LegalizeCommission Implementing Regulation (EU) 2023/895 of 4 April 2023 laying down implementing technical standards for the application of Directive 2009/138/EC of the European Parliament and the Council with regard to the procedures, formats and templates for the disclosure by insurance and reinsurance undertakings of their report on their solvency and financial condition and repealing Implementing Regulation (EU) 2015/2452 (Text with EEA relevance)
This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.
| 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; 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 group for own use. It also includes 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 also includes property under construction other than for own use. |
| C0010/R0090 | Holdings in related undertakings, including participations | Participations as defined in Article 13(20) of Directive 2009/138/EC and 212 (2) of Directive 2009/138/EC and holdings in related undertakings as defined in Article 212(1), point (b) of Directive 2009/138/EC. Where parts of the assets regarding participation and related undertakings refer to unit and index linked contracts, those parts shall be disclosed in ‘Assets held for index–linked and unit–linked contracts’ in C0010/R0220. Participations and holdings related undertakings at group level will include: — holdings in related but not subsidiary insurance or reinsurance undertakings, insurance holding companies or mixed financial holding companies as described in Article 335, paragraph 1 (d) of Delegated Regulation (EU) 2015/35 — holdings in related undertakings in other financial sectors as described in Article 335, paragraph 1 (e) of Delegated Regulation (EU) 2015/35 — other related undertakings as described in Article 335, paragraph 1 (f) of Delegated Regulation (EU) 2015/35 — insurance or reinsurance undertakings, insurance holding companies or mixed financial holding companies included with the deduction and aggregation method (when combination of methods is used). |
| 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 by Directive 2010/65/EU. Equities listed 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 by Directive 2014/65/EU. Equities unlisted 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, multilateral development banks as referred to in Article 117(2) of Regulation (EU) No 575/2013 of the European Parliament and of the Council10, or international organisations referred to in Article 118 of that Regulation, the regional governments and local authorities listed in Article 1 of Commission Implementing Regulation (EU) 2015/201111, 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’). |
| C0010/R0170 | Collateralised securities | Securities whose value and payments are derived from a portfolio of underlying assets, including 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 Council12 or an alternative investment fund (‘AIF’) as defined in Article 4(1), point (a) of Directive 2011/61/EU of the European Parliament and of the Council13. |
| 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 disclosed 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 between R0070 and R0200. |
| 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 specified in Annex I to 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 reinsurance and SPV). This cell in particular includes all expected payments from reinsurers to the undertaking (or vice versa) which correspond to payments not yet made by the undertaking to policyholders (or by policyholders to the undertaking). All expected payments from reinsurers to the undertaking (or vice versa) corresponding to payments already made by the undertaking to the policyholders (or by policyholders to the undertaking) should be included in reinsurance receivables (or reinsurance payables). |
| 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 for payment by policyholders, insurers, and other linked to insurance business, that are not included in technical provisions. It shall include receivables from reinsurance accepted. |
| C0010/R0370 | Reinsurance receivables | This cell includes all expected payments (due and past-due) from reinsurers linked to reinsurance business to the undertaking that are not included in reinsurance recoverables. Those expected payments should not be included in the item "any other assets not elsewhere shown". This cell in particular should take into account all expected payments from reinsurers to the undertaking and which correspond to payments made by the undertaking to the policyholders. It also includes all expected payments (due and past-due) from reinsurers in relation to other than insurance events or those that have been agreed between cedant undertaking and the reinsurer and where the amount of the expected payment is certain. |
| 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 group. |
| 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 funds 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 already elsewhere 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of minimum capital requirement (‘MCR’) calculation. |
| C0010/R0520 | Technical provisions – non–life (excluding health) | This is the total amount of technical provisions for non – life business (excluding health). This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0660 | Technical provisions – life (excl. health and index–linkded 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0670 | Technical provisions – life (excl. health and index–linkded 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory 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 includes the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0740 | Contingent liabilities | A contingent liability is: (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 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 obligations’. 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 in accordance with 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 Generally accepted accounting principles (‘GAAP’) do not need to provide a financial statements value. |
| C0010/R0800 | Debts owed to credit institutions | Debts, including mortgages and loans, owed to credit institutions, excluding bonds held by credit institutions (as it is not possible for the group to identify all the holders of the bonds that it issues) and subordinated liabilities. This also includes bank overdrafts. |
| C0010/R0810 | Financial liabilities other than debts owed to credit institutions | Financial liabilities including bonds issued by the group (held by credit institutions or not), structured notes issued by the group itself and mortgages and loans due to other entities than credit institutions. Subordinated liabilities shall not be included here. |
| C0010/R0820 | Insurance and intermediaries payables | Amounts payable to policyholders, insurers and other business linked to insurance that are not included in technical provisions. Includes amounts payable to (re)insurance intermediaries (e.g. commissions due to intermediaries but not yet paid by the group). Excludes loans and mortgages due to other insurance companies, if those loand and mortgages 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 to reinsurers (in particular current accounts) other than deposits linked to reinsurance business, that are not included in reinsurance recoverables, including payables from the undertaking to reinsurers in relation to other than insurance events. Includes payables to reinsurers that relate to ceded premiums. This cell includes all expected payments (due and past-due) from the undertaking to reinsurers that are not included in reinsurance recoverables. These should not be included in the item "any other liabilities not elsewhere shown". This cell in particular shall take into account all expected payments from the undertaking to reinsurers corresponding to payments made by the policyholders to the undertaking. It also includes all expected payments (due and past-due) to reinsurers in relation to other than insurance events or those that have been agreed between cedent and reinsurer and where the amount of the expected payment is certain. |
| 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 the issuer 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 the issuer 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 the group’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 the annual disclosure of information for groups.
