PRIVATE INSURANCE AGENCY
Transcript of PRIVATE INSURANCE AGENCY
PRIVATE INSURANCE AGENCY
SUSEP CIRCULAR Nº 517 OF JULY 30, 2015
Addresses technical provisions; liability adequacy test; reducing assets; underwriting, credit,
operational and market risk capital; setting up an operating losses database; solvency
regularization plan; registration, custody and handling of assets, bonds and securities held as
collateral against technical provisions; Periodic Information Form (FIP/SUSEP); Accounting
standards and independent auditing of insurance companies, open private pension entities,
investment firms and reinsurers; certification exam and ongoing professional training for
independent auditors; and the technical standards drawn up by the Brazilian Institute of
Actuaries (IBA).
THE SUPERINTENDENT OF THE PRIVATE INSURANCE AGENCY (SUSEP), in Art. 36, items "b",
"f" and "g" of Decree No. 73 of November 21, 1966, together with the provisions of Articles 73
and 74 of Supplementary Law No. 109 of May 29, 2001, together with Articles 2, 5, 6, single
paragraph, subitem II and 12 of Supplementary Law No. 126, of January 15, 2007, together
with Art. 3, § 2 and Art. 4 of Decree No. 261 of February 28, 1967, and considering the
contents of SUSEP Proceeding No. 15414.001684/2015-67,
DETERMINES:
Continuation of SUSEP Circular nº 517 of 2015. 2
Art. 1: To address technical provisions; liability adequacy test; reducing assets; underwriting,
credit, operational and market risk capital; setting up an operating losses database;
registration, custody and handling of assets, bonds and securities held as collateral against
technical provisions; Periodic Information Form (FIP/SUSEP); Accounting standards and
independent auditing of insurance companies, open private pension entities, investment firms
and reinsurers; certification exam and ongoing professional training for independent auditors;
and the technical standards drawn up by the Brazilian Institute of Actuaries (IBA).
Art. 2: For the purposes of this Circular, it shall be considered that:
I - supervised bodies: insurance companies, open private pension entities (OPPE), investment
firms and local reinsurers;
II - the structure in the format contained in this sub-item:
TITLE I: QUANTITATIVE ELEMENTS ............................................................................................. 4
CHAPTER I: Technical Provisions ................................................................................................ 4
Section I: Insurance companies and OPPEs ................................................................................ 4
Section II: Investment firms ........................................................................................................ 8
Section III: Local Reinsurers ……………......................................................................................... 10
Section IV: Insurance companies and OPPEs that do not have sufficient data to use their own
methodology ………......................................................................................................................12
CHAPTER II: Liability Adequacy Test (LAT) …………………...............................................................16
Section I: Current cash flow estimates ......................................................................................16
Section II: Ascertaining the LAT result ………...............................................................................17
Section III: Actuarial study containing the LAT ..........................................................................18
CHAPTER III: Assets that reduce the need for coverage of Technical Provisions …..….….......... 19
Section I: Creditor Rights …………................................................................................................20
Section II: Reducing Reinsurance and Retrocession Assets .......................................................20
Section III: Reducing Judicial Deposits .......................................................................................21
Section IV: Reducing deferred acquisition costs .......................................................................22
CHAPTER IV: Risk Capital ...........................................................................................................22
Section I: Calculating Risk Capital - Transferring Risk and Corporate Transformations ….........22
Section II: Operational Risk Capital - Operating Loss Database ................................................23
Continuation of SUSEP Circular nº 517 of 2015.
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CHAPTER V: Solvency Regularization Plan ………………................................................................ 31
TITLE II: QUALITATIVE ELEMENTS...............................................................................................33
CHAPTER I: Registration, Custody and Handling of Assets, Bonds and Securities held as
Collateral against the Technical Provisions ...............................................................................33
Section I: Registration of Assets securing Technical Provisions and Funds …………....................34
Section II: Authorization of Access to the Investment Portfolio ................................................36
TITLE III: RULES ON TRANSPARENCY AND DISCLOSURE ............................................................ 36
CHAPTER I: Periodic Information Form (FIP/SUSEP) ……………………............................................36
CHAPTER II: Accounting Standards ........................................................................................... 37
Section I: Basic Regulations ...................................................................................................... 37
Section II: Rulings of the Accounting Rules Committee (CPC) .................................................. 58
Section III: Technical Interpretations of the Accounting Rules Committee (CPC) .....................67
Section IV: Review of the documents issued by the Accounting Rules Committee (CPC) ........69
Section V: Procedures for recording reinsurance premiums in the accounts ..........................70
CHAPTER III: Independent Financial Auditing …........................................................................71
Section I: Certification exam and ongoing professional training for independent auditors .... 71
Section II: Minimum procedures to be followed in the comprehensive report on the alignment
of internal controls to the risks incurred by the supervised bodies with respect to auditing .71
CHAPTER IV: Technical rulings of the Brazilian Institute of Actuaries (IBA) .............................75
TITLE IV: FINAL CONSIDERATIONS ........................................................................................... 75
Continuation of SUSEP Circular nº 517 of 2015.
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TITLE I
QUANTITATIVE ELEMENTS
CHAPTER I
Technical Provisions
Art. 3: For each technical provision, the supervised bodies must make an actuarial technical
note specifying the calculation methodology used, signed by the technically responsible
actuary and placed at the disposal of the SUSEP.
I - the actuarial technical note showing the calculation methodology must be submitted to the
SUSEP within five (5) business days from receipt of the request;
II - the SUSEP may, at any time, as may be deemed necessary in each case, determine the
specific methodology to be used by the supervised bodies for calculating the technical
provisions; and
III - as provided for in subsection II, supervised bodies may submit a request to SUSEP to use
their own methodology, the use of which requires prior authorization from SUSEP.
Art. 4: The establishing of Other Technical Provisions (OTP) is only permitted with prior
authorization from SUSEP and must be anticipated in an actuarial technical note signed by the
technically responsible actuary.
Art. 5: For the purposes of Sections I and III of this Chapter, it shall be considered that:
I – premiums: premiums or contributions; and
II – claims: events provided for and covered under the policy or plan.
Section I
Insurance companies and OPPE
Art. 6: To guarantee their operations, insurers and OPPE must, whenever necessary and in
accordance with Addendum I, make the following monthly technical provisions:
I – Provision for Unearned Premiums (PUEP)
II – Provision for Claims reported but not yet settled (RBNS)
III – PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED (IBNR)
IV – Mathematical Provision for Future Benefit Payments (PFBP)
V – Mathematical Provision for Benefits Granted (PBG)
VI – Provision for Additional Coverage (PSC)
Continuation of SUSEP Circular nº 517 of 2015.
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VII – Provision for Related Expenses (PRE)
VIII – Provision for Technical Surpluses (PTS)
IX – Provision for Financial Surpluses (PFS) and
X – Provision for Redemptions and other unsettled amounts (PRO)
Subsection I
Provisions for Premiums
Art. 7: A PUEP must be set up for coverage of amounts payable in relation to claims and
expenses still to arise, for the relevant periods, in regard to risks assumed at the calculation
base date, subject to the following criteria:
I – calculation of the provision must consider the portion of unearned premiums at the
calculation base date and is the result yielded by the equation below, for each branch or plan,
from the individual calculations for each policy:
PUEP = Calculation Base x Outstanding Validity Period / Risk Coverage Validity Period
II – the calculation base is the amount of the commercial premium, in the domestic currency,
including accepted coinsurance, gross of reinsurance and net of ceded coinsurance
transactions and the portion of the premium defined as income for recovery of the initial
contract costs;
III – for the period between the issuance date and the risk coverage coming into effect, the
calculation of the provision shall considering the outstanding validity period to be equal to the
risk coverage validity period;
IV – after issuance and the start of the risk coverage period, the allowance shall be calculated
on a pro rata basis, considering, for the outstanding validity period, the provision calculation
base date and the end date of the risk coverage;
V – the provision must include adjustments for exchange rate variations; and
VI – calculation of the provision must include an estimate of the current risks relating to
policies not yet issued (PUEP-RENI);
Single paragraph: The provision does not apply to plans or products structured as funded
schemes.
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection II
Provisions for Claims
Art. 8: An RBNS must be set up for coverage of amounts that are expected to be paid in
settlement of payments relating to claims reported by the calculation base date, including
accepted coinsurance, gross of reinsurance and net of ceded coinsurance transactions, subject
to the following criteria:
I – the provision covers amounts relating to indemnities, savings and outstanding income,
including monetary correction, interest, exchange rate variations and contractual penalties, as
well as estimated figures for lawsuit liabilities and the results of final judicial decisions;
II – the amounts that are expected to be settled in relation to lawsuits for payment of income
coming due in excess of the amounts offered shall be included in the calculation of the RBNS,
while no final decision has been handed down, after which it shall be included in the PBG;
III – the provision must include, whenever necessary, IBNAR (claims incurred but not reported
in time) adjustments for the aggregate treatment of claims reported but not yet paid, whose
values may be changed over the course of the lawsuit up to the final settlement;
IV – the expectation of receiving salvaged goods and recoveries must be calculated using the
methodology determined in the actuarial technical note and recorded as a salvage and
recoveries adjustment under the RBNS;
V – the value of salvaged goods recorded in the books should not be considered as the
expected value to be received from salvage and recoveries; and
VI – for the purpose of adjustment of salvage and recoveries under the RBNS, the calculation
of the expected value to be received from salvage and recoveries must consider only the
estimated recovery value in relation to reported claims that are yet to be settled.
§ 1: The methodology to be developed for calculating the provision must consider the date the
claim was reported as the effective date of registration in the system by the insurer or OPPE.
§ 2: The amounts relating to the claims reported to the insurer or OPPE must be recorded at
the gross value, including the expected salvage and recoveries income.
§ 3: Adjustment of the salvage and recoveries under the RBNS may only be used when the
insurer or OPPE has a sufficient database to allow analysis of the reliability of the recorded
amounts.
§ 4: The event that gives rise to the writing off of the provision is the financial settlement,
confirmed by the proof of payment of the indemnification, savings or due income, or other
confirmation provided for in the law.
Art. 9: A provision for IBNR must be set up for coverage of amounts that are expected to be
paid in relation to claims incurred but not reported by the calculation base date, including
accepted coinsurance, gross of reinsurance and net of ceded coinsurance transactions, subject
to the following criteria:
I – the provision must include estimates of the amounts relating to indemnification, savings
and income due, including estimates of the sum total of claims incurred but not reported and
considering the figures for lawsuits and the results of final judicial decisions;
Continuation of SUSEP Circular nº 517 of 2015.
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II – the amount expected to be received from salvage and recoveries must be calculated using
the methodology determined in the actuarial technical note and recorded as a salvage and
recoveries adjustment to the IBNR provision;
III – the amounts of salvage recorded in the books must not be considered as the amount
expected to be received in salvage and recoveries; and
IV – for the purpose of adjusting the salvage and recoveries in the IBNR provision, the
calculation of the amount expected to be received in salvage and recoveries must only
consider the estimates returns in relation to claims incurred but not reported;
§ 1: The methodology to be developed for calculating the provision must consider the date the
claim was reported as the effective date of registration in the system by the insurer or OPPE.
§ 2: Adjustment of salvage and recoveries in the IBNR provision can only be performed when
the insurer or OPPE has sufficient database to allow analysis of the reliability of the amounts
recorded.
Subsection III
Mathematical Provisions
Art. 10: A PFBP must be set up before the event that generates the benefit has occurred, for
coverage of the commitments to participants or policyholders, and is to be calculated
according to the methodology approved in the actuarial technical note for the plan or product.
Single paragraph: The provision must be set up for coverage of the benefits arising from plans
or products structured according to the capitalization financial method.
Art. 11: A PBG must be set up, once the event that generates the benefit has occurred, for
coverage of the commitments to participants or policyholders, and is to be calculated
according to the methodology approved in the actuarial technical note for the plan or product.
§ 1: The provision only covers the income coming due, and must be set up for coverage of
benefits arising from plans or products structured according to the capitalization financial
method or the terminal funding method.
§ 2: Amounts in the PBG relating to unpaid overdue income should be written down in that
reserve and included in the RBNS.
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection IV
Other Provisions
Art. 12: A PSC must be set up whenever a shortage in technical provisions is ascertained, using
a Liability Adequacy Test (LAT), in accordance with the requirements specified in Chapter II.
Art. 13: A PRE must be set up for coverage of the expected amounts in relation to claims
expenses.
§ 1: In plans structured according to the capitalization financial method, the provision must
cover all the expenses relating to the settlement of indemnities or benefits resulting from
claims that have been incurred or are to occur.
§ 2: In plans structured according to the pay-as-you-go and terminal funding financial
methods, the provision must cover all the expenses relating to the settlement of indemnities
or benefits resulting from claims incurred, whether reported or not.
Art. 14: A PTS must be set up to guarantee the sums for the distribution of technical surpluses
arising from contractual operations, if such is provided for in the contract.
Art. 15: A PFS must be set up to guarantee the amounts for the distribution of financial
surpluses, in accordance with the prevailing regulations, if such is provided for in the contract.
Art. 16: The PRO includes amounts relating to outstanding redemptions, the refunding of
premiums or funds, requested transfers that, for whatever reason, have not yet been passed
on to the receiving insurer or OPPE, as well as premiums received and not yet parceled out.
Single paragraph: Consider outstanding redemptions to be those that have been requested
and, for whatever reason, have not yet been paid, as well as amounts corresponding to
redemptions whose right has not been exercised, in the case of cancellation of the
participant's contract.
Section II
Investment firms
Art. 17: To guarantee their operations, the investment firms must, whenever necessary, set up,
on a monthly basis, the following technical provisions:
I – Mathematical Provision for Capitalization (MPC)
II – Provision for Distribution of a Bonus (PDB)
III – Provision for Redemption (PR)
IV – Provision for Prize Draws (PPD)
V – Supplementary Provision for Prize Draws (SPPD)
VI – Provision for Draws Payable (PDP) and
VII – Provision for Administrative Expenses (PAE)
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection I
Provisions for Redemptions
Art. 18: An MPC must be set up before the event giving rise to redemption has occurred and
must cover the amounts received for capitalization. It should be calculated for each operative
or suspended security that is in force during the period provided for in the actuarial technical
note.
§ 1: Factors giving rise to the setting up of the provision are:
I – the issuing of the capitalization security against a single payment or, in the case of monthly
or periodic payments, against the first installment; or
II – confirmation of the payment by the underwriter, in the case of the other installments.
§ 2: The provision must take into consideration monetary correction and interest as of the
starting date of the validity period.
§ 3: When the acquisition or initial payment date is unknown, the provision must be set up to
include monetary correction and interest based on earliest of the average date between the
beginning and end of commercialization or the 15th (fifteenth) day from the beginning of
commercialization of the series.
§ 4: When a shortfall is found in the remuneration of the securities, investment firms must
correct the amount of the provision based on interest rates that are sufficient to ensure
coverage of the commitments assumed.
Art. 19: A PDB must be set up before the event that gives rise to a bonus distribution has
occurred and must cover the amounts determined for the bonus payment, which should be
calculated for each operative or suspended security whose plan includes the distribution of
bonuses, according to the criteria set out in the actuarial technical note.
§ 1: Events giving rise to the setting up of the provision are:
I – the issuing of the capitalization security against a single payment or, in the case of monthly
or periodic payments, against the first installment; or
II – confirmation of the payment by the underwriter, in the case of the other installments.
§ 2: When the acquisition or initial payment date is unknown, the provision must be set up to
include the bonus remuneration defined in the actuarial technical note, based on earliest of
the average date between the beginning and end of commercialization or the 15th (fifteenth)
day from the beginning of commercialization of the series.
§ 3: When the event that gives rise to the distribution of a bonus has not occurred and the
obligation to pay a bonus has been definitively terminated, the corresponding amount of the
provision must be reversed in the books.
Art. 20: A PR must be set up that is in effect from the date of the event that gives rise to
redemption of the security and/or the event that gives rise to distribution of the bonus until
the date of financial settlement or receipt of the proof of payment of the obligation, or in
accordance with other cases provided for in the legislation, as follows:
I – matured securities, which must be set up for all securities whose validity has expired; and
II – prepaid securities, which must be set up for all securities that have been cancelled after
the suspension period or due to a stipulated event.
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection II
Provisions for Prize Draws
Art. 21: The PPD covers the amounts received for the prize draw and must be set up for each
security whose prize draws has been funded but, on the date provision is set up, has not yet
been carried out.
Single paragraph: The event that gives rise to the reversal of the provision is the holding of the
prize draw.
Art. 22: A SPPD must be set up to supplement the PPD and used for coverage of any shortfalls
in relation to the expected amount to be offered in the draw to be held.
§ 1: The provision should represent the positive difference between the expected amount to
be offered in the draw to be held and the amount held in the PPD.
§ 2: The event that gives rise to the reversal of the provision is the holding of the prize draw.
Art. 23: A PDP must be set up that is in effect from the date the prize draw is held until the
date of financial settlement or receipt of the proof of payment of the obligation, or in
accordance with other cases provided for in the legislation.
Subsection III
Other Provisions
Art. 24: A PAE must be set up for coverage of the anticipated expenses for administration of
the capitalization plans.
Section III
Local Reinsurers
Art. 25: For each technical provision specified in this Section, the local reinsurer must keep a
record of the analytical controls per assignor, updated monthly and available to SUSEP.
Single paragraph: The document to which the above clause refers must be delivered to SUSEP
within a maximum period of 15 (fifteen) days from the date of receipt of the request.
Art. 26: To guarantee their operations, the local reinsurers must, whenever necessary, set up,
on a monthly basis, the following technical provisions:
I – Provision for Unearned Premiums (PUEP)
II – Provision for Claims reported but not yet settled (RBNS)
III – PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED (IBNR)
IV – Mathematical Provision for Future Benefit Payments (PFBP)
V – Mathematical Provision for Benefits Granted (PBG)
VI – Provision for Supplementary Coverage (PSC)
VII – Provision for Related Expenses (PRE)
VIII – Provision for Technical Surpluses (PTS) and
IX – Provision for Financial Surpluses (PFS)
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection I
Provisions for Premiums
Art. 27: A PUEP must be set up for coverage of the amounts payable in relation to claims and
expenses to be incurred over the course of the periods relating to the risks assumed on the
calculation base date.
§ 1: The provision must be calculated to include any retrocession.
§ 2: Calculation of the provision must include an estimate for the contracts that are in effect
but haven’t been issued (PUEP-RENI).
§ 3: The provision must include adjustments for foreign exchange variations.
Subsection II
Provisions for Claims
Art. 28: An RBNS must be set up for coverage of the amounts to be settled in relation to claims
reported by the calculation base date, including retrocession.
Single paragraph: The provision must, whenever necessary, include IBNAR (Claims Incurred but
Not Adequately Reported) adjustments to enable the aggregate handling of claims that have
been reported but not yet paid, the amount of which may be altered during the process to
final settlement;
Art. 29: An IBNR claims provision must be set up for coverage of the amounts to be settled in
relation to claims that have been incurred but not yet reported by the calculation base date,
including retrocession.
Subsection III
Mathematical Provisions
Art. 30: The PFBP should cover the amount of the commitments assumed by local reinsurers in
their pertinent contracts, in order to guarantee the reinsured benefits that have not yet
started to be drawn.
Art. 31: The PBG should cover the amount of the commitments assumed by local reinsurers in
their pertinent contracts, in order to guarantee the reinsured benefits that have already
started to be drawn.
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection IV
Other Provisions
Art. 32: A PSC must be set up whenever a shortfall in the technical provisions is ascertained,
using a Liability Adequacy Test (LAT), in accordance with the requirements specified in Chapter
II.
Art. 33: A PRE must be set up for coverage of the anticipated amounts of the expenses in
relation to claims.
Art. 34: A PTS must be set up to guarantee the amounts for the distribution of technical
surpluses arising from contractual operations, if such is provided for in the contract.
Art. 35: A PFS must be set up to guarantee the amounts for the distribution of financial
surpluses, in accordance with the prevailing regulations, if such is provided for in the contract.
Section IV
Insurance companies and OPPEs that do not have sufficient data to use their own
methodology
Art. 36: An insurance company or OPPE that does not have an adequate database to be able to
use its own methodology must calculate the IBNR and PUEP-RENI provisions in accordance
with the criteria set out in this Section.
Subsection I
IBNR Provision
Art. 37: For the purpose of setting up a provision for IBNR claims, insurers should use for their
calculation base the highest value of the application of the percentages set out in Addendum II
to the sum of the premiums base or the claims base, over a period of twelve (12) months,
considering the month the provision is set up plus the eleven (11) preceding months.
§ 1: The insurer that, on the base date that the provision is set up, has been in operation in a
specific insurance class for less than twelve (12) months, should consider the sum of the
premiums base and claims base since the start of its operations in that class.
§ 2: For the purposes of this article, it shall be considered that:
I – premiums base: the sum of the direct written premiums relating to risks assumed and
policies issued and the co-insurance premiums accepted, less the co-insurance premiums
ceded, discounting all cancelled or returned portions of the premiums; and
II – claims base: the sum of the direct claims and co-insurance claims accepted, less the co-
insurance claims ceded, considering all due reappraisals, and reopened and cancelled claims.
Continuation of SUSEP Circular nº 517 of 2015.
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Art. 38: For endowment insurance and life insurance under "Private Individuals", the
calculation of the IBNR provision shall be determined by the highest value from the application
of the percentages defined in Addendum III to the sum of claims paid or premiums over a
period of twelve (12) months, considering the month the provision is set up plus the eleven
(11) preceding months.
§ 1: For the purposes of this article, the sum of the premiums mentioned in the above clause
should consider the commercial premiums for products structured according to the pay-as-
you-go or terminal funding methods, and the pure premiums for products structured
according to the capitalization financial method.
§ 2: Calculation of the sums of the claims paid and premiums mentioned in the above clause
should not include survivors’ insurance coverage.
§ 3: Insurers that, on the date the provision is set up, have been running the specific plan for
less than twelve (12) months, shall consider the sum of the claims paid and premiums since
the start of their operations.
§ 4: The amounts of claims paid and premiums must include reinsurance and accepted co-
insurance and be net of ceded co-insurance.
Art. 39: For the private supplementary pension plans, the calculation of the IBNR provision
shall be determined by the highest value obtained from applying the percentages defined in
Addendum IV to the sum of the benefits paid or the contributions received over a period of
twelve (12) months, considering month the provision is set up plus the eleven (11) preceding
months.
§ 1: For the purposes of this article, the sum of the contributions mentioned in the above
clause must consider the commercial contributions to products structured according to the
pay-as-you-go or terminal funding financial methods, and the pure contributions to products
structured according to the capitalization financial method.
§ 2: Calculation of the sums of the benefits paid and the contributions received, mentioned in
the above clause, shall consider the groups of categories defined in the table in Addendum IV,
applying the percentages shown therein to the total benefits paid and contributions received
for each group.
§ 3: Calculation of the sums of the benefits paid and the contributions received, mentioned in
the above clause, should not include the plans covering survivors’ dependents.
§ 4: In calculating the provision per plan/benefit, the amounts obtained after the application of
the percentages relating to each group shall be apportioned among the plans/benefits that
comprise each group, with the form of allocation chosen at the discretion of the insurer or
OPPE.
§ 5: Any insurer or OPPE that, on the date the provision is set up, has been running the specific
plan for less than twelve (12) months, shall consider the sum of the benefits paid and
contributions since the start of its operations.
§ 6: The amounts of benefits paid and contributions received shall include reinsurance and
accepted co-insurance, less ceded co-insurance.
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection II
The portion of the Provision for Unearned Premiums relating to current Risks regarding
policies Not yet Issued (PUEP-RENI)
Art. 40: For the purpose of the insurers setting up a PUEP-RENI, the calculation base must use
application of the percentages defined in Addendum V to the premiums base in the reference
month or to the PUEP for risks assumed in policies already issued in the reference month, for
each specific class.
Single paragraph: For purposes of this article, the premiums base shall be taken as the sum of
the direct written premiums on risks assumed and policies issued and the premiums on
accepted co-insurance, less the premiums on ceded co-insurance, discounting the installments
on canceled or refunded premiums.
Art. 41: For open private supplementary pension products, endowment insurance or life
insurance classified under "Private Individuals", the calculation of the PUEP-RENI should
consider the percentage value 4.1% (four point one percent) applied as follows:
I – for savings and income plans structured according to the pay-as-you-go and terminal
funding financial methods: on the commercial contributions in the reference month,
considering the inclusions and exclusions relating to co-insurance transactions;
II – for endowment insurance and life insurance under "Private Individuals", structured
according to the pay-as-you-go and terminal funding financial methods: on the commercial
premiums in the reference month, considering the inclusions and exclusions relating to co-
insurance transactions.
Single paragraph: In calculating the provision per plan/benefit, the amounts obtained after the
application of the percentages shall be apportioned among the plans/benefits that comprise
each group, with the form of allocation chosen at the discretion of the insurer or OPPE.
Art. 42: Insurers and OPPE may, at their discretion, calculate the PUEP-RENI based on the
difference between the PUEP adjusted for the policy issue delay and the portion of the PUEP -
calculated according to the current regulations - relating to assumed and written premiums.
§ 1: The PUEP adjusted for the policy issue delay represents the PUEP value that would be
calculated if the risk coverage period were displaced by a period equal to the month’s issue
delay.
§ 2: For the purposes of this article, the month’s issue delay will not be zero only when the
policy issue month is later than the month when the risk coverage comes into effect, and in
such cases, the following procedure should be used to determine the amount:
I - consider only the months and years of the dates for the issuing of the policy and the start of
the risk coverage, ignoring the days of those respective dates;
II - determine full value of the difference, in months, between the issuing of the policy and the
start of the risk coverage, respecting the provisions of the preceding item; and
III - consider as the month’s issue delay the number of months obtained in the preceding item.
Continuation of SUSEP Circular nº 517 of 2015.
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§ 3: Calculation of the PUEP adjusted for the policy issue delay is determined according to the
following equation:
PUEP adjusted for the policy issue delay = Premium x 𝐀d𝐣𝐮𝐬𝐭e𝐝 Outstanding Coverage
𝐏𝐞𝐫i𝐨𝐝 / Validity 𝐏𝐞𝐫i𝐨𝐝
I – for the purposes of this article, the premium corresponds to the amount of the
premium/contribution used as a basis for calculating the PUEP, in accordance with the current
regulations;
II – the validity period corresponds to the total risk coverage period;
III – the adjusted outstanding coverage period corresponds to the period between the date the
risk coverage ends, plus the month’s policy issue delay, and the base date of the setting up of
the provision;
IV – if the risk coverage has not yet come into effect, the adjusted outstanding coverage period
will be equal to the validity period;
V – if the base date when the provision is set up is after the date the risk coverage ends, plus
the month’s policy issue delay, the period of the adjusted outstanding coverage will be equal
to zero.
Subsection III
General Provisions of this Section
Art. 43: Insurers and OPPE must inform SUSEP, within thirty (30) days of the setting up of the
provision, for which insurance plans or categories they are using the criteria defined in this
Section.
Art. 44: Using the methodology defined in this Section does not exempt the insurer or OPPE
from the obligation to, from the moment a criterion is seen to be inadequate, apply another
more suitable calculation methodology and set up the appropriate technical provision.
CHAPTER II
Liability Adequacy Test (LAT)
Art. 45: Insurers, OPPE and local reinsurers must perform the Liability Adequacy Test (LAT) to
evaluate the liabilities arising from their contracts and certificates, using statistical and
actuarial methods based on realistic considerations.
Single paragraph: The LAT does not apply to contracts and certificates in relation to DPVAT,
DPEM and Housing Insurance under the National Housing Finance Scheme (SFH).
Art. 46: For the purposes of this Chapter, it shall be considered that:
I – base date: the dates of June 30th and December 31st;
Continuation of SUSEP Circular nº 517 of 2015.
16
II – current estimates of cash flows: expected present value of cash flows arising from
fulfillment of the contracts and certificates relating to plans sold by insurance companies,
OPPE and local reinsurers;
III – technical base: the interest rate, biometric life table and price index used; and
IV – recorded premiums and contributions: amounts recorded in accordance with the
accounting principles determined for the posting of income from premiums and contributions.
Section I
Current Estimates of Cash Flows
Art. 47: Current estimates of cash flows must consider all risks assumed up to the test base
date and include reinsurance by insurers and OPPE and retrocession by local reinsurers.
§1: The future premiums and contributions taken into consideration must be kept separate
from the cash flows relating to recorded premiums and contributions and there must be no
offsetting between these two flows in the results of the LAT.
§2: The assumptions made in relation to expenses, redemptions, persistency, portability,
extended insurance, extended benefit, settlement and conversion to income option should be
based on the experience of the insurer, OPPE or local reinsurer, or on the market, when there
is no in-house expertise, up to a maximum period of three (3) years.
Art. 48: Calculation of current estimates of cash flows must consider the cash flows on, at
most, an annual basis.
Art. 49: Calculation of survival and mortality estimates must use the BR-EMS tables in effect at
the time the LAT is performed, adjusted for longevity developments compatible with the most
recent versions disclosed.
Art. 50: Calculation of the estimates of other biometric variables must use tables that are in
line with the proven expertise of the insurers, OPPE and local reinsurers.
Art. 51: Current estimates of cash flows must be discounted to present value based on the risk-
free Term Structure of Interest Rates (TSIR) defined by SUSEP, as shown in the table below:
Index Rate Yield Curve Coupon
IGPM IGPM
IGPDI IGPM
IPCA IPCA
IPC IPCA
INPC IPCA
TR TR
US dollar Forex
Single paragraph: Current estimates of cash flows in nominal terms should use the TSIR free of
predetermined risk.
Continuation of SUSEP Circular nº 517 of 2015.
17
Section II
Determining the LAT Result
Art. 52: The result of the LAT will be shown by the difference between the amount of current
estimates of cash flows and the sum of the book balance of the technical provisions on the
base date, less the deferred acquisition costs and intangible assets directly related to the
technical provisions.
§1: The technical provisions mentioned in the above clause include all the technical provisions
set out in Sections I and III of Chapter I, with the exception of the PSC.
§2: From the amount obtained according to the previous clause, if it is positive, one may
deduct the amount corresponding to the difference between the market value and the book
value, on the base date, of the securities pledged as collateral for the technical provisions,
recorded in its assets under the category "held to maturity" and used as the basis for
calculating the financial surpluses.
§3: Until SUSEP reassesses the market conditions and the impact of the new international rules
under discussion, insurers, OPPE and local reinsurers may, exceptionally, extend the deduction
provided for in the preceding paragraph to other securities put forward as collateral assets
against the technical provisions, recorded in its assets under the category "held to maturity"
and effectively used as coverage of the technical provisions.
§4: If the LAT result is positive, it should be recognized in the PSC.
§5: Updating of the LAT is permitted between the calculation base dates and the technical
criteria used in the actuarial study of the LAT must be specified.
Art. 53: When making use of the option provided for in §2 and §3 of Art. 52, the insurer, OPPE
or local reinsurer must disclose in the notes to the financial statements the methods,
procedures, assumptions and suppositions adopted in preparing the LAT, as well as the
amount of the monetary effect resulting from the use of that option.
Single paragraph: The accounting balance of the technical provisions must be increased by the
amount of the monetary effect mentioned in the above clause, for the purpose of pledging the
assets as collateral, as provided for in the specific legislation.
Continuation of SUSEP Circular nº 517 of 2015.
18
Section III
Actuarial Study containing the LAT
Art. 54: Insurers, OPPE and local reinsurers must prepare an actuarial study that includes, at
the very minimum, explanations of:
I – the resource inputs and outputs;
II – the actuarial, statistical and financial methodology utilized;
III – the hypotheses and assumptions adopted for the forecasting of each estimated variable;
IV – the partial result of the LAT for each of the following groups of contracts and certificates:
a) products structured according to the capitalization financial method - separated into those
in the benefit concession phase and those in accumulation phase, subdivided by type of
coverage, technical basis and whether or not there is a contractual provision for financial
surplus credits, and also noting the distinction between future and recorded premiums and
contributions;
b) products structured according to the terminal funding financial method - separated into
those in the benefit payments phase and others, subdivided by type of coverage, technical
basis and whether or not there is a contractual provision for financial surplus credits, and also
noting the distinction between future and recorded premiums and contributions; and
c) products structured according to the pay-as-you-go financial method - separated into those
where the event giving rise to the indemnification or benefit has already occurred and those
where the event has not yet occurred, subdivided into property and casualty insurance, life
and personal insurance and open private supplementary pension transactions, and also noting
the distinction between future and recorded premiums and contributions.
V – a statement of the calculation of the difference between the market value and the book
value of the securities considered, as well as the cash flows covered by those securities, in the
event of using the option provided for in §2 and §3 of Art. 52; and
VI – a statement of the calculation of the final LATresult and, if it is positive, the reasons for
that shortfall and the steps taken, where necessary.
Art. 55: The actuarial study containing the LAT must be made available to SUSEP, at the head
office of the insurance company, OPPE or local reinsurer.
Single paragraph: The study relating to the base date of December 31st must be sent to SUSEP,
together with the documents of the independent actuarial audit, as set out in the specific
regulations.
Art. 56: SUSEP may authorize the use of methods, criteria, biometric life tables, TSIR, and any
parameters and assumptions different to those set out in this Circular, upon request and
taking into account the specific characteristics of the operations of the insurer, OPPE or local
reinsurer.
Art. 57: SUSEP may determine, if it ascertains any technical inadequacy in the preparation of
the LAT, that adjustments be made in the methods, criteria, parameters and assumptions
adopted by the insurance companies, OPPE and local reinsurers.
Continuation of SUSEP Circular nº 517 of 2015.
19
CHAPTER III
Assets that reduce the need for coverage of Technical Provisions
Art. 58: The following may be offered as collateral assets to offset the need for technical
provision coverage:
I – creditor rights;
II – reducing reinsurance and retrocession assets;
III – reducing judicial deposits; and
IV – reducing deferred acquisition costs.
Single paragraph: The assets provided to reduce the need for coverage of technical provisions
cannot be offered as collateral for other transactions.
Section I
Creditor Rights
Art. 59: From the need for coverage of their technical provisions, insurers, OPPE and local
reinsurers may deduct as collateral assets the amount of creditor rights.
Art. 60: The amount of creditor rights corresponds to the amount of premiums receivable,
relating to the installments not yet due, proportional to the duration of the risk still to elapse
for each installment, at the calculation base date.
§ 1: The amounts of outstanding installments whose risk has already elapsed and installments
due and unpaid cannot be considered in the calculation of the amount of creditor rights.
§ 2: The calculation base used for calculating the amount of credit rights must be the same
base used to calculate the PUEP.
§ 3: Insurers, OPPE and local reinsurers that utilize creditor rights relating to current risks
pertaining to premiums that have not yet been issued must maintain an updated study to
show the adequacy and reliability of the balance that has been set up.
§ 4: The study mentioned in the previous paragraph must be explained in detail in an actuarial
technical note kept by the insurer, OPPE or local reinsurer and, whenever requested by SUSEP,
must be delivered within a maximum of 15 (fifteen) days from the request date.
Continuation of SUSEP Circular nº 517 of 2015.
20
Section II
Reducing Reinsurance and Retrocession Assets
Art. 61: From the need for coverage of their technical provisions, insurers, OPPE and local
reinsurers may deduct as collateral assets the amount of reducing reinsurance assets and
reducing retrocession assets.
Art. 62: For the purposes of this Section, it shall be considered that:
I – assignor: one who transfers part of the assumed risk;
II – assignee: one who assumes part of the transferred risk;
III – counterparty: an assignee in a reinsurance or retrocession contract;
IV – reducing reinsurance assets and reducing retrocession assets: counterparty credits that
may be deducted as collateral assets from the need for coverage of their technical provisions;
V – reinsurance premiums: the portion of premium amounts set out in the assignment
contracts that relate to insurance transactions for which technical provisions have already
been made by the insurance company or OPPE; and
VI – retrocession premiums: the portion of premium amounts set out in the assignment
contracts that relate to reinsurance transactions for which technical provisions have already
been made by the local reinsurer.
Art. 63: Reducing reinsurance and retrocession assets may be defined as:
I – the respective amounts of deferred reinsurance premiums and deferred retrocession
premiums directly related to the assignor’s technical provisions, net of outstanding amounts
payable to the counterparty, both due and yet to come due;
II – the expected amounts of cash flows in relation to claims and benefits incurred and not yet
settled by the assignor, arising from compliance, respectively, with reinsurance and
retrocession contracts; and
III – the amount of the portion of a shortfall in technical provisions, calculated using the LAT,
that is the responsibility of counterparties.
§ 1: Deferred reinsurance premiums and deferred retrocession premiums must be net of any
commissions that the assignee pays to the assignor in relation to the risk assignment contract
and calculated in the same way as the PUEP and according to the type and validity of the risk
assignment contract.
§ 2: Insurers, OPPE and local reinsurers must keep a document showing the separation of the
reducing reinsurance assets and reducing retrocession assets, as the case may be, by
counterparty and by type of contract, updated on a monthly basis and available to SUSEP, and
it must be delivered to SUSEP within a maximum of 15 (fifteen) days from the date of receipt
of the request.
§ 3: Reducing reinsurance assets and reducing retrocession assets relating to Other Technical
Provisions (OTP) that requiring prior approval from SUSEP can only be utilized after following
the same procedure as for approval of the respective technical provision.
Continuation of SUSEP Circular nº 517 of 2015.
21
Section III
Reducing Judicial Deposits
Art. 64: From the need for coverage of their technical provisions, supervised bodies may
deduct as collateral assets those portions of judicial deposits relating to technical provisions.
Single paragraph: The amount of the portion described in the above clause must not exceed
the amount of the corresponding outstanding claim, net of the reducing reinsurance or
retrocession asset.
Section IV
Reducing Deferred Acquisition Costs
Art. 65: From the need for coverage of their technical provisions, insurers, OPPE and local
reinsurers may deduct as collateral assets the deferred acquisition costs in relation to COST OF
BROKERAGE, duly settled, that are directly related to the amount of commercial premiums and
deferred according to the validity period for each risk.
Single paragraph: In the exceptional case of extended warranty insurance in the extension of
guarantee format, deferred acquisition costs relating to the effectively settled expenses of
insurance representatives, directly related to the amount of the commercial premium and
deferred according to the validity period for each risk, can be provided as collateral assets to
reduce the need for coverage of the technical provisions.
CHAPTER IV
Risk Capital
Section I
Calculating Risk Capital - Transferring Risk and Corporate Transformations
Art. 66: In the case of a supervised body that takes over another supervised body or is created
from a merger between supervised bodies, the portions of the risk capital whose calculations
depend on information from periods prior to the business combination shall be calculated
considering the aggregate total of the records of each of the supervised bodies that were
combined.
Art. 67: In the case of a supervised body that transfers or receives transactions to or from
another supervised body by means of a spin-off or portfolio transfer, the portions of the risk
capital whose calculations depend on information from periods prior to the transfer/spin-off
shall be calculated considering the records of the transactions of the portfolios that were
transferred/spun off.
Single paragraph: For the purposes of the calculation, the spun-off portions of the transaction
records referred to in the above clause shall be deducted from the records in the FIP of the
assignor/split-off and added to the records in the FIP of the assignee/receiving company.
Art. 68: In the case of a supervised body that becomes an OPPE insurer, or vice versa, the the
portions of the risk capital whose calculations depend on information from periods prior to the
change shall be calculated considering the records of the transactions of the supervised body
or entity prior to the change.
Continuation of SUSEP Circular nº 517 of 2015.
22
Art. 69: A supervised body that receives a portfolio, takes over another supervised body or
spun-off portion of a supervised body or is created through a merger or split shall, by the 10th
day of the month following completion of the transaction, submit a filing to the SUSEP
communicating the event to the Office for Solvency Monitoring General Coordination (CGSOA).
§ 1: For the purposes of this Section, the month of completion of the transaction shall be
considered as:
I – In the case of a portfolio transfer: the month containing the date when the transfer was
agreed, according to the contract between the assignor and the assignee;
II – In the case of a split, merger or takeover: the month in which the decision on the
transaction was taken at a general meeting of the shareholders.
§ 2: The filing referred to in the above clause must contain the number of the prior
authorization procedure and, in cases of portfolio transfer or split (whether taken over or not),
the submission must be preceded by the delivery of the digital files defined in Addendum VI,
using the "File Uploads" system at the SUSEP website.
Art. 70: The amounts reported by the supervised bodies in the FIP may be adjusted, at the
discretion of SUSEP, for the purpose of calculating the risk capital, whenever there is evidence
to indicate such a need.
Section II
Operational Risk Capital - Operating Loss Database
Art. 71: For the purposes of this Section, it shall be considered that:
I – Operating Loss Database (OLDB): a database to be set up by the supervised body for storing
information about its operating losses, according to Addendum VII;
II – operational risk: the possibility of incurring losses as a result of the failure, deficiency or
inadequacy of internal processes, employees or systems, or from fraud or external events,
including legal risk but excluding the risks relating to strategic decisions or the reputation of
the institution;
III – operating loss: the quantifiable amount resulting from the failure, deficiency or
inadequacy of internal processes, employees or systems, or due to fraud or external events,
including legal losses but excluding losses relating to strategic decisions or the reputation of
the institution;
IV – external events: events occurring outside the company, such as stoppages caused by riots,
strikes, revolts, acts of terrorism, uprisings, natural disasters, fires, blackouts or any other
event not directly related to the activities of the institution but that could cause the failure or
collapse of services essential to the performing of its operational activities;
V – legal loss: the quantifiable amount resulting from fines, penalties or reparations as a result
of the action of supervisory and control bodies, as well as losses arising from unfavorable
decisions in judicial or administrative proceedings;
Continuation of SUSEP Circular nº 517 of 2015.
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VI – root event: an operating loss whose existence is independent of other operating losses;
VII – associated loss: a loss resulting from a root event and that would not have otherwise
occurred;
VIII – near loss: a failure, connected to an operational risk event, that did not have a financial
impact, or any operational risk event that might have come about and had a financial impact,
but was avoided;
IX – business function: business area of a supervised body that is responsible for the loss
recorded in OLDB, considering the categories shown in Addendum VII;
X – recovery: when the term refers to a record in the OLDB, it means that it relates to
information about an amount recovered, through insurance, reinsurance, a lawsuit or other
source, in relation to an operating loss already recorded in the database;
XI – update: when the term refers to a record in the OLDB, it means that it relates to a record
that modifies amounts that have previously been attributed to an operating loss, which were
already recorded in the database;
XII – operational risk capital (ORC): variable amount of capital that a supervised body must
maintain, at all times, to guarantee the operational risk to which it is exposed;
XIII – premiums base is equivalent to the following:
a) for insurance and reinsurance products, except those shown in sub-item "b" under earned
premiums: as defined by the applicable accounting standard;
b) for Individual Life, Endowment, VGBL, VAGP, VRPG, VRSA and VRI insurance products, as
well as for pension products: the commercial premiums or contributions, including accepted
co-insurance transactions but excluding ceded co-insurance transactions;
c) for capitalization products: the total of the amounts collected.
XIV – technical provisions: sum of the technical provisions recorded for all the products sold by
the supervised body.
Subsection I
Mandatory Setting Up of an OLDB
Art. 72: Any supervised body that has a simultaneous annual premium base and technical
provisions in excess of R$ 200,000,000 (two hundred million reais) in the two (2) previous
years shall be required to set up an OLEDB.
§ 1: Every year, upon the closing of the accounting balance sheet for the previous year, the
supervised body must check its position with regard to the mandatory setting up of an OLDB.
§ 2: Once the mandatory setting up of an OLDB has been confirmed, the supervised body must
submit a filing to the SUSEP by April 1st of the same year, communicating the fact to the Office
for Solvency Monitoring General Coordination (CGSOA).
Continuation of SUSEP Circular nº 517 of 2015.
24
§ 3: Any supervised body that is not obliged to set up an OLDB may nevertheless choose to do
so at any time, applying to itelf the same rights and duties as those institutions that are
required to set up such a database.
§ 4: Any supervised body that chooses to adopt the provisions of § 3 must submit a filing to the
SUSEP, communicating the fact to the CGSOA.
§ 5: Studies into refining the model regulating the operational risk capital must consider the
need to differentiate in the calculation for supervised bodies that have not set up an OLDB, in
order to offset the absence of information and control over the operational risk that would
come about from implementation and use of such a database.
Art. 73: A supervised body may interrupt the implementation of an OLDB or stop feeding
information into it if its annual premium base or technical provisions falls below R$
100,000,000 (one hundred million reais) at the end of the previous year.
§ 1: Upon deciding to adopt one of the options provided for in the above clause, the
supervised body must submit a filing to the SUSEP, communicating the fact to the CGSOA.
§ 2: Interrupting the implementation of or feeding information into an OLDB may only occur
after submitting the required communication mentioned in the preceding paragraph.
Subsection II
Stages and Chronograms for setting up an OLDB
Art. 74: Development of an OLDB shall involve, at the very least, the following stages:
I – Capture and Classification Controls – involves the development of controls for the
identification, capture and classification of material operating losses, recovery events and any
updates associated with same; and
II – Design and Implementation of the Database – involves the physical storage systems for the
operating loss data and mechanisms for consultation, alteration and reports and definitions
relating to the security of these systems.
§ 1: The implementation of the described steps must be documented by the supervised body,
along with the determined procedures and definitions.
§ 2: The controls and systems developed to meet the requirements of items I and II of the
above clause must be compatible with the nature of the transactions of the supervised body
and the complexity of the products and services it provides, as well as being proportionate to
the size of its exposure to operational risk.
Art. 75: The Capture and Classification Controls must be implemented for at least the following
activities:
§ 1: For insurance and reinsurance transactions:
I – underwriting of risk and issuing of policies; and
II – regulation of claims.
§ 2: For pension transactions:
I – underwriting of plans and issuing of certificates; and
Continuation of SUSEP Circular nº 517 of 2015.
25
II – concession of benefits.
§ 3: For capitalization transactions:
I – underwriting of savings bonds; and
II – draws, redemption of prizes and bonds.
§ 4: For all transactions:
I – treasury / investments; and
II – following the progress of lawsuits and the estimated amounts involved and reconciling
these with the accounting records.
Art. 76: The deadline for the development of an OLDB is 36 (thirty-six) months, from August 6,
2014, according to the following implementation schedule:
I – 18 (eighteen) months for the development of the Capture and Classification Controls; and
II – 18 (eighteen) months for the development of the Design and Implementation of the
Database.
§ 1: A supervised body may adopt an alternative implementation schedule, as long as it
complies with the following conditions:
I – the total period for the development of the OLDB may not exceed that determined in the
above clause;
II – at least 2 (two) of the steps mentioned in items I and II of Art. 74 must be included;
III – the period for the completion of each of the steps described in items I and II of Art. 74
must not be less than 12 (twelve) months, although the concurrent performing of more than
one step is allowed.
§ 2: If a supervised body opts for an alternative timetable, the communications required under
the provisions of paragraphs 2 and 4 of Art. 72 must include an addendum showing the
proposed timetable.
§ 3: At the end of each stage determined in Art. 74, the supervised body must provide
documentation supporting the internal approval, by a director of the company, of the work
undertaken, and the performing of internal auditing to assess the adequacy of the procedures
defined and systems introduced.
§ 4: In the case of a supervised body that is only classified for the mandatory setting up of an
OLDB after August 6, 2014, the period stated in the above clause shall be counted from the
publication date of the financial statements for the financial year in which it was so classified.
§ 5: In the case of a supervised body that is not classified for the mandatory setting up of an
OLDB but nevertheless chooses to do so, the period stated in the above clause shall be
counted from the first day of the month following the month in which the filing by which it
communicated its choice was registered with the SUSEP.
Art. 77: The start of feeding information into the OLDB shall be the first working day following
the deadline set for its development.
Continuation of SUSEP Circular nº 517 of 2015.
26
Subsection II
Validation of the OLDB
Art. 78: The supervised body’s internal auditing must set out an auditing program to assess the
activities relating to the development and feeding of information into the OLDB, including the
preparation of reports containing critical analysis of, at least, the following:
I – the ability of the procedures adopted for the identification and capture of operational
losses to cover all the significant exposure to the operational risk associated with the
supervised body’s activities;
II – the adequacy of the procedures for the classification of operating losses;
III – the comprehensiveness, soundness, integrity and reliability of the OLDB data;
IV – the adequacy of the technological infrastructure and the performance of the physical
storage systems comprising the OLDB, as well as the adequacy of its security;
V – the integrity, comprehensiveness and consistency of the documentation pertaining to the
OLDB;
VI – recommendations with respect to any shortcomings;
VII – the statements of those responsible for areas where shortcomings were noted and a
statement of the measures already taken to rectify them;
VIII – a timetable for rectifying the shortcomings identified; and
IX – Any other important detail that was noted.
§ 1: Assessments by internal auditing should take place on at least the following occasions:
I – at the end of each stage in the development of the OLDB, as described in items I and II of
Art. 74;
II – annually, at the end of each financial year, at least 6 (six) months after the start of feeding
information into the OLDB.
§ 2: The supervised body will have a period of 4 (four) months from the completion of each
stage of the development of the OLDB to submit a filing to the SUSEP, forwarding all the
internal auditing reports covered by item I of § 1 of this Article to the CGSOA.
§ 3: The supervised body will have until the last business day in April of each year to submit a
filing to the SUSEP, forwarding the internal auditing reports covered by item II of § 1 of this
Article to the CGSOA.
§ 4: The conclusions, recommendations and statements referred to in items I to IX of the
above clause must be presented to the external auditors, the audit committee and the
supervisory board, if there is one, and to the executive board of the supervised body, in the
absence of a supervisory board.
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection III
Operating Loss Database (OLDB)
Art. 79: The feeding of information into the OLDB should consider the guidelines in the most
recent version of the document, "Standards for Reporting Operating Losses in the OLDB",
available on the SUSEP website, as well as the provisions of Addendum VII, both in relation to
the information to be made available and to its format and possible values.
§ 1: The process of collecting and storing the operating loss data must be continuous and the
discarding of data from the OLDB is only permitted under the following circumstances:
I – in the case of a duly confirmed posting error; or
II – 10 (ten) years after the official closure of a loss, according to the information provided
under "Status of Loss" in the OLDB.
§ 2: The updating of information relating to losses that is already inserted in the OLDB must be
carried out by means of a Recovery or Update procedure in association with the original stored
loss.
Art. 80: The recording of an operating loss in the OLDB must be performed promptly, following
verification of which was the first of the following events:
I – accounting record of any amount in relation to the loss, as a provision or contingency; or
II – carrying out a financial outlay in relation to the loss.
Single paragraph: Recording of a Near Loss in the OLDB should be made at the time the
supervised body that has chosen to work with this type of operational risk event, as provided
for in Art. 85, has tangible evidence that the corresponding event will not result in any of the
effects listed in items I and II.
Art. 81: The supervised body must establish consistent criteria for recording in the OLDB losses
associated with more than one business function.
Art. 82: Operating losses related to the same operational risk event should preferably be
grouped.
§ 1: It is up to the supervised body to determine consistent and verifiable criteria for the
process of grouping mentioned in the above clause.
§ 2: The grouping may be limited to the losses incurred within a specific period of time,
determined by the supervised body.
Art. 83: For the purpose of feeding information into the OLDB, the supervised body may
choose to disregard losses the gross amount of which is less than R$ 5,000 (five thousand
reais).
§ 1: If adopted, the option referred to in the above clause must be documented by the
supervised body and apply to all losses that meet the specified condition.
§ 2: Analysis of the gross amount of the loss, for the purpose of exercising the option provided
for in the above clause, should, where applicable, be preceded by the grouping of the losses
mentioned in Art. 82.
Continuation of SUSEP Circular nº 517 of 2015.
28
§ 3: Application of the provisions of the above clause should be confirmed by means of
documentation certifying that, based on the information available on the date the loss was
disregarded, the gross amount was less than R$ 5,000 (five thousand reais) and there were no
other losses deriving from the same origin whose combined gross amounts exceeded that
figure.
Art. 84: Should it be impossible to discern the date of the occurrence that led to the event
being recorded, the process of filling in the space, "Occurrence Date" should follow the
provisions of item V of Art. 91.
Art. 85: Recording Near Loss events in the OLDB and the corresponding use of codes 2 and 4
under "Event Type" is optional and it is up to the supervised body to determine consistent
criteria for their application.
Art. 86: Recording Associated Loss events in the OLDB and the corresponding use of codes 3
and 4 under "Event Type" is optional and it is up to the supervised body to determine
consistent criteria for their application.
