Investor Presentaiton
Impact to KPIs (cont'd)
CSM
Shareholder's equity
ROE
Sampo Group
Limited impact of overall
CSM as UL savings
policies (including all UL
new business) are
accounted for under
IFRS 9
►Increase due to the wider
discounting of claims
reserves
Not commented
►Slightly lower due to
higher equity
Financial leverage ratio
Storebrand
New component to the
balance sheet
Key driver for operating
profit u/IFRS 17
Equity expected to be
lower by 20% due to the
requirement to set up a
CSM and RA
Higher due to the lower
IFRS 17 equity
►Will reduce due to the
CSM addition at the
denominator
Sun Life
► Significantly larger and
more stable than existing
reinvestment PfA Ds¹
Decrease driven by new
CSM liability
Expected to increase due
to transfer of equity to
liabilities (for CSM
establishment)
Not commented
Talanx
CSM end balance
expected to increase
Expected to be stable for
P&C due to consistent
discounting of assets and
liabilities
► Significant initial drop for
L&H due to rise in
liabilities and loss
recognition results
For long-term technical
performance, additional
communication of RoE
excluding earnings from
SPPI-fail assets
► Not commented
Zurich
New business CSM, a new
ΚΡΙ
▸ Decrease mainly driven
by introduction of CSM
and discounting of long-
term liabilities
►Higher due to impact on
denominator (equity
adjusted for unrealized
gains/losses related to
assets and liabilities)
►Economic leverage
expected to remain
unchanged post IFRS 17
transition
1 Provisions for Adverse Deviation
30
Market updates on impact of IFRS 17 and IFRS 9
EYView entire presentation