Regulations amending Finansinspektionen’s regulations on annual accounts at insurance undertakings and institutions for occupational retirement provision

Finansinspektionen’s Regulatory Code Publisher: Chief Legal Counsel Eric Leijonram, Finansinspektionen, www.fi.se ISSN 1102-7460 This translation is furnished solely for information purposes. Only the printed version of the regulation in Swedish applies for the application of the law. 1 Regulations amending Finansinspektionen’s regulations and general guidelines (FFFS 2019:23) regarding annual accounts at insurance undertakings and institutions for occupational retirement provision decided on 26 January 2021. Finansinspektionen prescribes pursuant to sections 4 and 8 of the Annual Accounts at Credit Institutions, Securities Companies and Insurance Undertakings Ordinance (1995:1600) that Appendix 1 and section 30 of Appendix 3 to Finansinspektionen’s regulations and general guidelines (FFFS 2019:23) regarding annual accounts at insurance undertakings and institutions for occupational retirement provision shall have the following wording.

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These regulations shall enter into force on 09 February 2021 and apply to financial years commencing after 31 December 2020. ERIK THEDÉEN Greta Wennerberg FFFS 2021:1 Published on 01 February 2021

FFFS 2021:1 2 Appendix 1 Layout of the balance sheet Assets A. Subscribed capital unpaid B. Intangible assets I. Goodwill II. Other intangible assets C. Investment assets I. Land and buildings II. Investments in group companies, associated companies, joint ventures and other undertakings in which there is a participating interest

1. Shares and participations in group companies
2. Interest-bearing securities issued by, and lending to, group companies
3. Shares and participations in associated companies and joint ventures.
4. Interest-bearing securities issued by, and lending to, associated companies and joint ventures
5. Shares and participations in other undertakings in which there is a participating interest
6. Interest-bearing securities issued by, and lending to, other undertakings in which there is a participating interest III. Other financial investment assets
7. Shares and participations
8. Bonds and other interest-bearing securities
9. Shares in investment pools
10. Mortgage loans
11. Other loans
12. Lending to credit institutions
13. Other financial investment assets IV. Deposit accounts with undertakings that have ceded reinsurance D. Investment assets for which the life insurance policyholder bears the investment risk
14. Assets for conditional bonuses
15. Unit-linked insurance assets E. Reinsurers’ share of technical provisions
16. Unearned premiums and unexpired risks
17. Life insurance provision
18. Outstanding claims
19. Bonuses and rebates
20. Other technical provisions
21. Provision for life insurance policies for which the policyholder bears the risk a) Conditional bonuses b) Unit-linked insurance commitments F. Receivables I. Claims pertaining to direct insurance

FFFS 2021:1 3 II. Claims pertaining to reinsurance III. Other claims G. Other assets I. Property, plant and equipment and inventories II. Cash and bank balances III. Other assets H. Prepaid expenses and accrued income I. Accrued interest and rental income II. Deferred acquisition costs III. Other prepaid expenses and accrued income TOTAL ASSETS Equity, provisions and liabilities AA) Equity I. Share capital or Guarantee capital I.a. Operating capital I.b. Non-member contributions II. Share premium reserves

1. Restricted share premium reserve
2. Non-restricted share premium reserve III. Revaluation reserve IV. Consolidation reserve V. Other reserves
3. Statutory reserve
4. Equity method reserve
5. Fair value reserve
6. Development expenditure reserve
7. Other reserves V.a. Principal-linked and dividend-linked participating debentures VI. Profit or loss brought forward VII. Profit/loss for the year BB. Untaxed reserves CC. Subordinated liabilities DD. Technical provisions (before ceded reinsurance)
8. Unearned premiums and unexpired risks
9. Life insurance provision
10. Outstanding claims
11. Bonuses and rebates
12. Equalisation reserve
13. Other technical provisions EE. Technical provision for life insurance policies for which the policyholder bears the risk (before ceded reinsurance)
14. Conditional bonuses
15. Unit-linked insurance commitments FF. Other provisions
16. Pensions and similar obligations
17. Taxes

FFFS 2021:1 4 3. Other provisions GG. Deposit accounts from reinsurers HH. Liabilities I. Liabilities pertaining to direct insurance II. Liabilities pertaining to reinsurance III. Bond loans IV. Liabilities to credit institutions IV.b Principal-linked and dividend-linked participating debentures V. Other liabilities II. Accrued expenses and prepaid income I. Reinsurers’ share of deferred acquisition costs II. Other accrued expenses and prepaid income TOTAL EQUITY, PROVISIONS AND LIABILITIES

FFFS 2021:1 5 Appendix 3 Section 30 Item AA (II) – Share premium reserves. The share premium reserves for share issues is reported under this item. Restricted and non-restricted share premium reserves are recognised separately, cf. Chapter 3, section 2 of the Annual Accounts at Insurance Undertakings Act (1995:1560) and Chapter 3, section 5a of the Annual Accounts Act (1995:1554). Insurance companies that are permitted to issue dividends recognise funds that have been added to the share premium reserve prior to 1 April 2011 under the statutory reserve. An insurance company that converts itself into an occupational pension company that is permitted to issue dividends continues to recognise funds that have been added to the share premium reserve prior to 1 April 2011 under the statutory reserve.