Årsrapport 2022 godkendt 7. marts 2023 (eng) - Flipbook - Side 3
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2022
FINANCIAL AND OPERATING DATA, SUMMARY OF FINANCIAL STATEMENTS
Financial and operating
data, summary of financial
statements
Income statement
Total premium contributions amounted to DKK
11.8 bn., which is DKK 1.0 bn. higher than in 2021.
The increase is due to an increase in ongoing
contributions and transfers from other pension
companies. Following transfers of premiums to
sickness and accident insurance, and after
Table 1
withholding income tax (A-tax) and labourmarket
contributions,
net
contributions
amounted to DKK 10.3 bn.
The number of members paying into the pension
scheme via their employers increased in 2022
by 4,134.
Comprehensive income for the year
DKK mill.
2021
2022
Interest result after tax
1,296
-677
100
109
10
-93
Expense result
Risk result
Change in market-value adjustments
Gross result of life assurance
Gross result of accident and sickness insurance
Total gross result
Consumption of bonus for group life
161
77
1,567
-584
721
-228
2,288
-812
-40
171
Consumption of collective bonus potential
-420
253
Consumption of premium rebates in sickness and accident insurance
-721
228
Transferred to special bonus provisions
-480
8
Comprehensive income for the year
626
-152
Total investment returns ended at DKK -15.0 bn.
after costs, compared with DKK 33.5 bn. in 2021.
This corresponds to a total return on investment
assets of -6.5% in 2022 (16.8% in 2021). Over the
past 10 years, the average return after costs has
amounted to 6.5% per annum.
Due to negative investment returns in 2022,
there is outstanding tax on yields of certain
pension-scheme assets receivable that can be
set off against future positive returns. This has
been recognised as revenue in the income
statement of DKK 2.3 bn.
Insurance benefits amounted to DKK 8.3 bn. and
were 17.8% higher than the benefits for 2021,
when they amounted to DKK 7.0 bn. This is
primarily due to an increase in transfers
following a change of job and old-age pension
payments.
At DKK 117 mill., administration costs for lifeassurance activities were slightly below the level
in 2021. Thereby, costs per member fell to DKK
239. (DKK 267 in 2021). In addition to this are
costs of sickness and accident insurance of DKK
54 per member (DKK 50 in 2021). Administration
costs per member therefore remain at a low
level.
adjustments of life-assurance provisions. The
drop is due to poorer returns in 2022 and
thereby lower interest results.
There is a loss on the risk result of DKK 93 mill.
This is due to an increase in the number of
claims in relation to the previous year, when
there was a profit of DKK 10 million.
In 2022, sickness and accident insurance
contributed a gross result of DKK -228 mill.
against DKK 721 mill. in 2021. The trend is
primarily due to lower investment results, an
increasing number of claims as well as higher
bonus allotments in 2022 than in 2021.
Of the total gross result of DKK -812 mill., DKK
660 mill. is covered by provisions in previous
years for bonus and premium rebates. The
remaining result, comprehensive income for the
year of DKK -152 mill., has been transferred to
equity.
Comprehensive income for the year was DKK 152 mill. against DKK 626 mill. in 2021, and
against an expected profit for the year of DKK
150-200 mill. The fall and the difference
compared with 2021 are due to the negative
investment returns in 2022.
The results for 2022 are detailed in table 1. The
gross profit on life assurance is composed of an
interest, expense and risk result as well as the
changes for the year in market-value
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