SpareBank 1 Gruppen
Solvency and Financial
Condition Report
Disclosures
31 December
2023
(Monetary amounts in NOK thousands)
General information
Participating undertaking name
Group identification code
Type of code of group
Country of the group supervisor
Language of reporting
Reporting reference date
Currency used for reporting
Accounting standards
Method of Calculation of the group SCR Method of group solvency calculation Matching adjustment
Volatility adjustment
Transitional measure on the risk-free interest rate Transitional measure on technical provisions
SpareBank 1 Gruppen AS
5967007LIEEXZX8MRS16
LEI
NO
en
31 desember 2023
NOK
IFRS
Standard formula
Method 1 is used exclusively
No use of matching adjustment
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.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.05.02.04 - Premiums, claims and expenses by country: Life insurance and reinsurance obligations
S.05.02.04 - Premiums, claims and expenses by country: Non-life insurance and reinsurance obligations S.22.01.22 - Impact of long term guarantees measures and transitionals
S.23.01.22 - Own Funds
S.25.01.22 - Solvency Capital Requirement - for groups on Standard Formula
S.32.01.22 - Undertakings in the scope of the group
S.02.01.02
Balance sheet
Assets | |
R0030 | Intangible assets |
R0040 | Deferred tax assets |
R0050 | Pension benefit surplus |
R0060 | Property, plant & equipment held for own use |
R0070 | Investments (other than assets held for index-linked and unit-linked contracts) |
R0080 | Property (other than for own use) |
R0090 | Holdings in related undertakings, including participations |
R0100 | Equities |
R0110 | Equities - listed |
R0120 | Equities - unlisted |
R0130 | Bonds |
R0140 | Government Bonds |
R0150 | Corporate Bonds |
R0160 | Structured notes |
R0170 | Collateralised securities |
R0180 | Collective Investments Undertakings |
R0190 | Derivatives |
R0200 | Deposits other than cash equivalents |
R0210 | Other investments |
R0220 | Assets held for index-linked and unit-linked contracts |
R0230 | Loans and mortgages |
R0240 | Loans on policies |
R0250 | Loans and mortgages to individuals |
R0260 | Other loans and mortgages |
R0270 | Reinsurance recoverables from: |
R0280 | Non-life and health similar to non-life |
R0290 | Non-life excluding health |
R0300 | Health similar to non-life |
R0310 | Life and health similar to life, excluding index-linked and unit-linked |
R0320 | Health similar to life |
R0330 | Life excluding health and index-linked and unit-linked |
R0340 | Life index-linked and unit-linked |
R0350 | Deposits to cedants |
R0360 | Insurance and intermediaries receivables |
R0370 | Reinsurance receivables |
R0380 | Receivables (trade, not insurance) |
R0390 | 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 |
R0420 | Any other assets, not elsewhere shown |
R0500 | Total assets |
Solvency II value
C0010
0
-130
2.252
1.487.412
53.601.914
6.451.387
2.745.247
221.589
214.673
6.916
32.734.629
6.597.702
26.136.927
0
0
9.701.726
264.128
1.480.859
2.349
68.383.417
0
0
0
0
482.515
215.717
72.777
142.940
266.798
266.539
259
0
0
157.670
33.541
1.437.698
0
0
1.597.647
170.433
127.354.367
S.02.01.02
Balance sheet
Liabilities | |
R0510 | Technical provisions - non-life |
R0520 | Technical provisions - non-life (excluding health) |
R0530 | TP calculated as a whole |
R0540 | Best Estimate |
R0550 | Risk margin |
