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£'000

Minimum Capital Requirement (MCR) 3,951

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Total eligible capital 44,374

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General information

Undertaking name Ecclesiastical Life Limited

Undertaking identification code 213800I6N42TMC2CCC49

Type of code of undertaking LEI

Type of undertaking Life undertakings

Country of authorisation GB

Language of reporting en

Reporting reference date 31 December 2016

Currency used for reporting GBP

Accounting standards The undertaking is using IFRS

Method of Calculation of the SCR Standard formula

Matching adjustment No use of matching adjustment

Volatility adjustment Use of volatility adjustment

Transitional measure on the risk-free interest rate No use of transitional measure on the risk-free interest rate

Transitional measure on technical provisions No use of transitional measure on technical provisions

List of reported templates

S.02.01.02 - Balance sheet

S.05.01.02 - Premiums, claims and expenses by line of business

S.05.02.01 - Premiums, claims and expenses by country

S.12.01.02 - Life and Health SLT Technical Provisions

S.22.01.21 - Impact of long term guarantees measures and transitionals

S.23.01.01 - Own Funds

S.25.01.21 - Solvency Capital Requirement - for undertakings on Standard Formula

S.28.01.01 - M inimum Capital Requirement - Only life or only non-life insurance or reinsurance activity


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S.02.01.02

Balance sheet

Solvency II

value

Assets C0010

R0030 Intangible assets

R0040 Deferred tax assets

R0050 Pension benefit surplus

R0060 Property, plant & equipment held for own use 0

R0070 Investments (other than assets held for index-linked and unit-linked contracts) 138,846

R0080 Property (other than for own use) 375

R0090 Holdings in related undertakings, including participations 0

R0100 Equities 5,663

R0110 Equities - listed 5,663

R0120 Equities - unlisted 0

R0130 Bonds 107,813

R0140 Government Bonds 56,568

R0150 Corporate Bonds 50,199

R0160 Structured notes 0

R0170 Collateralised securities 1,046

R0180 Collective Investments Undertakings 24,995

R0190 Derivatives

R0200 Deposits other than cash equivalents 0

R0210 Other investments 0

R0220 Assets held for index-linked and unit-linked contracts

R0230 Loans and mortgages 0

R0240 Loans on policies 0

R0250 Loans and mortgages to individuals

R0260 Other loans and mortgages

R0270 Reinsurance recoverables from: 0

R0280 Non-life and health similar to non-life 0

R0290 Non-life excluding health

R0300 Health similar to non-life

R0310 Life and health similar to life, excluding index-linked and unit-linked 0

R0320 Health similar to life 0

R0330 Life excluding health and index-linked and unit-linked 0

R0340 Life index-linked and unit-linked 0

R0350 Deposits to cedants 0

R0360 Insurance and intermediaries receivables

R0370 Reinsurance receivables

R0380 Receivables (trade, not insurance)

R0390 Own shares (held directly) 0

R0400Amounts due in respect of own fund items or initial fund called up but not yet

paid in0

R0410 Cash and cash equivalents 2,695

R0420 Any other assets, not elsewhere shown 92

R0500 Total assets 141,632


FRXV -1 `W ./

Solvency II

value

Liabilities C0010

R0510 Technical provisions - non-life 0

R0520 Technical provisions - non-life (excluding health) 0

R0530 TP calculated as a whole

R0540 Best Estimate

R0550 Risk margin

R0560 Technical provisions - health (similar to non-life) 0

R0570 TP calculated as a whole

R0580 Best Estimate

R0590 Risk margin

R0600 Technical provisions - life (excluding index-linked and unit-linked) 94,997

R0610 Technical provisions - health (similar to life) 0

R0620 TP calculated as a whole 0

R0630 Best Estimate 0

R0640 Risk margin 0

R0650 Technical provisions - life (excluding health and index-linked and unit-linked) 94,997


