ANNEX A – LICAT Public Disclosure Requirements
Companies are required, at minimum, to maintain a Core Ratio of 55% and a Total Ratio of 90%. OSFI has established supervisory target levels of 70% for Core and 100% for Total capital.
Definitions of terms can be found in Guideline A: LICAT –
Life Insurance Capital Adequacy Test.
(thousands of dollars, except percentages)
|Available Capital (AC1 +B)||(AC)||1,207,073|
|Tier 1 Capital||(AC1)|
|Tier 2 Capital||B|
|Surplus Allowance and Eligible Deposits||(SA + ED)||4,782,439|
|Base Solvency Buffer||(BSB)||4,797,052|
|Total Ratio ([AC + SA + ED]/BSB) x 100||125%|
|Core Ratio ([AC1 + 70% SA + 70% ED] / BSB) x 100||89%|