31.12.2015   

EN

Official Journal of the European Union

L 347/1285


COMMISSION IMPLEMENTING REGULATION (EU) 2015/2452

of 2 December 2015

laying down implementing technical standards with regard to the procedures, formats and templates of the solvency and financial condition report in accordance with Directive 2009/138/EC of the European Parliament and of the Council

(Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Directive 2009/138/EC of 25 November 2009 of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (1), and in particular the fourth paragraph of Article 56 and Article 256(5) thereof,

Whereas:

(1)

The harmonised disclosure requirements on quantitative information included in the solvency and financial condition report should be assured by the application of a prescribed set of disclosure templates, which allow for an improved understanding of the information being disclosed to the public, especially for comparison across time and across different undertakings. The application of templates should also assure the equal treatment of insurance and reinsurance undertakings and should improve the understanding of disclosures performed by groups.

(2)

When insurance and reinsurance undertakings, participating insurance and reinsurance undertakings, insurance holding companies or mixed financial holding companies are authorised to publish a single solvency and financial condition report they should disclose separately, as part of their report, the information specified in this Regulation for individual undertakings for each insurance and reinsurance subsidiary covered by that report and the information prescribed for groups.

(3)

To ensure the consistent use of the means of disclosure, the relevant provisions on means of disclosure of Commission Delegated Regulation (EU) 2015/35 (2) should apply to the disclosure of group and single solvency and financial condition reports.

(4)

Insurance and reinsurance undertakings and groups should only disclose the information applicable for their business. For example, certain options provided for by Directive 2009/138/EC, like the use of the matching adjustment for the calculation of the technical provisions or the use of a full or partial internal model or of underwriting-specific parameters for the calculation of the solvency capital requirement, affect the scope of the information to be disclosed. In most cases, only a subset of the templates provided for in this Regulation should be disclosed, as not all the templates are applicable for all undertakings.

(5)

The provisions in this Regulation are closely linked to each other, since they deal with the procedures and templates for the disclosure of the solvency and financial condition report. To ensure coherence between those provisions, which should enter into force at the same time, and to facilitate a comprehensive view and access to them by persons subject to those obligations, including investors that are non-Union residents, it is desirable to include all the implementing technical standards required by Article 56 and 256(5) of Directive 2009/138/EC in a single Regulation.

(6)

This Regulation is based on the draft implementing technical standards submitted by the European Insurance and Occupational Pensions Authority to the Commission.

(7)

The European Insurance and Occupational Pensions Authority has conducted open public consultations on the draft implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the opinion of the Insurance and Reinsurance Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1094/2010 of the European Parliament and of the Council (3),

HAS ADOPTED THIS REGULATION:

Article 1

Subject matter

This Regulation lays down implementing technical standards on the solvency and financial condition report by establishing procedures, formats and the templates for the disclosure of information referred to in Article 51 of Directive 2009/138/EC for individual insurance and reinsurance undertakings and in Article 256 of Directive 2009/138/EC for groups.

Article 2

Public disclosure formats

When disclosing the information referred to in this Regulation figures reflecting monetary amounts shall be disclosed in thousands of units.

Article 3

Currency

1.   For the purposes of this Regulation ‘reporting currency’, unless otherwise required by the supervisory authority, shall be:

(a)

for individual disclosure, the currency used for the preparation of the insurance or reinsurance undertaking's financial statements;

(b)

for group disclosure, the currency used for the preparation of the consolidated financial statements.

2.   Figures reflecting monetary amounts shall be disclosed in the reporting currency. Any other currency than the reporting currency shall be converted into the reporting currency.

3.   When expressing the value of any asset or liability denominated in a currency other than the reporting currency, the value shall be converted in the reporting currency as if the conversion had taken place at the closing rate on the last day for which the appropriate rate is available in the reporting period to which the asset or liability relates.

4.   When expressing the value of any income or expense, the value shall be converted in the reporting currency using such basis of conversion as that used for accounting purposes.

5.   The conversion into the reporting currency shall be calculated by applying the exchange rate from the same source as used for the insurance or reinsurance undertaking's financial statements in case of individual reporting or for the consolidated financial statements in case of group reporting unless otherwise required by the supervisory authority.

Article 4

Templates for the solvency and financial condition report of individual undertakings

Insurance and reinsurance undertakings shall publicly disclose as part of their solvency and financial condition report at least the following templates:

(a)

template S.02.01.02 of Annex I specifying balance sheet information using the valuation in accordance with Article 75 of Directive 2009/138/EC, following the instructions set out in section S.02.01 of Annex II to this Regulation;

(b)

template S.05.01.02 of Annex I, specifying information on premiums, claims and expenses using the valuation and recognition principles used in the undertaking's financial statements, following the instructions set out in section S.05.01 of Annex II to this Regulation, for each line of business as defined in Annex I of Delegated Regulation (EU) 2015/35;

(c)

template S.05.02.01 of Annex I, specifying information on premiums, claims and expenses by country using the valuation and recognition principles used in the undertaking's financial statements, following the instructions set out in section S.05.02 of Annex II;

(d)

template S.12.01.02 of Annex I, specifying information on the technical provisions relating to life insurance and health insurance pursued on a similar technical basis to that of life insurance (‘health SLT’) for each line of business as defined in Annex I to Delegated Regulation (EU) 2015/35, following the instructions set out in section S.12.01 of Annex II to this Regulation;

(e)

template S.17.01.02 of Annex I, specifying information on non-life technical provisions, following the instructions set out in section S.17.01 of Annex II to this Regulation for each line of business as defined in Annex I of Delegated Regulation (EU) 2015/35;

(f)

template S.19.01.21 of Annex I, specifying information on non-life insurance claims in the format of development triangles, following the instructions set out in section S.19.01 of Annex II for the total non-life business;

(g)

template S.22.01.21 of Annex I, specifying information on the impact of the long term guarantee and transitional measures, following the instructions set out in section S.22.01 of Annex II;

(h)

template S.23.01.01 of Annex I, specifying information on own funds, including basic own funds and ancillary own funds, following the instructions set out in section S.23.01 of Annex II;

(i)

template S.25.01.21 of Annex I, specifying information on the Solvency Capital Requirement calculated using the standard formula, following the instructions set out in section S.25.01 of Annex II;

(j)

template S.25.02.21 of Annex I, specifying information on the Solvency Capital Requirement calculated using the standard formula and a partial internal model, following the instructions set out in section S.25.02 of Annex II;

(k)

template S.25.03.21 of Annex I, specifying information on the Solvency Capital Requirement calculated using a full internal model, following the instructions set out in section S.25.03 of Annex II;

(l)

template S.28.01.01 of Annex I, specifying the Minimum Capital Requirement for insurance and reinsurance undertakings engaged in only life or only non-life insurance or reinsurance activity, following the instructions set out in section S.28.01 of Annex II;

(m)

template S.28.02.01 of Annex I, specifying the Minimum Capital Requirement for insurance undertakings engaged in both life and non-life insurance activity, following the instructions set out in section S.28.02 of Annex II.

Article 5

Templates for the solvency and financial condition report of groups

Participating insurance and reinsurance undertakings, insurance holding companies or mixed financial holding companies shall publicly disclose as part of their group solvency and financial condition report at least the following templates:

(a)

template S.32.01.22 of Annex I, specifying information on the undertakings in the scope of the group, following the instructions set out in section S.32.01 of Annex III;

(b)

where, for the calculation of the group solvency, the group uses method 1 as defined in Article 230 of Directive 2009/138/EC, either exclusively or in combination with method 2 as defined in Article 233 of Directive 2009/138/EC, template S.02.01.02 of Annex I to this Regulation, specifying balance sheet information, using the valuation in accordance with Article 75 of Directive 2009/138/EC, following the instructions set out in section S.02.01 of Annex III to this Regulation;

(c)

template S.05.01.02 of Annex I, specifying information on premiums, claims and expenses, using the valuation and recognition principles used in the consolidated financial statements, following the instructions set out in section S.05.01 of Annex III to this Regulation, for each line of business as defined in Annex I of Delegated Regulation (EU) 2015/35;

(d)

template S.05.02.01 of Annex I, specifying information on premiums, claims and expenses by country, using the valuation and recognition principles used in the consolidated financial statements, following the instructions set out in section S.05.02 of Annex III;

(e)

template S.22.01.22 of Annex I, specifying information on the impact of the long term guarantee and transitional measures, following the instructions set out in section S.22.01 of Annex III;

(f)

template S.23.01.22 of Annex I, specifying information on own funds, including basic own funds and ancillary own funds, following the instructions set out in section S.23.01 of Annex III;

(g)

where, for the calculation of group solvency, the group uses method 1 as defined in Article 230 of Directive 2009/138/EC, either exclusively or in combination with method 2 as defined in Article 233 of that Directive, template S.25.01.22 of Annex I to this Regulation, specifying information on the Solvency Capital Requirement, calculated using the standard formula, following the instructions set out in section S.25.01 of Annex III to this Regulation;

(h)

where, for the calculation of group solvency, the group uses method 1 as defined in Article 230 of Directive 2009/138/EC, either exclusively or in combination with method 2 as defined in Article 233 of that Directive, template S.25.02.22 of Annex I to this Regulation, specifying information on the Solvency Capital Requirement, calculated using the standard formula and a partial internal model, following the instructions set out in section S.25.02 of Annex III to this Regulation;

(i)

where, for the calculation of group solvency, the group uses method 1 as defined in Article 230 of Directive 2009/138/EC, either exclusively or in combination with method 2 as defined in Article 233 of that Directive, template S.25.03.22 of Annex I to this Regulation, specifying information on the Solvency Capital Requirement, calculated using a full internal model, following the instructions set out in section S.25.03 of Annex III to this Regulation.

Article 6

References to other documents in the solvency and financial condition report

When insurance and reinsurance undertakings, participating insurance and reinsurance undertakings, insurance holding companies or mixed financial holding companies include in the solvency and financial condition report references to other publicly available documents, these references shall be done through references that lead directly to the information itself and not to a general document.

Article 7

Consistency of information

Insurance and reinsurance undertakings, participating insurance and reinsurance undertakings, insurance holding companies or mixed financial holding companies shall assess whether the information disclosed is fully consistent with the information reported to the supervisory authorities.

Article 8

Means of disclosure of the group and single solvency and financial condition report

Article 301 of Delegated Regulation (EU) 2015/35 shall apply to the disclosure of the group and single solvency and financial condition report.

Article 9

Involvement of the subsidiaries in the single solvency and financial condition report

1.   When a participating insurance or reinsurance undertaking, insurance holding company or mixed financial holding company requests an agreement from the group supervisor to provide a single solvency and financial condition report, the group supervisor shall promptly contact all supervisory authorities concerned to discuss in particular the language of the text of the single solvency and financial condition report.

2.   The participating insurance and reinsurance undertaking, insurance holding company or mixed financial holding company shall provide an explanation on how the subsidiaries shall be covered and how the subsidiaries' administrative, management or supervisory body shall be involved in the process and in the approval of the single solvency and financial condition report.

Article 10

Entry into force

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 2 December 2015.

For the Commission

The President

Jean-Claude JUNCKER


(1)  OJ L 335, 17.12.2009, p. 1.

(2)  Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (OJ L 12, 17.1.2015, p. 1).

(3)  Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC (OJ L 331, 15.12.2010, p. 48).


ANNEX I

S.02.01.02

Balance sheet

 

 

Solvency II value

Assets

 

C0010

Intangible assets

R0030

 

Deferred tax assets

R0040

 

Pension benefit surplus

R0050

 

Property, plant & equipment held for own use

R0060

 

Investments (other than assets held for index-linked and unit-linked contracts)

R0070

 

Property (other than for own use)

R0080

 

Holdings in related undertakings, including participations

R0090

 

Equities

R0100

 

Equities — listed

R0110

 

Equities — unlisted

R0120

 

Bonds

R0130

 

Government Bonds

R0140

 

Corporate Bonds

R0150

 

Structured notes

R0160

 

Collateralised securities

R0170

 

Collective Investments Undertakings

R0180

 

Derivatives

R0190

 

Deposits other than cash equivalents

R0200

 

Other investments

R0210

 

Assets held for index-linked and unit-linked contracts

R0220

 

Loans and mortgages

R0230

 

Loans on policies

R0240

 

Loans and mortgages to individuals

R0250

 

Other loans and mortgages

R0260

 

Reinsurance recoverables from:

R0270

 

Non-life and health similar to non-life

R0280

 

Non-life excluding health

R0290

 

Health similar to non-life

R0300

 

Life and health similar to life, excluding health and index-linked and unit-linked

R0310

 

Health similar to life

R0320

 

Life excluding health and index-linked and unit-linked

R0330

 

Life index-linked and unit-linked

R0340

 

Deposits to cedants

R0350

 

Insurance and intermediaries receivables

R0360

 

Reinsurance receivables

R0370

 

Receivables (trade, not insurance)

R0380

 

Own shares (held directly)

R0390

 

Amounts due in respect of own fund items or initial fund called up but not yet paid in

R0400

 

Cash and cash equivalents

R0410

 

Any other assets, not elsewhere shown

R0420

 

Total assets

R0500

 

Liabilities

 

C0010

Technical provisions — non-life

R0510

 

Technical provisions — non-life (excluding health)

R0520

 

TP calculated as a whole

R0530

 

Best Estimate

R0540

 

Risk margin

R0550

 

Technical provisions — health (similar to non-life)

R0560

 

TP calculated as a whole

R0570

 

Best Estimate

R0580

 

Risk margin

R0590

 

Technical provisions — life (excluding index-linked and unit-linked)

R0600

 

Technical provisions — health (similar to life)

R0610

 

TP calculated as a whole

R0620

 

Best Estimate

R0630

 

Risk margin

R0640

 

Technical provisions — life (excluding health and index-linked and unit-linked)

R0650

 

TP calculated as a whole

R0660

 

Best Estimate

R0670

 

Risk margin

R0680

 

Technical provisions — index-linked and unit-linked

R0690

 

TP calculated as a whole

R0700

 

Best Estimate

R0710

 

Risk margin

R0720

 

Contingent liabilities

R0740

 

Provisions other than technical provisions

R0750

 

Pension benefit obligations

R0760

 

Deposits from reinsurers

R0770

 

Deferred tax liabilities

R0780

 

Derivatives

R0790

 

Debts owed to credit institutions

R0800

 

Financial liabilities other than debts owed to credit institutions

R0810

 

Insurance & intermediaries payables

R0820

 

Reinsurance payables

R0830

 

Payables (trade, not insurance)

R0840

 

Subordinated liabilities

R0850

 

Subordinated liabilities not in BOF

R0860

 

Subordinated liabilities in BOF

R0870

 

Any other liabilities, not elsewhere shown

R0880

 

Total liabilities

R0900

 

Excess of assets over liabilities

R1000

 

S.05.01.02

Premiums, claims and expenses by line of business

 

 

Line of Business for: non-life insurance and reinsurance obligations (direct business and accepted proportional reinsurance)

 

 

Medical expense insurance

Income protection insurance

Workers' compensation insurance

Motor vehicle liability insurance

Other motor insurance

Marine, aviation and transport insurance

Fire and other damage to property insurance

General liability insurance

Credit and suretyship insurance

 

 

C0010

C0020

C0030

C0040

C0050

C0060

C0070

C0080

C0090

Premiums written

Gross — Direct Business

R0110

 

 

 

 

 

 

 

 

 

Gross — Proportional reinsurance accepted

R0120

 

 

 

 

 

 

 

 

 

Gross — Non-proportional reinsurance accepted

R0130

 

 

 

 

 

 

 

 

 

Reinsurers' share

R0140

 

 

 

 

 

 

 

 

 

Net

R0200

 

 

 

 

 

 

 

 

 

Premiums earned

Gross — Direct Business

R0210

 

 

 

 

 

 

 

 

 

Gross — Proportional reinsurance accepted

R0220

 

 

 

 

 

 

 

 

 

Gross — Non-proportional reinsurance accepted

R0230

 

 

 

 

 

 

 

 

 

Reinsurers' share

R0240

 

 

 

 

 

 

 

 

 

Net

R0300

 

 

 

 

 

 

 

 

 

Claims incurred

Gross — Direct Business

R0310

 

 

 

 

 

 

 

 

 

Gross — Proportional reinsurance accepted

R0320

 

 

 

 

 

 

 

 

 

Gross — Non-proportional reinsurance accepted

R0330

 

 

 

 

 

 

 

 

 

Reinsurers' share

R0340

 

 

 

 

 

 

 

 

 

Net

R0400

 

 

 

 

 

 

 

 

 

Changes in other technical provisions

Gross — Direct Business

R0410

 

 

 

 

 

 

 

 

 

Gross — Proportional reinsurance accepted

R0420

 

 

 

 

 

 

 

 

 

Gross — Non- proportional reinsurance accepted

R0430

 

 

 

 

 

 

 

 

 

Reinsurers'share

R0440

 

 

 

 

 

 

 

 

 

Net

R0500

 

 

 

 

 

 

 

 

 

Expenses incurred

R0550

 

 

 

 

 

 

 

 

 

Other expenses

R1200

 

 

 

 

 

 

 

 

 

Total expenses

R1300

 

 

 

 

 

 

 

 

 


 

 

Line of Business for: non-life insurance and reinsurance obligations (direct business and accepted proportional reinsurance)

Line of business for: accepted non-proportional reinsurance

Total

 

 

Legal expenses insurance

Assistance

Miscellaneous financial loss

Health

Casualty

Marine, aviation, transport

Property

 

 

C0100

C0110

C0120

C0130

C0140

C0150

C0160

C0200

Premiums written

Gross — Direct Business

R0110

 

 

 

 

 

 

 

 

Gross — Proportional reinsurance accepted

R0120

 

 

 

 

 

 

 

 

Gross — Non-proportional reinsurance accepted

R0130

 

 

 

 

 

 

 

 

Reinsurers' share

R0140

 

 

 

 

 

 

 

 

Net

R0200

 

 

 

 

 

 

 

 

Premiums earned

Gross — Direct Business

R0210

 

 

 

 

 

 

 

 

Gross — Proportional reinsurance accepted

R0220

 

 

 

 

 

 

 

 

Gross — Non-proportional reinsurance accepted

R0230

 

 

 

 

 

 

 

 

Reinsurers' share

R0240

 

 

 

 

 

 

 

 

Net

R0300

 

 

 

 

 

 

 

 

Claims incurred

Gross — Direct Business

R0310

 

 

 

 

 

 

 

 

Gross — Proportional reinsurance accepted

R0320

 

 

 

 

 

 

 

 

Gross — Non-proportional reinsurance accepted

R0330

 

 

 

 

 

 

 

 

Reinsurers' share

R0340

 

 

 

 

 

 

 

 

Net

R0400

 

 

 

 

 

 

 

 

Changes in other technical provisions

Gross — Direct Business

R0410

 

 

 

 

 

 

 

 

Gross — Proportional reinsurance accepted

R0420

 

 

 

 

 

 

 

 

Gross — Non- proportional reinsurance accepted

R0430

 

 

 

 

 

 

 

 

