Insurance companies’ annual reporting 2016:
Assets of life insurance companies continued to increase
Statistical news from Statistics Sweden and Swedish Financial Supervisory Authority 2017-08-30 9.30
Insurance companies’ total assets were valued at SEK 3 748 billion at the end of 2016, an increase of SEK 216 billion compared with the previous year.
Investment assets represent the single largest item on the asset side, and contributed SEK 120 billion to the increase. Investment assets were valued at SEK 2 422 billion at the end of the year.
Results for insurance operations of life insurance companies amounted to SEK 79 billion in 2016. This can be compared with 2015, when earnings from insurance operations totalled SEK 132 billion. Insurance companies’ net premiums written amounted to SEK 105 billion at the end of 2016, a decrease of SEK 7 billion compared with 2015.
Premiums and assets of non-life insurance companies
National non-life insurance companies’ net premiums written amounted to SEK 59 billion at the end of 2016. This corresponds to an increase of SEK 3 billion compared with 2015.
Total assets of national non-life insurance companies amounted to SEK 480 billion, up SEK 21 billion compared with 2015. Results amounted to minus SEK 9 billion, which can be compared with the result of minus SEK 5 billion last year.
The larger local non-life insurance companies reported net premiums written of around SEK 20 billion in 2016. The balance sheet total was SEK 106 billion, compared with 2015 when the balance sheet total was SEK 101 billion. Results amounted to SEK 351 million, a decrease of SEK 285 million compared with the previous year.
Publication
A more detailed report of this survey is published in a Statistical Report.
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.