seb.ie | SEB · 2020. 4. 15. · Technical provisions calculated as a whole R0660 . Best Estimate...
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Transcript of seb.ie | SEB · 2020. 4. 15. · Technical provisions calculated as a whole R0660 . Best Estimate...
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S.02.01.02
Balance sheet Solvency II value
Assets C0010
Goodwill R0010
Deferred acquisition costs R0020
Intangible assets R0030 .
Deferred tax assets R0040 -
Pension benefit surplus R0050 .
Property, plant & equipment held for own use R0060 299,916.85
Investments (other than assets held for index-linked and unit-linked contracts) R0070 19,945,996.42
Property (other than for own use) R0080 .
Holdings in related undertakings, including participations R0090 .
Equities R0100 .
Equities - listed R0110 .
Equities - unlisted R0120 .
Bonds R0130 14,046,942.36
Government Bonds R0140 14,046,942.36
Corporate Bonds R0150 .
Structured notes R0160 .
Collateralised securities R0170 .
Collective Investments Undertakings R0180 5,899,054.06
Derivatives R0190 .
Deposits other than cash equivalents R0200 .
Other investments R0210 .
Assets held for index-linked and unit-linked contracts R0220 6,683,417,361.98
Loans and mortgages R0230 .
Loans on policies R0240 .
Loans and mortgages to individuals R0250 .
Other loans and mortgages R0260 .
Reinsurance recoverables from: R0270 .
Non-life and health similar to non-life R0280 .
Non-life excluding health R0290 .
Health similar to non-life R0300 .
Life and health similar to life, excluding health and index-linked and unit-linked R0310 .
Health similar to life R0320 .
Life excluding health and index-linked and unit-linked R0330 .
Life index-linked and unit-linked R0340 .
Deposits to cedants R0350 .
Insurance and intermediaries receivables R0360 11,959,481.15
Reinsurance receivables R0370 .
Receivables (trade, not insurance) R0380 3,334,464.53
Own shares (held directly) R0390 .
Amounts due in respect of own fund items or initial fund called up but not yet paid in R0400 -
Cash and cash equivalents R0410 54,280,927.63
Any other assets, not elsewhere shown R0420 .
Total assets R0500 6,773,238,148.56
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S.02.01.02
Balance sheet Solvency II value
Liabilities C0010
Technical provisions – non-life R0510 .
Technical provisions – non-life (excluding health) R0520 .
Technical provisions calculated as a whole R0530 .
Best Estimate R0540 .
Risk margin R0550 .
Technical provisions - health (similar to non-life) R0560 .
Technical provisions calculated as a whole R0570 .
Best Estimate R0580 .
Risk margin R0590 .
Technical provisions - life (excluding index-linked and unit-linked) R0600 .
Technical provisions - health (similar to life) R0610 .
Technical provisions calculated as a whole R0620 .
Best Estimate R0630 .
Risk margin R0640 .
Technical provisions – life (excluding health and index-linked and unit-linked) R0650 .
Technical provisions calculated as a whole R0660 .
Best Estimate R0670 .
Risk margin R0680 .
Technical provisions – index-linked and unit-linked R0690 6,528,399,723.89
Technical provisions calculated as a whole R0700 -
Best Estimate R0710 6,475,234,257.23
Risk margin R0720 53,165,466.66
Other technical provisions R0730 -
Contingent liabilities R0740 .
Provisions other than technical provisions R0750 12,689,623.94
Pension benefit obligations R0760 .
Deposits from reinsurers R0770 .
Deferred tax liabilities R0780 19,027,363.59
Derivatives R0790 .
Debts owed to credit institutions R0800 .
Financial liabilities other than debts owed to credit institutions R0810 .
Insurance & intermediaries payables R0820 21,893,109.52
Reinsurance payables R0830 12,813.20
Payables (trade, not insurance) R0840 5,758,360.90
Subordinated liabilities R0850 -
Subordinated liabilities not in Basic Own Funds R0860 .
Subordinated liabilities in Basic Own Funds R0870 -
Any other liabilities, not elsewhere shown R0880 .
