January 26, 2015 10:29 PM ET


Company Overview of DNB Livsforsikring ASA

Company Overview

DNB Livsforsikring ASA provides life insurance and pension products in Norway. It offers defined-benefit pension products; and group pension, group association, individual endowment, and individual annuity and pension insurance. The company also offers group life insurance; individual risk non-life insurance primarily statutory occupational injury insurance and appurtenant coverage; unit-linked insurance; and non-life insurance. It serves companies, municipalities, and public enterprises. The company is based in Bergen, Norway. DNB Livsforsikring ASA is a subsidiary of DNB ASA.

Solheimsgaten 7C



439 Employees

Key Executives for DNB Livsforsikring ASA

Managing Director
Age: 48
Director of Finance
Director of Operations & Customer Service
Chief Executive Officer of DNB Group
Age: 54
Chief Actuary and Chief Risk Officer
Compensation as of Fiscal Year 2014.

DNB Livsforsikring ASA Key Developments

Pagoh Education Hub and Pagoh Polytechnic Selects Virtua and Vital

Innovative announced that Malaysia's Pagoh Education Hub (PEH) and Pagoh Polytechnic have selected Virtua and Vital. Their libraries will hold approximately 50,000 and 30,000 items respectively and will be implementing their first automation systems. Both are under construction and are due to open in 2015.

DNB Livsforsikring ASA Discontinues its Operations in Public Sector Occupational Pensions Market

The Board of Directors of DNB Livsforsikring ASA has decided to discontinue the company's operations in the public sector occupational pensions market. The decision affects all insured public pension schemes for both municipalities and enterprises. The wind-up of the business area could take up to three years, but will not be noticeable to the members of the pension schemes. A final decision regarding the wind-up will be made by the Supervisory Board.

DNB Livsforsikring ASA Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012

DNB Livsforsikring ASA reported unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported pre-tax profit of NOK 305 million and profit of NOK 384 million compared to pre-tax profit of NOK 141 million and profit of NOK 294 million reported a year ago. Total income was NOK 652 million compared to NOK 533 million reported a year ago. For the year, the company reported pre-tax profit of NOK 1,279 million and profit of NOK 1,634 million compared to pre-tax profit of NOK 416 million and profit of NOK 314 million reported a year ago. Total income was NOK 2,738 million compared to NOK 1,988 million reported a year ago.

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