Executive Summary ......................................................................................................................................................... 3
A - Business and Performance .................................................................................................................................... 6
A.1 Business and External Environment............................................................................................................ 6
A.2 Underwriting Performance ........................................................................................................................... 10
A.3 Investment Performance ............................................................................................................................... 13
A.4 Performance of other activities ................................................................................................................... 14
A.5 Any other information .................................................................................................................................... 16
B - System of Governance ........................................................................................................................................... 19
B.1 General information of the system of governance .............................................................................. 19
B.2 Fit and proper assessment ............................................................................................................................ 27
B.4 Internal control system .................................................................................................................................. 32
C - Risk Profile ................................................................................................................................................................. 41
D – Regulatory Balance Sheet (Solvency II Balance Sheet) .......................................................................... 47
D.1 Assets ..................................................................................................................................................................... 49
D.2 Technical Provisions ....................................................................................................................................... 55
D.3 Other liabilities .................................................................................................................................................. 57
D.4 Alternative methods for valuation............................................................................................................. 59
D.5 Any other information .................................................................................................................................... 59
E – Capital Management ............................................................................................................................................. 60
E.1 Own funds ............................................................................................................................................................ 60
E.2 Solvency Capital Requirement (SCR) and Minimum Capital Requirement (MCR) ................ 63
E.2.1Solvency Capital Requirement (SCR) ..................................................................................................... 64
E.3 Use of the duration-based equity risk sub-module in the calculation of the Solvency
Capital Requirement................................................................................................................................................ 65
E.4 Differences between the standard formula and any internal model used ................................ 65
E.5 Non-compliance with the Minimum Capital Requirement and non-compliance with theSolvency Capital Requirement ............................................................................................................................ 65
E.6 Any other information .................................................................................................................................... 65
Appendix – Quantitative Reporting Templates (QRTs) ................................................................................. 66

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A.2.1

Underwriting Performance

The gross underwriting profit by line of business was as follows:
2023

Life

Health

Non-Life

Total

€'M

€'M

€'M

€'M

Gross Premiums Earned

1,026.0

256.2

58.3

1,340.5

Gross benefits(1,107.9)(149.6)

10.9(1,246.6)

(9.4)

(8.9)

(2.2)

(20.5)

87.3

-

-

87.3

(4.0)

97.7

67.0

160.7

Life

Health

Non-Life

Total

€'M

€'M

€'M

€'M

976.7

265.1

45.1

1,286.9(1,054.5)(187.2)(8.1)(1,249.8)

Experience refund

(2.8)

(2.2)

(1.3)

(6.3)

Investment Returns from asset
intensive portfolios

58.6

-

-

58.6

Gross Underwriting Profit(22.0)

75.7

35.7

89.4

Experience refund
Investment Returns from asset
intensive portfolios
Gross Underwriting Profit
2022

Gross Premiums Earned
Gross benefits

11The gross underwriting profit by geographical area is analysed as follows:
Continent
al Europe

UK

Asia

Total

€'M

€'M

€'M

€'M

515.0

591.3

234.2

1,340.5(377.6)(685.5)(183.5)(1,246.6)

Experience refund
Investment Returns from asset
intensive portfolios(17.8)-(2.7)(20.5)

-

87.3

-

87.3

Gross Underwriting Profit

119.6

(6.9)

48.0

160.7

Continent
al Europe

UK

Asia

Total

€'M

€'M

€'M

€'M

480.0

545.3

261.6

1,286.9(380.3)(594.6)(274.9)(1,249.8)

Experience refund
Investment Returns from asset
intensive portfolios

(5.0)

-

(1.3)

(6.3)

-

58.6

-

58.6

Gross Underwriting Profit

94.7

9.3

(14.6)

