Norway Yearbook - 1996

Financial intermediation
456 Non-life insurance companies. Balance sheets per 31 December. Million kroner
Assets and liabilities 1990 1991 1992 1993 1994 1995*
Assets
Cash and bank deposits 6412 6811 8 567 8331 7995 7899
Treasury bills etc - - - - -
Certif icates 852 1 018 1 562 4117 8824 7636
Bonds 12459 14853 17171 22004 18512 23805
Shares and primary capital certificate 7479 8291 7368 10760 12357 13697
Loans(utilized)1 6277 5380 7384 4944 4757 4268
Gross loans 6277 5380 7775 5366 4967 4437
- Specified provisions 391 422 210 169
- Unspecified provisions 116 355 51 53 47 78
Otherfinancial assets 10064 10700 9843 10372 9877 9420
Fixed assets 3866 4066 3709 3 543 3 724 3 807
Total 47292 50763 55553 64020 65999 70454
Liabilities
Share capital 3254 3225 3245 3627 3759 3232
Bond loans 254 254 254 304 230 200
Loans 302 110 191 132 167 218
Technical reserves 32571 36378 41796 48130 49475 52077
Other liabilities 5256 4428 3786 4939 4909 5359
Taxes .. .. 191 211
Funds and other own capital 5655 6368 6281 6697 7247 9368
Total 47292 50763 55553 64020 65999 70454
Specifications
Loans1 to municipalities, enterprises
andhouseholds 4164 4275 6050 4325 4147 3980
Numberof companies2 61 56 53 54 51 47
loans after specified provisions.2Excluding mutual fire insurance companies and mutual sea insurance companies.
Source: Banking and Credit Statistics. Current Figures. More information: Division for Public Finance and Credit Market Statistics.
457 Non-life insurance companies1. Working account. Million kroner
1990 1991 1992 1993 1994
Premiums (for own account) 17 068 18486 18834 18708 18773
Grosspremiums 23381 24240 24387 25111 24993
-Reinsurance premium ceded 6313 5754 5553 6403 6220
Net financial income 3073 3032 3414 5736 2848
Of which interest earned 3096 3 127 3519 3606 2 948
Claims(forownaccount) 13113 14781 15736 15825 13636
Gross claims 19282 21232 22097 19679 16387
-Reinsurance claims ceded 6 169 6451 6 360 3853 2751
Net operating expenses 5226 5528 5429 5279 5 133
Of which wage expenses 3219 3290 3352 3669 3 512
Allocations 1128 454 1163 2348 1 568
Net extraordinary revenues 199 -213 421 226 342
Taxes 24 23 5 32 153
Profit/loss for the year 850 519 337 1186 1 474
1Companies under the supervision of the Banking, insurance and Securities Commission.
Source: Banking and Credit Statistics. Current Figures. More information: Division for Public Finance and Credit Market Statistics.
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