Kommunal Landspensjonskasse Statement re EIOPA stress test (9160V)

TIDM41CO

RNS Number : 9160V

Kommunal Landspensjonskasse

16 December 2021

2021 Insurance Stress Test results

The 2021 Insurance Stress Test results of Kommunal Landspensjonskasse (the 'Participant') are based on data and information (the 'Data') provided by the Participant to the national authority competent for its supervision. The Data has been provided to the European Insurance and Occupational Pensions Authority (EIOPA) in accordance with Regulation (EU) 1094/2010. EIOPA is not liable for errors or discrepancies of the Data

Transparency is important to us. Hence, we have elected to publish our results as EIOPA has requested of the participants in this stress test. The results show a significant decrease in assets over liabilities. Without LTG and transitional measures the asset are in fact less than the liabilities. We want to point out that neither planned risk reductions nor our significant possibilities for raising capital is included as assumptions for these results. These are essential components of our risk management and our solvency capital ratio.

The 2021 Insurance Stress Test results of Kommunal Landspensjonskasse is available on the Company's website

https://www.klp.no/en/financial-information   under "Reports 2021".

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