TSC Annual Report 2024 final - Flipbook - Page 64
Notes - Financial statements
Note 4. Investment income transferred
from the non-technical account
Allocated investment
income transferred to the
technical account
2024
2023
16,800
12,700
The Club uses a model for the calculation of transferred investment income. It is based on the interest rate that corresponds to the United
States 1-year bond yield at the beginning of the year in relation to the provisions for claims outstanding net of reinsurance. For 2024, the
expected 1-year US Government bond rate used was 5.3%. If the calculated annual amount is less than USD 1 million no transfer will be
made.
Average interest rate
2024
2023
5,3%
4,6%
Note 5. Claims paid
2024
Gross
Reinsurers’
share
2023
Net
Gross
Reinsurers’
share
Net
Current year:
Claims Paid
Claims Handling
Costs
-31,032
-16,360
3,705
-27,327
-16,360
-25,259
-13,534
1,195
-24,064
-13,534
-84,785
-6,655
-91,440
-222,754
162,552
-60,201
-132,177
-2,950
-135,127
-261,546
163,747
-97,799
Previous years:
Claims Paid
Note 6. Change in other technical provisions
Value change, Hydra
2024
2023
13,115
3,348
13,115
3,348
This income item reflects the change in value of receivables on Hydra. See Note 19.
64 The Swedish Club | Annual Report 2024
