Line of Business for: non-life insurance and reinsurance obliations (direct business and accepted proportional reinsurance)
Line of Business for: accepted non-proportional reinsurance
Total
(DKK '000)
Medical expense insurance
Income protection insurance
Workers' compensation insurance
Motor vehicle liability insurance
Other motor insurance
Marine, aviation and transport insurance
Fire and other damage to property insurance
General liability insurance
Credit and suretyship insurance
Legal expenses insurance
Assistance
Miscellaneous financial loss
Health
Casualty
Marine, aviation, transport
Property
C0010
C0020
C0030
C0040
C0050
C0060
C0070
C0080
C0090
C0100
C0110
C0120
C0130
C0140
C0150
C0160
C0200
Premiums written
Gross - Direct Business
R0110
0
1,142,522
879,943
445,300
1,880,166
69,027
4,587,037
629,384
0
0
205,411
117,074
9,955,865
Gross - Proportional reinsurance accepted
R0120
0
0
0
0
0
0
0
0
0
0
0
0
0
Gross - Non-proportional reinsurance accepted
R0130
0
0
0
0
Reinsurers' share
R0140
0
3,761
1,772
3,367
4,062
218
625,750
52,084
0
0
0
0
0
0
0
0
691,015
Net
R0200
0
1,138,761
878,171
441,933
1,876,104
68,809
3,961,287
577,300
0
0
205,411
117,074
0
0
0
0
9,264,850
Premiums earned
Gross - Direct Business
R0210
0
1,184,081
906,322
464,078
1,988,788
70,520
4,693,367
658,026
0
0
214,695
118,317
10,298,195
Gross - Proportional reinsurance accepted
R0220
0
0
0
0
0
0
0
0
0
0
0
0
0
Gross - Non-proportional reinsurance accepted
R0230
0
0
0
0
Reinsurers' share
R0240
0
3,852
1,812
3,438
4,136
213
631,716
60,315
0
0
0
0
0
0
0
0
705,480
Net
R0300
0
1,180,229
904,510
460,641
1,984,652
70,307
4,061,651
597,711
0
0
214,695
118,317
0
0
0
0
9,592,715
Claims incurred
Gross - Direct Business
R0310
0
565,952
698,046
494,398
946,260
23,423
2,684,330
353,891
0
0
109,647
73,051
5,948,998
Gross - Proportional reinsurance accepted
R0320
0
0
0
0
0
0
0
0
0
0
0
0
0
Gross - Non-proportional reinsurance accepted
R0330
0
0
0
0
Reinsurers' share
R0340
0
-747
0
1,343
278
0
333,099
39,245
0
0
0
0
0
0
0
0
373,219
Net
R0400
0
566,698
698,046
493,055
945,982
23,423
2,351,231
314,646
0
0
109,647
73,051
0
0
0
0
5,575,780
Expenses incurred
R0550
0
324,484
225,170
170,862
507,569
19,158
1,198,092
188,632
0
0
54,473
21,135
0
0
0
0
2,709,575
Balance - other technical expenses/income
R1200
77,656
Total technical expenses
R1300
2,787,231
S.05.01.02.02 Life
Line of Business for: life insurance obligations
Life reinsurance obligations
Total
(DKK '000)
Health insurance
Insurance with profit participation
Index-linked and unit-linked insurance
Other life insurance
Annuities stemming from non-life insurance contracts and relating to health insurance obligations
Annuities stemming from non-life insurance contracts and relating to insurance obligations other than health insurance obligations
Health reinsurance
Life reinsurance
C0210
C0220
C0230
C0240
C0250
C0260
C0270
C0280
C0300
Premiums written
Gross
R1410
0
0
0
0
0
0
0
0
0
Reinsurers' share
R1420
0
0
0
0
0
0
0
0
0
Net
R1500
0
0
0
0
0
0
0
0
0
Premiums earned
Gross
R1510
0
0
0
0
0
0
0
0
0
Reinsurers' share
R1520
0
0
0
0
0
0
0
0
0
Net
R1600
0
0
0
0
0
0
0
0
0
Claims incurred
Gross
R1610
0
0
0
0
34,790
0
0
0
34,790
Reinsurers' share
R1620
0
0
0
0
0
0
0
0
0
Net
R1700
0
0
0
0
34,790
0
0
0
34,790
Expenses incurred
R1900
0
0
0
0
8,361
0
0
0
8,361
Balance - other technical expenses/income
R2510
0
Total technical expenses
R2600
8,361
Total amount of surrenders
R2700
0
0
0
0
0
0
0
0
0
S.12.01.02
Topdanmark Forsikring A/S
2023
S.12.01.02.01 Life and Health SLT Technical Provisions
Insurance with profit participation
Index-linked and unit-linked insurance
Other life insurance
Annuities stemming from non-life insurance contracts and relating to insurance obligation other than health insurance obligations
Accepted reinsurance
Total (Life other than health insurance, incl. Unit-Linked)
Health insurance (direct business)
Annuities stemming from non-life insurance contracts and relating to health insurance obligations
Health reinsurance (reinsurance accepted)
Total (Health similar to life insurance)
(DKK '000)
Contracts without options and guarantees