Reinsurers' share

R0440

 

 

 

 

 

 

 

 

Net

R0500

 

 

 

 

 

 

 

 

Expenses incurred

R0550

 

 

 

 

 

 

 

 

Other expenses

R1200

 

 

 

 

 

 

 

 

Total expenses

R1300

 

 

 

 

 

 

 

 


 

 

Line of Business for: life insurance obligations

Life reinsurance obligations

Total

 

 

Health insurance

Insurance with profit participation

Index-linked and unit-linked insurance

Other life insurance

Annuities stemming from non-life insurance contracts and relating to health insurance obligations

Annuities stemming from non-life insurance contracts and relating to insurance obligations other than health insurance obligations

Health reinsurance

Life reinsurance

 

 

 

C0210

C0220

C0230

C0240

C0250

C0260

C0270

C0280

C0300

Premiums written

Gross

R1410

 

 

 

 

 

 

 

 

 

Reinsurers' share

R1420

 

 

 

 

 

 

 

 

 

Net

R1500

 

 

 

 

 

 

 

 

 

Premiums earned

Gross

R1510

 

 

 

 

 

 

 

 

 

Reinsurers' share

R1520

 

 

 

 

 

 

 

 

 

Net

R1600

 

 

 

 

 

 

 

 

 

Claims incurred

Gross

R1610

 

 

 

 

 

 

 

 

 

Reinsurers' share

R1620

 

 

 

 

 

 

 

 

 

Net

R1700

 

 

 

 

 

 

 

 

 

Changes in other technical provisions

Gross

R1710

 

 

 

 

 

 

 

 

 

Reinsurers' share

R1720

 

 

 

 

 

 

 

 

 

Net

R1800

 

 

 

 

 

 

 

 

 

Expenses incurred

R1900

 

 

 

 

 

 

 

 

 

Other expenses

R2500

 

 

 

 

 

 

 

 

 

Total expenses

R2600

 

 

 

 

 

 

 

 

 

S.05.02.01

Premiums, claims and expenses by country

 

 

Home Country

Top 5 countries (by amount of gross premiums written) — non-life obligations

Total Top 5 and home country

 

 

C0010

C0020

C0030

C0040

C0050

C0060

C0070

 

R0010

 

 

 

 

 

 

 

 

 

C0080

C0090

C0100

C0110

C0120

C0130

C0140

Premiums written

Gross — Direct Business

R0110

 

 

 

 

 

 

 

Gross — Proportional reinsurance accepted

R0120

 

 

 

 

 

 

 

Gross — Non-proportional reinsurance accepted

R0130

 

 

 

 

 

 

 

Reinsurers' share

R0140

 

 

 

 

 

 

 

Net

R0200

 

 

 

 

 

 

 

Premiums earned

Gross — Direct Business

R0210

 

 

 

 

 

 

 

Gross — Proportional reinsurance accepted

R0220

 

 

 

 

 

 

 

Gross — Non-proportional reinsurance accepted

R0230

 

 

 

 

 

 

 

Reinsurers' share

R0240

 

 

 

 

 

 

 

Net

R0300

 

 

 

 

 

 

 

Claims incurred

Gross — Direct Business

R0310

 

 

 

 

 

 

 

Gross — Proportional reinsurance accepted

R0320

 

 

 

 

 

 

 

Gross — Non-proportional reinsurance accepted

R0330

 

 

 

 

 

 

 

Reinsurers' share

R0340

 

 

 

 

 

 

 

Net

R0400

 

 

 

 

 

 

 

Changes in other technical provisions

Gross — Direct Business

R0410

 

 

 

 

 

 

 

Gross — Proportional reinsurance accepted

R0420

 

 

 

 

 

 

 

Gross — Non- proportional reinsurance accepted

R0430

 

 

 

 

 

 

 

Reinsurers' share

R0440

 

 

 

 

 

 

 

Net

R0500

 

 

 

 

 

 

 

Expenses incurred

R0550

 

 

 

 

 

 

 

Other expenses

R1200

 

 

 

 

 

 

 

Total expenses

R1300

 

 

 

 

 

 

 


 

 

Home Country

Top 5 countries (by amount of gross premiums written) — non-life obligations

Total Top 5 and home country

 

 

C0150

C0160

C0170

C0180

C0190

C0200

C0210

 

R1400

 

 

 

 

 

 

 

 

 

C0220

C0230

C0240

C0250

C0260

C0270

C0280

Premiums written

Gross

R1410

 

 

 

 

 

 

 

Reinsurers' share

R1420

 

 

 

 

 

 

 

Net

R1500

 

 

 

 

 

 

 

Premiums earned

Gross

R1510

 

 

 

 

 

 

 

Reinsurers' share

R1520

 

 

 

 

 

 

 

Net

R1600

 

 

 

 

 

 

 

Claims incurred

Gross

R1610

 

 

 

 

 

 

 

Reinsurers' share

R1620

 

 

 

 

 

 

 

Net

R1700

 

 

 

 

 

 

 

Changes in other technical provisions

Gross

R1710

 

 

 

 

 

 

 

Reinsurers' share

R1720

 

 

 

 

 

 

 

Net

R1800

 

 

 

 

 

 

 

Expenses incurred

R1900

 

 

 

 

 

 

 

Other expenses

R2500

 

 

 

 

 

 

 

Total expenses

R2600

 

 

 

 

 

 

 

S.12.01.02

Life and Health SLT Technical Provisions

 

 

Insurance with profit participation

Index-linked and unit-linked insurance

Other life insurance

Annuities stemming from non-life insurance contracts and relating to insurance obligation other than health insurance obligations

Accepted reinsurance

Total (Life other than health insurance, incl. Unit-Linked)

 

 

 

Contracts without options and guarantees

Contracts with options or guarantees

 

Contracts without options and guarantees

Contracts with options or guarantees

 

 

C0020

C0030

C0040

C0050

C0060

C0070

C0080

C0090

C0100

C0150

Technical provisions calculated as a whole

R0010

 

 

 

 

 

 

 

 

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default associated to TP calculated as a whole

R0020

 

 

 

 

 

 

 

 

Technical provisions calculated as a sum of BE and RM

 

 

 

 

 

 

 

 

 

 

 

Best Estimate

 

 

 

 

 

 

 

 

 

 

 

Gross Best Estimate

R0030

 

 

 

 

 

 

 

 

 

 

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default

R0080

 

 

 

 

 

 

 

 

 

 

Best estimate minus recoverables from reinsurance/SPV and Finite Re — total

R0090

 

 

 

 

 

 

 

 

 

 

Risk Margin

R0100

 

 

 

 

 

 

 

 

Amount of the transitional on Technical Provisions

 

 

 

 

 

 

 

 

 

Technical Provisions calculated as a whole

R0110

 

 

 

 

 

 

 

 

Best estimate

R0120

 

 

 

 

 

 

 

 

 

 

Risk margin

R0130

 

 

 

 

 

 

 

 

Technical provisions — total

R0200

 

 

 

 

 

 

 

 


 

 

Health insurance (direct business)

Annuities stemming from non-life insurance contracts and relating to health insurance obligations

Health reinsurance (reinsurance accepted)

Total (Health similar to life insurance)

 

 

 

Contracts without options and guarantees

Contracts with options or guarantees

 

 

C0160

C0170

C0180

C0190

C0200

C0210

Technical provisions calculated as a whole

R0010

 

 

 

 

 

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default associated to TP calculated as a whole

R0020

 

 

 

 

 

Technical provisions calculated as a sum of BE and RM

 

 

 

 

 

 

 

Best Estimate

 

 

 

 

 

 

 

Gross Best Estimate

R0030

 

 

 

 

 

 

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default

R0080

 

 

 

 

 

 

Best estimate minus recoverables from reinsurance/SPV and Finite Re — total

R0090

 

 

 

 

 

 

Risk Margin

R0100

 

 

 

 

 

Amount of the transitional on Technical Provisions

 

 

 

 

 

 

Technical Provisions calculated as a whole

R0110

 

 

 

 

 

Best estimate

R0120

 

 

 

 

 

 

Risk margin

R0130

 

 

 

 

 

Technical provisions — total

R0200

 

 

 

 

 

S.17.01.02

Non-life Technical Provisions

 

 

Direct business and accepted proportional reinsurance

 

 

Medical expense insurance

Income protection insurance

Workers' compensation insurance

Motor vehicle liability insurance

Other motor insurance

Marine, aviation and transport insurance

Fire and other damage to property insurance

General liability insurance

Credit and suretyship insurance

 

 

C0020

C0030

C0040

C0050

C0060

C0070

C0080

C0090

C0100

Technical provisions calculated as a whole

R0010

 

 

 

 

 

 

 

 

 

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default associated to TP calculated as a whole

R0050

 

 

 

 

 

 

 

 

 

Technical provisions calculated as a sum of BE and RM

 

 

 

 

 

 

 

 

 

 

Best estimate

 

 

 

 

 

 

 

 

 

 

Premium provisions

 

 

 

 

 

 

 

 

 

 

Gross

R0060

 

 

 

 

 

 

 

 

 

Total recoverable from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default

R0140

 

 

 

 

 

 

 

 

 

Net Best Estimate of Premium Provisions

R0150

 

 

 

 

 

 

 

 

 

Claims provisions

 

 

 

 

 

 

 

 

 

 

Gross

R0160

 

 

 

 

 

 

 

 

 

Total recoverable from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default

R0240

 

 

 

 

 

 

 

 

 

Net Best Estimate of Claims Provisions

R0250

 

 

 

 

 

 

 

 

 

Total Best estimate — gross

R0260

 

 

 

 

 

 

 

 

 

Total Best estimate — net

R0270

 

 

 

 

 

 

 

 

 

Risk margin

R0280

 

 

 

 

 

 

 

 

 

Amount of the transitional on Technical Provisions

 

 

 

 

 

 

 

 

 

 

Technical Provisions calculated as a whole

R0290

 

 

 

 

 

 

 

 

 

Best estimate

R0300

 

 

 

 

 

 

 

 

 

Risk margin

R0310

 

 

 

 

 

 

 

 

 

Technical provisions — total

 

 

 

 

 

 

 

 

 

 

Technical provisions — total

R0320

 

 

 

 

 

 

 

 

 

Recoverable from reinsurance contract/SPV and Finite Re after the adjustment for expected losses due to counterparty default — total

R0330

 

 

 

 

 

 

 

 

 

Technical provisions minus recoverables from reinsurance/SPV and Finite Re — total

R0340

 

 

 

 

 

 

 

 

 


 

 

Direct business and accepted proportional reinsurance

Accepted non-proportional reinsurance

Total Non-Life obligation

 

 

Legal expenses insurance

Assistance

Miscellaneous financial loss

Non-proportional health reinsurance

Non-proportional casualty reinsurance

Non-proportional marine, aviation and transport reinsurance

Non-proportional property reinsurance

 

 

C0110

C0120

C0130

C0140

C0150

C0160

C0170

C0180

Technical provisions calculated as a whole

R0010

 

 

 

 

 

 

 

 

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default associated to TP calculated as a whole

R0050

 

 

 

 

 

 

 

 

Technical provisions calculated as a sum of BE and RM

 

 

 

 

 

 

 

 

 

Best estimate

 

 

 

 

 

 

 

 

 

Premium provisions

 

 

 

 

 

 

 

 

 

Gross

R0060

 

 

 

 

 

 

 

 

Total recoverable from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default

R0140

 

 

 

 

 

 

 

 

Net Best Estimate of Premium Provisions

R0150

 

 

 

 

 

 

 

 

Claims provisions

 

 

 

 

 

 

 

 

 

Gross

R0160

 

 

 

 

 

 

 

 

Total recoverable from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default

R0240

 

 

 

 

 

 

 

 

Net Best Estimate of Claims Provisions

R0250

 

 

 

 

 

 

 

 

Total Best estimate — gross

R0260

 

 

 

 

 

 

 

 

Total Best estimate — net

R0270

 

 

 

 

 

 

 

 

Risk margin

R0280

 

 

 

 

 

 

 

 

Amount of the transitional on Technical Provisions

 

 

 

 

 

 

 

 

 

Technical Provisions calculated as a whole

R0290

 

 

 

 

 

 

 

 

Best estimate

R0300

 

 

 

 

 

 

 

 

Risk margin

R0310

 

 

 

 

 

 

 

 

Technical provisions — total

 

 

 

 

 

 

 

 

 

Technical provisions — total

R0320

 

 

 

 

 

 

 

 

Recoverable from reinsurance contract/SPV and Finite Re after the adjustment for expected losses due to counterparty default — total

R0330

 

 

 

 

 

 

 

 

Technical provisions minus recoverables from reinsurance/SPV and Finite Re — total

R0340

 

 

 

 

 

 

 

 

S.19.01.21

Non-life insurance claims

Total Non-Life Business

Accident year / Underwriting year

Z0010

 


Gross Claims Paid (non-cumulative)

(absolute amount)

 

 

Development year

 

 

In Current year

 

Sum of years (cumulative)

 

Year

0

1

2

3

4

5

6

7

8

9

10 & +

 

 

 

 

 

C0010

C0020

C0030

C0040

C0050

C0060

C0070

C0080

C0090

C0100

C0110

 

 

C0170

 

C0180

Prior

R0100

 

 

 

 

 

 

 

 

 

 

 

 

R0100

 

 

 

N-9

R0160

 

 

 

 

 

 

 

 

 

 

 

 

R0160

 

 

 

N-8

R0170

 

 

 

 

 

 

 

 

 

 

 

 

R0170

 

 

 

N-7

R0180

 

 

 

 

 

 

 

 

 

 

 

 

R0180

 

 

 

N-6

R0190

 

 

 

 

 

 

 

 

 

 

 

 

R0190

 

 

 

N-5

R0200

 

 

 

 

 

 

 

 

 

 

 

 

R0200

 

 

 

N-4

R0210

 

 

 

 

 

 

 

 

 

 

 

 

R0210

 

 

 

N-3

R0220

 

 

 

 

 

 

 

 

 

 

 

 

R0220

 

 

 

N-2

R0230

 

 

 

 

 

 

 

 

 

 

 

 

R0230

 

 

 

N-1

R0240

 

 

 

 

 

 

 

 

 

 

 

 

R0240

 

 

 

N

R0250

 

 

 

 

 

 

 

 

 

 

 

 

R0250

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

R0260

 

 

 


Gross undiscounted Best Estimate Claims Provisions

(absolute amount)

 

 

Development year

 

 

Year end (discounted data)

 

Year

0

1

2

3

4

5

6

7

8

9

10 & +

 

 

 

 

C0200

C0210

C0220

C0230

C0240

C0250

C0260

C0270

C0280

C0290

C0300

 

 

C0360

Prior

R0100

 

 

 

 

 

 

 

 

 

 

 

 

R0100

 

N-9

R0160

 

 

 

 

 

 

 

 

 

 

 

 

R0160

 

N-8

R0170

 

 

 

 

 

 

 

 

 

 

 

 

R0170

 

N-7

R0180

 

 

 

 

 

 

 

 

 

 

 

 

R0180

 

N-6

R0190

 

 

 

 

 

 

 

 

 

 

 

 

R0190

 

N-5

R0200

 

 

 

 

 

 

 

 

 

 

 

 

R0200

 

N-4

R0210

 

 

 

 

 

 

 

 

 

 

 

 

R0210

 

N-3

R0220

 

 

 

 

 

 

 

 

 

 

 

 

R0220

 

N-2

R0230

 

 

 

 

 

 

 

 

 

 

 

 

R0230

 

N-1

R0240

 

 

 

 

 

 

 

 

 

 

 

 

R0240

 

N

R0250

 

 

 

 

 

 

 

 

 

 

 

 

R0250

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

R0260

 

S.22.01.21

Impact of long term guarantees and transitional measures

 

 

Amount with Long Term Guarantee measures and transitionals

Impact of transitional on technical provisions

Impact of transitional on interest rate

Impact of volatility adjustment set to zero

Impact of matching adjustment set to zero

 

 

C0010

C0030

C0050

C0070

C0090

Technical provisions

R0010

 

 

 

 

 

Basic own funds

R0020

 

 

 

 

 

Eligible own funds to meet Solvency Capital Requirement

R0050

 

 

 

 

 

Solvency Capital Requirement

R0090

 

 

 

 

 

Eligible own funds to meet Minimum Capital Requirement

R0100

 

 

 

 

 

Minimum Capital Requirement

R0110

 

 

 

 

 


S.22.01.22

Impact of long term guarantees and transitional measures

 

 

Amount with Long Term Guarantee measures and transitionals

Impact of transitional on technical provisions

Impact of transitional on interest rate

Impact of volatility adjustment set to zero

Impact of matching adjustment set to zero

 

 

C0010

C0030

C0050

C0070

C0090

Technical provisions

R0010

 

 

 

 

 

Basic own funds

R0020

 

 

 

 

 

Eligible own funds to meet Solvency Capital Requirement

R0050

 

 

 

 

 

Solvency Capital Requirement

R0090

 

 

 

 

 


S.23.01.01

Own funds

 

 

Total

Tier 1 — unrestricted

Tier 1 — restricted

Tier 2

Tier 3

 

 

C0010

C0020

C0030

C0040

C0050

Basic own funds before deduction for participations in other financial sector as foreseen in article 68 of Delegated Regulation (EU) 2015/35

 

 

 

 

 

 

Ordinary share capital (gross of own shares)

R0010

 

 

 

 

 

Share premium account related to ordinary share capital

R0030

 

 

 

 

 

Initial funds, members' contributions or the equivalent basic own — fund item for mutual and mutual-type undertakings

R0040

 

 

 

 

 

Subordinated mutual member accounts

R0050

 

 

 

 

 

Surplus funds

R0070

 

 

 

 

 

Preference shares

R0090

 

 

 

 

 

Share premium account related to preference shares

R0110

 

 

 

 

 

Reconciliation reserve

R0130

 

 

 

 

 

Subordinated liabilities

R0140

 

 

 

 

 

An amount equal to the value of net deferred tax assets

R0160

 

 

 

 

 

Other own fund items approved by the supervisory authority as basic own funds not specified above

R0180

 

 

 

 

 

Own funds from the financial statements that should not be represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds

 

 

 

 

 

 

Own funds from the financial statements that should not be represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds

R0220

 

 

 

 

 

Deductions

 

 

 

 

 

 

Deductions for participations in financial and credit institutions

R0230

 

 

 

 

 

Total basic own funds after deductions

R0290

 

 

 

 

 

Ancillary own funds

 

 

 

 

 

 

Unpaid and uncalled ordinary share capital callable on demand

R0300

 

 

 

 

 

Unpaid and uncalled initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual — type undertakings, callable on demand

R0310

 

 

 

 

 

Unpaid and uncalled preference shares callable on demand

R0320

 

 

 

 

 

A legally binding commitment to subscribe and pay for subordinated liabilities on demand

R0330

 

 

 

 

 

Letters of credit and guarantees under Article 96(2) of the Directive 2009/138/EC

R0340

 

 

 

 

 

Letters of credit and guarantees other than under Article 96(2) of the Directive 2009/138/EC

