Draft for consultation as part of CP18/16, available at:

Transcription

1 Draft for consultation as part of CP18/16, available at: Form 1 Statement of solvency general insurance business Global business/uk branch business/eea branch business Financial ended Solo solvency calculation / Adjusted solo solvency calculation Capital resources Company GL/ registration UK/ CM day month units R1 000 Capital resources arising outside the long-term insurance fund Capital resources allocated towards long-term insurance business arising outside the long-term insurance fund Capital resources available to cover general insurance business capital resources requirement (11-12) Guarantee fund Guarantee fund requirement 21 Excess (deficiency) of available capital resources to cover guarantee fund requirement 22 Capital resources requirement (CR Requirements) General insurance capital requirement 31 Base capital resources requirement 33 Individual minimum capital requirement 34 Capital requirements of regulated related undertakings 35 Capital resources requirement 36 Excess (deficiency) of available capital resources to cover 50% of CR Requirements 37 Excess (deficiency) of available capital resources to cover 75% of CR Requirements 38 CR requirement 41 Excess (deficiency) of available capital resources to 42 cover general insurance business CR Requirement (13-41) Contingent liabilities As at end of this financial 1 As at end of the previous 2 Quantifiable contingent liabilities in respect of other than long-term insurance business as shown in a supplementary note to Form 15 51

2 Statement of solvency long-term insurance business Form 2 Global business/uk branch business/eea branch business Financial ended Solo solvency calculation / Adjusted solo solvency calculation Company GL/ registration UK/ day month units CM R2 000 Capital resources Capital resources arising within the long-term insurance fund Capital resources allocated towards long-term insurance business arising outside the long-term insurance fund Capital resources available to cover long-term insurance business capital resources requirement (11+12) Guarantee fund Guarantee fund requirement 21 Excess (deficiency) of available capital resources to cover guarantee fund requirement 22 Capital resources requirement (CR Requirements) Long-term insurance capital requirement (incl. resilience capital requirement) 31 Resilience capital requirement 32 Base capital resources requirement 33 Individual minimum capital requirement 34 Capital requirements of regulated related undertakings 35 Capital resources requirement 36 Excess (deficiency) of available capital resources to cover 50% of CR Requirements 37 Excess (deficiency) of available capital resources to cover 75% of CR Requirements 38 Enhanced capital requirement With-profits insurance capital component 39 Enhanced capital requirement As at end of this financial 1 As at end of the previous 2 CR Requirement 41 Excess (deficiency) of available capital resources to 42 cover long-term insurance business CR Requirement (13-41) Contingent liabilities Quantifiable contingent liabilities in respect of longterm insurance business as shown in a supplementary note to Form

3 Form 3 Components of capital resources (Sheet 1) Global business Financial ended Company GL/ registration UK/ day month units CM R3 000 Core tier one capital Permanent share capital 11 Profit and loss account and other Reserves 12 Share premium account 13 Positive valuation differences 14 Fund for future appropriations 15 Core tier one capital in related Undertakings 16 Core tier one capital (sum of 11 to 16) 19 Tier one waivers Unpaid share capital / unpaid initial funds and calls for supplementary contributions 21 Implicit items 22 Tier one waivers in related undertakings 23 Total tier one waivers as restricted ( ) 24 Other tier one capital Perpetual non-cumulative preference shares as restricted 25 Perpetual non-cumulative preference shares in related undertakings 26 Innovative tier one capital as restricted 27 Innovative tier one capital in related Undertakings 28 Total tier one capital before deductions ( ) 31 Investments in own shares 32 Intangible assets 33 Amounts deducted from technical provisions for discounting 34 Other negative valuation differences 35 Deductions in related undertakings 36 Deductions from tier one (32 to 36) 37 Total tier one capital after deductions (31-37) 39 General insurance business 1 Long-term insurance business 2 3 Total as at the end of this financial 1 Total as at the end of the previous 4

4 Form 3 Components of capital resources (Sheet 2) Global business Financial ended Tier two capital Company GL/ registration UK/ day month units CM R3 000 Implicit items, (tier two waivers and amounts excluded from line 22) 41 Perpetual non-cumulative preference shares excluded from line Innovative tier one capital excluded from line Tier two waivers, innovative tier one capital and perpetual non-cumulative 44 preference shares treated as tier two capital (41 to 43) Perpetual cumulative preference shares 45 Perpetual subordinated debt and Securities 46 Upper tier two capital in related Undertakings 47 Upper tier two capital (44 to 47) 49 General insurance business 1 Long-term insurance business 2 3 Total as at the end of this financial Total as at the end of the previous 4 Fixed term preference shares 51 Other tier two instruments 52 Lower tier two capital in related Undertakings 53 Lower tier two capital ( ) 59 Total tier two capital before restrictions (49+59) 61 Excess tier two capital 62 Further excess lower tier two capital 63 Total tier two capital after restrictions, before deductions ( ) 69

