SpareBank 1 SR Bank : Vedlegg til solvens og finansiell stilling (SFCR) per 31.12.23

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