Contracts with options or guarantees
Contracts without options and guarantees
Contracts with options or guarantees
Contracts without options and guarantees
Contracts with options or guarantees
C0020
C0030
C0040
C0050
C0060
C0070
C0080
C0090
C0100
C0150
C0160
C0170
C0180
C0190
C0200
C0210
Technical provisions calculated as a whole
R0010
0
0
0
0
0
0
0
0
0
0
Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default associated to TP as a whole
R0020
0
0
0
0
0
0
0
0
0
0
Technical provisions calculated as a sum of BE and RM
Best Estimate
Gross Best Estimate
R0030
0
0
0
0
0
0
0
0
0
0
2,693,456
0
2,693,456
Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default
R0080
0
0
0
0
0
0
0
0
0
0
0
0
0
Best estimate minus recoverables from reinsurance/SPV and Finite Re
R0090
0
0
0
0
0
0
0
0
0
0
2,693,456
0
2,693,456
Risk Margin
R0100
0
0
0
0
0
0
0
5,392
0
5,392
Amount of the transitional on Technical Provisions
Technical Provisions calculated as a whole
R0110
0
0
0
0
0
0
0
0
0
0
Best estimate
R0120
0
0
0
0
0
0
0
0
0
0
0
0
0
Risk Margin
R0130
0
0
0
0
0
0
0
0
0
0
Technical provisions - total
R0200
0
0
0
0
0
0
0
2,698,848
0
2,698,848
S.17.01.02
Topdanmark Forsikring A/S
2023
S.17.01.02.01 Non-Life Technical Provisions
Direct business and accepted proportional reinsurance
Accepted non-proportional reinsurance:
Total Non-Life obligation
(DKK '000)
Medical expense insurance
Income protection insurance
Workers' compensation insurance
Motor vehicle liability insurance
Other motor insurance
Marine, aviation and transport insurance
Fire and other damage to property insurance
General liability insurance
Credit and suretyship insurance
Legal expenses insurance
Assistance
Miscellaneous financial loss
Non-proportional health reinsurance
Non-proportional casualty reinsurance
Non-proportional marine, aviation and transport reinsurance
Non-proportional property reinsurance
C0020
C0030
C0040
C0050
C0060
C0070
C0080
C0090
C0100
C0110
C0120
C0130
C0140
C0150
C0160
C0170
C0180
Technical provisions calculated as a whole
R0010
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default associated to TP calculated as a whole
R0050
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Technical provisions calculated as a sum of BE and RM
Best estimate
Premium provisions
Gross
R0060
0
65,962
-55,009
178,193
176,064
-15,960
64,200
140,670
0
0
20,396
132,800
0
0
0
0
707,316
Total recoverable from reinsurance/SPV and Finte Re after the adjustment for expected losses due to counterparty default
R0140
0
-1,447
-1,645
-2,147
-481
-157
-61,606
25,513
0
0
0
0
0
0
0
0
-41,969
Net Best Estimate of Premium Provisions
R0150
0
67,409
-53,365
180,340
176,545
-15,803
125,806
115,157
0
0
20,396
132,800
0
0
0
0
749,285
Claims provisions
Gross
R0160
0
1,246,002
3,350,746
963,877
192,328
6,620
1,930,142
930,775
0
0
27,659
37,765
0
0
0
0
8,685,913
Total recoverable from reinsurance/SPV and Finte Re after the adjustment for expected losses due to counterparty default
R0240
0
205
0
1,391
258
0
329,930
124,160
0
0
0
0
0
0
0
0
455,943
Net Best Estimate of Claims Provisions
R0250
0
1,245,797
3,350,746
962,487
192,069
6,620
1,600,213
806,616
0
0
27,659
37,765
0
0
0
0
8,229,970
Total Best estimate - gross
R0260
0
1,311,964
3,295,736
1,142,070
368,392
-9,341
1,994,342
1,071,446
0
0
48,055
170,565
0
0
0
0
9,393,229
Total Best estimate - net
R0270
0
1,313,206
3,297,381
1,142,826
368,614
-9,183
1,726,018
921,773
0
0
48,055
170,565
0
0
0
0
8,979,255
Risk margin
R0280
0
12,561
70,130
14,086
750
22
12,368
13,501
0
0
83
187
0
0
0
0
123,688
Amount of the transitional on Technical Provisions
Technical Provisions calculated as whole
R0290
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Best estimate
R0300
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Risk margin
R0310
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Technical provisions - total
Technical provisions - total
R0320
0
1,324,525
3,365,866
1,156,156
369,142
-9,319
2,006,710
1,084,947
0
0
48,138
170,752
0
0
0
0
9,516,917
Recoverable from reinsurance contract/SPV and Finte Re after the adjustment for expected losses due to counterparty default - total
