Insurance Activities 2012

Transcription

1 Financing and incurance 2013 Insurance Activities The value of insurance companies' investments stood at EUR billion at the end of The largest investment activity items in insurance activities are shares and equity, as well as financial market instruments, e.g. bonds. Other investment objects include real estate investments and loans. The balance sheet value of investment activities amounted to EUR billion at the end of and the share of employment pension companies was 69 per cent. The chart below shows the distribution of investments by item. Insurance companies' investments 31 December, EUR million Income from insurance activities are primarily comprised of insurance premiums, net income from investment activities and other income. The insurance premiums amounted to nearly EUR 20 billion in, a majority of which was generated in employment pension insurance, good EUR 12 billion. More detailed insurance company specific data can be found in the database tables of these statistics and from the web pages of other organisations that produce insurance data (link in the left-hand menu under "Links" of the statistics' home page). Statistics Finland publishes new statistics on Insurance activities. The statistics cover activity data of employment pension, life insurance and non-life insurance companies, e.g. profit and loss account, balance sheet, and classes of insurance and insurance portfolio. The data are based on the Financial Supervision Helsinki Quoting is encouraged provided Statistics Finland is acknowledged as the source.

2 Authority's data collection on domestic activities of corporations engaged in the insurance markets. It should be noted that insurance companies' financial statements and the indicators calculated based on these differ considerably from the financial statement formula of enterprises operating in other industries. The financial statement structure differs in many respects between employment pension, life insurance and non-life insurance companies. The data concerning life insurance and non-life insurance companies also include branches abroad. 2

3 Contents Tables Appendix tables Appendix table 1. Balance sheets of insurance companies, EUR million4 Appendix tabel 2. Insurance payments and liabilities of employment pension companies.4 Appendix tabel 3. Insurance portfolios of employment pension companies 4 Appendix tabel 4. Insurance payments and liabilities of life insurance companies.6 Appendix tabel 5. Insurance portfolios of life insurance companies 7 Appendix tabel 6. Insurance portfolios and payments of non-life insurance companies.8 Appendix tabel 7. Insurance class-specific data of life insurance companies 9 Appendix tabel 8. Insurance class-specific data of non-life insurance companies.10 Figures Appendix figures Appendix figure 1. Distribution of insurance companies' insurance premiums, EUR million.11 3

4 Appendix tables Appendix table 1. Balance sheets of insurance companies, EUR million Intangible assets, total Investments, total Investments covering technical provisions on unit-linked insurance Debtors Other assets, total Prepayments and accrued income, total ASSETS Capital and reserves/share capital, total Accumulated appropriations, total Subordinated loans Technical provisions, net of reinsurance Technical provisions for unit-linked policies Obligatory provisions, total Deposits received from reinsurers Total creditors Accruals and deferred income LIABILITIES 401 Employment pension insurance company Non-life insurance corporation, incl. branches abroad Life insurance corporation, incl. branches abroad Appendix tabel 2. Insurance payments and liabilities of employment pension companies Pension payouts, Provision for unearned premiums, Paid to pensioners, total Old-age pensions Disability pensions Unemployment pensions Part-time pensions Survivors pensions Funeral allowances Primary provision for unearned premiums, total Basic insurance under the Employees Pensions Act Supplementary pension insurance under the Employees Pensions Act Insurance based on minimum cover granted by institutions under the Self-employed Persons Pensions Act Supplementary pension insurance under the Self-employed Persons Pensions Act Additional pension liability Provision Basic insurance under the Employees Pensions Act for outstanding Supplementary pension insurance under the Employees Pensions Act claims, Supplementary pension insurance under the Self-employed Persons Pensions Act Provision for outstanding claims, total Appendix tabel 3. Insurance portfolios of employment pension companies 4

5 Permanent employment relationships and periods of self-employment, pcs Pensions started, pcs Pensions granted during the financial year, pcs Pensions granted during the financial year, Basic insurance under the Employees Pensions Act, number of policies Basic insurance under the Employees Pensions Act, number of insured persons Supplementary pension insurance under the Employees Pensions Act, number of policies Insurance based on minimum cover granted under the Self-employed Persons Pensions Act, number of policies Supplementary pension insurance under the Self-employed Persons Pensions Act, number of policies Pensions started Old-age pensions Disability pensions Unemployment pensions Part-time pensions Survivors pensions Old-age pensions Disability pensions Unemployment pensions Part-time pensions Survivors pensions Pensions granted during the financial year Old-age pensions Disability pensions Unemployment pensions Part-time pensions Survivors pensions Pensions granted during the financial year

6 Appendix tabel 4. Insurance payments and liabilities of life insurance companies Payments due on insurance policies, Provision for unearned premiums, Provision for outstanding claims (incl. equalisation amount), Life insurance, total Individual life insurance, total Individual life insurance - Death benefits Individual life insurance - Benefits paid at expiry of insurance period Individual life insurance - Surrenders Individual life insurance - Benefits paid for permanent disability Individual life insurance - Other claims Death benefits paid under employees group life insurance Other group life insurance, total Other group life insurance - Death benefits Other group life insurance - Benefits paid for permanent disability Other group life insurance - Other claims Pension insurance, total Individual pension insurance, total Individual pension insurance - Old-age pensions Individual pension insurance - Other claims Individual pension insurance - Surrenders Group pension insurance, total Group pension insurance - Old-age pensions Group pension insurance - Other claims Group pension insurance - Surrenders Benefits paid under direct insurance, total Benefits paid under reinsurance, total Claims paid, total Life insurance, total Pension insurance, total Individual life insurance Employees group life insurance Other group life insurance Individual pension insurance Group pension insurance Provision for unearned premiums in direct business, total Provision for unearned premiums in reinsurance, total Provision for unearned premiums, total Reinsurers share of provision for unearned premiums Life insurance, total Pension insurance, total Individual life insurance Employees group life insurance Other group life insurance Individual pension insurance Group pension insurance Provision for outstanding claims in direct business, total Provision for outstanding claims in reinsurance, total Provision for outstanding claims, total Reinsurers share of provision for outstanding claims

