annual report 2020 - Flipbook - Side 41
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2020
NOTES
Note 15 - Life-assurance provisions at market rate
DKK mill.
Life-assurance provisions at market rate 1 January
Provisions for group life 1 January
Life-assurance provisions at market rate 1 January (excluding group life)
31.12.2020
31.12.2019
162,232
143,937
-1,006
-865
161,225
143,072
Return and risk in 2020:
Years before retirement
Share of
provisions
Return
Risk
1.0%
5.7%
5.25
Gross premiums
8,068
8,208
30 years (age: 35 years)
Return after tax on yields of certain pension-scheme assets
7,118
15,059
15 years (age: 50 years)
3.2%
5.3%
4.75
5 years (age: 60 years)
3.2%
4.5%
4.50
5 years after retirement (age: 70 years)
1.1%
3.6%
3.25
Share of
provisions
Return
Risk
30 years (age: 35 years)
1.0%
15.6%
3.75
15 years (age: 50 years)
3.3%
14.2%
3.50
5 years (age: 60 years)
3.0%
11.2%
3.25
5 years after retirement (age: 70 years)
1.1%
8.4%
3.25
31.12.2020
31.12.2019
4,514
3,014
Debt concerning unsettled transactions
328
92
Other debt
117
82
4,958
3,188
Insurance benefits
-4,060
-4,367
Costs supplement
-202
-197
Distribution from special bonus provision
169
180
-5
-17
Transferred to sickness and accident insurance
-132
-143
Transferred to group scheme
-374
-569
171,807
161,225
956
1,006
172,763
162,232
5.0%
12.0%
1
1
Transferred to/from life-assurance provisions
Life-assurance provisions at market rate carried forward (excluding group life)
Provision for group life carried forward
Life-assurance provisions at market rate carried forward
Return on customer funds after costs and before tax
The risk margin has been recognised in life-assurance provisions at
Savings in the market rate are invested in a compulsory lifecycle product.
Return and risk in 2019:
Years before retirement
Note 16 - Other debt
DKK mill.
Negative market value of derivative financial instruments
Total other debt
40