Single paragraph: The supervised body that chooses not to consider the concept of Associated
Losses when recording operating losses must record these events as Root Events that are
independent or grouped with each other, according to consistent criteria that it has
determined and duly documented.
Art. 87: The supervised body must document the methodology used to classify the operating
losses in the categories listed under "Category" in the OLDB.
Single paragraph: The methodology cited in the above clause must be:
I – applicable to all operating losses identified in the Capture and Classification Controls stage
described in Art. 74;
II – sufficiently precise for there to be no possibility of the same loss being classified in more
than one category;
III – subject to the analysis provided for in item II of Art. 78.
Art. 88: The supervised body must document the criteria used for relating the existing business
functions in its organization chart with those defined in the space, "Business Function" in the
OLDB.
Single paragraph: The criteria mentioned in the above clause must be included in the analysis
provided for in item II of Art. 78.
Art. 89: The supervised body must document the criteria used for relating the operating losses
to the causes listed in the space, "Cause of Loss" in the OLDB.
Single paragraph: The criteria mentioned in the above clause must be:
I – applicable to all operating losses identified in the Capture and Classification Controls stage
described in Art. 74;
II – sufficiently precise for there to be no possibility of the same loss being associated with
more than one cause;
III – subject to the analysis provided for in item II of Art. 78.
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection IV
Submitting the Information Contained in the OLDB
Art. 90: A supervised body that is required to set up an OLDB or has chosen to do so voluntarily
must send to SUSEP the record of its operational risk events, on the following dates:
I – within 10 business days from the date on which the supervised body completes 1 (one) year
of feeding information into the OLDB;
II – within 10 business days from the date on which the supervised body completes 3 (three)
years of feeding information into the OLDB;
III – within 10 business days from the date on which the supervised body completes 5 (five)
years of feeding information into the OLDB; and
IV – at any time, after the first year of feeding information into the OLDB, at the request of
SUSEP.
§ 1: In any of the cases provided for in items I to IV, the records of operational risk events that
are submitted must contain all the accumulated information since such information began to
be fed into the OLDB, except as provided for in paragraph 1 of Art. 79.
§ 2: The information on operational risk events in the OLDB, no matter whether it is a
confession or acknowledgment of unlawful conduct related to the recorded event.
Art. 91: The records of operational risk events must be submitted in an electronic file, the
means of despatch of which shall be determined by SUSEP, according to the following criteria:
I – delivered in a single digital file that is in text format (.txt);
II – the file must be named "yyyy-mm-ccccc-OLDB .txt", where:
a) yyyy-mm = the year, in the format "yyyy", and month, in the format "mm", corresponding to
the most recent date considered in the forwarded OLDB information to which the controls for
the identification, capture and classification of operating losses have been applied;
b) ccccc = a 5 digit numeric code that identifies the supervised body at the FIPSUSEP.
III – each line of the file must correspond to a single operational risk event and contain the
information described in Addendum VII, without separators and respecting the size, formatting
and possible values determined for each space in the OLDB;
IV – the numeric spaces in the OLDB should contain positive numbers and be filled only with
numbers, with no separators for thousands or decimals accepted; and
V – in the OLDB spaces that it is acceptable not to insert information, or where the information
inserted does not fully occupy the space, as determined in Addendum VII, the space must be
filled in up to its size limit:
a) with spaces on the right, in the case of a textual space; or
b) with zeros on the left, in the case of a numeric space; or
c) with the date "01011900", in the case of a space for a date and the date is unknown.
Continuation of SUSEP Circular nº 517 of 2015.
30
CHAPTER V
Solvency Regularization Plan
Art. 92: For the purposes of this Chapter, consider the following definitions:
I – ANE: Adjusted Net Equity;
II – MCR: Minimum Capital Requirement;
III – liquid assets: all the assets accepted by the National Monetary Council (CMN) in 100%
(one hundred percent) coverage of the technical provisions;
IV - liquidity in relation to the RC: a situation where the supervised body holds an amount of
liquid assets that is in excess of the need to cover the technical provisions, equivalent to more
than 20% (twenty percent) of the risk capital (RC), which is the variable amount of capital that
the supervised body must maintain, at all times, to guarantee the risks inherent in its
operations;
V – Solvency Regularization Plan (SRP): a plan that must be sent by a supervised body to the
SUSEP, aimed at restoring a state of solvency when there is a shortfall in the ANE in relation to
the MCR of up to 50% (fifty percent) or when the supervised body has insufficient liquidity in
relation to the RC.
Art. 93: The SRP must be approved by the supervised body’s executive board and, if there is
one, supervisory board or steering committee, before being sent to the SUSEP.
§ 1: The SRP must contain an explicit statement that the plan was approved by the supervised
body’s responsible administrative authorities, in accordance with the terms of the above
clause.
§ 2: Together with the SRP, the supervised body must send to the SUSEP the minutes of the
meeting of the executive board and, if there is one, of the supervisory board or steering
committee wherein the plan was approved.
§ 3: The SRP must be signed by the supervised body’s highest executive authority.
§ 4: The responsible administrative bodies identified in the above clause must demonstrate, in
the SRP, that they have express understanding that, in the event of the SRP being rejected for
the second time or failure to comply with the plan, the supervised body shall be subject to the
special treatment of direct management supervision, even if their ANE shortfall in relation to
the MCR is less than 50% (fifty percent).
§ 5: The requirements of the main clause and its paragraphs shall equally apply to revisions of
the SRP.
Art. 94: It is mandatory that the SRP contains the period, in months, for the resolution of the
shortfall, as well as the quarterly targets for the reduction of the percentage of the ANE
shortfall in relation to the MCR and/or the bi-monthly targets for reducing the percentage of
the liquidity shortfall in relation the RC, observing the minimum details in Addendums VIII and
IX.
Art. 95: In the case of an ANE shortfall in relation to the MCR, the following situations are
considered to represent non-compliance with the SRP:
Continuation of SUSEP Circular nº 517 of 2015.
31
I – An ANE that is less than the MCR at the end of the period determined in the plan for
resolution of shortfall;
II – failure to achieve the minimum shortfall reduction, of 30% or 60% respectively, at the end
of the 1st and 2nd six-monthly periods of the SRP;
III – failure to attain two consecutive quarterly targets for the reduction of the percentage of
the ANE shortfall in relation to the MCR, as determined in the plan; and
IV – An ANE less capital funding “awaiting approval” that is less than the MCR at the end of the
period determined in the SRP for resolution of the shortfall.
Art. 96. In the case of a liquidity shortfall in relation to the RC, the following situations are
considered to represent non-compliance with the SRP:
I – liquid assets in excess of the need to cover the technical provisions that are equivalent to
less than 20% (twenty percent) of the RC at the end of the period determined in the plan for
resolution of the shortfall;
II – failure to attain any of the goals set by the National Private Insurance Council (CNSP) for
the reduction of the percentage of the liquidity shortfall in relation to the RC;
III – failure to attain two consecutive bi-monthly targets for reducing the percentage of the
liquidity shortfall in relation to the RC, as determined in the plan.
Art. 97: In cases where a supervised body is in a situation of a simultaneous ANE shortfall in
relation to the MCR and liquidity shortfall in relation to the RC, a single SRP should be
submitted, setting out the deadlines and minimum details provided for in Addendums VIII and
IX.
§ 1: If, while carrying out an SRP in response to an ANE shortfall in relation to the MCR, the
supervised body finds itself with a liquidity shortage in relation to the RC that would require
the submitting of a new SRP, it should instead submit a revision of the original SRP.
§ 2: If, while carrying out an SRP in response to a liquidity shortfall in relation to the RC, the
supervised body finds itself with an ANE shortage in relation to the MCR that would require
the submitting of a new SRP, it should instead submit a revision of the original SRP.
TITLE II
QUALITATIVE ELEMENTS
CHAPTER I
Registration, Custody and Handling of Assets, Bonds and Securities held as Collateral against
the Technical Provisions
Art. 98: For the purposes of this Chapter, it shall be considered that:
I – FIE: specially constituted investment fund or investment fund investing in the shares of
special purpose investment funds whose only shareholders are supervised bodies;
Continuation of SUSEP Circular nº 517 of 2015.
32
II - BM&FBOVESPA (Bolsa de Valores, Mercadorias e Futuros S.A.) - the São Paulo Stock
Exchange;
III - CETIP (Cetip S.A.) - Clearing House for the Custody and Financial Settlement of Securities;
IV - SELIC (Sistema Especial de Liquidação e Custódia) - Special System for Settlement &
Custody;
V – custodian: an institution authorized to perform, on behalf of asset-owning investors and
their representatives, the activities of custody and registration of assets with the
BM&FBOVESPA, CETIP and SELIC;
VI – registrar: an institution authorized to access the systems for the registration and financial
settlement of assets managed by institutions authorized by the Brazilian Central Bank (BCB) or
by Brazilian Securities Commission (CVM); and
VII – account linked to the SUSEP: an individual account for the registration or depositing of
collateral assets securing the technical provisions, in relation to which the SUSEP has the
option to grant or cancel the authorization for the free turnover of such assets registered or
deposited there.
Section I
Registration of the Assets Securing the Technical Provisions and Funds
Art. 99: the collateral assets securing the technical provisions and funds of the supervised
bodies are to be registered with the SUSEP.
§ 1: Assets dissociated from their rights and that are not - both the assets and the rights - free
and clear of judicial or extrajudicial liens or encumbrances of any kind may not be offered as
collateral assets to secure the technical provisions.
§ 2: An asset accepted in coverage of the technical provisions, purchased by means of
installment payments, may only be offered as a collateral asset if the provisions of § 1 are met
and for the amount corresponding to its value after deducting the respective outstanding
balance on the transaction at the base date to which the proof of deduction refers, under the
terms set out in this Section.
Art. 100: The collateral assets registered with the SUSEP may not be sold, pledged for sale or
otherwise encumbered in any way without explicit prior authorization from SUSEP, and any
disposals carried out or encumbrances taken on in violation of the terms of this Circular shall
be considered null and void.
Art. 101: Supervised bodies whose guarantees of technical provisions have any basis in real
estate must register the link with the SUSEP at the responsible Real Estate Registry Office.
§ 1: The application to the Real Estate Registry Office for registration of the property offered as
collateral for the technical provisions must be previously submitted to the SUSEP for review
and approval.
§ 2: For the purpose of securing the technical provisions, buildings shall be considered at their
book value, less depreciation.
§ 3: Only urban property owned exclusively by a single supervised body shall be accepted as
collateral assets for securing the technical provisions.
Continuation of SUSEP Circular nº 517 of 2015.
33
§ 4: Land and buildings under construction, even if they are urban, shall not be accepted as
collateral assets for securing the technical provisions.
Art. 102: The supervised body must send to the SUSEP the 20-year clearance certificate, issued
by the Real Estate Registry Office, containing an explicit statement confirming the effective link
of the property with the SUSEP.
§ 1: An update of the 20-year clearance certificate or lien should be sent to the SUSEP every 2
(two) years from the date of the last issuance.
§ 2: Whenever there is a change in the contents of a 20-year clearance certificate or lien, the
supervised body must send a new updated certificate to the SUSEP within 90 (ninety) days
from the date of the inclusion in the new registration.
§ 3: Any real estate whose situation, in the opinion of the SUSEP, does not comply with the
conditions set out in this Article shall not be considered as coverage for the technical
provisions.
Art. 103: It is the responsibility of the supervised bodies to ensure that the collateral assets
securing the technical provisions are registered or deposited in accounts at the
BM&FBOVESPA, CETIP and SELIC that are linked to the SUSEP, as per the market for each item.
§ 1: The obligation established in the above clause is conditional upon the assets being
registered or deposited with those systems and offered in coverage of the technical provisions.
§ 2: For the purpose of covering the technical provisions, financial assets shall be considered at
their market value.
Art. 104: The supervised bodies that are in full compliance with the SUSEP requirements as to
economic and financial situation and adequate coverage of the technical provisions may
request authorization of the free turnover of its portfolio of marketable securities offered in
coverage of the technical provisions, provided that:
I – the marketable securities securing the technical provisions are registered or deposited in an
account at the BM&FBOVESPA, CETIP or SELIC that is linked to the SUSEP, as per the market for
each one; and
II – that each sale or redemption of marketable securities corresponds to an immediate
purchase or investment of equal or greater value, except in the event that there is excess
coverage.
§ 1: The authorization of the free turnover of the portfolio of marketable securities offered in
coverage of technical provisions shall be valid for a period of 12 (twelve) months,
automatically renewed, provided that the terms set out in the main clause continue to be met.
§ 2: The authorization of the free turnover of the portfolio of marketable securities offered in
coverage of technical provisions may be cancelled at any time by the SUSEP.
§ 3: Should the authorization of the free turnover of the portfolio of marketable securities
offered in coverage of the technical provisions be cancelled, the supervised bodies must
inform the administrators, custodians and registrars who are responsible for their investment
portfolios of the fact within 24 (twenty-four) hours.
§ 4: The SUSEP authorization provided for in the main clause does not apply to cases where
the portfolio turnover is determined by the National Private Insurance Council (CNSP).
Continuation of SUSEP Circular nº 517 of 2015.
34
Art. 105: Supervised bodies that do not have authorization for the free turnover of the
portfolio of marketable securities offered in coverage of the technical provisions must seek
release from the SUSEP link, by means of a formal request filed with the autonomous entity.
Single paragraph: Supervised bodies must conduct a new asset linkage process in the event of
the renewal or reinvestment of marketable securities, in accordance with the prevailing
legislation.
Section II
Authorization of Access to the Investment Portfolio
Art. 106: The supervised body must request and also authorize the administrators, custodians
and registrars, as well as the centralized deposit systems and asset registration and financial
settlement systems run by institutions authorized by the BCB or the CVM, to grant to the
SUSEP access to the data and information pertaining to the transactions and financial asset
positions that comprise its investment portfolio.
Art. 107: A supervised body that is an FIE shareholder must request and also authorize the
administrators, custodians and registrars, as well as the centralized deposit systems and asset
registration and financial settlement systems run by institutions authorized by the BCB or the
CVM, to grant to the SUSEP access to the data and information pertaining to the transactions
and financial asset positions that comprise the FIE portfolio.
Art. 108: The supervised bodies are obliged to make available for SUSEP inspection all the
documentation supporting their full compliance with the provisions of this Chapter.
TITLE III
RULES GOVERNING TRANSPARENCY AND DISCLOSURE
CHAPTER I
Periodic Information Form (FIP/SUSEP)
Art. 109: The Periodic Information Form (FIP/SUSEP), comprising the statements filled out by
the insurers, investment firms, OPPE, local and admitted reinsurers, reinsurance and self-
regulating brokers, must be in accordance with the provisions of this Chapter.
Art. 110: The FIP/SUSEP statements must be delivered in digital format, always using the most
recent version and its instruction manual, available on the SUSEP website, observing the
deadlines below, unless noted expressly to the contrary in the instruction manual.
§ 1: The statements relating to changes in shareholders’ equity and cash flows must be
submitted by the 20th (twentieth) day of the second month after the reference month.
Continuation of SUSEP Circular nº 517 of 2015.
35
§ 2: The statements relating to local and admitted reinsurers must be submitted by the 20th
(twentieth) day of the second month after the reference month.
§ 3: The other statements, not included in paragraphs 1 and 2, must be submitted by the 20th
(twentieth) day of the second month after the reference month.
Art. 111: The FIP/SUSEP instruction manual indicates the reference months of each table and
periodicity.
Single paragraph: In the event of an update of the version of the FIP/SUSEP, the instruction
manual will determine a deadline, counted as of the availability of the updated version, to
comply with the provisions in the preceding Article with relation to tables that have been
created or changed.
Art. 112: The statements that take June and December as their reference months can be
reloaded up to the final dates for the publication of the respective balance sheets.
Single paragraph: The loading of the tables that use January and July as reference months
should occur in conjunction with the reloading of the tables whose reference months are
December and June, respectively, provided that such reloads are subsequent to the dates laid
down in Article 110 for the loads of the months of January and July, respectively.
Art. 113: When the delivery deadline falls on a Saturday, Sunday or public holiday, the first
subsequent business day is to be considered.
Art. 114: The protocol issued by the system will be considered as proof of receipt from
FIP/SUSEP.
CHAPTER II
Accounting Standards
Art. 115: The supervised bodies must observe the Accounting Standards set out in this Chapter
and in Addendums X and XI.
Section I
Basic Standards
Subsection I
General Principles
Art.116: The guidelines and rules established in this Chapter and in Addendums X and XI do not
represent permission to the practice of operations or services prohibited by law, regulation or
administrative act, or that depend on prior authorization from SUSEP.
Continuation of SUSEP Circular nº 517 of 2015.
36
Art. 117: The SUSEP – CCS Commission is hereby established, with the aim of enhancing the
Accounting Standards of the supervised bodies, and proposing changes, interpretations and/or
related guidelines.
§ 1: The meetings will be preferably be held on a monthly basis and their resolutions will be
recorded in the minutes, which approved, will be made available on the SUSEP website.
§ 2: The Commission shall be composed of representatives of SUSEP and private initiative and
may include other states, temporarily or permanently, as established by SUSEP.
§ 3: SUSEP may invite experts in a specific field, for the purpose of specific discussions.
Art. 118: The standards and procedures, as well as the standardized financial statements, are
compulsory for:
I – insurers;
II – OPPE;
III – investment firms ; and
IV – local reinsurers.
Art. 119: The Basic Standards, the List of Accounts, Publication Model and Approved Standards
are ranked by order of presentation.
§ 1: In the event of doubts about interpretation between the Basic Standards and the List of
Accounts, Basic Standards shall prevail.
§ 2: In the event of doubts about interpretation between the List of Accounts and the
Publication Model, the List of Accounts prevails.
§ 3: In the event of doubts about interpretation between the Publication Model and the
Approved Standards, the Publication Model shall prevail.
§ 4: The questions of interpretation will be clarified by SUSEP through guidance to the market,
based on the minutes of SUSEP’s Accounting Commission.
Subsection II
Bookkeeping
Art. 120: The accounting operations must comply with the norms established by the
Committee of Accounting Pronouncements - CPC and Resolution No. 750/93, of the Federal
Accounting Council – CFC that are not contrary to the provisions of this Chapter and
Addendums X and XI.
Art. 121: Revenues and expenses are booked in the period in which they occur, on the accrual
basis.
§ 1: For risk products, the revenue generating fact is the issuance of the premium/contribution
or the term of validity of the risk, whichever occurs first.
§ 2: For financial accumulation products, the revenue generator fact is the receipt of the
contributions.
§ 3: The booking of revenues from capitalization operations, whose corresponding security is
contracted in a single payment, shall be effected in the form of item I or II, and the criterion
adopted must be justified in the explanatory notes to the financial statements:
Continuation of SUSEP Circular nº 517 of 2015.
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I - deferred in the period between the month of issue and the end of validity, or;
II - full in the month of issue, when the capitalization company submits the technical study
demonstrating the non-relevance of residual expenses related to the securities, and this study
must be:
a) made available to the independent auditor, when it comes to analyzing the financial
statements;
b) kept up-to-date and available to the SUSEP.
§ 4: The generating fact of the booking of the revenues relating to capitalization securities
contracted by means of monthly or periodic payments will be:
I - The issuance of the security, for the first installment
II - the information regarding the payment by the subscriber, for the remaining installments
§ 5: When contractual coverage risk is defined in the certificate or the insured item, booking by
the duration of the coverage must obey the period defined in the certificate or the insured
item.
§ 6: For the cases described in the previous paragraph, the mandatory issuances records must
register each certificate or item, individually.
Art. 122: The registration must be complete, maintaining permanent records of all
administrative acts and facts that change or will change, immediately or not, its equity
composition.
Art. 123: The simple accounting record is not a sufficient element of proof, and the registration
must be substantiated on acceptable documents for the faultless validity of administrative acts
and facts.
Art. 124: The accounting books will be centralized at the headquarters of the supervised body,
using auxiliary accounting records, with observance of the provisions foreseen under Laws,
Regulations, CNSP Resolutions and SUSEP Circular Notices.
Art. 125: Inadequate bookkeeping or respective auxiliary records, the submitting of inaccurate
information, failure or delay of the bookkeeping and accounting reconciliations maintained in
arrears for a period exceeding 20 (twenty) days following the closing of each month, shall
subject the supervised body, its administrators, managers, members of the board of directors
and related bodies to the penalties stipulated in specific regulations.
§ 1: For local reinsurers, the deadline referred to in the above clause shall be the 20th
(twentieth) day of the second month after the reference month.
§ 2: For the supervised bodies that operate in categories in which the risk is assumed through
the figure of the representative of insurance companies, the issue of the premium will be
considered to have occurred as of the moment the record of the premium is completed by the
supervised body.
§ 3: The time gap between the date of assuming the risk through the insurance company
representative and the date of registration of the premium by the supervised body must not
exceed 30 (thirty) days.
§ 4: In the cases when co-insurance is accepted, the term contained in § 3(1) also applies
between the date of issue of the premium to the assignee and the date of registration of the
assignee’s premium.
Continuation of SUSEP Circular nº 517 of 2015.
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Art. 126: The reconciliations of accounting headings with the respective analytical controls
must be performed monthly and kept updated, as determined in this Chapter’s own sections.
Single paragraph: The documentation corroborating the accounting records posted must be
kept on file for at least 5 (five) years.
Subsection III
Financial Year
Art. 127: The financial year coincides with the calendar year and the date of its closure,
December 31, shall be established in the bylaws of the supervised body.
Subsection IV
Codification of the Accounting Standards
Art. 128: general encoding standard foresees the use of two separate codes:
I - the first code, comprising a 10 (ten) digit number, indicates, from left to right:
a) the first digit, the category;
b) the second digit, the group;
c) the third digit, the sub-group;
d) the fourth digit, the account;
e) the fifth digit, the sub-account;
f) the sixth digit, the breakdown of the sub-account, when necessary;
g) the seventh digit, the second breakdown of the sub-account, when necessary;
h) the eighth digit, the third breakdown of the sub-account, when necessary;
i) the ninth digit, the fourth breakdown of the sub-account, when necessary; and
j) the tenth digit, the fifth breakdown of the sub-account, when necessary.
II - The second code, for optional use by the supervised bodies, can be used for the
information deemed necessary for operations and accounting, statistical or other types of
reports.
§ 1: Only SUSEP may create accounting codification up to the tenth digit of the first code.
Art. 129: Accounting Rules classify accounting statements into Assets accounts, initiated by the
number 1 (one), Liabilities accounts, initiated by the number 2 (two), and Income Statement
Accounts, initiated by the number 3 (three).
Continuation of SUSEP Circular nº 517 of 2015.
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§ 1: As a way of segregating the operations, the Assets accounts are subdivided in Current (11),
Non-Current (12) and Compensation (19).
§ 2: The Liabilities accounts are subdivided in Current (21), Non-Current (22), Net Assets (24)
and Compensation (29).
§ 3: The Income Statement Accounts are subdivided in Insurance Transactions (31),
Reinsurance Operations (32), Open Supplemental Pension Operations (33), Capitalization
Operations (34), Administrative Expenses (35), Financial Result (36), Equity Equivalence Result
(37), Gains and Losses With Non-Current Assets (38) and Taxes and Profit Sharing (39).
§ 4: The categories comprise several groups, which are divided into sub-groups, some in
accounts and others in sub-accounts
I - category 1 - Assets - Balance Sheet Accounts:
a) group 11 – CURRENT ASSETS:
1 - sub-group 111 – Cash and Banks;
2 - sub-group 112 – Short-term investments;
3 - sub-group 113 – Credits from Operations;
4 - sub-group 114 – Securities and Credits to Receive;
5 - sub-group 115 – Other Assets;
6 - sub-group 116 – Compulsory Loans and Deposits;
7 - sub-group 117 – Pre-Paid Expenses;
8 - sub-group 118 – Deferred Acquisition Costs;
9 - sub-group 119 – Reinsurance and Retrocession Assets;
b) group 12 – NON-CURRENT ASSETS:
1 - sub-group 121 – Long-Term Receivables;
2 - sub-group 122 – Investments;
3 - sub-group 123 – Fixed Assets;
4 - sub-group 124 – Intangible Assets;
5 - sub-group 125 – Deferred Assets;
c) group 19 – COMPENSATION:
1 - sub-group 191 – Compensation;
II - category 2 – Liabilities - Balance Sheet Accounts:
a) group 21 – CURRENT LIABILITIES:
1 - sub-group 211 – Accounts Payable;
2 - sub-group 212 – Debits through Operations with Insurance and Reinsurance;
3 - sub-group 213 – Debits through Operations Pensions;
4 - sub-group 214 – Debits through Operations Capitalization;
Continuation of SUSEP Circular nº 517 of 2015.
40
5 - sub-group 215 – Third-Party Deposits;
6 - sub-group 216 – Technical Provisions – Insurance and Reinsurance;
7 - sub-group 217 – Technical Provisions – Supplementary Pensions;
8 - sub-group 218 – Technical Provisions – Capitalization;
9 - sub-group 219 – Other Debits;
b) group 22 – NON-CURRENT LIABILITIES:
1 - sub-group 221 – Accounts Payable;
2 - sub-group 222 – Debits of the Operations;
3 - sub-group 223 – Technical Provisions – Insurance and Reinsurance;
4 - sub-group 224 – Technical Provisions – Supplementary Pensions;
5 - sub-group 225 – Technical Provisions - Capitalization;
6 - sub-group 228 – Other Debits;
c) group 24 – NET EQUITY or SHAREHOLDERS’ EQUITY:
1 - sub-group 241 – Net Equity;
2 - sub-group 242 – Shareholders’ Equity of Not-For-Profit Entities;
d) group 29 – COMPENSATION:
1 - sub-group 291 – Compensation;
III - category 3 – Income Statement Accounts:
a) group 31 – INSURANCE TRANSACTIONS:
1 - sub-group 311 – Premiums Earned;
2 - sub-group 312 –Policy Fees and Issuances Income;
3 - sub-group 313 – Claims Incurred;
4 - sub-group 314 – Acquisition Costs;
5 - sub-group 315 – Other Operating Income and Expenses;
6 - sub-group 319 –Reinsurance Operation Income;
b) group 32 – REINSURANCE TRANSACTIONS:
1 - sub-group 321 – Premiums Earned;
2 - sub-group 322 – Claims Incurred;
3 - sub-group 323 – Acquisition Costs;
4 - sub-group 324 – Other Operating Income and Expenses;
5 - sub-group 325 – Retrocession Operation Income;
c) group 33 – OPEN PRIVATE SUPPLEMENTARY PENSION TRANSACTIONS:
1 - sub-group 331 – Income from Retained Contributions;
2 - sub-group 332 – Changes in Technical Provisions;
Continuation of SUSEP Circular nº 517 of 2015.
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3 - sub-group 333 – Income from Management Fee and Others;
4 - sub-group 334 – Benefit and Redemption Expenses;
5 - sub-group 335 – Acquisition Costs;
6 - sub-group 336 – Other Operating Income and Expenses;
7 - sub-group 339 –Reinsurance Operation Income;
d) group 34 – CAPITALIZATION TRANSACTIONS:
1 - sub-group 341 – Net Revenue from Capitalization Securities;
2 - sub-group 342 – Changes in Technical Provisions;
3 - sub-group 343 – Prize Draws Income;
4 - sub-group 344 – Acquisition Costs;
5 - sub-group 345 – Other Operating Income and Expenses.
e) group 35 – ADMINISTRATIVE EXPENSES:
1 - sub-group 351 – Personnel Expenses;
2 - sub-group 352 – Expenses on Third-Party Services;
3 - sub-group 353 – Localization and Functioning Expenses;
4 - sub-group 354 – Advertising and Publicity Expenses;
5 - sub-group 355 – Tax Expenses;
6 - sub-group 356 – Expenses on Publications;
7 - sub-group 357 – Donations and Contributions;
8 - sub-group 358 – Other Administrative Expenses;
9 - sub-group 359 – Administrative Expenses on formal DPVAT arrangements;
f) group 36 – NET FINANCIAL INCOME (EXPENSES):
1 - sub-group 361 – Financial Income;
2 - sub-group 362 – Financial Expenses;
g) Group 37 – EQUITY ACCOUNTING INCOME:
1- sub-group 371 – Equity Accounting Revenues;
2 - sub-group 372 – Equity Accounting Expenses;
h) group 38 – NON-CURRENT ASSET GAINS OR LOSSES:
1 - sub-group 381 – Net Income (Expenses) from the Disposal of Fixed Assets;
2 - sub-group 382 – Income from Other Operations;
3 - sub-group 383 – Reduction to Recovery Value;
i) group 39 –TAXES AND PARTICIPATIONS ON INCOME :
1 - sub-group 391 – Taxes and Contributions;
2 - sub-group 392 – Profit Sharing.
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection V
Financial Statements
Art. 130: The financial statements, for the base date of December 31st, including the
Management Report, Balance Sheet, Income Statement, Statement of Comprehensive Income,
Statement of Changes in Shareholders' Equity, Cash Flow Statement, Notes to the financial
statements and the corresponding report of the independent auditor on the financial
statements must be published by February 28th of each year, in accordance with the provisions
of Brazilian Corporate Law.
§ 1: The financial statements must record the allocation of profits according to the proposal of
the management bodies, under the assumption of its approval by the general meeting of
shareholders.
§ 2: The minimum mandatory dividend, which is effectively characterized by a legal or
statutory obligation, must appear in the liabilities of the supervised body.
§ 3: The dividends proposed by the management bodies to the partners’ meeting that exceeds
the minimum mandatory dividend must be maintained in net equity, until the final resolution
taken by the members.
§ 4: Pursuant to in § 6 of Article 202 of Law nº 6,404/76, as appearing in Law nº 10,303/2001,
the profits of the fiscal period not allocated under the conditions of Articles 193 to 197 of that
legal instrument must be distributed as dividends.
§ 5: The comparability criteria with the amounts relative to end of the preceding fiscal year
shall apply to the financial statements of December 31st.
§ 6: The supervised bodies Must submit copies of publication of the financial statements in the
press to SUSEP, as well as copies of publications in digital media for dissemination on its
electronic site, by March 15, referring to the period from January 1 to December 31.
§ 7: The supervised bodies that do not present a comprehensive financial income statement,
because they do not have other comprehensive financial income for the period, must highlight
this fact in its financial statements.
Art. 131: The supervised bodies must submit their interim financial statements to the SUSEP,
by August 31st, which are to include the Management Report, Balance Sheet, Statement of
Income for the period, Statement of Comprehensive Income, Statement of Changes in
Shareholders' Equity, Cash Flow Statement, Notes to the financial statements and the
corresponding report of the independent auditor on the financial statements
Single paragraph: The SUSEP shall make the interim financial statements it has received
available on its website, and the supervised bodies may also have them published in a widely
circulated newspaper.
Art. 132: The supervised bodies must submit to the SUSEP by March 15th, for disclosure on its
website, their consolidated financial statements, prepared in accordance with the
pronouncements of the International Accounting Standards Board (IASB).
Continuation of SUSEP Circular nº 517 of 2015.
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§ 1: For the purposes of satisfying the conditions in the caput, the consolidated financial
statements must be drawn up on the basis of pronouncements that are fully convergent with
the international standards, issued by the Accounting Pronouncements Committee - CPC, and
ratified by SUSEP.
§ 2: The early adoption of the international pronouncements or the adoption of alternatives
foreseen therein is conditioned to the prior approval of SUSEP, through a regulatory act.
§ 3: Comparability criteria are to be applied to the consolidated financial statements of
December 31st using amounts relative to the end of the preceding fiscal year.
§ 4: The effects of events that resulted in the difference between the net equity amounts and
the parent company’s results must be disclosed by means of an explanatory note, in the form
of reconciliation, in comparison with the same consolidated amounts.
§ 5: The supervised bodies are exempt from having to prepare consolidated interim financial
statements.
§ 6: The supervised bodies are exempt from having to publish their consolidated financial
statements together with the individual financial statements.
Art. 133: The financial statements of the bodies supervised by the SUSEP must be
accompanied by the opinion of the independent auditor addressing, among other things:
I – adequacy of the individual financial statements in relation to the accounting practices
adopted in Brazil and applicable to the institutions authorized to operate by the SUSEP;
II - adequacy of the consolidated financial statements in relation to pronouncements that are
fully convergent with the international standards, issued by the Accounting Pronouncements
Committee - CPC, ratified by SUSEP.
Subsection VI
Classification as Current or Non-Current
Art. 134: The supervised bodies must, at a minimum for each date of the preparation of the
financial statements for the months of June and December, revise the amounts registered in
Current Assets and Liabilities, for the purpose of transferring to non-current those whose
expirations exceed the period of 12 (twelve) months subsequent to their respective base date.
§ 1: Amounts entered as non-current whose expirations do not exceed the limit of 12 (twelve)
months subsequent to their base date, must be transferred to Current.
§ 2: Management will disclose the criteria and assumptions used for the classification of the
Assets and Liabilities without expiration dates in an explanatory note.
§ 3: Assets essentially maintained for sale must be considered to be Current Assets.
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection VII
Public Digital Bookkeeping System
Art. 135: The supervised bodies constituted in the form of joint stock companies, regarding
accounting facts occurred as of January 1, 2009, must send their bookkeeping registers in
digital version to the Public Digital Registration System (SPED) under the conditions established
by the administrator of the SPED, without prejudice to other information they are required to
provide, pursuant to the applicable corporate legislation and regulations.
Art. 136: The use of the information must obey the security and access policies that are
established by the administrator of the SPED, dispensing the opening of a tax or equivalent
procedure for full access to the registered books.
Subsection VIII
Subsidiary Accounting Records
Art. 137: The supervised bodies must maintain records of the auxiliary accounting generated,
totaled and reconciled on a monthly basis, in the form established by SUSEP.
Art. 138: The supervised bodies must maintain available to SUSEP, in magnetic media for the
purposes of analysis and supervision, the structure of data concerning the mandatory auxiliary
accounting records of its operations, in accordance with current rules.
Art. 139: The data to be made available to SUSEP must be generated in the format established
by a specific rule and forwarded in CD or DVD, when requested.
Art. 140: The supervised bodies must send the requested data to SUSEP and to provide any
information within 5 (five) business days from receipt of the request.
Art. 141: The supervised bodies may maintain the file of auxiliary accounting records on paper,
microfiche or other electronic or magnetic media, which should be available at the head
offices.
§ 1: In the case of the adoption of microfiche or other electronic or magnetic media:
a) the signature of the director responsible can be replaced by the transcription of his name;
b) the rapid recovery and display of information, on paper or another means that may be
requested for the purpose of analysis, by SUSEP, must be guaranteed.
c) the information requested by SUSEP must always be accompanied by a document that has
been dated and signed by the responsible director.
§ 2: The subsidiary accounting records are to be consolidated on a monthly basis.
§ 3: unified accounting of the movements of the head office and other issuing offices regarding
the formatting of auxiliary records is permitted, obeying the following:
a) perfect identification of the origin of each auxiliary record in the header;
b) the indication of each branch of insurance or benefit plan modality of each office, followed
by highlighted and consolidated postings in the auxiliary record text.
§ 4: In the case of a supervised body adopting electronic or magnetic media, the database used
as the source of the information contained in the auxiliary accounting records must be copied,
upon the closure of each month, in non-rewritable CDs or DVDs so they may only be used for
reading and reproduction, and the respective media must be maintained in the supervised
body.
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection IX
Accounting for the Insurance Plans
Art. 142: The accounting of the coverage sold under the insurance plans must be recorded in
the respective categories, according to the codification shown in the specific standard.
Subsection X
Issuances Outside Of Period
Art.143: The supervised bodies which, for operational reasons, only are cognizant of a covered
risk after the coverage period has expired, must register the revenues from premiums and
other records arising, even if only an estimate, in the same month they apply,
Single paragraph: Specific sub-accounts existing in the Accounting Rule must be used for the
purpose of compliance with the provisions set forth in the caput, so the accounting values
posted can be reversed when they are from an accounting record of amounts effectively due.
Subsection XI
Benefit Contingency Reserve
Art. 144: The Benefits Contingency Reserve may be constituted only by non-profit entities, at a
minimum base of 50% (fifty percent) of the result of each fiscal period, accrued, up to the
maximum limit of 25% (twenty-five percent) of the sum of the amounts of the following
technical provisions, corresponding to the respective periods:
I - Provision for Claims incurred but not yet reported (IBNR);
II - Mathematical Provision for Future Benefit Payments (PFBP);
III - Mathematical Provision for Benefits Granted (PBG);
IV - Provision for Supplementary Coverage (PSC)
Single paragraph: The reversal of the benefits contingency reserve will occur as the
counterpart of surpluses or deficits accrued upon the occurrence of the taxable event that
triggered its constitution or when the constitution of such reserve is no longer justified.
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection XII
Management Report
Art. 145: The supervised bodies must disclose in their management report, at the very least,
the following information:
I - policy for reinvesting profit and policy for the distribution of dividends in relation to the
December 31st financial statements;
II - corporate business and major internal and/or external events that influenced the
performance supervised body and/or income during the year;
III - corporate reform, corporate restructuring and/or changes in direct or indirect control;
IV - statement regarding financial capacity and intent to hold until maturity the securities
classified in the held to maturity category.
Single paragraph: Disclosure of the information contained in items of this Article shall not
exempt the supervised bodies of disclosure of other information they deem relevant.
Subsection XIII
Tax Credits, Tax Loss and Negative Social Contribution Base in relation to Net Income
Art. 146: Tax credits arising from income tax losses and/or negative tax bases of social
contribution on net income, and those arising from temporary differences between the
accounting criteria and results of tax calculations should be recorded only when they
cumulatively meet the following conditions:
I - present a history of taxable profits or revenues for income tax and social contribution on
profit purposes, as is the case, evidenced by the occurrence of these situations in least three
(3) of the last five (5) fiscal years, including the year in reference;
II - expectation of generating profits or taxable revenues in the future for income tax and social
contribution purposes, as is the case, in subsequent periods, based on a technical study
showing the probability of future tax and contributions obligations permitting the realization
of a tax credit, within a maximum period of ten (10) years;
Single paragraph: The record of tax credits of a recently constituted supervised body lacking
the history of profits mentioned in paragraph I may be made only when it has expectations for
the generation of taxable profits or revenues based on a technical study and/or business plan
that has been forwarded to SUSEP, which permits obtaining authorization for the startup of its
operations.
Art. 147: The criteria described below must be obeyed for the constitution of tax credits
referred to in the the above Article:
I - the value of the credits must be calculated based on rates in effect at the time of the
preparation of the financial statements and adjusted whenever the rates are changed, and the
record of this adjustment must be posted in the same year in which the tax law that changed
was passed;
Continuation of SUSEP Circular nº 517 of 2015. Logo
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II - the value of the credits shall be calculated using the basic rate, unless the possibility is high
of recovering the credits at a tax rate that includes the additional percentage to the basic rate.
Art. 148: The management of the supervised body is responsible for the assessment on, at very
minimum, the occasion of the preparation of the financial statements, of the possibilities of
realizing the credits referred to in the main clause of Article 146.
§ 1: The evaluation referred to in the caput, when arising from tax losses and/or negative
social contribution on net income base, must be formalized through the preparation of
projections of taxable income that allow the realization of the tax credits within a maximum of
10 (ten) years, and must be kept at the disposal of the independent auditors and the
shareholders and, whenever requested, sent to the SUSEP, within 5 (five) business days from
the date the request was received.
§ 2: In the event that a reasonable doubt arises regarding the possibility of recovering the
credits, a provision must be made for adjustment to their likely realizable values.
§ 3: The provision referred to in the previous paragraph must be set up on the assumption that
the amounts realized in two consecutive periods shall be less than 50% (fifty percent) of the
amounts anticipated for those periods in the taxable income forecasts mentioned in Article
147, except in the extraordinary event that the supervised body has not been able to make
such estimates in its forecasts.
§ 4: The constitution of the provision referred to in § 2 shall be mandatory in the hypothesis of
determining a tax loss or negative base of social contribution on profits for three consecutive
years, including the year in question, except in relation to newly established supervised bodies
or those undergoing a process of operational restructuring or reorganization, whose history of
losses derived from its previous phase.
§ 5: The credits referred to in the main clause of Article 146 and the respective provisions must
be written off in the period during which it is shown that their recovery will be impossible.
Subsection XIV
Interest on Shareholders’ Equity
Art. 149: The interest referring to the remuneration of own equity capital, paid or credited,
must be posted in the groups of Other Expenses or Financial Revenues.
Art. 150: For the purpose of preparation of the monthly income statements, the amount of
incurred expenditures or revenues earned related to the payment or receipt of interest on
own capital must be adjusted, through reclassification to the Accrued Profit or Loss Account,
so that its effects are eliminated from the monthly results.
Single paragraph: The amount of the adjustment must be shown in the Statement of Changes
in Shareholders’ Equity for the financial year, as allocation of net income.
Continuation of SUSEP Circular nº 517 of 2015.
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Art. 151: In the event of investment evaluation conducted by the equity method, the interest
referred to in Article 149 should be adjusted for the preparation and publication of the
financial statements for the financial year by the supervised body investors.
Single paragraph: The adjustment referred to in the heading should be achieved by
reclassification of amounts recorded under Other Financial Revenues for the necessary
investment accounts, so that its effects are eliminated from the period’s income statement.
Subsection XV
Portfolio Transfers
Art. 152: Transactions for the transfer of a capitalization, open supplementary pension,
reinsurance or insurance portfolio must be recorded in accordance with the following criteria:
I – for the assignor:
a) the balances of assets and liabilities relating to the contracts or policies transferred must be
written off;
b) in the event of a contractual obligation to proceed with the collection of outstanding
portions of payments or premiums, the corresponding amounts receivable and amounts to
pass on to the assignee are to be recorded in their own accounts, under Non-Current Assets
and Liabilities;
c) the positive or negative income, calculated in the assignment, must be fully recognized in
Income in a specific account on the date of the transaction.
II – for the assignee:
a) all rights and obligations received deriving from the acquisition of the portfolio must be
registered in specific accounts;
b) the amount received in excess of the PUEP balance must be considered to be an insurance
premium, recorded in a specific sub-account as provision complement, and allocated to
income during the remaining period the policies are in effect;
c) if the amount received from the assignor is less than the balance of the PUEP, the
corresponding difference must be posted to Assets Current, in a distinct sub-account, in the
Deferred Acquisition Costs group, and allocated to income during the remaining period the
policies are in effect;
d) the assignee must obtain from the assignor all historical data related to transactions
received in transfer, necessary for any calculation of the technical provisions.
Subsection XVI
Recording the DPVAT in the Accounts
Art. 153: For accounting purposes, the operations arising from DPVAT Consortia should be
treated as co-insurance.
Art. 154: The posting of revenue transfers and Expenses by the Seguradora Líder (DPVAT
Consortia Lead Insurance Company) must always be for their gross amount.
Continuation of SUSEP Circular nº 517 of 2015.
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Single paragraph: The revenue transfers and recoveries of Expenses transferred to consortium
must be posted in the corresponding adjustment accounts.
Art. 155: All financial transactions relating to the operation of DPVAT insurance must be made
within the Seguradora Líder, according to the following sequence:
I - the policyholder pays the premium at the bank, which credits the exclusiva current account
for DPVAT insurance transactions, under the name of Seguradora Líder;
II - Seguradora Líder registers the transaction and issues a slip, passing the information on to
the respective consortium, without moving any funds, but establishing through this action a
credit in favour of the consortium, corresponding to premiums received;
III - the consortium registers the transaction and passes the information on to its members,
again without moving any funds, authorizing settlement of the transaction by Seguradora Líder
with the funds received, as per item I.
Subsection XVII
Notes to the Financial Statements
Art. 156. The notes to the financial statements must disclose all the information required
under each accounting pronouncement approved by the CPC and endorsed by the SUSEP, and
in particular the following information, relating to the individual financial statements:
I – disclosure of the ownership structure, to the last level of control;
II - accounting policy:
a) criteria for the recognition of the principal income and expenses;
b) asset reduction to recovery value;
c) depreciation;
d) provisions;
e) appraisal of assets and liabilities;
III - operational context:
a) categories of activities;
b) Brazilian region of operation;
IV - marketable securities:
a) percentage classified in each category;
b) contractual interest rates;
c) market value of securities;
d) security appraisal curve;
V - premiums receivable:
a) average installment period;
b) details of balances, considering the ageing;
Continuation of SUSEP Circular nº 517 of 2015.
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c) reduction to recovery value;
VI - deferred acquisition costs (DAC):
a) deferment period;
b) assumptions;
c) breakdown of acquisition costs;
VII - salvage and recovery:
a) details of salvage and recovery balances, considering the ageing and the main categories;
VIII - disclosure of the tables, loading fees and interest rates of the main products sold;
IX – percentages of acquisition costs and accidents in the main categories;
X - liability adequacy test (LAT):
a) contractual interest rates for assets and liabilities;
b) expected interest rates for assets;
c) table;
d) accidents;
e) reinsurance;
XI - risk management:
a) information about the insurance risk management (before and after reinsurance);
b) concentration of insurance risks (portfolio, geographical area, currency);
c) breakdown of the reinsurers, at least by category (local, admitted or eventual) and by risk
category, considering exclusively, in the case of local reinsurers, the risk category of the
transaction in Brazil;
d) information on liquidity risk, market risk and credit risk;
e) sensitivity analysis, mainly considering the following variables:
1) accidents;
2) interest rates;
3) convertibility index;
4) mortality (frequency and severity);
5) survival;
6) inflation.
XII - turnover in premiums receivable, technical provisions, financial investments and deferred
acquisition cost (DAC);
XIII - claims development table;
XIV – breakdown of the provisions for judicial claims, similar to that in the FIP/SUSEP quarterly
questionnaire;
Continuation of SUSEP Circular nº 517 of 2015.
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XV - portfolio transfers:
a) assignor;
b) result;
c) class;
d) average duration.
XVI – information on capital adequacy on the date to which the financial statements refer, for
at least the following items:
a) statement of the Adjusted Net Equity calculation;
b) capital base and risk capital, detailing the installments;
c) minimum capital requirement (calculated according to the provisions of the specific ruling);
d) capital sufficiency/shortfall.
Art. 157. The acquisition of shares issued by the supervised body itself must be recorded in the
treasury stock account.
§ 1: In the financial statements, the acquisition of shares must be presented as a deduction
from the Shareholders' Equity account which originated the funds used for the acquisition of
these shares.
§ 2: The notes to the financial statements must show:
a) the purpose of the supervised body in acquiring its own shares;
b) the number of shares acquired and/or sold during the financial year, emphasizing the class
and category;
c) the average weighted cost of the acquisitions, as well as the minimum and maximum costs;
d) the net income from the sales during the financial year;
e) the market value of the classes and categories of the treasury stock, calculated using the
latest market quotation prior to the closing date of the financial year.
Art. 158: The supervised bodies must disclose:
I - the composition and amortization period of the deferred assets;
II - the classes and categories of shares that comprise the share capital, their respective
quantities and nominal values, as well as any privileges and preferences granted to the various
share categories;
III - the composition of the third party deposits and the time they have been in this account
without identification;
IV - the statement of the calculation of proposed dividends and interest on equity, as well as
the policy for payouts for both, the compensations of early dividends in the form of dividends
or interest on equity, as well as the effects on Income and Shareholders' Equity;
V - the assets and technical provisions of the ironclad funds;
Continuation of SUSEP Circular nº 517 of 2015.
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VI - the real onus on elements of Assets and the guarantees provided to third parties, where
relevant;
VII - all relevant data related to the portfolio transfer operations in the period, containing at
least:
a) - the transaction reasons or objectives and any impact on the businesses of the supervised
body;
b) transaction value, by class;
c) net income from the transaction;
d) the difference between the financial value of the transaction and the balance of the PUEP of
the policies received and their accounting treatment;
e) any liabilities and obligations assumed or guarantees received due to the transfer.
Art. 159: A supervised body whose authorized capital is higher than its subscribed capital must
disclose this fact, with specific details of:
I - increase the authorized limit, in value of capital and number of shares, as well as the types
and categories that may be issued;
II - the appropriate body to decide about issuance (General Meeting or Board of Directors);
III - the conditions to which issuances are subject;
IV - the cases or the conditions under which shareholders will have preemptive rights for
underwriting or the non-existence of this right;
V - the option, if any, of management, employees or individuals who provide services to a
supervised body or company under its control to purchase shares;
Art. 160: In the case of tax credits and tax losses, the explanatory notes must present the
following information, where relevant:
I - the amount of current and deferred taxes recorded under Net Income, Net Equity, Assets
and Liabilities;
II - the nature, grounds and expected timeframe for the realization of each Asset and deferred
tax liabilities, broken down year-by-year, for the first five (5) years and, as of then, grouped in
periods of up to three (3) years, including for the portion of unrecorded deferred tax Assets
that exceed the deadline for payment of ten (10) years;
III - the impact on the Assets, Liabilities, Net Income and Net Equity of adjustments due to
changes in tax rates or changes in the expected realization or settlement of the deferred assets
or liabilities;
IV - the amount of time and tax loss differences that have not been used and for which
accounting recognition of the corresponding deferred tax Assets has not occurred, indicating
the amount of taxes that did not qualify for such recognition;
V - the reconciliation between the amount charged or credited to income as income tax result
and the result of social contributions on net profits and the accounting income before income
taxes, multiplied by the applicable rates, also publishing the rates and their calculation bases;
Continuation of SUSEP Circular nº 517 of 2015.
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VI - the type and amount of assets whose tax base was lower than their book value;
VII - the effects of any change in the expected realization of deferred tax Assets and the
respective reasons;
VIII - the description of administrative actions that will contribute to the future realization of
deferred tax Assets when they are recently established supervised bodies or undergoing
operational restructuring or corporate reorganization.
Art. 161: Provide details of the composition of the following Income Statement accounts, if
significant:
I - claims incurred;
II - acquisition cost;
III - administrative expenses;
IV - financial income and expenses;
V - property income and expenses;
VI - other operating income and expenses.
Art. 162: In the case of balances of loans or similar transactions, it is necessary to disclose:
I - the date the loan was taken out;
II - the amount of the loan;
III - the name of the creditor;
IV - the agreed financial terms;
V - the period and form of amortization;
VI - the current outstanding balance;
VII - if the debtor is a related party.
Art. 163: The supervised bodies must provide the details of any shortfalls in the assets
provided as collateral for the technical provisions.
Subsection XVIII
Information for Reinsurers
Art. 164: For the purpose of reinsurance contract accountability, the assignors or their
reinsurance brokerages must submit to the local assignees, both admitted and possible, at
least the information listed below, according to the following criteria:
I - For the Proportional Contracts:
a) name of the reinsurer - name and code of the reinsurer in SUSEP;
b) participation of the reinsurer – percentage of participation of the reinsurer in the contract;
Continuation of SUSEP Circular nº 517 of 2015.
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c) contract description - description containing the contract type and identification code;
d) year of the underwriting - start year of the contract, except for contracts commencing on
December 31, when the underwriting year will be the subsequent one;
e) period of accountability - number of accountability statement;
f) assigned premium - reinsurance premium to be assigned to the contract, net of refunds and
cancellations that occurred in the period;
g) charged assigned premium - premium received by the assignor to be passed on to the
reinsurer, net of refunds and cancellations occurred, as established in the contract;
h) premium to be assigned - premium to be assigned in the coming periods by the assignor;
i) additional fraction at or installment interest - additional fraction or installment interest of
the assigned premium, agreed in the reinsurance contract;
j) reinsurance brokerage commission - reinsurance brokerage commission to be paid to the
reinsurance broker;
k) claims paid to be recovered - claims effectively paid by the assignor to be recovered in the
period, including Expenses with regulatory claims, and net of salvage and recovery;
l) payment of claims – early payment of claims already made by the insurer in the period;
m) Provision for Claims Pending Settlement - claims advised/restated and pending payment, to
be recovered from the reinsurer;
II –For Non-Proportional and Optional Contracts:
a) name of the reinsurer - name and code of the reinsurer in SUSEP;
b) participation of the reinsurer – percentage of participation of the reinsurer in the contract;
c) contract description - description containing the contract type and identification code;
d) year of the underwriting - start year of the contract, except for contracts commencing on
December 31, when the underwriting year will be the subsequent one
e) reinsurance premium – in cases of non-proportional contracts, the minimum premium
amount;
f) reinsurance brokerage commission - commission on reinsurance brokerage to be paid to the
reinsurance broker;
g) claims reported/updated and awaiting payment, to be recovered from the reinsurer;
h) claims paid and to be recovered - claims paid by the assignor that are to be recovered,
including the claims adjustment expenses;
i) salvage and recovery.
§ 1: The information required in item I must be sent to the reinsurer within 60 (sixty) days from
the closing of each reporting period covered by the reinsurance contract.
