Annual Report IPF 2021 - Flipbook - Side 42
INDUSTRIENS PENSIONSFORSIKRING A/S
19.
ANNUAL REPORT 2021
NOTES
Five-year summary of key figures and financial ratios
DKK mill.
2017
2018
2019
2020
2021
Key figures for life assurance (DKK mill.)
DKK mill.
2017
2018
2019
2020
2021
Key figures for sickness and accident insurance (DKK mill.)
Premiums
8,046
8,429
8,215
8,075
9,308
Gross premium income
681
820
912
841
858
Insurance benefits
4,657
5,321
5,437
5,121
6,489
Gross claims costs
696
971
888
883
489
Investment returns
12,161
-1,699
20,054
9,685
33,501
Insurance operating costs
18
21
21
21
23
Insurance operating costs
124
124
112
-119
-127
Profit/loss on reinsurance
Technical result
-17
-21
-20
0
0
Technical result
40
47
48
-2
0
Investment return after technical interest
Technical result of sickness and accident
insurance
Profit/loss for the year
Other comprehensive income
Provisions for insurance and investment
contracts
388
111
417
195
626
0
-
-
0
0
156,748
158,596
178,021
189,071
219,461
Equity
5,182
5,293
5,710
5,906
6,532
Assets
170,140
172,013
193,595
205,665
238,590
Financial ratios for life assurance
Return before tax on yields of certain pensionscheme assets, average rate
5.3%
2.1%
12.4%
6.3%
7.5%
Return before tax on yields of certain
pension-scheme assets, market rate
8.5%
-1.5%
12.2%
5.1%
18.1%
Risk on return related to market rate
3.50
3.50
3.50
4.75
4.75
Costs as a percentage of provisions
0.1%
0.1%
0.1%
0.1%
0.1%
Costs per member
DKK 278
DKK 272
DKK 243
DKK 256
DKK 267
Return on equity after tax
7.8%
2.1%
7.6%
3.4%
10.1%
Return on excess capital after tax
4.4%
0.9%
6.8%
3.0%
9.2%
-
-
-
-
-
-174
-45
-188
-82
-373
213
92
237
80
373
40
47
48
-2
0
645
461
373
544
1,262
7,028
7,440
8,272
8,857
9,178
129.2%
102.9%
123.3%
107.3%
357.5%
3.4%
2.2%
2.8%
2.5%
17.0%
Combined ratio
132.6%
105.1%
126.1%
109.8%
374.5%
Operating ratio
132.6%
105.1%
126.1%
109.8%
374.5%
10.4%
7.3%
5.4%
7.3%
15.8%
Profit/loss for the year
Run-off results
Total insurance provisions
Financial ratios for sickness and accident insurance
Gross claims ratio
Gross expenses ratio
Relative run-off results
*The relatively high value of the gross claims ratio (claims as a percentage of premiums) in the five-year period is
because, during this period, the premiums were reduced by bonuses and premium rebates as a result of the investment
returns for the year.
42