This template shall be reported 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, unless otherwise stated in these instructions, except for the classification between investment contracts and insurance contracts or different reporting requirements when this is applicable in the financial statements. This template shall include all insurance business regardless of the possible different classification between investment contracts and insurance contracts applicable in the financial statements.
This template covers only insurance and reinsurance business within the scope of the consolidated financial statements.
Insurance and reinsurance undertakings shall disclose written/earned premiums as defined in Article 1(11) and (12) of Delegated Regulation (EU) 2015/35 regardless whether a local GAAP or IFRS is used.
| ITEM | INSTRUCTIONS | |
| Non–life insurance and reinsurance obligations | ||
| C0010 to C0120/R0110 | Premiums written – Gross – Direct Business | 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. Amount of taxes or charges levied with premiums should be excluded from the written premiums. |
| C0010 to C0120/R0120 | Premiums written – Gross – Proportional reinsurance accepted | 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. Amount of taxes or charges levied with premiums should be excluded from the written premiums. |
| C0130 to C0160/R0130 | Premiums written – Gross – Non proportional reinsurance accepted | 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. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. |
| 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. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. |
| C0010 to C0160/R0200 | Premiums written – net | 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 | 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 | 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 | 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 | 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 | 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 referred to 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 (in accordance with the local GAAP or IFRS used) 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 referred to 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 (in accordance with the local GAAP or IFRS used) 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 referred to 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 (in accordance with the local GAAP or IFRS used) 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 (according to the local GAAP or IFRS used). 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 (according to the local GAAP or IFRS used) 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 C0160/R0550 | Expenses incurred | All technical expenses incurred by the group during the reporting period, on accrual basis. |
| C0200/R0110–R0550 | Total | Total for different items for all lines of business, as defined in Annex I to Delegated Regulation (EU) 2015/35. |
| C0200/R1200 | Balance – other technical expenses/income | Net technical expenses/income not covered by above mentioned expenses/income and and reduced by the amount ceded to reinsurance undertakings. Other technical expenses/income are not split by lines of business. Should not include change in other technical provisions and non–technical expenses/income such as tax, interest expenses, losses on disposals, etc. The amount of net technical expenses/income shall be reported negative if the amount of technical income is larger than the amount of technical expenses. |
| C0200/R1300 | Total expenses | Amount of all technical expenses |
| Life insurance and reinsurance obligations | ||
| C0210 to C0280/R1410 | Premiums written – Gross | 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. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. It includes both direct and reinsurance business. |
| C0210 to C0280/R1420 | Premiums written – Reinsurers’ share | 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. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. |
| C0210 to C0280/R1500 | Premiums written – net | 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 – Direct business and reinsurance accepted | 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 | 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 | 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 – Direct business and reinsurance accepted | Claims incurred in the reporting period as referred to 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 (in accordance with the local GAAP or IFRS used), 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 referred to 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 (in accordance with the local GAAP or IFRS used). 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 referred to 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 (in accordance with the local GAAP or IFRS used), 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/R1900 | Expenses incurred | All technical expenses expensed incurred by the group during the reporting period, on accrual basis. |
| C0300/R1410–R1900 | Total | Total for different items for all life lines of business, as defined in Annex I to Delegated Regulation (EU) 2015/35. |
| C0300/R2500 | Balance – other technical expenses/income | Net technical expenses/income not covered by above mentioned expenses/income and and reduced by the amount ceded to reinsurance undertakings. Other technical expenses/income are not split by lines of business. Should not include change in other technical provisions and non–technical expenses/income such as tax, interest expenses, losses on disposals, etc. The amount of net technical expenses/income shall be reported negative if the amount of technical income is larger than the amount of technical expenses. |
| 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 the annual disclosure of information for groups. Participating insurance and reinsurance undertakings, insurance holding companies or mixed financial holding companies are not required to disclose template S.05.02.01 of Annex I where the home country represents 90 % or more of the total gross written premiums.
This template shall be disclosed from an accounting perspective, i.e.: local GAAP or 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 except for the classification between investment contracts and insurance contracts when this is applicable in the financial statements. This template shall include all insurance business regardless of the possible different classification between investment contracts and insurance contracts applicable in the financial statements.
This template covers only insurance and reinsurance business within the scope of the consolidated financial statements.
