Sydkraft Försäkring AB, the Swedish insurer reported a solvency capital ratio of 266% in 2023. The figures are reported in its Solvency and Financial Condition Report (SFCR), which the company has been publishing since 2016.
The ratio is the lowest Solvency II ratio reported by the company since 2016 and is driven by an increase in the Solvency Capital Requirement (SCR); which is the highest reported to date.
The company relies entirely on tier 1 restricted capital for its eligible regulatory capital (EOF).