89.4

2023
Gross Premiums Earned
Gross benefits

2022
Gross Premiums Earned
Gross benefits

The gross earned premium in 2023 was €1,340.5million (2022: €1,286.9million). The growthof the Company was 4%. The growth by Geographical region was: Europe 7%; UK 8% andreduction in Asia 10%.
Following Brexit, the Company moved the Irish business reporting out of UK to Ireland in 2021.
The life reinsurance business includes asset intensive business written in the United
Kingdom. These transactions, which provide reinsurance for closed books of annuities inpayment, have dedicated portfolios of assets invested to generate cash flows to meet theannuity payments when due. The investment income and realised gains from theseportfolios was €87.3million (2022: €58.6million). This investment return has been included
as part of the gross underwriting profit to give a more accurate reflection of the actual
performance.
The gross underwriting profit was €160.7million (2022 profit: €89.4million). There was agross underwriting loss in the UK of €6.9million driven by updates on mortality assumptions.
On 30th June 2023, the Company acquired by way of reinsurance, a UK block of annuities
in payment and received portfolio of assets of €547.6million.

12

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RGA International
Solvency and Financial
Condition Report
Disclosures

31 December

2023(Monetary amounts in EUR thousands)

General information
RGA International Reinsurance Company dac

Undertaking name

01TRDHWDCL69YP41S025

Undertaking identification code
Type of code of undertaking

LEI

Type of undertaking

Reinsurance undertakings

Country of authorisation

IE

Language of reportingen

Reporting reference date

31 December 2023

Currency used for reporting

EUR

Accounting standards

Local GAAP

Method of Calculation of the SCR

Standard formula

Matching adjustment

No use of matching adjustment

Volatility adjustment
Transitional measure on the risk-free interest rate
Transitional measure on technical provisions

No use of volatility adjustment
No use of transitional measure on the risk-free interest rate
No use of transitional measure on technical provisions

List of reported templates
S.02.01.02 - Balance sheet
S.04.05.21 - Premiums, claims and expenses by country: Life insurance and reinsurance obligations
S.04.05.21 - Premiums, claims and expenses by country: Non-life insurance and reinsurance obligations
S.05.01.02 - Premiums, claims and expenses by line of business: Life insurance and reinsurance obligations
S.05.01.02 - Premiums, claims and expenses by line of business: Non-life insurance and reinsurance obligations
S.12.01.02 - Life and Health SLT Technical Provisions
S.17.01.02 - Non-Life Technical Provisions
S.19.01.21 - Non-Life insurance claims
S.23.01.01 - Own Funds
S.25.01.21 - Solvency Capital Requirement - for undertakings on Standard Formula
S.28.01.01 - Minimum Capital Requirement - Only life or only non-life insurance or reinsurance activity

S.02.01.02

Balance sheet
Solvency II
value
Assets

C0010

R0030 Intangible assets
R0040 Deferred tax assets

22,569R0050 Pension benefit surplus
R0060 Property, plant & equipment held for own use
R0070 Investments (other than assets held for index-linked and unit-linked contracts)

4,103
3,752,313

R0080

Property (other than for own use)

0

R0090

Holdings in related undertakings, including participations

0

R0100

Equities

0R0110

Equities - listed

R0120

Equities - unlisted

R0130

Bonds

3,715,247

R0140

Government Bonds

307,184

R0150

Corporate Bonds

3,316,067

R0160

Structured notes

R0170

Collateralised securities

091,996R0180

Collective Investments Undertakings

37,066

R0190

Derivatives

R0200

Deposits other than cash equivalents

0

R0210

Other investments

0R0220 Assets held for index-linked and unit-linked contracts
R0230 Loans and mortgages

143,628

R0240

Loans on policies

R0250

Loans and mortgages to individuals

R0260

Other loans and mortgages

143,628

R0270 Reinsurance recoverables from:

802,152

R0280

67,012

R0290
R0300
R0310

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

067,0120735,140

R0320

Health similar to life

136,106

R0330

Life excluding health and index-linked and unit-linked

599,034

R0340

Life index-linked and unit-linked

0R0350 Deposits to cedants

244,153

R0360 Insurance and intermediaries receivables

556,938

R0370 Reinsurance receivables

609,349

R0380 Receivables (trade, not insurance)