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, as defined in Annex I to Delegated Regulation (EU) 2015/35, ‘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. Amount of taxes or charges levied with premiums should be excluded from the written premiums |
| 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. Amount of taxes or charges levied with premiums should be excluded from the written premiums. |
| 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. Amount of taxes or charges levied with premiums should be excluded from the written premiums. |
| 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. Amount of taxes or charges levied with premiums should be excluded from the written premiums. |
| 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. Amount of taxes or charges levied with premiums should be excluded from the written premiums. |
| 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. Amount of taxes or charges levied with premiums should be excluded from the earned premiums. |
| 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. Amount of taxes or charges levied with premiums should be excluded from the earned premiums. |
| 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. Amount of taxes or charges levied with premiums should be excluded from the earned premiums. |
| C0080 to C0140/R0240 | 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. Amount of taxes or charges levied with premiums should be excluded from the earned 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. Amount of taxes or charges should be excluded from the earned premiums. |
| 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: the claims incurred means the 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/R0550 | Expenses incurred | All technical expenses incurred by the group 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 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. Amount of taxes or charges should be excluded from the written premiums. |
| 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. Amount of taxes or charges should be excluded from the written premiums. |
| 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. Amount of taxes or charges levied with premiums should be excluded from the written premiums. |
| 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. Amount of taxes or charges levied with premiums should be excluded from the earned premiums. |
| 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. Amount of taxes or charges levied with premiums should be excluded from the earned 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. Amount of taxes or charges levied with premiums should be excluded from the earned premiums. |
| 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/R1900 | Expenses incurred | All technical expenses incurred by the group during the reporting period, on accrual basis. |
| C0280/R2500 | Balance- other technical expenses/income | Net technical expenses/income not covered by above mentioned expenses and not split by lines of business. Should not include non–technical expenses/income 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. |
| C0220 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.22.01 – Impact of long term guarantees measures and transitional
General comments:
This section relates to the annual disclosure of information for groups.
This template is relevant when at least one long term guarantee measure or transitional is used by any undertaking within the scope of group supervision.
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).
The amounts disclosed in this template shall be net of Intra Group Transactions.
| ITEM | INSTRUCTIONS | |
| Technical provisions | ||
| C0010/R0010 | Amount with Long Term Guarantee measures and transitionals – Technical Provisions | Total amount of gross 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 gross technical provisions due to the application of the transitional on technical provisions. It shall be the difference between the technical provisions without transitional deduction on 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 gross 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 without transitional on technical provisions. |
| C0070/R0010 | Impact of volatility adjustment set to zero – Technical provisions | Amount of the adjustment to the gross 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 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 gross 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 technical provisions without volatility adjustment and without other transitional measures. |
| C0010/R0020 | Amount with Long Term Guarantee 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 the basic own funds calculated considering technical provisions with 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 the technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and the basic own funds calculated with the technical provisions without transitional on technical provisions. |
| 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 basic own funds considering 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 basic own funds considering technical provisions without volatility adjustment and without other transitional measures. |
| C0010/R0050 | Amount with Long Term Guarantee measures and transitionals – Eligible own funds to meet Solvency Capital Requirement | Total amount of eligible own funds to meet the solvency capital requirement (‘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 Solvency Capital Requirement | 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 the eligible own funds to meet SCR calculated considering technical provisions with LTG and transitional measures. |
| C0050/R0050 | Impact of transitional on interest rate – Eligible own funds to meet Solvency Capital Requirement | 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 the technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and the eligible own funds to meet SCR calculated considering the technical provisions without transitional on technical provisions. |
| C0070/R0050 | Impact of volatility adjustment set to zero – Eligible own funds to meet Solvency Capital Requirement | 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 eligible own funds to meet SCR considering 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 Solvency Capital Requirement | 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 eligible own funds to meet SCR considering technical provisions without volatility adjustment and without other transitional measures. |
| C0010/R0090 | Amount with Long Term Guarantee measures and transitionals – Solvency Capital Requirement | 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 – Solvency Capital Requirement | 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 the SCR calculated considering technical provisions with LTG and transitional measures. |
| C0050/R0090 | Impact of transitional on interest rate – Solvency Capital Requirement | 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 the technical provisions without transitional adjustment to the relevant risk-free interest rate term structure and the SCR calculated with the technical provisions without transitional on technical provisions. |
| C0070/R0090 | Impact of volatility adjustment set to zero – Solvency Capital Requirement | 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 SCR considering technical provisions without transitional adjustment to the relevant risk free interest rate term structure. |
| C0090/R0090 | Impact of matching adjustment set to zero – Solvency Capital Requirement | 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 SCR calculated considering technical provisions without volatility adjustment and without other transitional measures. |
S.23.01 – Own Funds
General comments:
This section relates to the opening, quarterly and annual disclosure of information for groups.
The template is applicable under all three calculation methods for group solvency capital requirement. Since most of the items are applicable to the part of the group that is covered by method 1 (Accounting consolidation-based method), the items applicable when method 2 (Deduction and Aggregation method or D&A method) is used, exclusively or in combination with method 1, are clearly identified in the instructions.
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