SFCR 2024: RGA Seguros Generales Rural drivers of SCR ratio

Figures published in the RGA Seguros Generales Rural 2024 SFCR show the Spanish group solvency ratio continues to rise since 2020, and now stands at 399%.

RGA Seguros Generales Rural drivers of SCR ratio 2016 2024
SOURCE: Solvency II Wire Data

The key drives of the ratio have been successive increases in the EOF and lower changes in the SCR.

RGA Seguros Generales Rural relies almost exclusively on tier 1 capital to support its EOF, steadily reducing the levels of tier 1 unrestricted capital over the years.

RGA Seguros Generales Rural eligible own funds 2016 2024
SOURCE: Solvency II Wire Data

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