R0670 Best Estimate 92,259

R0680 Risk margin 2,737

R0690 Technical provisions - index-linked and unit-linked 0


R0710 Best Estimate 0

R0720 Risk margin 0

R0740 Contingent liabilities

R0750 Provisions other than technical provisions

R0760 Pension benefit obligations

R0770 Deposits from reinsurers

R0780 Deferred tax liabilities 1,619

R0790 Derivatives

R0800 Debts owed to credit institutions

R0810 Financial liabilities other than debts owed to credit institutions

R0820 Insurance & intermediaries payables

R0830 Reinsurance payables

R0840 Payables (trade, not insurance) 643

R0850 Subordinated liabilities 0

R0860 Subordinated liabilities not in BOF

R0870 Subordinated liabilities in BOF 0

R0880 Any other liabilities, not elsewhere shown

R0900 Total liabilities 97,258

R1000 Excess of assets over liabilities 44,374


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guaran

tees

Con

tracts

with

optio

ns

or

gu

aran

tees

Contrac

ts

with

out

optio

ns an

d

guara

nte

es

Con

tracts

with

optio

ns

or

gu

aran

tee

s

Contra

cts

with

out

op

tions a

nd

guara

nte

es

Contra

cts

with

op

tions o

r

guara

nte

es

C002

0C0030

C00

40

C005

0C006

0C0070

C00

80

C00

90C01

00

C01

50

C01

60

C017

0C018

0C0190

C02

00

C021

0

R00

10

Technic

al pro

visions c

alc

ula

ted a

s a w

hole

0

R00

20

Tota

l Recove

rable

s from

rein

sura

nce/SP

V a

nd F

inite

Re a

fter

the a

dju

stmen

t for e

xpecte

d lo

sses d

ue

to c

ounte

rparty

defa

ult

asso

ciate

d to

TP c

alcula

ted a

s a w

hole

0

Technic

al pro

visions c

alc

ula

ted a

s a su

m o

f BE a

nd R

M

Best e

stimate

R003

0G

ross B

est E

stimate

92,259

92,2

59

R008

0

Tota

l Recove

rable

s from

rein

sura

nce/SP

V a

nd F

inite

Re a

fter

the a

dju

stmen

t for e

xpecte

d lo

sses d

ue

to c

ounte

rparty

defa

ult

0

R009

0B

est e

stimate

min

us re

cove

rable

s from

rein

sura

nce

/SPV

and

Finite

Re

092,25

992,2

59

R010

0R

isk m

arg

in2,7

37

2,7

37

Am

ou

nt o

f the tran

sition

al on T

echnic

al Pro

visio

ns

R011

0T

echnic

al P

rovisio

ns c

alculate

d a

s a w

ho

le0

R012

0B

est e

stimate

0

R013

0R

isk m

argin

0

R020

0T

echnic

al pro

visions - to

tal

94,9

97

94,9

97

Health

insu

rance (d

irect b

usin

ess)

Annu

ities

stem

min

g fro

m

non-life

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ran

ce

contra

cts a

nd

relatin

g to

he

alth

insu

ran

ce

ob

ligatio

ns

Health

rein

sura

nce

(rein

sura

nce

acce

pte

d)

Tota

l (Health

similar to

life

insu

rance)

Insu

ran

ce

with

pro

fit

particip

ation

Index-lin

ke

d an

d u

nit-lin

ked

insu

rance

Oth

er life

insu

rance

An

nuitie

s

stem

min

g fro

m

non-life

insu

rance

con

tracts a

nd

relatin

g to

insu

rance

obliga

tion

oth

er th

an

health

insu

rance

Accepte

d

rein

sura

nce

Tota

l

(Life

oth

er

than h

ealth

insu

rance,

inclu

din

g

Unit-

Lin

ke

d)