R0560 | Technical provisions - health (similar to non-life) |
R0570 | TP calculated as a whole |
R0580 | Best Estimate |
R0590 | Risk margin |
R0600 | Technical provisions - life (excluding index-linked and unit-linked) |
R0610 | Technical provisions - health (similar to life) |
R0620 | TP calculated as a whole |
R0630 | Best Estimate |
R0640 | Risk margin |
R0650 | Technical provisions - life (excluding health and index-linked and unit-linked) |
R0660 | TP calculated as a whole |
R0670 | Best Estimate |
R0680 | Risk margin |
R0690 | Technical provisions - index-linked and unit-linked |
R0700 | TP calculated as a whole |
R0710 | Best Estimate |
R0720 | Risk margin |
R0740 | Contingent liabilities |
R0750 | Provisions other than technical provisions |
R0760 | Pension benefit obligations |
R0770 | Deposits from reinsurers |
R0780 | Deferred tax liabilities |
R0790 | Derivatives |
R0800 | Debts owed to credit institutions |
R0810 | Financial liabilities other than debts owed to credit institutions |
R0820 | Insurance & intermediaries payables |
R0830 | Reinsurance payables |
R0840 | Payables (trade, not insurance) |
R0850 | Subordinated liabilities |
R0860 | Subordinated liabilities not in BOF |
R0870 | Subordinated liabilities in BOF |
R0880 | Any other liabilities, not elsewhere shown |
R0900 | Total liabilities |
Solvency II value
C0010
7.475.936
5.887.373
0
5.418.354
469.019
1.588.563
0
1.481.496
107.067
27.773.042
9.063.819
0
8.782.007
281.812
18.709.223
0
17.779.452
929.771
67.672.366
0
67.114.449
557.918
0
0
53.041
266.798
1.127.149
86.235
3.809.511
610.522
355.943
37.099
2.131.091
1.507.104
1.507.104
2.399.757
115.305.595
R1000 Excess of assets over liabilities
12.048.772
S.05.01.02
Premiums, claims and expenses by line of business: Non-life insurance and reinsurance obligations
Premiums written
R0110 Gross - Direct Business
R0120 Gross - Proportional reinsurance accepted
R0130 Gross - Non-proportional reinsurance accepted
R0140 Reinsurers' share
R0200 Net
Premiums earned
R0210 Gross - Direct Business
R0220 Gross - Proportional reinsurance accepted
R0230 Gross - Non-proportional reinsurance accepted
R0240 Reinsurers' share
R0300 Net
Claims incurred
R0310 Gross - Direct Business
R0320 Gross - Proportional reinsurance accepted
R0330 Gross - Non-proportional reinsurance accepted
R0340 Reinsurers' share
R0400 Net
R0550 Expenses incurred
R1210 Balance - other technical expenses/income
R1300 Total technical expenses
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 | ||||||||||||||||
Medical | Income | Workers' | Motor vehicle | Marine, | Fire and other | General | Credit and | Marine, | ||||||||
Other motor | aviation and | damage to | Legal expenses | Misc. financial | ||||||||||||
expense | protection | compensation | liability | liability | suretyship | Assistance | Health | Casualty | aviation and | Property | ||||||
insurance | transport | property | insurance | loss | ||||||||||||
insurance | insurance | insurance | insurance | insurance | insurance | transport | ||||||||||
insurance | insurance | |||||||||||||||
C0010 | C0020 | C0030 | C0040 | C0050 | C0060 | C0070 | C0080 | C0090 | C0100 | C0110 | C0120 | C0130 | C0140 | C0150 | C0160 | C0200 |
306.047 | 756.172 | 122.732 | 1.565.827 | 3.235.284 | 174.300 | 4.679.657 | 137.401 | 1.135.650 | 455.418 | 12.568.490 | ||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
0 | ||||||||||||||||