Continuation of SUSEP Circular nº 517 of 2015.
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§ 2: The information required in sub-items “a” to “f” of item II must be sent within 60 (sixty)
days from the acceptance of the contract by the reinsurer or from the date the contract comes
into effect, whichever is later.
§ 3: The information required in sub-items “g”, “h” and “i’ of item I shall not be necessary in
the event that the assignor pays to the assignee all the premiums issued during the period and
there is no Issued Premium Pending Assignment.
§ 4: The information required in sub-item “j” of item I and sub-item “f” of item II shall be
obligatory only in the event of participation by a reinsurance broker who is to receive
remuneration under the terms of the contract.
§ 5: The update information required in sub-item “g” of item II must at the very least be sent if
there is any material change in the estimate.
§ 6: The information required in sub-items “g” and “h” of item II must be sent/updated as soon
as the entity knows the current value of the claim covered by the contract, within the
maximum period of 90 (ninety) days from the notification/update.
§ 7: The supervised bodies must keep the information required under this Article updated and
SUSEP may request the same at any time.
Art. 165: When the information is provided through a reinsurance broker, the broker shall
have an additional period of 10 (ten) business days to make the information available to the
reinsurer.
Section II
Rulings of the Accounting Rules Committee (CPC)
Subsection I
The Conceptual Framework for the Preparation and Disclosure of the Accounting-FINANCIAL
Report
Art. 166: In matters not contrary to this Circular Notice, the provisions and criteria set out in
the Basic Conceptual Statement (R1) issued by the Accounting Rules Committee, shall be fully
applicable.
Subsection II
Asset Impairment
Art. 167: The reduction in the recoverable amount must be recognized based on a technical
study that takes into account the history of losses and default risks, among other factors, in
relation to assets of any nature and origin.
Art. 168: The supervised bodies must keep their impairment studies up-to-date and SUSEP may
request such studies at any time.
§ 1: Supervised bodies that have not prepared the studies referred to in the above clause must
effect a reduction to recovery value when the default period passes 60 (sixty) days from the
date the credit came due.
Continuation of SUSEP Circular nº 517 of 2015.
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§ 2: The period referred to in § 1 shall be 180 (one hundred and eighty) days from the
recording of the credit when such credits are with resinsurers and relate to the return of
claims paid.
§ 3: The reduction, in the cases cited in § 1 and § 2, shall correspond to the total amount of the
credits to which they refer.
Art. 169: In the case of premiums receivable referring to expired risks or premiums receivable
due and unpaid, referring to policies whose validity has expired and which have not been
canceled, a reduction of the recoverable amount must be carried out.
Single paragraph: The amount of the reduction referred to in the above paragraph will
represent all the receivables due from a given debtor, regardless of whether this same debtor
has other amounts falling due.
Art. 170: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 01 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection III
Impact of Exchange Rate Variations and Conversion of the Financial Statements
Art. 171: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 02 (R2), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection IV
Cash Flow Statement
Art. 172: In the determining of cash equivalents, in addition to the provisions of items 7 to 10
of CPC Ruling 03 (R2), it should be noted that:
I - to be considered a cash equivalent, the investment must have, at the acquisition date, a
maturity that not exceed 90 (ninety) days;
II - investments in equity instruments are not considered to be cash equivalents unless, in their
essence, they fulfill the requirements of CPC Ruling 03 (R2);
III - The supervised bodies must present cash flows for their operating activities, alternately
using the direct or indirect method.
Art. 173: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 03 (R2), issued by the Accounting Rules Committee, are to be fully
applied.
Continuation of SUSEP Circular nº 517 of 2015.
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Subsection V
Intangible Assets
Art. 174: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 04 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection VI
Related Party Disclosures
Art. 175: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 05 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection VII
Commercial Leasing Transactions
Art. 176: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 06 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection VIII
Government Assistance and Subsidies
Art. 177: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 07 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection IX
Marketable Security Issue Transaction Costs and Premiums
Art. 178: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 08 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Continuation of SUSEP Circular nº 517 of 2015.
58
Subsection X
Share-Based Payments
Art. 179: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 10 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection XI
Insurance Contracts
Art. 180: Except where they conflict with the terms of this Circular or other CNSP and SUSEP
rules, the provisions and criteria set out in CPC Ruling 11, issued by the Accounting Rules
Committee, are to be fully applied.
Subsection XII
Adjustment to Present Value
Art. 181: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 12, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XIII
Initial Adoption of Law nº 11,638/07 and Provisional Measure nº 449/08
Art. 182: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 13, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XIV
Business Combinations
Art. 183: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 15 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection XV
Inventory
Art. 184: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 16 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Continuation of SUSEP Circular nº 517 of 2015.
59
Subsection XVI
Investments in Affiliates, Subsidiaries and Joint Ventures
Art. 185: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 18 (R2), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection XVII
Doing Business Together
Art. 186: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 19 (R2), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection XVIII
Borrowing Costs
Art. 187: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 20 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection XIX
Interim Financial Statements
Art. 188: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 21 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection XX
Operational Segments
Art. 189: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 22, issued by the Accounting Rules Committee, are to be fully applied.
Continuation of SUSEP Circular nº 517 of 2015.
60
Subsection XXI
Accounting Policies, Changes in Estimates and Correction of Errors
Art. 190: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 23, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XXII
Subsequent Events
Art. 191: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 24, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XXIII
Provisions, Contingent Liabilities and Contingent Assets
Art. 192: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 25, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XXIV
Presentation of the Financial Statements
Art. 193: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 26, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XXV
Fixed Assets
Art. 194: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 27, issued by the Accounting Rules Committee, are to be fully applied.
Continuation of SUSEP Circular nº 517 of 2015.
61
Subsection XXVI
Investment Property
Art. 195: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 28, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XXVII
Income
Art. 196: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 30, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XXVIII
Non-Current Assets Held for Sale and Discontinued Operations
Art. 197: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 31, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XXIX
Taxes on Income
Art. 198: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 32, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XXX
Employee Benefits
Art. 199: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 33, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XXXI
Separate Financial Statements
Art. 200: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 35, issued by the Accounting Rules Committee, are to be fully applied.
Continuation of SUSEP Circular nº 517 of 2015.
62
Subsection XXXII
Consolidated Financial Statements
Art. 201: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 36 (R3), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection XXXIII
Initial Adoption of the International Accounting Standards
Art. 202: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 37 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection XXXIV
Financial Instruments: Recognition and Measurement
Art. 203: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 38, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XXXV
Financial Instruments: Presentation
Art. 204: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 39, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XXXVI
Financial Instruments: Reporting
Art. 205: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 40 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Continuation of SUSEP Circular nº 517 of 2015.
63
Subsection XXXVII
Earnings per Share
Art. 206: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 41, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XXXVIII
Initial Adoption of Technical Rulings CPC 15 to 40
Art. 207: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 43 (R1), issued by the Accounting Rules Committee, are to be fully
applied.
Subsection XXXIX
Disclosure of Shareholdings in Other Entities
Art. 208: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 45, issued by the Accounting Rules Committee, are to be fully applied.
Subsection XL
Measuring Fair Value
Art. 209: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in CPC Ruling 46, issued by the Accounting Rules Committee, are to be fully applied.
Section III
Technical Interpretations of the Accounting Rules Committee
Subsection I
Scope of CPC Technical Ruling 10 – Share-Based Payments
Art. 210: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in ICPC Technical Interpretation 04, issued by the Accounting Rules Committee, are to
be fully applied.
Continuation of SUSEP Circular nº 517 of 2015.
64
Subsection II
CPC Technical Ruling 10 – Share-Based Payments – Transactions involving Shares of the
Group and Treasury Stock
Art. 211: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in ICPC Technical Interpretation 05, issued by the Accounting Rules Committee, are to
be fully applied.
Subsection III
Hedging of Net Investments in Transactions Abroad
Art. 212: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in ICPC Technical Interpretation 06, issued by the Accounting Rules Committee, are to
be fully applied.
Subsection IV
Profit Distribution in Kind
Art. 213: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in ICPC Technical Interpretation 07, issued by the Accounting Rules Committee, are to
be fully applied.
Subsection V
Recording the Proposed Dividend Payment
Art. 214: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in ICPC Technical Interpretation 08 (R1), issued by the Accounting Rules Committee, are
to be fully applied.
Subsection VI
Individual, Separate and Consolidated Financial Statements and Applying the Equity Method
Art. 215: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in ICPC Technical Interpretation 09 (R1), issued by the Accounting Rules Committee, are
to be fully applied.
Continuation of SUSEP Circular nº 517 of 2015.
65
Subsection VII
Interpretation of the Initial Application to Fixed Assets and Investment Property – CPC
Technical Rulings 27, 28, 37 and 43
Art. 216: The option of assigning cost (deemed cost) in the initial application, contained in
items 22 and 51 of ICPC 10, to fixed assets and investment property, provided for in CPC
technical rulings 27, 28, 37 and 43, is not allowed.
Single paragraph: Supervised bodies may not alter the acquisition cost of assets that have been
recorded in the books.
Art. 217: Fixed assets are tangible items held for use in providing services and must be
maintained in the performing of its business activity for more than one financial year.
Single paragraph: Tangible items held for rental to third parties cannot be classified as fixed
assets and should be recorded as investment property.
Art. 218: Investment properties are tangible items not used in the performance of a business
activity, regardless of any income generated or the possibility of future capital gain.
Art. 219: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in ICPC Technical Interpretation 10, issued by the Accounting Rules Committee, are to
be fully applied.
Subsection VIII
Receiving Assets Transferred from Clients
Art. 220: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in ICPC Technical Interpretation 11, issued by the Accounting Rules Committee, are to
be fully applied.
Subsection IX
Changes in Liabilities due to Decommissioning, Restoration and Similar
Art. 221: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in ICPC Technical Interpretation 12, issued by the Accounting Rules Committee, are to
be fully applied.
Continuation of SUSEP Circular nº 517 of 2015.
66
Subsection X
Shareholding Rights in relation to Decommissioning, Restoration and Environmental
Rehabilitation Funds
Art. 222: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in ICPC Technical Interpretation 13, issued by the Accounting Rules Committee, are to
be fully applied.
Subsection XI
Extinguishing Financial Liabilities by issuing Equity Instruments
Art. 223: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in ICPC Technical Interpretation 16, issued by the Accounting Rules Committee, are to
be fully applied.
Section IV
Revision of documents issued by the Accounting Rules Committee
Art. 224: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in the Revisions of Technical Rulings nº 1, 2, 3 and 4, issued by the Accounting Rules
Committee, are to be fully applied.
Art. 225: Except where they conflict with the terms of this Circular, the provisions and criteria
set out in the Revision of Technical Interpretation nº 1, issued by the Accounting Rules
Committee, are to be fully applied.
Section V
Procedures for the Recording of Reinsurance Premiums
Art. 226: Insurers, OPPE and local reinsurers must follow the procedures for the recording in
the books of reinsurance premiums set out in this Section.
Single paragraph: For the purposes of this Section, it shall be considered that:
I - moment of contract acceptance: the time when the assignor and the reinsurer, either
directly or through a reinsurance broker, assume the responsibility, whether formally or not,
for the reinsurance contract; and
II - moment of agreement between the parties: the time when the parties agree upon the
technical bases involved.
Art. 227: Insurers, OPPE and local reinsurers must record reinsurance premiums in the books
according to the characteristics of each type of contract.
Art. 228: Premiums for automatic, non-proportional and optional contracts must be
recognized upon acceptance of the contract or when it comes into effect, whichever comes
first, for the amount of the premium agreed in the contract.
Single paragraph: Additional premiums relating to subsequent adjustments after the contract
has come in effect must be recognized at the moment of agreement between the parties.
Continuation of SUSEP Circular nº 517 of 2015.
67
Art. 229: Assignors must recognize the contract premiums proportional to the amount of each
risk to be ceded, as well as proportional to the assignment thereof.
Art. 230: Local reinsurers must recognize the premiums for automatic contracts proportional
to the estimated amount informed by the assignor.
§ 1: The local reinsurers may apply a cut-off factor to the estimated premium amounts,
according to a specific study carried out by the reinsurer.
§ 2: The premium mentioned in the main clause should be appropriated for every month that
the contract is in force.
§ 3: The local reinsurers may use seasonal estimates for the apportionment mentioned in § 2,
according to a study carried out by the reinsurer.
§ 4: The local reinsurers must adjust the estimated premiums that have been recognized, as
soon as they obtain the information on the effective premiums.
§ 5: The studies mentioned in paragraphs 1 and 3 are to be kept up-to-date and available to
the SUSEP and the independent auditors on digital media and, upon request, be delivered
within 5 (five) business days from the date the request was received.
Art. 231: The reinsurance premiums must be allocated among the categories or group of
categories covered by the contract, in accordance with the premium exposure estimated by
the assignor.
Art. 232: The reinsurance premiums should be deferred over the course of the contract.
§ 1: The assignors should defer the premiums of automatic and optional contracts in
proportion to the period that the risk is in effect.
§ 2: The validity period of a reinsurance contract may be longer than the contractual term that
was determined, depending on the characteristics of each type of contract.
CHAPTER III
Independent Financial Auditing
Section I
Certification Exam and Ongoing Professional Training for Independent Financial Auditors
Art. 233: The independent auditor’s certification exam, required under the present rules
covering independent auditing and regulated by CFC Resolution nº 1,109/2007, as amended, is
limited exclusively to the first license and should be followed up by ongoing educational
process, along the lines set out by the Federal Accounting Board (CFC).
Art. 234: Maintaining the qualifications of the independent auditors to perform their auditing
activities at the supervised bodies is corroborated by exercising the independent auditing
functions at these supervised bodies and compliance with the relevant requirements for
ongoing professional learning, as provided for in CFCNBCPG Resolution nº 12/2014, which
approved the NBC PG 12 that addresses ongoing professional education.
Continuation of SUSEP Circular nº 517 of 2015.
68
Art. 235: To comply with item 10 of NBC PG 12 - Ongoing Professional Education, as from
January 1, 2015, independent auditors need to obtain a minimum of 10 points per year from
ongoing professional education related to specific activities concerning the independent
auditing of the supervised bodies.
Section II
The minimum procedures to be followed in the comprehensive report on the adequacy of
the internal control of risks incurred by the supervised body in relation to its auditing
Art. 236: The comprehensive report on the adequacy of the internal control of the risks
incurred by the supervised body should assess the effectiveness and efficiency of the same in
relation to the risks incurred, highlighting any shortcomings found and taking into account the
main processes at the supervised body and addressing the control environment, risk
assessment, control activities and procedures, information and communication processes and
monitoring.
Art. 237: For the purposes of this Section, it shall be understood that:
I – the control environment is the control culture of the supervised body, in which the business
activities are carried out, and particularly the posture of the supervised body and the control
awareness of its personnel;
II – risk assessment is the identification and analysis of the risks associated with the business
goals, both within the environment of the supervised body and in the processes themselves;
III – control activities are the policies and procedures to ensure that the necessary action to
manage the risks is being properly carried out;
IV – the information and communication processes are those that ensure the identification,
capture and communication of the information needed to manage the supervised body; and
V – monitoring is the process of assessing the quality of the system’s performance over time,
by means of the continual overseeing of activities and independent evaluations, or a
combination of the two.
Art. 238: Assessment of the control environment should include elements such as integrity and
ethical values, management expertise and experience, strategic planning, aspects of
governance and organizational structure, the management style and philosophy, the allocation
of responsibilities, and human resources practices and policies.
Art. 239: The risk assessment analysis must include the supervised body’s ability to analyze
internal and external factors and take into consideration the likelihood of an event and its
impact on the operations.
Art. 240: The information and communication processes must enable all the employees to
understand their responsibilities within the internal control structure, as well as the way each
one’s activities relate to the activities of the others.
Continuation of SUSEP Circular nº 517 of 2015.
69
Single paragraph: Assessment of the processes mentioned in the above clause should take into
consideration the ability to keep effective communication, in a broad sense, flowing
throughout the entire organization, both vertically and horizontally.
Art. 241: The monitoring assessment should take into account the independence of the
internal auditing, the frequency of inspections and whether the supervised body implements
its recommendations.
Single paragraph: The continual oversight should be evaluated in terms of its independence, its
effectiveness and its efficiency.
Art. 242: With regard to the activities set out in item III of Art. 237, the report should contain
observations about the existence, effectiveness and efficiency, at the very least, of the
following control activities:
§ 1: For insurance transactions:
I – Processes for underwriting risks and issuing policies:
a) confirmation of the existence of the policyholder, whether a private individual or a legal
entity, through the CPF and CNPJ registries;
b) cross checking of the proposal data with those of the policy;
c) technical and financial analysis, based on the proposal, statistical data and third-party
registers;
d) compliance with the supervised body’s retention limit for isolated risk;
e) timely inclusion in the official records of policies issued;
f) reconciliation of the official operational records with the accounting records; and
g) separation of functions and establishing of levels of authority in the various activities of the
process.
II – Claims regulation process:
a) reconciliation of the report data with those of the policy;
b) verification of the identities of the beneficiaries;
c) in the case of outsourcing of the compliancy process, or parts thereof, the contracts must
ensure the existence of proper internal controls on the part of the service provider;
d) a remuneration policy that has no link to the number of claims denied;
e) timely inclusion in the official records of reported claims;
f) reconciliation of the official operational records with the accounting records; and
g) separation of functions and establishing of levels of authority in the various activities of the
process.
§ 2: For pension transactions:
I – Processes for underwriting plans and issuing certificates:
a) confirmation of the existence of the pension plan participant and the beneficiary, through
the CPF registry;
b) cross checking of the proposal data with those of the certificate;
Continuation of SUSEP Circular nº 517 of 2015.
70
c) feasibility study of the pension plans on offer, considering the appropriate mortality table,
monetary correction indices, interest rates, etc.;
d) analysis of the concentration of plans in the life annuity format;
e) timely inclusion in the official records of the certificates issued;
f) reconciliation of the official operational records with the accounting records; and
g) separation of functions and establishing of levels of authority in the various activities of the
process.
II – Process of granting benefits:
a) cross checking of the benefit request data with those of the certificate;
b) verification of the identities of the beneficiaries;
c) reconciliation of the official operational records with the accounting records; and
d) separation of functions and establishing of levels of authority in the various activities of the
process.
§ 3: For capitalization transactions:
I – Processes for underwriting savings bonds:
a) confirmation of the existence of the bondholder, in the case of nominative savings bonds,
whether a private individual or a legal entity, through the CPF and CNPJ registries;
b) study into the marketing of the full series, so that, depending on the amount of
cancellations, no financial distress will be caused to the supervised body;
c) feasibility study of the savings bonds issued, particularly those with long-term maturities;
d) timely inclusion in the official records of the savings bonds issued;
e) reconciliation of the official operational records with the accounting records; and
f) separation of functions and establishing of levels of authority in the various activities of the
process.
II – Process for draws and the redemption of prizes and securities:
a) for carrying out the contractual draws, there should be procedures to ensure that they go
smoothly;
b) reconciliation of the official operational records with the accounting records; and
c) separation of functions and establishing of levels of authority in the various activities of the
process.
§ 4: For all transactions:
I – Treasury and investment process:
a) separation of functions and establishing of levels of authority for the effecting of payments
and receipt.
b) analysis of the investment risk-return ratio;
c) matching of assets and liabilities;
d) investing of financial assets in compliance with the prevailing legislation and at the current
market rates;
Continuation of SUSEP Circular nº 517 of 2015.
71
e) reconciliation of financial assets with the respective custodians; and
f) link with the respective collateral assets.
II – Legal process:
a) following the jurisprudence inherent to the activity;
b) following the contingent processes;
c) making reasonable estimates for the contingent processes;
d) reconciliation of the estimates for the contingent processes with the accounting records;
and
e) following the development of new products and information materials.
CHAPTER IV
Technical Rulings of the Brazilian Institute of Actuaries (IBA)
Art. 243: The SUSEP adopts the Technical Ruling “CPA-001 – Actuarial Principles” drawn up by
the IBA, to the extent that it does not conflict with the applicable regulations, and with the
following caveats:
I – the references to reinsurance transactions should be extended to retrocession transactions;
II – within the sphere of technical provisions, the realistic parameters mentioned under "11 –
REALISTIC PARAMETERS" should be obtained using reliable unbiased current values that are
consistent with the most up-to-date information, so as to reflect the best estimate at the time
of the calculation, without considering the likelihood of any future fluctuations in these
parameters;
III – the terms "income" and "expenditure" shown in parentheses under "15 – AREA OF RISK"
are not to be understood as respective synonyms of "reception" and "payment"; and
IV – With respect to item "17 – SEPARATION OF ASSETS", it should be emphasized that analysis
of the actuarial balance of the plans and portfolios, performed on the basis of the separate
identification and appraisal of cash flows, does not involve the asset separation of those plans
and portfolios.
Art. 244: The SUSEP adopts Technical Ruling "CPA-002 - Independent Actuarial Auditing",
prepared by the Brazilian Institute of Actuaries (IBA), in as much as it does not conflict with the
applicable rules, and with the following caveat: the time for the periodic replacement of the
independent auditor, provided for in item 10, begins in 2015, in relation to the 2014 financial
year.
Continuation of SUSEP Circular nº 517 of 2015.
72
TITLE IV
FINAL CONSIDERATIONS
Art. 245: The insurance companies, OPPE, investment firms and reinsurers must comply with
the other complementary guidelines issued by the SUSEP.
Art. 246: This Circular shall come into effect on its publication date, with the simultaneous
revoking of SUSEP Circular nº 280, of December 30, 2004; SUSEP Circular nº 364, of May 23,
2008, SUSEP Circular nº 452, of December 4, 2012; SUSEP Circular nº 457, of December 14,
2012; SUSEP Circular nº 461, of January 31, 2013; SUSEP Circular n.º 462, of January 31, 2013;
SUSEP Circular nº 469, of June 19, 2013; SUSEP Circular nº 474, of August 22, 2013; SUSEP
Circular nº 484, of January 6, 2014; SUSEP Circular nº 485, of January 6, 2014; SUSEP Circular
nº 486, of January 23, 2014; SUSEP Circular nº 492, of July 31, 2014; SUSEP Circular nº 498, of
October 15, 2014; SUSEP Circular nº 501, of December 9, 2014; articles 2 and 3 of SUSEP
Circular nº 503, of December 15, 2014; SUSEP Circular nº 507, of December 22, 2014; SUSEP
Circular nº 508, of January 9, 2015, SUSEP Circular nº 509, of January 15, 2015; and SUSEP
Circular nº 511, of February 19, 2015.
ROBERTO WESTENBERGER
Superintendent
Continuation of SUSEP Circular nº 517 of 2015.
73
ADDENDUM I
Technical Provisions – Insurance companies and OPPE
Technical Provisions Financial Method
Simple
Apportionment
Allocation of
Coverage
Capital
Capitalization
PUEP - Provision for
Unearned Premiums Single Payment
Income upon
Disability or
Death
PSC - Provision for
Supplementary Coverage Single Payment
Income upon
Disability or
Death
Single Payment or
Income
RBNS - Provision for Claims
reported but not yet settled Single Payment
Income upon
Disability or
Death
Single Payment or
Income
IBNR - PROVISION FOR
CLAIMS INCURRED BUT NOT
YET REPORTED
Single Payment
Income upon
Disability or
Death
Single Payment or
Income upon Disability
or Death
PFBP - Mathematical
Provision for Future Benefit
Payments
Single Payment or
Income
PBG - Mathematical
Provision for Benefits
Granted
Income upon
Disability or
Death
Income
PRE - Provision for Related
Expenses Single Payment
Income upon
Disability or
Death
Single Payment or
Income
PTS – Provision for Technical
Surpluses Single Payment
Income upon
Disability or
Death
Single Payment or
Income
PFS - Provision for Financial
Surpluses Single Payment
Income upon
Disability or
Death
Single Payment or
Income
PRO - Provision for Single Payment Income upon Single Payment or
Redemptions and Other
Outstanding Amounts
Disability or
Death
Income
Continuation of SUSEP Circular nº 517 of 2015.
74
ADDENDUM II
Setting up an IBNR provision – all insurance categories except life insurance under “Private
Individuals” and endowment insurance
Art. 1: For the categories that are in ‘run-off’, the percentage of corresponding new categories
should be used.
Description Class
Code Class Description
% of
Premiums
Base
% of
Claims
Base
01 - Property 0112 Assistance – Goods in General 2.2% 8.4%
0114 Homeowners insurance 1.5% 7.1%
0115 Theft 0.9% 3.4%
0116 Condo insurance 2.3% 4.6%
0118 Business insurance 2.3% 4.3%
0141 Loss of Profit 2.8% 24.1%
0167 Engineering Risks 4.6% 16.0%
0171 Sundry Risks 2.2% 8.4%
0173 Bank insurance 3.7% 10.3%
0195 Extended Warranty / Warranty
Extension - Goods in General 1.6% 11.0%
0196 Named and Operational Risks 11.5% 15.6%
02 - Special
Risks 0234 Petroleum Risks 7.7% 6.3%
0272 Nuclear Risks 7.7% 6.3%
0274 Satellite insurance 7.7% 6.3%
03 - Civil
Liability 0310
Directors and Officers (D&O) Civil
Liability 2.1% 42.3%
0313 Environmental Risk Civil Liability 7.7% 20.9%
0351 General Civil Liability 7.7% 20.9%
0378 Professional Civil Liability 22.0% 55.1%
05 - Auto 0520 Personal Accident - Passengers 7.3% 59.8%
0524 Extended Warranty / Warranty
Extension – Auto 0.6% 7.7%
0525 Green Card international insurance
certificate 4.5% 7.3%
0526 Popular Used Car insurance 2.7% 4.1%
0531 Auto body insurance 2.7% 4.1%
0542 Assistance and Other Coverage -
Auto 2.2% 8.4%
0553 Optional Civil Liability – Vehicles 10.6% 16.5%
06 - Transport 0621 Transport in Brazil 5.8% 8.2%
0622 International Transport 9.9% 18.7%
0623 Interstate and International Road
Carrier Civil Liability – Buses 2.4% 3.8%
0628 Optional Civil Liability – Buses 10.6% 16.5%
Continuation of SUSEP Circular nº 517 of 2015.
75
Description Class
Code Class Description
% of
Premiums
Base
% of
Claims
Base
0632 International Carrier Civil Liability –
Cargo 8.0% 7.8%
0638 Rail Carrier Civil Liability – Cargo 6.2% 7.1%
0644
International Carrier Personal Injury
Civil Liability – Blue Card international
certificate
11.2% 15.6%
0652 Air Carrier Civil Liability – Cargo 7.5% 11.8%
0654 Road Carrier Civil Liability – Cargo 7.1% 9.4%
0655 Carrier Civil Liability – Cargo Deviation 4.5% 7.0%
0656 Waterway Carrier Civil Liability – Cargo 7.1% 36.7%
0658 Multimodal Carrier Civil Liability – Cargo 10.0% 15.6%
07 - Financial
Risk 0743 Stop Loss 2.2% 8.4%
0746 Rental Surety insurance 3.7% 8.2%
0748 Domestic Credit insurance 17.6% 27.1%
0749 Export Credit insurance 1.5% 9.2%
0775 Guarantee insurance – Public Sector 1.4% 7.2%
0776 Guarantee insurance – Private Sector 1.4% 7.2%
09 – Personal
- Group 0929 Funeral Assistance 5.4% 17.6%
0936 Loss of Pilot’s License 6.4% 45.4%
0969 Travel insurance 8.9% 29.8%
0977 Credit insurance (except Mortgage and
Rural) 9.0% 26.2%
0980 Educational insurance 29.4% 36.1%
0982 Accident insurance 6.4% 45.4%
0984 Serious or terminal illness 13.9% 32.5%
0987 Unemployment/Loss of Income 5.4% 17.6%
0990 Random events 5.4% 17.6%
0993 Life insurance 13.9% 32.5%
10 - Mortgage 1061 non-SFH mortgage insurance – Lenders 9.0% 26.2%
1065 non-SFH mortgage insurance – Other
Coverage 9.7% 41.0%
11 - Rural 1101 Agricultural insurance (without FESR
coverage) 3.3% 11.9%
1102 Agricultural insurance (with FESR
coverage) 3.3% 11.9%
1103 Livestock insurance (without FESR
coverage) 3.3% 11.9%
1104 Livestock insurance (with FESR
coverage) 3.3% 11.9%
1105 Aquaculture insurance (without FESR
coverage) 3.3% 11.9%
1106 Aquaculture insurance (with FESR
coverage) 3.3% 11.9%
Continuation of SUSEP Circular nº 517 of 2015.
76
Description Class
Code Class Description
% of Premiums
Base
% of Claims
Base
1107 Forest insurance (without FESR
coverage) 3.3% 11.9%
1108 Forest insurance (with FESR
coverage) 3.3% 11.9%
1109 Rural Product Note insurance 3.3% 11.9%
1130 Farm Products and
Improvements insurance 6.4% 7.3%
1162 Rural Lien 2.6% 8.8%
1164 Animal insurance 0.1% 0.2%
1198 Farmers Life insurance 9.0% 26.2%
12 - Others 1279 Insurance Abroad 4.1% 5.6%
1285 Health - Local Reinsurer 4.1% 5.6%
1299 Branches Abroad 4.1% 5.6%
13 - Private
Individuals 1329 Funeral Assistance 7.0% 32.7%
1336 Loss of Pilot’s License 7.0% 32.7%
1369 Travel insurance 7.0% 32.7%
1377 Credit insurance (except
Mortgage and Rural) 7.0% 32.7%
1380 Educational insurance 7.0% 32.7%
1381 Accident insurance 7.0% 32.7%
1384 Serious or terminal illness 7.0% 32.7%
1387 Unemployment/Loss of Income 7.0% 32.7%
1390 Random events 7.0% 32.7%
14 – Marine 1417 Port Operator insurance 4.0% 6.6%
1428 Optional Civil Liability –
Watercraft 7.7% 20.9%
1433 Marine (Hull) 4.0% 6.6%
15 - Aviation 1528 Optional Civil Liability – Aircraft 7.7% 20.9%
1535 Aviation (Hull) 28.3% 36.8%
1537 Hangar Civil Liability 16.1% 26.7%
1597 Air Carrier Civil Liability 28.3% 36.8%
Continuation of SUSEP Circular nº 517 of 2015.
77
ADDENDUM III
Setting up an IBNR provision – life insurance under “Private Individuals” and endowment
insurance
Coverage/Financial Method % of
Premiums
% of Claims
Paid
Death – Capitalization 1.6% 14.5%
Death – Simple Apportionment and Allocation of Coverage
Capital 19.9% 43.1%
Disability – All methods 5.7% 16.9%
Survivors’ dependents Not applicable Not applicable
Continuation of SUSEP Circular nº 517 of 2015.
78
ADDENDUM IV
Setting up an IBNR provision – private supplementary pension plans
Benefit/Financial Method % of Contributions % of Benefits Paid
Pecúlio – Simple Apportionment 4.0% 13.9%
Pecúlio – Capitalization 2.7% 18.9%
Pension – Allocation of Coverage Capital 4.5% 9.7%
Pension – Capitalization 0.2% 0.8%
Disability – All methods 5.7% 16.9%
Survivors’ dependents Not applicable Not applicable
Continuation of SUSEP Circular nº 517 of 2015.
79
ADDENDUM V
Setting up a PUEP-RENI estimate
Art. 1: For the categories that are in ‘run-off’, the percentage of corresponding new categories
should be used.
Description Class
Code Class Description
% to be
Applied Application Base
01 - Property 0112 Assistance – Goods in General 11.1% PUEP - already written
0114 Homeowners insurance 4.8% PUEP - already written
0115 Theft 13.6% PUEP - already written
0116 Condo insurance 5.6% PUEP - already written
0118 Business insurance 7.9% PUEP - already written
0141 Loss of Profit 13.7% PUEP - already written
0167 Engineering Risk 19.5% PUEP - already written
0171 Sundry Risks 14.1% PUEP - already written
0173 Bank insurance 37.1% Premiums Base
0195 Extended Warranty / Warranty
Extension - Goods in General 1.4% PUEP - already written
0196 Named and Operational Risks 35.7% PUEP - already written
02 - Special
Risks 0234 Petroleum Risk 40.0% PUEP - already written
0272 Nuclear Risk 43.7% PUEP - already written
0274 Satellite insurance 43.7% PUEP - already written
03 - Civil
Liability 0310
Directors and Officers (D&O) Civil
Liability 30.2% PUEP - already written
0313 Environmental Risk Civil Liability 17.7% PUEP - already written
0351 General Civil Liability 12.3% PUEP - already written
0378 Professional Civil Liability 14.5% PUEP - already written
05 - Auto 0520 Personal Accident - Passengers 5.3% PUEP - already written
0524 Extended Warranty / Warranty
Extension – Auto 5.3% PUEP - already written
0525 Green Card international insurance
certificate 5.3% PUEP - already written
0526 Popular Used Car insurance 4.8% PUEP - already written
0531 Auto body insurance 4.8% PUEP - already written
0542 Assistance and Other Coverage -
Auto 7.9% PUEP - already written
0553 Optional Civil Liability – Vehicles 5.2% PUEP - already written
06 - Transport 0621 Transport in Brazil 22.9% Premiums Base
0622 International Transport 42.5% Premiums Base
0623 Interstate and International Road
Carrier Civil Liability – Buses 11.5% PUEP - already written
0628 Optional Civil Liability – Buses 10.9% PUEP - already written
0632 International Carrier Civil Liability –
Cargo 1.1% Premiums Base
0638 Rail Carrier Civil Liability – Cargo 11.5% Premiums Base
Continuation of SUSEP Circular nº 517 of 2015.
80
Description Class
Code Class Description
% to be
Applied Application Base
0644
International Carrier Personal Injury
Civil Liability – Blue Card international
certificate
11.5% PUEP - already written
0652 Air Carrier Civil Liability – Cargo 11.5% Premiums Base
0654 Road Carrier Civil Liability – Cargo 11.0% Premiums Base
0655 Carrier Civil Liability – Cargo Deviation 2.4% Premiums Base
0656 Waterway Carrier Civil Liability – Cargo 11.5% Premiums Base
0658 Multimodal Carrier Civil Liability –
Cargo 11.5% Premiums Base
07 - Financial
Risks 0743 Stop Loss 15.6% PUEP - already written
0746 Rental Surety insurance 13.5% PUEP - already written
0748 Domestic Credit insurance 15.6% PUEP - already written
0749 Export Credit 15.6% PUEP - already written
0775 Guarantee insurance – Public Sector 17.2% PUEP - already written
0776 Guarantee insurance – Private Sector 72.4% PUEP - already written
09 – Personal
- Group 0929 Funeral Assistance 4.3% Premiums Base
0936 Loss of Pilot’s License 7.8% Premiums Base
0969 Travel insurance 7.0% Premiums Base
0977 Credit insurance (except Mortgage and
Rural) 14.0% Premiums Base
0980 Educational insurance 6.6% Premiums Base
0982 Accident insurance 8.8% Premiums Base
0984 Serious or terminal illness 2.4% Premiums Base
0987 Unemployment/Loss of Income 12.0% Premiums Base
0990 Random events 7.8% Premiums Base
0993 Life insurance 6.6% Premiums Base
10 - Mortgage 1061 non-SFH mortgage insurance – Lenders 14.0% Premiums Base
1065 non-SFH mortgage insurance – Other
Coverage 1.5% Premiums Base
11 - Rural 1101 Agricultural insurance (without FESR
coverage) 15.7% PUEP - already written
1102 Agricultural insurance (with FESR
coverage) 15.7% PUEP - already written
1103 Livestock insurance (without FESR
coverage) 15.7% PUEP - already written
1104 Livestock insurance (with FESR
coverage) 15.7% PUEP - already written
1105 Aquaculture insurance (without FESR
coverage) 15.7% PUEP - already written
1106 Aquaculture insurance (with FESR
coverage) 15.7% PUEP - already written
1107 Forest insurance (without FESR
coverage) 15.7% PUEP - already written
1108 Forest insurance (with FESR coverage) 15.7% PUEP - already written
1109 Rural Product Note insurance 15.7% PUEP - already written
1130 Farm Products and Improvements
insurance 14.9% PUEP - already written
Continuation of SUSEP Circular nº 517 of 2015.
81
Description Class
Code Class Description
% to be
Applied Application Base
1162 Rural Lien 12.7% PUEP - already written
1164 Animal insurance 15.7% PUEP - already written
1198 Farmers Life insurance 6.6% Premiums Base
12 - Others 1279 Insurance Abroad 10.7% PUEP - already written
1285 Health - Local Reinsurer 10.7% PUEP - already written
1299 Branches Abroad 10.7% PUEP - already written
13 - Private
Individuals 1329 Funeral Assistance 4.3% Premiums Base
1336 Loss of Pilot’s License 7.8% Premiums Base
1369 Travel insurance 7.0% Premiums Base
1377 Credit insurance (except
Mortgage and Rural) 14.0% Premiums Base
1380 Educational insurance 6.6% Premiums Base
1381 Accident insurance 9.7% Premiums Base
1384 Serious or terminal illness 2.4% Premiums Base
1387 Unemployment/Loss of Income 12.0% Premiums Base
1390 Random events 7.8% Premiums Base
14 – Marine 1417 Port Operator insurance 24.6% PUEP - already written
1428 Optional Civil Liability –
Watercraft 24.6% PUEP - already written
1433 Marine (Hull) 21.3% PUEP - already written
15 - Aviation 1528 Optional Civil Liability – Aircraft 26.5% PUEP - already written
1535 Aviation (Hull) 32.4% PUEP - already written
1537 Hangar Civil Liability 26.5% PUEP - already written
1597 Air Carrier Civil Liability 6.3% PUEP - already written
Continuation of SUSEP Circular nº 517 of 2015.
82
ADDENDUM VI
FILES TO BE SENT AFTER THE CONCLUSION OF SPIN-OFFS OR PORTFOLIO TRANSFER
OPERATIONS
Art. 1: The file EARNEDPREMIUM.DBF, defined in Table 1, will have to be sent after the
conclusion of every single spin-off or portfolio transfer operation.
Single paragraph: In the file EARNEDPREMIUM.DBF, monthly values of transferred
portfolio /spin off company’s Earned Premiums will have to be informed, divided by segment
(life and non-life) following the rules of CNSP Resolution nº 321/15, including the month of
conclusion of the operation and the 23 (twenty-three) previous months.
Table 1 – Structure of the file EARNEDPREMIUM.DBF
Field Type Description
COD_TRANSFEROR varchar(5) FIP code of transferor/parent
company
COD_TRANSFEREE varchar(5) FIP code of transferee/spin-
off company
MRFMONTHYEAR datetime Reference month
EARNED_ PRE_LIFE float
Earned Premium Values (life
segment) corresponding to
transferred /spin-off portfolio
EARNED_ PRE_NON_LIFE float
Earned Premium Values (non-
life segment) corresponding
to transferred /spin-off
portfolio
Art. 2: The files RETAINEDPREMIUM.DBF and RETAINEDCLAIM.DBF, defined
respectively in tables 2 and 3, will have to be sent after the conclusion of portfolio transfers
and spin-off operations involving transmission of rights and obligations regarding:
I – Insurance following the Pay As You Go financial system, except for classes DPVAT,
DPEM and classes excluded in Article 39 of CNSP Resolution nº 321/15;
II – Reinsurance following the Pay As You Go financial system.
Single paragraph: In the files RETAINEDPREMIUM.DBF and RETAINEDCLAIM.DBF, the
monthly values of transferred portfolio/spin-off companies’ Retained Premiums and Retained
Claims will have to be informed, divided by class and region following Addendum III of CNSP
Resolution nº 321/15, including the 12 previous months before the conclusion of the
operation.
Continuation of SUSEP Circular nº 517 of 2015.
83
Table 2 – Structure of the file RETAINEDPREMIUM.DBF
Field Type Description
COD_TRANSFEROR varchar(5) FIP code of transferor/parent
company
COD_TRANSFEREE varchar(5) FIP code of transferee/spin-
off company
MRFMONTHYEAR datetime Reference month
GROUP_CLASS varchar(4)
Group and class’ code in the
FIP, where the 2 first digits
correspond to the group and
the 2 last to the class.
Observation 1: In case of
proportional reinsurance
premiums, the reinsurers will
have to fill in the last 2 digits
with 0
Observation 2: In case of non-
proportional reinsurance
premiums, the reinsurers will
have to fill in all digits with 0
REGION varchar(1)
Code of the region of
operation, following table 3 of
Addendum III of CNSP
Resolution nº 321/15
Observation 1: In case of
proportional reinsurance
premiums, the reinsurers will
have to fill in 2
Observation 2: In case of non-
proportional reinsurance
premiums, the reinsurers will
have to fill in 0
RETAINED_PRE float
Earned Premium Values
corresponding to transferred
portfolio /spin-off company
PROP_NPROP varchar(1)
1 for proportional insurance
and reinsurance premiums
and 0 for non-proportional
reinsurance premiums
Table 3 – Structure of the file RETAINEDCLAIM.DBF
Field Type Description
COD_TRANSFEROR varchar(5) FIP code of transferor/parent
company
COD_TRANSFEREE varchar(5) FIP code of transferee/spin-
off company
MRFMONTHYEAR datetime Reference month
GROUP_CLASS varchar(4)
Group and class FIP code,
where the 2 first digits
correspond to the group and
the 2 last to the class.
Observation 1: In case of
proportional reinsurance
claims, the reinsurers will
have to fill in the last 2 digits
with 0
Observation 2: In case of non-
proportional reinsurance
claims, the reinsurers will
have to fill in all digits with 0
CLAIM_RETAINED float
Retained claim value
corresponding to transferred
/spin-off portfolio
PROP_NPROP varchar(1)
1 for proportional insurance
and reinsurance claims and 0
for non-proportional
reinsurance claims
Art. 3: The file DIRECTPREMIUM.DBF, defined in Table 4, will have to be sent after spin-
offs and portfolio transfer operations involving the transmission of rights and obligations
regarding:
I – Insurances following the Pay As You Go financial system excluded in Article 39 of
CNSP Resolution nº 321/15;
II – Insurances following the Terminal Funding and Capitalization financial systems;
III – Private pension plans in general;
Single paragraph: In the file DIRECTPREMIUM.DBF, Direct Premiums (insurances) or
Contributions (private pension plans) corresponding to transferred portfolio /spin-off will have
to be informed, divided by type of coverage, covering the month of conclusion of the
operation and the 11 (eleven) previous months.
Table 4 – Structure of the file DIRECTPREMIUM.DBF
Field Type Description
COD_TRANSFEROR varchar(5) FIP code of transferor/parent
company
COD_TRANSFEREE varchar(5) FIP code of transferee/spin-
off company
MRFMONTHYEAR Datetime Reference month
DIRECT_PRE_SURVIV float
Values of Direct Premiums
and Contributions (regarding
survival coverage)
corresponding to the
transferred /spin-off portfolio
DIRECT_PRE_OTHER float
Values of Direct Premiums
and Contributions (regarding
types of coverage other than
survival) corresponding to the
transferred /spin-off portfolio
Art. 4: The file INSUREDAMOUNT.DBF, defined in Table 5, will have to be sent after the
conclusion of portfolio transfers and spin-off operations involving transmission of rights and
obligations regarding:
I – Insurance following the Pay As You Go financial system excluded in Article 39 of
CNSP Resolution nº 321/15;
II – Insurance following the Terminal Funding financial system;
III – Private Pension Plans following the Pay As You Go or Terminal Funding financial
systems;
Single paragraph: In the file INSUREDAMOUNT.DBF Insured Amount (in case of Pay As
You Go products) or Monthly Income (in case of Terminal Funding Products), net of
reinsurance, for all valid risks in the last day of the conclusion of the operation, grouped by
validity start and end date, type of coverage and financial system.
Continuation of SUSEP Circular nº 517 of 2015.
85
Table 5 – Structure of the file INSUREDAMOUNT.DBF
Field Type Description
COD_TRANSFEROR varchar(5) FIP code of transferor/parent
company
COD_TRANSFEREE varchar(5) FIP code of transferee/spin-
off company
DATE_START datetime Start date of risk’s validity
DATE_END datetime End date of risk’s validity
TYPE_COVERAGE varchar(1) 1 for death or 2 for disability
FIN_SYSTEM varchar(1)
2 for Pay As You Go or 3 for
Terminal Funding (similar to
the codes used in the
registration of plans)
INSURED_AMOUNT float
Insured amount value or
monthly income
corresponding to the
transferred /spin-off portfolio
Art. 5: The file NETREVENUE.DBF, defined in table 6, will have to be sent after the
conclusion of portfolio transfers and spin-off operations involving transmission of rights and
obligations regarding capitalization plans.
Single paragraph: In the file NETREVENUE.DBF, monthly values of Net Revenue of the
transferred/spin-off plans, including the month of conclusion and the 11 previous months.
Table 6 – Structure of the file NETINCOME.DBF
Field Type Description
COD_TRANSFEROR varchar(5) FIP code of transferor/parent
company
COD_TRANSFEREE varchar(5) FIP code of transferee/spin-
off company
MRFMONTHYEAR datetime Reference month
NET_REV float
Net revenue value (total
collected with capitalization
bonds, net value from returns
and cancellations)
corresponding to
transferred/spin off plans
86-87
ADDENDUM VII
OPERATING LOSSES DATABASE (OLDB)
OPERATING LOSSES DATABASE
Version: 2014/03/31
VALID VALUES FOR FILLING IN EACH
KIND OF EVENT
FIELD DESCRIPTION FORM
AT Loss Recovery Update
COMPANY FIP code that identifies the company in SUSEP. I5 FIP Code FIP Code FIP Code
REGISTRAT
ION DATE
Date of the event registration in the operating
losses database.
ddmm
yyyy
Registration
date
Registration
date
Registrati
on date
OCCURREN
CE DATE
Date of occurrence of the generating fact of the
event. If it is impossible to identify the
occurrence date, the field must be filled in with
the date ‘01011900’
ddmm
yyyy
Occurrence
date
Occurrence
date
Occurren
ce date
RECOGNITI
ON DATE
Date when the expense with provisions or cash
settlement of the event being recorded is
recognized.
ddmm
yyyy
Recognition
date
Recognition
date
Recogniti
on date
EVENT Nº
Sequential number, starting by 1 (one), which
identifies, for a “COMPANY/REGISTRATION
DATE”, the registration of an event in the
database..
I5 [1.99999] [1.99999] [1.99999]
EVENT
TYPE(1) (2)
Fill in with the code that identifies the event
type entered in the database:
1 – Root Event
2 – Near Loss
3 – Associated Loss
4 – Near Associated Loss
5 - Recovery
6 - Update
I1 [1.4] {5} {6}
ROOT
EVENT
Corresponds to the registration date in the
database related to a loss to which the event
being recorded refers. Must be filled in with the
date ‘01011900’ in case of a ROOT EVENT
ddmm
yyyy
Root event
register date
Root event
register date
Root
event
register
date
ROOT
EVENT
Corresponds to the nº of the event in the
database related to which the loss being
recorded refers to. Must be fill in with zeros in
case of registration of a root event.
I5 [0.99999] [1.99999] [1.99999]
CATEGORY (3) (4)
Classifies the loss event in categories, based on
the following codes:
0 – Not applicable
1 – Internal fraud
2 – External fraud
3 – Labor practices or labor security
4 – Clients, products or business practices
5 – Damage to physical assets
6 – Interruption of the business or system fail
7 – Mistake in the execution, delivery or
management of business activities
I1 [1.7] {0} [1.7]
OPERATING LOSSES DATABASE
Version: 2014/03/31
VALID VALUES FOR FILLING IN EACH
KIND OF EVENT
FIELD DESCRIPTION FORM
AT Loss Recovery Update
LEGAL
LOSS (3)
Indicates if the loss is related to a lawsuit, based
on the following codes:
0 – Not applicable
1 – The loss is related to a lawsuit
2 – The loss is not related to a lawsuit
I1 [1.2] {0} [1.2]
RECORDED
IN THE
RBNS (3)
Indicates if the loss is recorded in the RBNS
(Provision for Claims reported but not yet
settled), based on the following codes:
0 - Not applicable
1 – The loss is recorded in the RBNS
2 - The loss is not recorded in the RBNS
I1 [1.2] {0} [1.2]
BUSINESS
FUNCTION (3) (4)
Classifies the loss event in the correspondent
business function, based on the following
codes:
0 - Not applicable
1 - Management
2 – Corporate finance
3 – Negotiations and Sales
4 – Payments and Cash settlement
5 – Systems
6 - Underwriting
7 - Outsourcing
I1 [1.7] {0} [1.7]
LOSS
CAUSE (3) (4)
Classifies the loss event according to its cause,
based on the following codes:
0 – Not applicable
I1 [1.4] {0} [1.4]
1 - People
2 - Processes
3 – IT Systems
4 – External Event
LOSS
STATUS (3)
Indicates the status of the loss, i.e., if it is still
available for change or recovery (open loss), or
if the value associated to it, as well as inherent
information about its registration cannot be
modified anymore (closed loss).
0 – Not applicable
1 – Open loss
2 – Closed loss
I1 [1.2] {0} [1.2]
Continuation of SUSEP Circular nº 517 of 2015.
88
OPERATIONAL LOSSES DATABASE
Version: 2014/03/31
VALID VALUES FOR FILLING IN EACH
KIND OF EVENT
FIELD DESCRIPTION FORM
AT Loss Recovery Update
GROSS
VALUE
Amount in reais (R$) calculated for net loss
(including financial costs), filled in in accordance
with the EVENT TYPE to which the registration
refers to, based on the following specifications:
ROOT EVENT, NEAR LOSS, ASSOCIATED LOSS
OR NEAR ASSOCIATED LOSS: fill in with amount
(or best estimate) of gross loss, before any
deduction of amount recovered by legal means,
insurance, etc.
Recovery: Fill in with the total of recovered
values, since the initial record of the loss in the
database, because of insurance compensation,
judicial means, or any other means. This value
will replace all values informed in previous
recovery events recorded in the database.
Update: Fill in with the new total gross value,
before deduction of any recovered amount. If
the change does not cause a change in the
GROSS VALUE informed up to this moment, fill
in with the actual value.
I1 [0. 100b] [0. 100b] [0. 100b]
EVENT
DESCRIPTI
ON
Description of the event that is being recorded. char(5
00)
<description
>
<description
>
<descripti
on>
EVENT
INTERNAL
ID
Identification of the event in the company
records. This record will enable the association
(FROM-TO) between the registration in the
database and the internal process conducted by
the company with the details of the event (a
lawsuit, an internal control document, etc.).
This identification will enable a validator, or an
auditor, to check the values entered in the
database and those in the documents that
originated the record.
char(5
00)
< internal id
>
< internal id
>
< internal
id >
Notes:
(1) The event recovery informs values recovered by means of insurance, reinsurance, or any
other means (ex.: legal pursuit).
(2) The event update can indicate a change in loss value or an adjustment of the initial
estimate, both for higher and lower amounts than it was initially estimated. This event can also
inform any change regarding other fields on a loss event recorded in the database.
(3) In case of registration of recovery events, this field must be filled in with “0”. In case of
update, the field must be filled in with information already recorded regarding the
correspondent loss, or with a new value to be considered after this update.
(4) If the loss being recorded does not fit well in any of the categories, or if it fits in more than
one category, the most representative one must be chosen.
Continuation of SUSEP Circular nº 517 of 2015.
89
ADDENDUM VIII
MINIMUM ELEMENTS OF THE SRP, WHEN MOTIVATED BY SHORTAGE OF ANE REGARDING
MCR
Art. 1: The SRP will be identified by the supervised body’s name, by the CNPJ and by the
supervised body’s code in SUSEP.
Art. 2: The supervised body will have to describe the following items in the SRP:
I – supervised body’s strategic objectives;
II – main products, classes and operating regions, as well as their respective importance in the
results of the supervised body;
III – distribution channels of the main products;
IV – broker commission payment policy;
V – investment policy;
VI – reinsurance policy;
VII – underwriting risks management policy;
VIII – credit, market, operational and legal risks management policy;
IX – assets and liabilities management policy (ALM);
X – policy regarding the pay of executives and professionals involved with risk management;
XI – profit distribution policy;
XII – outsourcing policy; and
XIII – other relevant information.
Single paragraph: Sub-item XI does not apply to non-profit complementary pension entities.
Art. 3: The supervised body has to identify in its SRP, precisely and in details, the factors that
contributed to the shortage of ANE regarding MCR.
Art. 4: The supervised body will have to describe in its SRP, precisely and in details, the
procedures and corrective actions to be taken for solving the shortage of the ANE regarding
MCR.
