NN Group published its 2023 SFCR earlier than the official publication date for groups (19 May). It is one of the few groups, alongside a handful of solo entities, releasing their 2023 Solvency II public disclosures early.
NN Group SCR ratio unchanged in 2023
The group’s SCR ratio remains unchanged from last year at 197%, which is the lowest it has been since the first publication in 2016 (241%).
Over the period the ratio fluctuated peaking at 230% in 2018. The chart below shows the SCR ratio drivers over the entire period.
The main SCR ratio driver in 2018 was a 9% increase in Eligible Own Funds (EOF) and a 6% drop in the Solvency Capital Ratio (SCR).
Eligible own funds
NN Group reported EOF of EUR 17, 691 million, an increase of 35% since 2016. The group reported an increase in both tier 2 and tier 3 EOF (see chart below)
The group did not use any of the new QRT templates and reported partial internal model information in template S.25.02.
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