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    S.28.01 — Minimum Capital Requirement — Only life or only non-life insurance or reinsurance activity Solo

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    S.28.01 — Minimum Capital Requirement — Only life or only non-life insurance or reinsurance activity PDF · reporting-explanations/EIOPA_Solvency_II/2.8.0/EIOPA_S.28.01_solo.pdf
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    Converted from the official instructions so it can be searched and copied. The PDF above is the document of record.

    S.28.01 — Minimum Capital Requirement — Only life or only non-life insurance or reinsurance activity

    General comments:

    This section relates to opening, quarterly and annual submission of information for individual entities.

    In particular, S.28.01 is to be submitted by insurance and reinsurance undertakings other than insurance undertakings engaged in both life and non-life insurance activity. These undertakings shall submit S.28.02 instead.

    This template shall be completed on the basis of Solvency II valuation, i.e. written premiums are defined as the premiums due to be received by the undertaking in the period (as defined in Article 1(11) of Delegated Regulation (EU) 2015/35).

    All references to technical provisions address technical provisions after application of Long Term Guarantee measures and transitionals.

    The calculation of MCR combines a linear formula with a floor of 25 % and a cap of 45 % of the SCR. The MCR is subject to an absolute floor depending on the nature of the undertaking (as defined in Article 129 (1) (d) of Directive 2009/138/EC).