§ 1: If the proposal to solve the shortage needs financial resource contributions, the
supervised body will have to indicate the term and the way those financial resources will be
provided and identify the origin of these resources.
§ 2: If the procedures and corrective actions proposed to solve the shortage involve changes in
one of the topics described in the sub-items of Art. 2 of this addendum, the supervised body
will have to, in the respective item, identify and explain in details the changes to be made and
the expected results.
§ 3: In case of portfolio transfer or change in the geographic operating area, the supervised
body has to indicate the registration number of the proceeding opened in SUSEP for this
purpose.
§ 4: If the proposal to solve the shortage involves property alienation, the supervised body has
to present a detailed list of the properties it wants to sell, describing at least their book value,
the alienation’s expected value and the profit/loss expected as a result, which will have to be
included in the projections cited in Art. 5 of this addendum.
Continuation of SUSEP Circular nº 517 of 2015.
90
Art. 5: The supervised body will have to present in its SRP the following actuarial and financial
projections:
I – balance sheet and demonstration of the period’s results following the same pattern of
information rendered in the FIP (Periodic Information Form)
II – ANE’s expected value;
III – expected value of the venture capital and of each one of its installments; and
IV – MCR’s expected value.
§ 1: The projections of values in sub-items I to IV have to be provided quarterly, all through the
term established for the solution of the shortage.
§ 2: The supervised body will have to describe and justify technical criteria and economic
scenarios used in the projections.
§ 3: The supervised body will have to perform a sensitivity analysis of the factors that have the
biggest impact on projections.
Art. 6: With the purpose of monitoring the procedures and corrective actions to be adopted
for solving the shortage, the supervised body has to indicate in its SRP the control variables
used, as well as their respective margin of safety and the corrective measures to be adopted in
case of identification of planning variances.
Continuation of SUSEP Circular nº 517 of 2015.
91
ADDENDUM IX
MINIMUM ELEMENTOS OF THE SRP, WHEN MOTIVATED BY LIQUIDITY SHORTAGE RELATED
TO VC
Art. 1: The SPR will be identified by the supervised body’s name, CNPJ and by the supervised
body’s code at SUSEP.
Art. 2: The supervised body has to describe the following items in its SRP:
I – investment policy;
II – credit and market risk management policy;
III – assets and liabilities management (ALM) policy;
IV – policy regarding the pay of executives and professionals involved with risk management;
and
V – other relevant information.
Art. 3: The supervised body will have to describe, in its SRP, precisely and in details, the factors
that contributed to liquidity shortage regarding VC.
Art. 4: The supervised body will have to describe in its SRP, precisely and in details, the
procedures and corrective actions to be taken for solving the shortage of liquidity regarding
VC.
§ 1: If the proposal to solve the shortage needs financial resource contributions that will be
used to buy net assets, the supervised body will have to indicate the term and the way those
financial resources will be provided and identify the origin of these resources.
§ 2: If the procedures and corrective actions proposed to solve the shortage involve changes in
one of the topics described in the sub-items presented in Art. 2 of this addendum, the
supervised body will have to, in the respective item, identify and explain in details the changes
to be made and the expected results.
§ 3: If the procedures and corrective actions proposed to solve the shortage involve changes in
one of the topics described in the subparagraphs presented in Art. 2 of Addendum I, not
provided for in Art. 2 of the present addendum, the supervised body will have to, in the
respective item, identify and explain in details the changes to be made and the expected
results.
§ 4: In case of portfolio transfer or change in the geographic operating area, the supervised
body has to indicate the registration number of the proceeding opened in SUSEP for this
purpose.
§ 5: If the proposal to solve the shortage involves property alienation, the supervised body has
to present a detailed list of the properties it wants to sell, describing at least their book value,
the alienation’s expected value and the profit/loss expected as a result, which will have to be
included in the projections cited in Art. 5 of this addendum.
Art 5: The supervised body will have to present in its SRP the following actuarial and financial
projections:
I – VC’s expected value;
Continuation of SUSEP Circular nº 517 of 2015.
92
II – expected value of the liquidity sufficiency regarding VC; and
III – expected value of the need of coverage of technical provisions.
§ 1: The value projections referred to in sub-items I to III have to be provided monthly, all
through the term established for the solution of the shortage.
§ 2: The supervised body will have to describe and justify technical criteria and economic
scenarios used in the projections.
§ 3: The supervised body will have to perform a sensitivity analysis of the factors that have the
biggest impact on projections.
Art. 6: With the purpose of monitoring the procedures and corrective actions to be adopted
for solving the shortage, the supervised body has to indicate in its SRP the control variables
used, as well as their respective margin of safety and the corrective measures to be adopted in
case of identification of planning variances.
Continuation of SUSEP Circular nº 517 of 2015.
93
ADDENDUM X
ACCOUNT ITEMS
1
11
111
1111
11111
1112
11121
11122
1113
11131
11132
11137
1115
11151
11152
112
1121
11211
112111
1121111
1121112
112112
1121121
1121122
112119
11212
112121
1121211
1121212
112122
1121221
1121222
112129
ASSETS
CURRENT ASSETS
LIQUID ASSETS
CASH
CASH
AMOUNTS IN TRANSIT
AMOUNTS IN TRANSIT
CHEQUES ISSUED
BANK ACCOUNT DEPOSITS
BANK ACCOUNT DEPOSITS - TURNOVER - BRAZIL
BANK COLLECTION ACCOUNT
BANK ACCOUNT DEPOSITS - TURNOVER - ABROAD
INVESTMENTS - CASH EQUIVALENT
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
SHORT TERM INVESTMENTS
FIXED-INCOME SECURITIES - PRIVATE
PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
ISSUED BY FINANCIAL INSTITUTIONS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
ISSUED BY NON-FINANCIAL INSTITUTIONS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
REDUCTION TO RECOVERY VALUE
NOT PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
ISSUED BY FINANCIAL INSTITUTIONS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
ISSUED BY NON-FINANCIAL INSTITUTIONS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
REDUCTION TO RECOVERY VALUE
Continuation of SUSEP Circular nº 517 of 2015.
94
1122
11221
FIXED-INCOME SECURITIES - PUBLIC
PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
112211
1122111
1122112
112212
1122121
1122122
112213
1122131
1122132
112218
1122181
1122182
112219
11222
112221
1122211
1122212
112222
1122221
1122222
112223
1122231
1122232
112228
1122281
1122282
112229
1123
11231
112311
1123111
1123112
112312
1123121
1123122
112313
1123131
1123133
1123135
112318
1123181
1123182
112319
DOMESTIC PUBLIC DEBT SECURITIES – FEDERAL
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
DOMESTIC PUBLIC DEBT SECURITIES – STATE
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
DOMESTIC PUBLIC DEBT SECURITIES – MUNICIPAL
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
FOREIGN PUBLIC DEBT SECURITIES
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
REDUCTION TO RECOVERY VALUE
NOT PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
DOMESTIC PUBLIC DEBT SECURITIES – FEDERAL
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
DOMESTIC PUBLIC DEBT SECURITIES – STATE
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
DOMESTIC PUBLIC DEBT SECURITIES – MUNICIPAL
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
FOREIGN PUBLIC DEBT SECURITIES
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
REDUCTION TO RECOVERY VALUE
VARIABLE INCOME SECURITIES
PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
SHARES IN LISTED COMPANIES
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
SHARES IN OTHER COMPANIES
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
FINANCIAL DERIVATIVES
FORWARD MARKET
FUTURES AND OPTIONS MARKETS
SWAP TRANSACTIONS
OTHER VARIABLE INCOME SECURITIES
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
REDUCTION TO RECOVERY VALUE
11232
112321
1123211
1123212
112322
1123221
NOT PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
SHARES IN LISTED COMPANIES
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
SHARES IN OTHER COMPANIES
ORIGINAL VALUE
Continuation of SUSEP Circular nº 517 of 2015.
95
1123222
112323
1123231
1123233
1123235
112328
1123281
1123282
112329
1126
11261
112611
1126111
11261111
11261112
1126112
11261121
11261122
1126113
11261131
11261132
112612
1126121
1126122
11262
112621
1126211
11262111
11262112
1126212
11262121
11262122
1126213
ADJUSTMENT TO MARKET VALUE
FINANCIAL DERIVATIVES
FORWARD MARKET
FUTURES AND OPTIONS MARKETS
SWAP TRANSACTIONS
OTHER VARIABLE INCOME SECURITIES
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
REDUCTION TO RECOVERY VALUE
SHARES IN INVESTMENT FUNDS
PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
SHARES IN SPECIAL PURPOSE INVESTMENT FUNDS
SPECIAL PURPOSE INVESTMENT FUNDS - BENEFIT PLAN GUARANTORS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
SPECIAL PURPOSE INVESTMENT FUNDS - LIFE INSURANCE
GUARANTORS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
SHARES IN OTHER SPECIAL PURPOSE INVESTMENT FUNDS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
SHARES IN OTHER INVESTMENT FUNDS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
NOT PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
SHARES IN SPECIAL PURPOSE INVESTMENT FUNDS
SPECIAL PURPOSE INVESTMENT FUNDS - BENEFIT PLAN GUARANTORS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
SPECIAL PURPOSE INVESTMENT FUNDS - LIFE INSURANCE
GUARANTORS
ORIGINAL VALUE
11262131
11262132
112622
1126221
1126222
1127
11271
112711
112712
112719
11272
112721
112722
112729
1128
ADJUSTMENT TO MARKET VALUE
SHARES IN OTHER SPECIAL PURPOSE INVESTMENT FUNDS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
SHARES IN OTHER INVESTMENT FUNDS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
SHORT TERM INVESTMENTS ABROAD
PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
REDUCTION TO RECOVERY VALUE
NOT PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
REDUCTION TO RECOVERY VALUE
OTHER SHORT TERM INVESTMENTS
Continuation of SUSEP Circular nº 517 of 2015.
96
11281
112818
1128181
1128182
1128189
11282
112821
112822
112828
1128281
1128282
1128289
113
1131
11311
113111
113113
11312
113121
113123
PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
OTHER SHORT TERM INVESTMENTS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
REDUCTION TO RECOVERY VALUE
NOT PLEDGED AS COLLATERAL FOR RESERVES
REINSURERS – INTEREST-BEARING RETENTION OF CLAIMS PROVISION
REINSURERS – DEPOSIT ACCOUNT – FOREIGN CURRENCY
OTHER SHORT TERM INVESTMENTS
ORIGINAL VALUE
ADJUSTMENT TO MARKET VALUE
REDUCTION TO RECOVERY VALUE
OPERATING CREDITS
PREMIUMS RECEIVABLE
DIRECT
PREMIUMS - EXISTING RISKS FOR WHICH POLICIES HAVE BEEN ISSUED
UNEARNED INTEREST
ACCEPTED CO-INSURANCE
PREMIUMS
UNEARNED INTEREST
11315
11316
113161
113162
113163
11319
1132
11321
113211
113218
11322
113221
113223
113224
113225
113228
11323
113231
1132311
1132312
113232
1132321
1132322
113233
1132331
1132332
113234
PREMIUMS - EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
RETROCESSIONS
LOCAL REINSURER
ADMITTED REINSURER
EVENTUAL REINSURER
REDUCTION TO RECOVERY VALUE
INSURERS - BRAZIL
ACCEPTED CO-INSURANCE
PREMIUMS
OTHER CREDITS
CO-INSURANCE CEDED
PREMIUMS
UNEARNED INTEREST
CLAIMS
SALES EXPENSES
OTHER CREDITS
REINSURANCE ACCEPTED - LOCAL REINSURER
ACTUAL PREMIUMS
ACTUAL REINSURANCE PREMIUMS
(-) ACTUAL REINSURANCE COMMISSIONS
ESTIMATED PREMIUMS
ESTIMATED REINSURANCE PREMIUMS
(-) ESTIMATED REINSURANCE COMMISSIONS
EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
PREMIUMS - RENI
(-) REINSURANCE COMMISSIONS - RENI
CLAIMS
Continuation of SUSEP Circular nº 517 of 2015.
97
113235 SALES EXPENSES
113238 OTHER CREDITS
11328 PORTFOLIO TRANSFER - INSURANCE
11329 REDUCTION TO RECOVERY VALUE
1133 INSURERS - ABROAD
11331 INSURERS – ABROAD – ACCOUNT FOREIGN CURRENCY TURNOVER
11339 REDUCTION TO RECOVERY VALUE
1134 REINSURERS
11341 REINSURER - LOCAL
113411 PREMIUMS
1134111 ACTUAL PREMIUMS
11341111 GROSS ACTUAL PREMIUMS
11341112 (-) ACTUAL COMMISSIONS
1134112 ESTIMATED PREMIUMS
11341121 GROSS ESTIMATED PREMIUMS
11341122 (-) ESTIMATED COMMISSIONS
1134113 RISKS IN EFFECT BUT NOT ISSUED (RENI)
11341131 PREMIUMS - RENI
11341132 (-) COMMISSIONS ON RENI
113414 CLAIMS
1134142 CLAIMS SETTLED
113418 OTHER CREDITS
11342 REINSURER - ADMITTED
113421 PREMIUMS
1134211 ACTUAL PREMIUMS
11342111 GROSS ACTUAL PREMIUMS
11342112 (-) ACTUAL COMMISSIONS
1134212 ESTIMATED PREMIUMS
11342121 GROSS ESTIMATED PREMIUMS
11342122 (-) ESTIMATED COMMISSIONS
1134213 RISKS IN EFFECT BUT NOT ISSUED (RENI)
11342131 PREMIUMS - RENI
11342132 (-) COMMISSIONS ON RENI
113424 CLAIMS
1134242 CLAIMS SETTLED
113428 OTHER CREDITS
11343 REINSURER - EVENTUAL
113431 PREMIUMS
1134311 ACTUAL PREMIUMS
11343111 GROSS ACTUAL PREMIUMS
11343112 (-) ACTUAL COMMISSIONS
1134312 ESTIMATED PREMIUMS
11343121 GROSS ESTIMATED PREMIUMS
11343122 (-) ESTIMATED COMMISSIONS
1134313 RISKS IN EFFECT BUT NOT ISSUED (RENI)
11343131 PREMIUMS - RENI
11343132 (-) COMMISSIONS ON RENI
Continuation of SUSEP Circular nº 517 of 2015.
98
113434 CLAIMS
1134342 CLAIMS SETTLED
113438 OTHER CREDITS
11349 REDUCTION TO RECOVERY VALUE
1135 AMOUNTS RECEIVABLE - PRIVATE SUPPLEMENTARY PENSION
11351 CONSIGNMENTS BY REGISTRATION BODIES
11352 BANK CONSIGNMENTS
11353 AMOUNTS TO BE SETTLED
11354 CONTRIBUTIONS ON RISKS IN EFFECT BUT NOT YET RECEIVED
11358 OTHER CREDITS
11359 REDUCTION TO RECOVERY VALUE
1136 REINSURANCE TRANSACTIONS AND TRANSFERS - PRIVATE SUPPLEMENTARY PENSION
11361 PRIVATE SUPPLEMENTARY PENSION REINSURANCE CREDITS
113611 CONTRIBUTIONS RECEIVABLE
1136111 LOCAL REINSURER
1136112 ADMITTED REINSURER
1136113 EVENTUAL REINSURER
113612 BENEFITS TO BE RECOVERED
1136121 LOCAL REINSURER
1136122 ADMITTED REINSURER
1136123 EVENTUAL REINSURER
113618 OTHER PRIVATE SUPPLEMENTARY PENSION REINSURANCE CREDITS
1136181 LOCAL REINSURER
1136182 ADMITTED REINSURER
1136183 EVENTUAL REINSURER
113619 REDUCTION TO RECOVERY VALUE
11362 PRIVATE SUPPLEMENTARY PENSION TRANSFERS
113621 CONTRIBUTIONS RECEIVABLE
1136211 PRIVATE SUPPLEMENTARY PENSION ENTITIES
1136212 INSURERS
1136218 OTHER INSTITUTIONS
113622 BENEFITS TO BE RECOVERED
1136221 PRIVATE SUPPLEMENTARY PENSION ENTITIES
1136222 INSURERS
1136228 OTHER INSTITUTIONS
113627 PORTFOLIO TRANSFER - PRIVATE SUPPLEMENTARY PENSION
113628 OTHER PRIVATE SUPPLEMENTARY PENSION TRANSFER CREDITS
1136281 PRIVATE SUPPLEMENTARY PENSION ENTITIES
1136282 INSURERS
1136288 OTHER INSTITUTIONS
113629 REDUCTION TO RECOVERY VALUE
1137 CREDITS FROM CAPITALIZATION TRANSACTIONS
11371 CREDITS FROM CAPITALIZATION TRANSACTIONS
113711 SAVINGS BONDS - SINGLE PAYMENT
113712 SAVINGS BONDS - MONTHLY PAYMENTS
113713 SAVINGS BONDS - PERIODIC PAYMENTS
11372 CREDITS FROM TRANSACTIONS WITH PARTNER INSTITUTIONS
113721 SAVINGS BONDS - SINGLE PAYMENT
113722 SAVINGS BONDS - MONTHLY PAYMENTS
113723 SAVINGS BONDS - PERIODIC PAYMENTS
11378 PORTFOLIO TRANSFER - CAPITALIZATION
113781 SAVINGS BONDS - SINGLE PAYMENT
Continuation of SUSEP Circular nº 517 of 2015.
99
113782 SAVINGS BONDS - MONTHLY PAYMENTS
113783 SAVINGS BONDS - PERIODIC PAYMENTS
11379 REDUCTION TO RECOVERY VALUE
1138 OTHER OPERATING CREDITS
11381 AGENTS AND CORRESPONDENTS
11383 BROKERS
11384 DPVAT
11386 BRANCHES ABROAD
11387 FESA/FCVS PAYMENTS
113871 INDEMNITIES PAID
113872 INSURER MANAGEMENT FEES
113873 FINANCIAL AGENT COMMISSIONS
113878 OTHER PAYMENTS
11388 OTHER CREDITS
11389 REDUCTION TO RECOVERY VALUE
114 SECURITIES AND CREDITS RECEIVABLE
1141 CREDITS RECEIVABLE
11411 RENTS RECEIVABLE
11412 PROFIT SHARING RECEIVABLE
11413 DIVIDENDS AND INTEREST ON CAPITAL RECEIVABLE
11414 RIGHTS DERIVING FROM THE SALE OF PROPERTY
11417 FESA/FCVS AMOUNTS RECEIVABLE
11418 OTHER CREDITS RECEIVABLE
11419 REDUCTION TO RECOVERY VALUE
1142 SECURITIES RECEIVABLE
11421 INSURANCE PROMISSORY NOTES BEING COLLECTED
11422 PROMISSORY NOTES
11428 OTHER SECURITIES RECEIVABLE
11429 REDUCTION TO RECOVERY VALUE
1143 LOANS
11431 MORTGAGE LOANS
11432 SECURED LOANS
11433 LOANS BACKED BY SECURITIES
11435 COMPULSORY LOANS
11439 REDUCTION TO RECOVERY VALUE
1144 TAX AND SOCIAL SECURITY CREDITS
11441 INCOME TAX CREDITS
114411 INCOME TAX TO BE OFFSET
114412 PRE-PAID INCOME TAX
114413 INCOME TAX REFUNDS
114414 INCOME TAX WITHHELD AT SOURCE – INTEREST ON CAPITAL
114415 TIMING ADJUSTMENTS
114416 TAX LOSSES
11442 SOCIAL CONTRIBUTION CREDITS
114421 SOCIAL CONTRIBUTION TO BE OFFSET
114422 PRE-PAID SOCIAL CONTRIBUTION
114423 SOCIAL CONTRIBUTION REFUNDS
114425 TIMING ADJUSTMENTS
114426 TAX LOSSES
Continuation of SUSEP Circular nº 517 of 2015.
100
11444 SOCIAL SECURITY CREDITS
114441 MATERNITY PAY
114442 FAMILY ALLOWANCE
114443 OTHER SOCIAL SECURITY CREDITS
11445 COFINS AND PIS CREDITS
114451 COFINS TO BE OFFSET
114453 PIS TO BE OFFSET
11448 OTHER TAX AND SOCIAL SECURITY CREDITS
11449 REDUCTION TO RECOVERY VALUE
1145 ADVANCES TO EMPLOYEES
11451 PAY
11452 VACATION PAY
11453 13th SALARY
11458 OTHER ADVANCES
1146 ADMINISTRATIVE ADVANCES
11461 ADVANCES FOR TRAVEL
11462 ADVANCES TO SUPPLIERS
11468 OTHER ADVANCES
1147 JUDICIAL DEPOSITS AND TAX CONTINGENCIES
11471 DEPOSITS LEGAL EXPENSES - CLAIMS
11472 JUDICIAL DEPOSITS AND TAX CONTINGENCIES - TAXES
11473 JUDICIAL DEPOSITS AND TAX CONTINGENCIES - SOCIAL SECURITY CONTRIBUTIONS
11474 JUDICIAL DEPOSITS AND TAX CONTINGENCIES - BENEFITS
11475 JUDICIAL DEPOSITS AND TAX CONTINGENCIES - LABOR
11476 JUDICIAL DEPOSITS AND TAX CONTINGENCIES - CAPITALIZATION
11477 JUDICIAL DEPOSITS AND TAX CONTINGENCIES - CIVIL LIABILITY CONTINGENCIES
11478 OTHER DEPOSITS
1148 OTHER CREDITS
11481 BANK ACCOUNTS FROZEN BY COURT ORDER
11488 SUNDRY CREDITS
11489 REDUCTION TO RECOVERY VALUE
1149 FINANCIAL ASSISTANCE TO PARTICIPANTS
11491 MORTGAGE GUARANTEE
11492 SECURITY GUARANTEE
11493 REGISTERED GUARANTEE
11494 OTHER GUARANTEES
11498 (-) INCOME FOR ALLOCATION
11499 REDUCTION TO RECOVERY VALUE
115 OTHER ASSETS
1151 NON-CURRENT ASSETS HELD FOR SALE
11511 SALVAGE FOR SALE
11512 INVESTMENTS FOR SALE
11513 PROPERTY FOR SALE
11518 OTHER ASSETS FOR SALE
11519 REDUCTION TO RECOVERY VALUE
1152 INVENTORY
11521 INVENTORY
11529 REDUCTION TO RECOVERY VALUE
Continuation of SUSEP Circular nº 517 of 2015.
101
1153 PREMISSES IN BRAZIL
11531 PREMISSES IN BRAZIL
11539 REDUCTION TO RECOVERY VALUE
1154 SOCIAL, CULTURAL AND OTHER ADVANCES
11541 SOCIAL, CULTURAL AND OTHER ADVANCES
11549 REDUCTION TO RECOVERY VALUE
1155 CHEQUES AND ORDERS RECEIVABLE
11551 THIRD PARTY CHEQUES
11559 REDUCTION TO RECOVERY VALUE
1158 OTHER ASSETS
11581 OTHER ASSETS
11589 REDUCTION TO RECOVERY VALUE
116 COMPULSORY LOANS AND DEPOSITS
1161 COMPULSORY LOANS AND DEPOSITS
11611 LOANS
11612 COMPULSORY DEPOSITS
116121 DEPOSITS COVERING RENTAL PAYMENTS
116122 OTHER COMPULSORY DEPOSITS
11619 REDUCTION TO RECOVERY VALUE
117 PRE-PAID EXPENSES
1171 OPERATING EXPENSES
11711 PRE-PAID OPERATING EXPENSES
1172 ADMINISTRATIVE EXPENSES
11721 PRE-PAID ADMINISTRATIVE EXPENSES
118 DEFERRED ACQUISITION COSTS
1181 DEFERMENT - RISK TERM
11811 ACQUISITION COSTS - INSURANCE
118111 INSURANCE COMMISSIONS
118112 ACCEPTED CO-INSURANCE COMMISSIONS
118114 ACCEPTED RETROCESSION COMMISSIONS
1181141 LOCAL REINSURER
1181142 ADMITTED REINSURER
1181143 EVENTUAL REINSURER
118115 INSURANCE AGENCY
118116 ACCEPTED CO-INSURANCE AGENCY
118118 OTHER DEFERRED ACQUISITION COSTS
11812 BROKERAGE COMMISSIONS – REINSURANCE
118123 REINSURANCE BROKERAGE
118124 ACCEPTED RETROCESSION BROKERAGE
Continuation of SUSEP Circular nº 517 of 2015.
102
11813 ACQUISITION COSTS - PRIVATE SUPPLEMENTARY PENSION
118131 PRIVATE PENSION COMMISSIONS
118132 PRIVATE PENSION AGENCY
11814 DEFERRED ACQUISITION COSTS - CAPITALIZATION
118141 DEFERRED CAPITALIZATION COMMISSIONS
1181411 SAVINGS BONDS - SINGLE PAYMENT
118142 DEFERRED CAPITALIZATION AGENCY
1181421 SAVINGS BONDS - SINGLE PAYMENT
118148 OTHER DEFERRED ACQUISITION COSTS
1181481 SAVINGS BONDS - SINGLE PAYMENT
1182 DEFERMENT - OTHER
11821 ACQUISITION COSTS - INSURANCE
118211 INSURANCE COMMISSIONS
118212 COMMISSIONS ON ACCEPTED CO-INSURANCE
118214 COMMISSIONS ON ACCEPTED RETROCESSIONS
1182141 LOCAL REINSURER
1182142 ADMITTED REINSURER
1182143 EVENTUAL REINSURER
118215 INSURANCE AGENCY
118216 ACCEPTED CO-INSURANCE AGENCY
118218 OTHER DEFERRED ACQUISITION COSTS
11822 BROKERAGE COMMISSIONS – REINSURANCE
118223 REINSURANCE BROKERAGE
118224 ACCEPTED RETROCESSION BROKERAGE
11823 ACQUISITION COSTS - PRIVATE SUPPLEMENTARY PENSION
118231 PRIVATE PENSION COMMISSIONS
118232 PRIVATE PENSION AGENCY
11824 DEFERRED ACQUISITION COSTS - CAPITALIZATION
118241 DEFERRED CAPITALIZATION COMMISSIONS
1182411 SAVINGS BONDS - SINGLE PAYMENT
118242 DEFERRED CAPITALIZATION AGENCY
1182421 SAVINGS BONDS - SINGLE PAYMENT
118248 OTHER DEFERRED ACQUISITION COSTS
1182481 SAVINGS BONDS - SINGLE PAYMENT
119 REINSURANCE AND RETROCESSION ASSETS DEFERRED
1191 PREMIUMS - REINSURANCE
11911 DEFERRED REINSURANCE PREMIUM - PUEP
119111 DEFERRED REINSURANCE PREMIUM - PUEP
119112 DEFERRED COMMISSIONS - REINSURANCE PREMIUMS CEDED
11912 DEFERRED REINSURANCE PREMIUM - RENI
11915 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
11917 PROVISION FOR ADDITIONAL COVERAGE
11918 OTHER DEFERRED PREMIUMS
119181 OTHER DEFERRED PREMIUMS
Continuation of SUSEP Circular nº 517 of 2015.
103
1192 PREMIUMS - RETROCESSION
11921 DEFERRED RETROCESSION PREMIUMS - PUEP
119211 ESTIMATED
1192111 DEFERRED RETROCESSION PREMIUMS - PUEP
1192112 DEFERRED COMMISSIONS - RETROCESSION PREMIUMS CEDED
119212 ACTUAL
1192121 DEFERRED RETROCESSION PREMIUMS - PUEP
1192122 DEFERRED COMMISSIONS - RETROCESSION PREMIUMS CEDED
11922 DEFERRED RETROCESSION PREMIUMS - RENI
119221 DEFERRED RETROCESSION PREMIUMS - RENI
119222 DEFERRED COMMISSIONS - RETROCESSION PREMIUMS CEDED - RENI
11925 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
11926 PROVISION FOR TECHNICAL SURPLUS
11927 PROVISION FOR ADDITIONAL COVERAGE
11928 OTHER PREMIUMS DEFERRED
1193 CLAIMS - REINSURANCE
11931 CLAIMS - PENDING PAYMENT
119311 CLAIMS - PENDING PAYMENT
119312 IBNAR
11932 IBNR
11934 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
11935 PROVISION FOR RELATED EXPENSES
1194 CLAIMS - RETROCESSION
11941 CLAIMS - PENDING PAYMENT
119411 CLAIMS - PENDING PAYMENT
119412 IBNAR
11942 IBNR
11944 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
11945 PROVISION FOR RELATED EXPENSES
1197 OTHER TECHNICAL PROVISIONS
1198 OTHER REINSURANCE AND RETROCESSION ASSETS DEFERRED
1199 REDUCTION TO RECOVERY VALUE
12 NON-CURRENT ASSETS
121 LONG TERM
1211 SHORT TERM INVESTMENTS
12111 FIXED-INCOME SECURITIES - PRIVATE
121111 PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
1211111 ISSUED BY FINANCIAL INSTITUTIONS
12111111 ORIGINAL VALUE
12111112 ADJUSTMENT TO MARKET VALUE
1211112 ISSUED BY NON-FINANCIAL INSTITUTIONS
12111121 ORIGINAL VALUE
12111122 ADJUSTMENT TO MARKET VALUE
1211119 REDUCTION TO RECOVERY VALUE
121112 NOT PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
1211121 ISSUED BY FINANCIAL INSTITUTIONS
Continuation of SUSEP Circular nº 517 of 2015.
104
12111211 ORIGINAL VALUE
12111212 ADJUSTMENT TO MARKET VALUE
1211122 ISSUED BY NON-FINANCIAL INSTITUTIONS
12111221 ORIGINAL VALUE
12111222 ADJUSTMENT TO MARKET VALUE
1211129 REDUCTION TO RECOVERY VALUE
12112 FIXED-INCOME SECURITIES - PUBLIC
121121 PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
1211211 DOMESTIC PUBLIC DEBT SECURITIES - FEDERAL
12112111 ORIGINAL VALUE
12112112 ADJUSTMENT TO MARKET VALUE
1211212 DOMESTIC PUBLIC DEBT SECURITIES - STATE
12112121 ORIGINAL VALUE
12112122 ADJUSTMENT TO MARKET VALUE
1211213 DOMESTIC PUBLIC DEBT SECURITIES - MUNICIPAL
12112131 ORIGINAL VALUE
12112132 ADJUSTMENT TO MARKET VALUE
1211214 FOREIGN PUBLIC DEBT SECURITIES
12112141 ORIGINAL VALUE
12112142 ADJUSTMENT TO MARKET VALUE
1211219 REDUCTION TO RECOVERY VALUE
121122 NOT PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
1211221 DOMESTIC PUBLIC DEBT SECURITIES - FEDERAL
12112211 ORIGINAL VALUE
12112212 ADJUSTMENT TO MARKET VALUE
1211222 DOMESTIC PUBLIC DEBT SECURITIES - STATE
12112221 ORIGINAL VALUE
12112222 ADJUSTMENT TO MARKET VALUE
1211223 DOMESTIC PUBLIC DEBT SECURITIES - MUNICIPAL
12112231 ORIGINAL VALUE
12112232 ADJUSTMENT TO MARKET VALUE
1211224 FOREIGN PUBLIC DEBT SECURITIES
12112241 ORIGINAL VALUE
12112242 ADJUSTMENT TO MARKET VALUE
1211229 REDUCTION TO RECOVERY VALUE
12113 VARIABLE INCOME SECURITIES
121131 PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
1211311 SHARES IN LISTED COMPANIES
12113111 ORIGINAL VALUE
12113112 ADJUSTMENT TO MARKET VALUE
1211312 SHARES IN OTHER COMPANIES
12113121 ORIGINAL VALUE
12113122 ADJUSTMENT TO MARKET VALUE
1211313 FINANCIAL DERIVATIVES
12113131 FORWARD MARKET
12113133 FUTURES AND OPTIONS MARKETS
12113135 SWAP TRANSACTIONS
1211318 OTHER VARIABLE INCOME SECURITIES
12113181 ORIGINAL VALUE
12113182 ADJUSTMENT TO MARKET VALUE
1211319 REDUCTION TO RECOVERY VALUE
Continuation of SUSEP Circular nº 517 of 2015.
105
121132 NOT PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
1211321 SHARES IN LISTED COMPANIES
12113211 ORIGINAL VALUE
12113212 ADJUSTMENT TO MARKET VALUE
1211322 SHARES IN OTHER COMPANIES
12113221 ORIGINAL VALUE
12113222 ADJUSTMENT TO MARKET VALUE
1211323 FINANCIAL DERIVATIVES
12113231 FORWARD MARKET
12113233 FUTURES AND OPTIONS MARKETS
12113235 SWAP TRANSACTIONS
1211328 OTHER VARIABLE INCOME SECURITIES
12113281 ORIGINAL VALUE
12113282 ADJUSTMENT TO MARKET VALUE
1211329 REDUCTION TO RECOVERY VALUE
12115 TAX INCENTIVE INVESTMENTS
121151 DEPOSITS
12116 INVESTMENT FUND SHARES
121161 PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
1211611 SHARES IN SPECIAL PURPOSE INVESTMENT FUNDS
12116111 SPECIAL PURPOSE INVESTMENT FUNDS - SECURING BENEFIT PLANS
121161111 ORIGINAL VALUE
121161112 ADJUSTMENT TO MARKET VALUE
12116112 SPECIAL PURPOSE INVESTMENT FUNDS - SECURING LIFE INSURANCE
121161121 ORIGINAL VALUE
121161122 ADJUSTMENT TO MARKET VALUE
12116113 SHARES IN OTHER SPECIAL PURPOSE INVESTMENT FUNDS
121161131 ORIGINAL VALUE
121161132 ADJUSTMENT TO MARKET VALUE
1211612 SHARES IN OTHER INVESTMENT FUNDS
12116121 ORIGINAL VALUE
12116122 ADJUSTMENT TO MARKET VALUE
121162 NOT PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
1211621 SHARES IN SPECIAL PURPOSE INVESTMENT FUNDS
12116211 SPECIAL PURPOSE INVESTMENT FUNDS - SECURING BENEFIT PLANS
121162111 ORIGINAL VALUE
121162112 ADJUSTMENT TO MARKET VALUE
12116212 SPECIAL PURPOSE INVESTMENT FUNDS - SECURING LIFE INSURANCE
121162121 ORIGINAL VALUE
121162122 ADJUSTMENT TO MARKET VALUE
12116213 SHARES IN OTHER SPECIAL PURPOSE INVESTMENT FUNDS
121162131 ORIGINAL VALUE
121162132 ADJUSTMENT TO MARKET VALUE
1211622 SHARES IN OTHER INVESTMENT FUNDS
12116221 ORIGINAL VALUE
12116222 ADJUSTMENT TO MARKET VALUE
12117 SHORT TERM INVESTMENTS ABROAD
121171 PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
1211711 ORIGINAL VALUE
Continuation of SUSEP Circular nº 517 of 2015.
106
1211712 ADJUSTMENT TO MARKET VALUE
1211719 REDUCTION TO RECOVERY VALUE
121172 NOT PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
1211721 ORIGINAL VALUE
1211722 ADJUSTMENT TO MARKET VALUE
1211729 REDUCTION TO RECOVERY VALUE
12118 OTHER SHORT TERM INVESTMENTS
121181 PLEDGED AS COLLATERAL FOR TECHNICAL PROVISIONS
1211818 OTHER SHORT TERM INVESTMENTS
12118181 ORIGINAL VALUE
12118182 ADJUSTMENT TO MARKET VALUE
12118189 REDUCTION TO RECOVERY VALUE
121182 NOT LINKED TO COVERING RESERVES
1211821 REINSURERS – INTEREST-BEARING RETENTION OF CLAIMS PROVISION
1211822 REINSURERS – DEPOSIT ACCOUNT – FOREIGN CURRENCY
1211828 OTHER SHORT TERM INVESTMENTS
12118281 ORIGINAL VALUE
12118282 ADJUSTMENT TO MARKET VALUE
12118289 REDUCTION TO RECOVERY VALUE
12119 SHORT TERM FINANCIAL INVESTMENTS FROZEN BY COURT ORDER
121191 ORIGINAL VALUE
121192 ADJUSTMENT TO MARKET VALUE
121199 REDUCTION TO RECOVERY VALUE
1212 OPERATING CREDITS
12121 PREMIUMS RECEIVABLE
121211 DIRECT
1212111 PREMIUMS
1212112 INTEREST TO BE ALLOCATED
121212 ACCEPTED CO-INSURANCE
1212121 PREMIUMS
1212122 UNEARNED INTEREST
121213 RETROCESSIONS
1212131 LOCAL REINSURER
1212132 ADMITTED REINSURER
1212133 EVENTUAL REINSURER
121219 REDUCTION TO RECOVERY VALUE
12122 INSURERS - BRAZIL
121221 ACCEPTED CO-INSURANCE
1212211 PREMIUMS
1212218 OTHER CREDITS
121222 CO-INSURANCE CEDED
1212221 PREMIUMS
1212222 UNEARNED INTEREST
1212223 CLAIMS
1212224 SALES EXPENSES
1212228 OTHER CREDITS
121223 ACCEPTED REINSURANCE - LOCAL REINSURER
1212231 ACTUAL PREMIUMS
12122311 ACTUAL REINSURANCE PREMIUMS
Continuation of SUSEP Circular nº 517 of 2015.
107
12122312 (-) ACTUAL REINSURANCE COMMISSIONS
1212232 ESTIMATED PREMIUMS
12122321 ESTIMATED REINSURANCE PREMIUMS
12122322 (-) ESTIMATED REINSURANCE COMMISSIONS
1212233 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
12122331 PREMIUMS - RENI
12122332 (-) REINSURANCE COMMISSIONS - RENI
1212234 CLAIMS
1212235 SALES EXPENSES
1212238 OTHER CREDITS
121229 REDUCTION TO RECOVERY VALUE
12123 INSURERS - ABROAD
121231 INSURERS - ABROAD – ACCOUNT TURNOVER
121239 REDUCTION TO RECOVERY VALUE
12124 REINSURERS
121241 REINSURER - LOCAL
1212411 PREMIUMS
12124111 ACTUAL PREMIUMS
121241111 ACTUAL GROSS PREMIUMS
121241112 (-) ACTUAL COMMISSIONS
12124112 ESTIMATED PREMIUMS
121241121 ESTIMATED GROSS PREMIUMS
121241122 (-) ESTIMATED COMMISSIONS
12124113 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
121241131 PREMIUMS - RENI
121241132 (-) COMMISSIONS - RENI
1212418 OTHER CREDITS
121242 REINSURER - ADMITTED
1212421 PREMIUMS
12124211 ACTUAL PREMIUMS
121242111 GROSS ACTUAL PREMIUMS
121242112 (-) ACTUAL COMMISSIONS
12124212 ESTIMATED PREMIUMS
121242121 GROSS ESTIMATED PREMIUMS
121242122 (-) ESTIMATED COMMISSIONS
12124213 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
121242131 PREMIUMS - RENI
121242132 (-) COMMISSIONS - RENI
1212428 OTHER CREDITS
121243 REINSURER - EVENTUAL
1212431 PREMIUMS
12124311 ACTUAL PREMIUMS
121243111 ACTUAL GROSS PREMIUMS
121243112 (-) ACTUAL COMMISSIONS
12124312 ESTIMATED PREMIUMS
121243121 ESTIMATED GROSS PREMIUMS
121243122 (-) ESTIMATED COMMISSIONS
12124313 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
121243131 PREMIUMS - RENI
Continuation of SUSEP Circular nº 517 of 2015.
108
121243132 (-) COMMISSIONS - RENI
1212438 OTHER CREDITS
121249 REDUCTION TO RECOVERY VALUE
12125 AMOUNTS RECEIVABLE - PRIVATE SUPPLEMENTARY PENSION
121251 CONSIGNMENTS BY REGISTRATION BODIES
121252 BANK CONSIGNMENTS
121253 AMOUNTS TO BE SETTLED
121258 OTHER CREDITS
121259 REDUCTION TO RECOVERY VALUE
12126 REINSURANCE TRANSACTIONS AND TRANSFERS - PRIVATE SUPPLEMENTARY PENSION
121261 PRIVATE SUPPLEMENTARY PENSION REINSURANCE CREDITS
1212611 CONTRIBUTIONS RECEIVABLE
12126111 LOCAL REINSURER
12126112 ADMITTED REINSURER
12126113 EVENTUAL REINSURER
1212612 BENEFITS TO BE RECOVERED
12126121 LOCAL REINSURER
12126122 ADMITTED REINSURER
12126123 EVENTUAL REINSURER
1212618 OTHER PRIVATE SUPPLEMENTARY PENSION REINSURANCE CREDITS
12126181 LOCAL REINSURER
12126182 ADMITTED REINSURER
12126183 EVENTUAL REINSURER
1212619 REDUCTION TO RECOVERY VALUE
121262 PRIVATE SUPPLEMENTARY PENSION TRANSFER CREDITS
1212621 CONTRIBUTIONS RECEIVABLE
12126211 PRIVATE SUPPLEMENTARY PENSION ENTITIES
12126212 INSURERS
12126218 OTHER INSTITUTIONS
1212622 BENEFITS TO BE RECOVERED
12126221 PRIVATE SUPPLEMENTARY PENSION ENTITIES
12126222 INSURERS
12126228 OTHER INSTITUTIONS
1212627 PORTFOLIO TRANSFER - PRIVATE SUPPLEMENTARY PENSION
1212628 OTHER PRIVATE SUPPLEMENTARY PENSION TRANSFER CREDITS
12126281 PRIVATE SUPPLEMENTARY PENSION ENTITIES
12126282 INSURERS
12126288 OTHER INSTITUTIONS
1212629 REDUCTION TO RECOVERY VALUE
12127 CREDITS FROM CAPITALIZATION TRANSACTIONS
121271 CREDITS FROM CAPITALIZATION TRANSACTIONS
1212711 SAVINGS BONDS - SINGLE PAYMENT
1212712 SAVINGS BONDS - MONTHLY PAYMENTS
1212713 SAVINGS BONDS - PERIODIC PAYMENTS
121273 CREDITS FROM TRANSACTIONS WITH PARTNER INSTITUTIONS
1212731 SAVINGS BONDS - SINGLE PAYMENT
1212732 SAVINGS BONDS - MONTHLY PAYMENTS
1212733 SAVINGS BONDS - PERIODIC PAYMENTS
121278 PORTFOLIO TRANSFER - CAPITALIZATION
1212781 SAVINGS BONDS - SINGLE PAYMENT
1212782 SAVINGS BONDS - MONTHLY PAYMENTS
Continuation of SUSEP Circular nº 517 of 2015.
109
1212783 SAVINGS BONDS - PERIODIC PAYMENTS
121279 REDUCTION TO RECOVERY VALUE
12128 OTHER OPERATING CREDITS
121281 AGENTS AND CORRESPONDENTS
121282 BROKERS
121286 BRANCHES ABROAD
121288 OTHER CREDITS
121289 REDUCTION TO RECOVERY VALUE
1213 SECURITIES AND CREDITS RECEIVABLE
12131 CREDITS RECEIVABLE
121311 CREDITS RECEIVABLE
121314 RIGHTS DERIVING FROM THE SALE OF PROPERTY
121319 REDUCTION TO RECOVERY VALUE
12132 SECURITIES RECEIVABLE
121321 INSURANCE PROMISSORY NOTES BEING COLLECTED
121322 PROMISSORY NOTES
121328 OTHER SECURITIES RECEIVABLE
121329 REDUCTION TO RECOVERY VALUE
12133 LOANS
121331 MORTGAGE LOANS
121332 SECURED LOANS
121334 LOANS BACKED BY SECURITIES
121338 (-) INCOME FOR ALLOCATION
121339 REDUCTION TO RECOVERY VALUE
12134 TAX AND SOCIAL SECURITY CREDITS
121341 INCOME TAX CREDITS
1213411 INCOME TAX TO BE OFFSET
1213412 INCOME TAX REFUNDS
1213413 TIMING ADJUSTMENTS
1213416 TAX LOSSES
121342 SOCIAL CONTRIBUTION CREDITS
1213421 SOCIAL CONTRIBUTION TO BE OFFSET
1213422 SOCIAL CONTRIBUTION REFUNDS
1213423 SOCIAL CONTRIBUTION OFFSET BY COFINS
1213424 TIMING ADJUSTMENTS
1213426 TAX LOSSES
121344 SOCIAL SECURITY CREDITS
121345 COFINS AND PIS CREDITS
1213451 COFINS TO BE OFFSET
1213452 PIS TO BE OFFSET
121348 OTHER TAX AND SOCIAL SECURITY CREDITS
121349 REDUCTION TO RECOVERY VALUE
12135 JUDICIAL DEPOSITS AND TAX CONTINGENCIES
121351 JUDICIAL DEPOSITS - CLAIMS
121352 JUDICIAL DEPOSITS AND TAX CONTINGENCIES - TAXES
121353 JUDICIAL DEPOSITS AND TAX CONTINGENCIES - SOCIAL SECURITY CONTRIBUTIONS
121354 JUDICIAL DEPOSITS AND TAX CONTINGENCIES - BENEFITS
Continuation of SUSEP Circular nº 517 of 2015.
110
121355 JUDICIAL DEPOSITS AND TAX CONTINGENCIES - LABOR
121356 JUDICIAL DEPOSITS AND TAX CONTINGENCIES - CAPITALIZATION
121357 JUDICIAL DEPOSITS AND TAX CONTINGENCIES - CIVIL LIABILITY
121358 0THER DEPOSITS
12138 OTHER CREDITS RECEIVABLE
121381 BANK ACCOUNTS FROZEN BY COURT ORDER
121388 OTHER CREDITS
121389 REDUCTION TO RECOVERY VALUE
12139 FINANCIAL ASSISTANCE TO PARTICIPANTS
121391 MORTGAGE GUARANTEE
121392 SECURITY GUARANTEE
121393 REGISTERED GUARANTEE
121394 OTHER GUARANTEES
121398 (-) INCOME FOR ALLOCATION
121399 REDUCTION TO RECOVERY VALUE
1214 OTHER ASSETS
12141 OTHER ASSETS
121411 SALVAGE NOT AVAILABLE FOR SALE
121418 OTHER ASSETS
121419 REDUCTION TO RECOVERY VALUE
1215 COMPULSORY LOANS AND DEPOSITS
12151 COMPULSORY LOANS AND DEPOSITS
121511 LOANS
121512 COMPULSORY DEPOSITS
1215121 DEPOSITS COVERING RENTAL PAYMENTS
1215122 OTHER COMPULSORY DEPOSITS
121519 REDUCTION TO RECOVERY VALUE
1216 PRE-PAID EXPENSES
12161 OPERATING EXPENSES
121611 PRE-PAID OPERATING EXPENSES
12162 ADMINISTRATIVE EXPENSES
121621 PRE-PAID ADMINISTRATIVE EXPENSES
12168 OTHER EXPENDITURE
1217 DEFERRED ACQUISITION COSTS
12171 DEFERMENT - RISK TERM
121711 ACQUISITION COSTS - INSURANCE
1217111 INSURANCE COMMISSIONS
1217112 ACCEPTED CO-INSURANCE COMMISSIONS
1217114 RETROCESSION COMMISSIONS
12171141 LOCAL REINSURER
12171142 ADMITTED REINSURER
12171143 EVENTUAL REINSURER
1217115 INSURANCE AGENCY
1217116 ACCEPTED CO-INSURANCE AGENCY
1217118 OTHER DEFERRED ACQUISITION COSTS
121712 REINSURANCE BROKERAGE COMMISSIONS
1217123 REINSURANCE BROKERAGE
Continuation of SUSEP Circular nº 517 of 2015.
111
1217124 ACCEPTED RETROCESSION BROKERAGE
121713 ACQUISITION COSTS - PRIVATE SUPPLEMENTARY PENSION
1217131 PRIVATE PENSION COMMISSIONS
1217132 PRIVATE PENSION AGENCY
121714 DEFERRED ACQUISITION COSTS - CAPITALIZATION
1217141 DEFERRED CAPITALIZATION COMMISSIONS
12171411 SAVINGS BONDS - SINGLE PAYMENT
1217142 DEFERRED CAPITALIZATION AGENCY
12171421 SAVINGS BONDS - SINGLE PAYMENT
1217148 OTHER DEFERRED ACQUISITION COSTS
12171481 SAVINGS BONDS - SINGLE PAYMENT
12172 DEFERMENT - OTHER
121721 ACQUISITION COSTS - INSURANCE
1217211 INSURANCE COMMISSIONS
1217212 ACCEPTED CO-INSURANCE COMMISSIONS
1217214 RETROCESSION COMMISSIONS
12172141 LOCAL REINSURER
12172142 ADMITTED REINSURER
12172143 EVENTUAL REINSURER
1217215 INSURANCE AGENCY
1217216 ACCEPTED CO-INSURANCE AGENCY
1217218 OTHER DEFERRED ACQUISITION COSTS
121722 REINSURANCE BROKERAGE COMMISSIONS
1217223 REINSURANCE BROKERAGE
1217224 ACCEPTED RETROCESSION BROKERAGE
121723 ACQUISITION COSTS - PRIVATE SUPPLEMENTARY PENSION
1217231 PRIVATE PENSION COMMISSIONS
1217232 PRIVATE PENSION AGENCY
121724 DEFERRED ACQUISITION COSTS - CAPITALIZATION
1217241 DEFERRED CAPITALIZATION COMMISSIONS
12172411 SAVINGS BONDS - SINGLE PAYMENT
1217242 DEFERRED CAPITALIZATION AGENCY
12172421 SAVINGS BONDS - SINGLE PAYMENT
1217248 OTHER DEFERRED ACQUISITION COSTS
12172481 SAVINGS BONDS - SINGLE PAYMENT
1218 REINSURANCE AND RETROCESSION ASSETS
12181 DEFERRED REINSURANCE PREMIUMS
121811 DEFERRED REINSURANCE PREMIUMS - PUEP
1218111 DEFERRED REINSURANCE PREMIUMS - PUEP
1218112 (-) DEFERRED COMMISSIONS - REINSURANCE PREMIUMS CEDED
121812 DEFERRED REINSURANCE PREMIUMS - RENI
121814 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
121817 PROVISION FOR ADDITIONAL COVERAGE
121818 OTHER DEFERRED PREMIUMS
12182 DEFERRED RETROCESSION PREMIUMS
121821 DEFERRED RETROCESSION PREMIUMS - PUEP
1218211 ESTIMATED
12182111 DEFERRED RETROCESSION PREMIUMS - PUEP
12182112 (-) DEFERRED COMMISSIONS - RETROCESSION PREMIUMS CEDED
1218212 ACTUAL
Continuation of SUSEP Circular nº 517 of 2015.
112
12182121 DEFERRED RETROCESSION PREMIUMS - PUEP
12182122 (-) DEFERRED COMMISSIONS - RETROCESSION PREMIUMS CEDED
121822 DEFERRED RETROCESSION PREMIUMS - RENI
1218221 DEFERRED RETROCESSION PREMIUMS - RENI
1218222 (-) DEFERRED COMMISSIONS - RETROCESSION PREMIUMS CEDED - RENI
121824 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
121825 PROVISION FOR TECHNICAL SURPLUS
121827 PROVISION FOR ADDITIONAL COVERAGE
121828 OTHER DEFERRED PREMIUMS
12183 CLAIMS - REINSURANCE
121831 CLAIMS - PENDING PAYMENT
1218311 CLAIMS - PENDING PAYMENT
1218312 IBNAR
121832 IBNR
121834 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
121835 PROVISION FOR RELATED EXPENSES
12184 CLAIMS - RETROCESSION
121841 CLAIMS - PENDING PAYMENT
1218411 CLAIMS - PENDING PAYMENT
1218412 IBNAR
121842 IBNR
121844 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
121845 PROVISION FOR RELATED EXPENSES
12187 OTHER TECHNICAL PROVISIONS
12188 OTHER REINSURANCE AND RETROCESSION ASSETS DEFERRED
12189 REDUCTION TO RECOVERY VALUE
122 INVESTMENTS
1221 EQUITY HOLDINGS - INVESTMENTS IN BRAZIL
12211 SHARES IN FINANCIAL OR EQUIVALENT COMPANIES - FULLY-OWNED SUBSIDIARIES
122111 BOOK VALUE
122112 PREMIUM
12212 SHARES IN FINANCIAL OR EQUIVALENT COMPANIES - SUBSIDIARIES
122121 BOOK VALUE
122122 PREMIUM
12213 SHARES IN FINANCIAL OR EQUIVALENT COMPANIES - AFFILIATES
122131 BOOK VALUE
122132 PREMIUM
12215 SHARES IN NON-FINANCIAL OR NOT EQUIVALENT COMPANIES - FULLY-OWNED SUBSIDIARIES
122151 BOOK VALUE
122152 PREMIUM
12216 SHARES IN NON-FINANCIAL OR NOT EQUIVALENT COMPANIES - SUBSIDIARIES
122161 BOOK VALUE
122162 PREMIUM
12217 SHARES IN NON-FINANCIAL OR NOT EQUIVALENT COMPANIES - AFFILIATES
122171 BOOK VALUE
Continuation of SUSEP Circular nº 517 of 2015.
