It is the Company’s policy to maintain a strong financial position, holding free reserves and maintaining solvency in excess of global statutory minima, and adopting a low risk investment strategy to ensure we retain considerable financial resilience.
The Company’s principal regulator is the UK Prudential Regulation Authority (PRA). The Company measures and reports its solvency in accordance with the PRA’s requirements. The required capital for the Company, as measured by the PRA’s solvency capital requirement (SCR) and the minimum capital requirement (MCR) are calculated in accordance with Solvency II regulations. As at the last reporting date there have been no reported breaches of the Solvency II capital requirements.