SFCR 2023: Drivers of Solvency II ratio change 7 European insurance groups 2022 – 2023

Early reporting of Solvency II SFCRs and QRTs of some of the major European insurance groups continues.

The chart below shows the drivers of Solvency II ratio change of the likes of NN Group, Legal and General, ASR and LV=.

Drivers of solvency ratio change 7 European insurance groups 2022 2023
SOURCE: Solvency II Wire Data

The drivers of the ratio change vary considerably between each firm. The largest ratio increase reported by St Jame’s Place was mostly due to a smaller decrease in its own funds relative to the SCR.

At the other end of the scale ASR saw a significant drop in its coverage ratio, driven mostly by larger increase in its SCR.


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Groups with largest risk margin S.02.01.02_R0550_C0100
Groups with largest risk margin S.02.01.02_R0550_C0100
SOURCE: Solvency II Wire Data