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£'000
Solvency Capital Requirement (SCR) 15,805
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Unrestricted tier 1 capital 44,374
Restricted tier 1 capital -
Total eligible tier 1 capital 44,374
Restricted tier 1 relegated to tier 2 -
Tier 2 capital -
Total eligible tier 2 capital -
Eligible tier 3 capital -
Total eligible capital 44,374
Ineligible capital -
Total own funds 44,374
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cover solvency capital requirement
2016
£'000
Minimum Capital Requirement (MCR) 3,951
Own funds eligible to cover MCR:
Unrestricted tier 1 capital 44,374
Restricted tier 1 capital -
Total eligible tier 1 capital 44,374
Restricted tier 1 relegated to tier 2 -
Tier 2 capital -
Total eligible tier 2 capital -
Total eligible capital 44,374
Ineligible capital -
Total own funds 44,374
Analysis of eligible own funds available to
cover minimum capital requirement
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7OOXQ_UM_`UOMX >URQ >UYU`QP h E[XbQZOe MZP 8UZMZOUMX 5[ZPU`U[Z DQ\[^`
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General information
Undertaking name Ecclesiastical Life Limited
Undertaking identification code 213800I6N42TMC2CCC49
Type of code of undertaking LEI
Type of undertaking Life undertakings
Country of authorisation GB
Language of reporting en
Reporting reference date 31 December 2016
Currency used for reporting GBP
Accounting standards The undertaking is using IFRS
Method of Calculation of the SCR Standard formula
Matching adjustment No use of matching adjustment
Volatility adjustment Use of volatility adjustment
Transitional measure on the risk-free interest rate No use of transitional measure on the risk-free interest rate
Transitional measure on technical provisions No use of transitional measure on technical provisions
List of reported templates
S.02.01.02 - Balance sheet
S.05.01.02 - Premiums, claims and expenses by line of business
S.05.02.01 - Premiums, claims and expenses by country
S.12.01.02 - Life and Health SLT Technical Provisions
S.22.01.21 - Impact of long term guarantees measures and transitionals
S.23.01.01 - Own Funds
S.25.01.21 - Solvency Capital Requirement - for undertakings on Standard Formula
S.28.01.01 - M inimum Capital Requirement - Only life or only non-life insurance or reinsurance activity
7OOXQ_UM_`UOMX >URQ >UYU`QP h E[XbQZOe MZP 8UZMZOUMX 5[ZPU`U[Z DQ\[^`
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S.02.01.02
Balance sheet
Solvency II
value
Assets C0010
R0030 Intangible assets
R0040 Deferred tax assets
R0050 Pension benefit surplus
R0060 Property, plant & equipment held for own use 0
R0070 Investments (other than assets held for index-linked and unit-linked contracts) 138,846
R0080 Property (other than for own use) 375
R0090 Holdings in related undertakings, including participations 0
R0100 Equities 5,663
R0110 Equities - listed 5,663
R0120 Equities - unlisted 0
R0130 Bonds 107,813
R0140 Government Bonds 56,568
R0150 Corporate Bonds 50,199