5 Form 3 Components of capital resources (Sheet 3) Global business Financial ended Total capital resources Company GL/ registration UK/ day month units CM R3 000 Positive adjustments for regulated noninsurance related undertakings 71 Total capital resources before deductions ( ) 72 Inadmissible assets other than intangibles and own shares 73 Assets in excess of market risk and counterparty limits 74 Deductions for related ancillary services undertakings 75 Deductions for regulated non-insurance related undertakings 76 Deductions of ineligible surplus capital 77 Total capital resources after deductions ( ) 79 Available capital resources for CR Requirements tests Available capital resources for guarantee fund requirement Available capital resources for 50% CR Requirements Requirement Available capital resources for 75% CR Requirements Requirement Financial engineering adjustments Implicit items 91 Financial reinsurance ceded 92 Financial reinsurance accepted 93 Outstanding contingent loans 94 Any other charges on future profits 95 Sum of financial engineering adjustments ( ) 96 General insurance business Long-term Total as at insurance the end of business this financial Total as at the end of the previous

6 Statement of net assets Form 10 UK branch business/eea branch business Financial ended Company GL/ registration UK/ day month units CM R Long term insurance business - admissible assets 11 Long term insurance business - liabilities and margins 12 As at end of this financial 1 As at end of the previous 2 Other than long term insurance business - admissible assets 21 Other than long term insurance business liabilities 22 Net admissible assets (21-22) 23 Movement of balance of net admissible assets as per line 23 Balance brought forward at the beginning of the financial 61 Retained profit / (loss) for the financial 62 Movement in asset valuation differences 63 Decrease (increase) in the provision for "reasonably foreseeable adverse variations" 64 Other movements (particulars to be specified by way of supplementary note) 65 Balance carried forward at the end of the financial (61 to 65) 69

7 Calculation of general insurance capital requirement premiums amount and brought forward amount Form 11 Global business / UK branch business / EEA branch business Financial ended General/long-term insurance business Gross premiums written Premium taxes and levies (included in line 11) Premiums written net of taxes and levies (11-12) Premiums for classes 11, 12 or 13 (included in line 13) Premiums for "actuarial health insurance" (included in line 13) Sub-total A (13 + ½ 14-2 / 15) Gross premiums earned Premium taxes and levies (included in line 21) Premiums earned net of taxes and levies (21-22) 3 Premiums for classes 11, 12 or 13 (included in line 23) Premiums for "actuarial health insurance" (included in line 23) Sub-total H (23 + ½ 24-2 / 25) Sub-total I (higher of sub-total A and sub-total H) 3 Company GL/ registration UK/ day month units R This financial 1 Previous 2 Adjusted sub-total I if financial is not a 12 month period to produce an annual figure 31 Division of gross adjusted premiums amount: x sub-total I Sub-total J (32-33) Claims paid in period of 3 financial s Claims outstanding brought forward at the beginning of the 3 period Claims outstanding brought forward at the beginning of the 3 period Sub-total C ( ) For insurance business accounted for on an underwriting basis For insurance business accounted for on an accident basis For insurance business accounted for on an underwriting basis For insurance business accounted for on an accident basis Amounts recoverable from reinsurers in respect of claims included in Sub-total C Sub-total D (46-47) Reinsurance ratio (Sub-total D / sub-total C or, if more, 0.50 or, if less, 1.00) Premiums amount (Sub-total J x reinsurance ratio) Provision for claims outstanding (before discounting and net of reinsurance) Provision for claims outstanding (before discounting and gross of reinsurance) if both 51.1 and 51.2 are zero, otherwise zero. Brought forward amount (See instruction 4) Greater of lines 50 and

8 Calculation of general insurance capital requirement claims amount and result Form 12 Global business / UK branch business / EEA branch business Financial ended General/long-term insurance business Company GL/ registration UK/ day month units R This financial 1 Previous 2 Reference period (No. of months) See Insurance Company Capital Resources 9.4 Claims paid in reference period Claims outstanding carried forward at the end of the reference period Claims outstanding brought forward at the beginning of the reference period Claims incurred in reference period ( ) For insurance business accounted for on an underwriting basis For insurance business accounted for on an accident basis For insurance business accounted for on an underwriting basis For insurance business accounted for on an accident basis Claims incurred for classes 11, 12 or 13 (included in 26) Claims incurred for "actuarial health insurance" (included in 26) Sub-total E (26 + ½ 27 2 / 3 28) Sub-total F Conversion of sub-total E to annual figure (multiply by 12 and divide by of months in the reference period) Sub-total F Sub-total G (32-33) x 0.26 Claims amount Sub-total G x reinsurance ratio (11.49) Higher of premiums amount and brought forward amount (11.54) General insurance capital requirement (higher of lines 41 and 42)

9 Form 13 Analysis of admissible assets (Sheet 1) Global business/uk branch business/eea branch business Financial ended Category of assets Company GL/ registration UK/ day month units CM R Land and buildings 11 Investments in affiliated companies Shares 21 UK insurance dependants debts and loans 22 Other insurance dependants Non- insurance dependants Other group undertakings Participating interests Shares 23 debts and loans 24 Shares 25 debts and loans 26 Shares 27 debts and loans 28 Shares 29 debts and loans 30 Other financial investments Equity shares 41 Other shares and other variable yield participations 42 Holdings in collective investment schemes 43 Rights under derivative contracts 44 Fixed interest securities Variable interest securities Approved 45 Other 46 Approved 47 Other 48 Participation in investment pools 49 Loans secured by mortgages 50 Loans to public or local authorities and nationalised industries or undertakings 51 Loans secured by policies of insurance issued by the company 52 Other loans 53 One month or less withdrawal 54 Bank and approved credit & financial institution deposits More than one month Withdrawal 55 Other financial investments 56 As at end of this financial 1 Category of assets As at end of the previous 2.