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S.22.0

1.2

1

Impact o

f long te

rm g

uara

nte

es m

easu

res a

nd tra

nsitio

nals

Am

ount w

ith

Long T

erm

Guaran

tee

measu

res an

d

transitio

nals

Impact o

f

transitio

nal o

n

tech

nic

al

pro

visions

Impac

t of

transitio

nal o

n

inte

rest rate

Impact o

f

volatility

adju

stment

set to

zero

Impact o

f

match

ing

adju

stment

set to

zero

C0010

C0030

C0050

C0070

C0090

R0010

Tech

nical p

rovisio

ns

94,99

70

03,532

0

R0020

Basic o

wn fu

nds

44,37

40

0-3,532

0

R0050

Eligib

le o

wn fu

nds to

meet So

lvency

Cap

ital Require

ment

44,37

40

0-3,532

0

R0090

Solve

ncy

Cap

ital Require

ment

15,80

54

0217

0

R0100

Eligib

le o

wn fu

nds to

meet M

inim

um

Cap

ital Require

ment

44,37

40

0-3,532

0

R0110

Min

imum

Cap

ital R

equire

ment

3,951

10

540


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3.0

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Ow

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ow

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efo

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eductio

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ipatio

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oth

er fin

ancia

l secto

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5Tota

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Tie

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C0010

C0020

C0030

C00

40

C005

0

R0010

Ord

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share

capita

l (gross o

f ow

n sh

are

s)10,0

00

10,0

00

0

R0030

Share

pre

miu

m a

ccount re

late

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ord

inary

share

capita

l0

00

R0040

Initial fu

nds, m

em

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ontrib

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quiva

lent b

asic o

wn-fu

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m fo

r mutu

al a

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utu

al-ty

pe u

nderta

kin

gs

00

0

R0050

Subord

inate

d m

utu

al m

em

ber a

ccounts

00

00

R0070

Surp

lus fu

nds

00

R0090

Pre

fere

nce sh

are

s0

00

0

R0110

Share

pre

miu

m a

ccount re

late

d to

pre

fere

nce sh

are

s0

00

0

R0130

Reconcilia

tion re

serve

34,3

74

34,3

74

R0140

Subord

inate

d lia

bilitie

s0

00

0

R0160

An a

mount e

qual to

the va

lue o

f net d

efe

rred ta

x a

ssets

00

R0180

Oth

er o

wn fu

nd ite

ms a

ppro

ved b

y th

e su

perviso

ry a

uth

ority

as b

asic

ow

n fu

nds n

ot sp

ecifie

d ab

ove

0

00

00

R0220

Ow

n fu

nds fro

m th

e fin

ancia

l state

ments th

at sh

ould

not b

e re

pre

sente

d b

y th

e re

concilia

tion re

serv

e a

nd d

o n

ot m

eet th

e crite

ria to

be c

lassifie

d as S

olv

ency II o

wn fu

nds

0

R0230

Deductio

ns fo

r partic

ipatio

ns in

financia

l and c

red

it institu

tions

0

R0290

Tota

l basic

ow

n fu

nds afte

r deductio

ns

44,3

74

44,3

74

00

0

Ancilla

ry o

wn fu

nds

R0300

Unpaid

and u

ncalle

d o

rdin

ary

share

capita

l calla

ble

on d

em

and

0

R0310

Unpaid

and u

ncalle

d in

itial fu

nds, m

em

bers' c

ontrib

utio

ns o

r the e

quiva

lent b

asic

ow

n fu

nd ite

m fo

r mutu

al a

nd m

utu

al - ty

pe u

nderta

kings, c

alla

ble

on d

em

and

0

R0320

Unpaid

and u

ncalle

d p

refe

rence sh

are

s calla

ble

on d

em

and

0

R0330

A le

gally b

indin

g c

om

mitm

ent to

subsc

ribe a

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ay fo

r subord

inate

d lia

bilitie

s on d

em

and

0

R0340

Lette

rs of c

redit a

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uaran

tees u

nder A

rticle

96(2

) of th

e D

irective

2009/

138/EC

0

R0350

Lette

rs of c

redit a

nd g

uara

nte

es o

ther th

an u

nder A

rticle

96(2

) of th

e D

irective

2009/138/E

C0

R0360

Supple

menta

ry m

em

bers c

alls u

nder first su

bpara

gra

ph o

f Artic

le 9

6(3

) of th

e D

irective

2009

/138/EC

0

R0370

Supple

menta

ry m

em

bers c

alls - o

ther th

an u

nder first su

bpara

gra

ph o

f Artic

le 9

6(3

) of th

e D

irective

2009/138/E

C0

R0390

Oth

er an

cilla

ry o

wn fu

nds

0

R0400

Tota

l ancilla

ry o

wn fu

nds

00

0

Availab

le a

nd e

ligib

le o

wn fu

nds

R0500

Tota

l availa

ble

ow

n fu

nds to

meet th

e SC

R44,3

74

44,3

74

00

0

R0510

Tota

l availa

ble

ow

n fu

nds to

meet th

e M

CR

44,3

74

44,3

74

00

R0540

Tota

l elig

ible

ow

n fu

nds to

meet th

e S

CR

44,3

74

44,3

74

00

0

R0550

Tota

l elig

ible

ow

n fu

nds to

meet th

e M

CR

44,3

74

44,3

74

00

R0580

SCR

15,8

05

R0600

MCR

3,9

51

R0620

Ratio

of E

ligib

le o

wn fu

nds to

SCR

280.7

6%

R0640

Ratio

of E

ligib

le o

wn fu

nds to

MCR

1123.0

6%

Reconcillia

tion re

serv

eC0060

R0700

Excess o

f asse

ts ove

r liabilitie

s44,3

74

R0710

Ow

n sh

are

s (held

dire

ctly

and in

dire

ctly

)0

R0720

Fore

seeab

le d

ividends, d

istributio

ns a

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harg

es

R0730

Oth

er b

asic o

wn fu

nd ite

ms

10,0

00

R0740

Adju

stment fo

r restric

ted o

wn fu

nd ite

ms in

resp

ect o

f matc

hin

g a

dju

stment p

ortfo

lios a

nd rin

g fe

nced fu

nds

0

R0760

Reconcilia

tion re

serv

e34,3

74

Expecte

d p

rofits

R0770

Expecte

d p

rofits in

clu

ded in

futu

re p

rem

ium

s (EPIF

P) - L

ife b

usin

ess

10

R0780

Expecte

d p

rofits in

clu

ded in

futu

re p

rem

ium

s (EPIF

P) - N

on- life

busin

ess

R0790

Tota

l Expecte

d p

rofits in

clu

ded in

futu

re p

rem

ium

s (EPIF

P)