R0160 Structured notes 0
R0170 Collateralised securities 1,046
R0180 Collective Investments Undertakings 24,995
R0190 Derivatives
R0200 Deposits other than cash equivalents 0
R0210 Other investments 0
R0220 Assets held for index-linked and unit-linked contracts
R0230 Loans and mortgages 0
R0240 Loans on policies 0
R0250 Loans and mortgages to individuals
R0260 Other loans and mortgages
R0270 Reinsurance recoverables from: 0
R0280 Non-life and health similar to non-life 0
R0290 Non-life excluding health
R0300 Health similar to non-life
R0310 Life and health similar to life, excluding index-linked and unit-linked 0
R0320 Health similar to life 0
R0330 Life excluding health and index-linked and unit-linked 0
R0340 Life index-linked and unit-linked 0
R0350 Deposits to cedants 0
R0360 Insurance and intermediaries receivables
R0370 Reinsurance receivables
R0380 Receivables (trade, not insurance)
R0390 Own shares (held directly) 0
R0400Amounts due in respect of own fund items or initial fund called up but not yet
paid in0
R0410 Cash and cash equivalents 2,695
R0420 Any other assets, not elsewhere shown 92
R0500 Total assets 141,632
7OOXQ_UM_`UOMX >URQ >UYU`QP h E[XbQZOe MZP 8UZMZOUMX 5[ZPU`U[Z DQ\[^`
FRXV -1 `W ./
Solvency II
value
Liabilities C0010
R0510 Technical provisions - non-life 0
R0520 Technical provisions - non-life (excluding health) 0
R0530 TP calculated as a whole
R0540 Best Estimate
R0550 Risk margin
R0560 Technical provisions - health (similar to non-life) 0
R0570 TP calculated as a whole
R0580 Best Estimate
R0590 Risk margin
R0600 Technical provisions - life (excluding index-linked and unit-linked) 94,997
R0610 Technical provisions - health (similar to life) 0
R0620 TP calculated as a whole 0
R0630 Best Estimate 0
R0640 Risk margin 0
R0650 Technical provisions - life (excluding health and index-linked and unit-linked) 94,997
R0660 TP calculated as a whole 0
R0670 Best Estimate 92,259
R0680 Risk margin 2,737
R0690 Technical provisions - index-linked and unit-linked 0
R0700 TP calculated as a whole 0
R0710 Best Estimate 0
R0720 Risk margin 0
R0740 Contingent liabilities
R0750 Provisions other than technical provisions
R0760 Pension benefit obligations
R0770 Deposits from reinsurers
R0780 Deferred tax liabilities 1,619
R0790 Derivatives
R0800 Debts owed to credit institutions
R0810 Financial liabilities other than debts owed to credit institutions
R0820 Insurance & intermediaries payables
R0830 Reinsurance payables
R0840 Payables (trade, not insurance) 643
R0850 Subordinated liabilities 0
R0860 Subordinated liabilities not in BOF
R0870 Subordinated liabilities in BOF 0
R0880 Any other liabilities, not elsewhere shown
R0900 Total liabilities 97,258
R1000 Excess of assets over liabilities 44,374
7OOXQ_UM_`UOMX >URQ >UYU`QP h E[XbQZOe MZP 8UZMZOUMX 5[ZPU`U[Z DQ\[^`
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!)'#)$&(%$"S.0
5.0
1.0
2
Life
Health
insu
rance
Insu
rance
with
pro
fit
partic
ipatio
n
Index-lin
ked
and u
nit-
linked
insu
rance
Oth
er life
insu
rance
Annuitie
s
stem
min
g from
non-life
