Just group PLC | Annual Report and accounts 2022
ADDITIONAL FINANCIAL INFORMATION
The following additional financial information is unaudited.
SOLVENCY II SURPLUS GENERATION The table below shows the expected future emergence of Solvency II surplus from the in-force book in excess of 100% of SCR over the next 35 years. The amounts are shown undiscounted and exclude Excess Own Funds at 31 December 2022 of £1,370m. The core surplus generation assumes that future property growth is in line with the best estimate assumption of 3.3%. The cash flow amounts allow for return on surplus on assets that maintain the current capital coverage ratio. The cash flow amounts shown are before the interest and principal payments on all debt obligations. The projection does not allow for the impact of future new business.
Surplus generation £m
TMTP amortisation £m
Core surplus generation £m
Year
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042
228 223 215 208 202 198 194 190 186 181 176 171 165 158 151 144 136 128 119 110 429 254 145
(73) (73) (73) (73) (73) (73) (73) (73) (73)
155 150 142 135 129 125 121 117 113 181 176 171 165 158 151 144 136 128 119 110 429 254 145
– – – – – – – – – – – – – –
2043 – 2047 2048 – 2052 2053 – 2057
190
Powered by FlippingBook