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"Report and Accounts for the Year 1997"



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Table 19
Principal financial assets of insurance companies, pension funds and social funds

End of period

Cash-in-hand
and balance
with the banks, etc.

Quoted
Danish
bonds1)

Quoted
Danish
shares2)

Other investment assets

Total3)

Of which
foreign bonds
and shares

Kr. billion

Insurance companies          

1986

2.4

175.1

11.7

20.7

2.8

1987

3.2

187.4

10.2

22.0

3.2

1988

3.5

199.4

12.7

24.6

5.4

1989

5.3

204.6

20.8

31.4

9.4

1990

3.8

204.9

27.0

43.4

12.0

1991

5.2

208.6

24.2

61.7

17.2

1992

7.2

211.7

16.7

88.5

16.1

1993

9.1

253.0

24.6

99.9

19.7

1994

6.7

246.8

27.6

95.9

26.0

1995

7.8

283.6

30.0

103.8

27.5

1996

7.4

320.9

42.0

117.9

37.4

Pension funds          

1986

0.8

67.1

5.7

11.1

0.5

1987

0.9

70.6

6.4

12.1

0.6

1988

1.5

72.9

8.6

13.4

1.0

1989

1.0

76.1

12.8

16.1

1.5

1990

1.5

82.2

15.6

18.4

1.5

1991

2.0

88.7

17.4

21.7

4.1

1992

2.5

95.3

15.7

23.6

5.4

1993

3.3

103.2

21.9

28.6

11.6

1994

2.0

105.4

23.4

29.3

10.9

1995

2.0

118.8

23.4

31.4

12.4

1996

1.7

128.8

29.4

32.8

19.3

Supplementary
(Labour Market)
Pension Fund
         

1986

0.1

52.6

8.3

0.2

1987

0.0

57.9

8.8

0.2

1988

0.0

63.0

14.7

0.2

1989

0.0

68.3

19.5

0.7

1990

0.1

74.9

18.6

1.0

0.4

1991

0.0

81.2

23.0

2.0

1.4

1992

0.1

81.4

18.6

3.4

2.6

1993

0.0

94.1

26.9

4.9

4.9

1994

0.0

88.2

26.5

6.5

6.2

1995

0.0

99.3

29.9

9.0

8.7

1996

0.0

105.9

40.3

12.3

12.9

Employees' Capital
Pension Fund
         

1986

0.2

21.0

3.3

1.8

1987

0.1

22.1

3.2

2.0

1988

0.1

22.3

5.8

2.4

1989

0.1

22.1

5.5

2.6

1990

0.9

22.7

6.8

2.6

0.1

1991

0.4

24.1

7.6

3.1

0.6

1992

0.3

23.6

5.6

3.6

1.1

1993

0.1

26.5

7.6

3.6

1.3

1994

0.5

23.6

8.9

3.6

1.4

1995

0.1

25.4

10.1

3.7

2.0

1996

0.8

26.3

12.8

3.9

2.8

Sources: The Financial Supervisory Authority and the annual reports of the Supplementary (Labour Market) Pension Fund and
the Employees' Capital Pension Fund.
1) Nominal value up to end-1991. Thereafter market value.
2) Market value.
3) Unlisted Danish bonds and shares, shares in private limited companies and cooperative enterprises, lending and foreign bonds and shares. For the Employees´ Capital Pension Fund also including mortgage deeds acquired.





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Version 1.0 May 1998 Nationalbanken.
Published by Danmarks Nationalbank May 1998, http://www.nationalbanken.dk