R0350

 

 

 

 

 

Supplementary members calls under first subparagraph of Article 96(3) of the Directive 2009/138/EC

R0360

 

 

 

 

 

Supplementary members calls — other than under first subparagraph of Article 96(3) of the Directive 2009/138/EC

R0370

 

 

 

 

 

Other ancillary own funds

R0390

 

 

 

 

 

Total ancillary own funds

R0400

 

 

 

 

 

Available and eligible own funds

 

 

 

 

 

 

Total available own funds to meet the SCR

R0500

 

 

 

 

 

Total available own funds to meet the MCR

R0510

 

 

 

 

 

Total eligible own funds to meet the SCR

R0540

 

 

 

 

 

Total eligible own funds to meet the MCR

R0550

 

 

 

 

 

SCR

R0580

 

 

 

 

 

MCR

R0600

 

 

 

 

 

Ratio of Eligible own funds to SCR

R0620

 

 

 

 

 

Ratio of Eligible own funds to MCR

R0640

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C0060

 

 

 

 

Reconciliation reserve

 

 

 

 

 

 

Excess of assets over liabilities

R0700

 

 

 

 

 

Own shares (held directly and indirectly)

R0710

 

 

 

 

 

Foreseeable dividends, distributions and charges

R0720

 

 

 

 

 

Other basic own fund items

R0730

 

 

 

 

 

Adjustment for restricted own fund items in respect of matching adjustment portfolios and ring fenced funds

R0740

 

 

 

 

 

Reconciliation reserve

R0760

 

 

 

 

 

Expected profits

 

 

 

 

 

 

Expected profits included in future premiums (EPIFP) — Life business

R0770

 

 

 

 

 

Expected profits included in future premiums (EPIFP) — Non- life business

R0780

 

 

 

 

 

Total Expected profits included in future premiums (EPIFP)

R0790

 

 

 

 

 


S.23.01.22

Own funds

 

 

Total

Tier 1 — unrestricted

Tier 1 — restricted

Tier 2

Tier 3

 

 

C0010

C0020

C0030

C0040

C0050

Basic own funds before deduction for participations in other financial sector

 

 

 

 

 

 

Ordinary share capital (gross of own shares)

R0010

 

 

 

 

 

Non-available called but not paid in ordinary share capital at group level

R0020

 

 

 

 

 

Share premium account related to ordinary share capital

R0030

 

 

 

 

 

Iinitial funds, members' contributions or the equivalent basic own — fund item for mutual and mutual-type undertakings

R0040

 

 

 

 

 

Subordinated mutual member accounts

R0050

 

 

 

 

 

Non-available subordinated mutual member accounts at group level

R0060

 

 

 

 

 

Surplus funds

R0070

 

 

 

 

 

Non-available surplus funds at group level

R0080

 

 

 

 

 

Preference shares

R0090

 

 

 

 

 

Non-available preference shares at group level

R0100

 

 

 

 

 

Share premium account related to preference shares

R0110

 

 

 

 

 

Non-available share premium account related to preference shares at group level

R0120

 

 

 

 

 

Reconciliation reserve

R0130

 

 

 

 

 

Subordinated liabilities

R0140

 

 

 

 

 

Non-available subordinated liabilities at group level

R0150

 

 

 

 

 

An amount equal to the value of net deferred tax assets

R0160

 

 

 

 

 

The amount equal to the value of net deferred tax assets not available at the group level

R0170

 

 

 

 

 

Other items approved by supervisory authority as basic own funds not specified above

R0180

 

 

 

 

 

Non available own funds related to other own funds items approved by supervisory authority

R0190

 

 

 

 

 

Minority interests (if not reported as part of a specific own fund item)

R0200

 

 

 

 

 

Non-available minority interests at group level

R0210

 

 

 

 

 

Own funds from the financial statements that should not be represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds

 

 

 

 

 

 

Own funds from the financial statements that should not be represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds

R0220

 

 

 

 

 

Deductions

 

 

 

 

 

 

Deductions for participations in other financial undertakings, including non-regulated undertakings carrying out financial activities

R0230

 

 

 

 

 

whereof deducted according to art 228 of the Directive 2009/138/EC

R0240

 

 

 

 

 

Deductions for participations where there is non-availability of information (Article 229)

R0250

 

 

 

 

 

Deduction for participations included by using D&A when a combination of methods is used

R0260

 

 

 

 

 

Total of non-available own fund items

R0270

 

 

 

 

 

Total deductions

R0280

 

 

 

 

 

Total basic own funds after deductions

R0290

 

 

 

 

 

Ancillary own funds

 

 

 

 

 

 

Unpaid and uncalled ordinary share capital callable on demand

R0300

 

 

 

 

 

Unpaid and uncalled initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual — type undertakings, callable on demand

R0310

 

 

 

 

 

Unpaid and uncalled preference shares callable on demand

R0320

 

 

 

 

 

Letters of credit and guarantees other than under Article 96(2) of the Directive 2009/138/EC

R0350

 

 

 

 

 

Letters of credit and guarantees under Article 96(2) of the Directive 2009/138/EC

R0340

 

 

 

 

 

 

 

 

 

 

 

 

Supplementary members calls under first subparagraph of Article 96(3) of the Directive 2009/138/EC

R0360

 

 

 

 

 

Supplementary members calls — other than under first subparagraph of Article 96(3) of the Directive 2009/138/EC

R0370

 

 

 

 

 

Non available ancillary own funds at group level

R0380

 

 

 

 

 

Other ancillary own funds

R0390

 

 

 

 

 

Total ancillary own funds

R0400

 

 

 

 

 

Own funds of other financial sectors

 

 

 

 

 

 

Reconciliation reserve

R0410

 

 

 

 

 

Institutions for occupational retirement provision

R0420

 

 

 

 

 

Non regulated entities carrying out financial activities

R0430

 

 

 

 

 

Total own funds of other financial sectors

R0440

 

 

 

 

 

Own funds when using the D&A, exclusively or in combination of method 1

 

 

 

 

 

 

Own funds aggregated when using the D&A and combination of method

R0450

 

 

 

 

 

Own funds aggregated when using the D&A and combination of method net of IGT

R0460

 

 

 

 

 

 

 

 

 

 

 

 

Total available own funds to meet the consolidated group SCR (excluding own funds from other financial sector and from the undertakings included via D&A )

R0520

 

 

 

 

 

Total available own funds to meet the minimum consolidated group SCR

R0530

 

 

 

 

 

Total eligible own funds to meet the consolidated group SCR (excluding own funds from other financial sector and from the undertakings included via D&A )

R0560

 

 

 

 

 

Total eligible own funds to meet the minimum consolidated group SCR

R0570

 

 

 

 

 

Minimum consolidated Group SCR

R0610

 

 

 

 

 

Ratio of Eligible own funds to Minimum Consolidated Group SCR

R0650

 

 

 

 

 

Total eligible own funds to meet the group SCR (including own funds from other financial sector and from the undertakings included via D&A )

R0660

 

 

 

 

 

Group SCR

R0680

 

 

 

 

 

Ratio of Eligible own funds to group SCR including other financial sectors and the undertakings included via D&A

R0690

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C0060

 

 

 

 

Reconciliation reserve

 

 

 

 

 

 

Excess of assets over liabilities

R0700

 

 

 

 

 

Own shares (held directly and indirectly)

R0710

 

 

 

 

 

Foreseeable dividends, distributions and charges

R0720

 

 

 

 

 

Other basic own fund items

R0730

 

 

 

 

 

Adjustment for restricted own fund items in respect of matching adjustment portfolios and ring fenced funds

R0740

 

 

 

 

 

Other non available own funds

R0750

 

 

 

 

 

Reconciliation reserve before deduction for participations in other financial sector

R0760

 

 

 

 

 

Expected profits

 

 

 

 

 

 

Expected profits included in future premiums (EPIFP) — Life business

R0770

 

 

 

 

 

Expected profits included in future premiums (EPIFP) — Non- life business

R0780

 

 

 

 

 

Total Expected profits included in future premiums (EPIFP)

R0790

 

 

 

 

 


S.25.01.21

Solvency Capital Requirement — for undertakings on Standard Formula

 

 

Gross solvency capital requirement

USP

Simplifications

 

 

C0110

C0090

C0100

Market risk

R0010

 

 

 

Counterparty default risk

R0020

 

 

 

Life underwriting risk

R0030

 

 

 

Health underwriting risk

R0040

 

 

 

Non-life underwriting risk

R0050

 

 

 

Diversification

R0060

 

 

 

Intangible asset risk

R0070

 

 

 

Basic Solvency Capital Requirement

R0100

 

 

 

 

 

 

 

 

Calculation of Solvency Capital Requirement

 

C0100

 

 

Operational risk

R0130

 

 

 

Loss-absorbing capacity of technical provisions

R0140

 

 

 

Loss-absorbing capacity of deferred taxes

R0150

 

 

 

Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC

R0160

 

 

 

Solvency capital requirement excluding capital add-on

R0200

 

 

 

Capital add-on already set

R0210

 

 

 

Solvency capital requirement

R0220

 

 

 

Other information on SCR

 

 

 

 

Capital requirement for duration-based equity risk sub-module

R0400

 

 

 

Total amount of Notional Solvency Capital Requirement for remaining part

R0410

 

 

 

Total amount of Notional Solvency Capital Requirements for ring fenced funds

R0420

 

 

 

Total amount of Notional Solvency Capital Requirements for matching adjustment portfolios

R0430

 

 

 

Diversification effects due to RFF nSCR aggregation for article 304

R0440

 

 

 


S.25.01.22

Solvency Capital Requirement — for groups on Standard Formula

 

 

Gross solvency capital requirement

USP

Simplifications

 

 

C0110

C0080

C0090

Market risk

R0010

 

 

 

Counterparty default risk

R0020

 

 

 

Life underwriting risk

R0030

 

 

 

Health underwriting risk

R0040

 

 

 

Non-life underwriting risk

R0050

 

 

 

Diversification

R0060

 

 

 

Intangible asset risk

R0070

 

 

 

Basic Solvency Capital Requirement

R0100

 

 

 

 

 

 

 

 

Calculation of Solvency Capital Requirement

 

C0100

 

 

Operational risk

R0130

 

 

 

Loss-absorbing capacity of technical provisions

R0140

 

 

 

Loss-absorbing capacity of deferred taxes

R0150

 

 

 

Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC

R0160

 

 

 

Solvency capital requirement excluding capital add-on

R0200

 

 

 

Capital add-on already set

R0210

 

 

 

Solvency capital requirement

R0220

 

 

 

Other information on SCR

 

 

 

 

Capital requirement for duration-based equity risk sub-module

R0400

 

 

 

Total amount of Notional Solvency Capital Requirements for remaining part

R0410

 

 

 

Total amount of Notional Solvency Capital Requirements for ring fenced funds

R0420

 

 

 

Total amount of Notional Solvency Capital Requirements for matching adjustment portfolios

R0430

 

 

 

Diversification effects due to RFF nSCR aggregation for article 304

R0440

 

 

 

Minimum consolidated group solvency capital requirement

R0470

 

 

 

Information on other entities

 

 

 

 

Capital requirement for other financial sectors (Non-insurance capital requirements)

R0500

 

 

 

Capital requirement for other financial sectors (Non-insurance capital requirements) — Credit institutions, investment firms and financial institutions, alternative investment funds managers, UCITS management companies

R0510

 

 

 

Capital requirement for other financial sectors (Non-insurance capital requirements) — Institutions for occupational retirement provisions

R0520

 

 

 

Capital requirement for other financial sectors (Non-insurance capital requirements) — Capital requirement for non-regulated entities carrying out financial activities

R0530

 

 

 

Capital requirement for non-controlled participation requirements

R0540

 

 

 

Capital requirement for residual undertakings

R0550

 

 

 

Overall SCR

 

 

 

 

SCR for undertakings included via D and A

R0560

 

 

 

Solvency capital requirement

R0570

 

 

 


S.25.02.21

Solvency Capital Requirement — for undertakings using the standard formula and partial internal model

Unique number of component

Components description

Calculation of the Solvency Capital Requirement

Amount modelled

USP

Simplifications

C0010

C0020

C0030

C0070

C0080

C0090

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculation of Solvency Capital Requirement

 

C0100

 

 

 

Total undiversified components

R0110

 

 

 

 

Diversification

R0060

 

 

 

 

Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC

R0160

 

 

 

 

Solvency capital requirement excluding capital add-on

R0200

 

 

 

 

Capital add-ons already set

R0210

 

 

 

 

Solvency capital requirement

R0220

 

 

 

 

Other information on SCR

 

 

 

 

 

Amount/estimate of the overall loss-absorbing capacity of technical provisions

R0300

 

 

 

 

Amount/estimate of the overall loss-absorbing capacity ot deferred taxes

R0310

 

 

 

 

Capital requirement for duration-based equity risk sub-module

R0400

 

 

 

 

Total amount of Notional Solvency Capital Requirements for remaining part

R0410

 

 

 

 

Total amount of Notional Solvency Capital Requirements for ring fenced funds (other than those related to business operated in accordance with Art. 4 of Directive 2003/41/EC (transitional))

R0420

 

 

 

 

Total amount of Notional Solvency Capital Requirement for matching adjustment portfolios

R0430

 

 

 

 

Diversification effects due to RFF nSCR aggregation for article 304

R0440

 

 

 

 


S.25.02.22

Solvency Capital Requirement — for groups using the standard formula and partial internal model

Unique number of component

Components description

Calculation of the Solvency Capital Requirement

Amount modelled

USP

Simplifications

C0010

C0020

C0030

C0070

C0080

C0090

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculation of Solvency Capital Requirement

 

C0100

 

 

 

Total undiversified components

R0110

 

 

 

 

Diversification

R0060

 

 

 

 

Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC

R0160

 

 

 

 

Solvency capital requirement excluding capital add-on

R0200

 

 

 

 

Capital add-ons already set

R0210

 

 

 

 

Solvency capital requirement for undertakings under consolidated method

R0220

 

 

 

 

Other information on SCR

 

 

 

 

 

Amount/estimate of the overall loss-absorbing capacity of technical provisions

R0300

 

 

 

 

Amount/estimate of the overall loss-absorbing capacity ot deferred taxes

R0310

 

 

 

 

Capital requirement for duration-based equity risk sub-module

R0400

 

 

 

 

Total amount of Notional Solvency Capital Requirements for remaining part

R0410

 

 

 

 

Total amount of Notional Solvency Capital Requirements for ring fenced funds (other than those related to business operated in accordance with Art. 4 of Directive 2003/41/EC (transitional))

R0420

 

 

 

 

Total amount of Notional Solvency Capital Requirement for matching adjustment portfolios

R0430

 

 

 

 

Diversification effects due to RFF nSCR aggregation for article 304

R0440

 

 

 

 

Minimum consolidated group solvency capital requirement

R0470

 

 

 

 

Information on other entities

 

 

 

 

 

Capital requirement for other financial sectors (Non-insurance capital requirements)

R0500

 

 

 

 

Capital requirement for other financial sectors (Non-insurance capital requirements) — Credit institutions, investment firms and financial institutions, alternative investment funds managers, UCITS management companies

R0510

 

 

 

 

Capital requirement for other financial sectors (Non-insurance capital requirements) — Institutions for occupational retirement provisions

R0520

 

 

 

 

Capital requirement for other financial sectors (Non-insurance capital requirements) — Capital requirement for non-regulated entities carrying out financial activities

R0530

 

 

 

 

Capital requirement for non-controlled participation requirements

R0540

 

 

 

 

Capital requirement for residual undertakings

R0550

 

 

 

 

 

 

 

 

 

 

 

 

C0100

 

 

 

Overall SCR

 

 

 

 

 

SCR for undertakings included via D and A

R0560

 

 

 

 

Solvency capital requirement

R0570

 

 

 

 


S.25.03.21

Solvency Capital Requirement — for undertakings on Full Internal Models

Unique number of component

Components description

Calculation of the Solvency Capital Requirement

C0010

C0020

C0030

 

 

 

 

 

 

 

 

 

Calculation of Solvency Capital Requirement

 

C0100

Total undiversified components

R0110

 

Diversification

R0060

 

Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC (transitional)

R0160

 

Solvency capital requirement excluding capital add-on

R0200

 

Capital add-ons already set

R0210

 

Solvency capital requirement

R0220

 

Other information on SCR

 

 

Amount/estimate of the overall loss-absorbing capacity of technical provisions

R0300

 

Amount/estimate of the overall loss-absorbing capacity ot deferred taxes

R0310

 

Total amount of Notional Solvency Capital Requirements for remaining part

R0410

 

Total amount of Notional Solvency Capital Requirements for ring fenced funds (other than those related to business operated in accordance with Art. 4 of Directive 2003/41/EC (transitional))

R0420

 

Total amount of Notional Solvency Capital Requirement for matching adjustment portfolios

R0430

 

Diversification effects due to RFF nSCR aggregation for article 304

R0440

 


S.25.03.22

Solvency Capital Requirement — for groups on Full Internal Models

Unique number of component

Components description

Calculation of the Solvency Capital Requirement

C0010

C0020

C0030

 

 

 

 

 

 

 

 

 

Calculation of Solvency Capital Requirement

 

C0100

Total undiversified components

R0110

 

Diversification

R0060

 

Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC

R0160

 

Solvency capital requirement excluding capital add-on

R0200

 

Capital add-ons already set

R0210

 

Solvency capital requirement

R0220

 

Other information on SCR

 

 

Amount/estimate of the overall loss-absorbing capacity of technical provisions

R0300

 

Amount/estimate of the overall loss-absorbing capacity ot deferred taxes

R0310

 

Total amount of Notional Solvency Capital Requirements for remaining part

R0410

 

Total amount of Notional Solvency Capital Requirements for ring fenced funds (other than those related to business operated in accordance with Art. 4 of Directive 2003/41/EC (transitional))

R0420

 

Total amount of Notional Solvency Capital Requirement for matching adjustment portfolios

R0430

 

Diversification effects due to RFF nSCR aggregation for article 304

R0440

 

Minimum consolidated group solvency capital requirement

R0470

 

Information on other entities

 

 

Capital requirement for other financial sectors (Non-insurance capital requirements)

R0500

 

Capital requirement for other financial sectors (Non-insurance capital requirements) — Credit institutions, investment firms and financial institutions, alternative investment funds managers, UCITS management companies

R0510

 

Capital requirement for other financial sectors (Non-insurance capital requirements) — Institutions for occupational retirement provisions

R0520

 

Capital requirement for other financial sectors (Non-insurance capital requirements) — Capital requirement for non-regulated entities carrying out financial activities

R0530

 

Capital requirement for non-controlled participation requirements

R0540

 

Capital requirement for residual undertakings

R0550

 

S.28.01.01

Minimum Capital Requirement — Only life or only non-life insurance or reinsurance activity

Linear formula component for non-life insurance and reinsurance obligations

 

 

C0010

 

 

 

MCRNL Result

R0010

 

 

 

 

 

 

 

 

Net (of reinsurance/SPV) best estimate and TP calculated as a whole

Net (of reinsurance) written premiums in the last 12 months

 