R0330
0
-1,242
-1,645
-756
-222
-157
268,324
149,673
0
0
0
0
0
0
0
0
413,974
Technical provisions minus recoverables from reinsurance/SPV and Finite Re- total
Gross undiscounted Best Estimate Claims Provisions - absolute amount
Development year
(DKK '000)
Accident year/ Underwriting year
0
1
2
3
4
5
6
7
8
9
10 & +
Year end (discounted data)
Z0020
C0200
C0210
C0220
C0230
C0240
C0250
C0260
C0270
C0280
C0290
C0300
C0360
Prior
R0100
Accident year [AY]
545,147
582,124
N-9
R0160
Accident year [AY]
2,925,903
1,586,485
1,177,625
849,481
554,369
328,622
165,268
172,121
172,970
144,546
158,829
N-8
R0170
Accident year [AY]
3,026,236
1,622,224
1,108,469
705,527
428,001
239,974
168,462
152,349
144,775
158,697
N-7
R0180
Accident year [AY]
2,793,405
1,525,063
993,261
596,503
314,108
270,604
201,087
137,046
154,531
N-6
R0190
Accident year [AY]
2,503,026
1,398,874
655,981
437,583
235,602
158,582
144,103
175,332
N-5
R0200
Accident year [AY]
2,773,247
1,392,096
786,741
437,714
268,939
233,848
276,735
N-4
R0210
Accident year [AY]
2,684,390
1,397,638
902,116
693,756
458,500
439,638
N-3
R0220
Accident year [AY]
2,952,660
1,563,186
1,021,952
741,706
671,667
N-2
R0230
Accident year [AY]
3,228,519
1,773,044
1,203,479
1,077,451
N-1
R0240
Accident year [AY]
3,258,642
1,747,697
1,602,201
N
R0250
Accident year [AY]
3,589,006
3,388,709
Total
R0260
Accident year [AY]
8,685,913
S.23.01.01
Topdanmark Forsikring A/S
2023
S.23.01.01.01 Own funds
(DKK '000)
Total
Tier 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
101200000
101200000
0
Share premium account related to ordinary share capital
R0030
0
0
0
Initial funds, members' contributions or the equivalent basic own - fund item for mutual and mutual-type undertakings
R0040
0
0
0
Subordinated mutual member accounts
R0050
0
0
0
0
Surplus funds
R0070
0
0
Preference shares
R0090
0
0
0
0
Share premium account related to preference shares
R0110
0
0
0
0
Reconciliation reserve
R0130
2966949157
2966949157
Subordinated liabilities
R0140
1100000000
400000000
700000000
0
An amount equal to the value of net deferred tax assets
R0160
0
Other items approved by supervisory authority as basic own funds not specified above
R0180
0
0
0
0
0
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 funds
R0220
0
Deductions
Deductions for participations in financial and credit institutions
R0230
0
0
0
0
0
Total basic own funds after deductions
R0290
4168149157
3068149157
400000000
700000000
0
Ancillary own funds
Unpaid and uncalled ordinary share capital callable on demand
R0300
0
0
Unpaid and uncalled initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual - type undertakings, callable on demand
R0310
0
0
Unpaid and uncalled preference shares callable on demand
R0320
0
0
0
A legally binding commitment to subscribe and pay for subordinated liabilities on demand
R0330
0
0
0
Letters of credit and guarantees under Article 96(2) of the Directive 2009/138/EC
R0340
0
0
Letters of credit and guarantees other than under Article 96(2) of the Directive 2009/138/EC
R0350
0
0
0
Supplementary members calls under first subparagraph of Article 96(3) of the Directive 2009/138/EC
R0360
0
0
Supplementary members calls - other than under first subparagraph of Article 96(3) of the Directive 2009/138/EC
R0370
0
0
0
Other ancillary own funds
R0390
0
0
0
Total ancillary own funds
R0400
0
0
0
Available and eligible own funds
Total available own funds to meet the SCR
R0500
4168149157
3068149157
400000000
700000000
0
Total available own funds to meet the MCR
R0510
4168149157
3068149157
400000000
700000000
Total eligible own funds to meet the SCR
R0540
4166781300
3068149157
400000000
698632143.3
0
Total eligible own funds to meet the MCR
R0550
3593902943
3068149157
400000000
125753785.8
SCR
R0580
1397264287
MCR
R0600
628768929
Ratio of Eligible own funds to SCR
R0620
2.9821
Ratio of Eligible own funds to MCR
R0640
5.7158
S.23.01.01.02 Reconciliation reserve
(DKK '000)
C0060
C0060
Reconciliation reserve
Excess of assets over liabilities
R0700
4068149157
Own shares (held directly and indirectly)
R0710
0
Foreseeable dividends, distributions and charges