Total liabilities R0900 6,587,780,995.04
Excess of assets over liabilities R1000 185,457,153.52
-
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R0
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R0
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R0
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R1
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R2
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R2
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R2
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01,7
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01,7
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9
Oth
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R2
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R2
60
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76.7
8
Tota
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R2
70
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59,8
48.5
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Lin
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lif
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bli
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Prem
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non
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of
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life
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s
C0
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C0
07
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C0
16
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01
60
C0
16
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60
C0
16
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01
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C0
16
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01
60
C0
16
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01
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C0
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01
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C0
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R0
01
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C0
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C0
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02
20
C0
23
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02
30
C0
23
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02
30
C0
23
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02
30
C0
23
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02
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C0
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02
30
C0
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02
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Prem
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Prem
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Gro
ss -
Dir
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sin
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R0
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ross
R1
41
0424,6
36,0
56.2
3177,5
17,4
64.8
063,5
77,1
72.0
234,7
10,7
94.8
326,1
65,0
10.8
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06,4
98.6
8
Gro
ss -
Pro
po
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ted
R
01
20
Rein
su
rers
' sh
are
R1
42
00.0
051,1
32.4
90.0
00.0
00.0
051,1
32.4
9
Gro
ss -
No
n-p
rop
ort
ion
al re
insu
ran
ce a
ccep
ted
R
01
30
Net
R1
50
00.0
0424,6
36,0
56.2
3177,4
66,3
32.3
163,5
77,1
72.0
234,7
10,7
94.8
326,1
65,0
10.8
0726,5
55,3
66.1
9
Rein
su
rers
' sh
are
R0
14
0P
rem
ium
s e
arn
ed
Net
R0
20
00.0
00.0
0 G
ross
R1
51
0424,6
36,0
56.2
3177,5
17,4
64.8
063,5
77,1
72.0
234,7
10,7
94.8
326,1
65,0
10.8
0726,6
06,4
98.6
8
Prem
ium
s e
arn
ed
Rein
su
rers
' sh
are
R1
52
00.0
051,1
32.4
90.0
00.0
00.0
051,1
32.4
9
Gro
ss -
Dir
ect
Bu
sin
ess
R0
21
0 N
et
R1
60
00.0
0424,6
36,0
56.2
3177,4
66,3
32.3
163,5
77,1
72.0
234,7
10,7
94.8
326,1
65,0
10.8
0726,5
55,3
66.1
9
Gro
ss -
Pro
po
rtio
nal re
insu
ran
ce a
ccep
ted
R
02
20
Cla
ims i
ncu
rred
Gro
ss -
No
n-p
rop
ort
ion
al re
insu
ran
ce a
ccep
ted
R
02
30
Gro
ss
R1
61
0371,2
88,0
66.8
1121,6
19,8
45.5
580,3
66,3
91.1
88,6
24,3
89.6
020,3
45,7
44.4
2602,2
44,4
37.5
6
Rein
su
rers
' sh
are
R0
24
0 R
