2023 SFCR Report
-line result supported by release of deferred income provision and gains realisation on divested corporate bonds. The Company’s results for the period are shown below in Section A. Business and Performance. The business reported an underwriting gain... a rebalancing exercise performed by the Company in 2023, moving corporate bonds into government bonds and on the other hand side by the application of the Loss Absorbing Capacity of Deferred Taxes for the first time in 2023. The absolute MCR