113
122172 PREMIUM
12218 OTHER INVESTMENTS
12219 REDUCTION TO RECOVERY VALUE
1222 EQUITY HOLDINGS - INVESTMENTS ABROAD
12221 SHARES IN FINANCIAL OR EQUIVALENT COMPANIES - FULLY-OWNED SUBSIDIARIES
122211 BOOK VALUE
122212 PREMIUM
12222 SHARES IN FINANCIAL OR EQUIVALENT COMPANIES - SUBSIDIARIES
122221 BOOK VALUE
122222 PREMIUM
12223 SHARES IN FINANCIAL OR EQUIVALENT COMPANIES - AFFILIATES
122231 BOOK VALUE
122232 PREMIUM
12224 BRANCHES ABROAD
12225 SHARES IN NON-FINANCIAL OR NOT EQUIVALENT COMPANIES - FULLY-OWNED SUBSIDIARIES
122251 BOOK VALUE
122252 PREMIUM
12226 SHARES IN NON-FINANCIAL OR NOT EQUIVALENT COMPANIES - SUBSIDIARIES
122261 BOOK VALUE
122262 PREMIUM
12227 SHARES IN NON-FINANCIAL OR NOT EQUIVALENT COMPANIES - AFFILIATES
122271 BOOK VALUE
122272 PREMIUM
12228 OTHER INVESTMENTS
12229 REDUCTION TO RECOVERY VALUE
1223 TAX INCENTIVES
12231 TAX INCENTIVE SHARES
12232 SHARES IN INVESTMENT FUNDS
12239 REDUCTION TO RECOVERY VALUE
1224 INVESTMENTS IN GOLD
12241 SHORT TERM INVESTMENTS IN GOLD
12249 REDUCTION TO RECOVERY VALUE
1225 URBAN PROPERTY NOT INTENDED FOR OWN USE
12251 URBAN LAND
122511 ACQUISITION COST
122512 REVALUATION
122519 REDUCTION TO RECOVERY VALUE
12252 URBAN BUILDINGS
122521 ACQUISITION COST
122523 REVALUATION
122529 REDUCTION TO RECOVERY VALUE
12259 URBAN BUILDINGS - ACCUMULATED DEPRECIATION
122591 DEPRECIATION OF ACQUISITION COST
122592 DEPRECIATION OF REVALUATION
1226 RURAL PROPERTY
12261 RURAL LAND
Continuation of SUSEP Circular nº 517 of 2015.
114
122611 ACQUISITION COST
122612 REVALUATION
122619 REDUCTION TO RECOVERY VALUE
12262 RURAL BUILDINGS
122621 ACQUISITION COST
122623 REVALUATION
122629 REDUCTION TO RECOVERY VALUE
12269 RURAL BUILDINGS - ACCUMULATED DEPRECIATION
122691 DEPRECIATION OF ACQUISITION COST
122692 DEPRECIATION OF REVALUATION
1228 OTHER INVESTMENTS
12281 MARKETABLE EQUITY SECURITIES
12282 WORKS OF ART
12288 OTHER INVESTMENTS
12289 REDUCTION TO RECOVERY VALUE
1229 ADVANCE FOR INVESTMENT ACQUISITION
12291 EQUITY HOLDINGS - INVESTMENTS IN BRAZIL
12292 EQUITY HOLDINGS - INVESTMENTS ABROAD
12293 URBAN PROPERTY
12294 RURAL PROPERTY
12295 OTHER INVESTMENTS
12296 REDUCTION TO RECOVERY VALUE
123 FIXED ASSETS
1231 PROPERTY FOR OWN USE
12311 LAND
123111 LAND – ACQUISITION COST
123112 LAND – REVALUATION
123119 REDUCTION TO RECOVERY VALUE
12312 BUILDINGS
123121 BUILDINGS – ACQUISITION COST
123122 BUILDINGS – REVALUATION
123129 REDUCTION TO RECOVERY VALUE
12319 ACCUMULATED DEPRECIATION
123191 BUILDINGS – ACQUISITION COST
123192 BUILDINGS - REVALUATION
1232 EQUIPMENT
12321 INFORMATION TECHNOLOGY
123211 HARDWARE
123212 APPLICATION SYSTEMS
12322 TELECOMMUNICATIONS
12323 COOLING
12328 OTHER
12329 ACCUMULATED DEPRECIATION / AMORTIZATION
123291 ACCUMULATED DEPRECIATION
123292 ACCUMULATED AMORTIZATION
1233 FURNITURE, MACHINERY AND UTENSILS
12331 FURNITURE, MACHINERY AND UTENSILS
12339 ACCUMULATED DEPRECIATION
Continuation of SUSEP Circular nº 517 of 2015.
115
1234 VEHICLES
12341 VEHICLES
12349 ACCUMULATED DEPRECIATION
1235 CONSTRUCTION IN PROGRESS
12351 BUILDINGS UNDER CONSTRUCTION
12352 EQUIPMENT IMPORTED OR ON ORDER
12358 OTHER WORK IN PROGRESS
1238 OTHER FIXED ASSETS
12383 IMPROVEMENTS TO THIRD-PARTY PROPERTY
12388 OTHER FIXED ASSETS
12389 ACCUMULATED AMORTIZATION / DEPRECIATION
123891 ACCUMULATED AMORTIZATION
123892 ACCUMULATED DEPRECIATION
124 INTANGIBLE ASSETS
1243 PREMIUM ON PORTFOLIO TRANSFER
12431 PREMIUM ON PORTFOLIO TRANSFER
12438 AMORTIZATION
12439 REDUCTION TO RECOVERY VALUE
1248 OTHER INTANGIBLE ASSETS
12481 TRADEMARKS AND PATENTS
12482 EXPENDITURE ON DEVELOPMENT OF THE INFORMATION TECHNOLOGY SYSTEM
12487 OTHER INTANGIBLE ASSETS
12488 AMORTIZATION
12489 REDUCTION TO RECOVERY VALUE
125 DEFERRED
1251 PRE-OPERATING EXPENSES
1252 RESTRUCTURING COSTS
1253 ACCUMULATED AMORTIZATION
19 COMPENSATION
191 COMPENSATION
1911 AMOUNTS RECEIVABLE - PRIVATE PENSIONS
19111 CONSIGNMENTS BY REGISTRATION BODIES
19112 BANK CONSIGNMENTS
19113 AMOUNTS TO BE SETTLED
19118 OTHER CREDITS
1912 INVOICES ISSUED IN ADVANCE
19121 INVOICES ISSUED IN ADVANCE
1913 IOF TAX FOR THE FINANCIAL YEAR
19131 IOF TAX FOR THE FINANCIAL YEAR
1914 CAPITALIZATION TRANSACTIONS
Continuation of SUSEP Circular nº 517 of 2015.
116
19141 TOTAL REVENUE
1915 FESA/FCVS TRANSACTIONS - SFH MORTGAGE INSURANCE
19151 AGENTS FOR PREMIUM ISSUING AND COLLECTION - FESA/FCVS
19152 REPORTED CLAIMS - FESA/FCVS
1916 FINANCIAL DERIVATIVES
19161 SHARE AND FINANCIAL ASSET CONTRACTS
1917 IRONCLAD LIFE AND PRIVATE PENSION FUNDS
19171 IRONCLAD LIFE AND PRIVATE PENSION FUNDS
1918 OTHER COMPENSATION ACCOUNTS
19181 OTHER COMPENSATION ACCOUNTS
2 LIABILITIES
21 CURRENT LIABILITIES
211 ACCOUNTS PAYABLE
2111 LIABILITIES PAYABLE
21111 SUPPLIERS
21112 RENTS PAYABLE
21113 PARTICIPATION CERTIFICATE PROFIT SHARING
21114 DIVIDENDS, BONUSES AND INTEREST ON CAPITAL PAYABLE
21115 PROFIT SHARING PAYABLE
21116 FEES, REMUNERATION AND GRATUITIES PAYABLE
21117 OUTSTANDING PAYMENTS
211171 SUPPORT SERVICES
211172 OTHER PAYMENTS
21118 FESA/FCVS TRANSFERS
211181 SFH MORTGAGE INSURANCE PREMIUMS
211182 RECOVERY OF SFH MORTGAGE INSURANCE INDEMNITIES
211183 ADVANCES FOR PAYMENT OF SFH MORTGAGE INSURANCE CLAIMS
211188 OTHER TRANSFERS RECEIVED
21119 OTHER LIABILITIES PAYABLE
211191 FORWARD MARKET
211192 FUTURES AND OPTIONS MARKETS
211194 SWAP TRANSACTIONS
211198 OTHER LIABILITIES
2112 TAXES E SOCIAL SECURITY CONTRIBUTIONS PAYABLE
21121 INCOME TAX WITHHELD AT SOURCE - EMPLOYEES
21122 INCOME TAX WITHHELD AT SOURCE - THIRD PARTIES
21123 ISS TAX WITHHELD AT SOURCE
21124 IOF TAX
21125 SOCIAL SECURITY CONTRIBUTIONS
21126 FGTS CONTRIBUTIONS
21128 OTHER TAXES AND SOCIAL SECURITY CONTRIBUTIONS
2113 PAYROLL TAXES
21131 13th SALARY PAYABLE
21132 VACATION PAY PAYABLE
21133 SOCIAL SECURITY CONTRIBUTIONS PAYABLE
Continuation of SUSEP Circular nº 517 of 2015.
117
21138 OTHER CHARGES
2114 LOANS
21141 MORTGAGE LOANS
21142 BANK LOANS
21148 OTHER LOANS
2115 FINANCING
21151 FINANCING FOR ASSET ACQUISITION
21159 OTHER FINANCING
2116 TAXES AND CONTRIBUTIONS
21161 INCOME TAX
211611 INCOME TAX
211612 (-) PRE-PAID INCOME TAX
21162 SOCIAL CONTRIBUTION
211621 SOCIAL CONTRIBUTION
211622 (-) PRE-PAID SOCIAL CONTRIBUTION
21163 COFINS
21164 PIS/PASEP
21165 INCOME TAX - MP 2222/01
21168 OTHER TAXES
21169 OTHER CONTRIBUTIONS
2117 PREMISSES IN BRAZIL
21171 PREMISSES IN BRAZIL
2118 SOCIAL AND CULTURAL PROGRAMS FOR PARTICIPANTS
21181 SOCIAL AND CULTURAL PROGRAMS FOR PARTICIPANTS
2119 OTHER ACCOUNTS PAYABLE
21191 OTHER ACCOUNTS PAYABLE
212 DEBITS FROM INSURANCE AND REINSURANCE TRANSACTIONS
2121 PREMIUMS TO BE REFUNDED
21211 DIRECT
212111 PREMIUMS
212112 (-) REINSURANCE COMMISSIONS
21212 REINSURANCE
212121 LOCAL REINSURER
212122 ADMITTED REINSURER
212123 EVENTUAL REINSURER
2122 INSURERS
21221 ACCEPTED CO-INSURANCE
212211 PREMIUMS
212214 CLAIMS
212215 SALES EXPENSES
212218 OTHER DEBITS
21222 CEDED CO-INSURANCE ISSUED
212221 PREMIUMS
212223 UNEARNED INTEREST
Continuation of SUSEP Circular nº 517 of 2015.
118
21223 CEDED CO-INSURANCE TO BE SETTLED
212231 PREMIUMS NET OF COMMISSIONS
212234 CLAIMS
212235 SALES EXPENSES
212238 OTHER DEBITS
21224 REINSURANCE ACCEPTED
212241 LOCAL REINSURER
2122411 PREMIUMS
2122414 CLAIMS
2122418 OTHER DEBITS
212242 ADMITTED REINSURER
2122421 PREMIUMS
2122424 CLAIMS
2122428 OTHER DEBITS
212243 EVENTUAL REINSURER
2122431 PREMIUMS
2122434 CLAIMS
2122438 OTHER DEBITS
21226 RETROCESSIONS
212261 LOCAL REINSURER
2122611 PREMIUMS
2122614 CLAIMS
2122618 OTHER DEBITS
212262 ADMITTED REINSURER
2122621 PREMIUMS
2122624 CLAIMS
2122628 OTHER DEBITS
212263 EVENTUAL REINSURER
2122631 PREMIUMS
2122634 CLAIMS
2122638 OTHER DEBITS
21227 INSURERS - TURNOVER OF ACCOUNT ABROAD
21228 PORTFOLIO TRANSFER - INSURANCE
2123 REINSURERS
21231 REINSURANCE CEDED - LOCAL REINSURER
212311 PREMIUMS
2123111 RISK ON POLICIES ISSUED
2123112 RENI
2123113 (-) COMMISSIONS ON INSURANCE CEDED - REINSURANCE
21232 REINSURANCE TO BE SETTLED - LOCAL REINSURER
212321 PREMIUMS
2123211 PREMIUMS
2123212 (-) COMMISSIONS ON INSURANCE CEDED - REINSURANCE
212324 CLAIMS
212328 OTHER DEBITS
21233 REINSURANCE CEDED - ADMITTED REINSURER
212331 PREMIUMS
2123311 RISK ON POLICIES ISSUED
2123312 RENI
2123313 (-) COMMISSIONS ON INSURANCE CEDED - REINSURANCE
21234 REINSURANCE TO BE SETTLED - ADMITTED REINSURER
212341 PREMIUMS
Continuation of SUSEP Circular nº 517 of 2015.
119
2123411 PREMIUMS
2123412 (-) COMMISSIONS ON INSURANCE CEDED - REINSURANCE
212344 CLAIMS
212348 OTHER DEBITS
21235 REINSURANCE CEDED - EVENTUAL REINSURER
212351 PREMIUMS
2123511 RISK ON POLICIES ISSUED
2123512 RENI
2123513 (-) COMMISSIONS ON INSURANCE CEDED - REINSURANCE
21236 REINSURANCE TO BE SETTLED - EVENTUAL REINSURER
212361 PREMIUMS
2123611 PREMIUMS
2123612 (-) COMMISSIONS ON INSURANCE CEDED - REINSURANCE
212364 CLAIMS
212368 OTHER DEBITS
21237 RETROCESSIONS CEDED
212371 LOCAL REINSURER
2123711 ACTUAL
21237111 ACTUAL PREMIUMS
21237112 (-) ACTUAL COMMISSIONS
2123712 ESTIMATED
21237121 ESTIMATED PREMIUMS
21237122 (-) ESTIMATED COMMISSIONS
2123713 RENI
21237131 PREMIUMS - RENI
21237132 (-) COMMISSIONS - RENI
2123714 CLAIMS
2123715 OTHER DEBITS
212372 ADMITTED REINSURER
2123721 ACTUAL
21237211 ACTUAL PREMIUMS
21237212 (-) ACTUAL COMMISSIONS
2123722 ESTIMATED
21237221 ESTIMATED PREMIUMS
21237222 (-) ESTIMATED COMMISSIONS
2123723 RENI
21237231 PREMIUMS - RENI
21237232 (-) COMMISSIONS - RENI
2123724 CLAIMS
2123725 OTHER DEBITS
212373 EVENTUAL REINSURER
2123731 ACTUAL
21237311 ACTUAL PREMIUMS
21237312 (-) ACTUAL COMMISSIONS
2123732 ESTIMATED
21237321 ESTIMATED PREMIUMS
21237322 (-) ESTIMATED COMMISSIONS
2123733 RENI
21237331 PREMIUMS - RENI
21237332 (-) COMMISSIONS - RENI
2123734 CLAIMS
2123735 OTHER DEBITS
2124 INSURANCE AND REINSURANCE BROKERS
21241 COMMISSIONS PAYABLE - INSURANCE
Continuation of SUSEP Circular nº 517 of 2015.
120
21242 BROKERAGE PAYABLE - REINSURANCE
2125 COMMISSIONS AND INTEREST ON PREMIUMS
21251 DIRECT
212511 COMMISSIONS
2125111 COMMISSIONS - RISK ON POLICIES ISSUED
2125112 COMMISSIONS - CURRENT RISK ON POLICIES NOT YET ISSUED
212512 UNEARNED INTEREST
21252 ACCEPTED CO-INSURANCE
212521 COMMISSIONS
212522 UNEARNED INTEREST
21253 REINSURANCE ACCEPTED - LOCAL REINSURER
212531 COMMISSIONS
212532 UNEARNED INTEREST
21254 REINSURANCE ACCEPTED - ADMITTED REINSURER
212541 COMMISSIONS
212542 UNEARNED INTEREST
21255 REINSURANCE ACCEPTED - EVENTUAL REINSURER
212551 COMMISSIONS
212552 UNEARNED INTEREST
21256 RETROCESSIONS
212561 LOCAL REINSURER
212562 ADMITTED REINSURER
212563 EVENTUAL REINSURER
2128 OTHER OPERATING DEBITS
21281 AGENTS AND CORRESPONDENTS
21282 INSURANCE SPONSORS
21283 ALLOCATED PROFITS PAYABLE
21284 ACCOUNTS PAYABLE - FESA/FCVS
21285 ACCOUNTS PAYABLE - DPVAT TRANSFERS
21286 BRANCHES ABROAD
21287 ACCOUNTS PAYABLE - DPVAT
21288 OTHER DEBITS
213 DEBITS ON PRIVATE PENSION TRANSACTIONS
2131 CONTRIBUTIONS TO BE REFUNDED
21311 CONTRIBUTIONS TO BE REFUNDED TO PARTICIPANTS
21312 CONTRIBUTIONS ON TRANSFERS, TO BE REFUNDED
2132 REINSURANCE TRANSACTIONS AND TRANSFERS - PRIVATE SUPPLEMENTARY PENSION
21321 PRIVATE SUPPLEMENTARY PENSION REINSURANCE DEBITS
213211 CONTRIBUTIONS TO BE TRANSFERRED
2132111 LOCAL REINSURER
2132112 ADMITTED REINSURER
2132113 EVENTUAL REINSURER
213212 BENEFITS TO BE RETURNED
2132121 LOCAL REINSURER
2132122 ADMITTED REINSURER
2132123 EVENTUAL REINSURER
213218 OTHER PRIVATE SUPPLEMENTARY PENSION REINSURANCE DEBITS
2132181 LOCAL REINSURER
2132182 ADMITTED REINSURER
2132183 EVENTUAL REINSURER
Continuation of SUSEP Circular nº 517 of 2015.
121
21322 PRIVATE SUPPLEMENTARY PENSION TRANSFERS
213221 TRANSFERRED CONTRIBUTIONS PAYABLE
2132211 PRIVATE SUPPLEMENTARY PENSION ENTITIES
2132212 INSURERS
2132218 OTHER INSTITUTIONS
213222 TRANSFERRED BENEFITS PAYABLE
2132221 PRIVATE SUPPLEMENTARY PENSION ENTITIES
2132222 INSURERS
2132228 OTHER INSTITUTIONS
213227 PORTFOLIO TRANSFER - PRIVATE SUPPLEMENTARY PENSION
213228 OTHER PRIVATE SUPPLEMENTARY PENSION TRANSFER DEBITS
2132281 PRIVATE SUPPLEMENTARY PENSION ENTITIES
2132282 INSURERS
2132288 OTHER INSTITUTIONS
21323 INSURANCE TRANSACTIONS
213231 PREMIUMS PAYABLE
2132311 INSURERS
21324 CORRESPONDENT TRANSACTIONS IN BRAZIL
213241 OTHER INSTITUTIONS
2133 AGENTS AND CORRESPONDENTS
21331 BROKERAGE COMMISSIONS PAYABLE
2135 PORTFOLIO TRANSFER
2138 OTHER OPERATING DEBITS
21381 OTHER OPERATING DEBITS
214 DEBITS FROM CAPITALIZATION TRANSACTIONS
2142 AGENTS AND CORRESPONDENTS
21421 BROKERAGE COMMISSIONS PAYABLE
2143 PORTFOLIO TRANSFER - CAPITALIZATION
21431 PORTFOLIO TRANSFER - CAPITALIZATION
2148 OTHER OPERATING DEBITS
214811 PROFESSIONAL SERVICES PROVIDED
2148111 SAVINGS BONDS - SINGLE PAYMENT
2148112 SAVINGS BONDS - MONTHLY PAYMENTS
2148113 SAVINGS BONDS - PERIODIC PAYMENTS
214812 ADVERTIZING AND PUBLICITY
2148121 SAVINGS BONDS - SINGLE PAYMENT
2148122 SAVINGS BONDS - MONTHLY PAYMENTS
2148123 SAVINGS BONDS - PERIODIC PAYMENTS
214813 PLACEMENT COSTS
2148131 SAVINGS BONDS - SINGLE PAYMENT
2148132 SAVINGS BONDS - MONTHLY PAYMENTS
2148133 SAVINGS BONDS - PERIODIC PAYMENTS
214818 OTHER DEBITS
2148181 SAVINGS BONDS - SINGLE PAYMENT
2148182 SAVINGS BONDS - MONTHLY PAYMENTS
2148183 SAVINGS BONDS - PERIODIC PAYMENTS
215 THIRD PARTY DEPOSITS
Continuation of SUSEP Circular nº 517 of 2015.
122
2151 SHAREHOLDERS – DEPOSIT ACCOUNT S
21511 ADVANCE FOR CAPITAL INCREASE
2152 ADVANCE BILLING OF PREMIUMS
21521 PRE-PAID PREMIUMS
2154 PREMIUMS AND FEES RECEIVED
21541 INSURANCE
21542 ACCEPTED CO-INSURANCE
21543 REINSURANCE
2155 AMOUNTS FOR RECLASSIFICATION - PRIVATE SUPPLEMENTARY PENSION
21551 AMOUNTS FOR RECLASSIFICATION - PRIVATE SUPPLEMENTARY PENSION
2156 AMOUNTS FOR RECLASSIFICATION - CAPITALIZATION
21561 AMOUNTS FOR RECLASSIFICATION - CAPITALIZATION
2158 OTHER DEPOSITS
21581 OTHER DEPOSITS
216 TECHNICAL PROVISIONS – INSURANCE E REINSURANCE
2161 TECHNICAL PROVISIONS - PROPERTY
21611 PROVISION FOR UNEARNED PREMIUMS
216111 DIRECT
2161111 RISK ON POLICIES ISSUED
2161112 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
216112 ACCEPTED CO-INSURANCE
216115 PROVISION FOR UNEARNED PREMIUMS - PORTFOLIO TRANSFER
2161151 PORTFOLIO TRANSFER - PREMIUM
2161152 PORTFOLIO TRANSFER - DISCOUNT
216116 RETROCESSIONS
2161161 LOCAL REINSURER
2161162 ADMITTED REINSURER
2161163 EVENTUAL REINSURER
216117 INTERNATIONAL TRANSACTIONS
216118 BRANCHES ABROAD
21613 PROVISION FOR ADDITIONAL COVERAGE
216131 LIABILITY ADEQUACY TEST
21615 PROVISION FOR OUTSTANDING CLAIMS
216151 ADMINISTRATIVE INCOME (EXPENSES)
2161511 DIRECT
2161512 ACCEPTED CO-INSURANCE
2161516 RETROCESSIONS
21615161 LOCAL REINSURER
21615162 ADMITTED REINSURER
21615163 EVENTUAL REINSURER
2161517 INTERNATIONAL TRANSACTIONS
2161518 BRANCHES ABROAD
216152 LEGAL EXPENSES
2161521 DIRECT
Continuation of SUSEP Circular nº 517 of 2015.
123
2161522 ACCEPTED CO-INSURANCE
2161526 RETROCESSIONS
21615261 LOCAL REINSURER
21615262 ADMITTED REINSURER
21615263 EVENTUAL REINSURER
2161527 INTERNATIONAL TRANSACTIONS
2161528 BRANCHES ABROAD
216154 RECOVERY OF CO-INSURANCE CEDED
216155 IBNAR
2161551 ADMINISTRATIVE INCOME (EXPENSES)
21615511 DIRECT
21615512 ACCEPTED CO-INSURANCE
21615516 RETROCESSIONS
216155161 LOCAL REINSURER
216155162 ADMITTED REINSURER
216155163 EVENTUAL REINSURER
21615517 INTERNATIONAL TRANSACTIONS
21615518 BRANCHES ABROAD
2161552 LEGAL EXPENSES
21615521 DIRECT
21615522 ACCEPTED CO-INSURANCE
21615526 RETROCESSIONS
216155261 LOCAL REINSURER
216155262 ADMITTED REINSURER
216155263 EVENTUAL REINSURER
21615527 INTERNATIONAL TRANSACTIONS
21615528 BRANCHES ABROAD
216156 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
216159 LIABILITY ADEQUACY TEST
21616 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
216161 ADMINISTRATIVE INCOME (EXPENSES)
2161611 DIRECT
2161612 ACCEPTED CO-INSURANCE
2161616 RETROCESSIONS
21616161 LOCAL REINSURER
21616162 ADMITTED REINSURER
21616163 EVENTUAL REINSURER
2161617 INTERNATIONAL TRANSACTIONS
2161618 BRANCHES ABROAD
216162 LEGAL EXPENSES
2161621 DIRECT
2161622 ACCEPTED CO-INSURANCE
2161626 RETROCESSIONS
21616261 LOCAL REINSURER
21616262 ADMITTED REINSURER
21616263 EVENTUAL REINSURER
2161627 INTERNATIONAL TRANSACTIONS
2161628 BRANCHES ABROAD
216163 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
216169 LIABILITY ADEQUACY TEST
21617 PROVISION FOR RELATED EXPENSES
216171 ADMINISTRATIVE INCOME (EXPENSES)
2161711 DIRECT
Continuation of SUSEP Circular nº 517 of 2015.
124
2161712 ACCEPTED CO-INSURANCE
2161716 RETROCESSIONS
21617161 LOCAL REINSURER
21617162 ADMITTED REINSURER
21617163 EVENTUAL REINSURER
2161717 INTERNATIONAL TRANSACTIONS
2161718 BRANCHES ABROAD
216172 LEGAL EXPENSES
2161721 DIRECT
2161722 ACCEPTED CO-INSURANCE
2161726 RETROCESSIONS
21617261 LOCAL REINSURER
21617262 ADMITTED REINSURER
21617263 EVENTUAL REINSURER
2161727 INTERNATIONAL TRANSACTIONS
2161728 BRANCHES ABROAD
216173 EXPENSES RELATED TO IBNR
216174 RECOVERY OF CO-INSURANCE CEDED
216179 OTHER
21619 OTHER PROVISIONS
216191 OTHER PROVISIONS
2161911 DIRECT
2161912 ACCEPTED CO-INSURANCE
2161914 RETROCESSIONS
21619141 LOCAL REINSURER
21619142 ADMITTED REINSURER
21619143 EVENTUAL REINSURER
2161915 INTERNATIONAL TRANSACTIONS
2161918 BRANCHES ABROAD
216193 PROVISION FOR ADMINISTRATIVE EXPENSES - DPVAT
2162 TECHNICAL PROVISIONS - PERSONAL
21621 PROVISION FOR UNEARNED PREMIUMS
216211 DIRECT
2162111 RISK ON POLICIES ISSUED
2162112 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
216212 ACCEPTED CO-INSURANCE
216215 PROVISION FOR UNEARNED PREMIUMS - PORTFOLIO TRANSFER
2162151 PORTFOLIO TRANSFER - PREMIUM
2162152 PORTFOLIO TRANSFER - DISCOUNT
216216 RETROCESSIONS
2162161 LOCAL REINSURER
2162162 ADMITTED REINSURER
2162163 EVENTUAL REINSURER
216217 INTERNATIONAL TRANSACTIONS
216218 BRANCHES ABROAD
21623 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
216231 DIRECT
2162311 INCOME FROM RANDOM EVENTS
2162312 REDEMPTION
Continuation of SUSEP Circular nº 517 of 2015.
125
2162318 OTHER
216232 ACCEPTED CO-INSURANCE
2162321 INCOME FROM RANDOM EVENTS
2162322 REDEMPTION
2162328 OTHER
216236 RETROCESSIONS
2162361 LOCAL REINSURER
2162362 ADMITTED REINSURER
2162368 EVENTUAL REINSURER
216237 INTERNATIONAL TRANSACTIONS
2162371 INCOME FROM RANDOM EVENTS
2162372 REDEMPTION
2162378 OTHER
216238 BRANCHES ABROAD
2162381 INCOME FROM RANDOM EVENTS
2162382 REDEMPTION
2162388 OTHER
21624 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
216241 DIRECT
216242 ACCEPTED CO-INSURANCE
216244 RECOVERY OF CO-INSURANCE CEDED
216246 RETROCESSIONS
2162461 LOCAL REINSURER
2162462 ADMITTED REINSURER
2162463 EVENTUAL REINSURER
216247 INTERNATIONAL TRANSACTIONS
216248 BRANCHES ABROAD
21625 PROVISION FOR OUTSTANDING CLAIMS
216251 ADMINISTRATIVE INCOME (EXPENSES)
2162511 DIRECT
2162512 ACCEPTED CO-INSURANCE
2162516 RETROCESSIONS
21625161 LOCAL REINSURER
21625162 ADMITTED REINSURER
21625163 EVENTUAL REINSURER
2162517 INTERNATIONAL TRANSACTIONS
2162518 BRANCHES ABROAD
216252 LEGAL EXPENSES
2162521 DIRECT
2162522 ACCEPTED CO-INSURANCE
2162526 RETROCESSIONS
21625261 LOCAL REINSURER
21625262 ADMITTED REINSURER
21625263 EVENTUAL REINSURER
2162527 INTERNATIONAL TRANSACTIONS
2162528 BRANCHES ABROAD
216253 IBNAR
216254 RECOVERY OF CO-INSURANCE CEDED
216255 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
216259 LIABILITY ADEQUACY TEST
21626 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
216261 ADMINISTRATIVE INCOME (EXPENSES)
Continuation of SUSEP Circular nº 517 of 2015.
126
2162611 DIRECT
2162612 ACCEPTED CO-INSURANCE
2162616 RETROCESSIONS
21626161 LOCAL REINSURER
21626162 ADMITTED REINSURER
21626163 EVENTUAL REINSURER
2162617 INTERNATIONAL TRANSACTIONS
2162618 BRANCHES ABROAD
216262 LEGAL EXPENSES
2162621 DIRECT
2162622 ACCEPTED CO-INSURANCE
2162626 RETROCESSIONS
21626261 LOCAL REINSURER
21626262 ADMITTED REINSURER
21626263 EVENTUAL REINSURER
2162627 INTERNATIONAL TRANSACTIONS
2162628 BRANCHES ABROAD
216263 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
216269 LIABILITY ADEQUACY TEST
21627 PROVISION FOR RELATED EXPENSES
216271 ADMINISTRATIVE INCOME (EXPENSES)
2162711 DIRECT
2162712 ACCEPTED CO-INSURANCE
2162716 RETROCESSIONS
21627161 LOCAL REINSURER
21627162 ADMITTED REINSURER
21627163 EVENTUAL REINSURER
2162717 INTERNATIONAL TRANSACTIONS
2162718 BRANCHES ABROAD
216272 LEGAL EXPENSES
2162721 DIRECT
2162722 ACCEPTED CO-INSURANCE
2162726 RETROCESSIONS
21627261 LOCAL REINSURER
21627262 ADMITTED REINSURER
21627263 EVENTUAL REINSURER
2162727 INTERNATIONAL TRANSACTIONS
2162728 BRANCHES ABROAD
216273 EXPENSES RELATED TO IBNR
216274 RECOVERY OF CO-INSURANCE CEDED
216279 OTHER
21628 PROVISION FOR ADDITIONAL COVERAGE
216281 LIABILITY ADEQUACY TEST
21629 OTHER PROVISIONS
216291 OTHER PROVISIONS
2162911 DIRECT
2162912 ACCEPTED CO-INSURANCE
2162914 RETROCESSIONS
21629141 LOCAL REINSURER
21629142 ADMITTED REINSURER
21629143 EVENTUAL REINSURER
2162915 INTERNATIONAL TRANSACTIONS
Continuation of SUSEP Circular nº 517 of 2015.
127
2162918 BRANCHES ABROAD
2163 TECHNICAL PROVISIONS - LIFE - INDIVIDUAL AND LIFE - WITH SURVIVOR COVERAGE
21631 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
216311 SINGLE PAYMENT UPON DEATH - CAPITALIZATION
216312 PAYMENTS TO SURVIVORS - INCOME - CAPITALIZATION
2163121 LIFE ANNUITY
2163122 TEMPORARY ANNUITY
2163123 TERM CERTAIN ANNUITY
216313 PAYMENT POR DISABILITY - INCOME - CAPITALIZATION
2163131 LIFE ANNUITY
2163132 TEMPORARY ANNUITY
2163133 TERM CERTAIN ANNUITY
216314 PAYMENT UPON DEATH - INCOME - CAPITALIZATION
2163141 LIFE ANNUITY
2163142 TEMPORARY ANNUITY
2163143 TERM CERTAIN ANNUITY
216315 BENEFIT GENERATOR LIFE INSURANCE
2163151 BENEFIT GENERATOR LIFE INSURANCE
216318 OTHER
2163181 OTHER
21632 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
216321 PAYMENT UPON DEATH - TERMINAL FUNDING
2163211 LIFE ANNUITY
2163212 TEMPORARY ANNUITY
2163213 TERM CERTAIN ANNUITY
216322 PAYMENT POR DISABILITY - INCOME - TERMINAL FUNDING
2163221 LIFE ANNUITY
2163222 TEMPORARY ANNUITY
2163223 TERM CERTAIN ANNUITY
216323 PAYMENT UPON DEATH - INCOME - CAPITALIZATION
2163231 LIFE ANNUITY
2163232 TEMPORARY ANNUITY
2163233 TERM CERTAIN ANNUITY
216324 PAYMENT POR DISABILITY - INCOME - CAPITALIZATION
2163241 LIFE ANNUITY
2163242 TEMPORARY ANNUITY
2163243 TERM CERTAIN ANNUITY
216325 PAYMENTS TO SURVIVORS - INCOME - CAPITALIZATION
2163251 LIFE ANNUITY
2163252 TEMPORARY ANNUITY
2163253 TERM CERTAIN ANNUITY
216326 BENEFIT GENERATOR LIFE INSURANCE
2163261 BENEFIT GENERATOR LIFE INSURANCE
216328 OTHER
2163281 OTHER
21633 PROVISION FOR UNEARNED PREMIUMS
216331 PAYMENT UPON DEATH - PAY-AS-YOU-GO
2163311 RISK ON POLICIES ISSUED
2163312 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
216332 PAYMENTS TO SURVIVORS - INCOME - TERMINAL FUNDING
Continuation of SUSEP Circular nº 517 of 2015.
128
2163321 LIFE ANNUITY
21633211 RISK ON POLICIES ISSUED
21633212 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2163322 TEMPORARY ANNUITY
21633221 RISK ON POLICIES ISSUED
21633222 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2163323 TERM CERTAIN ANNUITY
21633231 RISK ON POLICIES ISSUED
21633232 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
216333 PAYMENT POR DISABILITY - TERMINAL FUNDING
2163331 LIFE ANNUITY
21633311 RISK ON POLICIES ISSUED
21633312 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2163332 TEMPORARY ANNUITY
21633321 RISK ON POLICIES ISSUED
21633322 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2163333 TERM CERTAIN ANNUITY
21633331 RISK ON POLICIES ISSUED
21633332 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
21635 PROVISION FOR FINANCIAL SURPLUS
216351 INDIVIDUAL LIFE INSURANCE
21636 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
216361 ADMINISTRATIVE INCOME (EXPENSES)
2163611 INSURANCE
2163612 ACCEPTED CO-INSURANCE
2163613 REINSURANCE
21636131 LOCAL REINSURER
21636132 ADMITTED REINSURER
21636133 EVENTUAL REINSURER
2163616 RETROCESSIONS
21636161 LOCAL REINSURER
21636162 ADMITTED REINSURER
21636163 EVENTUAL REINSURER
2163617 INTERNATIONAL TRANSACTIONS
2163618 BRANCHES ABROAD
216362 LEGAL EXPENSES
2163621 INSURANCE
2163622 ACCEPTED CO-INSURANCE
2163623 REINSURANCE
21636231 LOCAL REINSURER
21636232 ADMITTED REINSURER
21636233 EVENTUAL REINSURER
2163626 RETROCESSIONS
21636261 LOCAL REINSURER
21636262 ADMITTED REINSURER
21636263 EVENTUAL REINSURER
2163627 INTERNATIONAL TRANSACTIONS
2163628 BRANCHES ABROAD
216363 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
216369 LIABILITY ADEQUACY TEST
21638 PROVISION FOR OUTSTANDING CLAIMS
Continuation of SUSEP Circular nº 517 of 2015.
129
216381 ADMINISTRATIVE INCOME (EXPENSES)
2163811 INSURANCE
2163812 ACCEPTED CO-INSURANCE
2163816 RETROCESSIONS
21638161 LOCAL REINSURER
21638162 ADMITTED REINSURER
21638163 EVENTUAL REINSURER
2163817 INTERNATIONAL TRANSACTIONS
2163818 BRANCHES ABROAD
216382 LEGAL EXPENSES
2163821 INSURANCE
2163822 ACCEPTED CO-INSURANCE
2163826 RETROCESSIONS
21638261 LOCAL REINSURER
21638262 ADMITTED REINSURER
21638263 EVENTUAL REINSURER
2163827 INTERNATIONAL TRANSACTIONS
2163828 BRANCHES ABROAD
216383 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
216389 LIABILITY ADEQUACY TEST
21639 OTHER PROVISIONS
216391 PROVISION FOR TECHNICAL SURPLUS
2163911 SINGLE PAYMENT UPON DEATH - PAY-AS-YOU-GO
2163912 SINGLE PAYMENT UPON DEATH - CAPITALIZATION
2163913 PAYMENT UPON DEATH - INCOME - TERMINAL FUNDING
21639131 LIFE ANNUITY
21639132 TEMPORARY ANNUITY
21639133 TERM CERTAIN ANNUITY
2163914 PAYMENT UPON DEATH - INCOME - CAPITALIZATION
21639141 LIFE ANNUITY
21639142 TEMPORARY ANNUITY
21639143 TERM CERTAIN ANNUITY
2163915 PAYMENT POR DISABILITY - INCOME - TERMINAL FUNDING
21639151 LIFE ANNUITY
21639152 TEMPORARY ANNUITY
21639153 TERM CERTAIN ANNUITY
2163916 PAYMENT POR DISABILITY - INCOME - CAPITALIZATION
21639161 LIFE ANNUITY
21639162 TEMPORARY ANNUITY
21639163 TERM CERTAIN ANNUITY
2163917 PAYMENTS TO SURVIVORS - INCOME - CAPITALIZATION
21639171 LIFE ANNUITY
21639172 TEMPORARY ANNUITY
21639173 TERM CERTAIN ANNUITY
216393 PROVISION FOR RELATED EXPENSES
216394 PROVISION FOR REDEMPTIONS AND/OR OTHER AMOUNTS TO BE SETTLED
2163941 INSURANCE
2163942 ACCEPTED CO-INSURANCE
2163946 RETROCESSIONS
21639461 LOCAL REINSURER
21639462 ADMITTED REINSURER
21639463 EVENTUAL REINSURER
2163947 INTERNATIONAL TRANSACTIONS
2163948 BRANCHES ABROAD
Continuation of SUSEP Circular nº 517 of 2015.
130
216395 PROVISION FOR ADDITIONAL COVERAGE
2163951 LIABILITY ADEQUACY TEST
216398 OTHER PROVISIONS
2163981 OTHER PROVISIONS
2164 TECHNICAL PROVISIONS - REINSURER
21641 PROVISION FOR UNEARNED PREMIUMS
216411 DIRECT
2164111 ACTUAL RISK ON POLICIES ISSUED
21641111 ACTUAL DEFERRED PREMIUMS
21641112 (-) ACTUAL DEFERRED COMMISSIONS
2164112 ESTIMATED RISK ON POLICIES ISSUED
21641121 ESTIMATED DEFERRED PREMIUMS
21641122 (-) ESTIMATED DEFERRED COMMISSIONS
2164113 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
21641131 DEFERRED PREMIUMS - RENI
21641132 (-) DEFERRED COMMISSIONS - RENI
216412 ACCEPTED RETROCESSIONS
2164121 LOCAL REINSURER
21641211 ACTUAL RISK ON POLICIES ISSUED
216412111 ACTUAL DEFERRED PREMIUMS
216412112 (-) ACTUAL DEFERRED COMMISSIONS
21641212 ESTIMATED RISK ON POLICIES ISSUED
216412121 ESTIMATED DEFERRED PREMIUMS
216412122 (-) ESTIMATED DEFERRED COMMISSIONS
21641213 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
216412131 DEFERRED PREMIUMS - RENI
216412132 (-) DEFERRED COMMISSIONS - RENI
2164122 ADMITTED REINSURER
21641221 ACTUAL RISK ON POLICIES ISSUED
216412211 ACTUAL DEFERRED PREMIUMS
216412212 (-) ACTUAL DEFERRED COMMISSIONS
21641222 ESTIMATED RISK ON POLICIES ISSUED
216412221 ESTIMATED DEFERRED PREMIUMS
216412222 (-) ESTIMATED DEFERRED COMMISSIONS
21641223 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
216412231 DEFERRED PREMIUMS - RENI
216412232 (-) DEFERRED COMMISSIONS - RENI
2164123 EVENTUAL REINSURER
21641231 ACTUAL RISK ON POLICIES ISSUED
216412311 ACTUAL DEFERRED PREMIUMS
216412312 (-) ACTUAL DEFERRED COMMISSIONS
21641232 ESTIMATED RISK ON POLICIES ISSUED
216412321 ESTIMATED DEFERRED PREMIUMS
216412322 (-) ESTIMATED DEFERRED COMMISSIONS
21641233 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
216412331 DEFERRED PREMIUMS - RENI
216412332 (-) DEFERRED COMMISSIONS - RENI
216417 BRANCHES ABROAD
21643 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
216431 DIRECT
2164311 INCOME FROM RANDOM EVENTS
2164312 REDEMPTION
Continuation of SUSEP Circular nº 517 of 2015.
131
2164313 OTHER
216432 ACCEPTED RETROCESSIONS
2164321 LOCAL REINSURER
2164322 ADMITTED REINSURER
2164323 EVENTUAL REINSURER
216437 BRANCHES ABROAD
21644 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
216441 DIRECT
216442 ACCEPTED RETROCESSIONS
2164421 LOCAL REINSURER
2164422 ADMITTED REINSURER
2164423 EVENTUAL REINSURER
216447 BRANCHES ABROAD
21645 PROVISION FOR OUTSTANDING CLAIMS
216451 ADMINISTRATIVE INCOME (EXPENSES)
2164511 DIRECT
2164512 ACCEPTED RETROCESSIONS
21645121 LOCAL REINSURER
21645122 ADMITTED REINSURER
21645123 EVENTUAL REINSURER
216452 LEGAL EXPENSES
2164521 DIRECT
2164522 ACCEPTED RETROCESSIONS
21645221 LOCAL REINSURER
21645222 ADMITTED REINSURER
21645223 EVENTUAL REINSURER
216455 IBNAR
2164551 ADMINISTRATIVE INCOME (EXPENSES)
21645511 DIRECT
21645512 ACCEPTED RETROCESSIONS
216455121 LOCAL REINSURER
216455122 ADMITTED REINSURER
216455123 EVENTUAL REINSURER
2164552 LEGAL EXPENSES
21645521 DIRECT
21645522 ACCEPTED RETROCESSIONS
216455221 LOCAL REINSURER
216455222 ADMITTED REINSURER
216455223 EVENTUAL REINSURER
216456 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
216457 BRANCHES ABROAD
216459 LIABILITY ADEQUACY TEST
21647 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
216471 ADMINISTRATIVE INCOME (EXPENSES)
2164711 DIRECT
2164712 ACCEPTED RETROCESSIONS
21647121 LOCAL REINSURER
21647122 ADMITTED REINSURER
21647123 EVENTUAL REINSURER
216472 LEGAL EXPENSES
2164721 DIRECT
2164722 ACCEPTED RETROCESSIONS
Continuation of SUSEP Circular nº 517 of 2015.
132
21647221 LOCAL REINSURER
21647222 ADMITTED REINSURER
21647223 EVENTUAL REINSURER
216473 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
216477 BRANCHES ABROAD
216479 LIABILITY ADEQUACY TEST
21649 OTHER PROVISIONS
216493 PROVISION FOR TECHNICAL SURPLUS
2164931 DIRECT
21649311 STAGGERED COMMISSIONS
21649312 PROFIT SHARING
2164932 ACCEPTED RETROCESSIONS
21649321 LOCAL REINSURER
21649322 ADMITTED REINSURER
21649323 EVENTUAL REINSURER
2164937 BRANCHES ABROAD
216494 PROVISION FOR FINANCIAL SURPLUS
2164941 DIRECT
2164942 ACCEPTED RETROCESSIONS
21649421 LOCAL REINSURER
21649422 ADMITTED REINSURER
21649423 EVENTUAL REINSURER
2164947 BRANCHES ABROAD
216495 PROVISION FOR ADDITIONAL COVERAGE
2164951 DIRECT
2164952 ACCEPTED RETROCESSIONS
21649521 LOCAL REINSURER
21649522 ADMITTED REINSURER
21649523 EVENTUAL REINSURER
2164957 BRANCHES ABROAD
216496 PROVISION FOR RELATED EXPENSES
2164961 ADMINISTRATIVE INCOME (EXPENSES)
21649611 DIRECT
21649612 ACCEPTED RETROCESSIONS
216496121 LOCAL REINSURER
216496122 ADMITTED REINSURER
216496123 EVENTUAL REINSURER
2164962 LEGAL EXPENSES
21649621 DIRECT
21649622 ACCEPTED RETROCESSIONS
216496221 LOCAL REINSURER
216496222 ADMITTED REINSURER
216496223 EVENTUAL REINSURER
2164964 RECOVERY OF CO-INSURANCE CEDED
2164967 BRANCHES ABROAD
2164968 EXPENSES RELATED TO IBNR
2164969 OTHER
216498 OTHER TECHNICAL PROVISIONS
2164981 DIRECT
Continuation of SUSEP Circular nº 517 of 2015.
133
2164982 ACCEPTED RETROCESSIONS
21649821 LOCAL REINSURER
21649822 ADMITTED REINSURER
21649823 EVENTUAL REINSURER
2164987 BRANCHES ABROAD
217 TECHNICAL PROVISIONS – PRIVATE SUPPLEMENTARY PENSION
2171 FROZEN PLANS
21711 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
217112 LUMP SUM PLANS - CAPITALIZATION
217114 INCOME PLANS - PENSION - CAPITALIZATION
217116 INCOME PLANS - DISABILITY - CAPITALIZATION
217117 INCOME PLANS - RETIREMENT - CAPITALIZATION
21712 PROVISION FOR UNEARNED PREMIUMS
217121 LUMP SUM PLANS - PAY-AS-YOU-GO
2171211 RISK ON POLICIES ISSUED
2171212 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
217123 INCOME PLANS - PENSION - TERMINAL FUNDING
2171231 RISK ON POLICIES ISSUED
2171232 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
217125 INCOME PLANS - DISABILITY - TERMINAL FUNDING
2171251 RISK ON POLICIES ISSUED
2171252 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
21714 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
217143 INCOME PLANS - PENSION - TERMINAL FUNDING
217144 INCOME PLANS - PENSION - CAPITALIZATION
217145 INCOME PLANS - DISABILITY - TERMINAL FUNDING
217146 INCOME PLANS - DISABILITY - CAPITALIZATION
217147 INCOME PLANS - RETIREMENT - CAPITALIZATION
21715 PROVISION FOR OUTSTANDING CLAIMS
217151 LUMP SUM PLANS - PAY-AS-YOU-GO
217152 LUMP SUM PLANS - CAPITALIZATION
217153 INCOME PLANS - PENSION - TERMINAL FUNDING
217154 INCOME PLANS - PENSION - CAPITALIZATION
217155 INCOME PLANS - DISABILITY - TERMINAL FUNDING
217156 INCOME PLANS - DISABILITY - CAPITALIZATION
217157 INCOME PLANS - RETIREMENT - CAPITALIZATION
217158 INCOME PLANS - MONTHLY PAYMENTS
217159 LIABILITY ADEQUACY TEST
21716 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
217161 LUMP SUM PLANS - PAY-AS-YOU-GO
217162 LUMP SUM PLANS - CAPITALIZATION
217163 INCOME PLANS - PENSION - TERMINAL FUNDING
217164 INCOME PLANS - PENSION - CAPITALIZATION
217165 INCOME PLANS - DISABILITY - TERMINAL FUNDING
217166 INCOME PLANS - DISABILITY - CAPITALIZATION
217167 INCOME PLANS - RETIREMENT - CAPITALIZATION
217169 LIABILITY ADEQUACY TEST
21719 OTHER TECHNICAL PROVISIONS
Continuation of SUSEP Circular nº 517 of 2015.
134
217191 PRIVATE SUPPLEMENTARY PENSION PLANS
217192 PROVISION FOR RELATED EXPENSES
217193 PROVISION FOR ADDITIONAL COVERAGE
217198 OTHER PROVISIONS
2172 UNFROZEN PLANS
21721 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
217212 LUMP SUM PLANS - CAPITALIZATION
217214 INCOME PLANS - PENSION - CAPITALIZATION
2172141 LIFE ANNUITY
2172142 TEMPORARY ANNUITY
2172143 TERM CERTAIN ANNUITY
217216 INCOME PLANS - DISABILITY - CAPITALIZATION
2172161 LIFE ANNUITY
2172162 TEMPORARY ANNUITY
2172163 TERM CERTAIN ANNUITY
217217 INCOME PLANS - RETIREMENT - CAPITALIZATION
2172171 LIFE ANNUITY
2172172 TEMPORARY ANNUITY
2172173 TERM CERTAIN ANNUITY
217218 VARIABLE CONTRIBUTION PLANS
2172181 P.G.B.L.
21722 PROVISION FOR UNEARNED PREMIUMS
217221 LUMP SUM PLANS - PAY-AS-YOU-GO
2172211 RISK ON POLICIES ISSUED
2172212 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
217223 INCOME PLANS - PENSION - TERMINAL FUNDING
2172231 LIFE ANNUITY
21722311 RISK ON POLICIES ISSUED
21722312 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2172232 TEMPORARY ANNUITY
21722321 RISK ON POLICIES ISSUED
21722322 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2172233 TERM CERTAIN ANNUITY
21722331 RISK ON POLICIES ISSUED
21722332 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
217225 INCOME PLANS - DISABILITY - TERMINAL FUNDING
2172251 LIFE ANNUITY
21722511 RISK ON POLICIES ISSUED
21722512 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2172252 TEMPORARY ANNUITY
21722521 RISK ON POLICIES ISSUED
21722522 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2172253 TERM CERTAIN ANNUITY
21722531 RISK ON POLICIES ISSUED
21722532 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
21724 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
217243 INCOME PLANS - PENSION - TERMINAL FUNDING
2172431 LIFE ANNUITY
2172432 TEMPORARY ANNUITY
2172433 TERM CERTAIN ANNUITY
217244 INCOME PLANS - PENSION - CAPITALIZATION
2172441 LIFE ANNUITY
Continuation of SUSEP Circular nº 517 of 2015.
