This report will assist customers and other stakeholders in understanding the regulatory capital and financial position of The Canada Life Group (U.K.) Limited (the Company) following the introduction of the EU Solvency II regulations for insurance and reinsurance companies on 1 January 2016.
This report was approved by the Board of the Company, see Directors’ Responsibility Statement, and covers the business performance of the Company, its system of governance, the risk profile of the business, the Solvency II balance sheet valuation methodology and capital management position. It covers the year ended 31 December 2017.
Sections D (Valuation for Solvency Purposes) and E (Capital Management) have been audited, in accordance with the Prudential Regulation Authority (PRA) Requirements. Sections A (Business and Performance), B (System of Governance) and C (Risk Profile) have not been audited.