15,283R0390 Own shares (held directly)
R0400 Amounts due in respect of own fund items or initial fund called up but not yet paid in
R0410 Cash and cash equivalents

092,815

R0420 Any other assets, not elsewhere shown
R0500 Total assets

6,243,304

S.02.01.02

Balance sheet
Solvency II
value
Liabilities

C0010

R0510 Technical provisions - non-life

88,607R0520

88,607

Technical provisions - non-life (excluding health)

R0530

TP calculated as a whole

R0540

Best Estimate

86,697

Risk margin

1,910

R0550
R0560

Technical provisions - health (similar to non-life)

0

0

R0570

TP calculated as a whole

0

R0580

Best Estimate

0

R0590

Risk margin

0

R0600 Technical provisions - life (excluding index-linked and unit-linked)
R0610

Technical provisions - health (similar to life)

3,673,591
182,347

R0620

TP calculated as a whole

R0630

Best Estimate

128,401

R0640

Risk margin

53,947

R0650

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

03,491,244

R0660

TP calculated as a whole

R0670

Best Estimate

3,164,214

R0680

Risk margin

327,030

R0690 Technical provisions - index-linked and unit-linked
R0700

TP calculated as a whole

R0710

Best Estimate

R0720

Risk margin

R0740 Contingent liabilities

00R0750 Provisions other than technical provisions
R0760 Pension benefit obligations
R0770 Deposits from reinsurers
R0780 Deferred tax liabilities

112,139

R0790 Derivatives
R0800 Debts owed to credit institutions
R0810 Financial liabilities other than debts owed to credit institutions

0
2,196

R0820 Insurance & intermediaries payables

611,701

R0830 Reinsurance payables

663,785

R0840 Payables (trade, not insurance)

32,280R0850 Subordinated liabilities

116,000

R0860

Subordinated liabilities not in BOF

R0870

Subordinated liabilities in BOF

116,000

R0880 Any other liabilities, not elsewhere shown
R0900 Total liabilities
R1000 Excess of assets over liabilities

5,300,298
943,005

S.04.05.21

Premiums, claims and expenses by country: Non-life insurance and reinsurance obligations

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

Home
Country

R0010
Premiums written (gross)

C0010

IT

SG

C0020

C0021

C0022

C0023

C0024

R0020 Gross Written Premium (direct)
R0021 Gross Written Premium (proportional reinsurance)

058,126

219

0

0

0

0

58,126

219

0

0

0

0

21,093

242

0

0

0

0

24,8300000R0022 Gross Written Premium (non-proportional reinsurance)
Premiums earned (gross)
R0030 Gross Earned Premium (direct)
R0031 Gross Earned Premium (proportional reinsurance)
R0032 Gross Earned Premium (non-proportional reinsurance)
Claims incurred (gross)
R0040 Claims incurred (direct)
R0041 Claims incurred (proportional reinsurance)
R0042 Claims incurred (non-proportional reinsurance)
Expenses incurred (gross)
R0050 Gross Expenses Incurred (direct)
R0051 Gross Expenses Incurred (proportional reinsurance)
R0052 Gross Expenses Incurred (non-proportional reinsurance)S.04.05.21

Premiums, claims and expenses by country: Life insurance and reinsurance obligations

R1010

Top 5 countries (by amount of gross premiums written): life and health SLTHomeCountry
C0030

GB

IT

SG

NL

FR

C0040

C0041

C0042

C0043

C0044

R1020 Gross Written Premium

97,542

627,180

173,733

139,604

119,278

64,166

R1030 Gross Earned Premium

97,034

626,701

176,015

139,573

118,472

64,166

R1040 Claims incurred

79,089808,492

137,448

80,27984,64625,628985-6,738-2,3582,021

12,15017,224

R1050 Gross Expenses IncurredS.05.01.02

Premiums, claims and expenses by line of business: Non-life insurance and reinsurance obligations