135
2172442 TEMPORARY ANNUITY
2172443 TERM CERTAIN ANNUITY
217245 INCOME PLANS - DISABILITY - TERMINAL FUNDING
2172451 LIFE ANNUITY
2172452 TEMPORARY ANNUITY
2172453 TERM CERTAIN ANNUITY
217246 INCOME PLANS - DISABILITY - CAPITALIZATION
2172461 LIFE ANNUITY
2172462 TEMPORARY ANNUITY
2172463 TERM CERTAIN ANNUITY
217247 INCOME PLANS - RETIREMENT - CAPITALIZATION
2172471 LIFE ANNUITY
2172472 TEMPORARY ANNUITY
2172473 TERM CERTAIN ANNUITY
217248 OTHER
2172481 OTHER
21726 PROVISION FOR OUTSTANDING CLAIMS
217261 ADMINISTRATIVE INCOME (EXPENSES)
2172611 LUMP SUM PLAN - PAY-AS-YOU-GO
2172612 LUMP SUM PLAN - CAPITALIZATION
2172613 INCOME PLANS - PENSION - TERMINAL FUNDING
21726131 LIFE ANNUITY
21726132 TEMPORARY ANNUITY
21726133 TERM CERTAIN ANNUITY
2172614 INCOME PLANS - PENSION - CAPITALIZATION
21726141 LIFE ANNUITY
21726142 TEMPORARY ANNUITY
21726143 TERM CERTAIN ANNUITY
2172615 INCOME PLANS - DISABILITY - TERMINAL FUNDING
21726151 LIFE ANNUITY
21726152 TEMPORARY ANNUITY
21726153 TERM CERTAIN ANNUITY
2172616 INCOME PLANS - DISABILITY - CAPITALIZATION
21726161 LIFE ANNUITY
21726162 TEMPORARY ANNUITY
21726163 TERM CERTAIN ANNUITY
2172617 INCOME PLANS - RETIREMENT - CAPITALIZATION
21726171 LIFE ANNUITY
21726172 TEMPORARY ANNUITY
21726173 TERM CERTAIN ANNUITY
2172618 INCOME PLANS - MONTHLY PAYMENTS
217262 LEGAL EXPENSES
2172621 LUMP SUM PLAN - PAY-AS-YOU-GO
2172622 LUMP SUM PLAN - CAPITALIZATION
2172623 INCOME PLANS - PENSION - TERMINAL FUNDING
21726231 LIFE ANNUITY
21726232 TEMPORARY ANNUITY
21726233 TERM CERTAIN ANNUITY
2172624 INCOME PLANS - PENSION - CAPITALIZATION
21726241 LIFE ANNUITY
21726242 TEMPORARY ANNUITY
21726243 TERM CERTAIN ANNUITY
2172625 INCOME PLANS - DISABILITY - TERMINAL FUNDING
21726251 LIFE ANNUITY
Continuation of SUSEP Circular nº 517 of 2015.
136
21726252 TEMPORARY ANNUITY
21726253 TERM CERTAIN ANNUITY
2172626 INCOME PLANS - DISABILITY - CAPITALIZATION
21726261 LIFE ANNUITY
21726262 TEMPORARY ANNUITY
21726263 TERM CERTAIN ANNUITY
2172627 INCOME PLANS - RETIREMENT - CAPITALIZATION
21726271 LIFE ANNUITY
21726272 TEMPORARY ANNUITY
21726273 TERM CERTAIN ANNUITY
2172628 INCOME PLANS - MONTHLY PAYMENTS
217269 LIABILITY ADEQUACY TEST
21727 PROVISION FOR FINANCIAL SURPLUS
217271 PRIVATE SUPPLEMENTARY PENSION PLANS
21728 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
217281 ADMINISTRATIVE INCOME (EXPENSES)
2172811 LUMP SUM PLAN - PAY-AS-YOU-GO
2172812 LUMP SUM PLAN - CAPITALIZATION
2172813 INCOME PLANS - PENSION - TERMINAL FUNDING
21728131 LIFE ANNUITY
21728132 TEMPORARY ANNUITY
21728133 TERM CERTAIN ANNUITY
2172814 INCOME PLANS - PENSION - CAPITALIZATION
21728141 LIFE ANNUITY
21728142 TEMPORARY ANNUITY
21728143 TERM CERTAIN ANNUITY
2172815 INCOME PLANS - DISABILITY - TERMINAL FUNDING
21728151 LIFE ANNUITY
21728152 TEMPORARY ANNUITY
21728153 TERM CERTAIN ANNUITY
2172816 INCOME PLANS - DISABILITY - CAPITALIZATION
21728161 LIFE ANNUITY
21728162 TEMPORARY ANNUITY
21728163 TERM CERTAIN ANNUITY
2172817 INCOME PLANS - RETIREMENT - CAPITALIZATION
21728171 LIFE ANNUITY
21728172 TEMPORARY ANNUITY
21728173 TERM CERTAIN ANNUITY
2172818 INCOME PLANS - MONTHLY PAYMENTS
217282 LEGAL EXPENSES
2172821 LUMP SUM PLAN - PAY-AS-YOU-GO
2172822 LUMP SUM PLAN - CAPITALIZATION
2172823 INCOME PLANS - PENSION - TERMINAL FUNDING
21728231 LIFE ANNUITY
21728232 TEMPORARY ANNUITY
21728233 TERM CERTAIN ANNUITY
2172824 INCOME PLANS - PENSION - CAPITALIZATION
21728241 LIFE ANNUITY
21728242 TEMPORARY ANNUITY
21728243 TERM CERTAIN ANNUITY
2172825 INCOME PLANS - DISABILITY - TERMINAL FUNDING
21728251 LIFE ANNUITY
21728252 TEMPORARY ANNUITY
Continuation of SUSEP Circular nº 517 of 2015.
137
21728253 TERM CERTAIN ANNUITY
2172826 INCOME PLANS - DISABILITY - CAPITALIZATION
21728261 LIFE ANNUITY
21728262 TEMPORARY ANNUITY
21728263 TERM CERTAIN ANNUITY
2172827 INCOME PLANS - RETIREMENT - CAPITALIZATION
21728271 LIFE ANNUITY
21728272 TEMPORARY ANNUITY
21728273 TERM CERTAIN ANNUITY
2172828 INCOME PLANS - MONTHLY PAYMENTS
217289 LIABILITY ADEQUACY TEST
21729 OTHER TECHNICAL PROVISIONS - PRIVATE SUPPLEMENTARY PENSION
217291 PROVISION FOR RELATED EXPENSES
2172911 RELATED EXPENSES
217292 PROVISION FOR ADDITIONAL COVERAGE
217293 PROVISION FOR TECHNICAL SURPLUS
2172931 LUMP SUM PLAN - PAY-AS-YOU-GO
2172932 LUMP SUM PLAN - CAPITALIZATION
2172933 INCOME PLANS - PENSION - TERMINAL FUNDING
21729331 LIFE ANNUITY
21729332 TEMPORARY ANNUITY
21729333 TERM CERTAIN ANNUITY
2172934 INCOME PLANS - PENSION - CAPITALIZATION
21729341 LIFE ANNUITY
21729342 TEMPORARY ANNUITY
21729343 TERM CERTAIN ANNUITY
2172935 INCOME PLANS - DISABILITY - TERMINAL FUNDING
21729351 LIFE ANNUITY
21729352 TEMPORARY ANNUITY
21729353 TERM CERTAIN ANNUITY
2172936 INCOME PLANS - DISABILITY - CAPITALIZATION
21729361 LIFE ANNUITY
21729362 TEMPORARY ANNUITY
21729363 TERM CERTAIN ANNUITY
2172937 INCOME PLANS - RETIREMENT - CAPITALIZATION
21729371 LIFE ANNUITY
21729372 TEMPORARY ANNUITY
21729373 TERM CERTAIN ANNUITY
217294 PROVISION FOR REDEMPTIONS AND/OR OTHER AMOUNTS TO BE SETTLED
2172941 PORTABILITY TO BE SETTLED
21729412 LUMP SUM PLANS - CAPITALIZATION
21729414 INCOME PLANS - PENSION - CAPITALIZATION
21729416 INCOME PLANS - DISABILITY - CAPITALIZATION
21729417 INCOME PLANS - RETIREMENT - CAPITALIZATION
21729418 CONTRIBUTION PLANS
2172942 REDEMTIONS AND OTHER AMOUNTS TO BE SETTLED
21729421 LUMP SUM PLAN - PAY-AS-YOU-GO
21729422 LUMP SUM PLAN - CAPITALIZATION
21729423 INCOME PLANS - PENSION - TERMINAL FUNDING
217294231 LIFE ANNUITY
Continuation of SUSEP Circular nº 517 of 2015.
138
217294232 TEMPORARY ANNUITY
217294233 TERM CERTAIN ANNUITY
21729424 INCOME PLANS - PENSION - CAPITALIZATION
217294241 LIFE ANNUITY
217294242 TEMPORARY ANNUITY
217294243 TERM CERTAIN ANNUITY
21729425 INCOME PLANS - DISABILITY - TERMINAL FUNDING
217294251 LIFE ANNUITY
217294252 TEMPORARY ANNUITY
217294253 TERM CERTAIN ANNUITY
21729426 INCOME PLANS - DISABILITY - CAPITALIZATION
217294261 LIFE ANNUITY
217294262 TEMPORARY ANNUITY
217294263 TERM CERTAIN ANNUITY
21729427 INCOME PLANS - RETIREMENT - CAPITALIZATION
217294271 LIFE ANNUITY
217294272 TEMPORARY ANNUITY
217294273 TERM CERTAIN ANNUITY
21729428 VARIABLE CONTRIBUTION PLANS
217294281 P.G.B.L.
217298 OTHER PROVISIONS
2172981 OTHER PROVISIONS
218 TECHNICAL PROVISIONS – CAPITALIZATION
2181 PROVISION FOR REDEMPTIONS
21811 MATHEMATICAL PROVISION FOR CAPITALIZATION
218111 SAVINGS BONDS - SINGLE PAYMENT
218112 SAVINGS BONDS - MONTHLY PAYMENTS
218113 SAVINGS BONDS - PERIODIC PAYMENTS
21812 PROVISION FOR EARLY REDEMPTION OF SECURITIES
218121 SAVINGS BONDS - SINGLE PAYMENT
218122 SAVINGS BONDS - MONTHLY PAYMENTS
218123 SAVINGS BONDS - PERIODIC PAYMENTS
21813 PROVISION FOR REDEMPTION OF OVERDUE SECURITIES
218131 SAVINGS BONDS - SINGLE PAYMENT
218132 SAVINGS BONDS - MONTHLY PAYMENTS
218133 SAVINGS BONDS - PERIODIC PAYMENTS
2182 PROVISION FOR PRIZE DRAWS
21821 PROVISION FOR PRIZE DRAWS TO BE HELD
218211 SAVINGS BONDS - SINGLE PAYMENT
218212 SAVINGS BONDS - MONTHLY PAYMENTS
218213 SAVINGS BONDS - PERIODIC PAYMENTS
21822 PROVISION FOR PRIZES PAYABLE
218221 SAVINGS BONDS - SINGLE PAYMENT
218222 SAVINGS BONDS - MONTHLY PAYMENTS
218223 SAVINGS BONDS - PERIODIC PAYMENTS
2183 PROVISION FOR ADMINISTRATIVE EXPENSES
Continuation of SUSEP Circular nº 517 of 2015.
139
218311 SAVINGS BONDS - SINGLE PAYMENT
218312 SAVINGS BONDS - MONTHLY PAYMENTS
218313 SAVINGS BONDS - PERIODIC PAYMENTS
2184 PROVISION FOR PRIZE DRAW SUPPLEMENT
218411 SAVINGS BONDS - SINGLE PAYMENT
218412 SAVINGS BONDS - MONTHLY PAYMENTS
218413 SAVINGS BONDS - PERIODIC PAYMENTS
2185 PROVISION FOR BONUS PAYOUT
218511 SAVINGS BONDS - SINGLE PAYMENT
218512 SAVINGS BONDS - MONTHLY PAYMENTS
218513 SAVINGS BONDS - PERIODIC PAYMENTS
2188 OTHER TECHNICAL PROVISIONS
21881 SAVINGS BONDS - SINGLE PAYMENT
21882 SAVINGS BONDS - MONTHLY PAYMENTS
21883 SAVINGS BONDS - PERIODIC PAYMENTS
219 OTHER DEBITS
2191 LINKED TO FINANCIAL DERIVATIVES
21911 FORWARD MARKET
21912 FUTURES AND OPTIONS MARKETS
21914 SWAP TRANSACTIONS
2192 TAX LIABILITIES
21921 TAX LIABILITIES
2193 PROVISIONS FOR LABOR CONTINGENCIES
21931 PROVISIONS FOR LABOR CONTINGENCIES
2194 PROVISIONS FOR CIVIL CONTINGENCIES
21941 PROVISIONS FOR CIVIL CONTINGENCIES
2195 INCOME TO BE DEFERRED - SAVINGS BONDS
21951 SAVINGS BONDS - SINGLE PAYMENT
2198 OTHER PROVISIONS
21981 OTHER PROVISIONS
2199 SUNDRY DEBITS
21991 OTHER DEBITS
21992 DEFERRED INCOME
219921 OPERATING INCOME (EXPENSES)
2199211 DEFERRED OPERATING INCOME
219922 ADMINISTRATIVE INCOME (EXPENSES)
2199221 DEFERRED ADMINISTRATIVE INCOME
219928 OTHER EARNINGS
22 NON-CURRENT LIABILITIES
221 ACCOUNTS PAYABLE
Continuation of SUSEP Circular nº 517 of 2015.
140
2211 LIABILITIES PAYABLE
22111 PURCHASE LIABILITIES
22119 OTHER LIABILITIES PAYABLE
2212 DEFERRED TAXES
22121 INCOME TAX
22122 SOCIAL CONTRIBUTION
22123 TAXES ON REVALUATION RESERVES
22124 SOCIAL CONTRIBUTION ON REVALUATION RESERVES
22125 OTHER TAXES
22129 OTHER CONTRIBUTIONS
2213 LOANS
22131 MORTGAGE LOANS
22132 BANK LOANS
22139 OTHER LOANS
2214 FINANCING
22141 FINANCING FOR ASSET ACQUISITION
22149 OTHER FINANCING
2218 OTHER ACCOUNTS PAYABLE
22181 OTHER ACCOUNTS PAYABLE
222 OPERATING DEBITS
2221 INSURERS
22211 ACCEPTED CO-INSURANCE
222111 PREMIUMS
222114 CLAIMS
222115 SALES EXPENSES
222118 OTHER DEBITS
22212 CEDED CO-INSURANCE ISSUED
222121 PREMIUMS
222123 UNEARNED INTEREST
22213 CEDED CO-INSURANCE TO BE SETTLED
222131 PREMIUMS NET OF COMMISSIONS
222134 CLAIMS
222135 SALES EXPENSES
222138 OTHER DEBITS
22214 REINSURANCE ACCEPTED
222141 LOCAL REINSURER
2221411 PREMIUMS
2221414 CLAIMS
2221418 OTHER DEBITS
222142 ADMITTED REINSURER
2221421 PREMIUMS
2221424 CLAIMS
2221428 OTHER DEBITS
222143 EVENTUAL REINSURER
2221431 PREMIUMS
2221434 CLAIMS
2221438 OTHER DEBITS
22216 RETROCESSIONS
222161 LOCAL REINSURER
Continuation of SUSEP Circular nº 517 of 2015.
141
2221611 PREMIUMS
2221614 CLAIMS
2221618 OTHER DEBITS
222162 ADMITTED REINSURER
2221621 PREMIUMS
2221624 CLAIMS
2221628 OTHER DEBITS
222163 EVENTUAL REINSURER
2221631 PREMIUMS
2221634 CLAIMS
2221638 OTHER DEBITS
22217 INSURERS - TURNOVER OF ACCOUNT ABROAD
22218 PORTFOLIO TRANSFER - INSURANCE
2222 REINSURERS
22221 REINSURANCE CEDED - LOCAL REINSURER
222211 PREMIUMS
2222111 PREMIUMS
2222112 COMMISSIONS
22222 REINSURANCE TO BE SETTLED - LOCAL REINSURER
222221 PREMIUMS
2222211 PREMIUMS
2222212 COMMISSIONS
222224 CLAIMS
222228 OTHER DEBITS
22223 REINSURANCE CEDED - ADMITTED REINSURER
222231 PREMIUMS
2222311 PREMIUMS
2222312 COMMISSIONS
22224 REINSURANCE TO BE SETTLED - ADMITTED REINSURER
222241 PREMIUMS
2222411 PREMIUMS
2222412 COMMISSIONS
222244 CLAIMS
222248 OTHER DEBITS
22225 REINSURANCE CEDED - EVENTUAL REINSURER
222251 PREMIUMS
2222511 PREMIUMS
2222512 COMMISSIONS
22226 REINSURANCE TO BE SETTLED - EVENTUAL REINSURER
222261 PREMIUMS
2222611 PREMIUMS
2222612 COMMISSIONS
222264 CLAIMS
222268 OTHER DEBITS
22227 RETROCESSIONS CEDED
222271 LOCAL REINSURER
2222711 ACTUAL
22227111 ACTUAL PREMIUMS
22227112 (-) ACTUAL COMMISSIONS
2222712 ESTIMATED
22227121 ESTIMATED PREMIUMS
22227122 (-) ESTIMATED COMMISSIONS
2222713 RENI
22227131 PREMIUMS RENI
Continuation of SUSEP Circular nº 517 of 2015.
142
22227132 (-) COMMISSIONS RENI
2222714 CLAIMS
2222715 OTHER DEBITS
222272 ADMITTED REINSURER
2222721 ACTUAL
22227211 ACTUAL PREMIUMS
22227212 (-) ACTUAL COMMISSIONS
2222722 ESTIMATED
22227221 ESTIMATED PREMIUMS
22227222 (-) ESTIMATED COMMISSIONS
2222723 RENI
22227231 PREMIUMS - RENI
22227232 (-) COMMISSIONS - RENI
2222724 CLAIMS
2222725 OTHER DEBITS
222273 EVENTUAL REINSURER
2222731 ACTUAL
22227311 ACTUAL PREMIUMS
22227312 (-) ACTUAL COMMISSIONS
2222732 ESTIMATED
22227321 ESTIMATED PREMIUMS
22227322 (-) ESTIMATED COMMISSIONS
2222733 RENI
22227331 PREMIUMS - RENI
22227332 (-) COMMISSIONS - RENI
222274 CLAIMS
222278 OTHER DEBITS
2223 INSURANCE AND REINSURANCE BROKERS
22231 COMMISSIONS PAYABLE - INSURANCE
22232 COMMISSIONS PAYABLE - REINSURANCE
2224 COMMISSIONS AND INTEREST ON PREMIUMS ISSUED
22241 INSURANCE
222411 COMMISSIONS
222412 UNEARNED INTEREST
22242 ACCEPTED CO-INSURANCE
222421 COMMISSIONS
222422 UNEARNED INTEREST
22243 REINSURANCE ACCEPTED - LOCAL REINSURER
222431 COMMISSIONS
222432 UNEARNED INTEREST
22244 REINSURANCE ACCEPTED - ADMITTED REINSURER
222441 COMMISSIONS
222442 UNEARNED INTEREST
22245 REINSURANCE ACCEPTED - EVENTUAL REINSURER
222451 COMMISSIONS
222452 UNEARNED INTEREST
22246 RETROCESSIONS
222461 REINSURER - LOCAL
222462 REINSURER - ADMITTED
222463 REINSURER - EVENTUAL
2225 OTHER OPERATING DEBITS
22258 OTHER DEBITS
Continuation of SUSEP Circular nº 517 of 2015.
143
2226 REINSURANCE TRANSACTIONS AND TRANSFERS - PRIVATE SUPPLEMENTARY PENSION
22261 PRIVATE SUPPLEMENTARY PENSION REINSURANCE DEBITS
222611 CONTRIBUTIONS TO BE TRANSFERRED
2226111 LOCAL REINSURER
2226112 ADMITTED REINSURER
2226113 EVENTUAL REINSURER
222612 BENEFITS TO BE RETURNED
2226121 LOCAL REINSURER
2226122 ADMITTED REINSURER
2226123 EVENTUAL REINSURER
222618 OTHER PRIVATE SUPPLEMENTARY PENSION REINSURANCE DEBITS
2226181 LOCAL REINSURER
2226182 ADMITTED REINSURER
2226183 EVENTUAL REINSURER
22262 PRIVATE SUPPLEMENTARY PENSION TRANSFERS
222621 TRANSFERRED CONTRIBUTIONS PAYABLE
2226211 PRIVATE SUPPLEMENTARY PENSION ENTITIES
2226212 INSURERS
2226218 OTHER INSTITUTIONS
222622 TRANSFERRED BENEFITS PAYABLE
2226221 PRIVATE SUPPLEMENTARY PENSION ENTITIES
2226222 INSURERS
2226228 OTHER INSTITUTIONS
222627 PORTFOLIO TRANSFER - PRIVATE SUPPLEMENTARY PENSION
222628 OTHER PRIVATE SUPPLEMENTARY PENSION TRANSFER DEBITS
2226281 PRIVATE SUPPLEMENTARY PENSION ENTITIES
2226282 INSURERS
2226288 OTHER INSTITUTIONS
2227 OTHER OPERATING DEBITS - PRIVATE SUPPLEMENTARY PENSION
22271 OTHER OPERATING DEBITS DE PRIVATE SUPPLEMENTARY PENSION
2228 OPERATING DEBITS - CAPITALIZATION
22281 DEBITS FROM CAPITALIZATION TRANSACTIONS
222811 SAVINGS BONDS - SINGLE PAYMENT
222812 SAVINGS BONDS - MONTHLY PAYMENTS
222813 SAVINGS BONDS - PERIODIC PAYMENTS
223 TECHNICAL PROVISIONS – INSURANCE E REINSURANCE
2231 TECHNICAL PROVISIONS - PROPERTY
22311 PROVISION FOR UNEARNED PREMIUMS
223111 DIRECT
2231111 RISK ON POLICIES ISSUED
2231112 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
223112 ACCEPTED CO-INSURANCE
223115 PROVISION FOR UNEARNED PREMIUMS - PORTFOLIO TRANSFER
2231151 PORTFOLIO TRANSFER - PREMIUM
2231152 PORTFOLIO TRANSFER - DISCOUNT
223116 RETROCESSIONS
2231161 LOCAL REINSURER
2231162 ADMITTED REINSURER
2231163 EVENTUAL REINSURER
Continuation of SUSEP Circular nº 517 of 2015.
144
223117 INTERNATIONAL TRANSACTIONS
223118 BRANCHES ABROAD
22313 PROVISION FOR ADDITIONAL COVERAGE
223131 LIABILITY ADEQUACY TEST
22315 PROVISION FOR OUTSTANDING CLAIMS
223151 ADMINISTRATIVE INCOME (EXPENSES)
2231511 DIRECT
2231512 ACCEPTED CO-INSURANCE
2231516 RETROCESSIONS
22315161 LOCAL REINSURER
22315162 ADMITTED REINSURER
22315163 EVENTUAL REINSURER
2231517 INTERNATIONAL TRANSACTIONS
2231518 BRANCHES ABROAD
223152 LEGAL EXPENSES
2231521 DIRECT
2231522 ACCEPTED CO-INSURANCE
2231526 RETROCESSIONS
22315261 LOCAL REINSURER
22315262 ADMITTED REINSURER
22315263 EVENTUAL REINSURER
2231527 INTERNATIONAL TRANSACTIONS
2231528 BRANCHES ABROAD
223154 RECOVERY OF CO-INSURANCE CEDED
223155 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
223159 LIABILITY ADEQUACY TEST
22316 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
223161 ADMINISTRATIVE INCOME (EXPENSES)
2231611 DIRECT
2231612 ACCEPTED CO-INSURANCE
2231616 RETROCESSIONS
22316161 LOCAL REINSURER
22316162 ADMITTED REINSURER
22316163 EVENTUAL REINSURER
2231617 INTERNATIONAL TRANSACTIONS
2231618 BRANCHES ABROAD
223162 LEGAL EXPENSES
2231621 DIRECT
2231622 ACCEPTED CO-INSURANCE
2231626 RETROCESSIONS
22316261 LOCAL REINSURER
22316262 ADMITTED REINSURER
22316263 EVENTUAL REINSURER
2231627 INTERNATIONAL TRANSACTIONS
2231628 BRANCHES ABROAD
223163 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
223169 LIABILITY ADEQUACY TEST
22317 PROVISION FOR RELATED EXPENSES
223171 ADMINISTRATIVE INCOME (EXPENSES)
2231711 DIRECT
2231712 ACCEPTED CO-INSURANCE
Continuation of SUSEP Circular nº 517 of 2015.
145
2231716 RETROCESSIONS
22317161 LOCAL REINSURER
22317162 ADMITTED REINSURER
22317163 EVENTUAL REINSURER
2231717 INTERNATIONAL TRANSACTIONS
2231718 BRANCHES ABROAD
223172 LEGAL EXPENSES
2231721 DIRECT
2231722 ACCEPTED CO-INSURANCE
2231726 RETROCESSIONS
22317261 LOCAL REINSURER
22317262 ADMITTED REINSURER
22317263 EVENTUAL REINSURER
2231727 INTERNATIONAL TRANSACTIONS
2231728 BRANCHES ABROAD
223173 EXPENSES RELATED TO IBNR
223174 RECOVERY OF CO-INSURANCE CEDED
223179 OTHER
22319 OTHER PROVISIONS
223192 OTHER PROVISIONS
2231921 DIRECT
2231922 ACCEPTED CO-INSURANCE
2231924 RETROCESSIONS
22319241 LOCAL REINSURER
22319242 ADMITTED REINSURER
22319243 EVENTUAL REINSURER
2231925 INTERNATIONAL TRANSACTIONS
2231928 BRANCHES ABROAD
223193 PROVISION FOR ADMINISTRATIVE EXPENSES - DPVAT
2232 TECHNICAL PROVISIONS - PERSONAL
22321 PROVISION FOR UNEARNED PREMIUMS
223211 DIRECT
2232111 RISK ON POLICIES ISSUED
2232112 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
223212 ACCEPTED CO-INSURANCE
223215 PROVISION FOR UNEARNED PREMIUMS - PORTFOLIO TRANSFER
2232151 PORTFOLIO TRANSFER - PREMIUM
2232152 PORTFOLIO TRANSFER - DISCOUNT
223216 RETROCESSIONS
2232161 LOCAL REINSURER
2232162 ADMITTED REINSURER
2232163 EVENTUAL REINSURER
223217 INTERNATIONAL TRANSACTIONS
223218 BRANCHES ABROAD
22323 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
223231 DIRECT
2232311 INCOME FROM RANDOM EVENTS
2232312 REDEMPTION
2232318 OTHER
Continuation of SUSEP Circular nº 517 of 2015.
146
223232 ACCEPTED CO-INSURANCE
2232321 INCOME FROM RANDOM EVENTS
2232322 REDEMPTION
2232328 OTHER
223236 RETROCESSIONS
2232361 LOCAL REINSURER
2232362 ADMITTED REINSURER
2232368 EVENTUAL REINSURER
223237 INTERNATIONAL TRANSACTIONS
2232371 INCOME FROM RANDOM EVENTS
2232372 REDEMPTION
2232378 OTHER
223238 BRANCHES ABROAD
2232381 INCOME FROM RANDOM EVENTS
2232382 REDEMPTION
2232388 OTHER
22324 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
223241 DIRECT
223242 ACCEPTED CO-INSURANCE
223244 RECOVERY OF CO-INSURANCE CEDED
223246 RETROCESSIONS
2232461 LOCAL REINSURER
2232462 ADMITTED REINSURER
2232463 EVENTUAL REINSURER
223247 INTERNATIONAL TRANSACTIONS
223248 BRANCHES ABROAD
22325 PROVISION FOR OUTSTANDING CLAIMS
223251 ADMINISTRATIVE INCOME (EXPENSES)
2232511 DIRECT
2232512 ACCEPTED CO-INSURANCE
2232516 RETROCESSIONS
22325161 LOCAL REINSURER
22325162 ADMITTED REINSURER
22325163 EVENTUAL REINSURER
2232517 INTERNATIONAL TRANSACTIONS
2232518 BRANCHES ABROAD
223252 LEGAL EXPENSES
2232521 DIRECT
2232522 ACCEPTED CO-INSURANCE
2232526 RETROCESSIONS
22325261 LOCAL REINSURER
22325262 ADMITTED REINSURER
22325263 EVENTUAL REINSURER
2232527 INTERNATIONAL TRANSACTIONS
2232528 BRANCHES ABROAD
223254 RECOVERY OF CO-INSURANCE CEDED
223255 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
223259 LIABILITY ADEQUACY TEST
22326 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
223261 ADMINISTRATIVE
2232611 DIRECT
2232612 ACCEPTED CO-INSURANCE
Continuation of SUSEP Circular nº 517 of 2015.
147
2232616 RETROCESSIONS
22326161 LOCAL REINSURER
22326162 ADMITTED REINSURER
22326163 EVENTUAL REINSURER
2232617 INTERNATIONAL TRANSACTIONS
2232618 BRANCHES ABROAD
223262 LEGAL EXPENSES
2232621 DIRECT
2232622 ACCEPTED CO-INSURANCE
2232626 RETROCESSIONS
22326261 LOCAL REINSURER
22326262 ADMITTED REINSURER
22326263 EVENTUAL REINSURER
2232627 INTERNATIONAL TRANSACTIONS
2232628 BRANCHES ABROAD
223263 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
223269 LIABILITY ADEQUACY TEST
22327 PROVISION FOR ADDITIONAL COVERAGE
223271 LIABILITY ADEQUACY TEST
22328 PROVISION FOR RELATED EXPENSES
223281 ADMINISTRATIVE
2232811 DIRECT
2232812 ACCEPTED CO-INSURANCE
2232816 RETROCESSIONS
22328161 LOCAL REINSURER
22328162 ADMITTED REINSURER
22328163 EVENTUAL REINSURER
2232817 INTERNATIONAL TRANSACTIONS
2232818 BRANCHES ABROAD
223282 LEGAL EXPENSES
2232821 DIRECT
2232822 ACCEPTED CO-INSURANCE
2232826 RETROCESSIONS
22328261 LOCAL REINSURER
22328262 ADMITTED REINSURER
22328263 EVENTUAL REINSURER
2232827 INTERNATIONAL TRANSACTIONS
2232828 BRANCHES ABROAD
223283 EXPENSES RELATED TO IBNR
223284 RECOVERY OF CO-INSURANCE CEDED
223289 OTHER
22329 OTHER PROVISIONS
223291 OTHER PROVISIONS
2232911 DIRECT
2232912 ACCEPTED CO-INSURANCE
2232914 RETROCESSIONS
22329141 LOCAL REINSURER
22329142 ADMITTED REINSURER
22329143 EVENTUAL REINSURER
2232915 INTERNATIONAL TRANSACTIONS
2232918 BRANCHES ABROAD
Continuation of SUSEP Circular nº 517 of 2015.
148
2233 TECHNICAL PROVISIONS - LIFE - INDIVIDUAL AND LIFE - WITH SURVIVOR COVERAGE
22331 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
223311 SINGLE PAYMENT UPON DEATH - CAPITALIZATION
223312 PAYMENTS TO SURVIVORS - INCOME - CAPITALIZATION
2233121 LIFE ANNUITY
2233122 TEMPORARY ANNUITY
2233123 TERM CERTAIN ANNUITY
223313 PAYMENT POR DISABILITY - INCOME - CAPITALIZATION
2233131 LIFE ANNUITY
2233132 TEMPORARY ANNUITY
2233133 TERM CERTAIN ANNUITY
223314 PAYMENT UPON DEATH - INCOME - CAPITALIZATION
2233141 LIFE ANNUITY
2233142 TEMPORARY ANNUITY
2233143 TERM CERTAIN ANNUITY
223315 BENEFIT GENERATOR LIFE INSURANCE
2233151 BENEFIT GENERATOR LIFE INSURANCE
223318 OTHER
2233181 OTHER
22332 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
223321 PAYMENT UPON DEATH - TERMINAL FUNDING
2233211 LIFE ANNUITY
2233212 TEMPORARY ANNUITY
2233213 TERM CERTAIN ANNUITY
223322 PAYMENT POR DISABILITY - INCOME - TERMINAL FUNDING
2233221 LIFE ANNUITY
2233222 TEMPORARY ANNUITY
2233223 TERM CERTAIN ANNUITY
223323 PAYMENT UPON DEATH - INCOME - CAPITALIZATION
2233231 LIFE ANNUITY
2233232 TEMPORARY ANNUITY
2233233 TERM CERTAIN ANNUITY
223324 PAYMENT POR DISABILITY - INCOME - CAPITALIZATION
2233241 LIFE ANNUITY
2233242 TEMPORARY ANNUITY
2233243 TERM CERTAIN ANNUITY
223325 PAYMENTS TO SURVIVORS - INCOME - CAPITALIZATION
2233251 LIFE ANNUITY
2233252 TEMPORARY ANNUITY
2233253 TERM CERTAIN ANNUITY
223326 BENEFIT GENERATOR LIFE INSURANCE
2233261 BENEFIT GENERATOR LIFE INSURANCE
223328 OTHER
2233281 OTHER
22333 PROVISION FOR UNEARNED PREMIUMS
223331 PAYMENT UPON DEATH - PAY-AS-YOU-GO
2233311 RISK ON POLICIES ISSUED
2233312 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
223332 PAYMENTS TO SURVIVORS - INCOME - TERMINAL FUNDING
2233321 LIFE ANNUITY
22333211 RISK ON POLICIES ISSUED
Continuation of SUSEP Circular nº 517 of 2015.
149
22333212 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2233322 TEMPORARY ANNUITY
22333221 RISK ON POLICIES ISSUED
22333222 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2233323 TERM CERTAIN ANNUITY
22333231 RISK ON POLICIES ISSUED
22333232 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
223333 PAYMENT POR DISABILITY - TERMINAL FUNDING
2233331 LIFE ANNUITY
22333311 RISK ON POLICIES ISSUED
22333312 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2233332 TEMPORARY ANNUITY
22333321 RISK ON POLICIES ISSUED
22333322 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2233333 TERM CERTAIN ANNUITY
22333331 RISK ON POLICIES ISSUED
22333332 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
22335 PROVISION FOR FINANCIAL SURPLUS
223351 INDIVIDUAL LIFE INSURANCE
22336 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
223361 ADMINISTRATIVE INCOME (EXPENSES)
2233611 INSURANCE
2233612 ACCEPTED CO-INSURANCE
2233613 REINSURANCE
22336131 LOCAL REINSURER
22336132 ADMITTED REINSURER
22336133 EVENTUAL REINSURER
2233616 RETROCESSIONS
22336161 LOCAL REINSURER
22336162 ADMITTED REINSURER
22336163 EVENTUAL REINSURER
2233617 INTERNATIONAL TRANSACTIONS
2233618 BRANCHES ABROAD
223362 LEGAL EXPENSES
2233621 INSURANCE
2233622 ACCEPTED CO-INSURANCE
2233623 REINSURANCE
22336231 LOCAL REINSURER
22336232 ADMITTED REINSURER
22336233 EVENTUAL REINSURER
2233626 RETROCESSIONS
22336261 LOCAL REINSURER
22336262 ADMITTED REINSURER
22336263 EVENTUAL REINSURER
2233627 INTERNATIONAL TRANSACTIONS
2233628 BRANCHES ABROAD
223363 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
223369 LIABILITY ADEQUACY TEST
22338 PROVISION FOR OUTSTANDING CLAIMS
223381 ADMINISTRATIVE INCOME (EXPENSES)
2233811 INSURANCE
2233812 ACCEPTED CO-INSURANCE
Continuation of SUSEP Circular nº 517 of 2015.
150
2233816 RETROCESSIONS
22338161 LOCAL REINSURER
22338162 ADMITTED REINSURER
22338163 EVENTUAL REINSURER
2233817 INTERNATIONAL TRANSACTIONS
2233818 BRANCHES ABROAD
223382 LEGAL EXPENSES
2233821 INSURANCE
2233822 ACCEPTED CO-INSURANCE
2233826 RETROCESSIONS
22338261 LOCAL REINSURER
22338262 ADMITTED REINSURER
22338263 EVENTUAL REINSURER
2233827 INTERNATIONAL TRANSACTIONS
2233828 BRANCHES ABROAD
223383 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
223389 LIABILITY ADEQUACY TEST
22339 OTHER PROVISIONS
223391 PROVISION FOR TECHNICAL SURPLUS
2233911 SINGLE PAYMENT UPON DEATH - PAY-AS-YOU-GO
2233912 SINGLE PAYMENT UPON DEATH - CAPITALIZATION
2233913 PAYMENT UPON DEATH - INCOME - TERMINAL FUNDING
22339131 LIFE ANNUITY
22339132 TEMPORARY ANNUITY
22339133 TERM CERTAIN ANNUITY
2233914 PAYMENT UPON DEATH - INCOME - CAPITALIZATION
22339141 LIFE ANNUITY
22339142 TEMPORARY ANNUITY
22339143 TERM CERTAIN ANNUITY
2233915 PAYMENT POR DISABILITY - INCOME - TERMINAL FUNDING
22339151 LIFE ANNUITY
22339152 TEMPORARY ANNUITY
22339153 TERM CERTAIN ANNUITY
2233916 PAYMENT POR DISABILITY - INCOME - CAPITALIZATION
22339161 LIFE ANNUITY
22339162 TEMPORARY ANNUITY
22339163 TERM CERTAIN ANNUITY
2233917 PAYMENTS TO SURVIVORS - INCOME - CAPITALIZATION
22339171 LIFE ANNUITY
22339172 TEMPORARY ANNUITY
22339173 TERM CERTAIN ANNUITY
223393 PROVISION FOR RELATED EXPENSES
223394 PROVISION FOR REDEMPTIONS AND/OR OTHER AMOUNTS TO BE SETTLED
2233941 INSURANCE
2233942 ACCEPTED CO-INSURANCE
2233946 RETROCESSIONS
22339461 LOCAL REINSURER
22339462 ADMITTED REINSURER
22339463 EVENTUAL REINSURER
2233947 INTERNATIONAL TRANSACTIONS
2233948 BRANCHES ABROAD
223395 PROVISION FOR ADDITIONAL COVERAGE
223398 OTHER PROVISIONS
2233981 OTHER PROVISIONS
Continuation of SUSEP Circular nº 517 of 2015.
151
2234 TECHNICAL PROVISIONS - REINSURER
22341 PROVISION FOR UNEARNED PREMIUMS
223411 DIRECT
2234111 ACTUAL RISK ON POLICIES ISSUED
22341111 ACTUAL DEFERRED PREMIUMS
22341112 (-) ACTUAL DEFERRED COMMISSIONS
2234112 ESTIMATED RISK ON POLICIES ISSUED
22341121 ESTIMATED DEFERRED PREMIUMS
22341122 (-) ESTIMATED DEFERRED COMMISSIONS
2234113 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
22341131 DEFERRED PREMIUMS - RENI
22341132 (-) DEFERRED COMMISSIONS - RENI
223412 ACCEPTED RETROCESSIONS
2234121 LOCAL REINSURER
22341211 ACTUAL RISK ON POLICIES ISSUED
223412111 ACTUAL DEFERRED PREMIUMS
223412112 (-) ACTUAL DEFERRED COMMISSIONS
22341212 ESTIMATED RISK ON POLICIES ISSUED
223412121 ESTIMATED DEFERRED PREMIUMS
223412122 (-) ESTIMATED DEFERRED COMMISSIONS
22341213 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
223412131 DEFERRED PREMIUMS - RENI
223412132 (-) DEFERRED COMMISSIONS - RENI
2234122 ADMITTED REINSURER
22341221 ACTUAL RISK ON POLICIES ISSUED
223412211 ACTUAL DEFERRED PREMIUMS
223412212 (-) ACTUAL DEFERRED COMMISSIONS
22341222 ESTIMATED RISK ON POLICIES ISSUED
223412221 ESTIMATED DEFERRED PREMIUMS
223412222 (-) ESTIMATED DEFERRED COMMISSIONS
22341223 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
223412231 DEFERRED PREMIUMS - RENI
223412232 (-) DEFERRED COMMISSIONS - RENI
2234123 EVENTUAL REINSURER
22341231 ACTUAL RISK ON POLICIES ISSUED
223412311 ACTUAL DEFERRED PREMIUMS
223412312 (-) ACTUAL DEFERRED COMMISSIONS
22341232 ESTIMATED RISK ON POLICIES ISSUED
223412321 ESTIMATED DEFERRED PREMIUMS
223412322 (-) ESTIMATED DEFERRED COMMISSIONS
22341233 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
223412331 DEFERRED PREMIUMS - RENI
223412332 (-) DEFERRED COMMISSIONS - RENI
223419 BRANCHES ABROAD
22343 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
223431 DIRECT
2234311 INCOME FROM RANDOM EVENTS
2234312 REDEMPTION
2234318 OTHER
223432 ACCEPTED RETROCESSIONS
2234321 LOCAL REINSURER
Continuation of SUSEP Circular nº 517 of 2015.
152
2234322 ADMITTED REINSURER
2234328 EVENTUAL REINSURER
223437 BRANCHES ABROAD
22344 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
223441 DIRECT
223442 ACCEPTED RETROCESSIONS
2234421 LOCAL REINSURER
2234422 ADMITTED REINSURER
2234423 EVENTUAL REINSURER
223447 BRANCHES ABROAD
22345 PROVISION FOR OUTSTANDING CLAIMS
223451 ADMINISTRATIVE INCOME (EXPENSES)
2234511 DIRECT
2234512 ACCEPTED RETROCESSIONS
22345121 LOCAL REINSURER
22345122 ADMITTED REINSURER
22345123 EVENTUAL REINSURER
223452 LEGAL EXPENSES
2234521 DIRECT
2234522 ACCEPTED RETROCESSIONS
22345221 LOCAL REINSURER
22345222 ADMITTED REINSURER
22345223 EVENTUAL REINSURER
223453 IBNAR
2234531 ADMINISTRATIVE INCOME (EXPENSES)
22345311 DIRECT
22345312 RETROCESSION ACEITAS
223453121 LOCAL REINSURER
223453122 ADMITTED REINSURER
223453123 EVENTUAL REINSURER
2234532 LEGAL EXPENSES
22345321 DIRECT
22345322 ACCEPTED RETROCESSIONS
223453221 LOCAL REINSURER
223453222 ADMITTED REINSURER
223453223 EVENTUAL REINSURER
223454 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
223457 BRANCHES ABROAD
223459 LIABILITY ADEQUACY TEST
22347 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
223471 ADMINISTRATIVE INCOME (EXPENSES)
2234711 DIRECT
2234712 ACCEPTED RETROCESSIONS
22347121 LOCAL REINSURER
22347122 ADMITTED REINSURER
22347123 EVENTUAL REINSURER
223472 LEGAL EXPENSES
2234721 DIRECT
2234722 ACCEPTED RETROCESSIONS
22347221 LOCAL REINSURER
22347222 ADMITTED REINSURER
22347223 EVENTUAL REINSURER
Continuation of SUSEP Circular nº 517 of 2015.
153
223473 (-) ESTIMATED SALVAGE AND REIMBURSEMENTS
223477 BRANCHES ABROAD
223479 LIABILITY ADEQUACY TEST
22349 OTHER TECHNICAL PROVISIONS
223493 PROVISION FOR TECHNICAL SURPLUS
2234931 DIRECT
22349311 STAGGERED COMMISSIONS
22349312 PROFIT SHARING
2234932 ACCEPTED RETROCESSIONS
22349321 LOCAL REINSURER
22349322 ADMITTED REINSURER
22349323 EVENTUAL REINSURER
2234937 BRANCHES ABROAD
223494 PROVISION FOR FINANCIAL SURPLUS
2234941 DIRECT
2234942 ACCEPTED RETROCESSIONS
22349421 LOCAL REINSURER
22349422 ADMITTED REINSURER
22349423 EVENTUAL REINSURER
2234947 BRANCHES ABROAD
223495 PROVISION FOR ADDITIONAL COVERAGE
2234951 DIRECT
2234952 ACCEPTED RETROCESSIONS
22349521 LOCAL REINSURER
22349522 ADMITTED REINSURER
22349523 EVENTUAL REINSURER
2234957 BRANCHES ABROAD
223496 PROVISION FOR RELATED EXPENSES
2234961 ADMINISTRATIVE INCOME (EXPENSES)
22349611 DIRECT
22349612 ACCEPTED RETROCESSIONS
223496121 LOCAL REINSURER
223496122 ADMITTED REINSURER
223496123 EVENTUAL REINSURER
2234962 LEGAL EXPENSES
22349621 DIRECT
22349622 ACCEPTED RETROCESSIONS
223496221 LOCAL REINSURER
223496222 ADMITTED REINSURER
223496223 EVENTUAL REINSURER
2234964 RECOVERY OF CO-INSURANCE CEDED
2234967 BRANCHES ABROAD
2234968 EXPENSES RELATED TO IBNR
2234969 OTHER
223498 OTHER TECHNICAL PROVISIONS
2234981 DIRECT
2234982 ACCEPTED RETROCESSIONS
22349821 LOCAL REINSURER
Continuation of SUSEP Circular nº 517 of 2015.
154
22349822 ADMITTED REINSURER
22349823 EVENTUAL REINSURER
2234987 BRANCHES ABROAD
224 TECHNICAL PROVISIONS - PRIVATE SUPPLEMENTARY PENSION
2241 FROZEN PLANS
22411 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
224112 PROVISION FOR LUMP SUM PLANS - CAPITALIZATION
224114 INCOME PLANS - PENSION - CAPITALIZATION
224116 INCOME PLANS - DISABILITY - CAPITALIZATION
224117 INCOME PLANS - RETIREMENT - CAPITALIZATION
22412 PROVISION FOR UNEARNED PREMIUMS
224121 LUMP SUM PLANS - PAY-AS-YOU-GO
2241211 RISK ON POLICIES ISSUED
2241212 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
224123 INCOME PLANS - PENSION - TERMINAL FUNDING
2241231 RISK ON POLICIES ISSUED
2241232 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
224125 INCOME PLANS - DISABILITY - TERMINAL FUNDING
2241251 RISK ON POLICIES ISSUED
2241252 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
22414 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
224143 INCOME PLANS - PENSION - TERMINAL FUNDING
224144 INCOME PLANS - PENSION - CAPITALIZATION
224145 INCOME PLANS - DISABILITY - TERMINAL FUNDING
224146 INCOME PLANS - DISABILITY - CAPITALIZATION
224147 INCOME PLANS - RETIREMENT - CAPITALIZATION
22419 OTHER TECHNICAL PROVISIONS
224192 PROVISION FOR RELATED EXPENSES
224193 PROVISION FOR ADDITIONAL COVERAGE
224199 OTHER PROVISIONS
2242 UNFROZEN PLANS
22421 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
224212 LUMP SUM PLANS - CAPITALIZATION
224214 INCOME PLANS - PENSION - CAPITALIZATION
2242141 LIFE ANNUITY
2242142 TEMPORARY ANNUITY
2242143 TERM CERTAIN ANNUITY
224216 INCOME PLANS - DISABILITY - CAPITALIZATION
2242161 LIFE ANNUITY
2242162 TEMPORARY ANNUITY
2242163 TERM CERTAIN ANNUITY
224217 INCOME PLANS - RETIREMENT - CAPITALIZATION
2242171 LIFE ANNUITY
2242172 TEMPORARY ANNUITY
2242173 TERM CERTAIN ANNUITY
224218 VARIABLE CONTRIBUTION PLANS
2242181 P.G.B.L.
Continuation of SUSEP Circular nº 517 of 2015.
155
22422 PROVISION FOR UNEARNED PREMIUMS
224221 LUMP SUM PLANS - PAY-AS-YOU-GO
2242211 RISK ON POLICIES ISSUED
2242212 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
224223 INCOME PLANS - PENSION - TERMINAL FUNDING
2242231 LIFE ANNUITY
22422311 RISK ON POLICIES ISSUED
22422312 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2242232 TEMPORARY ANNUITY
22422321 RISK ON POLICIES ISSUED
22422322 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2242233 TERM CERTAIN ANNUITY
22422331 RISK ON POLICIES ISSUED
22422332 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
224225 INCOME PLANS - DISABILITY - TERMINAL FUNDING
2242251 LIFE ANNUITY
22422511 RISK ON POLICIES ISSUED
22422512 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2242252 TEMPORARY ANNUITY
22422521 RISK ON POLICIES ISSUED
22422522 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
2242253 TERM CERTAIN ANNUITY
22422531 RISK ON POLICIES ISSUED
22422532 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
22424 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
224243 INCOME PLANS - PENSION - TERMINAL FUNDING
2242431 LIFE ANNUITY
2242432 TEMPORARY ANNUITY
2242433 TERM CERTAIN ANNUITY
224244 INCOME PLANS - PENSION - CAPITALIZATION
2242441 LIFE ANNUITY
2242442 TEMPORARY ANNUITY
2242443 TERM CERTAIN ANNUITY
224245 INCOME PLANS - DISABILITY - TERMINAL FUNDING
2242451 LIFE ANNUITY
2242452 TEMPORARY ANNUITY
2242453 TERM CERTAIN ANNUITY
224246 INCOME PLANS - DISABILITY - CAPITALIZATION
2242461 LIFE ANNUITY
2242462 TEMPORARY ANNUITY
2242463 TERM CERTAIN ANNUITY
224247 INCOME PLANS - RETIREMENT - CAPITALIZATION
2242471 LIFE ANNUITY
2242472 TEMPORARY ANNUITY
2242473 TERM CERTAIN ANNUITY
224248 VARIABLE CONTRIBUTION PLANS
2242481 VARIABLE CONTRIBUTION PLANS
22426 PROVISION FOR FINANCIAL SURPLUS
224261 LUMP SUM PLANS
224262 INCOME PLANS
Continuation of SUSEP Circular nº 517 of 2015.
156
22429 OTHER TECHNICAL PROVISIONS - PRIVATE SUPPLEMENTARY PENSION
224292 PROVISION FOR RELATED EXPENSES
2242921 RELATED EXPENSES
224293 PROVISION FOR TECHNICAL SURPLUS
2242931 LUMP SUM PLAN - PAY-AS-YOU-GO
2242932 LUMP SUM PLAN - CAPITALIZATION
2242933 INCOME PLANS - PENSION - TERMINAL FUNDING
22429331 LIFE ANNUITY
22429332 TEMPORARY ANNUITY
22429333 TERM CERTAIN ANNUITY
2242934 INCOME PLANS - PENSION - CAPITALIZATION
22429341 LIFE ANNUITY
22429342 TEMPORARY ANNUITY
22429343 TERM CERTAIN ANNUITY
2242935 INCOME PLANS - DISABILITY - TERMINAL FUNDING
22429351 LIFE ANNUITY
22429352 TEMPORARY ANNUITY
22429353 TERM CERTAIN ANNUITY
2242936 INCOME PLANS - DISABILITY - CAPITALIZATION
22429361 LIFE ANNUITY
22429362 TEMPORARY ANNUITY
22429363 TERM CERTAIN ANNUITY
2242937 INCOME PLANS - RETIREMENT - CAPITALIZATION
22429371 LIFE ANNUITY
22429372 TEMPORARY ANNUITY
22429373 TERM CERTAIN ANNUITY
224294 PROVISION FOR ADDITIONAL COVERAGE
224299 OTHER PROVISIONS
2242991 LUMP SUM PLANS
2242992 INCOME PLANS
225 TECHNICAL PROVISIONS – CAPITALIZATION
2251 PROVISION FOR REDEMPTIONS
22511 MATHEMATICAL PROVISION FOR CAPITALIZATION
225111 SAVINGS BONDS - SINGLE PAYMENT
225112 SAVINGS BONDS - MONTHLY PAYMENTS
225113 SAVINGS BONDS - PERIODIC PAYMENTS
2252 PROVISION FOR PRIZE DRAWS
22521 PROVISION FOR PRIZE DRAWS TO BE HELD
225211 SAVINGS BONDS - SINGLE PAYMENT
225212 SAVINGS BONDS - MONTHLY PAYMENTS
225213 SAVINGS BONDS - PERIODIC PAYMENTS
2254 ADMINISTRATIVE PROVISION
22541 SAVINGS BONDS - SINGLE PAYMENT
22542 SAVINGS BONDS - MONTHLY PAYMENTS
22543 SAVINGS BONDS - PERIODIC PAYMENTS
2255 PROVISION FOR PRIZE DRAW SUPPLEMENT
22551 SAVINGS BONDS - SINGLE PAYMENT
22552 SAVINGS BONDS - MONTHLY PAYMENTS
22553 SAVINGS BONDS - PERIODIC PAYMENTS
Continuation of SUSEP Circular nº 517 of 2015.