375 | 25.826 | 216 | 1.527 | 3.101 | 129 | 99.123 | 2.327 | 2.501 | 836 | 135.961 | ||||||
305.672 | 730.346 | 122.516 | 1.564.300 | 3.232.183 | 174.171 | 4.580.534 | 135.074 | 1.133.149 | 454.583 | 12.432.529 | ||||||
303.610 | 755.175 | 120.179 | 1.521.347 | 3.088.616 | 169.292 | 4.533.135 | 126.961 | 1.107.463 | 377.595 | 12.103.373 | ||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
0 | ||||||||||||||||
375 | 25.826 | 216 | 1.527 | 7.602 | 271 | 139.254 | 2.327 | 3.002 | 836 | 181.237 | ||||||
303.236 | 729.349 | 119.962 | 1.519.820 | 3.081.014 | 169.021 | 4.393.880 | 124.634 | 1.104.462 | 376.759 | 11.922.136 | ||||||
170.676 | 427.032 | 78.906 | 764.460 | 2.581.534 | 100.413 | 4.374.758 | 3.108 | 705.820 | 264.135 | 9.470.842 | ||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
0 | ||||||||||||||||
0 | 64.892 | -1.757 | 4.749 | 32.142 | 625 | 187.005 | 2.134 | 1.885 | 0 | 291.674 | ||||||
170.676 | 362.140 | 80.663 | 759.711 | 2.549.392 | 99.789 | 4.187.753 | 974 | 703.935 | 264.135 | 9.179.168 | ||||||
123.768 | 243.799 | 43.285 | 455.745 | 960.437 | 47.959 | 1.241.560 | 50.707 | 339.795 | 144.192 | 3.651.249 | ||||||
19.572 | ||||||||||||||||
3.670.821 |
S.05.01.02
Premiums, claims and expenses by line of business: Life insurance and reinsurance obligations
Line of Business for: life insurance obligations | Life reinsurance obligations | |||||||
Annuities stemming | ||||||||
Annuities stemming | from non-life | |||||||
insurance contracts | ||||||||
Index-linked and | from non-life | and relating to | Total | |||||
Health | Insurance with | Other life | insurance contracts | Health | Life | |||
unit-linked | insurance | |||||||
insurance | profit participation | insurance | and relating to | reinsurance | reinsurance | |||
insurance | obligations other | |||||||
health insurance | ||||||||
than health | ||||||||
obligations | ||||||||
insurance | ||||||||
obligations | ||||||||
C0210 | C0220 | C0230 | C0240 | C0250 | C0260 | C0270 | C0280 | C0300 |
Premiums written | ||||||||||
R1410 | Gross | 2.235.862 | 558.214 | 11.245.973 | 1.832.197 | 15.872.247 | ||||
R1420 | Reinsurers' share | 11.623 | 78 | 0 | 7.804 | 19.506 | ||||
R1500 | Net | 2.224.238 | 558.136 | 11.245.973 | 1.824.393 | 15.852.740 | ||||
Premiums earned | ||||||||||
R1510 | Gross | 2.197.355 | 558.214 | 6.685.377 | 1.831.642 | 11.272.588 | ||||
R1520 | Reinsurers' share | 11.623 | 78 | 0 | 7.804 | 19.506 | ||||
R1600 | Net | 2.185.731 | 558.136 | 6.685.377 | 1.823.838 | 11.253.082 | ||||
Claims incurred | ||||||||||
R1610 | Gross | 1.667.325 | 882.379 | 5.512.446 | 664.506 | 8.726.657 | ||||
R1620 | Reinsurers' share | -225 | 0 | 0 | 0 | -225 | ||||
R1700 | Net | 1.667.550 | 882.379 | 5.512.446 | 664.506 | 8.726.882 | ||||
Expenses incurred | ||||||||||
R1900 | 53.941 | 137.103 | 665.501 | 1.113 | 857.658 | |||||
Balance - other technical expenses/income | ||||||||||
R2510 | 66.874 | |||||||||
Total technical expenses | ||||||||||
R2600 | 924.532 | |||||||||
R2700 Total amount of surrenders
0
S.05.02.04
Premiums, claims and expenses by country: Non-life insurance and reinsurance obligations
R0010
C0010 | C0020 | C0030 | C0040 | C0050 | C0060 | C0070 |
Top 5 countries (by amount of gross premiums written) - non-life obligations
Total Top 5 and
Home Country
home country
C0080 | C0090 | C0100 | C0110 | C0120 | C0130 | C0140 | |||
Premiums written | |||||||||
R0110 | Gross - Direct Business | 0 | |||||||