 

 

 

C0020

C0030

Medical expense insurance and proportional reinsurance

R0020

 

 

Income protection insurance and proportional reinsurance

R0030

 

 

Workers' compensation insurance and proportional reinsurance

R0040

 

 

Motor vehicle liability insurance and proportional reinsurance

R0050

 

 

Other motor insurance and proportional reinsurance

R0060

 

 

Marine, aviation and transport insurance and proportional reinsurance

R0070

 

 

Fire and other damage to property insurance and proportional reinsurance

R0080

 

 

General liability insurance and proportional reinsurance

R0090

 

 

Credit and suretyship insurance and proportional reinsurance

R0100

 

 

Legal expenses insurance and proportional reinsurance

R0110

 

 

Assistance and proportional reinsurance

R0120

 

 

Miscellaneous financial loss insurance and proportional reinsurance

R0130

 

 

Non-proportional health reinsurance

R0140

 

 

Non-proportional casualty reinsurance

R0150

 

 

Non-proportional marine, aviation and transport reinsurance

R0160

 

 

Non-proportional property reinsurance

R0170

 

 


Linear formula component for life insurance and reinsurance obligations

 

 

C0040

 

 

 

MCRL Result

R0200

 

 

 

 

 

 

 

 

Net (of reinsurance/SPV) best estimate and TP calculated as a whole

Net (of reinsurance/SPV) total capital at risk

 

 

 

 

C0050

C0060

Obligations with profit participation — guaranteed benefits

R0210

 

 

Obligations with profit participation — future discretionary benefits

R0220

 

 

Index-linked and unit-linked insurance obligations

R0230

 

 

Other life (re)insurance and health (re)insurance obligations

R0240

 

 

Total capital at risk for all life (re)insurance obligations

R0250

 

 


Overall MCR calculation

 

 

C0070

Linear MCR

R0300

 

SCR

R0310

 

MCR cap

R0320

 

MCR floor

R0330

 

Combined MCR

R0340

 

Absolute floor of the MCR

R0350

 

 

 

C0070

Minimum Capital Requirement

R0400

 

S.28.02.01

Minimum Capital Requirement — Both life and non-life insurance activity

 

 

Non-life activities

Life activities

 

Non-life activities

Life activities

 

 

MCR(NL,NL) Result

MCR(NL,L)Result

 

 

 

 

 

 

 

C0010

C0020

 

 

 

 

 

Linear formula component for non-life insurance and reinsurance obligations

R0010

 

 

 

 

 

 

 

 

 

 

 

 

Net (of reinsurance/SPV) best estimate and TP calculated as a whole

Net (of reinsurance) written premiums in the last 12 months

Net (of reinsurance/SPV) best estimate and TP calculated as a whole

Net (of reinsurance) written premiums in the last 12 months

 

 

 

 

 

C0030

C0040

C0050

C0060

Medical expense insurance and proportional reinsurance

R0020

 

 

 

 

Income protection insurance and proportional reinsurance

R0030

 

 

 

 

Workers' compensation insurance and proportional reinsurance

R0040

 

 

 

 

Motor vehicle liability insurance and proportional reinsurance

R0050

 

 

 

 

Other motor insurance and proportional reinsurance

R0060

 

 

 

 

Marine, aviation and transport insurance and proportional reinsurance

R0070

 

 

 

 

Fire and other damage to property insurance and proportional reinsurance

R0080

 

 

 

 

General liability insurance and proportional reinsurance

R0090

 

 

 

 

Credit and suretyship insurance and proportional reinsurance

R0100

 

 

 

 

Legal expenses insurance and proportional reinsurance

R0110

 

 

 

 

Assistance and proportional reinsurance

R0120

 

 

 

 

Miscellaneous financial loss insurance and proportional reinsurance

R0130

 

 

 

 

Non-proportional health reinsurance

R0140

 

 

 

 

Non-proportional casualty reinsurance

R0150

 

 

 

 

Non-proportional marine, aviation and transport reinsurance

R0160

 

 

 

 

Non-proportional property reinsurance

R0170

 

 

 

 


 

 

Non-life activities

Life activities

 

Non-life activities

Life activities

 

 

MCR(L,NL) Result

MCR(L,L) Result

 

 

 

 

 

 

 

C0070

C0080

 

 

 

 

 

Linear formula component for life insurance and reinsurance obligations

R0200

 

 

 

 

 

 

 

 

 

 

 

 

Net (of reinsurance/SPV) best estimate and TP calculated as a whole

Net (of reinsurance/SPV) total capital at risk

Net (of reinsurance/SPV) best estimate and TP calculated as a whole

Net (of reinsurance/SPV) total capital at risk

 

 

 

 

 

C0090

C0100

C0110

C0120

Obligations with profit participation — guaranteed benefits

R0210

 

 

 

 

Obligations with profit participation — future discretionary benefits

R0220

 

 

 

 

Index-linked and unit-linked insurance obligations

R0230

 

 

 

 

Other life (re)insurance and health (re)insurance obligations

R0240

 

 

 

 

Total capital at risk for all life (re)insurance obligations

R0250

 

 

 

 


Overall MCR calculation

 

 

C0130

 

Linear MCR

R0300

 

 

SCR

R0310

 

 

MCR cap

R0320

 

 

MCR floor

R0330

 

 

Combined MCR

R0340

 

 

Absolute floor of the MCR

R0350

 

 

 

 

C0130

 

Minimum Capital Requirement

R0400

 

 

 

 

 

 

Notional non-life and life MCR calculation

Non-life activities

Life activities

 

 

C0140

C0150

Notional linear MCR

R0500

 

 

Notional SCR excluding add-on (annual or latest calculation)

R0510

 

 

Notional MCR cap

R0520

 

 

Notional MCR floor

R0530

 

 

Notional Combined MCR

R0540

 

 

Absolute floor of the notional MCR

R0550

 

 

Notional MCR

R0560

 

 

S.32.01.22

Undertakings in the scope of the group

Country

Identification code of the undertaking

Type of code of the ID of the undertaking

Legal name of the undertaking

Type of undertaking

Legal form

Category (mutual/non mutual)

Supervisory Authority

 

C0010

C0020

C0030

C0040

C0050

C0060

C0070

C0080

(cont)

 

 

 

 

 

 

 

 

 


Criteria of influence

Inclusion in the scope of group supervision

Group solvency calculation

% capital share

% used for the establishment of consolidated accounts

% voting rights

Other criteria

Level of influence

Proportional share used for group solvency calculation

YES/NO

Date of decision if art. 214 is applied

Method used and under method 1, treatment of the undertaking

C0180

C0190

C0200

C0210

C0220

C0230

C0240

C0250

C0260

 

 

 

 

 

 

 

 

 


ANNEX II

Instructions regarding the templates for the solvency and condition report of individual undertakings

This Annex contains additional instructions in relation to the templates included in Annex I of this Regulation. The first column of the tables identifies the items to be disclosed by identifying the columns and rows as showed in the template in Annex I.

Templates which shall be filled in in accordance with the instructions of the different sections of this Annex are referred to as ‘this template’ throughout the text of the Annex.

S.02.01. — Balance sheet

General comments:

This section relates to annual disclosure of information for individual entities.

The ‘Solvency II value’ column (C0010) shall be completed using the valuation principles set out in the Directive2009/138/EC, Delegated Regulation (EU) 2015/35, Solvency 2 Technical Standards and Guidelines.

 

ITEM

INSTRUCTIONS

Assets

C0010/R0030

Intangible assets

Intangible assets other than goodwill. An identifiable non–monetary asset without physical substance.

C0010/R0040

Deferred tax assets

Deferred tax assets are the amounts of income taxes recoverable in future periods in respect of:

(a)

deductible temporary differences;

(b)

the carry forward of unused tax losses; and/or

(c)

the carry forward of unused tax credits.

C0010/R0050

Pension benefit surplus

This is the total of net surplus related to employees' pension scheme.

C0010/R0060

Property, plant & equipment held for own use

Tangible assets which are intended for permanent use and property held by the undertaking for own use. It includes also property for own use under construction.

C0010/R0070

Investments (other than assets held for index–linked and unit–linked contracts)

This is the total amount of investments, excluding assets held for index–linked and unit–linked contracts.

C0010/R0080

Property (other than for own use)

Amount of the property, other than for own use. It includes also property under construction other than for own use.

C0010/R0090

Holdings in related undertakings, including participations

Participations as defined in Article 13(20) and 212 (2) and holdings in related undertakings in Article 212(1)(b) of Directive 2009/138/EC.

When part of the assets regarding participation and related undertakings refer to unit and index linked contracts, these parts shall be disclosed in ‘Assets held for index–linked and unit–linked contracts’ in C0010/R0220.

C0010/R0100

Equities

This is the total amount of equities, listed and unlisted.

C0010/R0110

Equities — listed

Shares representing corporations' capital, e.g. representing ownership in a corporation, negotiated on a regulated market or on a multilateral trading facility, as defined by Directive 2004/39/EC.

It shall exclude holdings in related undertakings, including participations.

C0010/R0120

Equities — unlisted

Shares representing corporations' capital, e.g. representing ownership in a corporation, not negotiated on a regulated market or on a multilateral trading facility, as defined by Directive 2004/39/EC.

It shall exclude holdings in related undertakings, including participations.

C0010/R0130

Bonds

This is the total amount of government bonds, corporate bonds, structured notes and collateralised securities.

C0010/R0140

Government Bonds

Bonds issued by public authorities, whether by central governments, supra–national government institutions, regional governments or local authorities and bonds that are fully, unconditionally and irrevocably guaranteed by the European Central Bank, Member States' central government and central banks denominated and funded in the domestic currency of that central government and the central bank, multilateral development banks referred to in paragraph 2 of Article 117 of Regulation (EU) No 575/2013 or international organisations referred to in Article 118 of Regulation (EU) No 575/2013, where the guarantee meets the requirements set out in Article 215 of Delegated Regulation (EU) 2015/35.

C0010/R0150

Corporate Bonds

Bonds issued by corporations

C0010/R0160

Structured notes

Hybrid securities, combining a fixed income (return in a form of fixed payments) instrument with a series of derivative components. Excluded from this category are fixed income securities that are issued by sovereign governments. Concerns securities that have embedded any categories of derivatives, including Credit Default Swaps (‘CDS’), Constant Maturity Swaps (‘CMS’), Credit Default Options (‘CDOp’). Assets under this category are not subject to unbundling

C0010/R0170

Collateralised securities

Securities whose value and payments are derived from a portfolio of underlying assets. Includes Asset Backed Securities (‘ABS’), Mortgage Backed securities (‘MBS’), Commercial Mortgage Backed securities (‘CMBS’), Collateralised Debt Obligations (‘CDO’), Collateralised Loan Obligations (‘CLO’), Collateralised Mortgage Obligations (‘CMO’)

C0010/R0180

Collective Investments Undertakings

Collective investment undertaking' means an undertaking for collective investment in transferable securities (‘UCITS’) as defined in Article 1(2) of Directive 2009/65/EC of the European Parliament and of the Council2 or an alternative investment fund (‘AIF’) as defined in Article 4(1)(a) of Directive 2011/61/EU of the European Parliament and of the Council.

C0010/R0190

Derivatives

A financial instrument or other contract with all three of the following characteristics:

(a)

Its value changes in response to the change in a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating or credit index, or other variable, provided in the case of a non–financial variable that the variable is not specific to a party to the contract (sometimes called the ‘underlying’).

(b)

It requires no initial net investment or an initial net investment that is smaller than would be required for other types of contracts that would be expected to have a similar response to changes in market factors.

(c)

It is settled at a future date.

Solvency II value, only if positive, of the derivative as of the reporting date is reported here (in case of negative value, see C0010/R0790).

C0010/R0200

Deposits other than cash equivalents

Deposits other than cash equivalents that cannot be used to make payments until before a specific maturity date and that are not exchangeable for currency or transferable deposits without any kind of significant restriction or penalty.

C0010/R0210

Other investments

Other investments not covered already within investments disclosed above.

C0010/R0220

Assets held for index–linked and unit–linked contracts

Assets held for index–linked and unit–linked contracts (classified in line of business 31 as defined in Annex I of Delegated Regulation (EU) 2015/35).

C0010/R0230

Loans and mortgages

This is the total amount of loans and mortgages, i.e. financial assets created when undertakings lend funds, either with or without collateral, including cash pools.

C0010/R0240

Loans on policies

Loans made to policyholders, collateralised on policies (underlying technical provisions).

C0010/R0250

Loans and mortgages to individuals

Financial assets created when creditors lend funds to debtors — individuals, with collateral or not, including cash pools.

C0010/R0260

Other loans and mortgages

Financial assets created when creditors lend funds to debtors — others, not classifiable in item R0240 or R0250, with collateral or not, including cash pools.

C0010/R0270

Reinsurance recoverables from:

This is the total amount of reinsurance recoverables. It corresponds to the amount of reinsurer share of technical provisions (including Finite Re and SPV).

C0010/R0280

Non–life and health similar to non–life

Reinsurance recoverables in respect of technical provisions for non–life and health similar to non–life.

C0010/R0290

Non–life excluding health

Reinsurance recoverables in respect of technical provisions for non–life business, excluding technical provisions for health– similar to non –life

C0010/R0300

Health similar to non–life

Reinsurance recoverables in respect of technical provisions for health similar to non — life.

C0010/R0310

Life and health similar to life, excluding health and index–linked and unit–linked

Reinsurance recoverable in respect of technical provisions for life and health similar to life, excluding health and index–linked and unit–linked

C0010/R0320

Health similar to life

Reinsurance recoverables in respect of technical provisions for health–similar to life.

C0010/R0330

Life excluding health and index–linked and unit–linked

Reinsurance recoverables in respect of technical provisions for life business, excluding technical provisions health–similar to life techniques and technical provisions for index–linked and unit–linked.

C0010/R0340

Life index–linked and unit–linked

Reinsurance recoverables in respect of technical provisions for life index–linked and unit–linked business.

C0010/R0350

Deposits to cedants

Deposits relating to reinsurance accepted.

C0010/R0360

Insurance and intermediaries receivables

Amounts past–due for payment by policyholders, insurers, and other linked to insurance business, that are not included in cash–in flows of technical provisions.

It shall include receivables from reinsurance accepted.

C0010/R0370

Reinsurance receivables

Amounts past due by reinsurers and linked to reinsurance business that is not included in reinsurance recoverables.

It might include: the amounts past due from receivables from reinsurers that relate to settled claims of policyholders or beneficiaries; receivables from reinsurers in relation to other than insurance events or settled insurance claims, for example commissions.

C0010/R0380

Receivables (trade, not insurance)

Includes amounts receivables from employees or various business partners (not insurance–related), including public entities.

C0010/R0390

Own shares (held directly)

This is the total amount of own shares held directly by the undertaking.

C0010/R0400

Amounts due in respect of own fund items or initial fund called up but not yet paid in

Value of the amount due in respect of own fund items or initial fund called up but not yet paid in.

C0010/R0410

Cash and cash equivalents

Notes and coin in circulation that are commonly used to make payments, and deposits exchangeable for currency on demand at par and which are directly usable for making payments by cheque, draft, giro order, direct debit/credit, or other direct payment facility, without penalty or restriction.

Bank accounts shall not be netted off, thus only positive accounts shall be recognised in this item and bank overdrafts shown within liabilities unless where both legal right of offset and demonstrable intention to settle net exist.

C0010/R0420

Any other assets, not elsewhere shown

This is the amount of any other assets not elsewhere already included within balance Sheet items.

C0010/R0500

Total assets

This is the overall total amount of all assets.

Liabilities

C0010/R0510

Technical provisions — non–life

Sum of the technical provisions non–life.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of calculation of the minimum capital requirement (‘MCR’).

C0010/R0520

Technical provisions — non–life (excluding health)

This is the total amount of technical provisions for non — life business (excluding health).

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of calculation of the MCR.

C0010/R0530

Technical provisions — non–life (excluding health) — technical provisions calculated as a whole

This is the total amount of technical provisions calculated as whole (replicable/hedgeable portfolio) for non — life business (excluding health).

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of calculation of the MCR.

C0010/R0540

Technical provisions — non–life (excluding health) — Best estimate

This is the total amount of best estimate of technical provisions for non — life business (excluding health).

Best estimate shall be disclosed gross of reinsurance.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of calculation of the MCR.

C0010/R0550

Technical provisions — non–life (excluding health) — Risk margin

This is the total amount of risk margin of technical provisions for non — life business (excluding health).

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of calculation of the MCR.

C0010/R0560

Technical provisions — health (similar to non–life)

This is the total amount of technical provisions for health (similar to non — life).

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of calculation of the MCR.

C0010/R0570

Technical provisions — health (similar to non — life) — technical provisions calculated as a whole

This is the total amount of technical provisions calculated as a whole (replicable / hedgeable portfolio) for health (similar to non–life).

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0580

Technical provisions — health(similar to non –life) — Best estimate

This is the total amount of best estimate of technical provisions for health business (similar to non — life).

Best estimate shall be disclosed gross of reinsurance.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0590

Technical provisions — health (similar to non — life) — Risk margin

This is the total amount of risk margin of technical provisions for health business (similar to non — life).

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0600

Technical provisions — life (excluding index–linked and unit–linked)

Sum of the technical provisions life (excluding index–linked and unit–linked).

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0610

Technical provisions — health (similar to life)

This is the total amount of technical provisions for health (similar to life) business.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0620

Technical provisions — health (similar to life) — technical provisions calculated as a whole

This is the total amount of technical provisions calculated as a whole (replicable / hedgeable portfolio) for health (similar to life) business.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0630

Technical provisions — health (similar to life) — Best estimate

This is the total amount of best estimate of technical provisions for health (similar to life) business.

Best estimate shall be disclosed gross of reinsurance.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0640

Technical provisions — health (similar to life) — Risk margin

This is the total amount of risk margin of technical provisions for health (similar to life) business.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0650

Technical provisions — life (excl. health and index–linked and unit–linked)

This is the total amount of technical provisions for life (excluding health and index — linked and unit — linked) business.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0660

Technical provisions — life (excl. health and index–linked and unit–linked) — technical provisions calculated as a whole

This is the total amount of technical provisions calculated as a whole (replicable / hedgeable portfolio) for life (excluding health and index — linked and unit — linked) business.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0670

Technical provisions — life (excl. health and index–linked and unit–linked) — Best estimate

This is the total amount of best estimate of technical provisions for life (excluding health and index — linked and unit — linked) business.

Best estimate shall be disclosed gross of reinsurance.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0680

Technical provisions — life (excl. health and index–linked and unit–linked) — Risk margin

This is the total amount of risk margin of technical provisions for life (excluding health and index — linked and unit — linked) business.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0690

Technical provisions — index–linked and unit–linked

This is the total amount of technical provisions for index — linked and unit — linked business.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0700

Technical provisions — index–linked and unit–linked — technical provisions calculated as a whole

This is the total amount of technical provisions calculated as a whole (replicable / hedgeable portfolio) for index — linked and unit — linked business.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0710

Technical provisions — index–linked and unit–linked — Best estimate

This is the total amount of best estimate of technical provisions for index — linked and unit — linked business.