10 Form 13 Analysis of admissible assets (Sheet 2) Global business/uk branch business/eea branch business Financial ended Category of assets Company GL/ registration UK/ day month units CM R Deposits with ceding undertakings 57 Assets held to match linked Index linked 58 liabilities Property linked 59 Reinsurers' share of technical provisions Provision for unearned premiums 60 Claims outstanding 61 Provision for unexpired risks 62 Other 63 Debtors and salvage Direct insurance business Policyholders 71 Intermediaries 72 Salvage and subrogation recoveries 73 Reinsurance Dependants Other Accepted 74 Ceded 75 due in 12 months or less 76 due in more than 12 months 77 due in 12 months or less 78 due in more than 12 months 79 Other assets Tangible assets 80 Deposits not subject to time restriction on withdrawal with approved institutions 81 Cash in hand 82 Other assets (particulars to be specified by way of supplementary note) 83 Accrued interest and rent 84 Deferred acquisition costs (general business only) 85 Other prepayments and accrued income 86 As at end of this financial 1 Category of assets As at end of the previous 2 Deductions from the aggregate value of assets 87 Grand total of admissible assets after deduction of admissible assets in excess of market risk and counterparty limits (11 to 86 less 87) 89

11 Form 13 Analysis of admissible assets (Sheet 3) Global business/uk branch business/eea branch business Financial ended Category of assets Company GL/ registration UK/ day month units CM R Reconciliation to asset values determined in accordance with the insurance accounts rules or international accounting standards as applicable to the firm for the purpose of its external financial reporting Total admissible assets after deduction of admissible assets 91 in excess of market risk and counterparty limits (as per line 89 above) Admissible assets in excess of market and counterparty limits 92 Inadmissible assets directly held 93 Capital resources requirement deduction for investment in affiliated companies 94 Restricted assets for investment in affiliated companies that are insurance undertakings 95 Inadmissible assets of affiliated companies 96 Book value of related ancillary services undertakings 97 Other differences in the valuation of assets (other than for assets not valued above) 98 Deferred acquisition costs excluded from line Reinsurers' share of technical provisions excluded from line Other asset adjustments (may be negative) 101 Total assets determined in accordance with the insurance accounts rules or international accounting standards as applicable to the firm for the purpose of its external financial reporting (91 to 101) 102 As at end of this financial 1 Category of assets As at end of the previous 2 Amounts included in line 89 attributable to debts due from related insurers, other than those under contracts of insurance or reinsurance 103

12 Long term insurance business liabilities and margins Form 14 Global business/uk branch business/eea branch business Financial ended Total business / subfund Units Mathematical reserves, after distribution of surplus 11 Cash bonuses which had not been paid to policyholders prior to end of the financial 12 Balance of surplus / (valuation deficit) 13 Long term insurance business fund carried forward (11 to 13) 14 Gross 15 Claims outstanding Reinsurers' share 16 Provisions Net (15-16) 17 Taxation 21 Other risks and charges 22 Deposits received from reinsurers 23 Creditors Debenture loans Direct insurance business 31 Reinsurance accepted 32 Reinsurance ceded 33 Secured 34 Unsecured 35 Amounts owed to credit institutions 36 Creditors Taxation 37 Other 38 Accruals and deferred income 39 Provision for "reasonably foreseeable adverse variations" 41 Total other insurance and non-insurance liabilities (17 to 41) 49 Excess of the value of net admissible assets 51 Total liabilities and margins 59 As at end of this financial 1 As at end of the previous 2 Amounts included in line 59 attributable to liabilities to related companies, other than those under contracts of insurance or reinsurance 61 Amounts included in line 59 attributable to liabilities in respect of property linked benefits 62 Total liabilities ( ) 71 Increase to liabilities DAC related 72 Reinsurers' share of technical provisions 73 Other adjustments to liabilities (may be negative) 74 Capital and reserves and fund for future appropriations 75 Total liabilities under insurance accounts rules or international accounting standards as applicable to the firm for the purpose of its external financial reporting (71 to 75) 76

