ECIC IR 2023

Integrated Report 2023

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

The chart below indicates the current consumption of capital against the allocated thresholds.

Economic Capital Allocation

8.0

7.0

6.0

Below

5.0

4.0

Above

3.0

Available Capital billion

2.0

Above

1.0

0.0

Currency Risk

Underwriting & Operations

Investment

EC

Low Mid

High

Actual

Figure 22: Economic capital allocation

Projected solvency The chart below shows the projection of the regulatory Solvency Capital Requirement (SCR) and Economic Capital (EC) cover ratios over the 2023-2027 period. The red, amber, and green levels reflect the Board appetite thresholds.

450%

400%

350%

300%

250%

200% Cover Ratio

150%

100%

50%

2023

2024

2025

2026

2027

SCR

Figure 23: Projected Solvency Cover Ratio (SCR)

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