Best estimate shall be disclosed gross of reinsurance

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0720

Technical provisions — index–linked and unit–linked — Risk margin

This is the total amount of risk margin of technical provisions for index — linked and unit — linked business.

This amount should include the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.

C0010/R0740

Contingent liabilities

A contingent liability is defined as:

(a)

a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non–occurrence of one or more uncertain future events not wholly within the control of the entity; or

(b)

a present obligation that arises from past events even if:

(i)

it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or

(ii)

the amount of the obligation cannot be measured with sufficient reliability.

The amount of contingent liabilities recognised in the balance sheet should follow the criteria set in article 11 of the Delegated Regulation (EU) 2015/35.

C0010/R0750

Provisions other than technical provisions

Liabilities of uncertain timing or amount, excluding the ones disclosed under ‘Pension benefit obligation’.

The provisions are recognised as liabilities (assuming that a reliable estimate can be made) when they represent obligations and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligations.

C0010/R0760

Pension benefit obligations

This is the total net obligations related to employees' pension scheme.

C0010/R0770

Deposits from reinsurers

Amounts (e.g. cash) received from reinsurer or deducted by the reinsurer according to the reinsurance contract.

C0010/R0780

Deferred tax liabilities

Deferred tax liabilities are the amounts of income taxes payable in future periods in respect of taxable temporary differences.

C0010/R0790

Derivatives

A financial instrument or other contract with all three of the following characteristics:

(a)

Its value changes in response to the change in a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating or credit index, or other variable, provided in the case of a non–financial variable that the variable is not specific to a party to the contract (sometimes called the ‘underlying’).

(b)

It requires no initial net investment or an initial net investment that is smaller than would be required for other types of contracts that would be expected to have a similar response to changes in market factors.

(c)

It is settled at a future date.

Only derivative liabilities shall be disclosed on this row (i.e. derivatives with negative values as of the reporting date.) Derivatives assets shall be disclosed under C0010/R0190.

Undertakings which do not value derivatives in their Local GAAP do not need to provide a financial statements value.

C0010/R0800

Debts owed to credit institutions

Debts, such as mortgage and loans, owed to credit institutions, excluding bonds held by credit institutions (it is not possible for the undertaking to identify all the holders of the bonds that it issues) and subordinated liabilities. It This shall also include bank overdrafts.

C0010/R0810

Financial liabilities other than debts owed to credit institutions

Financial liabilities including bonds issued by undertaking (held by credit institutions or not), structured notes issued by the undertaking itself and mortgage and loans due to other entities than credit institutions.

Subordinated liabilities shall not be included here.

C0010/R0820

Insurance and intermediaries payables

Amounts past due to policyholders, insurers and other business linked to insurance, but that are not technical provisions.

Includes amounts past due to (re)insurance intermediaries (e.g. commissions due to intermediaries but not yet paid by the undertaking).

Excludes loans & mortgages due to other insurance companies, if they only relate to financing and are not linked to insurance business (such loans and mortgages shall be disclosed as financial liabilities).

It shall include payables from reinsurance accepted.

C0010/R0830

Reinsurance payables

Amounts payable, past due to reinsurers (in particular current accounts) other than deposits linked to reinsurance business, that are not included in reinsurance recoverables.

Includes payables to reinsurers that relate to ceded premiums.

C0010/R0840

Payables (trade, not insurance)

This is the total amount trade payables, including amounts due to employees, suppliers, etc. and not insurance–related, parallel to receivables (trade, not insurance) on asset side; includes public entities.

C0010/R0850

Subordinated liabilities

Subordinated liabilities are debts which rank after other specified debts when undertaking is liquidated. This is the total of subordinated liabilities classified as Basic Own Funds and those that are not included in Basic Own Funds.

C0010/R0860

Subordinated liabilities not in Basic Own Funds

Subordinated liabilities are debts which rank after other specified debts when undertaking is liquidated. Other debts may be even more deeply subordinated. Only subordinated liabilities that are not classified in Basic Own Funds should be presented here.

C0010/R0870

Subordinated liabilities in Basic Own Funds

Subordinated liabilities classified in Basic Own Funds.

C0010/R0880

Any other liabilities, not elsewhere shown

This is the total of any other liabilities, not elsewhere already included in other Balance Sheet items.

C0010/R0900

Total liabilities

This is the overall total amount of all liabilities.

C0010/R1000

Excess of assets over liabilities

This is the total of undertaking's excess of assets over liabilities, valued in accordance with Solvency II valuation basis. Value of the assets minus liabilities.

S.05.01. — Premiums, claims and expenses by line of business

General comments:

This section relates to annual disclosure of information for individual entities.

This template shall be disclosed from an accounting perspective, i.e.: Local GAAP or IFRS if accepted as local GAAP but using SII lines of business. Undertakings shall use the recognition and valuation basis as for the published financial statements, no new recognition or re–valuation is required.

 

ITEM

INSTRUCTIONS

Non–life insurance and reinsurance obligations

C0010 to C0120/R0110

Premiums written — Gross — Direct Business

Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, arising from direct business, regardless of the fact that such amounts may relate in whole or in part to a later financial year.

C0010 to C0120/R0120

Premiums written — Gross — Proportional reinsurance accepted

Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, arising from proportional reinsurance accepted business, regardless of the fact that such amounts may relate in whole or in part to a later financial year.

C0130 to C0160/R0130

Premiums written — Gross — Non proportional reinsurance accepted

Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, arising from non–proportional reinsurance accepted business, regardless of the fact that such amounts may relate in whole or in part to a later financial year.

C0010 to C0160/R0140

Premiums written — Reinsurers' share

Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts ceded to reinsurers during the financial year in respect of insurance contracts regardless of the fact that such amounts may relate in whole or in part to a later financial year.

C0010 to C0160/R0200

Premiums written — net

Definition of premiums written provided in application of directive 91/674/EEC where applicable: the net premiums written represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

C0010 to C0120/R0210

Premiums earned — Gross — Direct business

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of gross premiums written minus the change in the gross provision for unearned premiums related to direct insurance business.

C0010 to C0120/R0220

Premiums earned — Gross — Proportional reinsurance accepted

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of gross premiums written minus the change in the gross provision for unearned premiums related to proportional reinsurance accepted business.

C0130 to C0160/R0230

Premiums earned — Gross — Non proportional reinsurance accepted

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of gross premiums written minus the change in the gross provision for unearned premiums related to non–proportional reinsurance accepted business.

C0010 to C0160/R0240

Premiums earned — reinsurers' share

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of reinsurer's share in gross premiums written minus the change in the reinsurer's share in provision for unearned premiums.

C0010 to C0160/R0300

Premiums earned — Net

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of gross premiums written minus the change in the gross provision for unearned premiums related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

C0010 to C0120/R0310

Claims incurred Gross — Direct business

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts arising from direct business.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0010 to C0120/R0320

Claims incurred Gross — Proportional reinsurance accepted

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts arising from the gross proportional reinsurance accepted.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0130 to C0160/R0330

Claims incurred — Gross — Non proportional reinsurance accepted

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts arising from the gross non proportional reinsurance accepted.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0010 to C0160/R0340

Claims incurred — Reinsurers' share

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: it is the reinsurer's share in the sum of the claims paid and the change in the provision for claims during the financial year.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0010 to C0160/R0400

Claims incurred — Net

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0010 to C0120/R0410

Changes in other technical provisions — Gross — Direct business

Changes in other technical provisions as defined in directive 91/674/EEC where applicable: it is the changes in other technical provisions for the gross direct business.

C0010 to C0120/R0420

Changes in other technical provisions — Gross — Proportional reinsurance accepted

Changes in other technical provisions as defined in directive 91/674/EEC where applicable: it is the changes in other technical provisions for the gross proportional reinsurance accepted.

C0130 to C0160/R0430

Changes in other technical provisions — Gross — Non– proportional reinsurance accepted

Changes in other technical provisions as defined in directive 91/674/EEC where applicable: it is the changes in other technical provisions for the gross non– proportional reinsurance accepted.

C0010 to C0160/R0440

Changes in other technical provisions — Reinsurers' share

Changes in other technical provisions as defined in directive 91/674/EEC where applicable: it is the changes in other technical provisions related to the amounts ceded to reinsurers.

C0010 to C0160/R0500

Changes in other technical provisions — Net

Changes in other technical provisions as defined in directive 91/674/EEC where applicable: the net amount of changes in other technical provisions represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

C0010 to C0160/R0550

Expenses incurred

All technical expenses incurred by the undertaking during the reporting period, on accrual basis.

C0200/R0110–R0550

Total

Total for different items for all Lines of Business.

C0200/R1200

Other expenses

Other technical expenses not covered by above mentioned expenses and not split by lines of business.

Should not include non–technical expenses such as tax, interest expenses, losses on disposals, etc.

C0200/R1300

Total expenses

Amount of all technical expenses

Life insurance and reinsurance obligations

C0210 to C0280/R1410

Premiums written — Gross

Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, arising from gross business, regardless of the fact that such amounts may relate in whole or in part to a later financial year.

It includes both direct and reinsurance business.

C0210 to C0280/R1420

Premiums written — Reinsurers' share

Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts ceded to reinsurers due during the financial year in respect of insurance contracts regardless of the fact that such amounts may relate in whole or in part to a later financial year.

C0210 to C0280/R1500

Premiums written — net

Definition of premiums written provided in application of directive 91/674/EEC where applicable: the net premiums written represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

C0210 to C0280/R1510

Premiums earned — Gross

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of gross premiums written minus the change in the gross provision for unearned premiums related to direct insurance and reinsurance accepted business.

C0210 to C0280/R1520

Premiums earned — reinsurers' share

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the reinsurer's share in gross premiums written minus the change in the reinsurer's share in provision for unearned premiums.

C0210 to C0280/R1600

Premiums earned — Net

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of gross premiums written minus the change in the gross provision for unearned premiums related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

C0210 to C0280/R1610

Claims incurred — Gross

Claims incurred in the reporting period as defined in directive 91/674/EEC: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year, related to insurance contracts arising from the direct and reinsurance business.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0210 to C0280/R1620

Claims incurred — Reinsurers' share

Claims incurred in the reporting period as defined in directive 91/674/EEC: it is the reinsurer's share in the sum of the claims paid and the change in the provision for claims during the financial year.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0210 to C0280/R1700

Claims incurred — Net

Claims incurred in the reporting period as defined in directive 91/674/EEC: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year, related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0210 to C0280/R1710

Changes in other technical provisions — Gross — Direct business and reinsurance accepted

Definition of changes in other technical provisions provided in directive 91/674/EEC where applicable: it is the changes in other technical provisions relating to insurance contracts arising from the gross direct and reinsurance business.

C0210 to C0280/R1720

Change in other technical provisions — Reinsurers' share

Definition of changes in other technical provisions provided in directive 91/674/EEC where applicable: it is the reinsurers' share in changes in other technical provisions.

C0210 to C0280/R1800

Change in other technical provisions — Net

Definition of changes in other technical provisions provided in directive 91/674/EEC where applicable: the net changes in other technical provisions related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

C0210 to C0280/R1900

Expenses incurred

All technical expenses incurred by the undertaking during the reporting period, on accrual basis.

C0300/R1410–R1900

Total

Total for different items for all life lines of business.

C0300/R2500

Other expenses

Other technical expenses not covered by above mentioned expenses and not split by lines of business.

Should not include non–technical expenses such as tax, interest expenses, losses on disposals, etc.

C0300/R2600

Total expenses

Amount of all technical expenses.

C0210 to C0280/R2700

Total amount of surrenders

This amount represents the total amount of surrenders occurred during the year.

This amount is also disclosed under claims incurred (item R1610).

S.05.02 — Premiums, claims and expenses by country

General comments:

This section relates to annual disclosure of information for individual entities.

This template shall be disclosed from an accounting perspective, i.e.: local Generally accepted accounting principles (‘GAAP’) or International Financial Reporting Standards (‘IFRS’) if accepted as local GAAP.

The template is based on a year–to–date basis. Undertakings shall use the recognition and valuation basis as for the published financial statements, no new recognition or re–valuation is required.

The following criteria for the classification by country shall be used:

The information, provided by country, shall be completed for the five countries with the biggest amount of gross written premiums in addition to the home country or until reaching 90 % of the total gross written premiums

For the direct insurance business for the lines of business ‘Medical expense’, ‘Income protection’, ‘Workers' compensation’, ‘Fire and other damage to property’ and ‘Credit and suretyship’ information shall be disclosed by country where the risk is situated as defined in Article 13 (13) of Directive 2009/138/EC;

For direct insurance business for all other lines of business, information shall be disclosed by country where the contract was entered into;

For proportional and non–proportional reinsurance information shall be disclosed by country of localisation of the ceding undertaking.

For the purposes of this template ‘country where the contract was entered into’ means:

(a)

The country where the insurance undertaking is established (home country) when the contract was not sold through a branch or freedom to provide services;

(b)

The country where the branch is located (host country) when the contract was sold through a branch;

(c)

The country where the freedom to provide services was notified (host country) when the contract was sold through freedom to provide services.

(d)

If an intermediary is used or in any other situation, it is a), b) or c) depending on who sold the contract.

 

ITEM

INSTRUCTIONS

Non–life insurance and reinsurance obligations

C0020 to C0060/R0010

Top 5 countries (by amount of gross premiums written) — non–life obligations

Identify the ISO 3166–1 alpha–2 code of the countries being disclosed for the non–life obligations.

C0080 to C0140/R0110

Premiums written — Gross — Direct Business

Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, arising from direct business, regardless of the fact that such amounts may relate in whole or in part to a later financial year.

C0080 to C0140/R0120

Premiums written — Gross — Proportional reinsurance accepted

Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, arising from proportional reinsurance accepted business, regardless of the fact that such amounts may relate in whole or in part to a later financial year.

C0080 to C0140/R0130

Premiums written — Gross — Non proportional reinsurance accepted

Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, arising from non–proportional reinsurance accepted business, regardless of the fact that such amounts may relate in whole or in part to a later financial year.

C0080 to C0140/R0140

Premiums written — Reinsurers' share

Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts ceded to reinsurers during the financial year in respect of insurance contracts regardless of the fact that such amounts may relate in whole or in part to a later financial year.

C0080 to C0140/R0200

Premiums written — net

Definition of premiums written provided in application of directive 91/674/EEC where applicable: the net premiums written represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

C0080 to C0140/R0210

Premiums earned — Gross — Direct business

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of gross premiums written minus the change in the gross provision for unearned premiums related to insurance direct business.

C0080 to C0140/R0220

Premiums earned — Gross — Proportional reinsurance accepted

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of gross premiums written minus the change in the gross provision for unearned premiums related to proportional reinsurance accepted business.

C0080 to C0140/R0230

Premiums earned — Gross — Non proportional reinsurance accepted

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of gross premiums written minus the change in the gross provision for unearned premiums related to non–proportional reinsurance accepted business.

C0080 to C0140/R0240

Premiums earned — reinsurers' share

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of reinsurer's share in gross premiums written minus the change in the reinsurer's share in provision for unearned premiums.

C0080 to C0140/R0300

Premiums earned — Net

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of gross premiums written minus the change in the gross provision for unearned premiums related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

C0080 to C0140/R0310

Claims incurred Gross — Direct business

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts arising from direct business.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0080 to C0140/R0320

Claims incurred Gross — Proportional reinsurance accepted

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts arising from proportional reinsurance accepted.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0080 to C0140/R0330

Claims incurred — Gross — Non proportional reinsurance accepted

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts arising from non–proportional reinsurance accepted.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0080 to C0140/R0340

Claims incurred — Reinsurers' share

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: it is the reinsurer's share in sum of the claims paid and the change in the provision for claims during the financial year.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0080 to C0140/R0400

Claims incurred — Net

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

This shall exclude claims management expenses and the movement in provisions in claims management expenses.

C0080 to C0140/R0410

Changes in other technical provisions — Gross — Direct business

Changes in other technical provisions as defined in directive 91/674/EEC where applicable: it is the changes in other technical provisions for the gross direct business.

C0080 to C0140/R0420

Changes in other technical provisions — Gross — Proportional reinsurance accepted

Changes in other technical provisions as defined in directive 91/674/EEC where applicable: it is the changes in other technical provisions for the gross proportional reinsurance accepted.

C0080 to C0140/R0430

Changes in other technical provisions — Gross — Non– proportional reinsurance accepted

Changes in other technical provisions as defined in directive 91/674/EEC where applicable: it is the changes in other technical provisions for the gross non– proportional reinsurance accepted.

C0080 to C0140/R0440

Changes in other technical provisions — Reinsurers' share

Changes in other technical provisions as defined in directive 91/674/EEC where applicable: it is the changes in other technical provisions related to the amounts ceded to reinsurers.

C0080 to C0140/R0500

Changes in other technical provisions — Net

Changes in other technical provisions as defined in directive 91/674/EEC where applicable: the net amount of changes in other technical provisions represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

C0080 to C0140/R0550

Expenses incurred

All technical expenses incurred by the undertaking during the reporting period, on accrual basis.

C0140/R1200

Other expenses

Other technical expenses not covered by above mentioned expenses and not split by lines of business.

Should not include non–technical expenses such as tax, interest expenses, losses on disposals, etc.

C0140/R1300

Total expenses

Amount of all technical expenses corresponding to countries covered by this template.

Life insurance and reinsurance obligations

C0160 to C0200/R1400

Top 5 countries (by amount of gross premiums written) — life obligations

Identify the ISO 3166–1 alpha–2 code of the countries being disclosed for the life obligations.

C0220 to C0280/R1410

Premiums written — Gross

Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, arising from gross business, regardless of the fact that such amounts may relate in whole or in part to a later financial year.

C0220 to C0280/R1420

Premiums written — Reinsurers' share

Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts ceded to reinsurers due during the financial year in respect of insurance contracts regardless of the fact that such amounts may relate in whole or in part to a later financial year.

C0220 to C0280/R1500

Premiums written — net

Definition of premiums written provided in application of directive 91/674/EEC where applicable: the net premiums written represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

C0220 to C0280/R1510

Premiums earned — Gross

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of gross premiums written minus the change in the gross provision for unearned premiums related to direct and reinsurance accepted gross business.

C0220 to C0280/R1520

Premiums earned — reinsurers' share

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the reinsurer's share in gross premiums written minus the change in the reinsurer's share in provision for unearned premiums.

C0220 to C0280/R1600

Premiums earned — Net

Definition of earned premiums provided in directive 91/674/EEC where applicable: it is the sum of gross premiums written minus the change in the gross provision for unearned premiums related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

C0220 to C0280/R1610

Claims incurred — Gross

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts arising from the gross direct and reinsurance business.

It excludes claims management expenses and the movement in provisions in claims management expenses.

C0220 to C0280/R1620

Claims incurred — Reinsurers' share

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: it is the reinsurers' share in the sum of the claims paid and the change in the provision for claims during the financial year.

It excludes claims management expenses and the movement in provisions in claims management expenses.