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

Medicalexpenseinsurance

Incomeprotection
insurance

Workers'
compensation
insurance

Motor vehicle
liability
insurance

Other motor
insurance

Marine,aviation andtransport
insurance

Fire and otherdamage toproperty
insurance

Generalliability
insurance

Credit andsuretyshipinsurance

Legal expenses
insurance

Assistance

Misc. financial
loss

HealthCasualty

Marine,aviation andtransport

Property

C0010

C0020

C0030

C0040

C0050

C0060

C0070

C0080

C0090

C0100

C0110

C0120

C0130

C0140

C0150

C0160

C0200

Premiums written
R0110 Gross - Direct BusinessR0120 Gross - Proportional reinsurance accepted

058,34558,345

R0140 Reinsurers' share

25,35825,358R0200 Net

32,98632,98658,34558,345

R0240 Reinsurers' share

25,35825,358R0300 Net

32,98632,986

21,335

21,335

R0340 Reinsurers' share

17,105

17,105

R0400 Net

4,231

4,231

R0550 Expenses incurred

26,931

26,931

R0130 Gross - Non-proportional reinsurance accepted0

Premiums earned
R0210 Gross - Direct BusinessR0220 Gross - Proportional reinsurance accepted

0R0230 Gross - Non-proportional reinsurance accepted0

Claims incurred
R0310 Gross - Direct BusinessR0320 Gross - Proportional reinsurance accepted

0R0330 Gross - Non-proportional reinsurance accepted

R1210 Balance - other technical expenses/income
R1300 Total technical expenses

0026,931

S.05.01.02

Premiums, claims and expenses by line of business: Life insurance and reinsurance obligations

Line of Business for: life insurance obligations

Healthinsurance

Insurance withprofit participation

Index-linked andunit-linked
insurance

Other life
insurance

C0210

C0220

C0230

C0240

Life reinsurance obligations

Annuities stemmingfrom non-life
Annuities stemming
insurance contracts
from non-lifeand relating toinsurance contracts
insuranceand relating to
obligations other
health insurance
than healthobligations
insurance
obligations

C0250

C0260

HealthreinsuranceLife
reinsurance

C0270

C0280

Total

C0300

Premiums written
R1410 Gross

258,223

1,024,820

1,283,043

R1420 Reinsurers' share

169,518

1,041,267

1,210,785

R1500 Net

88,705-16,447

72,258

R1510 Gross

256,175

1,025,9781,282,152

R1520 Reinsurers' share

168,017

1,042,193

1,210,210

R1600 Net

88,158-16,216

71,942

R1610 Gross

169,231

1,085,482

1,254,713

R1620 Reinsurers' share

155,673955,214

1,110,887

R1700 Net

13,558130,267

143,826

R1900 Expenses incurred

48,648-3,20845,440Premiums earned

Claims incurred

R2510 Balance - other technical expenses/income
R2600 Total technical expenses
R2700 Total amount of surrenders

45,440
161

1,234

1,395

S.12.01.02

Life and Health SLT Technical Provisions

Index-linked and unit-linked insurance

Insurancewith profit
participation

C0020

C0030

Contracts
without
options andguarantees

Contracts with
options orguarantees

C0040

C0050

Other life insurance

Contracts
without
options andguarantees

C0060

C0070

Health insurance (direct business)

Annuities
stemmingfrom non-life
insurance
contracts andrelating toContracts withinsurance
options or
obligation
guarantees
other thanhealthinsurance
obligations

C0080

C0090

Total
(Life otherthan healthinsurance,
includingUnit-Linked)

Acceptedreinsurance

C0100

C0150

Contracts
without
options andguarantees

C0160

C0170

Annuities
stemmingfrom non-life
insurance
Contracts with contracts andrelating tooptions or
healthguarantees
insurance
obligations

C0180

C0190

Healthreinsurance(reinsurance
accepted)

Total(Healthsimilar to life
insurance)

C0200

C0210

R0010 Technical provisions calculated as a whole

0

0

0

0

R0020 Total Recoverables from reinsurance/SPV and Finite Re after the
adjustment for expected losses due to counterparty default associatedto TP calculated as a whole