R0720
1000000000
Other basic own fund items
R0730
101200000
Adjustment for restricted own fund items in respect of matching adjustment portfolios and ring fenced funds
R0740
0
Reconciliation reserve
R0760
2966949157
Expected profits
Expected profits included in future premiums (EPIFP) - Life business
R0770
0
Expected profits included in future premiums (EPIFP) - Non-life business
R0780
838517124
Total Expected profits included in future premiums (EPIFP)
R0790
838517124
S.25.05.21.01
Topdanmark Forsikring A/S
2023
S.25.05.21.01 Component-specific information
(DKK '000)
Calculation of the Solvency Capital Requirement
Allocation from adjustments due to RFF and Matching adjustments portfolios
Consideration of the future management actions regarding technical provisions and/or deferred taxes
Amount modelled
C0010
C0050
C0060
C0070
Risk type
AR0019
Total diversification
R0020
-668,706
0
No embedded consideration of future management actions
0
Total diversified risk before tax
R0030
1,760,557
0
No embedded consideration of future management actions
0
Total diversified risk after tax
R0040
1,397,264
0
No embedded consideration of future management actions
0
Total market & credit risk
R0070
-1,067,992
0
No embedded consideration of future management actions
0
Market & Credit risk - diversified
R0080
907,357
0
No embedded consideration of future management actions
0
Credit event risk not covered in market & credit risk
R0190
146,740
0
No embedded consideration of future management actions
0
Credit event risk not covered in market & credit risk - diversified
R0200
138,781
0
No embedded consideration of future management actions
0
Total Business risk
R0270
0
0
No embedded consideration of future management actions
0
Total Business risk - diversified
R0280
0
0
No embedded consideration of future management actions
0
Total Net Non-life underwriting risk
R0310
1,119,399
0
No embedded consideration of future management actions
33,849
Total Net Non-life underwriting risk - diversified
R0320
987,944
0
No embedded consideration of future management actions
-413,943
Total Life & Health underwriting risk
R0400
88,566
0
No embedded consideration of future management actions
0
Total Life & Health underwriting risk - diversified
R0410
88,566
0
No embedded consideration of future management actions
0
Total Operational risk
R0480
306,616
0
No embedded consideration of future management actions
0
Total Operational risk - diversified
R0490
306,616
0
No embedded consideration of future management actions
0
Other risk
R0500
0
0
No embedded consideration of future management actions
0
S.25.05.21.02
Topdanmark Forsikring A/S
2023
S.25.05.21.02 Calculation of Solvency Capital Requirement
(DKK '000)
Value
C0100
Total undiversified components
R0110
2,429,263
Diversification
R0060
-668,706
Adjustment due to RFF/MAP nSCR aggregation
R0120
0
Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC
R0160
0
Solvency capital requirement excluding capital add-on
R0200
1,397,264
Capital add-ons already set
R0210
0
of which, capital add-ons already set - Article 37 (1) Type a
R0211
0
of which, capital add-ons already set - Article 37 (1) Type b
R0212
0
of which, capital add-ons already set - Article 37 (1) Type c
R0213
0
of which, capital add-ons already set - Article 37 (1) Type d
R0214
0
Solvency capital requirement
R0220
1,397,264
Other information on SCR
Amount/estimate of the overall loss-absorbing capacity of technical provisions
R0300
0
Amount/estimate of the overall loss-absorbing capacity ot deferred taxes
R0310
-363,293
Capital requirement for duration-based equity risk sub-module
R0400
0
Total amount of Notional Solvency Capital Requirements for remaining part
R0410
0
Total amount of Notional Solvency Capital Requirement for ring fenced funds
R0420
0
Total amount of Notional Solvency Capital Requirement for matching adjustment portfolios
R0430
0
Diversification effects due to RFF nSCR aggregation for article 304
R0440
0
Method used to calculate the adjustment due to RFF/MAP nSCR aggregation
R0450
No adjustment
Net future discretionary benefits
R0460
0