    ITEMINSTRUCTIONS
    C0010/R0010Linear formula component
    for non-life insurance and
    reinsurance obligations — MCRNL
    Result    		This is the linear formula component for
    non-life insurance and reinsurance
    obligations calculated in accordance with
    Article 250 of Delegated Regulation (EU)
    2015/35.
    C0020/R0020Medical expense insurance
    and proportional reinsurance
    — Net (of reinsurance/SPV)
    best estimate and TP
    calculated as a whole    		These are the technical provisions for
    medical expense insurance and proportional
    reinsurance, without risk margin after
    deduction of the amounts recoverable from
    reinsurance contracts and SPVs, with a floor
    equal to zero.
    C0030/R0020Medical expense insurance
    and proportional reinsurance
    — net (of reinsurance)
    written premiums in the last
    12 months    		These are the premiums written for medical
    expense insurance and proportional
    reinsurance during the (rolling) last 12
    months, after deduction of premiums for
    reinsurance contracts, with a floor equal to
    zero. Amount of taxes or charges levied with
    premiums shall be excluded from the written
    premiums.
    C0020/R0030Income protection insurance
    and proportional reinsurance
    — net (of reinsurance/SPV)    		These are the technical provisions for
    income protection insurance and
    proportional reinsurance, without risk
    margin after deduction of the amounts
    best estimate and TP
    calculated as a whole    		recoverable from reinsurance contracts and
    SPVs, with a floor equal to zero.
    C0030/R0030Income protection insurance
    and proportional reinsurance
    — net (of reinsurance)
    written premiums in the last
    12 months    		These are the premiums written for income
    protection insurance and proportional
    reinsurance during the (rolling) last 12
    months, after deduction of premiums for
    reinsurance contracts, with a floor equal to
    zero. Amount of taxes or charges levied with
    premiums shall be excluded from the written
    premiums.
    C0020/R0040Workers’ compensation
    insurance and proportional
    reinsurance — net (of
    reinsurance/SPV) best
    estimate and TP calculated as
    a whole    		These are the technical provisions for
    workers’ compensation insurance and
    proportional reinsurance, without risk
    margin after deduction of the amounts
    recoverable from reinsurance contracts and
    SPVs, with a floor equal to zero.
    C0030/R0040Workers’ compensation
    insurance and proportional
    reinsurance — net (of
    reinsurance) written
    premiums in the last 12
    months    		These are the premiums written for workers’
    compensations insurance and proportional
    reinsurance during the (rolling) last 12
    months, after deduction of premiums for
    reinsurance contracts, with a floor equal to
    zero. Amount of taxes or charges levied with
    premiums shall be excluded from the written
    premiums.
    C0020/R0050Motor
    vehicle liability
    insurance and proportional
    reinsurance — net (of
    reinsurance/SPV) best
    estimate and TP calculated as
    a whole    		These are the technical provisions for motor
    vehicle liability insurance and proportional
    reinsurance, without risk margin after
    deduction of the amounts recoverable from
    reinsurance contracts and SPVs, with a floor
    equal to zero.
    C0030/R0050Motor vehicle liability
    insurance and proportional
    reinsurance — net (of
    reinsurance) written
    premiums in the last 12
    months    		These are the premiums written for motor
    vehicle liability insurance and proportional
    reinsurance during the (rolling) last 12
    months, after deduction of premiums for
    reinsurance contracts, with a floor equal to
    zero. Amount of taxes or charges levied with
    premiums shall
    be excluded from the written
    premiums.
    C0020/R0060Other motor insurance and
    proportional reinsurance — net (of reinsurance/SPV) best    		These are the technical provisions for other
    motor insurance and proportional
    reinsurance, without risk margin after
    deduction of the amounts recoverable from
    estimate and TP calculated as
    a whole    		reinsurance contracts and SPVs, with a floor
    equal to zero.
    C0030/R0060Other motor insurance and
    proportional reinsurance — net (of reinsurance) written
    premiums in the last 12
    months    		These are the premiums written for other
    motor insurance and proportional
    reinsurance during the (rolling) last 12
    months, after deduction of premiums for
    reinsurance contracts, with a floor equal to
    zero. Amount of taxes or charges levied with
    premiums shall be excluded from the written
    premiums.
    C0020/R0070Marine, aviation and
    transport insurance and
    proportional reinsurance — net (of reinsurance/SPV) best
    estimate and TP calculated as
    a whole    		These are the technical provisions for
    marine, aviation and transport insurance and
    proportional reinsurance, without risk
    margin after deduction of the amounts
    recoverable from reinsurance contracts and
    SPVs, with a floor equal to zero.
    C0030/R0070Marine, aviation and
    transport insurance and
    proportional reinsurance — net (of reinsurance) written
    premiums in the last 12
    months    		These are the premiums written for marine,
    aviation and transport insurance and
    proportional reinsurance during the (rolling)
    last 12 months, after deduction of premiums
    for reinsurance contracts, with a floor equal
    to zero. Amount of taxes or charges levied
    with premiums shall be excluded from the
    written premiums.
    C0020/R0080Fire and other damage to
    property insurance and
    proportional reinsurance — net (of reinsurance/SPV) best
    estimate and TP calculated as
    a whole    		These are the technical provisions for fire
    and other damage to property insurance and
    proportional reinsurance, without risk
    margin after deduction of the amounts
    recoverable from reinsurance contracts and
    SPVs, with a floor equal to zero.
    C0030/R0080Fire and other damage to
    property insurance and
    proportional reinsurance — net (of reinsurance) written
    premiums in the last
    12
    months    		These are the premiums written for fire and