157
2256 PROVISION FOR BONUS PAYOUT
22561 SAVINGS BONDS - SINGLE PAYMENT
22562 SAVINGS BONDS - MONTHLY PAYMENTS
22563 SAVINGS BONDS - PERIODIC PAYMENTS
2258 OTHER TECHNICAL PROVISIONS
22581 SAVINGS BONDS - SINGLE PAYMENT
22582 SAVINGS BONDS - MONTHLY PAYMENTS
22583 SAVINGS BONDS - PERIODIC PAYMENTS
228 OTHER DEBITS
2281 LINKED TO FINANCIAL DERIVATIVES
22811 FORWARD MARKET
22812 FUTURES AND OPTIONS MARKETS
22814 SWAP TRANSACTIONS
2282 TAX LIABILITIES
22821 TAX LIABILITIES
2283 PROVISIONS FOR LABOR CONTINGENCIES
22831 PROVISIONS FOR LABOR CONTINGENCIES
2284 PROVISIONS FOR CIVIL CONTINGENCIES
22841 PROVISIONS FOR CIVIL CONTINGENCIES
2285 INCOME TO BE DEFERRED - SAVINGS BONDS
22851 SAVINGS BONDS - SINGLE PAYMENT
2288 OTHER PROVISIONS
22881 OTHER PROVISIONS
2289 SUNDRY DEBITS
22891 OTHER DEBITS
22892 DEFERRED INCOME
228921 OPERATING INCOME (EXPENSES)
2289211 DEFERRED OPERATING INCOME
228922 ADMINISTRATIVE INCOME (EXPENSES)
2289221 DEFERRED ADMINISTRATIVE INCOME
228928 OTHER EARNINGS
24 NET EQUITY OR SHAREHOLDERS’ EQUITY
241 SHAREHOLDERS’ EQUITY
2411 CAPITAL STOCK
24111 BRAZILIAN-OWNED SHARES
241111 COMMON STOCK
241112 PREFERRED STOCK
24112 FOREIGN-OWNED SHARES
241121 COMMON STOCK
241122 PREFERRED STOCK
2412 CAPITAL INCREASE / REDUCTION (AWAITING APPROVAL)
Continuation of SUSEP Circular nº 517 of 2015.
158
24121 CAPITAL INCREASE / REDUCTION (AWAITING APPROVAL)
24122 SHAREHOLDERS’ CAPITAL TO BE PAID IN
241221 SHAREHOLDERS - BRAZIL
241222 SHAREHOLDERS - ABROAD
2413 CAPITAL RESERVES
24131 SHARE UNDERWRITING PREMIUM RESERVE
24132 TREASURY STOCK DISPOSAL RESERVE
24133 PARTICIPATION CERTIFICATE DISPOSAL RESERVE
24138 OTHER CAPITAL RESERVES
2414 REVALUATION RESERVES
24141 REVALUATION RESERVES - PROPERTY
24142 REVALUATION RESERVES - SUBSIDIARIES AND AFFILIATES
24148 OTHER REVALUATION RESERVES
24149 DEFERRED TAXES
2415 REVENUE RESERVES
24151 LEGAL RESERVE
24152 STATUTORY RESERVES
24153 CONTINGENCY RESERVE
24154 UNREALIZED INCOME RESERVE
24155 SPECIAL DIVIDEND RESERVE
24156 PARTICIPATION CERTIFICATE REDEMPTION RESERVE
24157 RESERVE FOR PROFITS ON THE SALE OF FIXED ASSETS
24158 OTHER REVENUE RESERVES
241581 TAX INCENTIVE RESERVE
241582 RETAINED PROFIT RESERVE
241589 OTHER REVENUE RESERVES
24159 PROPOSED SUPPLEMENTARY DIVIDEND
2416 ASSET APPRAISAL ADJUSTMENTS
24161 MARKETABLE SECURITY ADJUSTMENTS
241611 UNREALIZED MARKETABLE SECURITY GAINS AND LOSSES
241612 UNREALIZED MARKETABLE SECURITY GAINS AND LOSSES - SUBSIDIARIES AND AFFILIATES
24162 FOREIGN EXCHANGE VARIATIONS OF EQUITY INVESTMENTS ABROAD
24169 OTHER EQUITY VALUATION ADJUSTMENTS
2418 ACCUMULATED PROFITS OR LOSSES
24181 ACCUMULATED PROFITS
24182 ACCUMULATED LOSSES
24183 INTERIM DIVIDENDS
24184 NET PROFIT (LOSS) FOR THE FINANCIAL YEAR
2419 TREASURY STOCK
24191 TREASURY STOCK
242 SHAREHOLDERS’ EQUITY OF THE NOT-FOR-PROFIT PRIVATE SUPPLEMENTARY PENSION
ENTITIES
2421 SHAREHOLDERS’ EQUITY
24211 FUND FORMATION
2423 EQUITY RESERVES
Continuation of SUSEP Circular nº 517 of 2015.
159
24231 RESERVES TO STRENGTHEN ASSET POSITION
24232 OTHER EQUITY RESERVES
2424 REVALUATION RESERVES
24241 REVALUATION RESERVES - PROPERTY
24242 REVALUATION RESERVES - SUBSIDIARIES AND AFFILIATES
24248 OTHER REVALUATION RESERVES
2425 RETAINED EARNINGS
24251 STATUTORY RESERVES
24252 RESERVES FOR BENEFIT CONTINGENCIES
2426 ASSET APPRAISAL ADJUSTMENTS
24261 MARKETABLE SECURITY ADJUSTMENTS
242611 UNREALIZED MARKETABLE SECURITY GAINS AND LOSSES
242612 UNREALIZED MARKETABLE SECURITY GAINS AND LOSSES - SUBSIDIARIES AND AFFILIATES
24269 OTHER EQUITY VALUATION ADJUSTMENTS
2428 ACCUMULATED SURPLUSES OR DEFICITS
24281 ACCUMULATED SURPLUSES
24282 ACCUMULATED DEFICITS
24283 NET PROFIT (LOSS) FOR THE FINANCIAL YEAR
29 COMPENSATION
291 COMPENSATION
2911 AMOUNTS RECEIVABLE - PRIVATE PENSION
29111 CONSIGNMENTS BY REGISTRATION BODIES
29112 BANK CONSIGNMENTS
29113 AMOUNTS TO BE SETTLED
29118 OTHER CREDITS
2912 INVOICES ISSUED IN ADVANCE
29121 INVOICES ISSUED IN ADVANCE
2913 IOF TAX FOR THE FINANCIAL YEAR
29131 IOF TAX FOR THE FINANCIAL YEAR
2914 CAPITALIZATION TRANSACTIONS
29141 TOTAL REVENUE
2915 FESA/FCVS TRANSACTIONS - SFH MORTGAGE INSURANCE
29151 ISSUING AND BILLING BY THIRD PARTIES- FESA/FCVS
29152 INDEMNIFICATION SETTLEMENT- FESA/FCVS
2916 FINANCIAL DERIVATIVES
29161 SHARES AND FINANCIAL ASSETS UNDER CONTRACT
2917 IRONCLAD LIFE AND PRIVATE PENSION FUNDS
29171 IRONCLAD LIFE AND PRIVATE PENSION FUNDS
2918 OTHER COMPENSATION ACCOUNTS
29181 OTHER COMPENSATION ACCOUNTS
Continuation of SUSEP Circular nº 517 of 2015.
160
3 INCOME STATEMENT ACCOUNTS
31 INSURANCE TRANSACTIONS
311 PREMIUMS EARNED
3111 PREMIUMS ISSUED
31111 INSURANCE PREMIUMS
311111 DIRECT
3111111 PREMIUMS - RISK ON POLICIES ISSUED
3111115 PREMIUMS CANCELLED
3111116 PREMIUMS REIMBURSED
3111117 TRANSACTIONS ABROAD - ACCEPTANCES
3111118 BRANCHES ABROAD
311112 CO-INSURANCE ACCEPTED FROM COUNTERPARTS
3111121 PREMIUMS ACCEPTED IN CO-INSURANCE
3111125 CANCELLATION OF ACCEPTED CO-INSURANCE
3111126 REIMBURSEMENT OF ACCEPTED CO-INSURANCE
311113 CO-INSURANCE CEDED TO COUNTERPARTS
3111131 PREMIUMS CEDED IN CO-INSURANCE
3111135 CANCELLATION OF CEDED CO-INSURANCE
3111136 REIMBURSEMENT OF CEDED CO-INSURANCE
311114 DPVAT PREMIUMS
311115 PREMIUMS - EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
3111151 PREMIUMS
3111155 CANCELLATIONS
3111156 REIMBURSEMENTS
31112 RECOVERY OF INITIAL CONTRACT COSTS
31116 RETROCESSIONS
311161 PREMIUMS - ACCEPTED RETROCESSIONS
3111611 LOCAL REINSURER
3111612 ADMITTED REINSURER
3111613 EVENTUAL REINSURER
311165 CANCELLATION OF ACCEPTED RETROCESSIONS
3111651 LOCAL REINSURER
3111652 ADMITTED REINSURER
3111653 EVENTUAL REINSURER
311166 REIMBURSEMENT OF ACCEPTED RETROCESSIONS
3111661 LOCAL REINSURER
3111662 ADMITTED REINSURER
3111663 EVENTUAL REINSURER
31117 PREMIUMS CEDED TO CONSORTIA AND FUNDS
311171 DPVAT TRANSFERS
3118 VARIATIONS IN THE TECHNICAL PROVISIONS
31181 PROVISION FOR UNEARNED PREMIUMS
311811 UNEARNED PREMIUMS
3118111 DIRECT
3118112 ACCEPTED CO-INSURANCE
3118115 PREMIUMS - EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
3118116 RETROCESSIONS
Continuation of SUSEP Circular nº 517 of 2015.
161
31181161 REINSURER - LOCAL
31181162 REINSURER - ADMITTED
31181163 REINSURER - EVENTUAL
3118117 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
3118118 BRANCHES ABROAD
3118119 PORTFOLIO TRANSFER - DISCOUNT
311812 UNEXPIRED RISK
3118121 PAYMENT UPON DEATH - PAY-AS-YOU-GO
3118122 PAYMENTS TO SURVIVORS - INCOME - TERMINAL FUNDING
31181221 LIFE ANNUITY
31181222 TEMPORARY ANNUITY
31181223 TERM CERTAIN ANNUITY
3118123 PAYMENT POR DISABILITY - TERMINAL FUNDING
31181231 LIFE ANNUITY
31181232 TEMPORARY ANNUITY
31181233 TERM CERTAIN ANNUITY
31183 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
311831 PERSONAL
3118311 DIRECT
31183111 INCOME FROM RANDOM EVENTS
31183112 REDEMPTION
31183119 OTHER
3118312 ACCEPTED CO-INSURANCE
31183121 INCOME FROM RANDOM EVENTS
31183122 REDEMPTION
31183129 OTHER
3118316 RETROCESSIONS
31183161 LOCAL REINSURER
311831611 INCOME FROM RANDOM EVENTS
311831612 REDEMPTION
311831619 OTHER
31183162 ADMITTED REINSURER
311831621 INCOME FROM RANDOM EVENTS
311831622 REDEMPTION
311831629 OTHER
31183163 EVENTUAL REINSURER
311831631 INCOME FROM RANDOM EVENTS
311831632 REDEMPTION
311831639 OTHER
3118317 INTERNATIONAL TRANSACTIONS
31183171 INCOME FROM RANDOM EVENTS
31183172 REDEMPTION
31183179 OTHER
3118318 BRANCHES ABROAD
31183181 INCOME FROM RANDOM EVENTS
31183182 REDEMPTION
31183189 OTHER
311832 LIFE - INDIVIDUAL AND LIFE - WITH SURVIVOR COVERAGE
3118321 SINGLE PAYMENT UPON DEATH - CAPITALIZATION
3118322 PAYMENTS TO SURVIVORS - INCOME - CAPITALIZATION
Continuation of SUSEP Circular nº 517 of 2015.
162
31183221 LIFE ANNUITY
31183222 TEMPORARY ANNUITY
31183223 TERM CERTAIN ANNUITY
3118323 PAYMENT POR DISABILITY - INCOME - CAPITALIZATION
31183231 LIFE ANNUITY
31183232 TEMPORARY ANNUITY
31183233 TERM CERTAIN ANNUITY
3118324 PAYMENT UPON DEATH - INCOME - CAPITALIZATION
31183241 LIFE ANNUITY
31183242 TEMPORARY ANNUITY
31183243 TERM CERTAIN ANNUITY
3118329 OTHER
31188 OTHER TECHNICAL PROVISIONS
311881 PROVISION FOR TECHNICAL SURPLUS
3118811 SINGLE PAYMENT UPON DEATH - PAY-AS-YOU-GO
3118812 SINGLE PAYMENT UPON DEATH - CAPITALIZATION
3118813 PAYMENT UPON DEATH - INCOME - TERMINAL FUNDING
31188131 LIFE ANNUITY
31188132 TEMPORARY ANNUITY
31188133 TERM CERTAIN ANNUITY
3118814 PAYMENT UPON DEATH - INCOME - CAPITALIZATION
31188141 LIFE ANNUITY
31188142 TEMPORARY ANNUITY
31188143 TERM CERTAIN ANNUITY
3118815 PAYMENT POR DISABILITY - INCOME - TERMINAL FUNDING
31188151 LIFE ANNUITY
31188152 TEMPORARY ANNUITY
31188153 TERM CERTAIN ANNUITY
3118816 PAYMENT POR DISABILITY - INCOME - CAPITALIZATION
31188161 LIFE ANNUITY
31188162 TEMPORARY ANNUITY
31188163 TERM CERTAIN ANNUITY
3118817 PAYMENTS TO SURVIVORS - INCOME - CAPITALIZATION
31188171 LIFE ANNUITY
31188172 TEMPORARY ANNUITY
31188173 TERM CERTAIN ANNUITY
311882 PROVISION FOR ADMINISTRATIVE EXPENSES - DPVAT
311883 PROVISION FOR RELATED EXPENSES
311885 PROVISION FOR ADDITIONAL COVERAGE
311889 OTHER PROVISIONS
312 INCOME FROM FEES AND ISSUING OF POLICIES
3121 INCOME FROM MANAGEMENT FEES
31211 INCOME FROM MANAGEMENT FEES
3122 EARNINGS FROM ADMINISTRATION
31221 EARNINGS FROM POLICY MANAGEMENT
31222 EARNINGS FROM CORRESPONDENTS IN BRAZIL
3123 EARNINGS FROM OTHER FEES
31231 EXIT FEES
3124 INCOME FROM THE ISSUING OF POLICIES
Continuation of SUSEP Circular nº 517 of 2015.
163
31249 ISSUING OF DPVAT CERTIFICATES
313 CLAIMS INCURRED
3131 CLAIMS
31311 INDEMNITIES ON CLAIMS REPORTED
313111 ADMINISTRATIVE INCOME (EXPENSES)
3131111 DIRECT
3131112 ACCEPTED CO-INSURANCE
3131116 RETROCESSIONS
31311161 LOCAL REINSURER
31311162 ADMITTED REINSURER
31311163 EVENTUAL REINSURER
3131117 INTERNATIONAL TRANSACTIONS
3131118 BRANCHES ABROAD
313112 LEGAL EXPENSES
3131121 DIRECT
3131122 ACCEPTED CO-INSURANCE
3131126 RETROCESSIONS
31311261 LOCAL REINSURER
31311262 ADMITTED REINSURER
31311263 EVENTUAL REINSURER
3131127 INTERNATIONAL TRANSACTIONS
3131128 BRANCHES ABROAD
313113 VARIATIONS IN IBNAR CLAIMS - RBNS ADJUSTMENTS
3131131 DIRECT
3131132 ACCEPTED CO-INSURANCE
3131136 RETROCESSIONS
31311361 LOCAL REINSURER
31311362 ADMITTED REINSURER
31311363 EVENTUAL REINSURER
3131137 INTERNATIONAL TRANSACTIONS
3131138 BRANCHES ABROAD
3131139 DPVAT
313114 VARIATIONS IN THE ESTIMATED SALVAGE AND REIMBURSEMENTS - RBNS
31312 INDEMNITIES ON CLAIMS REPORTED BY CONSORTIA AND FUNDS
313123 DPVAT
31313 CLAIMS EXPENSES
313131 ADMINISTRATIVE INCOME (EXPENSES)
3131311 DIRECT
3131312 ACCEPTED CO-INSURANCE
3131316 RETROCESSIONS
31313161 LOCAL REINSURER
31313162 ADMITTED REINSURER
31313163 EVENTUAL REINSURER
3131317 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
3131318 BRANCHES ABROAD
Continuation of SUSEP Circular nº 517 of 2015.
164
313132 LEGAL EXPENSES
3131321 DIRECT
3131322 ACCEPTED CO-INSURANCE
3131326 RETROCESSIONS
31313261 LOCAL REINSURER
31313262 ADMITTED REINSURER
31313263 EVENTUAL REINSURER
3131327 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
3131328 BRANCHES ABROAD
3131329 LOST LAWSUIT FEES
31314 EXPENSES OF CONSORTIUM AND FUND CLAIMS
313143 DPVAT
31315 EXPENDITURE ON BENEFITS - INDIVIDUAL LIFE INSURANCE
313151 ADMINISTRATIVE INCOME (EXPENSES)
3131511 DIRECT
3131512 ACCEPTED CO-INSURANCE
3131516 RETROCESSIONS
31315161 LOCAL REINSURER
31315162 ADMITTED REINSURER
31315163 EVENTUAL REINSURER
3131517 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
3131518 BRANCHES ABROAD
313152 LEGAL EXPENSES
3131521 DIRECT
3131522 ACCEPTED CO-INSURANCE
3131526 RETROCESSIONS
31315261 LOCAL REINSURER
31315262 ADMITTED REINSURER
31315263 EVENTUAL REINSURER
3131527 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
3131528 BRANCHES ABROAD
3131529 LOST LAWSUIT FEES
31317 EXPENDITURE ON BENEFITS GRANTED
313171 ADMINISTRATIVE INCOME (EXPENSES)
3131711 DIRECT
3131712 ACCEPTED CO-INSURANCE
3131716 RETROCESSIONS
31317161 LOCAL REINSURER
31317162 ADMITTED REINSURER
31317163 EVENTUAL REINSURER
3131717 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
3131718 BRANCHES ABROAD
313172 LEGAL EXPENSES
3131721 DIRECT
3131722 ACCEPTED CO-INSURANCE
3131726 RETROCESSIONS
31317261 LOCAL REINSURER
Continuation of SUSEP Circular nº 517 of 2015.
165
31317262 ADMITTED REINSURER
31317263 EVENTUAL REINSURER
3131727 INTERNATIONAL TRANSACTIONS – ACCEPTANCES
3131728 BRANCHES ABROAD
3131729 LOST LAWSUIT FEES
3132 CLAIMS RECOVERY
31321 RECOVERY OF INDEMNITIES FROM COUNTERPARTS
313211 DIRECT
313217 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
313218 BRANCHES ABROAD
31323 RECOVERY OF INDEMNITIES FROM CONSORTIA AND FUNDS
313233 DPVAT
31324 RECOVERY OF EXPENSES FROM COUNTERPARTS
313241 DIRECT
313247 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
313248 BRANCHES ABROAD
31326 RECOVERY OF EXPENSES FROM CONSORTIA AND FUNDS
313263 DPVAT
3133 SALVAGE
31331 SALVAGE
313311 DIRECT
313312 ACCEPTED CO-INSURANCE
313316 RETROCESSIONS
3133161 LOCAL REINSURER
3133162 ADMITTED REINSURER
3133163 EVENTUAL REINSURER
313317 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
313318 BRANCHES ABROAD
31332 SALVAGE CEDED TO COUNTERPARTS
313321 DIRECT
313327 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
313328 BRANCHES ABROAD
3134 INDEMNITIES
31341 INDEMNITIES
313411 DIRECT
313412 ACCEPTED CO-INSURANCE
313416 RETROCESSIONS
3134161 LOCAL REINSURER
3134162 ADMITTED REINSURER
3134163 EVENTUAL REINSURER
313417 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
313418 BRANCHES ABROAD
31342 INDEMNITIES CEDED TO COUNTERPARTS
313421 DIRECT
313427 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
313428 BRANCHES ABROAD
Continuation of SUSEP Circular nº 517 of 2015.
166
3135 VARIATIONS IN THE PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
31351 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
313511 DIRECT
313512 ACCEPTED CO-INSURANCE
313513 ESTIMATED SALVAGE AND REIMBURSEMENTS
313516 RETROCESSIONS
3135161 LOCAL REINSURER
3135162 ADMITTED REINSURER
3135163 EVENTUAL REINSURER
313517 INTERNATIONAL TRANSACTIONS
313518 BRANCHES ABROAD
313519 DPVAT
3136 VARIATIONS IN EXPENSES RELATED TO IBNR
3137 SUPPORT SERVICES
31371 24-HOUR SUPPORT
31372 OTHER SERVICES
314 ACQUISITION COST
3141 COMMISSIONS ON PREMIUMS
31411 COMMISSION ON PREMIUMS ISSUED
314111 DIRECT
3141111 RISKS IN EFFECT
3141112 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
314112 ACCEPTED CO-INSURANCE
314114 COMMISSION ON PREMIUMS ACCEPTED - PORTFOLIO TRANSFER
314116 RETROCESSIONS
3141161 LOCAL REINSURER
3141162 ADMITTED REINSURER
3141163 EVENTUAL REINSURER
314117 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
314118 BRANCHES ABROAD
314119 DPVAT
31412 AGENCY COMMISSIONS
314121 DIRECT
3141211 RISK ON POLICIES ISSUED
3141212 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
314122 ACCEPTED CO-INSURANCE
314127 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
314128 BRANCHES ABROAD
314129 DPVAT
3142 RECOVERY OF COMMISSIONS
31423 COMMISSIONS ON CO-INSURANCE PREMIUMS CEDED TO COUNTERPARTS
314231 DIRECT
314237 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
314238 BRANCHES ABROAD
31425 AGENCY COMMISSIONS ON CO-INSURANCE PREMIUMS CEDED TO COUNTERPARTS
314251 DIRECT
314257 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
Continuation of SUSEP Circular nº 517 of 2015.
167
314258 BRANCHES ABROAD
3143 OTHER ACQUISITION COSTS
31431 ACQUIRING APPLICATIONS
314311 DIRECT
314312 ACCEPTED CO-INSURANCE
314316 RETROCESSIONS
314317 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
314318 BRANCHES ABROAD
31432 EXPENSES OF RISK INSPECTION
314321 DIRECT
314322 ACCEPTED CO-INSURANCE
314326 RETROCESSIONS
314327 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
314328 BRANCHES ABROAD
31433 EXPENSES OF POLICIES AND/OR CONTRACTS
314331 DIRECT
314332 ACCEPTED CO-INSURANCE
314337 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
314338 BRANCHES ABROAD
31438 OTHER ACQUISITION COSTS
314381 DIRECT
314382 ACCEPTED CO-INSURANCE
314386 RETROCESSIONS
314387 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
314388 BRANCHES ABROAD
31439 DPVAT
314391 DPVAT
3145 VARIATIONS IN DEFERRED ACQUISITION COST
31451 VARIATIONS IN DEFERRED COMMISSIONS
314511 DIRECT
3145111 RISK ON POLICIES ISSUED
3145112 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
314512 ACCEPTED CO-INSURANCE
314516 RETROCESSIONS
31452 VARIATIONS IN DEFERRED AGENCY EXPENSES
314521 DIRECT
3145211 RISK ON POLICIES ISSUED
3145212 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
314522 ACCEPTED CO-INSURANCE
31458 VARIATIONS IN OTHER DEFERRED ACQUISITION COSTS
315 OTHER OPERATING INCOME AND EXPENSES
3151 OTHER OPERATING INCOME
31515 EARNINGS FROM THE MANAGEMENT OF SFH MORTGAGE INSURANCE
315151 MANAGEMENT FEES
Continuation of SUSEP Circular nº 517 of 2015.
168
31518 OTHER EARNINGS FROM INSURANCE TRANSACTIONS
315181 DIRECT
315182 ACCEPTED CO-INSURANCE
315183 CO-INSURANCE CEDED
315184 PREMIUM ON PORTFOLIO TRANSFERS
315186 RETROCESSIONS
3151861 LOCAL REINSURER
3151862 ADMITTED REINSURER
3151863 EVENTUAL REINSURER
315187 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
315188 BRANCHES ABROAD
315189 OTHER EARNINGS
3151892 DETERMINING THE RURAL INSURANCE CYCLE - FESR
3151898 OTHER
31519 OTHER EARNINGS - DPVAT
315191 DPVAT CONSORTIUM
3152 OTHER OPERATING EXPENSES
31522 COLLECTION COST
315221 DIRECT
315222 ACCEPTED CO-INSURANCE
315224 DPVAT CONSORTIUM
315227 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
315228 BRANCHES ABROAD
31523 EXPENSES OF SOCIAL SECURITY CONTRIBUTIONS
315231 SOCIAL CONTRIBUTION ON COMMISSIONS
315232 SOCIAL CONTRIBUTION ON OTHER SERVICES
315238 OTHER EXPENDITURE
31525 EXPENSES OF POLICY AND/OR CONTRACT ADMINISTRATION
315251 DIRECT
315252 ACCEPTED CO-INSURANCE
315256 RETROCESSIONS
315257 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
315258 BRANCHES ABROAD
31526 ALLOCATED PROFIT
315261 DIRECT
315262 ACCEPTED CO-INSURANCE
315266 RETROCESSIONS
315267 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
315268 BRANCHES ABROAD
31527 REDUCTION TO RECOVERY VALUE OF RECEIVABLES
315271 PREMIUMS RECEIVABLE
315272 OTHER OPERATING CREDITS
315273 SECURITIES RECEIVABLE
315274 LOANS
315278 OTHER CREDITS
31528 OTHER EXPENSES OF INSURANCE TRANSACTIONS
315281 DIRECT
315282 ACCEPTED CO-INSURANCE
Continuation of SUSEP Circular nº 517 of 2015.
169
315283 CO-INSURANCE CEDED
315286 RETROCESSIONS
315287 DISCOUNT ON PORTFOLIO TRANSFERS
315288 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
315289 OTHER EXPENDITURE
3152891 BRANCHES ABROAD
3152892 DETERMINING THE RURAL INSURANCE CYCLE - FESR
3152898 OTHER
31529 SUNDRY EXPENSES
315291 EXPENSES OF PROVISIONS
3152913 PROVISIONS FOR CIVIL CONTINGENCIES
315294 DPVAT CONSORTIUM
315298 OTHER EXPENDITURE
319 NET INCOME (EXPENSES) ON REINSURANCE TRANSACTIONS
3191 REINSURANCE INCOME
31911 CLAIMS INDEMNITIES
319111 DIRECT
3191111 LOCAL REINSURER
3191112 ADMITTED REINSURER
3191113 EVENTUAL REINSURER
319112 ACCEPTED CO-INSURANCE
3191121 LOCAL REINSURER
3191122 ADMITTED REINSURER
3191123 EVENTUAL REINSURER
319113 RETROCESSIONS
3191131 LOCAL REINSURER
3191132 ADMITTED REINSURER
3191133 EVENTUAL REINSURER
319114 VARIATIONS IN THE ESTIMATED SALVAGE AND REIMBURSEMENTS - RBNS
319117 INTERNATIONAL TRANSACTIONS
319118 BRANCHES ABROAD
319119 VARIATIONS IN IBNAR CLAIMS- RBNS
3191191 DIRECT
3191192 ACCEPTED CO-INSURANCE
3191193 RETROCESSIONS
31911931 LOCAL REINSURER
31911932 ADMITTED REINSURER
31911933 EVENTUAL REINSURER
3191197 INTERNATIONAL TRANSACTIONS
3191198 BRANCHES ABROAD
31912 CLAIMS EXPENSES
319121 DIRECT
3191211 LOCAL REINSURER
3191212 ADMITTED REINSURER
3191213 EVENTUAL REINSURER
319122 ACCEPTED CO-INSURANCE
3191221 LOCAL REINSURER
3191222 ADMITTED REINSURER
3191223 EVENTUAL REINSURER
319123 RETROCESSIONS
3191231 LOCAL REINSURER
Continuation of SUSEP Circular nº 517 of 2015.
170
3191232 ADMITTED REINSURER
3191233 EVENTUAL REINSURER
319127 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
319128 BRANCHES ABROAD
31913 VARIATIONS IN THE PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
319131 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
3191311 DIRECT
3191312 ACCEPTED CO-INSURANCE
3191313 RETROCESSIONS
31913131 LOCAL REINSURER
31913132 ADMITTED REINSURER
31913133 EVENTUAL REINSURER
3191317 INTERNATIONAL TRANSACTIONS
3191318 BRANCHES ABROAD
3191319 ESTIMATED SALVAGE AND REIMBURSEMENTS
31914 VARIATIONS IN EXPENSES RELATED TO IBNR
3192 INCOME FROM PROFIT SHARING
31921 REINSURANCE CEDED
319211 LOCAL REINSURER
319212 ADMITTED REINSURER
319213 EVENTUAL REINSURER
31922 RETROCESSIONS
319221 LOCAL REINSURER
319222 ADMITTED REINSURER
319223 EVENTUAL REINSURER
3193 REINSURANCE EXPENSES
31931 REINSURANCE PREMIUMS
319311 DIRECT
3193111 LOCAL REINSURER
31931111 PREMIUMS
31931112 COMMISSIONS ON REINSURANCE PREMIUMS CEDED
3193112 ADMITTED REINSURER
31931121 PREMIUMS
31931122 COMMISSIONS ON REINSURANCE PREMIUMS CEDED
3193113 EVENTUAL REINSURER
31931131 PREMIUMS
31931132 COMMISSIONS ON REINSURANCE PREMIUMS CEDED
319312 ACCEPTED CO-INSURANCE
3193121 LOCAL REINSURER
31931211 PREMIUMS
31931212 COMMISSIONS ON REINSURANCE PREMIUMS CEDED
3193122 ADMITTED REINSURER
31931221 PREMIUMS
31931222 COMMISSIONS ON REINSURANCE PREMIUMS CEDED
3193123 EVENTUAL REINSURER
31931231 PREMIUMS
31931232 COMMISSIONS ON REINSURANCE PREMIUMS CEDED
319314 CANCELLATION OF REINSURANCE
3193141 LOCAL REINSURER
31931411 PREMIUMS
31931412 COMMISSIONS ON REINSURANCE PREMIUMS CEDED
Continuation of SUSEP Circular nº 517 of 2015.
171
3193142 ADMITTED REINSURER
31931421 PREMIUMS
31931422 COMMISSIONS ON REINSURANCE PREMIUMS CEDED
3193143 EVENTUAL REINSURER
31931431 PREMIUMS
31931432 COMMISSIONS ON REINSURANCE PREMIUMS CEDED
319315 REIMBURSEMENT OF REINSURANCE
3193151 LOCAL REINSURER
3193152 ADMITTED REINSURER
3193153 EVENTUAL REINSURER
319316 PREMIUMS - EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
31932 VARIATIONS IN REINSURANCE EXPENSES
319321 PROVISION FOR UNEARNED PREMIUMS
3193211 PROVISION FOR UNEARNED PREMIUMS
3193212 COMMISSIONS DEFERRED - REINSURANCE PREMIUMS CEDED
319324 PROVISION FOR ADDITIONAL COVERAGE
319325 PROVISION FOR TECHNICAL SURPLUS
319329 OTHER PROVISIONS
3194 SALVAGE AND RECOVERY FOR REINSURER
31941 SALVAGE
319411 DIRECT
3194111 LOCAL REINSURER
3194112 ADMITTED REINSURER
3194113 EVENTUAL REINSURER
319412 ACCEPTED CO-INSURANCE
3194121 LOCAL REINSURER
3194122 ADMITTED REINSURER
3194123 EVENTUAL REINSURER
319417 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
319418 BRANCHES ABROAD
31942 REIMBURSEMENT
319421 DIRECT
3194211 LOCAL REINSURER
3194212 ADMITTED REINSURER
3194213 EVENTUAL REINSURER
319422 ACCEPTED CO-INSURANCE
3194221 LOCAL REINSURER
3194222 ADMITTED REINSURER
3194223 EVENTUAL REINSURER
319427 INTERNATIONAL TRANSACTIONS - ACCEPTANCES
319428 BRANCHES ABROAD
3199 OTHER NET INCOME (EXPENSES) FROM REINSURANCE TRANSACTIONS
32 REINSURANCE TRANSACTIONS
321 PREMIUMS EARNED
3211 REINSURANCE PREMIUMS
Continuation of SUSEP Circular nº 517 of 2015.
172
32111 REINSURANCE PREMIUMS
321111 ACTUAL
3211111 PREMIUMS
3211112 (-) COMMISSION ON PREMIUMS
3211113 CANCELLATION OF PREMIUMS
3211114 (-) CANCELLATION OF COMMISSION ON PREMIUMS
3211115 REIMBURSEMENT OF PREMIUMS
3211116 (-) REIMBURSEMENT OF COMMISSION ON PREMIUMS
321112 ESTIMATED
3211121 PREMIUMS
3211122 (-) COMMISSION ON ESTIMATED PREMIUMS
3211123 CANCELLATION OF ESTIMATED PREMIUMS
3211124 (-) CANCELLATION OF COMMISSION ON ESTIMATED PREMIUMS
321113 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
3211131 PREMIUMS - RENI
3211132 (-) COMMISSION ON PREMIUMS - RENI
32116 ACCEPTED RETROCESSIONS
321161 LOCAL REINSURER
3211611 ACTUAL
32116111 ACTUAL PREMIUMS
32116112 (-) ACTUAL COMMISSIONS
32116113 CANCELLATION OF PREMIUMS
32116114 (-) CANCELLATION OF COMMISSION ON PREMIUMS
32116115 REIMBURSEMENT OF PREMIUMS
32116116 (-) REIMBURSEMENT OF COMMISSION ON PREMIUMS
3211612 ESTIMATED
32116121 ESTIMATED PREMIUMS
32116122 (-) ESTIMATED COMMISSIONS
32116123 CANCELLATION OF ESTIMATED PREMIUMS
32116124 (-) CANCELLATION OF COMMISSION ON ESTIMATED PREMIUMS
3211613 RENI
32116131 PREMIUMS - RENI
32116132 (-) COMMISSIONS - RENI
3211614 CLAIMS
3211615 OTHER DEBITS
321162 ADMITTED REINSURER
3211621 ACTUAL
32116211 ACTUAL PREMIUMS
32116212 (-) ACTUAL COMMISSIONS
32116213 CANCELLATION OF PREMIUMS
32116214 (-) CANCELLATION OF COMMISSION ON PREMIUMS
32116215 REIMBURSEMENT OF PREMIUMS
32116216 (-) REIMBURSEMENT OF COMMISSION ON PREMIUMS
3211622 ESTIMATED
32116221 ESTIMATED PREMIUMS
32116222 (-) ESTIMATED COMMISSIONS
32116223 CANCELLATION OF ESTIMATED PREMIUMS
32116224 (-) CANCELLATION OF COMMISSION ON ESTIMATED PREMIUMS
3211623 RENI
32116231 PREMIUMS - RENI
32116232 (-) COMMISSIONS - RENI
Continuation of SUSEP Circular nº 517 of 2015.
173
3211624 CLAIMS
3211625 OTHER DEBITS
321163 EVENTUAL REINSURER
3211631 ACTUAL
32116311 ACTUAL PREMIUMS
32116312 (-) ACTUAL COMMISSIONS
32116313 CANCELLATION OF PREMIUMS
32116314 (-) CANCELLATION OF COMMISSION ON PREMIUMS
32116315 REIMBURSEMENT OF PREMIUMS
32116316 (-) REIMBURSEMENT OF COMMISSION ON PREMIUMS
3211632 ESTIMATED
32116321 ESTIMATED PREMIUMS
32116322 (-) ESTIMATED COMMISSIONS
32116323 CANCELLATION OF ESTIMATED PREMIUMS
32116324 (-) CANCELLATION OF COMMISSION ON ESTIMATED PREMIUMS
3211633 RENI
32116331 PREMIUMS - RENI
32116332 (-) COMMISSIONS - RENI
3211634 CLAIMS
3211635 OTHER DEBITS
32117 BRANCHES ABROAD
3212 VARIATIONS IN THE TECHNICAL PROVISIONS
32121 PROVISION FOR UNEARNED PREMIUMS
321211 REINSURANCE
3212111 ACTUAL DEFERRED PREMIUMS
32121111 ACTUAL DEFERRED PREMIUMS
32121112 (-) ACTUAL DEFERRED COMMISSIONS
3212112 ESTIMATED DEFERRED PREMIUMS
32121121 ESTIMATED DEFERRED PREMIUMS
32121122 (-) ESTIMATED DEFERRED COMMISSIONS
3212113 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
32121131 DEFERRED PREMIUMS - RENI
32121132 (-) DEFERRED COMMISSIONS - RENI
321216 ACCEPTED RETROCESSIONS
3212161 LOCAL REINSURER
32121611 ACTUAL RISK ON POLICIES ISSUED
321216111 ACTUAL DEFERRED PREMIUMS
321216112 (-) ACTUAL DEFERRED COMMISSIONS
32121612 ESTIMATED RISK ON POLICIES ISSUED
321216121 ESTIMATED DEFERRED PREMIUMS
321216122 (-) ESTIMATED DEFERRED COMMISSIONS
32121613 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
321216131 DEFERRED PREMIUMS - RENI
321216132 (-) DEFERRED COMMISSIONS - RENI
3212162 ADMITTED REINSURER
32121621 ACTUAL RISK ON POLICIES ISSUED
321216211 ACTUAL DEFERRED PREMIUMS
321216212 (-) ACTUAL DEFERRED COMMISSIONS
32121622 ESTIMATED RISK ON POLICIES ISSUED
321216221 ESTIMATED DEFERRED PREMIUMS
Continuation of SUSEP Circular nº 517 of 2015.
174
321216222 (-) ESTIMATED DEFERRED COMMISSIONS
32121623 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
321216231 DEFERRED PREMIUMS - RENI
321216232 (-) DEFERRED COMMISSIONS - RENI
3212163 EVENTUAL REINSURER
32121631 ACTUAL RISK ON POLICIES ISSUED
321216311 ACTUAL DEFERRED PREMIUMS
321216312 (-) ACTUAL DEFERRED COMMISSIONS
32121632 ESTIMATED RISK ON POLICIES ISSUED
321216321 ESTIMATED DEFERRED PREMIUMS
321216322 (-) ESTIMATED DEFERRED COMMISSIONS
32121633 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
321216331 DEFERRED PREMIUMS - RENI
321216332 (-) DEFERRED COMMISSIONS - RENI
321217 BRANCHES ABROAD
32123 PROVISION FOR TECHNICAL SURPLUS
321231 REINSURANCE
321236 ACCEPTED RETROCESSIONS
321237 BRANCHES ABROAD
32124 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
321241 REINSURANCE
321246 ACCEPTED RETROCESSIONS
321247 BRANCHES ABROAD
32125 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
321251 REINSURANCE
321256 ACCEPTED RETROCESSIONS
321257 BRANCHES ABROAD
32126 PROVISION FOR ADDITIONAL COVERAGE
321261 REINSURANCE
321266 ACCEPTED RETROCESSIONS
321267 BRANCHES ABROAD
32129 OTHER TECHNICAL PROVISIONS
321291 REINSURANCE
321296 ACCEPTED RETROCESSIONS
321297 BRANCHES ABROAD
322 CLAIMS INCURRED
3221 CLAIMS
32211 INDEMNITIES ON CLAIMS REPORTED
322111 REINSURANCE
322116 ACCEPTED RETROCESSIONS
322117 BRANCHES ABROAD
32212 VARIATIONS IN THE IBNAR - RBNS
322121 REINSURANCE
322126 ACCEPTED RETROCESSIONS
322127 BRANCHES ABROAD
32213 VARIATIONS IN THE ESTIMATED SALVAGE AND REIMBURSEMENTS - RBNS
Continuation of SUSEP Circular nº 517 of 2015.
175
32214 CLAIMS EXPENSES
322141 REINSURANCE
322146 ACCEPTED RETROCESSIONS
322147 BRANCHES ABROAD
322149 LOST LAWSUIT FEES
32217 EXPENDITURE ON BENEFITS GRANTED
322171 REINSURANCE
322176 ACCEPTED RETROCESSIONS
322177 BRANCHES ABROAD
322179 LOST LAWSUIT FEES
3223 SALVAGE
32231 SALVAGE
322311 REINSURANCE
322316 ACCEPTED RETROCESSIONS
322317 BRANCHES ABROAD
3224 REIMBURSEMENTS
32241 REIMBURSEMENTS
322411 REINSURANCE
322416 ACCEPTED RETROCESSIONS
322417 BRANCHES ABROAD
3225 VARIATIONS IN THE PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
32251 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
322511 REINSURANCE
322516 ACCEPTED RETROCESSIONS
322517 BRANCHES ABROAD
322518 VARIATIONS IN THE ESTIMATED SALVAGE AND REIMBURSEMENTS
3226 VARIATIONS IN EXPENSES RELATED TO IBNR
323 COST OF BROKERAGE
3233 COST OF BROKERAGE
32331 BROKERAGE
323311 REINSURANCE
323316 ACCEPTED RETROCESSIONS
323317 BRANCHES ABROAD
32332 EXPENSES OF RISK INSPECTION
323321 REINSURANCE
323326 ACCEPTED RETROCESSIONS
323327 BRANCHES ABROAD
32333 EXPENSES OF CONTRACTS
323331 REINSURANCE
323332 ACCEPTED RETROCESSIONS
323337 BRANCHES ABROAD
32338 OTHER COSTS OF BROKERAGE
323381 REINSURANCE
Continuation of SUSEP Circular nº 517 of 2015.
176
323382 ACCEPTED RETROCESSIONS
323387 BRANCHES ABROAD
3235 VARIATIONS IN THE DEFERRED COST OF BROKERAGE
32351 VARIATIONS IN DEFERRED COST OF BROKERAGE
323511 REINSURANCE
323516 ACCEPTED RETROCESSIONS
323517 BRANCHES ABROAD
323519 CURRENT RISK ON POLICIES NOT YET ISSUED
324 OTHER OPERATING INCOME AND EXPENSES
3241 OTHER OPERATING INCOME
32418 OTHER EARNINGS FROM REINSURANCE TRANSACTIONS
324181 REINSURANCE
324186 ACCEPTED RETROCESSIONS
324187 BRANCHES ABROAD
3242 OTHER OPERATING EXPENSES
32422 COLLECTION COST
324221 REINSURANCE
324226 ACCEPTED RETROCESSIONS
324227 BRANCHES ABROAD
32423 EXPENSES OF SOCIAL SECURITY CONTRIBUTIONS
324231 REINSURANCE
324236 ACCEPTED RETROCESSIONS
324237 BRANCHES ABROAD
32425 EXPENSES OF CONTRACT MANAGEMENT
324251 REINSURANCE
324256 ACCEPTED RETROCESSIONS
324257 BRANCHES ABROAD
32426 ALLOCATED PROFIT
324261 REINSURANCE
324266 ACCEPTED RETROCESSIONS
324267 BRANCHES ABROAD
32427 REDUCTION TO RECOVERY VALUE OF RECEIVABLES
324271 PREMIUMS RECEIVABLE
324272 OTHER OPERATING CREDITS
324273 SECURITIES RECEIVABLE
324274 LOANS
324278 OTHER CREDITS
32428 OTHER REINSURANCE EXPENSES TRANSACTIONS
324281 REINSURANCE
324286 ACCEPTED RETROCESSIONS
324287 BRANCHES ABROAD
32429 SUNDRY EXPENSES
324291 EXPENSES OF PROVISIONS
3242913 PROVISIONS FOR CIVIL CONTINGENCIES
3242918 OTHER PROVISIONS
Continuation of SUSEP Circular nº 517 of 2015.
177
324298 OTHER EXPENDITURE
329 NET INCOME (EXPENSES) FROM RETROCESSION TRANSACTIONS
3291 INCOME FROM RETROCESSIONS
32911 CLAIMS INDEMNITIES
329111 RETROCESSIONS
329112 VARIATIONS IN THE IBNAR - RBNS
329113 VARIATIONS IN THE ESTIMATED SALVAGE AND REIMBURSEMENTS - RBNS
329117 BRANCHES ABROAD
32913 CLAIMS EXPENSES
329131 RETROCESSIONS
329137 BRANCHES ABROAD
32914 VARIATIONS IN THE PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
329141 PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
3291411 RETROCESSIONS
3291412 ESTIMATED SALVAGE AND REIMBURSEMENTS
3291417 BRANCHES ABROAD
32915 VARIATIONS IN EXPENSES RELATED TO IBNR
3292 INCOME FROM PROFIT SHARING
32921 RETROCESSIONS
32927 BRANCHES ABROAD
3293 RETROCESSION EXPENSES
32931 REINSURANCE PREMIUMS
329311 LOCAL REINSURER
3293111 ESTIMATED
32931111 PREMIUMS
32931112 (-) COMMISSION ON PREMIUMS CEDED IN RETROCESSION
3293112 ACTUAL
32931121 PREMIUMS
32931122 (-) COMMISSION ON PREMIUMS CEDED IN RETROCESSION
3293113 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
32931131 PREMIUMS - RENI
32931132 (-) COMMISSION ON PREMIUMS CEDED IN RETROCESSION - RENI
329312 ADMITTED REINSURER
3293121 ESTIMATED
32931211 PREMIUMS
32931212 (-) COMMISSION ON PREMIUMS CEDED IN RETROCESSION
3293122 ACTUAL
32931221 PREMIUMS
32931222 (-) COMMISSION ON PREMIUMS CEDED IN RETROCESSION
3293123 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
32931231 PREMIUMS - RENI
32931232 (-) COMMISSION ON PREMIUMS CEDED IN RETROCESSION - RENI
329313 EVENTUAL REINSURER
3293131 ESTIMATED
32931311 PREMIUMS
32931312 (-) COMMISSION ON PREMIUMS CEDED IN RETROCESSION ESTIMATED
3293132 ACTUAL
Continuation of SUSEP Circular nº 517 of 2015.
178
32931321 PREMIUMS
32931322 (-) COMMISSION ON ACTUAL PREMIUMS CEDED IN RETROCESSION
3293133 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
32931331 PREMIUMS - RENI
32931332 (-) COMMISSION ON PREMIUMS CEDED IN RETROCESSION - RENI
329317 BRANCHES ABROAD
32932 VARIATIONS IN RETROCESSION EXPENSES
329321 PROVISION FOR UNEARNED PREMIUMS
3293211 ESTIMATED
32932111 ESTIMATED PREMIUMS
32932112 (-) COMMISSION ON ESTIMATED PREMIUMS CEDED IN RETROCESSION
3293212 ACTUAL
32932121 ACTUAL PREMIUMS
32932122 (-) COMMISSION ON ACTUAL PREMIUMS CEDED IN RETROCESSION
3293213 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
32932131 PREMIUMS - RENI
32932132 (-) COMMISSION ON PREMIUMS CEDED IN RETROCESSION - RENI
3293217 BRANCHES ABROAD
329324 PROVISION FOR ADDITIONAL COVERAGE
329325 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
329326 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
329327 PROVISION FOR TECHNICAL SURPLUS
329328 OTHER PROVISIONS
3294 SALVAGE AND RECOVERY FOR RETROCESSIONNAIRE
32941 SALVAGE
329411 RETROCESSIONS
329417 BRANCHES ABROAD
32942 REIMBURSEMENTS
329421 RETROCESSIONS
329427 BRANCHES ABROAD
3299 OTHER NET INCOME (EXPENSES) FROM RETROCESSION TRANSACTIONS
33 PRIVATE SUPPLEMENTARY PENSION TRANSACTIONS
331 INCOME FROM CONTRIBUTIONS
3311 INCOME FROM CONTRIBUTIONS - FROZEN PLANS
33111 LUMP SUM PLANS - PAY-AS-YOU-GO
331111 RISK ON POLICIES ISSUED
331112 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
33112 LUMP SUM PLANS - CAPITALIZATION
331121 INSURANCE RISKS RECEIVED
33113 INCOME PLANS - PENSION - TERMINAL FUNDING
331131 RISK ON POLICIES ISSUED
331132 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
33114 INCOME PLANS - PENSION - CAPITALIZATION
331141 INSURANCE RISKS RECEIVED
33115 INCOME PLANS - DISABILITY - TERMINAL FUNDING
331151 RISK ON POLICIES ISSUED
331152 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
33116 INCOME PLANS - DISABILITY - CAPITALIZATION
Continuation of SUSEP Circular nº 517 of 2015.
179
331161 INSURANCE RISKS RECEIVED
33117 INCOME PLANS - RETIREMENT - CAPITALIZATION
331171 INSURANCE RISKS RECEIVED
331172 RISKS IN EFFECT BUT NOT YET RECEIVED
33119 REIMBURSEMENTS
331191 INCOME PLANS
331192 RISK PLANS
3312 INCOME FROM CONTRIBUTIONS - UNFROZEN PLANS
33121 LUMP SUM PLANS - PAY-AS-YOU-GO
331211 RISK ON POLICIES ISSUED
331212 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
33122 LUMP SUM PLANS - CAPITALIZATION
331221 INSURANCE RISKS RECEIVED
33123 INCOME PLANS - PENSION - TERMINAL FUNDING
331231 RISK ON POLICIES ISSUED
331232 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
33124 INCOME PLANS - PENSION - CAPITALIZATION
331241 INSURANCE RISKS RECEIVED
33125 INCOME PLANS - DISABILITY - TERMINAL FUNDING
331251 RISK ON POLICIES ISSUED
331252 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
33126 INCOME PLANS - DISABILITY - CAPITALIZATION
331261 INSURANCE RISKS RECEIVED
33127 INCOME PLANS - RETIREMENT - CAPITALIZATION
331271 INSURANCE RISKS RECEIVED
33128 VARIABLE CONTRIBUTION PLANS
331281 INSURANCE RISKS RECEIVED
331282 RISKS IN EFFECT BUT NOT YET RECEIVED
33129 REIMBURSEMENTS
331291 INCOME PLANS
331292 RISK PLANS
3313 CONTRIBUTIONS ACCEPTED IN TRANSFER
33131 LUMP SUM PLANS - PAY-AS-YOU-GO
33132 LUMP SUM PLANS - CAPITALIZATION
33133 INCOME PLANS - PENSION - TERMINAL FUNDING
33134 INCOME PLANS - PENSION - CAPITALIZATION
33135 INCOME PLANS - DISABILITY - TERMINAL FUNDING
33136 INCOME PLANS - DISABILITY - CAPITALIZATION
33137 INCOME PLANS - RETIREMENT - CAPITALIZATION
33138 VARIABLE CONTRIBUTION PLANS
33139 REIMBURSEMENTS
331391 INCOME PLANS
331392 RISK PLANS
332 VARIATIONS IN THE TECHNICAL PROVISIONS
3321 VARIATIONS IN THE TECHNICAL PROVISIONS - FROZEN PLANS
33211 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
332112 LUMP SUM PLANS - CAPITALIZATION
3321121 INSURANCE RISKS RECEIVED
3321122 RISKS IN EFFECT BUT NOT YET RECEIVED
332114 INCOME PLANS - PENSION - CAPITALIZATION
3321141 INSURANCE RISKS RECEIVED
Continuation of SUSEP Circular nº 517 of 2015.
180
3321142 RISKS IN EFFECT BUT NOT YET RECEIVED
332116 INCOME PLANS - DISABILITY - CAPITALIZATION
3321161 INSURANCE RISKS RECEIVED
3321162 RISKS IN EFFECT BUT NOT YET RECEIVED
332117 INCOME PLANS - RETIREMENT - CAPITALIZATION
3321171 INSURANCE RISKS RECEIVED
3321172 RISKS IN EFFECT BUT NOT YET RECEIVED
33212 PROVISION FOR UNEARNED PREMIUMS
332121 LUMP SUM PLANS - PAY-AS-YOU-GO
3321211 RISK ON POLICIES ISSUED
3321212 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
332123 INCOME PLANS - PENSION - TERMINAL FUNDING
3321231 RISK ON POLICIES ISSUED
3321232 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
332125 INCOME PLANS - DISABILITY - TERMINAL FUNDING
3321251 RISK ON POLICIES ISSUED
3321252 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
33219 OTHER TECHNICAL PROVISIONS
332191 PRIVATE SUPPLEMENTARY PENSION PLANS
332192 PROVISION FOR RELATED EXPENSES
332198 OTHER PROVISIONS
3322 VARIATIONS IN THE TECHNICAL PROVISIONS - UNFROZEN PLANS
33221 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
332212 LUMP SUM PLAN - CAPITALIZATION
3322121 INSURANCE RISKS RECEIVED
3322122 RISKS IN EFFECT BUT NOT YET RECEIVED
332214 INCOME PLANS - PENSION - CAPITALIZATION
3322141 LIFE ANNUITY
33221411 INSURANCE RISKS RECEIVED
33221412 RISKS IN EFFECT BUT NOT YET RECEIVED
3322142 TEMPORARY ANNUITY
33221421 INSURANCE RISKS RECEIVED
33221422 RISKS IN EFFECT BUT NOT YET RECEIVED
3322143 TERM CERTAIN ANNUITY
33221431 INSURANCE RISKS RECEIVED
33221432 RISKS IN EFFECT BUT NOT YET RECEIVED
332215 INCOME PLANS - DISABILITY - CAPITALIZATION
3322151 LIFE ANNUITY
33221511 INSURANCE RISKS RECEIVED
33221512 RISKS IN EFFECT BUT NOT YET RECEIVED
3322152 TEMPORARY ANNUITY
33221521 INSURANCE RISKS RECEIVED
33221522 RISKS IN EFFECT BUT NOT YET RECEIVED
3322153 TERM CERTAIN ANNUITY
33221531 INSURANCE RISKS RECEIVED
33221532 RISKS IN EFFECT BUT NOT YET RECEIVED
332217 INCOME PLANS - RETIREMENT - CAPITALIZATION
3322171 LIFE ANNUITY
33221711 INSURANCE RISKS RECEIVED
33221712 RISKS IN EFFECT BUT NOT YET RECEIVED
3322172 TEMPORARY ANNUITY
Continuation of SUSEP Circular nº 517 of 2015.