0

0

0

0

3,164,214

3,164,214

128,401

128,401

599,034

599,034

136,106

136,106

2,565,180

2,565,180-7,705-7,705

327,030

327,030

53,94753,947

3,491,244

3,491,244

182,347

182,347

Technical provisions calculated as a sum of BE and RM
Best estimate
R0030 Gross Best Estimate
R0080 Total Recoverables from reinsurance/SPV and Finite Re after the
adjustment for expected losses due to counterparty default
R0090

Best estimate minus recoverables from reinsurance/SPV and Finite Re

R0100 Risk margin
R0200 Technical provisions - total

S.17.01.02

Non-Life Technical Provisions

Direct business and accepted proportional reinsurance

R0010 Technical provisions calculated as a whole
R0050

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

Accepted non-proportional reinsurance

Medicalexpenseinsurance

Incomeprotection
insurance

Workers'
compensation
insurance

Motor vehicle
liability
insurance

Other motor
insurance

Marine,aviation andtransport
insurance

Fire and otherdamage toproperty
insurance

Generalliability
insurance

Credit andsuretyshipinsurance

Legal expenses
insurance

C0020

C0030

C0040

C0050

C0060

C0070

C0080

C0090

C0100

C0110

Assistance

Miscellaneous
financial loss

Nonproportional
healthreinsurance

Nonproportional
casualty
reinsurance

Nonproportional
marine,aviation andtransport
reinsurance

Nonproportional
property
reinsurance

Total Non-Life
obligation

C0120

C0130

C0140

C0150

C0160

C0170

C0180

0

0

0

0

Technical provisions calculated as a sum of BE and RM
Best estimate
Premium provisions
R0060

Gross

60,26760,267

R0140

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

45,87345,873

14,394

14,394

R0150

Net Best Estimate of Premium Provisions

Claims provisions
R0160

Gross

26,43026,430

R0240

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

21,13821,138

5,291

5,291

R0260 Total best estimate - gross

86,697

86,697

R0270 Total best estimate - net

19,686

19,686

R0280 Risk margin

1,910

1,910

R0320 Technical provisions - total

88,60788,607R0330 Recoverable from reinsurance contract/SPV and
Finite Re after the adjustment for expected losses
due to counterparty default - total

67,01267,012

R0340 Technical provisions minus recoverables fromreinsurance/SPV and Finite Re - total

21,596

21,596

R0250

Net Best Estimate of Claims Provisions

S.19.01.21

Non-Life insurance claims
Total Non-life business

Z0020

Accident Year

Accident year / underwriting year
Gross Claims Paid (non-cumulative)(absolute amount)
C0010

C0020

C0030

C0040

C0050

C0060

C0070

C0080

C0090

C0100

C0110

C0170

C0180

10 & +In Currentyear

Sum of years(cumulative)

Development year

Year
0

1

2

R0100

Prior

R0160

-9

153

794

R0170

-8

199

R0180

-7

79

R0190

-6

R0200

3

4

5

6

7

8

9

0
502

2

55

0

7

0

0

335

89

196

7

0

194

169

30

7

7

0

0

0

1

10

34

786

25

8

2

36

27

-5

160

650

381

19

24

41

R0210

-4

288

1,048

276

48

0

R0220

-3

234

780

117

0

R0230

-2

56

141

423

R0240

-1

-1

686

R0250

0

201

0

0

0

1,514

0

826

10

497

0

R0260

Total

27

918

41

1,274

0

1,660

0

1,131

423

620

686

686

201

201

1,388

9,326

Gross Undiscounted Best Estimate Claims Provisions(absolute amount)
C0360
C0200

C0210

C0220

C0230

0

1

2

3

C0240

C0250

C0260

C0270

C0280

C0290

C0300

6

7

8

9

10 & +Development year

Year

4

5

R0100

Prior

R0160

-9

2,906

227

101

32

2

0

0

0

0

R0170

-8

1,084

207

39

8

-1

0

0

0

0

R0180

-7

828

90

9

3

0

0

0

0

R0190

-6

371

47

0

0

0

0

0

R0200

-5

1,643

0

0

0

0

0

R0210

-4

2,817

0

0

0

0

R0220

-3

2,625

0

0

0

R0230

-2

4,113

0

0

R0240

-1

10,446

0

R0250

0

26,430R0260

Year end(discounted
data)
0

0

0
0
0
0
0
0
0
0
0
0
26,430Total

26,430S.23.01.01

Own Funds

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

Total
C0010

R0010 Ordinary share capital (gross of own shares)
R0030 Share premium account related to ordinary share capital

