annual report 2020 - Flipbook - Side 40
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2020
NOTES
Note 14 - Life-assurance provisions at average rate
DKK mill.
31.12.2020
31.12.2019
Life-assurance provisions at average rate 1 January
7,518
7,220
Collective bonus potential 1 January
-1,818
-1,609
-499
-408
5,200
5,203
Individual bonus potential
Collective bonus potential
Accumulated value adjustments 1 January
Breakdown of life-assurance provisions at the highest guaranteed interest rate on policy, 31 December 2020
Guaranteed benefits
Retrospective provisions 1 January
Gross premiums
1
1
Addition of interest
1,177
449
Insurance benefits
-457
-449
-5
-5
-22
-16
Transferred to/from life-assurance provisions at market rate
5
17
Distribution from special bonus provision
0
0
Costs supplement after addition of costs bonus
Risk result after addition of risk bonus
Life-assurance provisions 31 December
2020
5,899
5,200
260
499
Collective bonus potential carried forward
1,292
1,818
Life-assurance provisions at average rate carried forward
7,451
7,518
6.3%
12.4%
Accumulated value adjustment carried forward
Return before tax
Ratio of bonus potential to provisions
25%
35%
Return on customer funds after costs and tax
6.2%
12.3%
138
77
The risk margin has been recognised in life-assurance provisions at
1.50%
2.50%
Total
4,048
826
1,086
5,960
141
-
59
200
878
173
240
1,292
5,067
1,000
1,385
7,451
Breakdown of life-assurance provisions at the highest guaranteed interest rate on policy 31 December 2019
Guaranteed benefits
Retrospective provisions carried forward
0.00%
1.00%
1.50%
2.50%
Total
2,156
897
2,635
5,688
Individual bonus potential
5
-
6
11
Collective bonus potential
690
286
843
1,818
2,851
1,183
3,484
7,518
Life-assurance provisions 31 December
2019
39