10


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tan

dard

Form

ula

Gro

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ncy

capita

l require

ment

USP

Sim

plifica

tions

C01

10

C00

80

C009

0

R001

0M

ark

et risk

15,18

3

R002

0Counte

rparty d

efa

ult risk

241

R003

0Life

underw

riting risk

3,48

3

R004

0H

ealth

underw

riting risk

0

R005

0N

on-life

und

erw

riting risk

0

R006

0Dive

rsificatio

n-2

,433

R007

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tangib

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t risk0

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Solve

ncy

Capita

l Require

ment

16,47

5

Calc

ulatio

n o

f Solv

ency

Capita

l Require

ment

C01

00

R013

0O

pera

tional risk

415

R0140

Loss-ab

sorb

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apacity o

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al pro

visions

0

R015

0Loss-ab

sorb

ing c

apacity o

f defe

rred tax

es

-1,08

5

R016

0Capita

l require

ment fo

r busin

ess o

perate

d in

accord

ance w

ith A

rt. 4 of D

irective

200

3/41/E

C0

R020

0Solv

ency C

apital R

equire

ment e

xclu

din

g ca

pita

l add-o

n15

,805

R0210

Capita

l add-o

ns a

lready se

t0

R0220

Solv

ency ca

pita

l require

ment

15,80

5

Oth

er in

form

atio

n o

n S

CR

R040

0Capita

l require

ment fo

r duratio

n-b

ase

d e

quity risk

sub-m

odule

0

R041

0Total a

mount o

f Notio

nal S

olve

ncy C

apita

l Require

ments fo

r rem

ain

ing p

art

0

R042

0Total a

mount o

f Notio

nal S

olve

ncy C

apita

l Require

ments fo

r ring fe

nced fu

nds

0

R043

0Total a

mount o

f Notio

nal S

olve

ncy C

apita

l Require

ments fo

r matc

hin

g adju

stment p

ortfo

lios

0

R044

0Dive

rsificatio

n e

ffects d

ue to

RFF n

SCR ag

grega

tion fo

r artic

le 30

40


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S.28.01.01

Minimum Capital Requirement - Only life or only non-life insurance or reinsurance activity

Linear formula component for non-life insurance and reinsurance obligations C0010

R0010 MCRNL Result 0

Net (of

reinsurance/SPV) best

estimate and TP

calculated as a whole

Net (of reinsurance)

written premiums in

the last 12 months

C0020 C0030

R0020 Medical expense insurance and proportional reinsurance

R0030 Income protection insurance and proportional reinsurance

R0040 Workers' compensation insurance and proportional reinsurance

R0050 Motor vehicle liability insurance and proportional reinsurance

R0060 Other motor insurance and proportional reinsurance

R0070 Marine, aviation and transport insurance and proportional reinsurance

R0080 Fire and other damage to property insurance and proportional reinsurance

R0090 General liability insurance and proportional reinsurance

R0100 Credit and suretyship insurance and proportional reinsurance

R0110 Legal expenses insurance and proportional reinsurance

R0120 Assistance and proportional reinsurance

R0130 Miscellaneous financial loss insurance and proportional reinsurance

R0140 Non-proportional health reinsurance

R0150 Non-proportional casualty reinsurance

R0160 Non-proportional marine, aviation and transport reinsurance

R0170 Non-proportional property reinsurance

Linear formula component for life insurance and reinsurance obligations C0040

R0200 MCRL Result 1,937

Net (of

reinsurance/SPV) best

estimate and TP

calculated as a whole

Net (of

reinsurance/SPV)

total capital at risk

C0050 C0060

R0210 Obligations with profit participation - guaranteed benefits

R0220 Obligations with profit participation - future discretionary benefits

R0230 Index-linked and unit-linked insurance obligations

R0240 Other life (re)insurance and health (re)insurance obligations 92,259

R0250 Total capital at risk for all life (re)insurance obligations

Overall MCR calculation C0070

R0300 Linear MCR 1,937

R0310 SCR 15,805

R0320 MCR cap 7,112

R0330 MCR floor 3,951

R0340 Combined MCR 3,951

R0350 Absolute floor of the MCR 3,332

R0400 Minimum Capital Requirement 3,951


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