insu
rance
contra
cts a
nd
relatin
g to
health
insu
rance
oblig
atio
ns
Annuitie
s
stem
min
g fro
m
non-life
insu
rance
contra
cts and
rela
ting to
insu
rance
oblig
atio
ns
oth
er th
an
health
insu
rance
Health
rein
suran
ce
Life
rein
sura
nce
C02
10C02
20
C0230
C0240
C02
50
C0260
C0270
C0280
C03
00
Pre
miu
ms w
ritten
R141
0G
ross
77
77
R142
0Rein
sure
rs' share
0
R150
0N
et
00
077
77
Pre
miu
ms e
arn
ed
R151
0G
ross
77
77
R152
0Rein
sure
rs' share
0
R160
0N
et
00
077
77
Cla
ims in
curre
d
R161
0G
ross
12,648
12,6
48
R162
0Rein
sure
rs' share
0
R170
0N
et
00
012,6
48
12,6
48
Changes in
oth
er te
chnic
al p
rovisio
ns
R171
0G
ross
0
R172
0Rein
sure
rs' share
0
R180
0N
et
00
00
0
R190
0Expense
s incurre
d0
00
454
454
R250
0O
ther e
xpense
s
R260
0Tota
l expense
s454
Pre
miu
ms, c
laim
s and e
xpense
s by lin
e o
f busin
ess
Lin
e o
f Busin
ess fo
r: life in
sura
nce o
blig
ations
Life
rein
suran
ce o
blig
atio
ns
Total
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!)'#)$&(%$"
S.05.0
2.0
1
Pre
miu
ms, c
laim
s an
d e
xp
en
ses b
y c
ou
ntry
Life
C015
0C01
60C017
0C018
0C0190
C020
0C021
0
R14
00
C022
0C02
30C024
0C025
0C0260
C027
0C028
0
Pre
miu
ms w
ritten
R14
10G
ross
7777
R14
20Rein
sure
rs' share
0
R15
00N
et
770
00
00
77
Pre
miu
ms e
arned
R15
10G
ross
7777
R15
20Rein
sure
rs' share
0
R16
00N
et
770
00
00
77
Cla
ims in
curre
d
R16
10G
ross
12,648
12,648
R16
20Rein
sure
rs' share
0
R17
00N
et
12,6
480
00
00
12,648
Chan
ges in
oth
er te
chnica
l pro
visions
R17
10G
ross
0
R17
20Rein
sure
rs' share
0
R18
00N
et
00
00
00
0
R19
00Expense
s incu
rred
454454
R25
00O
ther e
xpense
s
R26
00Tota
l expense
s454
Hom
e C
ountry
Top 5
countrie
s (by am
ount o
f gross p
rem
ium
s writte
n) -
life o
bliga
tions
Top 5
countrie
s (by a
mount o
f gro
ss
pre
miu
ms w
ritten) - life
obligatio
ns
Total T
op 5
and
hom
e co
untry
7OOXQ_UM_`UOMX >URQ >UYU`QP h E[XbQZOe MZP 8UZMZOUMX 5[ZPU`U[Z DQ\[^`
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S.1
2.0
1.0
2
Life
an
d H
ealth
SLT T
ech
nic
al P
rovisio
ns
Contra
cts
with
out
optio
ns a
nd
guaran
tees
Con
tracts
with
optio
ns
or
gu
aran
tees
Contrac
ts
with
out
optio
ns an
d
guara
nte
es
Con
tracts
with
optio
ns
or
gu
aran
tee
s
Contra
cts
with
out
op
tions a
nd
guara
nte
es
Contra
cts
with
op
tions o
r
guara
nte
es
C002
0C0030
C00
40
C005
0C006
0C0070
C00
80
C00
90C01
00
C01
50
C01
60
C017
0C018
0C0190
C02
00
C021
0
R00
10
Technic
al pro
visions c
alc
ula
ted a
s a w
hole
0
R00
20
Tota
l Recove
rable
s from
rein
sura
nce/SP
V a
nd F
inite
Re a
fter
the a
dju
stmen
t for e
xpecte
d lo
sses d
ue
to c
ounte
rparty
defa
ult
asso
ciate
d to
TP c
alcula
ted a
s a w
hole
0
Technic
al pro
visions c
alc
ula
ted a
s a su
m o
f BE a
nd R
M
Best e
stimate
R003
0G
ross B
est E
stimate
92,259
92,2
59
R008
0
Tota
l Recove
rable
s from
rein
sura
nce/SP
V a
nd F
inite
Re a
fter
the a
dju
stmen
t for e
xpecte
d lo
sses d
ue
to c
ounte
rparty
defa
ult
0
R009
0B
est e
stimate
min
us re
cove
rable
s from
rein
sura
nce
/SPV
and
Finite
Re
092,25
992,2
59
R010
0R
isk m
arg