13 Liabilities (other than long term insurance business) Form 15 Global business/uk branch business/eea branch business Financial ended Technical provisions (gross amount) Provisions for unearned premiums 11 Claims outstanding 12 Provision for unexpired risks 13 Equalisation provisions Company GL/ registration UK/ day month units CM R Credit business 14 Other than credit business 15 Other technical provisions 16 Total gross technical provisions (11 to 16) 19 Provisions and creditors Provisions Taxation 21 Other risks and charges 22 Deposits received from reinsurers 31 Creditors Debenture loans Direct insurance business 41 Reinsurance accepted 42 Reinsurance ceded 43 Secured 44 Unsecured 45 Amounts owed to credit institutions 46 Creditors Taxation 47 Foreseeable dividend 48 Other 49 Accruals and deferred income 51 Total (19 to 51) 59 Provision for "reasonably foreseeable adverse variations" 61 Cumulative preference share capital 62 Subordinated loan capital 63 Total (59 to 63) 69 As at end of this financial 1 As at end of the previous 2 Amounts included in line 69 attributable to liabilities to related insurers, other than those under contracts of insurance or reinsurance 71 Amounts deducted from technical provisions for discounting 82 Other adjustments (may be negative) 83 Capital and reserves 84 Total liabilities under insurance accounts rules or international accounting standards as applicable to the firm for the purpose of its external financial reporting ( ) 85

14 Profit and loss account (non-technical account) Form 16 Global business/uk branch business/eea branch business Financial ended Company GL/ registration UK/ day month units CM R Transfer (to) / from the general insurance business technical account From Form Equalisation provisions 12 Transfer from the long term insurance business revenue account Income 14 Investment income Value re-adjustments on investments 15 Gains on the realisation of investments 16 Investment management charges, including interest 17 Investment charges Value re-adjustments on investments 18 Loss on the realisation of investments 19 Allocated investment return transferred to the general insurance business technical account 20 Other income and charges (particulars to be specified by way of supplementary note) 21 Profit or loss on ordinary activities before tax ( ) 29 Tax on profit or loss on ordinary activities 31 Profit or loss on ordinary activities after tax (29-31) 39 Extraordinary profit or loss (particulars to be specified by way of supplementary note) 41 Tax on extraordinary profit or loss 42 Other taxes not shown under the preceding items 43 Profit or loss for the financial (39+41-(42+43)) 49 Dividends (paid or foreseeable) 51 Profit or loss retained for the financial (49-51) This financial 1 Previous 2

15 Form 17 Analysis of derivative contracts Global business/uk branch business/eea branch business Financial ended Category of assets Company GL/ registration UK/ day month units CM R Derivative contracts Futures and contracts for differences In the money options Out of the money options Fixed-interest securities 11 Interest rates 12 Inflation 13 Credit index / basket 14 Credit single name 15 Equity index 16 Equity stock 17 Land 18 Currencies 19 Mortality 20 Other 21 Swaptions 31 Equity index calls 32 Equity stock calls 33 Equity index puts 34 Equity stock puts 35 Other 36 Swaptions 41 Equity index calls 42 Equity stock calls 43 Equity index puts 44 Equity stock puts 45 Other 46 Total (11 to 46) 51 Adjustment for variation margin 52 Total ( ) 53 Value as at the end of this financial Assets 1 Liabilities 2 Category of assets Notional amount as at the end of this financial Bought / Long 3 Sold / Short 4

16 General insurance business - summary of business carried on Form 20A Sheet 1 Global business/uk branch business/eea branch business Financial ended Category Company GL/ registratio UK/ R20A n CM day month units 0 00 PRA return general insurance business reporting category Gross premium written in this financial Provision for undiscounted gross claims outstanding at the end of this financial Reported Incurred but not reported Provision for gross unearned premium at the end of this financial 001 Total business Total primary (direct) and facultative business Total treaty reinsurance accepted business Total primary (direct) and facultative accident and health (category s 111 to 114) Total primary (direct) and facultative personal lines motor business (category s 121 to 123) Primary (direct) and facultative household and domestic all risks 180 Total primary (direct) and facultative personal lines financial loss (category s 181 to 187) 220 Total primary (direct) and facultative commercial motor business (category s 221 to 223) 260 Total primary (direct) and facultative commercial lines property (category s 261 to 263) 270 Total primary (direct) and facultative commercial lines liability business (category s 271 to 274) Total primary (direct) and facultative commercial lines financial loss (category s 281 to 284) 330 Total primary (direct) and facultative aviation (category s 331 to 333) 340 Total primary (direct) and facultative marine (category s 341 to 347) 350 Total primary (direct) and facultative goods in transit Miscellaneous primary (direct) and facultative business Total non-proportional treaty reinsurance business accepted (category s 510 to 590) 600 Total proportional treaty reinsurance business accepted (category s 610 to 690) 700 Miscellaneous treaty reinsurance accepted business 18 TOTAL (lines 4 to 18)

17 Form 20A General insurance business summary of business carried on Sheet 2 Global business/uk branch business/eea branch business Financial ended Categor y Company registration GL/ UK/ R20A CM day month units 000 PRA return general insurance business reporting category Gross premium written in this financial Provision for undiscounted gross claims outstanding at the end of this financial Reported Incurred but not reported Provision for gross unearned premium at the end of this financial PRIMARY (DIRECT) and FACULTATIVE PERSONAL LINES BUSINESS 111 Medical insurance HealthCare cash plans Travel Personal accident or sickness Private motor comprehensive Private motor non-comprehensive Motor cycle Household and domestic all risks (equals line 6) Assistance Creditor Extended warranty Legal expenses Mortgage indemnity Pet insurance Other personal financial loss PRIMARY (DIRECT) and FACULTATIVE COMMERCIAL LINES BUSINESS 221 Fleets Commercial vehicles (non-fleet) Motor other Commercial property Consequential loss Contractors or engineering all risks Employers liability Professional indemnity Public and products liability Mixed commercial package Fidelity and contract guarantee Credit Suretyship Commercial contingency 54