ein
su
rers
' sh
are
R1
62
0
Net
R0
30
00.0
00.0
0 N
et
R1
70
00.0
0371,2
88,0
66.8
1121,6
19,8
45.5
580,3
66,3
91.1
88,6
24,3
89.6
020,3
45,7
44.4
2602,2
44,4
37.5
6
Cla
ims i
ncu
rred
Ch
an
ges i
n o
ther t
ech
nic
al
provi
sio
ns
Gro
ss -
Dir
ect
Bu
sin
ess
R0
31
0 G
ross
R1
71
089,8
62,2
70.4
447,7
68,0
67.6
821,6
37,2
61.5
24,8
01,2
94.3
95,7
13,0
20.8
8169,7
81,9
14.9
1
Gro
ss -
Pro
po
rtio
nal re
insu
ran
ce a
ccep
ted
R
03
20
Rein
su
rers
' sh
are
R1
72
0
Gro
ss -
No
n-p
rop
ort
ion
al re
insu
ran
ce a
ccep
ted
R
03
30
Net
R1
80
00.0
089,8
62,2
70.4
447,7
68,0
67.6
821,6
37,2
61.5
24,8
01,2
94.3
95,7
13,0
20.8
8169,7
81,9
14.9
1
Rein
su
rers
' sh
are
R0
34
0E
xpen
ses i
ncu
rred
R1
90
05,3
19,9
41.5
04,6
51,4
67.1
91,1
74,7
60.4
2252,3
46.6
61,1
99,5
65.3
212,5
98,0
81.0
9
Net
R0
40
00.0
00.0
0O
ther e
xpen
ses
R2
50
0
Ch
an
ges i
n o
ther t
ech
nic
al
provi
sio
ns
Tota
l expen
ses
R2
60
012,5
98,0
81.0
9
Gro
ss -
Dir
ect
Bu
sin
ess
R0
41
0
Gro
ss -
Pro
po
rtio
nal re
insu
ran
ce a
ccep
ted
R0
42
0
Gro
ss -
No
n-
pro
po
rtio
nal re
insu
ran
ce a
ccep
ted
R0
43
0
Rein
su
rers
'sh
are
R0
44
0
Net
R0
50
00.0
00.0
0
Expen
ses i
ncu
rred
R0
55
0
Oth
er e
xpen
ses
R1
20
0
Tota
l expen
ses
R1
30
0
Cou
ntr
y (
by a
mou
nt
of
gross p
rem
ium
s
writ
ten
) -
non
-lif
e
obli
gati
on
s
Cou
ntr
y (
by a
mou
nt
of
gross p
rem
ium
s w
rit
ten
) -
life
obli
gati
on
s
-
Con
tracts
wit
hou
t opti
on
s
an
d g
uaran
tees
Con
tracts
wit
h o
pti
on
s o
r
gu
aran
tees
Con
tracts
wit
hou
t opti
on
s
an
d g
uaran
tees
Con
tracts
wit
h o
pti
on
s o
r
gu
aran
tees
Con
tracts
wit
hou
t
opti
on
s a
nd
gu
aran
tees
Con
tracts
wit
h
opti
on
s o
r
gu
aran
tees
Tech
nic
al p
rov
isio
ns c
alc
ula
ted
as a
wh
ole
To
tal R
eco
vera
ble
s f
rom
rein
su
ran
ce/S
PV
an
d F
init
e R
e a
fter
the a
dju
stm
en
t fo
r
exp
ecte
d lo
sses d
ue t
o c
ou
nte
rpart
y d
efa
ult
asso
cia
ted
to
TP
calc
ula
ted
as a
wh
ole
Tech
nic
al p
rov
isio
ns c
alc
ula
ted
as a
su
m o
f B
E a
nd
RM
Best
Esti
mate
Gro
ss B
est
Esti
mate
To
tal R
eco
vera
ble
s f
rom
rein
su
ran
ce/S
PV
an
d F
init
e R
e a
fter
the a
dju
stm
en
t fo
r
exp
ecte
d lo
sses d
ue t
o c
ou
nte
rpart
y d
efa
ult
Best
esti
mate
min
us r
eco
vera
ble
s f
rom
rein
su
ran
ce/S
PV
an
d F
init
e R
e —
to
tal
Ris
k M
arg
in
Am
ou
nt
of
the t
ran
sit
ion
al o
n T
ech
nic
al P
rov
isio
ns
Tech
nic
al P
rov
isio
ns c
alc
ula
ted
as a
wh
ole
Best
esti
mate
Ris
k m
arg
in
Tech
nic
al p
rov
isio
ns —
to
tal
Con
tracts
wit
hou
t opti
on
s
an
d g
uaran
tees
Con
tracts
wit
h o
pti
on
s o
r
gu
aran
tees
Tech
nic
al p
rov
isio
ns c
alc
ula
ted
as a
wh
ole
To
tal R
eco
vera
ble
s f
rom
rein
su
ran
ce/S
PV
an
d F
init
e R
e a
fter
the a
dju
stm
en
t fo
r
exp
ecte
d lo
sses d
ue t
o c
ou
nte
rpart
y d
efa
ult
asso
cia
ted
to
TP
calc
ula
ted
as a
wh
ole
Tech
nic
al p
rov
isio
ns c
alc
ula
ted
as a
su
m o
f B
E a
nd
RM
Best
Esti
mate
Gro
ss B
est
Esti
mate
To
tal R
eco
vera
ble
s f
rom
rein
su
ran
ce/S
PV
an
d F
init
e R
e a
fter
the a
dju
stm
en
t fo
r
exp
ecte
d lo
sses d
ue t
o c
ou
nte
rpart
y d
efa
ult
Best
esti
mate
min
us r
eco
vera
ble
s f
rom
rein
su
ran
ce/S
PV
an
d F
init
e R
e —
to
tal
Ris
k M
arg
in
Am
ou
nt
of
the t
ran
sit
ion
al o
n T
ech
nic
al P
rov
isio
ns
Tech
nic
al P
rov
isio
ns c
alc
ula
ted
as a
wh
ole
Best
esti
mate
Ris
k m
arg
in
Tech
nic
al p
rov
isio
ns —
to
tal
Lif
e a
nd H
ealt
h S
LT
Tech
nic
al P
rovis
ions
Healt
h i
nsu
ran
ce (
dir
ect
bu
sin
ess)
An
nu
itie
s s
tem
min
g f
rom
non
-lif
e i
nsu
ran
ce
con
tracts
an
d r
ela
tin
g t
o
healt
h i
nsu
ran
ce
obli
gati
on
s
Healt
h r
ein
su
ran
ce
(rein
su
ran
ce a
ccepte
d)
Tota
l (H
ealt
h s
imil
ar t
o
life
in
su
ran
ce)
Healt
h i
nsu
ran
ce (
dir
ect
bu
sin
ess)
An
nu
itie
s s
tem
min
g
from
non
-lif
e
insu
ran
ce c
on
tracts
an
d r
ela
tin
g t
o
healt
h i
nsu
ran
ce
obli
gati
on
s
Healt
h
rein
su
ran
ce
(rein
su
ran
ce
accepte
d)
Tota
l (H
ealt
h
sim
ilar t
o l
ife
insu
ran
ce)
Insu
ran
ce w
ith
profi
t
parti
cip
ati
on
Index-l
ink
ed a
nd u
nit
-lin
ked i
nsu
ran
ce
Oth
er l
ife i
nsu
ran
ce
An
nu
itie
s s
tem
min
g f
rom
non
-lif
e i
nsu
ran
ce c
on
tracts
an
d r
ela
tin
g t
o i
nsu
ran
ce
obli
gati
on
oth
er t
han
healt
h
insu
ran
ce o
bli
gati
on
s
Accepte
d r
ein
su
ran
ce
Tota
l (L
ife o
ther t
han
healt
h i
nsu
ran
ce, in
cl.