in2,7
37
2,7
37
Am
ou
nt o
f the tran
sition
al on T
echnic
al Pro
visio
ns
R011
0T
echnic
al P
rovisio
ns c
alculate
d a
s a w
ho
le0
R012
0B
est e
stimate
0
R013
0R
isk m
argin
0
R020
0T
echnic
al pro
visions - to
tal
94,9
97
94,9
97
Health
insu
rance (d
irect b
usin
ess)
Annu
ities
stem
min
g fro
m
non-life
insu
ran
ce
contra
cts a
nd
relatin
g to
he
alth
insu
ran
ce
ob
ligatio
ns
Health
rein
sura
nce
(rein
sura
nce
acce
pte
d)
Tota
l (Health
similar to
life
insu
rance)
Insu
ran
ce
with
pro
fit
particip
ation
Index-lin
ke
d an
d u
nit-lin
ked
insu
rance
Oth
er life
insu
rance
An
nuitie
s
stem
min
g fro
m
non-life
insu
rance
con
tracts a
nd
relatin
g to
insu
rance
obliga
tion
oth
er th
an
health
insu
rance
Accepte
d
rein
sura
nce
Tota
l
(Life
oth
er
than h
ealth
insu
rance,
inclu
din
g
Unit-
Lin
ke
d)
7OOXQ_UM_`UOMX >URQ >UYU`QP h E[XbQZOe MZP 8UZMZOUMX 5[ZPU`U[Z DQ\[^`
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`^MZ_U`U[ZMX_
S.22.0
1.2
1
Impact o
f long te
rm g
uara
nte
es m
easu
res a
nd tra
nsitio
nals
Am
ount w
ith
Long T
erm
Guaran
tee
measu
res an
d
transitio
nals
Impact o
f
transitio
nal o
n
tech
nic
al
pro
visions
Impac
t of
transitio
nal o
n
inte
rest rate
Impact o
f
volatility
adju
stment
set to
zero
Impact o
f
match
ing
adju
stment
set to
zero
C0010
C0030
C0050
C0070
C0090
R0010
Tech
nical p
rovisio
ns
94,99
70
03,532
0
R0020
Basic o
wn fu
nds
44,37
40
0-3,532
0
R0050
Eligib
le o
wn fu
nds to
meet So
lvency
Cap
ital Require
ment
44,37
40
0-3,532
0
R0090
Solve
ncy
Cap
ital Require
ment
15,80
54
0217
0
R0100
Eligib
le o
wn fu
nds to
meet M
inim
um
Cap
ital Require
ment
44,37
40
0-3,532
0
R0110
Min
imum
Cap
ital R
equire
ment
3,951
10
540
7OOXQ_UM_`UOMX >URQ >UYU`QP h E[XbQZOe MZP 8UZMZOUMX 5[ZPU`U[Z DQ\[^`
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3.0
1.0
1
Ow
n F
un
ds
Basic
ow
n fu
nds b
efo
re d
eductio
n fo
r partic
ipatio
ns in
oth
er fin
ancia
l secto
r as fo
rese
en in
artic
le 6
8 o
f Dele
gate
d R
egula
tion 2
015/3
5Tota
lTie
r 1
unre
stricte
d
Tie
r 1
restric
ted
Tie
r 2Tie
r 3
C0010
C0020
C0030
C00
40
C005
0
R0010
Ord
inary
share
capita
l (gross o
f ow
n sh
are
s)10,0
00
10,0
00
0
R0030
Share
pre
miu
m a
ccount re
late
d to
ord
inary
share
capita
l0
00
R0040
Initial fu
nds, m
em
bers' c
ontrib
utio
ns o
r the e
quiva
lent b
asic o
wn-fu
nd ite
m fo
r mutu
al a
nd m
utu
al-ty
pe u
nderta
kin
gs
00
0
R0050
Subord
inate
d m
utu
al m
em
ber a
ccounts
00
00
R0070
Surp
lus fu
nds
00
R0090
Pre
fere
nce sh
are
s0
00
0
R0110
Share
pre
miu
m a
ccount re
late
d to
pre
fere
nce sh
are
s0
00
0
R0130
Reconcilia
tion re
serve
34,3
74
34,3
74
R0140
Subord
inate
d lia
bilitie
s0
00
0
R0160
An a
mount e
qual to
the va
lue o
f net d
efe
rred ta
x a
ssets
00
R0180
Oth
er o
wn fu
nd ite
ms a
ppro
ved b
y th
e su
perviso
ry a
uth
ority
as b
asic
ow
n fu
nds n
ot sp
ecifie
d ab
ove
0
00
00
R0220
Ow
n fu
nds fro
m th
e fin
ancia
l state
ments th
at sh
ould
not b
e re
pre
sente
d b
y th
e re
concilia
tion re
serv
e a
nd d
o n
ot m
eet th
e crite
ria to
be c
lassifie
d as S
olv
