Sliding rates dent Legal & General’s capital ratio
UK insurer Legal and General’s regulatory capital ratio dropped over the first half of this year to 171%, from 188% at end-2018. Year-on-year, it has fallen by 22 percentage points.
Tumbling interest rates were blamed for bumping up the firm’s solvency capital requirement (SCR), the denominator of its Solvency II ratio. This increased to £8.2 billion ($10 billion), from £7.9 billion at end-2018.
Own-funds, the numerator for the Solvency II ratio, decreased over the same period to £14.2
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
Investing
Why new EU rules are fuelling greenwashing and how to stop it
Reporting requirements for ESG funds may not solve the problem – a list of harmful investments might
Receive this by email