Tier 1
unrestricted

Tier 1
restricted

Tier 2

C0020

C0030

C0040

944

0
0

105,532

105,53200R0050 Subordinated mutual member accounts

0R0070 Surplus funds

0R0090 Preference shares
R0110 Share premium account related to preference shares

0

0

0

0

0

0

0

0

0

0

116,000

0

0

0

0

595,199

R0140 Subordinated liabilities

116,000

0595,1990241,331R0220 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

0241,33100R0230 Deductions for participations in financial and credit institutions
R0290 Total basic own funds after deductions

00R0130 Reconciliation reserve

R0180 Other own fund items approved by the supervisory authority as basic own funds not specified above

C0050

944

R0040 Initial funds, members' contributions or the equivalent basic own-fund item for mutual and mutual-type undertakings

R0160 An amount equal to the value of net deferred tax assets

Tier 300001,059,005

943,005

116,000

00

Ancillary own funds
R0300 Unpaid and uncalled ordinary share capital callable on demand

0R0310 Unpaid and uncalled initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual - type undertakings, callable on demand

0

R0320 Unpaid and uncalled preference shares callable on demand
R0330 A legally binding commitment to subscribe and pay for subordinated liabilities on demand0
100,000

R0340 Letters of credit and guarantees under Article 96(2) of the Directive 2009/138/EC

0R0350 Letters of credit and guarantees other than under Article 96(2) of the Directive 2009/138/EC

0R0360 Supplementary members calls under first subparagraph of Article 96(3) of the Directive 2009/138/EC

0R0370 Supplementary members calls - other than under first subparagraph of Article 96(3) of the Directive 2009/138/EC

0R0390 Other ancillary own funds

0R0400 Total ancillary own funds

100,000

100,000

100,000

00

Available and eligible own funds
R0500 Total available own funds to meet the SCR

1,159,005

943,005

116,000

100,000

R0510 Total available own funds to meet the MCR

1,059,005

943,005

116,000

0R0540 Total eligible own funds to meet the SCR

1,159,005

943,005

116,000

100,000

R0550 Total eligible own funds to meet the MCR

1,059,005

943,005

116,000

0R0580 SCR

609,081R0600 MCR

154,944

R0620 Ratio of Eligible own funds to SCR

190.29%R0640 Ratio of Eligible own funds to MCR
Reconcilliation reserve
R0700 Excess of assets over liabilities
R0710 Own shares (held directly and indirectly)
R0720 Foreseeable dividends, distributions and charges
R0730 Other basic own fund items
R0740 Adjustment for restricted own fund items in respect of matching adjustment portfolios and ring fenced funds
R0760 Reconciliation reserve683.48%C0060
943,00500347,806
0595,199

Expected profits
R0770 Expected profits included in future premiums (EPIFP) - Life business
R0780 Expected profits included in future premiums (EPIFP) - Non- life business
R0790 Total Expected profits included in future premiums (EPIFP)

332,815125
332,9400

S.25.01.21

Solvency Capital Requirement - for undertakings on Standard Formula

Gross solvency
capital requirement

USP

Simplifications

C0110

C0090

C0120

R0010 Market risk

418,127

R0020 Counterparty default risk

35,064R0030 Life underwriting risk

372,196R0040 Health underwriting risk

68,389R0050 Non-life underwriting risk

13,081

R0060 Diversification-241,633
USP Key

R0070 Intangible asset risk

0665,225

R0100 Basic Solvency Capital Requirement
Calculation of Solvency Capital Requirement