C0220 to C0280/R1700

Claims incurred — Net

Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

It excludes claims management expenses and the movement in provisions in claims management expenses.

C0220 to C0280/R1710

Changes in other technical provisions — Gross

Definition of changes in other technical provisions provided in directive 91/674/EEC where applicable: it is the changes in other technical provisions relating to insurance contracts arising from the gross direct and reinsurance business.

C0220 to C0280/R1720

Change in other technical provisions — Reinsurers' share

Definition of changes in other technical provisions provided in directive 91/674/EEC where applicable: it is the reinsurers' share in changes in other technical provisions.

C0220 to C0280/R1800

Change in other technical provisions — Net

Definition of changes in other technical provisions provided in directive 91/674/EEC where applicable: it is the changes in other technical provisions related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings.

C0220 to C0280/R1900

Expenses incurred

All technical expenses incurred by the undertaking during the reporting period, on accrual basis.

C0280/R2500

Other expenses

Other technical expenses not covered by above mentioned expenses and not split by lines of business.

Should not include non–technical expenses such as tax, interest expenses, losses on disposals, etc.

C0280/R2600

Total expenses

Amount of all technical expenses corresponding to countries covered by this template.

S.12.01 — Life and Health SLT Technical Provisions

General comments:

This section relates to annual disclosure of information for individual entities.

Undertakings may apply appropriate approximations in the calculation of the technical provisions as referred to in Article 21 of Delegated Regulation (EU) 2015/35. In addition, Article 59 of the Delegated Regulation (EU) 2015/35 may be applied to calculate the risk margin during the financial year.

Line of Business for life obligations: The lines of business, referred to in Article 80 of the Directive 2009/138/EC, as defined in the Annex I of Delegated Regulation (EU) 2015/35. The segmentation shall reflect the nature of the risks underlying the contract (substance), rather than the legal form of the contract (form). By default, where an insurance or reinsurance contract covers risks across the lines of business undertakings shall, where possible, unbundled the obligations into the appropriate lines of business (Article 55 of Delegated Regulation (EU) 2015/35).

Lines of business ‘Index–linked and unit–linked insurance’, ‘Other life insurance’ and ‘Health insurance’ are split between ‘Contracts without options and guarantees’ and ‘Contracts with options or guarantees’. For this split the following should be considered:

‘Contracts without options and guarantees’ should include the amounts related to contracts without any financial guarantees or contractual options, meaning that the technical provision calculation does not reflect the amount of any financial guarantees or contractual options.

Contracts with non–material contractual options or financial guarantees that are not reflected in the technical provisions calculation should also be disclosed in this column;

‘Contracts with options or guarantees’ should include contracts that have either financial guarantees, contractual options, or both as far as the technical provision calculation reflect the existence of those financial guarantees or contractual options.

The information disclosed should be gross of reinsurance as information on Recoverables from reinsurance/SPV and Finite reinsurance is requested in specific rows.

The information to be disclosed between R0010 and R0100 shall be after the volatility adjustment, the matching adjustment and the transitional adjustment to the relevant risk-free interest rate term structure if applied but shall not include the transitional deduction to technical provisions. The amount of transitional deduction to technical provisions is requested separately between rows R0110 and R0130.

 

ITEM

INSTRUCTIONS

Technical provisions calculated as a whole

C0020, C0030, C0060, C0090, C0100, C0160, C0190, C0200/R0010

Technical provisions calculated as a whole

Amount of Technical provisions calculated as a whole per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

C0150/R0010

Technical provisions calculated as a whole — Total (Life other than health insurance, incl. Unit–Linked)

Total amount of technical provisions calculated as a whole for Life other than health insurance, including Unit–Linked.

C0210/R0010

Technical provisions calculated as a whole — Total (Health similar to life insurance)

Total amount of technical provisions calculated as a whole for health SLT.

C0020, C0030, C0060, C0090, C0100 to C0140, C0160, C0190, C0200/R0020

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default associated to TP as a whole

Amount of recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default of technical provisions calculated as a whole per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

C0150/R0020

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default associated to TP as a whole — Total (Life other than health insurance, incl. Unit–Linked)

Total amount of recoverables from reinsurance/SPV and finite reinsurance (‘Finite Re’) after the adjustment for expected losses due to counterparty default of technical provisions calculated as a whole for Life other than health insurance, including Unit–Linked.

C0210/R0020

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default associated to TP as a whole — Total (Health similar to life insurance)

Total amount of recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default of technical provisions calculated as a whole for Health similar to life insurance.

Technical provisions calculated as a sum of best estimate and risk margin

C0020, C0040, C0050, C0070, C0080, C0090, C0100 to C0140, C0170, C0180, C0190, C0200/R0030

Technical provisions calculated as a sum of BE and RM, Gross Best Estimate

Amount of Gross Best estimate (no deduction of reinsurance, SPVs and Finite Re according to Article 77(2) of Directive 2009/138/EC) per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

C0150/R0030

Technical provisions calculated as a sum of BE and RM, Gross Best Estimate — Total (Life other than health insurance, incl. Unit–Linked)

Total amount of Gross Best estimate (no deduction of reinsurance, SPVs and Finite Re according to Article 77(2) of Directive 2009/138/EC), for Life other than health insurance, including Unit–Linked.

C0210/R0030

Technical provisions calculated as a sum of BE and RM, Gross Best Estimate — Total (Health similar to life insurance)

Total amount of Gross Best estimate (no deduction of reinsurance, SPVs and Finite Re according to Article 77(2) of Directive 2009/138/EC), for Health similar to life insurance.

C0020, C0040, C0050, C0070, C0080, C0090, C0100 to C0140, C0170, C0180, C0190, C0200/R0040

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default

Amount of Recoverables after adjustment for expected losses due to possibility of default of the reinsurer, as defined in Article 81 of Directive 2009/138/EC, including ceded intra group reinsurance, per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

C0150/R0080

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default — Total (Life other than health insurance, incl. Unit–Linked)

Total amount of Recoverables after adjustment for expected losses due to possibility of default of the reinsurer, as defined in article 81 of Directive 2009/138/EC, including ceded intra group reinsurance, for Life other than health insurance, including Unit–Linked.

C0210/R0080

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default — Total (Health similar to life insurance)

Total amount of Recoverables after adjustment for expected losses due to possibility of default of the reinsurer, as defined in article 81 of Directive 2009/138/EC, including ceded intra group reinsurance, for Health similar to life insurance.

C0020, C0040, C0050, C0070, C0080, C0090, C0100, C0170, C0180, C0190, C0200/R0090

Best Estimate minus recoverables from reinsurance/SPV and Finite Re

Amount of Best Estimate minus recoverables from reinsurance/SPV per Line of Busines

C0150/R0090

Best Estimate minus recoverables from reinsurance/SPV and Finite Re — Total (Life other than health insurance, incl. Unit–Linked)

Total amount of Best Estimate minus recoverables from reinsurance/SPV and Finite Re, for Life other than health insurance, including Unit–Linked.

C0210/R0090

Best estimate minus recoverables from reinsurance/SPV and Finite Re — Total (Health similar to life insurance)

Total amount of Best estimate minus recoverables from reinsurance/SPV and Finite Re for Health similar to life insurance.

C0020, C0030, C0060, C0090, C0100 to C0140, C0160, C0190, C0200/R0100

Risk Margin

Amount of Risk margin, as defined in Article 77(3) of Directive 2009/138/EC, per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

C0150/R0100

Risk Margin — Total (Life other than health insurance, incl. Unit–Linked)

Total amount of Risk Margin for Life other than health insurance, includingUnit–Linked.

C0210/R0100

Risk Margin — Total (Health similar to life insurance)

Total amount of Risk Margin for Health similar to life insurance.

Amount of the transitional on Technical Provisions

C0020, C0030, C0060, C0090, C0100, C0160, C0190, C0200/R0110

Technical Provisions calculated as a whole

Amount of the transitional deduction to technical provisions allocated to the technical provisions calculated as a whole, per each Line of Business.

This value shall be disclosed as a negative value.

C0150/R0110

Technical Provisions calculated as a whole — Total (Life other than health insurance, including Unit–Linked)

Amount of the transitional deduction to technical provisions allocated to the technical provisions calculated as a whole for Life other than health insurance, including Unit–Linked.

This value shall be disclosed as a negative value.

C0210/R0110

Technical Provisions calculated as a whole — Total (Health similar to life insurance)

Amount of the transitional deduction to technical provisions allocated to the technical provisions calculated as a whole for Health similar to life insurance.

This value shall be disclosed as a negative value.

C0020, C0040, C0050, C0070, C0080, C0090, C0100, C0170, C0180, C0190, C0200/R0120

Best Estimate

Amount of the transitional deduction to technical provisions allocated to the best estimate, per each Line of Business.

This value shall be disclosed as a negative value.

C0150/R0120

Best Estimate — Total (Life other than health insurance, including Unit–Linked)

Total amount of the transitional deduction to technical provisions allocated to the best estimate for Life other than health insurance, including Unit–Linked.

This value shall be disclosed as a negative value.

C0210/R0120

Best Estimate — Total (Health similar to life insurance)

Total amount of the transitional deduction to technical provisions allocated to the best estimate for Health similar to life insurance.

This value shall be disclosed as a negative value.

C0020, C0030, C0060, C0090, C0100, C0160, C0190, C0200/R0130

Risk Margin

Amount of the transitional deduction to technical provisions allocated to the risk margin, per each Line of Business.

This value shall be disclosed as a negative value.

C0150/R0130

Risk Margin — Total (Life other than health insurance, incl. Unit–Linked)

Total amount of the transitional deduction to technical provisions allocated to the risk margin for Life other than health insurance, including Unit–Linked.

This value shall be disclosed as a negative value.

C0210/R0130

Risk Margin — Total (Health similar to life insurance)

Total amount of the transitional deduction to technical provisions allocated to the risk margin for Health similar to life insurance.

This value shall be disclosed as a negative value.

Technical provisions — Total

C0020, C0030, C0060, C0090, C0100, C0160, C0190, C0200/R0200

Technical Provisions — Total

Total amount of Technical Provisions for each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, including technical provisions calculated as a whole and after the transitional deduction to technical provisions.

C0150/R0200

Technical Provisions — Total — Total (Life other than health insurance, including Unit–Linked)

Total amount of Technical Provisions for Life other than health insurance, including Unit–Linked, including technical provisions calculated as a whole and after the transitional deduction to technical provisions.

C0210/R0200

Technical Provisions — Total — Total (Health similar to life insurance)

Total amount of Technical Provisions for Health similar to life insurance, including technical provisions calculated as a whole and after the transitional deduction to technical provisions.

S.17.01 — Non–life Technical Provisions

General comments:

This section relates to annual disclosure of information for individual entities.

Undertakings may apply appropriate approximations in the calculation of the technical provisions as referred to in Article 21 of Delegated Regulation (EU) 2015/35. In addition, Article 59 of the Delegated Regulation 2015/35 may be applied to calculate the risk margin during the financial year.

Line of Business for non–life obligations: The lines of business, referred to in Article 80 of the Directive 2009/138/EC, as defined in the Annex I of Delegated Regulation (EU) 2015/35 referred to direct business/accepted proportional reinsurance and accepted non–proportional reinsurance. The segmentation shall reflect the nature of the risks underlying the contract (substance), rather than the legal form of the contract (form).

Health direct insurance business other than that pursued on a similar basis to that of life insurance shall be segmented into Non–Life lines of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, 1 to 3.

Accepted proportional reinsurance shall be considered together with the direct business in the C0020 to C0130.

The information to be disclosed between R0010 and R0280 shall be after volatility adjustment, matching adjustment and transitional adjustment to the relevant risk-free interest rate term structure if applied but shall not include the transitional deduction to technical provisions. The amount of transitional deduction to technical provisions is requested separately between rows R0290 and R0310.

 

ITEM

INSTRUCTIONS

Technical provisions calculated as a whole

C0020 to C0170/R0010

Technical provisions calculated as a whole

The amount of technical provisions calculated as a whole per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, regarding direct and accepted business.

This amount shall be gross of any recoverable from reinsurance contract/SPV and Finite Re related to this business.

C0180/R0010

Technical provisions calculated as a whole — Total Non–Life obligation

The total amount of technical provisions calculated as a whole regarding direct and accepted business.

This amount shall be gross of any recoverable from reinsurance contract/SPV and Finite Re related to this business.

C0020 to C0170/R0050

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default associated to TP as a whole

The amount of recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default of technical provisions calculated as a whole per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

C0180/R0050

Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default associated to TP as a whole

The total amount, for all lines of business, of recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default of technical provisions calculated as a whole per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

Technical provisions calculated as a sum of a best estimate and a risk margin — Best estimate

C0020 to C0170/R0060

Best Estimate of Premium provisions, Gross, total

The amount of best estimate for premium provisions, gross of the amounts recoverable from reinsurance contracts, special purpose vehicles and finite reinsurance, for each line of business regarding direct and accepted business.

C0180/R0060

Total Non–Life obligations, Best Estimate of Premium provisions, Gross, total

The total amount of best estimate for premium provisions, gross of the amounts recoverable from reinsurance contracts, special purpose vehicles and finite reinsurance regarding direct and accepted business.

C0020 to C0170/R0140

Best Estimate of Premium provisions, Total recoverable from reinsurance/SPV and Finite reinsurance after the adjustment for expected losses due to counterparty default — Direct and accepted reinsurance business

The amount of recoverable from reinsurance/SPV and Finite reinsurance after the adjustment for expected losses due to counterparty default, for each line of business regarding direct business and accepted reinsurance business.

C0180/R0140

Total Non–Life obligations, Best Estimate of Premium provisions, Recoverable from reinsurance/SPV and Finite reinsurance after the adjustment for expected losses due to counterparty default.

The total amount of Recoverable from reinsurance/SPV and Finite reinsurance after the adjustment for expected losses due to counterparty default, referred to the best estimate for premium provisions.

C0020 to C0170/R0150

Net best estimate of Premium provisions — Direct and accepted reinsurance business

The amount of net best estimate for premium provisions, for each line of business.

C0180/R0150

Total Non–Life obligations, Net best estimate of Premium provisions

The total amount of net best estimate for premium provisions.

C0020 to C0170/R0160

Best Estimate of Claims Provisions, Gross, Total

The amount of best estimate for Claims Provisions, gross of the amounts recoverable from reinsurance contracts, special purpose vehicles and finite reinsurance, for each line of business regarding direct and accepted business.

C0180/R0160

Total Non–Life obligations, Best Estimate of Claims Provisions, Gross, total

The total amount of best estimate for Claims Provisions, gross of the amounts recoverable from reinsurance contracts, special purpose vehicles and finite reinsurance.

C0020 to C0170/R0240

Best Estimate of Claims provisions, Total recoverable from reinsurance/SPV and Finite re after the adjustment for expected losses due to counterparty default — Direct and accepted reinsurance business

The amount recoverable from reinsurance/SPV and Finite re after the adjustment for expected losses due to counterparty default, for each line of business regarding direct and accepted reinsurance business

C0180/R0240

Total Non–Life obligations, Best Estimate of Claims Provisions, Recoverable from reinsurance/SPV and Finite re after the adjustment for expected losses due to counterparty default.

The total amount of Recoverable from reinsurance/SPV and Finite re after the adjustment for expected losses due to counterparty default, referred to the Best Estimate for Claims Provisions.

C0020 to C0170/R0250

Net best estimate of Claims provisions — Direct and accepted reinsurance business

The amount of net best estimate for claims provisions, for each line of business regarding direct and accepted reinsurance business.

C0180/R0250

Total Non–Life obligations, Net best estimate of Claims Provisions

The total amount of net Best Estimate for Claims Provisions.

C0020 to C0170/R0260

Total best estimate, Gross — Direct and accepted reinsurance business

The amount of Total gross best estimate, for each line of business regarding direct and accepted reinsurance business.

C0180/R0260

Total Non–Life obligations, Total Best Estimate, Gross

The total amount of Gross Best Estimate (sum of the Premium Provision and Claims Provisions).

C0020 to C0170/R0270

Total best estimate, Net — Direct and accepted reinsurance business

The amount of Total net best estimate, for each line of business regarding direct and accepted reinsurance business.

C0180/R0270

Total Non–Life obligations, Total Best Estimate, Net

The total amount of Net Best Estimate (sum of the Premium Provision and Claims Provisions).

C0020 to C0170/R0280

Technical provisions calculated as a sum of a best estimate and a risk margin — Risk margin

The amount of risk margin, as required by Directive 2009/138/EC (Article 77 (3)). The risk margin is calculated to whole portfolio of (re)insurance obligations and then allocated to each single line of business, regarding direct business and accepted reinsurance business.

C0180/R0280

Total Non–Life obligations, Total risk margin

The total amount of risk margin, as required by Directive 2009/138/EC (Article 77 (3)).

Amount of the transitional on Technical Provisions

C0020 to C0170/R0290

Amount of the transitional on Technical Provisions —

Technical Provisions calculated as a whole

Amount of the transitional deduction to technical provisions allocated to the technical provisions calculated as a whole, per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

This value shall be disclosed as a negative value.

C0180/R0290

Amount of the transitional on Technical Provisions —

Technical Provisions calculated as a whole

Total amount, for all lines of business, of the transitional deduction to technical provisions allocated to the technical provisions calculated as a whole, per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

This value shall be disclosed as a negative value.

C0020 to C0170/R0300

Amount of the transitional on Technical Provisions —

Best Estimate

Amount of the transitional deduction to technical provisions allocated to the best estimate, per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

This value shall be disclosed as a negative value.

C0180/R0300

Amount of the transitional on Technical Provisions —

Best Estimate

Total amount, for all lines of business, of the transitional deduction to technical provisions allocated to the best estimate, per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

This value shall be disclosed as a negative value.

C0020 to C0170/R0310

Amount of the transitional on Technical Provisions —

Risk Margin

Amount of the transitional deduction to technical provisions allocated to the risk margin, per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

This value shall be disclosed as a negative value.

C0180/R0310

Amount of the transitional on Technical Provisions —

Risk Margin

Total amount, for all lines of business, of the transitional deduction to technical provisions allocated to the risk margin, per each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35.

This value shall be disclosed as a negative value.

Technical provisions — Total

C0020 to C0170/R0320

Technical provisions, Total — Direct and accepted reinsurance business

The total amount of gross technical provisions, for each line of business regarding direct and accepted reinsurance business, including technical provisions calculated as a whole and after the transitional deduction to technical provisions.

C0180/R0320

Total Non–Life obligations, Technical Provision — total

The total amount of gross technical provisions regarding direct and accepted reinsurance business, including technical provisions calculated as a whole and after the transitional deduction to technical provisions.

C0020 to C0170/R0330

Technical provisions, Total — Recoverable from reinsurance contract/SPV and Finite reinsurance, after the adjustment for expected losses due to counterparty default — Direct and accepted reinsurance business

The total amount of recoverable from reinsurance contract/SPV and Finite reinsurance, after the adjustment for expected losses due to counterparty default, for each line of business regarding direct and accepted reinsurance business.

