TSC Annual Report 2024 final - Flipbook - Page 69
Notes - Financial statements
Note 16. Technical provisions
2024
2023
Gross
Reinsurers’
share
Net
Gross
Reinsurers’
share
Net
Opening balance, provision for reported
claims
383,532
-92,674
290,858
373,792
-140,507
233,285
Opening balance, provision for incurred
not reported (IBNR)
16,295
-250
16,046
21,347
-250
21,098
Opening balance
399,827
-92,924
306,904
395,139
-140,757
254,383
Claims occurred during the current year
Claims paid current year
Change in expected cost for claims
occurred previous years (run-off result)
195,939
-115,817
-31,415
-2,950
164,524
-118,767
136,605
-248,012
-1,327
163,746
135,278
-84,266
-24,416
1,789
-24,628
116,096
-114,586
1,509
Closing balance
453,533
-125,500
328,033
399,828
-92,924
306,904
Closing balance, reported claims
434,626
-125,250
309,375
383,532
-92,674
290,858
Closing balance, provision for incurred
not reported (IBNR)
18,907
-250
18,658
16,295
-250
16,046
Opening balance
61,857
-5,549
56,308
54,971
-5,973
48,998
Insurance contracts signed during the
period
58,160
-5,307
52,853
61,857
-5,549
56,308
Premiums earned during the period
-61,857
5,549
-56,308
-54,971
5,973
-48,998
Closing balance
58,160
-5,307
52,853
61,857
-5,549
56,308
Provision for claims outstanding
Provision for unearned premiums
The provision is treated as USD. No exchange differences therefore occur. Provision for claims handling included in provision for claims
outstanding amounts to USD 9,396 (9,396) thousands.
The Swedish Club | Annual Report 2024
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