ency II o
wn fu
nds
0
R0230
Deductio
ns fo
r partic
ipatio
ns in
financia
l and c
red
it institu
tions
0
R0290
Tota
l basic
ow
n fu
nds afte
r deductio
ns
44,3
74
44,3
74
00
0
Ancilla
ry o
wn fu
nds
R0300
Unpaid
and u
ncalle
d o
rdin
ary
share
capita
l calla
ble
on d
em
and
0
R0310
Unpaid
and u
ncalle
d in
itial fu
nds, m
em
bers' c
ontrib
utio
ns o
r the e
quiva
lent b
asic
ow
n fu
nd ite
m fo
r mutu
al a
nd m
utu
al - ty
pe u
nderta
kings, c
alla
ble
on d
em
and
0
R0320
Unpaid
and u
ncalle
d p
refe
rence sh
are
s calla
ble
on d
em
and
0
R0330
A le
gally b
indin
g c
om
mitm
ent to
subsc
ribe a
nd p
ay fo
r subord
inate
d lia
bilitie
s on d
em
and
0
R0340
Lette
rs of c
redit a
nd g
uaran
tees u
nder A
rticle
96(2
) of th
e D
irective
2009/
138/EC
0
R0350
Lette
rs of c
redit a
nd g
uara
nte
es o
ther th
an u
nder A
rticle
96(2
) of th
e D
irective
2009/138/E
C0
R0360
Supple
menta
ry m
em
bers c
alls u
nder first su
bpara
gra
ph o
f Artic
le 9
6(3
) of th
e D
irective
2009
/138/EC
0
R0370
Supple
menta
ry m
em
bers c
alls - o
ther th
an u
nder first su
bpara
gra
ph o
f Artic
le 9
6(3
) of th
e D
irective
2009/138/E
C0
R0390
Oth
er an
cilla
ry o
wn fu
nds
0
R0400
Tota
l ancilla
ry o
wn fu
nds
00
0
Availab
le a
nd e
ligib
le o
wn fu
nds
R0500
Tota
l availa
ble
ow
n fu
nds to
meet th
e SC
R44,3
74
44,3
74
00
0
R0510
Tota
l availa
ble
ow
n fu
nds to
meet th
e M
CR
44,3
74
44,3
74
00
R0540
Tota
l elig
ible
ow
n fu
nds to
meet th
e S
CR
44,3
74
44,3
74
00
0
R0550
Tota
l elig
ible
ow
n fu
nds to
meet th
e M
CR
44,3
74
44,3
74
00
R0580
SCR
15,8
05
R0600
MCR
3,9
51
R0620
Ratio
of E
ligib
le o
wn fu
nds to
SCR
280.7
6%
R0640
Ratio
of E
ligib
le o
wn fu
nds to
MCR
1123.0
6%
Reconcillia
tion re
serv
eC0060
R0700
Excess o
f asse
ts ove
r liabilitie
s44,3
74
R0710
Ow
n sh
are
s (held
dire
ctly
and in
dire
ctly
)0
R0720
Fore
seeab
le d
ividends, d
istributio
ns a
nd c
harg
es
R0730
Oth
er b
asic o
wn fu
nd ite
ms
10,0
00
R0740
Adju
stment fo
r restric
ted o
wn fu
nd ite
ms in
resp
ect o
f matc
hin
g a
dju
stment p
ortfo
lios a
nd rin
g fe
nced fu
nds
0
R0760
Reconcilia
tion re
serv
e34,3
74
Expecte
d p
rofits
R0770
Expecte
d p
rofits in
clu
ded in
futu
re p
rem
ium
s (EPIF
P) - L
ife b
usin
ess
10
R0780
Expecte
d p
rofits in
clu
ded in
futu
re p
rem
ium
s (EPIF
P) - N
on- life
busin
ess
R0790
Tota
l Expecte
d p
rofits in
clu
ded in
futu
re p
rem
ium
s (EPIF
P)
10
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S.2
5.0
1.2
1
Solv
ency C
ap
ital R
equ
irem
ent - fo
r un
derta
kin
gs o
n S
tan
dard
Form
ula
Gro
ss solve
ncy
capita
l require
ment
USP
Sim
plifica
tions
C01
10
C00
80
C009
0
R001
0M
ark
et risk
15,18
3
R002
0Counte
rparty d
efa
ult risk
241
R003
0Life
underw
riting risk
3,48
3
R004
0H
ealth
underw
riting risk
0
R005
0N
on-life
und
erw
riting risk
0
R006
0Dive
rsificatio
n-2
,433
R007
0In
tangib
le asse
t risk0
R010
0Basic
Solve
ncy
Capita
l Require
ment
16,47
5
Calc
ulatio
n o
f Solv
ency
Capita
l Require
ment
C01
00
R013
0O
pera
tional risk
415
R0140
Loss-ab
sorb
ing c
apacity o
f technic
al pro
visions