    other damage to property insurance and
    proportional reinsurance during the (rolling)
    last 12 months, after deduction of premiums
    for reinsurance contracts, with a floor equal
    to zero. Amount of taxes or charges levied
    with premiums shall be excluded from the
    written premiums.
    C0020/R0090General liability insurance
    and proportional reinsurance
    — net (of reinsurance/SPV)    		These are the technical provisions for
    general liability insurance and proportional
    reinsurance, without risk margin after
    deduction of the amounts recoverable from
    best estimate and TP
    calculated as a whole    		reinsurance contracts and SPVs, with a floor
    equal to zero.
    C0030/R0090General liability insurance
    and proportional reinsurance
    — net (of reinsurance)
    written premiums in the last
    12 months    		These are the premiums written for general
    liability insurance and proportional
    reinsurance during the (rolling) last 12
    months, after deduction of premiums for
    reinsurance contracts, with a floor equal to
    zero. Amount of taxes or charges levied with
    premiums shall be excluded from the written
    premiums.
    C0020/R0100Credit and suretyship
    insurance and proportional
    reinsurance — net (of
    reinsurance/SPV) best
    estimate and TP calculated as
    a whole    		These are the technical provisions for credit
    and suretyship insurance and proportional
    reinsurance, without risk margin after
    deduction of the amounts recoverable from
    reinsurance contracts and SPVs, with a floor
    equal to zero.
    C0030/R0100Credit and suretyship
    insurance and proportional
    reinsurance — net (of
    reinsurance) written
    premiums in the last 12
    months    		These are the premiums written for credit
    and suretyship insurance and proportional
    reinsurance during the (rolling) last 12
    months, after deduction of premiums for
    reinsurance contracts, with a floor equal to
    zero. Amount of taxes or charges levied with
    premiums shall be excluded from the written
    premiums.
    C0020/R0110Legal expenses insurance
    and proportional reinsurance
    — net (of reinsurance/SPV)
    best estimate and TP
    calculated as a whole    		These are the technical provisions for legal
    expenses insurance and proportional
    reinsurance, without risk margin after
    deduction of the amounts recoverable from
    reinsurance contracts and SPVs, with a floor
    equal to zero.
    C0030/R0110Legal expenses insurance
    and proportional reinsurance
    — net (of reinsurance)
    written premiums in the last
    12 months    		These are the premiums written for legal
    expenses insurance and proportional
    reinsurance during the (rolling) last 12
    months, after deduction of premiums for
    reinsurance contracts, with a floor equal to
    zero. Amount of taxes or charges levied with
    premiums shall be excluded from the written
    premiums.
    C0020/R0120Assistance and proportional
    reinsurance — net (of
    reinsurance/SPV) best    		These are the technical provisions for
    assistance and proportional reinsurance,
    without risk margin after deduction of the
    amounts
    recoverable from reinsurance
    estimate and TP calculated as
    a whole    		contracts and SPVs, with a floor equal to
    zero.
    C0030/R0120Assistance and proportional
    reinsurance — net (of
    reinsurance) written
    premiums in the last 12
    months    		These are the premiums written for
    assistance and proportional reinsurance
    during the (rolling) last 12 months, after
    deduction of premiums for reinsurance
    contracts, with a floor equal to zero. Amount
    of taxes or charges levied with premiums
    shall be excluded from the written
    premiums.
    C0020/R0130Miscellaneous financial loss
    insurance and proportional
    reinsurance — net (of
    reinsurance/SPV) best
    estimate and TP calculated as
    a whole    		These are the technical provisions for
    miscellaneous financial loss insurance and
    proportional reinsurance, without risk
    margin after deduction of the amounts
    recoverable from reinsurance contracts and
    SPVs, with a floor equal to zero.
    C0030/R0130Miscellaneous financial loss
    insurance and proportional
    reinsurance — net (of
    reinsurance) written
    premiums in the last 12
    months    		These are the
    premiums written for
    miscellaneous financial loss insurance and
    proportional reinsurance during the (rolling)
    last 12 months, after deduction of premiums
    for reinsurance contracts, with a floor equal
    to zero. Amount of taxes or charges levied
    with premiums shall be excluded from the
    written premiums.
    C0020/R0140Non-proportional health
    reinsurance — net (of
    reinsurance/SPV) and best
    estimate TP calculated as a
    whole    		These are the technical provisions for non – proportional health reinsurance, without risk
    margin after deduction of the amounts
    recoverable from reinsurance contracts and
    SPVs, with a floor equal to zero.
    C0030/R0140Non-proportional health
    reinsurance — net (of
    reinsurance) written
    premiums in the last 12
    months    		These are the premiums written for non – proportional health reinsurance during the
    (rolling) last 12 months, after deduction of
    premiums for reinsurance contracts, with a
    floor equal to zero. Amount of taxes or
    charges levied with premiums shall be
    excluded from the written premiums.
    C0020/R0150Non-proportional casualty
    reinsurance — net (of
    reinsurance/SPV) and best
    estimate TP calculated as a
    whole    		These are the technical provisions for non – proportional casualty reinsurance, without
    risk margin after deduction of the amounts
    recoverable from reinsurance contracts and
    SPVs, with a floor equal to zero.
    C0030/R0150Non-proportional casualty
    reinsurance — net (of
    reinsurance) written
    premiums in the last 12
    months    		These are the premiums written for non – proportional casualty reinsurance during the
    (rolling) last 12 months, after deduction of
    premiums for reinsurance contracts, with a
    floor equal to zero. Amount of taxes or
    charges shall be excluded from the written
    premiu levied with premiums ms.
    C0020/R0160Non-proportional marine,