C0180/R0330

Total Non–Life obligations, Recoverable from reinsurance contract/SPV and Finite re, after the adjustment for expected losses due to counterparty default — Direct and accepted reinsurance business

The total amount of recoverable from reinsurance contract/SPV and Finite reinsurance, after the adjustment for expected losses due to counterparty default regarding direct and accepted reinsurance business.

C0020 to C0170/R0340

Technical provisions, Total — Technical provisions minus recoverables from reinsurance/SPV and Finite reinsurance — Direct and accepted reinsurance business

The total amount of net technical provisions, for each line of business regarding direct and accepted reinsurance business, including technical provisions calculated as a whole and after the transitional deduction to technical provisions.

C0180/R0340

Total Non–Life obligations, Technical provisions minus recoverables from reinsurance and SPV — Direct and accepted reinsurance business

The total amount of net technical provisions regarding direct and accepted reinsurance business, including technical provisions calculated as a whole and after the transitional deduction to technical provisions.

S.19.01. — Non–life insurance claims

This section relates to annual disclosure of information for individual entities.

Claims development triangles show the insurer's estimate of the cost of claims (claims paid and claims provisions under Solvency II valuation principle) and how this estimate develops over time.

Undertakings are required to disclose data on an accident year or underwriting year basis, in accordance with any requirements of the National Supervisory Authority. If the National Supervisory Authority has not stipulated which to use then the undertaking may use accident or underwriting year according to how they manage each line of business, provided that they use the same year consistently, year on year.

This template shall be disclosed for the total for non–life business but split by underwriting year and accident year if different bases are used by the undertaking.

The default length of run–off triangle is 10+1 years but the disclosure requirement is based on the undertakings' claims development (if length of the claims settlement cycle is shorter than 10 years, undertakings are required to disclose according to the internal shorter development).

Historical data, starting from the first time application of Solvency II, are required for claims paid (i.e. the complete set shall be disclosed,) but not for Best Estimate of Claims Provision. For the compilation of the historical data for claims paid the same approach concerning the length of triangle for the on–going disclosure will be applied (i.e. the shorter between 10+1 years and the undertakings' claims settlement cycle).

 

ITEM

INSTRUCTIONS

Z0020

Accident year or Underwriting year

Disclose the standard used by the undertakings for disclosing of claims development. One of the options from the following closed list shall be used:

 

1 — Accident year

 

2 — Underwriting year

C0010 to C0110/ R0100 to R0250

Gross Claims Paid (non–cumulative) –Triangle

The Gross Claims Paid, net of salvage and subrogation, excluding expenses, in a triangle showing the developments of the gross claims payment already made: for each of the accident/underwriting years from N–9 (and prior) and all previous reporting periods to — including — N (last reporting year) report the payments already made corresponding at each development year (which is the delay between the accident/underwriting date and the payment date).

The data are in absolute amount, non–cumulative and undiscounted.

C0170/ R0100 to R0260

Gross Claims Paid (non–cumulative) — In current year

Total ‘Current year’ reflects the last diagonal (all data referred to last reporting year from R0160 to R0250.

R0260 is the total of R0160 to R0250

C0180/ R0100 to R0260

Gross Claims Paid — Sum of years (cumulative)

Total ‘Sum of years’ contains the sum of all data in rows (sum of all payments referred to the accident/underwriting year), including total.

C0200 to C0300/ R0100 to R0250

Gross undiscounted Best Estimate Claims Provisions — Triangle

Triangles of undiscounted best estimate of claims provisions, gross of reinsurance for each of the accident/underwriting years from N–9 (and prior) and all previous reporting periods to — including — N (last reporting year). The best estimate for claims provision relates to claims events occurred before or at the valuation date, whether the claims arising from these events have been reported or not.

The data are in absolute amount, non–cumulative and undiscounted.

C0360/ R0100 to R0260

Gross Best Estimate Claims Provisions — Year end (discounted data)

Total ‘Year end’ reflects the last diagonal but on a discounted basis(all data referred to last reporting year) from R0160 to R0250.

R0260 is the total of R0160 to R0250

S.22.01 — Impact of long term guarantees measures and transitionals

General comments:

This template relates to annual disclosure of information for individual entities.

This template is relevant when at least one long term guarantee measure or transitional is used by the undertaking.

This template shall reflect the impact on the financial positions when no transitional is used and each LTG measures or transitional is set to zero. For that purpose, a step–by–step approach should be followed taking out each transitional and LTG measure one by one and without recalculating the impact of the remaining measures after each step.

The impacts need to be disclosed positive if they increase the amount of the item being disclosed and negative if they decrease the amount of the item (e.g. if amount of SCR increases or if amount of Own Funds increases then positive values should be disclosed).

 

ITEM

INSTRUCTIONS

C0010/R0010

Amount with LTG measures and transitionals — Technical Provisions

Total amount of technical provisions including long term guarantee measures and transitional measures

C0030/R0010

Impact of transitional on technical provisions — Technical provisions

Amount of the adjustment to the technical provisions due to the application of the transitional deduction to technical provisions.

It shall be the difference between the technical provisions without transitional deduction to technical provisions and the technical provisions with LTG and transitional measures.

C0050/R0010

Impact of transitional on interest rate — Technical provisions

Amount of the adjustment to the technical provisions due to the application of the transitional adjustment to the relevant risk-free interest rate term structure.

It shall be the difference between the technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and the technical provisions with LTG and transitional measures.

C0070/R0010

Impact of volatility adjustment set to zero — Technical provisions

Amount of the adjustment to the technical provisions due to the application of the volatility adjustment. It shall reflect the impact of setting the volatility adjustment to zero.

It shall be the difference between the technical provisions without volatility adjustment and without other transitional measures and the maximum between the technical provisions with LTG and transitional measures, technical provisions without transitional deduction to technical provisions and technical provisions without transitional adjustment to the relevant risk-free interest rate term structure.

C0090/R0010

Impact of matching adjustment set to zero — Technical Provisions

Amount of the adjustment to the technical provisions due to the application of the matching adjustment. It shall include the impact of setting the volatility adjustment and the matching adjustment to zero.

It shall be the difference between the technical provisions without matching adjustment and without all the other transitional measures and the maximum between the technical provisions with LTG and transitional measures, technical provisions without transitional deduction to technical provisions, technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and technical provisions without volatility adjustment and without other transitional measures

C0010/R0020

Amount with LTG measures and transitionals — Basic own funds

Total amount of basic own funds calculated considering technical provisions including the adjustments due to the long term guarantee measures and transitional measures

C0030/R0020

Impact of transitional on technical provisions — Basic own funds

Amount of the adjustment to the Basic own funds due to the application of the transitional deduction to technical provisions.

It shall be the difference between the basic own funds calculated considering technical provisions without transitional deduction to technical provisions and considering technical provisions with long term guarantee (‘LTG’) and transitional measures.

C0050/R0020

Impact of transitional on interest rate — Basic own funds

Amount of the adjustment to the basic own funds due to the application of the transitional adjustment to the relevant risk-free interest rate term structure.

It shall be the difference between the basic own funds calculated considering technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and considering technical provisions with LTG and transitional measures.

C0070/R0020

Impact of volatility adjustment set to zero — Basic own funds

Amount of the adjustment to the Basic own funds due to the application of the volatility adjustment. It shall reflect the impact of setting the volatility adjustment to zero.

It shall be the difference between the basic own funds considering technical provisions without volatility adjustment and without other transitional measures and the maximum between the basic own funds considering technical provisions with LTG and transitional measures, technical provisions without transitional deduction to technical provisions and technical provisions without transitional adjustment to the relevant risk-free interest rate term structure.

C0090/R0020

Impact of matching adjustment set to zero — Basic own funds

Amount of the adjustment to the basic own funds due to the application of the matching adjustment. It shall include the impact of setting the volatility adjustment and the matching adjustment to zero.

It shall be the difference between the basic own funds considering technical provisions without matching adjustment and without all the other transitional measures and the maximum between the basic own funds considering technical provisions with LTG and transitional measures, technical provisions without transitional deduction to technical provisions, technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and technical provisions without volatility adjustment and without other transitional measures.

C0010/R0050

Amount with LTG measures and transitionals — Eligible own funds to meet SCR

Total amount of eligible own funds to meet SCR calculated considering technical provisions including the adjustments due to the long term guarantee measures and transitional measures.

C0030/R0050

Impact of transitional on technical provisions — Eligible own funds to meet SCR

Amount of the adjustment to the eligible own funds to meet SCR due to the application of the transitional deduction to technical provisions.

It shall be the difference between the eligible own funds to meet SCR calculated considering technical provisions without transitional deduction to technical provisions and considering technical provisions with LTG and transitional measures.

C0050/R0050

Impact of transitional on interest rate — Eligible own funds to meet SCR

Amount of the adjustment to the eligible own funds to meet SCR due to the application of the transitional adjustment to the relevant risk-free interest rate term structure.

It shall be the difference between the eligible own funds to meet SCR calculated considering technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and considering technical provisions with LTG and transitional measures.

C0070/R0050

Impact of volatility adjustment set to zero — Eligible own funds to meet SCR

Amount of the adjustment to the eligible own funds to meet SCR due to the application of the volatility adjustment. It shall reflect the impact of setting the volatility adjustment to zero.

It shall be the difference between the eligible own funds to meet SCR considering technical provisions without volatility adjustment and without other transitional measures and the maximum between the eligible own funds to meet SCR considering technical provisions with LTG and transitional measures, technical provisions without transitional deduction to technical provisions and technical provisions without transitional adjustment to the relevant risk-free interest rate term structure.

C0090/R0050

Impact of matching adjustment set to zero — Eligible own funds to meet SCR

Amount of the adjustment to the eligible own funds to meet SCR due to the application of the matching adjustment. It shall include the impact of setting the volatility adjustment and the matching adjustment to zero.

It shall be the difference between the eligible own funds to meet SCR calculated considering technical provisions without matching adjustment and without all the other transitional measures and the maximum between the eligible own funds to meet SCR considering technical provisions with LTG and transitional measures, technical provisions without transitional deduction to technical provisions, technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and technical provisions without volatility adjustment and without other transitional measures.

C0010/R0090

Amount with LTG measures and transitionals — SCR

Total amount of SCR calculated considering technical provisions including the adjustments due to the long term guarantee measures and transitional measures

C0030/R0090

Impact of transitional on technical provisions — SCR

Amount of the adjustment to the SCR due to the application of the transitional deduction to technical provisions.

It shall be the difference between the SCR calculated considering technical provisions without transitional deduction to technical provisions and considering technical provisions with LTG and transitional measures.

C0050/R0090

Impact of transitional on interest rate — SCR

Amount of the adjustment to the SCR due to the application of the transitional adjustment to the relevant risk-free interest rate term structure.

It shall be the difference between the SCR calculated considering technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and considering technical provisions with LTG and transitional measures.

C0070/R0090

Impact of volatility adjustment set to zero — SCR

Amount of the adjustment to the SCR due to the application of the volatility adjustment. It shall reflect the impact of setting the volatility adjustment to zero.

It shall be the difference between the SCR considering technical provisions without volatility adjustment and without other transitional measures and the maximum between the SCR considering technical provisions with LTG and transitional measures, technical provisions without transitional deduction to technical provisions and technical provisions without transitional adjustment to the relevant risk-free interest rate term structure.

C0090/R0090

Impact of matching adjustment set to zero — SCR

Amount of the adjustment to the SCR due to the application of the matching adjustment. It shall include the impact of setting the volatility adjustment and the matching adjustment to zero.

It shall be the difference between the SCR calculated considering technical provisions without matching adjustment and without all the other transitional measures and the maximum between the SCR considering technical provisions with LTG and transitional measures, technical provisions without transitional deduction to technical provisions, technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and technical provisions without volatility adjustment and without other transitional measures.

C0010/R0100

Amount with LTG measures and transitionals — Eligible own funds to meet MCR

Total amount of eligible own funds to meet MCR calculated considering technical provisions including the adjustments due to the long term guarantee measures and transitional measures.

C0030/R0100

Impact of transitional on technical provisions — Eligible own funds to meet MCR

Amount of the adjustment to the eligible own funds to meet MCR due to the application of the transitional deduction to technical provisions.

It shall be the difference between the eligible own funds to meet MCR calculated considering technical provisions without transitional deduction to technical provisions and considering technical provisions with LTG and transitional measures.

C0050/R0100

Impact of transitional on interest rate — Eligible own funds to meet MCR

Amount of the adjustment to the Eligible own funds to meet MCR due to the application of the transitional adjustment to the relevant risk-free interest rate term structure.

It shall be the difference between the eligible own funds to meet MCR calculated considering technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and considering technical provisions with LTG and transitional measures.

C0070/R0100

Impact of volatility adjustment set to zero — Eligible own funds to meet MCR

Amount of the adjustment to the Eligible own funds to meet MCR due to the application of the volatility adjustment. It shall reflect the impact of setting the volatility adjustment to zero

It shall be the difference between the eligible own funds to meet MCR considering technical provisions without volatility adjustment and without other transitional measures and the maximum between the eligible own funds to meet MCR considering technical provisions with LTG and transitional measures, technical provisions without transitional deduction to technical provisions and technical provisions without transitional adjustment to the relevant risk-free interest rate term structure.

C0090/R0100

Impact of matching adjustment set to zero — Eligible own funds to meet MCR

Amount of the adjustment to the Eligible own funds to meet MCR due to the application of the matching adjustment. It shall include the impact of setting the volatility adjustment and the matching adjustment to zero.

It shall be the difference between the eligible own funds to meet MCR calculated considering technical provisions without matching adjustment and without all the other transitional measures and the maximum between the eligible own funds to meet MCR considering technical provisions with LTG and transitional measures, technical provisions without transitional deduction to technical provisions, technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and technical provisions without volatility adjustment and without other transitional measures.

C0010/R0110

Amount with LTG measures and transitionals — Minimum Capital Requirement

Total amount of MCR calculated considering technical provisions including the adjustments due to the long term guarantee measures and transitional measures.

C0030/R0110

Impact of transitional on technical provisions — Minimum Capital Requirement

Amount of the adjustment to the MCR due to the application of the transitional deduction to technical provisions.

It shall be the difference between the MCR calculated considering technical provisions without transitional deduction to technical provisions and considering technical provisions with LTG and transitional measures.

C0050/R0110

Impact of transitional on interest rate — Minimum Capital Requirement

Amount of the adjustment to the MCR due to the application of the transitional adjustment to the relevant risk-free interest rate term structure.

It shall be the difference between the MCR calculated considering technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and considering technical provisions with LTG and transitional measures.

C0070/R0110

Impact of volatility adjustment set to zero — Minimum Capital Requirement

Amount of the adjustment to the MCR due to the application of the volatility adjustment. It shall reflect the impact of setting the volatility adjustment to zero.

It shall be the difference between the MCR considering technical provisions without volatility adjustment and without other transitional measures and the maximum between the MCR considering technical provisions with LTG and transitional measures, technical provisions without transitional deduction to technical provisions and technical provisions without transitional adjustment to the relevant risk-free interest rate term structure.

C0090/R0110

Impact of matching adjustment set to zero — Minimum Capital Requirement

Amount of the adjustment to the MCR due to the application of the matching adjustment. It shall include the impact of setting the volatility adjustment and the matching adjustment to zero.

It shall be the difference between the MCR calculated considering technical provisions without matching adjustment and without all the other transitional measures and the maximum between the MCR considering technical provisions with LTG and transitional measures, technical provisions without transitional deduction to technical provisions, technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and technical provisions without volatility adjustment and without other transitional measures.

S.23.01. Own Funds

General comments:

This section relates to annual disclosure of information for individual entities.

 

ITEM

INSTRUCTIONS

Basic own funds before deduction for participations in other financial sector as foreseen in Article 68 of Delegated Regulation (EU) 2015/35

R0010/C0010

Ordinary share capital (gross of own shares) — total

This is the total ordinary share capital, both held directly and indirectly (before deduction of own shares). This is the total ordinary share capital of the undertaking that fully satisfies the criteria for Tier 1 or Tier 2 items. Any ordinary share capital that does not fully satisfy the criteria shall be treated as preference shares capital and classified accordingly notwithstanding their description or designation.

R0010/C0020

Ordinary share capital (gross of own shares) — tier 1 unrestricted

This is the amount of paid up ordinary share capital that meets unrestricted Tier 1 criteria.

R0010/C0040

Ordinary share capital (gross of own shares) — tier 2

This is the amount of called up ordinary share capital that meets the criteria for Tier 2.

R0030/C0010

Share premium account related to ordinary share capital — total

The total share premium account related to ordinary share capital of the undertaking that fully satisfies the criteria for Tier 1 or Tier 2 items.

R0030/C0020

Share premium account related to ordinary share capital — tier 1 unrestricted

This is the amount of the share premium account related to ordinary shares that meets the criteria for Tier 1 unrestricted because it relates to ordinary share capital treated as unrestricted Tier 1.

R0030/C0040

Share premium account related to ordinary share capital — tier 2

This is the amount of the share premium account related to ordinary shares that meets the criteria for Tier 2 because it relates to ordinary share capital treated as Tier 2.

R0040/C0010

Initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual–type undertakings — total

The initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual–type undertakings that fully satisfies the criteria for Tier 1 or Tier 2 items.

R0040/C0020

Initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual–type undertakings — tier 1 unrestricted

This is the amount of the initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual–type undertakings that meets the criteria for Tier 1 unrestricted.

R0040/C0040

Initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual–type undertakings — tier 2

This is the amount of the initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual–type undertakings that meetsTier 2 criteria.

R0050/C0010

Subordinated mutual member accounts — total

This is the total amount of subordinated mutual member accounts that fully satisfy the criteria for Tier 1 restricted, Tier 2 or Tier 3 items.

R0050/C0030

Subordinated mutual member accounts — tier 1 restricted

This is the amount of subordinated mutual member accounts that meet the criteria for Tier 1 restricted.

R0050/C0040

Subordinated mutual member accounts — tier 2

This is the amount of subordinated mutual member accounts that meet the criteria for Tier 2.

R0050/C0050

Subordinated mutual member accounts — tier 3

This is the amount of subordinated mutual member accounts that meet the criteria for Tier 3.

R0070/C0010

Surplus funds — total

This is the total amount of surplus funds that fall under Article 91 (2) of the Directive 2009/138/EC.

R0070/C0020

Surplus funds — tier 1 unrestricted

These are the surplus funds that fall under Article 91 (2) of the Directive 2009/138/EC and that meet the criteria for Tier 1, unrestricted items.

R0090/C0010

Preference shares — total

This is the total amount of preference shares issued by the undertaking that fully satisfy the criteria for Tier 1 restricted, Tier 2 or Tier 3 items.

R0090/C0030

Preference shares — tier 1 restricted

This is the amount of the preference shares issued by the undertaking that meet the criteria for Tier 1 restricted.

R0090/C0040

Preference shares — tier 2

This is the amount of the preference shares issued by the undertaking that meet the criteria for Tier 2.

R0090/C0050

Preference shares — tier 3

This is the amount of the preference shares issued by the undertaking that meet the criteria for Tier 3.