R0120 | Gross - Proportional reinsurance accepted | 0 | |||||||
R0130 | Gross - Non-proportional reinsurance accepted | 0 | |||||||
R0140 | Reinsurers' share | 0 | |||||||
R0200 | Net | 0 | 0 | ||||||
Premiums earned | |||||||||
R0210 | Gross - Direct Business | 0 | |||||||
R0220 | Gross - Proportional reinsurance accepted | 0 | |||||||
R0230 | Gross - Non-proportional reinsurance accepted | 0 | |||||||
R0240 | Reinsurers' share | 0 | |||||||
R0300 | Net | 0 | 0 | ||||||
Claims incurred | |||||||||
R0310 | Gross - Direct Business | 0 | |||||||
R0320 | Gross - Proportional reinsurance accepted | 0 | |||||||
R0330 | Gross - Non-proportional reinsurance accepted | 0 | |||||||
R0340 | Reinsurers' share | 0 | |||||||
R0400 | Net | 0 | 0 | ||||||
R0550 | Expenses incurred | 0 | |||||||
R1210 | Balance - other technical expenses/income | ||||||||
Total technical expenses | |||||||||
R1300 | 0 | ||||||||
S.05.02.04
Premiums, claims and expenses by country: Life insurance and reinsurance obligations
R1400 | |
Premiums written | |
R1410 | Gross |
R1420 | Reinsurers' share |
R1500 | Net |
Premiums earned | |
R1510 | Gross |
R1520 | Reinsurers' share |
R1600 | Net |
Claims incurred | |
R1610 | Gross |
R1620 | Reinsurers' share |
R1700 | Net |
R1900 | Expenses incurred |
R2510 | Balance - other technical expenses/income |
R2600 | Total technical expenses |
C0150 | C0160 | C0170 | C0180 | C0190 | C0200 | C0210 | |||
Top 5 countries (by amount of gross premiums written) - life obligations | Total Top 5 and | ||||||||
Home Country | |||||||||
home country | |||||||||
C0220 | C0230 | C0240 | C0250 | C0260 | C0270 | C0280 | |||
0 | |||||||||
0 | |||||||||
0 | 0 | ||||||||
0 | |||||||||
0 | |||||||||
0 | 0 | ||||||||
0 | |||||||||
0 | |||||||||
0 | 0 | ||||||||
0 | |||||||||
0 | |||||||||
R2700 Total amount of surrenders
0
S.22.01.22
Impact of long term guarantees measures and transitionals
Amount with | Impact of | Impact of | Impact of | |||
Long Term | Impact of | |||||
transitional on | volatility | matching | ||||
Guarantee | transitional on | |||||
technical | adjustment | adjustment | ||||
measures and | interest rate | |||||
provisions | set to zero | set to zero | ||||
transitionals | ||||||
C0010 | C0030 | C0050 | C0070 | C0090 | ||
Technical provisions | ||||||
R0010 | 102.921.345 | 0 | 0 | 193.190 | 0 | |
Basic own funds | ||||||
R0020 | 13.555.876 | 0 | 0 | -145.056 | 0 | |
Eligible own funds to meet Solvency Capital Requirement | ||||||
R0050 | 13.555.876 | 0 | 0 | -145.056 | 0 | |
Solvency Capital Requirement | ||||||
R0090 | 7.499.121 | 0 | 0 | 85.516 | 0 | |
S.23.01.22
Own Funds
Basic own funds before deduction for participations in other financial sector
R0010 Ordinary share capital (gross of own shares)
R0020 Non-available called but not paid in ordinary share capital to be deducted at group level
R0030 Share premium account related to ordinary share capital
R0040 Initial funds, members' contributions or the equivalent basic own-fund item for mutual and mutual-type undertakings
R0050 Subordinated mutual member accounts
R0060 Non-available subordinated mutual member accounts to be deducted at group level
R0070 Surplus funds
R0080 Non-available surplus funds to be deducted at group level
R0090 Preference shares
R0100 Non-available preference shares to be dedcuted at group level
R0110 Share premium account related to preference shares
R0120 Non-available share premium account related to preference shares at group level
