Investor Presentaiton
27
New Business Value and NBV Margin will be the main activity indicators for L&S
IFRS17 New Business Value ('NBV')
The NBV will be adjusted to include New business CSM¹ (ca. 90% of the
total NBV), calculated on a risk-neutral basis, which will provide a
significant input into future profitability for long-term products
Additionally, as is currently done, the NBV will include expected future
profits from:
‣ short-term Life & Health insurance business
▸ pure investment business accounted for under IFRS9
The NBV will also include losses emerging from new onerous contracts
IFRS17 New Business Value expected broadly in line with
current framework
NBV Margin
The NBV margin is based on the present value of expected new
business premiums instead of APE
NBV
Margin
=
IFRS17 New Business Value
Present Value of Expected Premiums²
A more economic NBV margin
IFRS17 Presentation | November 3, 2022
All notes are on pages 38-41
Back to Agenda
AYAView entire presentation