SIDOBRE RE S.A., the Luxembourg based captive insurer, published a solvency capital ratio of 243% in its 2023 SFCR. The figures show a consistant rise in the ratio since 2020.
In 2019 the company’s solvency ratio spiked at 472%, which was mostly owing to a drop in the SCR for the second year running.
The SCR recovered in 2021 and has remained stable since. The rise in the Solvency II ratio is largely due to an increase in the Eligible Own Funds to meet the SCR.
Over the period 2016 – 2023 all three metrics exhibit a rising trend.
Translation of the report text is available within the Solvency II Wire Data service.
