EIOPA · 3351
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Article
- 2
- Topic
- Reporting Templates
- Submitted
- 2025-05-26
- Answered
- 2025-07-29
Question
We would like to confirm that the amount of earned gross premiums from the S.26.06.04 and S.05.01 can differ due to the use of different exchange rates. For the purposes of SCR calculation the exchange rates at the end of the reporting period should be used to recalculate earned premiums form foreign entities from the capital group (S.26.06.04) while for the purposes of recalculation for the consolidated earned premiums in the S.05.01 the average exchange rate for the reporting period is used.
Answer
This question has been rejected because the issue it deals with is already addressed in Article 2 of Commission Implementing Regulation (EU) 2023/894 of 4 April 2023 laying down implementing technical standards for the application of Directive 2009/138/EC of the European Parliament and the Council with regard to the templates for the submission by insurance and reinsurance undertakings to their supervisory authorities of information necessary for their supervision and repealing Implementing Regulation (EU) 2015/2450. EIOPA confirms that under Article 2 (4) of Commission Implementing Regulation (EU) 2023/894, for the valuation of any income and expenses, undertakings shall use the same basis for conversion as that used for accounting purposes.
This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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