18 Form 20A General insurance business summary of business carried on Sheet 3 Global business/uk branch business/ Financial ended Company Registration GL/ UK/ CM day month units Category R20A 000 PRA return general insurance business reporting category Gross premium written in this financial Provision for undiscounted gross claims outstanding at the end of this financial Reported Incurred but not reported Provision for gross unearned premium at the end of this financial PRIMARY (DIRECT) and FACULTATIVE: AVIATION, MARINE and TRANSPORT Aviation liability Aviation hull Space and satellite Marine liability Marine hull Energy (on and off-shore) Protection and indemnity Freight demurrage and defence War risks Yacht Total primary (direct) and facultative goods in transit (equals line 14) PRIMARY (DIRECT) and FACULTATIVE: MISCELLANEOUS 400 Miscellaneous primary (direct) and facultative business NON-PROPORTIONAL (equals line TREATY 15) 510 Non-proportional accident & health Non-proportional motor Non-proportional aviation Non-proportional marine Non-proportional transport Non-proportional property Non-proportional liability (non-motor) Non-proportional financial lines Non-proportional aggregate cover 89 PROPORTIONAL TREATY 610 Proportional accident & health Proportional motor Proportional aviation Proportional marine Proportional transport Proportional property Proportional liability (non-motor) Proportional financial lines Proportional aggregate cover TREATY REINSURANCE: MISCELLANEOUS 700 Miscellaneous treaty reinsurance accepted business (equals line 18) 101 Total (lines 21 to 101) 111

19 General insurance business: Technical account Form 20 Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Items to be shown net of reinsurance This s underwriting (accident accounting) Adjustment for prior s underwriting (accident accounting) Balance from underwriting accounting Company GL/ registration UK/ day month units CM R Earned premium ( ) 11 Claims incurred ( ) 12 Claims management costs ( ) 13 Adjustment for discounting ( ) 14 Increase in provision for unexpired risks ( ) Other technical income or charges (particulars to be specified by way of supplementary note) Net operating expenses ( ) 17 Balance of 's underwriting ( ) 19 Earned premium ( ) 21 Claims incurred ( ) 22 Claims management costs ( ) 23 Adjustment for discounting ( ) 24 Other technical income or charges (particulars to be specified by way of supplementary note) 25 Net operating expenses ( ) 26 Balance ( ) 29 Per Form 24 ( ) 31 Other technical income and charges (particulars to be specified by way of supplementary note) 32 Total 39 Balance of all s underwriting ( ) 49 Allocated investment income 51 Transfer to non-technical account (49+51) 59 This financial 1 Category Previous 2

20 General insurance business (accident accounting): Form 21 Analysis of premiums Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Premiums receivable during the financial In respect of risk incepted in previous financial s In respect of risk incepted in previous financial s In respect of risks incepted in this financial For periods of less than 12 months For periods of 12 months For periods of more than 12 months Premiums receivable (less rebates and refunds) in previous financial s and brought forward to the financial Total (12 to 16) 19 Company registration GL/ UK/ CM day month units Category R Gross premiums Reinsurers share Net of reinsurance written Earned Earned Earned in in in previous previous previous financial financial financial s 1 s 3 s 5 Earned in this financial Unearned at end of this financial Earned in this financial Unearned at end of this financial Earned in this financial Unearned at end of this financial

21 Form 22 General insurance business (accident accounting) : Analysis of claims, expenses and technical provisions Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Company registration GL/ UK/ CM day month units R Amount brought forward from previous financial Amount payable / receivable in this financial Amount carried forward to next financial Category Amount attributable to this financial Claims incurred in respect of incidents occurring prior to this financial Claims incurred in respect of incidents occurring in this financial Gross amount Reinsurers share Net (11-12) Claims management costs Gross amount Reinsurers share Net (15-16) Claims management costs 19 Provision for unexpired risks Net operating Commissions 21 expenses Other acquisition expenses 22 Administrative expenses 23 Reinsurance commissions and 24 profit participations Total ( ) 29 Adjustments for Gross amount 31 discounting in respect Reinsurers share 32 of the items shown at Claims management costs 33 lines 11 to 18 above Total ( ) Split of line 29 Split of line 39 Prior financial s This financial Incidents occurring prior to this financial Incidents occurring in this financial 52

22 General insurance business (accident accounting): Analysis of net claims and premiums Form 23 Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Accident ended Claims paid Claims Total claims paid Claims paid (net) during outstanding (net) since the (net) during end of the the (net) as at end Month Year accident but this financial of the accident Reported accident prior to this (net) financial Prior accident s 21 Reconciliation 22 Total (11 to 22) 29 Claims outstanding carried forward Company registration GL/ UK/ CM day month units Category R Incurred but not reported (net) Claims outstanding brought forward Reported (net) Incurred but not reported (net) Claims incurred (latest ) or developed (other s) during this financial Deduction for discounting from claims outstanding carried forward (net) Earned premiums (net) Deterioration / (surplus) of original claims reserve % Claims ratio % ( )