Un
it-L
ink
ed)
-
S.23.01.01
Own funds
TotalTier 1 -
unrestricted Tier 1 - restricted Tier 2 Tier 3
C0010 C0020 C0030 C0040 C0050
Basic own funds before deduction for participations in other financial sector as foreseen
in article 68 of Delegated Regulation 2015/35
Ordinary share capital (gross of own shares) R0010 1,635,307.00 1,635,307.00 0.00
Share premium account related to ordinary share capital R0030 2,964,011.00 2,964,011.00 0.00
Iinitial funds, members' contributions or the equivalent basic own - fund item for mutual and
mutual-type undertakings R0040 0.00 0.00 0.00
Subordinated mutual member accounts R0050 0.00 0.00 0.00 0.00
Surplus funds R0070 0.00 0.00
Preference shares R0090 0.00 0.00 0.00 0.00
Share premium account related to preference shares R0110 0.00 0.00 0.00 0.00
Reconciliation reserve R0130 155,857,835.52 155,857,835.52
Subordinated liabilities R0140 0.00 0.00 0.00 0.00
An amount equal to the value of net deferred tax assets R0160 0.00 0.00
Other own fund items approved by the supervisory authority as basic own funds not specified
above R0180 0.00 0.00 0.00 0.00 0.00
Own funds from the financial statements that should not be represented by the
reconciliation reserve and do not meet the criteria to be classified as Solvency II own
funds
Own funds from the financial statements that should not be represented by the reconciliation
reserve and do not meet the criteria to be classified as Solvency II own fundsR0220
Deductions
Deductions for participations in financial and credit institutions R0230 . . . .
Total basic own funds after deductions R0290 160,457,153.52 160,457,153.52 0.00 0.00 0.00
Ancillary own funds
Unpaid and uncalled ordinary share capital callable on demand R0300 . .
Unpaid and uncalled initial funds, members' contributions or the equivalent basic own fund item
for mutual and mutual - type undertakings, callable on demandR0310 . .
Unpaid and uncalled preference shares callable on demand R0320 . . .
A legally binding commitment to subscribe and pay for subordinated liabilities on demand R0330 . . .
Letters of credit and guarantees under Article 96(2) of the Directive 2009/138/EC R0340 . .
Letters of credit and guarantees other than under Article 96(2) of the Directive 2009/138/EC R0350 . . .
Supplementary members calls under first subparagraph of Article 96(3) of the Directive
2009/138/ECR0360 . .
Supplementary members calls - other than under first subparagraph of Article 96(3) of the
Directive 2009/138/ECR0370 . . .
Other ancillary own funds R0390 . . .
TotalTier 1 -
unrestricted Tier 1 - restricted Tier 2 Tier 3
C0010 C0020 C0030 C0040 C0050
Total ancillary own funds R0400 . . .
Available and eligible own funds
Total available own funds to meet the SCR R0500 160,457,153.52 160,457,153.52 0.00 0.00 0.00
Total available own funds to meet the MCR R0510 160,457,153.52 160,457,153.52 0.00 0.00
Total eligible own funds to meet the SCR R0540 160,457,153.52 160,457,153.52 0.00 0.00 0.00
Total eligible own funds to meet the MCR R0550 160,457,153.52 160,457,153.52 0.00 0.00
SCR R0580 93,979,530.74
MCR R0600 42,290,788.83
Ratio of Eligible own funds to SCR R0620 1.71
Ratio of Eligible own funds to MCR R0640 3.79
C0060
Reconciliation reserve
Excess of assets over liabilities R0700 185,457,153.52
Own shares (held directly and indirectly) R0710 .