7 Appendix tabel 5. Insurance portfolios of life insurance companies Insurance portfolio at end of year, 1000 EUR Insurance portfolio at end of year, pcs Pensions started at end of year, 1000 EUR Pensions started at end of year, pcs Distribution of insurance by insurance category Individual life insurance Individual life insurance - Insurance taken for death Individual life insurance - Other insurance Group life insurance Group life insurance - Insurance taken for death Group life insurance - Other insurance Individual pension insurance Individual pension insurance - Insurance including old-age pension cover Individual pension insurance - Insurance including other pension cover Group pension insurance Group pension insurance - Insurance including old-age pension cover Group pension insurance - Insurance including other pension cover Individual life insurance Individual life insurance - Insurance taken for death Individual life insurance - Other insurance Group life insurance Group life insurance - Insurance taken for death Group life insurance - Other insurance Individual pension insurance Individual pension insurance - Insurance including old-age pension cover Individual pension insurance - Insurance including other pension cover Group pension insurance Group pension insurance - Insurance including old-age pension cover Group pension insurance - Insurance including other pension cover Individual pension insurance Group pension insurance Individual pension insurance - Old-age pensions Individual pension insurance - Other pensions Group pension insurance - Old-age pensions Group pension insurance - Survivors pensions Group pension insurance - Other pensions Individual pension insurance Group pension insurance Individual pension insurance - Old-age pensions Individual pension insurance - Other pensions Group pension insurance - Old-age pensions Group pension insurance - Survivors pensions Group pension insurance - Other pensions Non unit-linked life insurance (number of policies) Non unit-linked pension insurance (number of policies) Unit-linked life insurance (number of policies) Unit-linked pension insurance (number of policies) Non unit-linked life insurance (number of insured) Non unit-linked pension insurance (number of insured) Unit-linked life insurance (number of insured) Unit-linked pension insurance (number of insured)

8 Appendix tabel 6. Insurance portfolios and payments of non-life insurance companies Statutory Insurance portfolio workers compensation, Insured for occupational accidents Total payroll under general tariff Land vehicles (Kasko), year Premiums written under general tariff Total payroll under special tariff Premiums written under special tariff Insured for other accidents Payroll Premium income Capital of confirmed effective benefits at end of year Occupational safety work expenses Claims paid, total Medical treatment Rehabilitation Allowances Handicap benefit Final confirmed pensions Funeral grants and non-recurring compensations in cases of death Index increases Others Claims handling expenses Insurance portfolio Vehicle-specific insurances total Passenger cars Vans Trucks Buses Motorcycles Mopeds Snowmobiles Tractors and power vehicles Trailers Other vehicles Group insurances total Motor vehicle Insurance portfolio liability (mandatory Vehicle-specific insurances total motor vehicle Passenger cars liability Vans insurance) - Insurance Trucks portfolio, year Buses Motorcycles Mopeds Snowmobiles Tractors and power vehicles Trailers Other vehicles Group insurances total

9 Motor vehicle liability (mandatory motor vehicle liability insurance) - Claims paid, Claims paid, total Medical treatment Rehabilitation Index increases Personal damages, total Compensation for reduction in income and livelihood Final confirmed continuous benefits Benefits paid as lump sum Non-recurring payments for continuous benefits Funeral expenses Compensations for pain and suffering Other compensations for personal damages Property damages, total Compensations on motor vehicles Lay-day compensations Other compensations for property damage Legal expenses and organisational expenses Compensations paid by the Finnish Motor Insurers Centre Appendix tabel 7. Insurance class-specific data of life insurance companies Life insurance, total Premium income of non-life insurance, total Life insurance Insurance for marriage and insurance for childbirth Unit-linked insurance Permanent health insurance Tontines Capital redemption operations Management of group pension schemes Group life and group pension insurance Life and pension insurance based on social insurance legislation Reinsurance for life insurance, total Domestic reinsurance Foreign reinsurance Share of group pension insurance in reinsurance Premium income, 1000 EUR Claims paid, Number of damages reported, pcs

10 Appendix tabel 8. Insurance class-specific data of non-life insurance companies Non-life insurance, total Premium income of non-life insurance, total Statutory accident Accident to athletes Other accident Illness Land vehicles Railway rolling stock Aircraft Vessels Transportable goods Fire and natural forces Other damages to property Motor vehicle liability Aircraft liability Liability of water transport vessel General liability Credit Suretyship Other property damage Legal expenses Travel expenses Reinsurance for non-life insurance, total Domestic reinsurance Foreign reinsurance Non-life insurance total Premium income of non-life insurance total Reinsurance for non-life insurance total Premium income, Claims paid, 1000 Number of EUR damages reported, pcs Number of policies or insurances, pcs Number of insured, pcs

11 Appendix figures Appendix figure 1. Distribution of insurance companies' insurance premiums, EUR million 11

12 Financing and incurance 2013 Inquiries Kristiina Nieminen Kerttu Helin Hilkka Jaatinen Director in charge: Leena Storgårds Source: Insurance Activities, Statistics Finland Communication and Information Services, Statistics Finland tel Publication orders, Edita Publishing Oy tel ISSN = Official Statistics of Finland ISSN (pdf)