R0110/C0010

Share premium account related to preference shares — total

The total share premium account related to preference shares capital of the undertaking that fully satisfies the criteria for Tier 1 restricted, Tier 2 or Tier 3 items.

R0110/C0030

Share premium account related to preference shares — tier 1 restricted

This is the amount of the share premium account that relates to preference shares that meets the criteria for Tier 1 restricted items because it relates to preference shares treated as Tier 1 restricted items.

R0110/C0040

Share premium account related to preference shares — tier 2

This is the amount of the share premium account that relates to preference shares that meets the criteria for Tier 2 because it relates to preference shares treated as Tier 2.

R0110/C0050

Share premium account related to preference shares — tier 3

This is the amount of the share premium account that relates to preference shares that meets the criteria for Tier 3 because it relates to preference shares treated as Tier 3.

R0130/C0010

Reconciliation reserve — total

The total reconciliation reserve represents reserves (e.g. retained earnings), net of adjustments (e.g. ring–fenced funds). It results mainly from differences between accounting valuation and valuation according to Article 75 of Directive 2009/138/EC.

R0130/C0020

Reconciliation reserve — tier 1 unrestricted

The reconciliation reserve represents reserves (e.g. retained earnings), net of adjustments (e.g. ring–fenced funds). It results mainly from differences between accounting valuation and valuation according to Directive 2009/138/EC.

R0140/C0010

Subordinated liabilities — total

This is the total amount of subordinated liabilities issued by the undertaking.

R0140/C0030

Subordinated liabilities — tier 1 restricted

This is the amount of subordinated liabilities issued by the undertaking that meet the criteria for Tier 1 restricted items.

R0140/C0040

Subordinated liabilities — tier 2

This is the amount of subordinated liabilities issued by the undertaking that meet the criteria for Tier 2.

R0140/C0050

Subordinated liabilities — tier 3

This is the amount of subordinated liabilities issued by the undertaking that meet the criteria for Tier 3.

R0160/C0010

An amount equal to the value of net deferred tax assets — total

This is the total amount of net deferred tax assets of the undertaking.

R0160/C0050

An amount equal to the value of net deferred tax assets — tier 3

This is the amount of net deferred tax assets of the undertaking that meet the tier 3 classification criteria.

R0180/C0010

Other own fund items approved by the supervisory authority as basic own funds not specified above

This is the total of basic own fund items not identified above and that received supervisory approval.

R0180/C0020

Other own fund items approved by the supervisory authority as basic own funds not specified above — tier 1 unrestricted

This is the amount of basic own fund items not identified above that meet Tier 1 unrestricted criteria and that received supervisory approval.

R0180/C0030

Other own fund items approved by the supervisory authority as basic own funds not specified above — Tier 1 restricted

This is the amount of basic own fund items not identified above which meet the criteria for Tier 1, restricted items and that received supervisory approval.

R0180/C0040

Other own fund items approved by the supervisory authority as basic own funds not specified above — tier 2

This is the amount of basic own fund items not identified above that meet the criteria for Tier 2 and that received supervisory approval.

R0180/C0050

Other own fund items approved by the supervisory authority as basic own funds not specified above — tier 3

This is the amount of basic own fund items not identified above that meet the criteria for Tier 3 and that received supervisory approval.

Own funds from the financial statements that should not be represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds

R0220/C0010

Own funds from the financial statements that shall not be represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds — total

This is the total amount of own funds items from financial statements that are not represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds.

These own fund items are either:

i)

items that appear in the lists of own fund items, but fail to meet the classification criteria or the transitional provisions; or

ii)

items intended to perform the role of own funds that are not on the list of own fund items and have not been approved by the supervisory authority, and do not appear on the balance sheet as liabilities.

Subordinated liabilities which do not count as basic own funds shall not be disclosed here, but on the balance sheet (template S.02.01) as subordinated liabilities that do not count as basic own funds.

Deductions

R0230/C0010

Deduction for participations in financial and credit institutions — total

This is the total deduction for participations in financial and credit institutions in accordance with Article 68 of Delegated Regulation (EU) 2015/35

R0230/C0020

Deduction for participations in financial and credit institutions — tier 1 unrestricted

This is the amount of the deduction for participations in financial and credit institutions that are deducted from tier 1unrestricted in accordance with Article 68 of Delegated Regulation (EU) 2015/35.

R0230/C0030

Deduction for participations in financial and credit institutions — tier 1 restricted

This is the amount of the deduction for participations in financial and credit institutions that are deducted from tier 1 restricted in accordance with Article 68 of Delegated Regulation (EU) 2015/35.

R0230/C0040

Deduction for participations in financial and credit institutions — tier 2

This is the amount of the deduction for participations in financial and credit institutions that are deducted from tier 2 in accordance with Article 68 of Delegated Regulation (EU) 2015/35.

Total basic own funds after deductions

R0290/C0010

Total basic own funds after deductions

This is the total amount of basic own fund items after deductions.

R0290/C0020

Total basic own funds after deductions — tier 1 unrestricted

This is the amount of basic own fund items after deductions that meet the criteria for Tier 1 unrestricted items.

R0290/C0030

Total basic own funds after deductions — tier 1 restricted

This is the amount of basic own fund items after adjustments that meet the criteria for Tier 1 restricted items.

R0290/C0040

Total basic own funds after deductions — tier 2

This is the amount of basic own fund items after adjustments that meet the criteria for Tier 2.

R0290/C0050

Total basic own funds after deductions — tier 3

This is the amount of basic own fund items after adjustments that meet the criteria for Tier 3.

Ancillary own funds

R0300/C0010

Unpaid and uncalled ordinary share capital callable on demand — total

This is the total amount of issued ordinary share capital that has not been called up or paid up but that is callable on demand.

R0300/C0040

Unpaid and uncalled ordinary share capital callable on demand — tier 2

This is the amount of issued ordinary share capital that has not been called up or paid up but that is callable on demand that meets the criteria for Tier 2.

R0310/C0010

Unpaid and uncalled initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual — type undertakings, callable on demand–total

This is the total amount of initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual–type undertakings that has not been called up or paid up but that is callable on demand.

R0310/C0040

Unpaid and uncalled initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual–type undertakings, callable on demand — tier 2

This is the amount of initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual–type undertakings that has not been called up or paid up but that is callable on demand that meets the criteria for Tier 2.

R0320/C0010

Unpaid and uncalled preference shares callable on demand — total

This is the total amount of preference shares that have not been called up or paid up but that are callable on demand.

R0320/C0040

Unpaid and uncalled preference shares callable on demand — tier 2

This is the amount of preference shares that have not been called up or paid up but that are callable on demand that meet the criteria for Tier 2.

R0320/C0050

Unpaid and uncalled preference shares callable on demand — tier 3

This is the amount of preference shares that have not been called up or paid up but that are callable on demand that meet the criteria for Tier 3

R0330/C0010

A legally binding commitment to subscribe and pay for subordinated liabilities on demand — total

This is the total amount of legally binding commitments to subscribe and pay for subordinated liabilities on demand.

R0330/C0040

A legally binding commitment to subscribe and pay for subordinated liabilities on demand — tier 2

This is the amount of legally binding commitments to subscribe and pay for subordinated liabilities on demand that meet the criteria for Tier 2.

R0330/C0050

A legally binding commitment to subscribe and pay for subordinated liabilities on demand — tier 3

This is the amount of legally binding commitments to subscribe and pay for subordinated liabilities on demand that meet the criteria for Tier 3.

R0340/C0010

Letters of credit and guarantees under Article 96(2) of the Directive 2009/138/EC– total

This is the total amount of letters of credit and guarantees that are held in trust for the benefit of insurance creditors by an independent trustee and provided by credit institutions authorised in accordance with Directive 2006/48/EC.

R0340/C0040

Letters of credit and guarantees under Article 96(2) of the Directive 2009/138/EC– tier 2

This is the amount of letters of credit and guarantees that are held in trust for the benefit of insurance creditors by an independent trustee and provided by credit institutions authorised in accordance with Directive 2006/48/EC that meet the criteria for Tier 2.

R0350/C0010

Letters of credit and guarantees other than under Article 96(2) of the Directive 2009/138/EC– total

This is the total amount of letters of credit and guarantees that satisfy criteria for Tier 2 or Tier 3, other than those that are held in trust for the benefit of insurance creditors by an independent trustee and provided by credit institutions authorised in accordance with Directive 2006/48/EC.

R0350/C0040

Letters of credit and guarantees other than under Article 96(2) of the Directive 2009/138/EC — tier 2

This is the amount of letters of credit and guarantees that meet the criteria for Tier 2, other than those which are held in trust for the benefit of insurance creditors by an independent trustee and provided by credit institutions authorised in accordance with Directive 2006/48/EC.

R0350/C0050

Letters of credit and guarantees other than under Article 96(2) of the Directive 2009/138/EC– tier 3

This is the amount of letters of credit and guarantees that meet the criteria for Tier 3, other than those which are held in trust for the benefit of insurance creditors by an independent trustee and provided by credit institutions authorised in accordance with Directive 2006/48/EC .

R0360/C0010

Supplementary members calls under first subparagraph of Article 96(3) of the Directive 2009/138/EC– total

This is the total amount of any future claims which mutual or mutual–type associations of ship owners with variable contributions solely insuring risks listed in classes 6, 12 and 17 in Part A of Annex I may have against their members by way of a call for supplementary contributions, within the following 12 months.

R0360/C0040

Supplementary members calls under first subparagraph of Article 96(3) of the Directive 2009/138/EC — tier 2

This is the amount of any future claims which mutual or mutual–type associations of ship owners with variable contributions solely insuring risks listed in classes 6, 12 and 17 in Part A of Annex I may have against their members by way of a call for supplementary contributions, within the following 12 months.

R0370/C0010

Supplementary members calls — other than under first subparagraph of Article 96(3) of the Directive 2009/138/EC

This is the total amount of any future claims which mutual or mutual–type associations with variable contributions may have against their members by way of a call for supplementary contributions, within the following 12 months, other than those described in the first subparagraph of article 96(3) of the Directive 2009/138/EC.

R0370/C0040

Supplementary members calls — other than under first subparagraph of Article 96(3) of the Directive 2009/138/EC — tier 2

This is the amount of any future claims which mutual or mutual–type associations of with variable contributions may have against their members by way of a call for supplementary contributions within the following 12 months, other than those described in the first subparagraph of article 96(3) of the Directive 2009/138/EC that meet the criteria for Tier 2.

R0370/C0050

Supplementary members calls — other than under first subparagraph of Article 96(3) of the Directive 2009/138/EC — tier 3

This is the amount of any future claims which mutual or mutual–type associations with variable contributions may have against their members by way of a call for supplementary contributions within the following 12 months, other than those described in the first subparagraph of article 96(3) of the Framework Directive 2009/138/EC that meet the criteria for Tier 3.

R0390/C0010

Other ancillary own funds — total

This is the total amount of other ancillary own funds.

R0390/C0040

Other ancillary own funds — tier 2

This is the amount of other ancillary own funds that meet criteria for Tier 2.

R0390/C0050

Other ancillary own funds — tier 3

This is the amount of other ancillary own funds that meet criteria for Tier 3.

R0400/C0010

Total ancillary own funds

This is the total amount of ancillary own fund items.

R0400/C0040

Total ancillary own funds tier 2

This is the amount of ancillary own fund items that meet the criteria for Tier 2.

R0400/C0050

Total ancillary own funds — tier 3

This is the amount of ancillary own fund items that meet the criteria for Tier 3.

Available and eligible own funds

R0500/C0010

Total available own funds to meet the SCR

This is the sum of all basic own fund items and ancillary own fund items that meet the tier 1, tier 2 and tier 3 criteria and that are therefore available to meet the SCR.

R0500/C0020

Total available own funds to meet the SCR — tier 1 unrestricted

This the sum of all basic own fund items that meet the criteria to be included in Tier 1 unrestricted items and that are therefore available to meet the SCR.

R0500/C0030

Total available own funds to meet the SCR — tier 1 restricted

This the sum of all basic own fund items that meet the criteria to be included in Tier 1 restricted items and that are therefore available to meet the SCR.

R0500/C0040

Total available own funds to meet the SCR — tier 2

This is the sum of all basic own fund items, after adjustments, and ancillary own fund items that meet the criteria to be included in Tier 2 and that are therefore available to meet the SCR.

R0500/C0050

Total available own funds to meet the SCR — tier 3

This is the sum of all basic own fund items, after adjustments, and ancillary own fund items that meet the criteria to be included in Tier 3 and that are therefore available to meet the SCR.

R0510/C0010

Total available own funds to meet the MCR

This is the sum of all basic own fund items, after adjustments, that meet the tier 1 and tier 2 criteria and that are therefore available to meet the MCR.

R0510/C0020

Total available own funds to meet the MCR — tier 1 unrestricted

This is the sum of all basic own fund items, after adjustments, that meet the criteria to be included in Tier 1 unrestricted items and that are therefore available to meet the MCR.

R0510/C0030

Total available own funds to meet the MCR — tier 1 restricted

This is the sum of all basic own fund items, after adjustments, that meet the criteria to be included in Tier 1 restricted items and that are therefore available to meet the MCR.

R0510/C0040

Total available own funds to meet the MCR — tier 2

This is the sum of all basic own fund items, after adjustments, that meet the criteria to be included in Tier 2 and that are therefore available to meet the MCR.

R0540/C0010

Total eligible own funds to meet the SCR

This is the total amount of available own funds that are eligible to cover the solvency capital requirement (‘SCR’).

R0540/C0020

Total eligible own funds to meet the SCR — tier 1 unrestricted

This is the amount of unrestricted Tier 1 own fund items that are eligible to meet the SCR.

R0540/C0030

Total eligible own funds to meet the SCR — tier 1 restricted

This is the amount of restricted Tier 1 own fund items that are eligible to meet the SCR.

R0540/C0040

Total eligible own funds to meet the SCR — tier 2

This is the amount of Tier 2 own fund items that are eligible to meet the SCR.

R0540/C0050

Total eligible own funds to meet the SCR — tier 3

This is the amount of Tier 3 own fund items that are eligible to meet the SCR.

R0550/C0010

Total eligible own funds to meet the MCR

This is the total amount of own fund items that are eligible to meet the MCR.

R0550/C0020

Total eligible own funds to meet the MCR — tier 1 unrestricted

This is the amount of unrestricted Tier 1 own fund items that are eligible to meet the MCR.

R0550/C0030

Total eligible own funds to meet the MCR — tier 1 restricted

This is the amount of restricted Tier 1 own fund items that are eligible to meet the MCR.

R0550/C0040

Total eligible own funds to meet the MCR — tier 2

This is the amount of Tier 2 basic own fund items that are eligible to meet the MCR.

R0580/C0010

SCR

This is the total SCR of the undertaking as a whole and shall correspond to the SCR disclosed on the relevant SCR template.

R0600/C0010

MCR

This is the MCR of the undertaking and shall correspond to the total MCR disclosed in the relevant MCR template.

R0620/C0010

Ratio of eligible own funds to SCR

This is the solvency ratio calculated as the total eligible own funds to meet the SCR divided by the SCR amount.

R0640/C0060

Ratio of eligible own funds to MCR

This is the MCR ratio calculated as the total eligible own funds to meet the MCR divided by the MCR amount.

Reconciliation Reserve

R0700/C0060

Excess of assets over liabilities

This is the excess of assets over liabilities as disclosed in the Solvency 2 balance sheet.

R0710/C0060

Own shares (held directly and indirectly)

This is the amount of own shares held by the undertaking, both directly and indirectly.

R0720/C0060

Foreseeable dividends, distributions and charges

These are the dividends, distributions and charges foreseeable by the undertaking.

R0730/C0060

Other basic own fund items

These are the basic own fund items included in points (a)(i) to (v) of Article 69, Article 72(a) and Article 76(a), as well as those basic own fund items approved by the supervisory authority in accordance with Article 79 of the Delegated Regulation (EU) 2015/35.

R0740/C0060

Adjustment for restricted own fund items in respect of matching adjustment portfolios and ring fenced funds

This is the total amount of the adjustment to the reconciliation reserve due to the existence of restricted own fund items in respect of ring–fenced funds and matching portfolios.

R0760/C0060

Reconciliation reserve — total

This the reconciliation reserve of the undertaking, before deduction for participations in other financial sector as foreseen in Article 68 of Delegated Regulation (EU) 2015/35.

R0770/C0060

Expected profits included in future premiums (EPIFP) — Life business

The reconciliation reserve includes an amount of the excess of assets over liabilities that corresponds to the expected profit in future premiums (EPIFP). This cell represents that amount for the life business of the undertaking.

R0780/C0060

Expected profits included in future premiums (EPIFP) — Non– life business

The reconciliation reserve includes an amount of the excess of assets over liabilities that corresponds to the expected profit in future premiums (EPIFP). This cell represents that amount for the non–life business of the undertaking.

R0790/C0060

Total Expected profits included in future premiums (EPIFP)

This is the total amount calculated as expected profits included in future premiums.

S.25.01. — Solvency Capital Requirement — for undertakings on Standard Formula

General comments:

This section relates to annual disclosure of information for individual entities.

 

ITEM

INSTRUCTIONS

R0010–R0050/ C0110

Gross solvency capital requirement

Amount of the gross capital charge for each risk module, as calculated using the standard formula.

The difference between the net and the gross SCR is the consideration of the future discretionary benefits according to Article 205 of Delegated Regulation (EU) 2015/35.

This amount shall fully consider diversification effects according to Article 304 of Directive 2009/138/EC where applicable.

These cells include the allocation of the adjustment due to the aggregation of the nSCR of the RFF/MAP at entity level.

R0060/C0110

Gross solvency capital requirement Diversification

Amount of the diversification effects between Basic SCR of gross risk modules due to the application of the correlation matrix defined in Annex IV of Directive 2009/138/EC.

This amount should be disclosed as a negative value.

R0070/C0110

Gross solvency capital requirement Intangible assets risk

The future discretionary benefits according to Article 205 of the Delegated Regulation (EU) 2015/35 for intangible assets risk is zero under standard formula.

R0100/C0110

Gross solvency capital requirement — Basic Solvency Capital Requirement

Amount of the basic capital requirements, before the consideration of future discretionary benefits according to Article 205 of Delegated Regulation (EU) 2015/35, as calculated using the standard formula.

This amount shall fully consider diversification effects according to Article 304 of Directive 2009/138/EC.

This cell includes the allocation of the adjustment due to the aggregation of the nSCR of the RFF/MAP at entity level.

This amount shall be calculated as a sum of the gross capital charges for each risk module within the standard formula, including adjustment for diversification effect within standard formula

R0030/C0080

USP — Life underwriting risk

Identifies which undertaking specific parameters have been used in each risk module. One of the options on the following closed list should be used:

Increase in the amount of annuity benefits

None

R0040/C0080

USP — Health underwriting risk

Identifies which undertaking specific parameters have been used in each risk module. At least one of the options on the following closed list shall be used:

Increase in the amount of annuity benefits