Norway Yearbook - 2003

-4222
Financial intermediation
551 (cont.). Life insurance companies. Balance sheet per 31 December. Million kroner
1997 1998 19992 2000 2001
Liabilities
Bonds 3220 5238 6647 5866 5946
Other loans 388 1 332 2 163 2438 3336
Insurance liabilities 266 250 278 623 307 222 338 826 371 591
Other liabilities 4403 11 264 12468 13191 13658
Revaluation reserve .. .. 27 102 7847 1 217
Share capital/primary capital certificate
funds 3997 4212 4572 4843 5542
Funds and other appropriations 6406 6720 8893 10 116 11 092
Total 284 663 307 390 369 068 383 129 412 382
Specifications
Claims on foreign debtors 70 440 97656 140 603 162 492 146 907
Debts to foreign creditors 3 385 9685 13 917 16261 15965
Loans after specified provisions. 2From 1999 market value is used on short term investments.
Source: Life and non-life insurance, Statistics Norway. More information: http://vsnwssb.no/forsikring..en/
2002*
5009
3480
388815
16657
192
5733
10414
430 300
144 791
20064
552 Non-life insurance companies. Profit and loss account. Million kroner
1997 1998 1999 2000 2001
.
. . .
Earned premiums, net of reinsurance 20338 21 483 23 627 25961 29607
Gross premiums written 24897 26832 29612 33225 38 177
- Reinsurers share of gross premiums written. -4656 -5 140 -6112 -7218
Gross change in the provisions for unearned
premiums -269 -587 -850 1 431 -501
- Reinsurers share of the gross change in the
provision for outstanding claims -68 -105 5 -2583 -852
Claims incurred, net of reinsurance 16 148 17336 21 293 23211 26 134
Gross claim payment 20224 21 670 26 204 27781 30648
Reinsurers share of gross claim payments . -3 861 -4450 -5 366 -5849 -6 700
Gross change in the provision for outstanding
claims -619 994 1 765 1495 3369
Reinsurers share of the gross change in the
provision for outstanding claims 404 -879 -1 310 -215 -1183
Bonuses and rebates 25 34 182 333 45
Net change in technical provisions 1 408 460 763 -279 579
Other operating income (+)/expenses (-) -5 477 -5 934 -6902 -7 098 -7 388
Personnel costs 3421 3318 3978 3755 3626
Depreciations of non-financial assets 292 267 342 349 542
Other operating income (+)/expenses f-) -1 764 -2 350 -2 583 -2 994 -3 220
Investment income (+)/charges (-) 3 256 3 589 4077 3 715 2 333
Interest income 2835 3 031 3036 3467 3081
Interest charges 151 143 119 169 194
Share dividend etc. 571 701 1160 417 -553
Gains/losses, value (re-)adjustments on financial
assets 2 258 370 5053 243 -1 663
Profit/loss on ordinary activities 2 794 1 678 3617 -445 -3869
Extraordinary income (+)/charges f-) 0 0 3 285 0 1
Tax 253 168 1 506 -89 -585
Profit/loss 2 542 1 509 5 397 -355 -3 283
Source: Life and non-life insurance, Statistics Norway. More information: http:/A.ssb.no/forsikring_en/
2002*
33045
42392
-8298
-1 231
181
25851
28397
-5 700
4505
-1 351
41
1 089
7 860
3911
541
-3408
3 595
3738
459
315
-2 872
-1 073
6
-441
-626
Statistical Yearbook of Norway 2003 429