409 2 326 Financial derivatives 76 522 1 214 782 1 192 Total liabilities 438 763 475 380 455 861 500 076 544 809 Specifications Number of companies 86 83 80 77 76 Loan with morgage on dwelling 462 318 507 553 610 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
2020 2021 2022 2023 2024 Sum all sectors 261 957 293 474 278 450 312 156 346 596 Non-financial corporations 27 702 29 889 25 242 23 114 24 584 Public unincorporated enterprises, owned by central government .. .. .. .. .. Public incorporated enterprises, owned by central government 2 339 2 716 2 269 2 135 2 696 Public unincorporated enterprises, owned by local government .. .. .. .. .. Public incorporated enterprises, owned by local government 131 125 244 683 715 Private non-financial incorporated enterprises 25 232 27 049 22 729 20 296 21 173 Private non-financial unincorporated enterprises .. .. .. .. .. Private non-profit institutions serving enterprises .. .. .. .. .. Financial corporations 134 521 156 153 160 633 187 676 192 764 Norges Bank .. .. .. .. .. Banks 1 917 3 006 2 375 2 319 2 588 Mortgage companies 26 36 .. .. .. Finance companies .. .. .. .. .. State lending institutions etc. .. .. .. .. .. Financial holding companies 2 187 1 362 1 176 1 306 731 Mutual funds 117 517 135 937 132 093 161 110 163 379 Alternative investment funds (AIF) excluding mutal funds 12 423 15 168 23 828 21 802 25 372 Other financial enterprises, except insurance companies and pension funds 61 48 734 640 8 Life insurance companies and pension funds .. .. .. .. .. Non-life insurance companies 392 596 427 498 685 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 99 734 107 432 92 575 101 366 129 248 Explanation of symbolsDownload table as ... - Pension funds. Holdings of bonds by issuing sectorDownload table as ...Pension funds. Holdings of bonds by issuing sector
2020 2021 2022 2023 2024 Sum all sectors 141 472 146 323 148 713 156 715 167 677 Non-financial corporations 34 792 40 235 40 613 43 348 44 148 Public unincorporated enterprises, owned by central government .. .. .. .. .. Public incorporated enterprises, owned by central government 3 163 3 627 4 009 7 295 7 020 Public unincorporated enterprises, owned by local government 0 .. .. .. .. Public incorporated enterprises, owned by local government 7 188 7 851 7 459 8 142 10 258 Private non-financial incorporated enterprises 24 441 28 757 29 146 27 911 26 871 Private non-financial unincorporated enterprises .. .. .. .. .. Private non-profit institutions serving enterprises .. .. .. .. .. Financial corporations 48 455 47 100 47 398 47 915 52 566 Norges Bank .. .. .. .. .. Banks 32 631 34 273 35 099 34 296 37 420 Mortgage companies 14 287 11 315 8 781 12 113 13 683 Finance companies .. .. .. .. .. State lending institutions etc. .. .. .. .. .. Financial holding companies 139 209 166 75 91 Mutual funds .. .. .. .. .. Alternative investment funds (AIF) excluding mutal funds 625 580 2 303 339 319 Other financial enterprises, except insurance companies and pension funds 11 17 66 92 183 Life insurance companies and pension funds 449 352 539 521 404 Non-life insurance companies 314 354 445 479 465 General government 28 433 31 671 32 311 35 194 34 746 Central government 9 205 10 972 13 608 14 947 14 430 Local government 19 228 20 699 18 703 20 247 20 316 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 29 791 27 317 28 390 30 258 36 216 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