23 General insurance business (underwriting accounting): Analysis of premiums, claims and expenses Form 24 Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Premiums written Claims paid Underwriting ended Gross amount 11 Reinsurers share 12 Net (11-12) 19 Gross amount 21 Reinsurers share 22 Net (21-22) 29 Claims management costs 39 Net operating expenses Technical provisions Commissions 41 Other acquisition expenses 42 Administrative expenses 43 Reinsurers commissions and profit participation Payable net ( ) Brought forward Carried forward Undiscounted 51 Adjustment for discounting 52 Undiscounted 53 Adjustment for discounting Increase (decrease) in the financial ( ) Balance on each underwriting ( ) Prior underwriting s R24 Company registration GL/UK/ CM day month units Category Number MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY Total all previous columns

24 General insurance business (underwriting accounting): Analysis of technical provisions Form 25 Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Underwriting ended Reported Gross amount 11 claims Reinsurers share 12 outstanding Claims Gross amount 13 incurred Reinsurers share 14 but not reported Crisis management costs 15 Adjustment Gross amount 16 for Reinsurers share 17 discounting Claims management 18 costs Allocation to/ (from) another risk 19 category of anticipated surplus Balance of fund 20 Claims outstanding 21 ( ) Provision for unearned premiums 22 Provision for unexpired risks 23 Deferred acquisition costs 24 Other technical provisions (particulars 25 to be specified by way of supplementary note) Total ( ) 29 Prior underwriting s R25 Company registration GL/UK/ day month units Category Number CM Total all MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY previous columns

25 General insurance business (accident accounting): Analysis of net claims and premiums by risk category for treaty reinsurance Form 26 Financial ended PRA general insurance business reporting category Currency Accident ended Claims paid (net) during the Claims outstanding (net) as at Total claims paid (net) since the end Claims paid (net) during R26 Month Year of the accident this financial Reported end of the accident but prior (net) accident to this financial Prior accident s 21 Reconciliation 22 Total (11 to 22) 29 Company registration Claims outstanding carried forward GL/ UK/ CM Incurred but not reported (net) day month Monetary units Claims outstanding brought forward Reported (net) Incurred but not reported (net) Claims incurred (latest ) or developed (other s) during this financial ( ) Deduction for discounting from claims outstanding carried forward (net) Category Earned premiums (net) Deterioration / (surplus) of original claims reserve % Currency code Claims ratio %

26 Form 26 General insurance business (accident accounting): Analysis of net claims and premiums by risk category for treaty reinsurance (continuation sheet) Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Currency Accident ended Claims paid (net) during the accident 1 Claims outstanding (net) as at R26 Month Year accident end of the Reported but prior to this financial (net) accident financial 2 Total claims paid (net) since the end of the 3 Claims paid (net) during this 4 Company registration Claims outstanding carried forward 5 GL/ UK/ CM Incurred but not reported (net) 6 day month Monetary units Claims outstanding brought forward Reported (net) 7 Incurred but not reported (net) 8 Claims incurred (latest ) or developed (other s) during this financial ( ) 9 Deduction for discounting from claims outstanding carried forward (net) 10 Category Earned premiums (net) 11 Deterioration / (surplus) of original claims reserve % 12 Currency code Claims ratio % 13

27 General insurance business (accident accounting): Analysis of gross claims and premiums by risk category for treaty reinsurance Form 27 Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Currency Accident ended Claims paid (gross) during Claims outstanding Total claims paid (gross) R27 Month Year (gross) as at since the during this Reported the end of the financial (gross) accident accident end of the accident but prior to this financial Claims paid (gross) Company registration Claims outstanding carried forward GL/ UK/ CM Incurred but not reported (gross) day month Monetary units Claims outstanding brought forward Reported (gross) Incurred but not reported (gross) Claims incurred (latest ) or developed (other s) during this financial Deduction for discounting from claims outstandin g carried forward (gross) Category Earned premiums (gross) Deterioration / (surplus) of original claims reserve % Currency code Claims ratio % ( ) Prior accident s 21 Reconciliation 22 Total (11 to 22)

28 Form 27 General insurance business (accident accounting): Analysis of gross claims and premiums by risk category for treaty reinsurance (continuation sheet) Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Currency Accident ended Claims paid (gross) during the accident Claims outstanding (gross) as at Total claims paid (gross) since the end of the Claims paid (gross) during this R27 Month Year accident but end of the Reported prior to this financial accident (gross) financial Company registration Claims outstanding carried forward GL/ UK/ CM Incurred but not reported (gross) day month Monetary units Claims outstanding brought forward Reported (gross) Incurred but not reported (gross) Claims incurred (latest ) or developed (other s) during this financial ( ) Deduction for discounting from claims outstanding carried forward (gross) Category Earned premiums (gross) Deterioration / (surplus) of original claims reserve % Currency code Claims ratio %