C0100

R0130 Operational risk

53,035

R0140 Loss-absorbing capacity of technical provisions-11,253

R0150 Loss-absorbing capacity of deferred taxes-97,926

R0160 Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC

0R0200 Solvency Capital Requirement excluding capital add-on

609,081R0210 Capital add-ons already set

0

R0211

of which, capital add-ons already set - Article 37 (1) Type a

0

R0212

of which, capital add-ons already set - Article 37 (1) Type b

0

R0213

of which, capital add-ons already set - Article 37 (1) Type c

0

R0214

of which, capital add-ons already set - Article 37 (1) Type d

0

R0220 Solvency capital requirement

609,081

Other information on SCR
R0400 Capital requirement for duration-based equity risk sub-module0

R0410 Total amount of Notional Solvency Capital Requirements for remaining part

0

R0420 Total amount of Notional Solvency Capital Requirements for ring fenced funds

0R0430 Total amount of Notional Solvency Capital Requirements for matching adjustment portfolios

0

R0440 Diversification effects due to RFF nSCR aggregation for article 304

0

Yes/NoApproach to tax rate
R0590 Approach based on average tax rate

Calculation of loss absorbing capacity of deferred taxes

C0109
No

LAC DT
C0130

R0640 LAC DT-97,926

R0650 LAC DT justified by reversion of deferred tax liabilities-97,926

R0660 LAC DT justified by reference to probable future taxable economic profit

0R0670 LAC DT justified by carry back, current year

0R0680 LAC DT justified by carry back, future years
R0690 Maximum LAC DT

0-171,625

For life underwriting risk:
1 - Increase in the amount of annuity
benefits
9 - None
For health underwriting risk:
1 - Increase in the amount of annuity
benefits
2 - Standard deviation for NSLT healthpremium risk
3 - Standard deviation for NSLT healthgross
premium risk
4 - Adjustment factor for nonproportional
reinsurance
5 - Standard deviation for NSLT healthreserve risk
9 - None
For non-life underwriting risk:
4 - Adjustment factor for nonproportional
reinsurance
6 - Standard deviation for non-life
premium risk
7 - Standard deviation for non-life grosspremium risk
8 - Standard deviation for non-lifereserve risk
9 - None

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

R0010 MCRNL Result

7,686

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

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

C0020

C0030

R0020 Medical expense insurance and proportional reinsurance

0R0030 Income protection insurance and proportional reinsurance

0R0040 Workers' compensation insurance and proportional reinsurance

0R0050 Motor vehicle liability insurance and proportional reinsurance

0R0060 Other motor insurance and proportional reinsurance

0

R0070 Marine, aviation and transport insurance and proportional reinsurance

0R0080 Fire and other damage to property insurance and proportional reinsurance

0

R0090 General liability insurance and proportional reinsurance

0

R0100 Credit and suretyship insurance and proportional reinsurance

0

R0110 Legal expenses insurance and proportional reinsurance

0

R0120 Assistance and proportional reinsurance

0R0130 Miscellaneous financial loss insurance and proportional reinsurance

19,686

R0140 Non-proportional health reinsurance

0

R0150 Non-proportional casualty reinsurance

0

R0160 Non-proportional marine, aviation and transport reinsurance

0

R0170 Non-proportional property reinsurance
Linear formula component for life insurance and reinsurance obligations

32,9860
C0040

R0200 MCRL Result

147,258

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

Net (of reinsurance/SPV) total capitalat risk

C0050

C0060

R0210 Obligations with profit participation - guaranteed benefits
R0220 Obligations with profit participation - future discretionary benefits
R0230 Index-linked and unit-linked insurance obligations
R0240 Other life (re)insurance and health (re)insurance obligations

2,557,474

R0250 Total capital at risk for all life (re)insurance obligations
Overall MCR calculation

133,644,800
C0070

R0300 Linear MCR

154,944

R0310 SCR

609,081R0320 MCR cap

274,086

R0330 MCR floor

152,270

R0340 Combined MCR

154,944

R0350 Absolute floor of the MCR
R0400 Minimum Capital Requirement

3,900
154,944