Foreseeable dividends, distributions and charges R0720 25,000,000.00
Other basic own fund items R0730 4,599,318.00
Adjustment for restricted own fund items in respect of matching adjustment portfolios and ring
fenced fundsR0740 0.00
Reconciliation reserve R0760 155,857,835.52
Expected profits
Expected profits included in future premiums (EPIFP) - Life business R0770
Expected profits included in future premiums (EPIFP) - Non- life business R0780
Total Expected profits included in future premiums (EPIFP) R0790
-
S.25.01.21
Solvency Capital Requirement — for undertakings on Standard Formula
Gross solvency
capital requirementUSP Simplifications
C0110 C0090 C0100
Market risk R0010 65,315,620.30
Counterparty default risk R0020 10,710,964.52
Life underwriting risk R0030 63,199,013.26 63,199,013.26 0.00
Health underwriting risk R0040 . . .
Non-life underwriting risk R0050 . . .
Diversification R0060 (33,740,198.57)
Intangible asset risk R0070 .
Basic Solvency Capital Requirement R0100 105,485,399.51
Calculation of Solvency Capital Requirement C0100
Operational risk R0130 1,919,775.37
Loss-absorbing capacity of technical provisions R0140 0.00
Loss-absorbing capacity of deferred taxes R0150 (13,425,644.14)
Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC R0160 .
Solvency capital requirement excluding capital add-on R0200 93,979,530.74
Capital add-on already set R0210 .
Solvency capital requirement R0220 93,979,530.74
Other information on SCR
Capital requirement for duration-based equity risk sub-module R0400 0.00
Total amount of Notional Solvency Capital Requirement for remaining part R0410 .
Total amount of Notional Solvency Capital Requirements for ring fenced funds R0420 .
Total amount of Notional Solvency Capital Requirements for matching adjustment portfolios R0430 0.00
Diversification effects due to RFF nSCR aggregation for article 304 R0440 0.00
-
S.28.01.01
Minimum Capital Requirement - Only life or only non-life insurance or reinsurance activity
Linear formula component for non-life insurance and reinsurance obligations
C0010
MCRNL Result R0010 .
Net (of reinsurance/SPV) best
estimate and TP calculated as a
whole provisions
Net (of reinsurance) written
premiums in the last 12 months
C0020 C0030
Medical expenses and proportional reinsurance R0020 . .
Income protection insurance and proportional reinsurance R0030 . .
Workers' compensation insurance and proportional reinsurance R0040 . .
Motor vehicle liability insurance and proportional reinsurance R0050 . .
Other motor insurance and proportional reinsurance R0060 . .
Marine, aviation and transport insurance and proportional reinsurance R0070 . .
Fire and other damage to property insurance and proportional reinsurance R0080 . .
General liability insurance and proportional reinsurance R0090 . .
Credit and suretyship insurance and proportional reinsurance R0100 . .
Legal expenses insurance and proportional reinsurance R0110 . .
Assistance and proportional reinsurance R0120 . .
Miscellaneous financial loss insurance and proportional reinsurance R0130 . .
Non-proportional health reinsurance R0140 . .
Non-proportional casualty reinsurance R0150 . .
Non-proportional marine, aviation and transport reinsurance R0160 . .
Non-proportional property reinsurance R0170 . .
Linear formula component for life insurance and reinsurance obligations
C0040
MCRL Result R0200 45,349,958.86
Net (of reinsurance/SPV) best
estimate and TP calculated as a
whole provisions
Net (of reinsurance/SPV) total
capital at risk
C0050 C0060
Obligations with profit participation - guaranteed benefits R0210 0.00
Obligations with profit participation - future discretionary benefits R0220 0.00
Index-linked and unit-linked insurance obligations R0230 6,475,234,257.23
Other life (re)insurance and health (re)insurance obligations R0240 0.00
Total capital at risk for all life (re)insurance obligations R0250 33,312,947.56
Overall MCR calculation C0070
Linear MCR R0300 45,349,958.86
SCR R0310 93,979,530.74
MCR cap R0320 42,290,788.83
MCR floor R0330 23,494,882.69
Combined MCR R0340 42,290,788.83
Absolute floor of the MCR R0350 3,700,000.00
Minimum Capital Requirement R0400 42,290,788.83
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