EXAMPLE PAGE - ANNUAL REPORT - THE SWEDISH CLUB - Flipbook - Sida 66
FINANCIAL STATEMENTS - NOTES
Note 3.
Premiums written, gross, by geographic area
2021
2020
China
Greece
Germany
Singapore
Sweden
Hong Kong
Norway
Other countries
41,361
38,393
25,257
18,622
10,613
10,013
9,132
47,153
38,426
31,996
26,723
14,685
11,913
10,332
7,756
37,039
200,544
178,869
Note 4.
Investment income transferred from the non-technical account
2021
2020
-
2,800
Allocated investment income transferred to the technical account
The Club uses a model for the calculation of transferred investment income. It is based on the interest rate that corresponds to the
United States 1-year bond yield at the beginning of the year in relation to the provisions for claims outstanding net of reinsurance.
For 2021, the expected 1-year US Government bond rate used was 0.1% (actual return was 3.6%). If the calculated amount is less
than USD 1 million, no transfer will be made.
Average interest rate
2021
2020
0.1%
1.6%
Note 5.
Claims paid
2021
2020
Gross
Reinsurers’
share
Net
Gross
Reinsurers’
share
Net
Current year:
Claims paid
Claims handling costs
-66,230
-13,025
5,964
-
-60,266
-13,025
-40,657
-9,422
1,481
-
-39,176
-9,422
Previous years:
Claims paid
-49,749
-776
-50,525
-79,435
16,536
-62,899
-129,004
5,188
-123,816
-129,515
18,017
-111,498
Note 6.
Change in other technical provisions
2021
2020
Value change, Hydra
-5,606
-2,157
-5,606
-2,157
This income item reflects the change in value of receivables on Hydra. See Note 21.
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THE SWEDISH CLUB ANNUAL REPORT 2021