29 General insurance business (underwriting accounting): Analysis of premiums, claims and expenses by risk category for treaty reinsurance Form 28 Financial ended PRA general insurance business reporting category Currency Underwriting ended Premiums Gross amount 11 written Reinsurers share 12 Net (11-12) 19 Claims Gross amount 21 paid Reinsurers share 22 Net (21-22) 29 Claims management costs 39 Commissions 41 Net Other acquisition costs 42 operating Administrative expenses 43 expenses Reinsurers commissions 44 and profit participations Payable net ( ) 49 Undiscounted 51 Brought Adjustment 52 forward for discounting Technical Undiscounted 53 provisions Carried Adjustment 54 forward for discounting Increase (decrease) in the 59 financial s ( ) Balance on each underwriting 69 ( ) Prior underwriting s R28 Company registration GL/UK/ day month units Category Number CM Total all MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY previous columns

30 Form 28 General insurance business (underwriting accounting): Analysis of premiums, claims and expenses by risk category for treaty reinsurance (continuation sheet) Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Currency Underwriting ended Premiums Gross amount 11 written Reinsurers share 12 Net (11-12) 19 Claims Gross amount 21 paid Reinsurers share 22 Net (21-22) 29 Claims management costs 39 Commissions 41 Net Other acquisition costs 42 operating Administrative expenses 43 expenses Reinsurers commissions 44 and profit participations Payable net ( ) 49 Undiscounted 51 Brought Adjustment 52 forward for discounting Technical Undiscounted 53 provisions Carried Adjustment 54 forward for discounting Increase (decrease) in the 59 financial s ( ) Balance on each underwriting 69 ( ) Prior underwriting s R28 Company registration GL/UK/ day month units Category Number CM Total all MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY previous columns

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32 General insurance business (underwriting accounting): Analysis of technical provisions by risk category for treaty reinsurance Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Form 29 Underwriting ended Reported Gross amount 11 claims Reinsurers share 12 outstanding Claims Gross amount 13 incurred but not Reinsurers share 14 reported Claims management costs 15 Adjustment Gross amount 16 for Reinsurers share 17 discounting Claims management 18 costs Allocation to/ (from) another risk 19 category of anticipated surplus Balance of fund 20 Claims outstanding 21 ( ) Provision for unearned premiums 22 Provision for unexpired risks 23 Deferred acquisition costs 24 Other technical provisions (particulars to be specified by way of 25 supplementary note) Total ( ) 29 Prior underwriting s R29 Company registration GL/UK/ day month units Category Number CM Total all MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY previous columns

33 General insurance business (underwriting accounting): Analysis of technical provisions by risk category for treaty reinsurance Form 29 (continuation sheet) Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Currency Underwriting ended Reported Gross amount 11 claims Reinsurers share 12 outstanding Claims Gross amount 13 incurred but not Reinsurers share 14 reported Claims management costs 15 Adjustment Gross amount 16 for Reinsurers share 17 discounting Claims management 18 costs Allocation to/ (from) another risk 19 category of anticipated surplus Balance of fund 20 Claims outstanding 21 ( ) Provision for unearned premiums 22 Provision for unexpired risks 23 Deferred acquisition costs 24 Other technical provisions (particulars to be specified by way of 25 supplementary note) Total ( ) 29 Prior underwriting s R29 Company registration GL/UK/ day month units Category Number CM Total all MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY MM YY previous columns

34 Form 30 General insurance business: Expected income and yield from admissible assets covering discounted provisions (Sheet 1) Global business/uk branch business/eea branch business Financial ended Major currencies Reporting territory/ code Company registration GL/UK/ day month units CM R Total admissible Admissible assets hypothecated to Expected income from Yield % Technical provisions Provisions for outstanding claims being discounted Unwind in the discount Rates of interest at which the provision is being discounted assets as shown on Form cover the provision for assets included in Before deduction for Deduction for in the next financial Highest Lowest Average rate 13 outstanding claims being discounted column 2 discounting discounting Other 21 currencies Total 29

35 Form 30 General insurance business: Expected income and yield from admissible assets covering discounted provisions (Sheet 2) Global business/uk branch business/eea branch business Financial ended Type of asset Company registration GL/UK/ day month units CM R Value of admissible assets as Admissible assets Expected income from assets Yield % shown in Form 13 hypothecated to cover the provision for outstanding claims being discounted included in column Land and buildings 31 Fixed interest securities Approved securities 32 Other 33 Variable interest and variable Approved securities 34 yield securities (excluding Other 35 items shown at line 36) Equity shares and holdings in collective investment schemes 36 Loans secured by mortgages 37 All other assets Producing income 38 Not producing income 39 Total 40

36 General insurance business (accident accounting): Analysis of gross claims and premiums by risk category for direct insurance and facultative reinsurance Form 31 Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Currency Reporting territory Accident ended R31 Month Year Closed at some cost Reported claims during this or previous outstanding financial s Number of claims Gross claims paid Gross claims outstanding carried forward In previous financial s Company registration GL/ UK/ CM In this financial day month Monetary units Reported Incurred but not reported Gross claims outstanding brought forward Reported Incurred but not reported Category Currency code Claims incurred (latest ) or developed (other s) during this financial ( ) Reporting territory code Gross earned premiums Claims ratio % Prior accident s 21 Total (11 to 21) Line 29 expressed in sterling