S.25.05.21.03 Approach to tax rate
(DKK '000)
Yes/No
C0109
Approach based on average tax rate
R0590
Approach based on average tax rate
S.25.05.21.04 Calculation of loss absorbing capacity of deferred taxes
(DKK '000)
LAC DT
C0130
LAC DT
R0640
-363,293
LAC DT justified by reversion of deferred tax liabilities
R0650
0
LAC DT justified by reference to probable future taxable economic profit
R0660
-363,293
LAC DT justified by carry back, current year
R0670
0
LAC DT justified by carry back, future years
R0680
0
Maximum LAC DT
R0690
-941,202
S.28.01.01
Topdanmark Forsikring A/S
2023
S.28.01.01.01 Linear formula component for non-life insurance and reinsurance obligations
(DKK '000)
MCR components
C0010
MCRNL Result
R0010
1706493719
S.28.01.01.02 Background information
(DKK '000)
Background information
Net (of reinsurance/SPV) best estimate and TP calculated as a whole
Net (of reinsurance) written premiums in the last 12 months
C0020
C0030
Medical expenses and proportional reinsurance
R0020
0
0
Income protection insurance and proportional reinsurance
R0030
1313205862
1138760794
Workers' compensation insurance and proportional reinsurance
R0040
3297380719
878170691.7
Motor vehicle liability insurance and proportional reinsurance
R0050
1142826194
441933407.7
Other motor insurance and proportional reinsurance
R0060
368614175.4
1876104079
Marine, aviation and transport insurance and proportional reinsurance
R0070
0
68808811.28
Fire and other damage to property insurance and proportional reinsurance
R0080
1726018121
3961286651
General liability insurance and proportional reinsurance
R0090
921772815.5
577299636.7
Credit and suretyship insurance and proportional reinsurance
R0100
0
0
Legal expenses insurance and proportional reinsurance
R0110
0
0
Assistance and its proportional reinsurance
R0120
48055124.69
205411135
Miscellaneous financial loss insurance and proportional reinsurance
R0130
170565232.6
117074490.9
Non-proportional health reinsurance
R0140
0
0
Non-proportional casualty reinsurance
R0150
0
0
Non-proportional marine, aviation and transport reinsurance
R0160
0
0
Non-proportional property reinsurance
R0170
0
0
S.28.01.01.03 Linear formula component for life insurance and reinsurance obligations
(DKK '000)
Result
C0040
MCRL Result
R0200
56562577.43
S.28.01.01.04 Total capital at risk for all life (re)insurance obligations
(DKK '000)
Net (of reinsurance/SPV) best estimate and TP calculated as a whole
Net (of reinsurance/SPV) total capital at risk
C0050
C0060
Obligations with profit participation - guaranteed benefits
R0210
0
Obligations with profit participation - future discretionary benefits
R0220
0
Index-linked and unit-linked insurance obligations
R0230
0
Other life (re)insurance and health obligations
R0240
2693456068
Capital at risk for all life (re)insurance obligations
R0250
0
S.28.01.01.05 Overall MCR calculation
(DKK '000)
Value
C0070
Linear MCR
R0300
1763056297
SCR
R0310
1397264287
MCR cap
R0320
628768928.9
MCR floor
R0330
349316071.6
Combined MCR
R0340
628768928.9
Absolute floor of the MCR
R0350
18632250
Minimum Capital Requirement
R0400
628768928.9
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Topdanmark A/S 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 14:35:06 UTC.
Topdanmark A/S is a Denmark-based insurance company engaged in the insurance and pension fund business. The Companyâs activities are divided into such segments, as Personal, and SME (Small and Medium Enterprises) and Industrial. The Personal segment sells policies for individual households in Denmark. The SME and Industrial segment offers policies for Denmark-based SME, agricultural and industrial businesses. The Companyâs private insurance offering includes such insurance products, as home, vehicle, accident, pet, child and life and health insurance, as well as pension funds. Its corporate insurance offering includes property insurance, insurance of goods and equipment, and car insurance, among others. As of December 31, 2012, it had subsidiaries responsible for life and non-life insurance, as well as for asset management, investment and property-related activities.