    aviation and transport
    reinsurance — net (of
    reinsurance/SPV) best
    estimate and TP calculated as
    a whole    		These are the technical provisions for non – proportional marine, aviation and transport
    reinsurance, without risk margin after
    deduction of the amounts recoverable from
    reinsurance contracts and SPVs, with a floor
    equal to zero.
    C0030/R0160Non-proportional marine,
    aviation and transport
    reinsurance — net (of
    reinsurance) written
    premiums in the last 12
    months    		These are the premiums written for non – proportional marine, aviation and transport
    reinsurance during the (rolling) last 12
    months, after deduction of premiums for
    reinsurance contracts, with a floor equal to
    zero. Amount of taxes or charges levied with
    premiums shall be excluded from the written
    premiums.
    C0020/R0170Non-proportional property
    reinsurance — net (of
    reinsurance/SPV) best
    estimate and TP calculated as
    a whole    		These are the technical provisions for non – proportional property reinsurance, without
    risk margin after deduction of the amounts
    recoverable from reinsurance contracts and
    SPVs, with a floor equal to zero.
    C0030/R0170Non-proportional property
    reinsurance — net
    (of
    reinsurance) written
    premiums in the last 12
    months    		These are the premiums written for non – proportional property reinsurance during the
    (rolling) last 12 months, after deduction of
    premiums for reinsurance contracts, with a
    floor equal to zero. Amount
    of taxes or
    charges levied with premiums shall be
    excluded from the written premiums.
    C0040/R0200Linear formula component
    for life insurance and
    reinsurance obligations — MCRL
    Result    		This is the result of the linear formula
    component for life insurance or reinsurance
    obligations calculated in accordance with
    Article 251 of Delegated Regulation (EU)
    2015/35.
    C0050/R0210Obligations with profit
    participation — guaranteed
    benefits — Net (of    		These are the technical provisions without a
    risk margin in relation to guaranteed benefits
    for life insurance obligations with profit
    reinsurance/SPV) best
    estimate and TP calculated as
    a whole    		participation, after deduction of the amounts
    recoverable from reinsurance contracts and
    SPVs, with a floor equal to zero and
    technical provisions without a risk margin
    for reinsurance obligations where the
    underlying life insurance obligations include
    profit participation, after deduction of the
    amounts recoverable from reinsurance
    contracts and SPVs, with a floor equal to
    zero.
    C0050/R0220Obligations with profit
    participation — future
    discretionary benefits — Net
    (of reinsurance/SPV) best
    estimate and TP calculated as
    a whole    		These are the technical provisions without a
    risk margin in relation to future discretionary
    benefits for life insurance obligations with
    profit participation, after deduction of the
    amounts recoverable from reinsurance
    contracts and SPVs, with a floor equal to
    zero.
    C0050/R0230Index-linked and unit-linked
    insurance obligations — Net
    (of reinsurance/SPV) best
    estimate and TP calculated as
    a whole    		These are the technical provisions without a
    risk margin for index-linked and unit-linked
    life insurance obligations and reinsurance
    obligations relating to such insurance
    obligations, after deduction of the amounts
    recoverable from reinsurance contracts and
    SPVs, with a floor equal to zero.
    C0050/R0240Other life (re)insurance and
    health (re)insurance
    obligations — Net (of
    reinsurance/SPV) best
    estimate and TP calculated as
    a whole    		These are the technical provisions without a
    risk margin for all other life insurance
    obligations and reinsurance obligations
    relating to such insurance obligations, after
    deduction of the amounts recoverable from
    reinsurance contracts and SPVs, with a floor
    equal to zero.
    Annuities related to non-life contracts shall
    be reported here.
    C0060/R0250Total capital at risk for all
    life (re)insurance obligations
    — Net (of reinsurance/SPV)
    total capital at risk    		These are the total capital at risk, being the
    sum in relation to all
    contracts that give rise
    to life insurance or reinsurance obligations
    of the capital at risk of the contracts.
    C0070/R0300Overall MCR calculation — Linear MCRThe linear Minimum Capital Requirement
    shall equal to the sum of the MCR linear
    formula component for non-life insurance
    and reinsurance and the MCR linear formula
    component for life insurance and
    reinsurance obligations calculated in
    accordance with Article 249 of Delegated
    Regulation (EU) 2015/35.
    C0070/R0310Overall MCR calculation — SCRThis is the latest SCR to be calculated and
    reported in accordance with Articles 103 to
    127 of Directive 2009/138/EC, either the
    annual one or a more recent one in case the
    SCR has been recalculated (e.g. due to a
    change in risk profile), including capital add
    on. Undertakings using internal model or
    partial internal model to calculate the SCR
    shall refer to the relevant SCR, except where
    under Article 129 (3) of Directive
    2009/138/EC the national supervisory
    authority requires a reference to the standard
    formula.
    C0070/R0320Overall MCR calculation — MCR capThis is calculated as 45 % of the SCR
    including any capital add-on in accordance
    with Art 129 (3) of the Directive
    2009/138/EC.
    C0070/R0330Overall MCR calculation — MCR floorThis is calculated as 25 % of the SCR
    including any capital add-on in accordance
    with Art 129 (3) of the Directive
    2009/138/EC.
    C0070/R0340Overall MCR calculation — Combined MCRThis is the result of the formula component
    calculated in accordance with Article 248 (2)
    of Delegated Regulation (EU) 2015/35.
    C0070/R0350Overall MCR calculation — Absolute floor of the MCRThis is calculated as defined in Art 129(1) d
    of Directive 2009/138/EC.
    C0070/R0400Minimum Capital
    Requirement    		This is the result of the formula component
    calculated in accordance with Article 248 (1)
    of Delegated Regulation (EU) 2015/35.