R0130 Reconciliation reserve
R0140 Subordinated liabilities
R0150 Non-available subordinated liabilities to be deducted at group level
R0160 An amount equal to the value of net deferred tax assets
R0170 The amount equal to the value of net deferred tax assets not available to be deducted at the group level
R0180 Other items approved by supervisory authority as basic own funds not specified above
R0190 Non available own funds related to other own funds items approved by supervisory authority
R0200 Minority interests
R0210 Non-available minority interests to be deducted at group level
R0220 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
R0230 Deductions for participations in other financial undertakings, including non-regulated undertakings carrying out financial activities R0240 whereof deducted according to art 228 of the Directive 2009/138/EC
R0250 Deductions for participations where there is non-availability of information (Article 229)
R0260 Deduction for participations included via Deduction and Aggregation method (D&A) when a combination of methods are used
R0270 Total of non-available own fund items to be deducted
R0280 Total deductions
R0290 Total basic own funds after deductions
Ancillary own funds
R0300 Unpaid and uncalled ordinary share capital callable on demand
R0310 Unpaid and uncalled initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual - type undertakings, callable on demand R0320 Unpaid and uncalled preference shares callable on demand
R0330 A legally binding commitment to subscribe and pay for subordinated liabilities on demand
R0340 Letters of credit and guarantees under Article 96(2) of the Directive 2009/138/EC
R0350 Letters of credit and guarantees other than under Article 96(2) of the Directive 2009/138/EC
R0360 Supplementary members calls under first subparagraph of Article 96(3) of the Directive 2009/138/EC
R0370 Supplementary members calls - other than under first subparagraph of Article 96(3) of the Directive 2009/138/EC
R0380 Non available ancillary own funds to be dedcuted at group level
R0390 Other ancillary own funds
R0400 Total ancillary own funds
Own funds of other financial sectors
R0410 Credit Institutions, investment firms, financial institutions, alternative investment fund managers, UCITS management companies
R0420 Institutions for occupational retirement provision
R0430 Non regulated undertakings carrying out financial activities
R0440 Total own funds of other financial sectors
Total | Tier 1 | Tier 1 | Tier 2 | Tier 3 |
unrestricted | restricted | |||
C0010 | C0020 | C0030 | C0040 | C0050 |
2.275.089 | 2.275.089 | 0 | ||
0 | ||||
2.092.576 | 2.092.576 | 0 | ||
0 | 0 | 0 | ||
0 | 0 | 0 | 0 | |
0 | ||||
0 | 0 | |||
0 | ||||
0 | 0 | 0 | 0 | |
0 | ||||
0 | 0 | 0 | 0 | |
0 | ||||
6.005.711 | 6.005.711 | |||
1.507.104 | 250.000 | 1.257.104 | 0 | |
0 | ||||
0 | 0 | |||
0 | ||||
1.675.396 | 0 | 0 | 1.675.396 | 0 |
0 | ||||
0 | ||||
0 | ||||
0 | ||||
0 | ||||
0 | ||||
0 | ||||
0 | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 |
13.555.876 | 10.373.376 | 250.000 | 2.932.500 | 0 |
0 | ||||
0 | ||||
0 | ||||
0 | ||||
0 | ||||
0 | ||||
0 | ||||
0 | ||||
0 | ||||
0 | ||||
0 | 0 | 0 | ||
0 | ||||
0 | ||||
0 | ||||
0 | 0 | 0 | 0 | 0 |
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Disclaimer
SpareBank 1 SR-Bank ASA published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 21:07:22 UTC.