37 Form 31 (continuation sheet) General insurance business (accident accounting): Analysis of gross claims and premiums by risk category for direct insurance and facultative reinsurance Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Currency Reporting territory R31 Accident ended Number of claims Gross claims paid Month Year Closed at some cost during this or previous financial s Reported claims outstanding Company GL/ registration UK/ day month Category Currency code Reporting territory CM Monetary units code In previous financial s In this financial Gross claims outstanding carried forward Reported Incurred but not reported Gross claims outstanding brought forward Reported Incurred but not reported Claims incurred (latest ) or developed (other s) during this financial Gross earned premiums Claims ratio % ( )

38 General insurance business (accident accounting): Analysis of gross claims and premiums for motor vehicle direct insurance and facultative reinsurance Form 32 Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Currency Reporting territory R32 Accident ended Number of claims Gross claims paid Month Year Closed at some cost during this or previous financial s Reported claims outstandin g In previous financial s Company GL/ registration UK/ day month Monetary Category Currency code Reporting territory CM units code In this financial Gross claims outstanding carried forward Reported Incurred but not reported Gross claims outstanding brought forward Reported Incurred but not reported Claims incurred (latest ) or developed (other s) during this financial ( ) Gross earned premiums Claims ratio Vehicle s % (000s) Claims frequency % Prior accident s 21 Total (11 to 21) Line 29 expressed in sterling

39 Form 34 General insurance business (underwriting accounting): Analysis of gross claims and premiums by risk category for direct insurance and facultative reinsurance Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Currency Reporting territory Accident ended Month Year In previous financial s R34 Gross claims paid Company GL/ Monet registration UK/ day month ary CM units Category In this financial Gross claims outstanding carried Reported forward Incurred but not reported Gross claims outstanding brought forward Reported Incurred but not reported Claims incurred (latest ) or developed (other s) during this financial Currency code Gross earned premiums Reporting territory code Claims ratio % Prior accident s 21 Total (11 to 21) 29 Line 29 expressed in sterling 30 ( )

40 Form 34 (continuation sheet) General insurance business (underwriting accounting): Analysis of gross claims and premiums by risk category for direct insurance and facultative reinsurance Global business/uk branch business/eea branch business Financial ended PRA general insurance business reporting category Currency Reporting territory R34 Company registration Underwriting ended Gross claims paid Month Year In previous In this financial financial s GL/ UK/ CM Gross claims outstanding carried forward Reported day month Monetary units Incurred but not reported Gross claims outstanding brought forward Report b e r d ought f orw In a c r u d rred but not reported Category Claims incurred (latest ) or developed (other s) during this financial Currency code Gross written premiums Reporting territory code Claims ratio % ( )

41 Currency rates Form 36 Global business/uk branch business/eea branch business Financial ended R36 Company registration GL/ UK/ CM day month Name of currency Currency code no. of units to sterling

42 Long term insurance business: Revenue account Form 40 Total business / subfund Financial ended Units Income Earned premiums 11 Investment income receivable before deduction of tax 12 Increase (decrease) in the value of nonlinked 13 assets Increase brought (decrease) into account in the value of linked Assets 14 Other income 15 Total income 19 Financial Previous 1 2 Expenditure Claims incurred 21 Expenses payable 22 Interest payable before deduction of tax 23 Taxation 24 Other expenditure 25 Transfer to (from) non technical account 26 Total expenditure 29 Business transfers-in 31 Business transfers-out 32 Increase (decrease) in fund in financial ( ) 39 Fund brought forward 49 Fund carried forward (39+49) 59

43 Long term insurance business: Analysis of premiums Form 41 Total business / subfund Financial ended Units Gross Regular premiums 11 Single premiums 12 UK Life UK Pensio n Overseas Total Financia l Total Previou s Reinsurance external Regular premiums 13 Single premiums 14 Reinsurance intra group Regular premiums 15 Single premiums 16 Net of reinsurance Regular premiums 17 Single premiums 18 Total Gross 19 Reinsurance 20 Net 21

44 Long term insurance business: Analysis of claims Form 42 Total business / subfund Financial ended Units Gross Death or disability lump sums 11 Disability periodic payments 12 Surrender or partial surrender 13 Annuity payments 14 Lump sums on maturity 15 Total 16 UK Life UK Pension Overseas Total Financial Total Previous Reinsurance external Death or disability lump sums 21 Disability periodic payments 22 Surrender or partial surrender 23 Annuity payments 24 Lump sums on maturity 25 Total 26 Reinsurance intra group Death or disability lump sums 31 Disability periodic payments 32 Surrender or partial surrender 33 Annuity payments 34 Lump sums on maturity 35 Total 36 Net of reinsurance Death or disability lump sums 41 Disability periodic payments 42 Surrender or partial surrender 43 Annuity payments 44 Lump sums on maturity 45 Total 46