0
R015
0Loss-ab
sorb
ing c
apacity o
f defe
rred tax
es
-1,08
5
R016
0Capita
l require
ment fo
r busin
ess o
perate
d in
accord
ance w
ith A
rt. 4 of D
irective
200
3/41/E
C0
R020
0Solv
ency C
apital R
equire
ment e
xclu
din
g ca
pita
l add-o
n15
,805
R0210
Capita
l add-o
ns a
lready se
t0
R0220
Solv
ency ca
pita
l require
ment
15,80
5
Oth
er in
form
atio
n o
n S
CR
R040
0Capita
l require
ment fo
r duratio
n-b
ase
d e
quity risk
sub-m
odule
0
R041
0Total a
mount o
f Notio
nal S
olve
ncy C
apita
l Require
ments fo
r rem
ain
ing p
art
0
R042
0Total a
mount o
f Notio
nal S
olve
ncy C
apita
l Require
ments fo
r ring fe
nced fu
nds
0
R043
0Total a
mount o
f Notio
nal S
olve
ncy C
apita
l Require
ments fo
r matc
hin
g adju
stment p
ortfo
lios
0
R044
0Dive
rsificatio
n e
ffects d
ue to
RFF n
SCR ag
grega
tion fo
r artic
le 30
40
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S.28.01.01
Minimum Capital Requirement - Only life or only non-life insurance or reinsurance activity
Linear formula component for non-life insurance and reinsurance obligations C0010
R0010 MCRNL Result 0
Net (of
reinsurance/SPV) best
estimate and TP
calculated as a whole
Net (of reinsurance)
written premiums in
the last 12 months
C0020 C0030
R0020 Medical expense insurance and proportional reinsurance
R0030 Income protection insurance and proportional reinsurance
R0040 Workers' compensation insurance and proportional reinsurance
R0050 Motor vehicle liability insurance and proportional reinsurance
R0060 Other motor insurance and proportional reinsurance
R0070 Marine, aviation and transport insurance and proportional reinsurance
R0080 Fire and other damage to property insurance and proportional reinsurance
R0090 General liability insurance and proportional reinsurance
R0100 Credit and suretyship insurance and proportional reinsurance
R0110 Legal expenses insurance and proportional reinsurance
R0120 Assistance and proportional reinsurance
R0130 Miscellaneous financial loss insurance and proportional reinsurance
R0140 Non-proportional health reinsurance
R0150 Non-proportional casualty reinsurance
R0160 Non-proportional marine, aviation and transport reinsurance
R0170 Non-proportional property reinsurance
Linear formula component for life insurance and reinsurance obligations C0040
R0200 MCRL Result 1,937
Net (of
reinsurance/SPV) best
estimate and TP
calculated as a whole
Net (of
reinsurance/SPV)
total capital at risk
C0050 C0060
R0210 Obligations with profit participation - guaranteed benefits
R0220 Obligations with profit participation - future discretionary benefits
R0230 Index-linked and unit-linked insurance obligations
R0240 Other life (re)insurance and health (re)insurance obligations 92,259
R0250 Total capital at risk for all life (re)insurance obligations
Overall MCR calculation C0070
R0300 Linear MCR 1,937
R0310 SCR 15,805
R0320 MCR cap 7,112
R0330 MCR floor 3,951
R0340 Combined MCR 3,951
R0350 Absolute floor of the MCR 3,332
R0400 Minimum Capital Requirement 3,951
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