181
33221721 INSURANCE RISKS RECEIVED
33221722 RISKS IN EFFECT BUT NOT YET RECEIVED
3322173 TERM CERTAIN ANNUITY
33221731 INSURANCE RISKS RECEIVED
33221732 RISKS IN EFFECT BUT NOT YET RECEIVED
332218 VARIABLE CONTRIBUTION PLANS
3322181 P.G.B.L.
33222 PROVISION FOR UNEARNED PREMIUMS
332221 LUMP SUM PLANS - PAY-AS-YOU-GO
3322211 RISK ON POLICIES ISSUED
3322212 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
332223 INCOME PLANS - PENSION - TERMINAL FUNDING
3322231 RISK ON POLICIES ISSUED
33222311 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
33222312 RISKS IN EFFECT BUT NOT YET RECEIVED
3322232 TEMPORARY ANNUITY
33222321 RISK ON POLICIES ISSUED
33222322 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
3322233 TERM CERTAIN ANNUITY
33222331 RISK ON POLICIES ISSUED
33222332 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
332225 INCOME PLANS - DISABILITY - TERMINAL FUNDING
3322251 LIFE ANNUITY
33222511 RISK ON POLICIES ISSUED
33222512 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
3322252 TEMPORARY ANNUITY
33222521 RISK ON POLICIES ISSUED
33222522 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
3322253 TERM CERTAIN ANNUITY
33222531 RISK ON POLICIES ISSUED
33222532 EXISTING RISKS FOR WHICH POLICIES HAVE NOT YET BEEN ISSUED
33229 OTHER TECHNICAL PROVISIONS - PRIVATE SUPPLEMENTARY PENSION
332292 PROVISION FOR RELATED EXPENSES
3322921 RELATED EXPENSES
332293 PROVISION FOR TECHNICAL SURPLUS
3322931 LUMP SUM PLAN - PAY-AS-YOU-GO
3322932 LUMP SUM PLAN - CAPITALIZATION
3322933 INCOME PLANS - PENSION - TERMINAL FUNDING
33229331 LIFE ANNUITY
33229332 TEMPORARY ANNUITY
33229333 TERM CERTAIN ANNUITY
3322934 INCOME PLANS - PENSION - CAPITALIZATION
33229341 LIFE ANNUITY
33229342 TEMPORARY ANNUITY
33229343 TERM CERTAIN ANNUITY
3322935 INCOME PLANS - DISABILITY - TERMINAL FUNDING
33229351 LIFE ANNUITY
33229352 TEMPORARY ANNUITY
33229353 TERM CERTAIN ANNUITY
3322936 INCOME PLANS - DISABILITY - CAPITALIZATION
33229361 LIFE ANNUITY
33229362 TEMPORARY ANNUITY
Continuation of SUSEP Circular nº 517 of 2015.
182
33229363 TERM CERTAIN ANNUITY
3322937 INCOME PLANS - RETIREMENT - CAPITALIZATION
33229371 LIFE ANNUITY
33229372 TEMPORARY ANNUITY
33229373 TERM CERTAIN ANNUITY
332294 SUPPLEMENTARY PROVISION FOR CONTRIBUTIONS
332298 OTHER PROVISIONS
333 EARNINGS FROM MANAGEMENT AND OTHER FEES
3331 INCOME FROM MANAGEMENT FEES
33311 INCOME FROM MANAGEMENT FEES
3332 EARNINGS FROM ADMINISTRATION
33321 EARNINGS FROM POLICY MANAGEMENT
33322 EARNINGS FROM CORRESPONDENTS IN BRAZIL
3333 EARNINGS FROM OTHER FEES
33331 EXIT FEES
334 EXPENDITURE ON BENEFITS
3341 EXPENDITURE ON RETAINED BENEFITS
33411 EXPENDITURE ON BENEFITS
334111 ADMINISTRATIVE INCOME (EXPENSES)
3341111 FROZEN PLANS
3341112 LUMP SUM PLANS
3341113 INCOME PLANS
334112 LEGAL EXPENSES
3341121 FROZEN PLANS
3341122 LUMP SUM PLANS
3341123 INCOME PLANS
3341124 LOST LAWSUIT FEES
3343 VARIATIONS IN THE PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
33431 VARIATIONS IN THE PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
334311 VARIATIONS IN THE PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED - FROZEN PLANS
334312 VARIATIONS IN THE PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED - UNFROZEN PLANS
3344 SUPPORT SERVICES
33441 FUNERAL ASSISTANCE
33442 OTHER SERVICES
335 ACQUISITION COSTS
3351 COST OF BROKERAGE AND AGENCY
33511 COST OF BROKERAGE
335111 LUMP SUM PLANS
335112 INCOME PLANS
335113 SOCIAL SECURITY CONTRIBUTIONS
33512 AGENCY EXPENSES
Continuation of SUSEP Circular nº 517 of 2015.
183
335121 LUMP SUM PLANS
335122 INCOME PLANS
335123 SOCIAL SECURITY CONTRIBUTIONS
33514 VARIATIONS IN THE COST OF DEFERRED BROKERAGE AND AGENCY EXPENSES
335141 LUMP SUM PLANS
335142 INCOME PLANS
3352 SALES EXPENSES
33521 COLLECTION COST
335211 PRIVATE SUPPLEMENTARY PENSION PLANS
33522 SALES EXPENSES
335221 TRAINING EXPENSES
335222 TRAVEL EXPENSES
335223 PRINTING AND SALES MATERIAL EXPENSES
335224 DATA PROCESSING EXPENSES
3353 EXPENDITURE ON TECHNICAL SERVICES
33531 EXPENDITURE ON TECHNICAL FEES
335311 PRIVATE SUPPLEMENTARY PENSION PLANS
3358 OTHER ACQUISITION COSTS
33581 OTHER ACQUISITION COSTS
336 OTHER OPERATING INCOME AND EXPENSES
3361 OTHER OPERATING INCOME
33613 DISCOUNT ON PORTFOLIO TRANSFERS
33618 OTHER OPERATING INCOME
3362 OTHER OPERATING EXPENSES
33621 REDUCTION TO RECOVERY VALUE OF RECEIVABLES
336211 CONTRIBUTIONS RECEIVABLE
336212 OTHER OPERATING CREDITS
336213 SECURITIES RECEIVABLE
336214 LOANS
336218 OTHER CREDITS
33623 PREMIUM ON PORTFOLIO TRANSFERS
33624 EXPENSES OF PROVISIONS
336243 PROVISIONS FOR CIVIL CONTINGENCIES
336248 OTHER PROVISIONS
33628 OTHER OPERATING EXPENSES
339 NET INCOME (EXPENSES) FROM REINSURANCE TRANSACTIONS
3391 INCOME FROM REINSURANCE
33911 INDEMNIFICATION OF BENEFITS
339111 FROZEN PLANS
339112 LUMP SUM PLANS
339113 INCOME PLANS
33912 EXPENDITURE ON BENEFITS
339121 FROZEN PLANS
339122 LUMP SUM PLANS
Continuation of SUSEP Circular nº 517 of 2015.
184
339123 INCOME PLANS
33913 VARIATIONS IN THE PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
339131 VARIATIONS IN THE PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED
3391311 VARIATIONS IN THE PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED - FROZEN PLANS
3391312 VARIATIONS IN THE PROVISION FOR CLAIMS INCURRED BUT NOT YET REPORTED - UNFROZEN PLANS
3392 INCOME FROM PROFIT SHARING
33921 REINSURANCE CEDED
339211 LOCAL REINSURER
339212 ADMITTED REINSURER
339213 EVENTUAL REINSURER
33922 RETROCESSIONS
339221 LOCAL REINSURER
339222 ADMITTED REINSURER
339223 EVENTUAL REINSURER
3393 REINSURANCE EXPENSES
33931 CONTRIBUTIONS
339311 LUMP SUM PLANS - PAY-AS-YOU-GO
339312 LUMP SUM PLANS - CAPITALIZATION
339313 INCOME PLANS - PENSION - TERMINAL FUNDING
339314 INCOME PLANS - PENSION - CAPITALIZATION
339315 INCOME PLANS - DISABILITY - TERMINAL FUNDING
339316 INCOME PLANS - DISABILITY - CAPITALIZATION
339317 INCOME PLANS - RETIREMENT - CAPITALIZATION
339318 VARIABLE CONTRIBUTION PLANS
34 CAPITALIZATION TRANSACTIONS
341 NET EARNINGS FROM SAVINGS BONDS
3411 SAVINGS BOND REVENUE
34111 SAVINGS BONDS ISSUED AND/OR RECEIVED
341111 SAVINGS BONDS - SINGLE PAYMENT
341112 SAVINGS BONDS - MONTHLY PAYMENTS
341113 SAVINGS BONDS - PERIODIC PAYMENTS
34112 SURRENDER AND CANCELLATION OF SAVINGS BONDS
341121 SAVINGS BONDS - SINGLE PAYMENT
341122 SAVINGS BONDS - MONTHLY PAYMENTS
341123 SAVINGS BONDS - PERIODIC PAYMENTS
3412 VARIATIONS IN THE PROVISION FOR REDEMPTION
34121 REVERSAL OF PROVISION FOR REDEMPTION
341211 SAVINGS BONDS - SINGLE PAYMENT
341212 SAVINGS BONDS - MONTHLY PAYMENTS
341213 SAVINGS BONDS - PERIODIC PAYMENTS
34122 MAKING A PROVISION FOR REDEMPTION
341221 SAVINGS BONDS - SINGLE PAYMENT
341222 SAVINGS BONDS - MONTHLY PAYMENTS
341223 SAVINGS BONDS - PERIODIC PAYMENTS
Continuation of SUSEP Circular nº 517 of 2015.
185
34123 REDEMPTION EXPENSES
341231 SAVINGS BONDS - SINGLE PAYMENT
341232 SAVINGS BONDS - MONTHLY PAYMENTS
341233 SAVINGS BONDS - PERIODIC PAYMENTS
3413 VARIATIONS IN THE DEFERRED REVENUE FROM SAVINGS BONDS
34131 REVERSAL OF PROVISION FOR DEFERRED INCOME
341311 SAVINGS BONDS - SINGLE PAYMENT
34132 MAKING A PROVISION FOR DEFERRED INCOME
341321 SAVINGS BONDS - SINGLE PAYMENT
342 VARIATIONS IN THE TECHNICAL PROVISIONS
3421 VARIATIONS IN THE PROVISION FOR ADMINISTRATIVE EXPENSES
34211 REVERSAL OF THE PROVISION FOR ADMINISTRATIVE EXPENSES
342111 SAVINGS BONDS - SINGLE PAYMENT
342112 SAVINGS BONDS - MONTHLY PAYMENTS
342113 SAVINGS BONDS - PERIODIC PAYMENTS
34212 MAKING A PROVISION FOR ADMINISTRATIVE EXPENSES
342121 SAVINGS BONDS - SINGLE PAYMENT
342122 SAVINGS BONDS - MONTHLY PAYMENTS
342123 SAVINGS BONDS - PERIODIC PAYMENTS
3422 VARIATIONS IN THE PROVISION FOR PRIZE DRAW SUPPLEMENT
34221 REVERSAL OF THE PROVISION FOR PRIZE DRAW SUPPLEMENT
342211 SAVINGS BONDS - SINGLE PAYMENT
342212 SAVINGS BONDS - MONTHLY PAYMENTS
342213 SAVINGS BONDS - PERIODIC PAYMENTS
34222 MAKING A PROVISION FOR PRIZE DRAW SUPPLEMENT
342221 SAVINGS BONDS - SINGLE PAYMENT
342222 SAVINGS BONDS - MONTHLY PAYMENTS
342223 SAVINGS BONDS - PERIODIC PAYMENTS
3423 VARIATIONS IN THE PROVISION FOR BONUS PAYOUT
34231 REVERSAL OF THE PROVISION FOR BONUS PAYOUT
342311 SAVINGS BONDS - SINGLE PAYMENT
342312 SAVINGS BONDS - MONTHLY PAYMENTS
342313 SAVINGS BONDS - PERIODIC PAYMENTS
34232 MAKING A PROVISION FOR BONUS PAYOUT
342321 SAVINGS BONDS - SINGLE PAYMENT
342322 SAVINGS BONDS - MONTHLY PAYMENTS
342323 SAVINGS BONDS - PERIODIC PAYMENTS
3429 VARIATIONS IN OTHER TECHNICAL PROVISIONS
Continuation of SUSEP Circular nº 517 of 2015.
186
34291 REVERSAL OF OTHER TECHNICAL PROVISIONS
342911 SAVINGS BONDS - SINGLE PAYMENT
342912 SAVINGS BONDS - MONTHLY PAYMENTS
342913 SAVINGS BONDS - PERIODIC PAYMENTS
34292 MAKING OTHER TECHNICAL PROVISIONS
342921 SAVINGS BONDS - SINGLE PAYMENT
342922 SAVINGS BONDS - MONTHLY PAYMENTS
342923 SAVINGS BONDS - PERIODIC PAYMENTS
343 NET INCOME (EXPENSES) FROM PRIZE DRAWS
3431 VARIATIONS IN THE PROVISION FOR PRIZE DRAWS
34311 REVERSAL OF THE PROVISION FOR PRIZE DRAWS
343111 SAVINGS BONDS - SINGLE PAYMENT
343112 SAVINGS BONDS - MONTHLY PAYMENTS
343113 SAVINGS BONDS - PERIODIC PAYMENTS
34312 MAKING A PROVISION FOR PRIZE DRAWS
343121 SAVINGS BONDS - SINGLE PAYMENT
343122 SAVINGS BONDS - MONTHLY PAYMENTS
343123 SAVINGS BONDS - PERIODIC PAYMENTS
3432 EXPENSES OF PRIZE WINNING SAVINGS BONDS
34321 SAVINGS BONDS - SINGLE PAYMENT
34322 SAVINGS BONDS - MONTHLY PAYMENTS
34323 SAVINGS BONDS - PERIODIC PAYMENTS
344 ACQUISITION COST
3441 COST OF BROKERAGE
34411 COST OF BROKERAGE ON THE SALE OF SAVINGS BONDS
344111 SAVINGS BONDS - SINGLE PAYMENT
344112 SAVINGS BONDS - MONTHLY PAYMENTS
344113 SAVINGS BONDS - PERIODIC PAYMENTS
34412 COST OF BROKERAGE ON THE REDEMPTION OF SAVINGS BONDS
344121 SAVINGS BONDS - SINGLE PAYMENT
344122 SAVINGS BONDS - MONTHLY PAYMENTS
344123 SAVINGS BONDS - PERIODIC PAYMENTS
34418 OTHER COST OF BROKERAGE
344181 SAVINGS BONDS - SINGLE PAYMENT
344182 SAVINGS BONDS - MONTHLY PAYMENTS
344183 SAVINGS BONDS - PERIODIC PAYMENTS
3442 SALES EXPENSES
34422 COLLECTION COST
344221 SAVINGS BONDS - SINGLE PAYMENT
344222 SAVINGS BONDS - MONTHLY PAYMENTS
344223 SAVINGS BONDS - PERIODIC PAYMENTS
34423 SALES EXPENSES
Continuation of SUSEP Circular nº 517 of 2015.
187
344231 TRAINING EXPENSES
3442311 SAVINGS BONDS - SINGLE PAYMENT
3442312 SAVINGS BONDS - MONTHLY PAYMENTS
3442313 SAVINGS BONDS - PERIODIC PAYMENTS
344232 TRAVEL EXPENSES
3442321 SAVINGS BONDS - SINGLE PAYMENT
3442322 SAVINGS BONDS - MONTHLY PAYMENTS
3442323 SAVINGS BONDS - PERIODIC PAYMENTS
344233 PRINTING AND SALES MATERIAL EXPENSES
3442331 SAVINGS BONDS - SINGLE PAYMENT
3442332 SAVINGS BONDS - MONTHLY PAYMENTS
3442333 SAVINGS BONDS - PERIODIC PAYMENTS
344234 DATA PROCESSING EXPENSES
3442341 SAVINGS BONDS - SINGLE PAYMENT
3442342 SAVINGS BONDS - MONTHLY PAYMENTS
3442343 SAVINGS BONDS - PERIODIC PAYMENTS
344235 TELEMARKETING EXPENSES
3442351 SAVINGS BONDS - SINGLE PAYMENT
3442352 SAVINGS BONDS - MONTHLY PAYMENTS
3442353 SAVINGS BONDS - PERIODIC PAYMENTS
34424 ADVERTIZING AND PUBLICITY EXPENSES
344241 ADVERTIZING AND PUBLICITY
3442411 SAVINGS BONDS - SINGLE PAYMENT
3442412 SAVINGS BONDS - MONTHLY PAYMENTS
3442413 SAVINGS BONDS - PERIODIC PAYMENTS
344242 GIVEAWAYS
3442421 SAVINGS BONDS - SINGLE PAYMENT
3442422 SAVINGS BONDS - MONTHLY PAYMENTS
3442423 SAVINGS BONDS - PERIODIC PAYMENTS
344243 PROMOTIONS
3442431 SAVINGS BONDS - SINGLE PAYMENT
3442432 SAVINGS BONDS - MONTHLY PAYMENTS
3442433 SAVINGS BONDS - PERIODIC PAYMENTS
344248 OTHER EXPENDITURE
3442481 SAVINGS BONDS - SINGLE PAYMENT
3442482 SAVINGS BONDS - MONTHLY PAYMENTS
3442483 SAVINGS BONDS - PERIODIC PAYMENTS
34428 OTHER ACQUISITION COSTS
344281 OTHER ACQUISITION COSTS
3442811 SAVINGS BONDS - SINGLE PAYMENT
3442812 SAVINGS BONDS - MONTHLY PAYMENTS
3442813 SAVINGS BONDS - PERIODIC PAYMENTS
3445 VARIATIONS IN DEFERRED ACQUISITION COSTS - CAPITALIZATION
34451 COST OF BROKERAGE
Continuation of SUSEP Circular nº 517 of 2015.
188
344511 SAVINGS BONDS - SINGLE PAYMENT
34452 AGENCY EXPENSES
344521 SAVINGS BONDS - SINGLE PAYMENT
34458 OTHER ACQUISITION COSTS
344581 SAVINGS BONDS - SINGLE PAYMENT
345 OTHER OPERATING INCOME AND EXPENSES
3451 OTHER OPERATING INCOME
34511 PREMIUM ON PORTFOLIO TRANSFERS
345111 SAVINGS BONDS - SINGLE PAYMENT
345112 SAVINGS BONDS - MONTHLY PAYMENTS
345113 SAVINGS BONDS - PERIODIC PAYMENTS
34512 INCOME FROM THE REDEMPTION OF SAVINGS BONDS
345121 SAVINGS BONDS - SINGLE PAYMENT
345122 SAVINGS BONDS - MONTHLY PAYMENTS
345123 SAVINGS BONDS - PERIODIC PAYMENTS
34513 INCOME FROM THE LAPSING OF LIABILITIES
345131 SAVINGS BONDS - SINGLE PAYMENT
345132 SAVINGS BONDS - MONTHLY PAYMENTS
345133 SAVINGS BONDS - PERIODIC PAYMENTS
34518 OTHER EARNINGS FROM CAPITALIZATION TRANSACTIONS
345181 SAVINGS BONDS - SINGLE PAYMENT
345182 SAVINGS BONDS - MONTHLY PAYMENTS
345183 SAVINGS BONDS - PERIODIC PAYMENTS
3452 OTHER OPERATING EXPENSES
34521 DISCOUNT ON PORTFOLIO TRANSFERS
345211 SAVINGS BONDS - SINGLE PAYMENT
345212 SAVINGS BONDS - MONTHLY PAYMENTS
345213 SAVINGS BONDS - PERIODIC PAYMENTS
34522 REDUCTION TO RECOVERY VALUE OF RECEIVABLES
345221 MONTHLY PAYMENTS RECEIVABLE
3452211 SAVINGS BONDS - SINGLE PAYMENT
3452212 SAVINGS BONDS - MONTHLY PAYMENTS
3452213 SAVINGS BONDS - PERIODIC PAYMENTS
345222 OTHER OPERATING CREDITS
3452221 SAVINGS BONDS - SINGLE PAYMENT
3452222 SAVINGS BONDS - MONTHLY PAYMENTS
3452223 SAVINGS BONDS - PERIODIC PAYMENTS
345223 SECURITIES RECEIVABLE
345224 LOANS
345228 OTHER CREDITS
34524 COST OF PROVISIONS
345243 PROVISIONS FOR CIVIL CONTINGENCIES
3452431 SAVINGS BONDS - SINGLE PAYMENT
3452432 SAVINGS BONDS - MONTHLY PAYMENTS
3452433 SAVINGS BONDS - PERIODIC PAYMENTS
Continuation of SUSEP Circular nº 517 of 2015.
189
345248 OTHER PROVISIONS
3452481 SAVINGS BONDS - SINGLE PAYMENT
3452482 SAVINGS BONDS - MONTHLY PAYMENTS
3452483 SAVINGS BONDS - PERIODIC PAYMENTS
34528 OTHER EXPENSES FROM CAPITALIZATION TRANSACTIONS
345281 SAVINGS BONDS - SINGLE PAYMENT
345282 SAVINGS BONDS - MONTHLY PAYMENTS
345283 SAVINGS BONDS - PERIODIC PAYMENTS
35 ADMINISTRATIVE EXPENSES
351 EXPENSES OF COMPANY PERSONNEL
3511 EXPENSES OF COMPANY PERSONNEL
35111 ADMINISTRATIVE EXPENSES
351111 FEES - EXECUTIVE BOARD MEMBERS
351112 FEES - SUPERVISORY BOARD MEMBERS
351113 FEES - ADVISORY COMMITTEE MEMBERS
351114 FEES - FISCAL COUNCIL AND AUDIT COMMITTEE MEMBERS
351115 COMPANY REPRESENTATION
351116 COST OF LIVING ALLOWANCE
351117 GRATUITIES
351118 OTHER EXPENDITURE
35112 PAYROLL EXPENSES
351121 REMUNERATION
351122 EXCEPTIONAL SERVICES
351123 GRATUITIES
351124 13th SALARY/VACATION PAY
351125 PROVISIONS FOR LABOR CONTINGENCIES
351126 COST OF LIVING ALLOWANCE
351127 MONETARY ALLOWANCE
351128 COMPANY REPRESENTATION
351129 OTHER EXPENDITURE
35113 COST OF INDEMNITIES
351131 PRIOR NOTICE
351132 VACATION INDEMNITIES
351133 LABOR INDEMNITIES
351138 OTHER EXPENDITURE
35114 EXPENSES OF SOCIAL SECURITY CONTRIBUTIONS
351141 SOCIAL SECURITY
351142 FGTS
351148 OTHER EXPENDITURE
35115 COST OF SOCIAL ASSISTANCE
351151 HEALTH CARE
351152 EDUCATION
351153 MEALS
351154 INSURANCE
351155 PRIVATE SUPPLEMENTARY PENSION PLANS
351156 UNIFORMS
351157 CONTRIBUTIONS TO EMPLOYEE ASSOCIATIONS
Continuation of SUSEP Circular nº 517 of 2015.
190
351158 OTHER EXPENDITURE
35116 COST OF PROFESSIONAL TRAINING
351161 COMPANY PERSONNEL
351162 THIRD-PARTY SERVICES
351163 LOCATION AND OPERATIONS
351164 OFFICE MATERIALS
351165 TRAVEL
351168 OTHER EXPENDITURE
35117 EXPENSES OF EMPLOYEE NUTRITIONAL PROGRAM
351171 COMPANY PERSONNEL
351172 THIRD-PARTY SERVICES
351173 FOODSTUFFS
351174 OFFICE MATERIALS
351175 SUNDRY MATERIALS
351178 OTHER EXPENDITURE
35118 COST OF TRANSPORT VOUCHERS
351181 COST OF TRANSPORT VOUCHERS
351188 OTHER EXPENDITURE
352 COST OF THIRD-PARTY SERVICES
3521 COST OF THIRD-PARTY SERVICES
35211 PAYMENT FOR THIRD-PARTY SERVICES
352111 LAWYERS’ FEES
3521111 PRIVATE INDIVIDUAL
3521112 LEGAL ENTITY
352112 AUDITORS’ FEES
3521121 PRIVATE INDIVIDUAL
3521122 LEGAL ENTITY
352113 FEES FOR TECHNICAL SERVICES – SOFTWARE MAINTENANCE
3521131 PRIVATE INDIVIDUAL
3521132 LEGAL ENTITY
352114 FREIGHT
3521141 PRIVATE INDIVIDUAL
3521142 LEGAL ENTITY
352115 FEES FOR OTHER TECHNICAL SERVICES
3521151 PRIVATE INDIVIDUAL
3521152 LEGAL ENTITY
352118 OTHER COST OF THIRD-PARTY SERVICES
35212 SOCIAL SECURITY CONTRIBUTIONS ON THIRD-PARTY SERVICES
352121 SOCIAL SECURITY CONTRIBUTIONS
352128 OTHER COST OF THIRD-PARTY SERVICES
353 LOCATION AND OPERATING EXPENSES
3531 LOCATION AND OPERATING EXPENSES
35311 COST OF LOCATION AND MAINTENANCE
353111 RENT
353112 COMMERCIAL LEASING
Continuation of SUSEP Circular nº 517 of 2015.
191
353113 CONDOMINIUM AND OTHER FEES
353114 WATER, ELECTRICITY AND GAS
353115 CLEANING
353116 REPAIRS
353118 OTHER EXPENDITURE
35312 COST OF OFFICE MATERIALS
353121 OFFICE MATERIALS
353122 PHOTOCOPYING AND SIMILAR
353123 DIGITALIZATION AND/OR MICROFILMING OF DOCUMENTS
353124 LEGAL EXPENSES
353125 BANK EXPENSES
353128 OTHER EXPENDITURE
35313 COMMUNICATION EXPENSES
353131 CORRESPONDENCE OR COURIER SERVICES
353132 TELEPHONE AND TELEGRAMS
353138 OTHER EXPENDITURE
35314 COST OF EQUIPMENT USE
353141 RENT
353142 COMMERCIAL LEASING
353143 MAINTENANCE
353144 REPAIRS
353148 OTHER EXPENDITURE
35315 COST OF VEHICLE USE
353151 RENT
353152 COMMERCIAL LEASING
353153 REPAIRS AND MAINTENANCE
353154 FUEL
353158 OTHER EXPENDITURE
35316 TRANSPORT EXPENSES
353161 TRAVEL
353162 URBAN TRANSPORT AND TICKETS
353168 OTHER EXPENDITURE
35317 INSURANCE EXPENDITURE
353171 PROPERTY
353172 GOODS AND CHATTELS
353173 VEHICLES
353174 CIVIL LIABILITY
353178 OTHER EXPENDITURE
35318 DEPRECIATION OF ASSETS HELD FOR OWN USE
353181 PROPERTY
353182 EQUIPMENT
353183 FURNITURE, MACHINERY AND UTENSILS
353184 VEHICLES
353188 OTHER FIXED ASSETS
35319 AMORTIZATION
353191 ORGANIZATION AND IMPLEMENTATION
353192 INSTALLATIONS
Continuation of SUSEP Circular nº 517 of 2015.
192
353193 IMPROVEMENTS TO THIRD-PARTY PROPERTY
353194 COMPUTER PROGRAMS
353198 OTHER AMORTIZATION
354 ADVERTIZING AND PUBLICITY EXPENSES
3541 ADVERTIZING AND PUBLICITY EXPENSES
35411 ADVERTIZING AND PUBLICITY
35412 GIVEAWAYS
35413 PROMOTIONS
35418 OTHER EXPENDITURE
355 TAX EXPENDITURE
3551 TAX EXPENDITURE
35511 TAXES
355111 FEDERAL TAXES
355112 STATE TAXES
355113 MUNICIPAL TAXES
35512 CONTRIBUTIONS
355121 ON INSURANCE TRANSACTIONS
3551211 COFINS
3551212 PIS/PASEP
355122 ON PRIVATE SUPPLEMENTARY PENSION TRANSACTIONS
3551221 COFINS
3551222 PIS/PASEP
355123 ON CAPITALIZATION TRANSACTIONS
3551231 COFINS
3551232 PIS/PASEP
355124 TRADE UNION CONTRIBUTIONS
355125 ON REINSURANCE TRANSACTIONS
3551251 COFINS
3551252 PIS/PASEP
35518 OTHER
355181 INSPECTION FEES
355188 OTHER TAXES
356 COST OF PUBLICATIONS
3561 COST OF PUBLICATIONS
35611 LEGAL PUBLICATIONS
35612 SUNDRY ADS
35618 OTHER PUBLICATION COSTS
357 COST OF DONATIONS AND CONTRIBUTIONS
3571 COST OF DONATIONS AND CONTRIBUTIONS
35711 CONTRIBUTIONS TO SECTORIAL ENTITY
35712 DONATIONS
35713 EXPENSES OF PHILANTHROPIC PROGRAM
357131 COST OF SOCIAL ASSISTANCE
358 OTHER ADMINISTRATIVE EXPENSES
Continuation of SUSEP Circular nº 517 of 2015.
193
3581 SUNDRY ADMINISTRATIVE EXPENSES
35811 SUNDRY EXPENSES
358111 LEGAL EXPENSES
358112 NEWSPAPERS AND MAGAZINES
358113 FINES
358114 LOW VALUE OR NON-PERMANENT ASSETS
358118 OTHER EXPENDITURE
359 DPVAT ADMINISTRATIVE EXPENSES
3591 DPVAT ADMINISTRATIVE EXPENSES
35911 DPVAT
36 NET FINANCIAL INCOME (EXPENSES)
361 FINANCIAL INCOME
3611 INCOME FROM SHORT TERM OPEN MARKET INVESTMENTS
36111 INCOME FROM SHORT TERM OPEN MARKET INVESTMENTS - BRAZIL
361111 INTEREST
361115 MONETARY CORRECTION
361117 ADJUSTMENT TO MARKET VALUE
361118 OTHER EARNINGS
36112 INCOME FROM SHORT TERM OPEN MARKET INVESTMENTS – ABROAD
361121 INTEREST
361126 FOREIGN EXCHANGE VARIATIONS
361127 ADJUSTMENT TO MARKET VALUE
361128 OTHER EARNINGS
36118 OTHER FINANCIAL INCOME
361181 INCOME FROM REVERSAL OF THE REDUCTION TO RECOVERY VALUE OF FINANCIAL INVESTMENTS
361188 OTHER EARNINGS
3612 INCOME FROM PRIVATE FIXED-INCOME SECURITIES
36121 ISSUED BY FINANCIAL INSTITUTIONS
361211 INTEREST
361212 MONETARY CORRECTION
361215 ADJUSTMENT TO MARKET VALUE
361218 OTHER EARNINGS
36122 ISSUED BY NON-FINANCIAL INSTITUTIONS
361221 INTEREST
361225 MONETARY CORRECTION
361227 ADJUSTMENT TO MARKET VALUE
361228 OTHER EARNINGS
3613 INCOME FROM PUBLIC FIXED-INCOME SECURITIES
36131 INCOME FROM DOMESTIC PUBLIC DEBT SECURITIES - FEDERAL
361311 INTEREST
361315 MONETARY CORRECTION
361317 ADJUSTMENT TO MARKET VALUE
361318 OTHER EARNINGS
Continuation of SUSEP Circular nº 517 of 2015.
194
36132 INCOME FROM DOMESTIC PUBLIC DEBT SECURITIES - STATE
361321 INTEREST
361325 MONETARY CORRECTION
361327 ADJUSTMENT TO MARKET VALUE
361328 OTHER EARNINGS
36133 INCOME FROM DOMESTIC PUBLIC DEBT SECURITIES - MUNICIPAL
361331 INTEREST
361335 MONETARY CORRECTION
361337 ADJUSTMENT TO MARKET VALUE
361338 OTHER EARNINGS
36134 INCOME FROM FOREIGN PUBLIC DEBT SECURITIES
361341 INTEREST
361346 FOREIGN EXCHANGE VARIATIONS
361347 ADJUSTMENT TO MARKET VALUE
361348 OTHER EARNINGS
36138 OTHER FINANCIAL INCOME
361381 INCOME FROM REVERSAL OF THE REDUCTION TO RECOVERY VALUE OF FINANCIAL INVESTMENTS
361388 OTHER FINANCIAL INCOME
3614 INCOME FROM VARIABLE INCOME SECURITIES
36141 INCOME FROM SHARES
361411 NET INCOME (EXPENSES) FROM DISPOSALS
361412 DIVIDENDS
361413 INTEREST ON CAPITAL
361417 ADJUSTMENT TO MARKET VALUE
361418 OTHER EARNINGS
36143 INCOME FROM FINANCIAL DERIVATIVE TRANSACTIONS
361431 FORWARD TRANSACTIONS
361433 FUTURES MARKET TRANSACTIONS - DAILY ADJUSTMENTS
361434 OPTIONS TRANSACTIONS
361435 SWAP TRANSACTIONS
361438 OTHER EARNINGS
36148 OTHER FINANCIAL INCOME
361481 INCOME FROM REVERSAL OF THE REDUCTION TO RECOVERY VALUE OF FINANCIAL INVESTMENTS
361488 OTHER FINANCIAL INCOME
36149 INCOME FROM OTHER VARIABLE INCOME SECURITIES
361491 INTEREST
361495 MONETARY CORRECTION
361497 ADJUSTMENT TO MARKET VALUE
361498 OTHER EARNINGS
3615 INCOME FROM LOANS
36151 LINKED TO TECHNICAL PROVISION COVERAGE
361511 INCOME FROM MORTGAGE LENDING
3615111 INTEREST
3615115 MONETARY CORRECTION
Continuation of SUSEP Circular nº 517 of 2015.
195
3615118 OTHER EARNINGS
361518 INCOME FROM OTHER LENDING
3615181 INTEREST
3615185 MONETARY CORRECTION
3615188 OTHER EARNINGS
36152 NOT LINKED TO TECHNICAL PROVISION COVERAGE
361521 INCOME FROM MORTGAGE LENDING
3615211 INTEREST
3615215 MONETARY CORRECTION
3615218 OTHER EARNINGS
361528 INCOME FROM OTHER LENDING
3615281 INTEREST
3615285 MONETARY CORRECTION
3615288 OTHER EARNINGS
3616 FINANCIAL INCOME FROM INSURANCE TRANSACTIONS
36161 FINANCIAL INCOME - INSURANCE
361611 INTEREST
361615 MONETARY CORRECTION
361617 FOREIGN EXCHANGE VARIATIONS
361618 OTHER EARNINGS
36162 FINANCIAL INCOME - ACCEPTED CO-INSURANCE
361621 INTEREST
361625 MONETARY CORRECTION
361627 FOREIGN EXCHANGE VARIATIONS
361628 OTHER EARNINGS
36163 FINANCIAL INCOME - CO-INSURANCE CEDED
361631 INTEREST
361635 MONETARY CORRECTION
361637 FOREIGN EXCHANGE VARIATIONS
361638 OTHER EARNINGS
36165 FINANCIAL INCOME - REINSURANCE CEDED
361651 INTEREST
361655 MONETARY CORRECTION
361657 FOREIGN EXCHANGE VARIATIONS
361658 OTHER EARNINGS
36166 FINANCIAL INCOME - RETROCESSIONS
361661 INTEREST
361665 MONETARY CORRECTION
361667 FOREIGN EXCHANGE VARIATIONS
361668 OTHER EARNINGS
36167 FINANCIAL INCOME - INTERNATIONAL TRANSACTIONS - ACCEPTANCES
361671 INTEREST
361677 FOREIGN EXCHANGE VARIATIONS
361678 OTHER EARNINGS
36168 FINANCIAL INCOME - BRANCHES ABROAD
361681 INTEREST
361687 FOREIGN EXCHANGE VARIATIONS
Continuation of SUSEP Circular nº 517 of 2015.
196
361688 OTHER EARNINGS
3617 FINANCIAL INCOME FROM REINSURANCE TRANSACTIONS
36171 FINANCIAL INCOME - ACCEPTED REINSURANCE
361711 INTEREST
361715 MONETARY CORRECTION
361717 FOREIGN EXCHANGE VARIATIONS
361718 OTHER EARNINGS
36172 ACCEPTED RETROCESSIONS
361721 INTEREST
361725 MONETARY CORRECTION
361727 FOREIGN EXCHANGE VARIATIONS
361728 OTHER EARNINGS
36173 RETROCESSIONS CEDED
361731 INTEREST
361735 MONETARY CORRECTION
361737 FOREIGN EXCHANGE VARIATIONS
361738 OTHER EARNINGS
3618 INCOME FROM RETAINED DEPOSITS AND FUNDS
36182 INCOME FROM OTHER RETAINED DEPOSITS AND FUNDS
361821 INTEREST
361825 MONETARY CORRECTION
361828 OTHER EARNINGS
3619 OTHER FINANCIAL INCOME
36191 INCOME FROM COMPULSORY LOANS AND DEPOSITS
361911 INTEREST
361915 MONETARY CORRECTION
361918 OTHER EARNINGS
36192 INCOME FROM TAX CREDITS
361921 INTEREST
361925 MONETARY CORRECTION
361928 OTHER EARNINGS
36193 FINANCIAL INCOME - DPVAT CONSORTIUM
361931 FINANCIAL INCOME - DPVAT
36194 INCOME FROM JUDICIAL DEPOSITS AND TAX CONTINGENCIES
361941 INTEREST
361945 MONETARY CORRECTION
361948 OTHER EARNINGS
36195 INCOME FROM INVESTMENT FUNDS
361951 SPECIAL PURPOSE INVESTMENT FUNDS
3619511 SPECIAL PURPOSE INVESTMENT FUNDS - SECURING BENEFIT PLANS
36195111 APPRECIATION OF INVESTMENT FUND SHARES
36195112 OTHER EARNINGS
3619512 SPECIAL PURPOSE INVESTMENT FUNDS - SECURING LIFE INSURANCE
36195121 APPRECIATION OF INVESTMENT FUND SHARES
36195122 OTHER EARNINGS
Continuation of SUSEP Circular nº 517 of 2015.
197
3619513 OTHER SPECIAL PURPOSE INVESTMENT FUNDS
36195131 VARIATIONS IN THE VALUE OF INVESTMENT FUND SHARES
36195132 ADJUSTMENT TO MARKET VALUE
36195133 OTHER EARNINGS
361952 SHARES IN OTHER INVESTMENT FUNDS
3619521 VARIATIONS IN THE VALUE OF INVESTMENT FUND SHARES
3619522 ADJUSTMENT TO MARKET VALUE
3619523 OTHER EARNINGS
36196 INVESTMENT FUNDS - DPVAT
361961 VARIATIONS IN THE VALUE OF INVESTMENT FUND SHARES
361962 ADJUSTMENT TO MARKET VALUE
361963 OTHER EARNINGS
36197 INCOME FROM INTEREST ON CAPITAL
361971 INTEREST
36198 FINANCIAL INCOME - PRIVATE SUPPLEMENTARY PENSION
361981 INTEREST
361985 MONETARY CORRECTION
36199 SUNDRY FINANCIAL INCOME
361991 INTEREST
361995 MONETARY CORRECTION
361998 OTHER EARNINGS
362 FINANCIAL EXPENSES
3621 EXPENSES OF VARIABLE INCOME SECURITIES
36211 SHARE EXPENSES
362112 NET INCOME (EXPENSES) FROM DISPOSALS
362118 OTHER EXPENDITURE
36212 EXPENSES OF FINANCIAL DERIVATE TRANSACTIONS
362121 FORWARD MARKET
362123 FUTURES AND OPTIONS MARKETS
362125 SWAP TRANSACTIONS
36213 EXPENSES OF INVESTMENT FUND SHARES
362131 VARIATIONS IN THE VALUE OF INVESTMENT FUND SHARES
362138 OTHER EXPENDITURE
36217 EXPENSES OF OTHER VARIABLE INCOME SECURITIES
362171 NET INCOME (EXPENSES) FROM DISPOSALS
362178 OTHER EXPENDITURE
3622 FINANCIAL EXPENSES OF FIXED INCOME SECURITIES
36221 NET INCOME (EXPENSES) FROM DISPOSALS
36227 ADJUSTMENT TO MARKET VALUE
36228 OTHER EXPENDITURE
3623 FINANCIAL EXPENSES OF INSURANCE TRANSACTIONS - PROPERTY AND GROUP LIFE
36231 FINANCIAL EXPENSES - INSURANCE
362311 INTEREST
Continuation of SUSEP Circular nº 517 of 2015.
198
362315 MONETARY CORRECTION
362317 FOREIGN EXCHANGE VARIATIONS
362318 OTHER EXPENDITURE
36232 FINANCIAL EXPENSES - ACCEPTED CO-INSURANCE
362321 INTEREST
362325 MONETARY CORRECTION
362327 FOREIGN EXCHANGE VARIATIONS
362328 OTHER EXPENDITURE
36233 FINANCIAL EXPENSES - CO-INSURANCE CEDED
362331 INTEREST
362335 MONETARY CORRECTION
362337 FOREIGN EXCHANGE VARIATIONS
362338 OTHER EXPENDITURE
36234 FINANCIAL EXPENSES - PROVISION FOR OUTSTANDING CLAIMS
362341 INTEREST
362345 MONETARY CORRECTION
362347 FOREIGN EXCHANGE VARIATIONS
362348 OTHER FINANCIAL EXPENSES
36235 FINANCIAL EXPENSES - REINSURANCE CEDED
362351 REINSURER - LOCAL
3623511 INTEREST
3623515 MONETARY CORRECTION
3623517 FOREIGN EXCHANGE VARIATIONS
3623518 OTHER EXPENDITURE
362352 REINSURER - ADMITTED
3623521 INTEREST
3623525 MONETARY CORRECTION
3623527 FOREIGN EXCHANGE VARIATIONS
3623528 OTHER EXPENDITURE
362353 REINSURER - EVENTUAL
3623531 INTEREST
3623535 MONETARY CORRECTION
3623537 FOREIGN EXCHANGE VARIATIONS
3623538 OTHER EXPENDITURE
36236 FINANCIAL EXPENSES - RETROCESSIONS
362361 REINSURER - LOCAL
3623611 INTEREST
3623615 MONETARY CORRECTION
3623617 FOREIGN EXCHANGE VARIATIONS
3623618 OTHER EXPENDITURE
362362 REINSURER - ADMITTED
3623621 INTEREST
3623625 MONETARY CORRECTION
3623627 FOREIGN EXCHANGE VARIATIONS
3623628 OTHER EXPENDITURE
362363 REINSURER - EVENTUAL
3623631 INTEREST
3623635 MONETARY CORRECTION
3623637 FOREIGN EXCHANGE VARIATIONS
3623638 OTHER EXPENDITURE
Continuation of SUSEP Circular nº 517 of 2015.
199
36237 FINANCIAL EXPENSES - INTERNATIONAL TRANSACTIONS - ACCEPTANCES
362371 INTEREST
362377 FOREIGN EXCHANGE VARIATIONS
362378 OTHER EXPENDITURE
36238 FINANCIAL EXPENSES - BRANCHES ABROAD
362381 INTEREST
362387 FOREIGN EXCHANGE VARIATIONS
362388 OTHER EXPENDITURE
36239 FINANCIAL EXPENSES - DPVAT
362391 FINANCIAL EXPENSES - DPVAT
3624 FINANCIAL EXPENSES OF TECHNICAL PROVISIONS - LIFE - INDIVIDUAL AND LIFE - WITH
SURVIVOR COVERAGE
36241 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
362411 INTEREST
362412 MONETARY CORRECTION
362414 FINANCIAL SURPLUS
362418 OTHER FINANCIAL EXPENSES
36242 PROVISION FOR UNEARNED PREMIUMS
362421 INTEREST
362422 MONETARY CORRECTION
362428 OTHER FINANCIAL EXPENSES
36245 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
362451 INTEREST
362452 MONETARY CORRECTION
362458 OTHER FINANCIAL EXPENSES
36246 PROVISION FOR FINANCIAL SURPLUS
362461 INTEREST
362462 MONETARY CORRECTION
362468 OTHER FINANCIAL EXPENSES
36247 PROVISION FOR OUTSTANDING CLAIMS
362471 INTEREST
362472 MONETARY CORRECTION
362478 OTHER FINANCIAL EXPENSES
36248 PROVISION FOR REDEMPTIONS AND/OR OTHER AMOUNTS TO BE SETTLED
362481 INTEREST
362482 MONETARY CORRECTION
362488 OTHER FINANCIAL EXPENSES
36249 OTHER PROVISIONS
362491 INTEREST
362492 MONETARY CORRECTION
362498 OTHER FINANCIAL EXPENSES
3625 FINANCIAL EXPENSES - REINSURANCE TRANSACTIONS
36251 FINANCIAL EXPENSES REINSURANCE ACCEPTED
362511 INTEREST
Continuation of SUSEP Circular nº 517 of 2015.
200
362515 MONETARY CORRECTION
362517 FOREIGN EXCHANGE VARIATIONS
362518 OTHER EXPENDITURE
36252 ACCEPTED RETROCESSIONS
362521 INTEREST
362525 MONETARY CORRECTION
362527 FOREIGN EXCHANGE VARIATIONS
362528 OTHER EXPENDITURE
36253 RETROCESSIONS CEDED
362531 INTEREST
362535 MONETARY CORRECTION
362537 FOREIGN EXCHANGE VARIATIONS
362538 OTHER EXPENDITURE
3626 FINANCIAL EXPENSES OF TECHNICAL PROVISIONS - PRIVATE SUPPLEMENTARY PENSION -
FROZEN PLANS
36261 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
362611 INTEREST
362612 MONETARY CORRECTION
362618 OTHER FINANCIAL EXPENSES
36262 PROVISION FOR UNEARNED PREMIUMS
362621 INTEREST
362622 MONETARY CORRECTION
362628 OTHER FINANCIAL EXPENSES
36265 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
362651 INTEREST
362652 MONETARY CORRECTION
362658 OTHER FINANCIAL EXPENSES
36267 PROVISION FOR OUTSTANDING CLAIMS
362671 INTEREST
362672 MONETARY CORRECTION
362678 OTHER FINANCIAL EXPENSES
3627 FINANCIAL EXPENSES OF TECHNICAL PROVISIONS - PRIVATE SUPPLEMENTARY PENSION -
UNFROZEN PLANS
36271 MATHEMATICAL PROVISION FOR FUTURE BENEFIT PAYMENTS
362711 INTEREST
362712 MONETARY CORRECTION
362714 FINANCIAL SURPLUS
362718 OTHER FINANCIAL EXPENSES
36272 PROVISION FOR UNEARNED PREMIUMS
362721 INTEREST
362722 MONETARY CORRECTION
362728 OTHER FINANCIAL EXPENSES
36275 MATHEMATICAL PROVISION FOR BENEFITS GRANTED
362751 INTEREST
362752 MONETARY CORRECTION
Continuation of SUSEP Circular nº 517 of 2015.
201
362758 OTHER FINANCIAL EXPENSES
36276 PROVISION FOR FINANCIAL SURPLUS
362761 INTEREST
362762 MONETARY CORRECTION
362768 OTHER FINANCIAL EXPENSES
36277 PROVISION FOR OUTSTANDING CLAIMS
362771 INTEREST
362772 MONETARY CORRECTION
362778 OTHER FINANCIAL EXPENSES
36278 PROVISION FOR REDEMPTIONS AND/OR OTHER AMOUNTS TO BE SETTLED
362781 INTEREST
362782 MONETARY CORRECTION
362788 OTHER FINANCIAL EXPENSES
36279 OTHER PROVISIONS
362791 INTEREST
362792 MONETARY CORRECTION
362798 OTHER FINANCIAL EXPENSES
3628 FINANCIAL EXPENSES OF TECHNICAL PROVISIONS - CAPITALIZATION
36281 MATHEMATICAL PROVISION FOR CAPITALIZATION
362811 INTEREST
3628111 SAVINGS BONDS - SINGLE PAYMENT
3628112 SAVINGS BONDS - MONTHLY PAYMENTS
3628113 SAVINGS BONDS - PERIODIC PAYMENTS
362812 MONETARY CORRECTION
3628121 SAVINGS BONDS - SINGLE PAYMENT
3628122 SAVINGS BONDS - MONTHLY PAYMENTS
3628123 SAVINGS BONDS - PERIODIC PAYMENTS
362818 OTHER EXPENDITURE
3628181 SAVINGS BONDS - SINGLE PAYMENT
3628182 SAVINGS BONDS - MONTHLY PAYMENTS
3628183 SAVINGS BONDS - PERIODIC PAYMENTS
36282 PROVISION FOR PRIZE DRAWS TO BE HELD
362821 INTEREST
3628211 SAVINGS BONDS - SINGLE PAYMENT
3628212 SAVINGS BONDS - MONTHLY PAYMENTS
3628213 SAVINGS BONDS - PERIODIC PAYMENTS
362822 MONETARY CORRECTION
3628221 SAVINGS BONDS - SINGLE PAYMENT
3628222 SAVINGS BONDS - MONTHLY PAYMENTS
3628223 SAVINGS BONDS - PERIODIC PAYMENTS
362828 OTHER EXPENDITURE
3628281 SAVINGS BONDS - SINGLE PAYMENT
3628282 SAVINGS BONDS - MONTHLY PAYMENTS
3628283 SAVINGS BONDS - PERIODIC PAYMENTS
Continuation of SUSEP Circular nº 517 of 2015.
202
36285 PROVISION FOR ADMINISTRATIVE EXPENSES
362851 INTEREST
3628511 SAVINGS BONDS - SINGLE PAYMENT
3628512 SAVINGS BONDS - MONTHLY PAYMENTS
3628513 SAVINGS BONDS - PERIODIC PAYMENTS
362852 MONETARY CORRECTION
3628521 SAVINGS BONDS - SINGLE PAYMENT
3628522 SAVINGS BONDS - MONTHLY PAYMENTS
3628523 SAVINGS BONDS - PERIODIC PAYMENTS
362858 OTHER EXPENDITURE
3628581 SAVINGS BONDS - SINGLE PAYMENT
3628582 SAVINGS BONDS - MONTHLY PAYMENTS
3628583 SAVINGS BONDS - PERIODIC PAYMENTS
36286 PROVISION FOR REDEMPTION OF OVERDUE SECURITIES
362862 MONETARY CORRECTION
3628621 SAVINGS BONDS - SINGLE PAYMENT
3628622 SAVINGS BONDS - MONTHLY PAYMENTS
3628623 SAVINGS BONDS - PERIODIC PAYMENTS
362868 OTHER EXPENDITURE
3628681 SAVINGS BONDS - SINGLE PAYMENT
3628682 SAVINGS BONDS - MONTHLY PAYMENTS
3628683 SAVINGS BONDS - PERIODIC PAYMENTS
36287 PROVISION FOR PRIZES PAYABLE
362872 MONETARY CORRECTION
3628721 SAVINGS BONDS - SINGLE PAYMENT
3628722 SAVINGS BONDS - MONTHLY PAYMENTS
3628723 SAVINGS BONDS - PERIODIC PAYMENTS
362878 OTHER EXPENDITURE
3628781 SAVINGS BONDS - SINGLE PAYMENT
3628782 SAVINGS BONDS - MONTHLY PAYMENTS
3628783 SAVINGS BONDS - PERIODIC PAYMENTS
36288 PROVISION FOR REDEMPTIONS ANTECIPADOS
362882 MONETARY CORRECTION
3628821 SAVINGS BONDS - SINGLE PAYMENT
3628822 SAVINGS BONDS - MONTHLY PAYMENTS
3628823 SAVINGS BONDS - PERIODIC PAYMENTS
362888 OTHER EXPENDITURE
3628881 SAVINGS BONDS - SINGLE PAYMENT
3628882 SAVINGS BONDS - MONTHLY PAYMENTS
3628883 SAVINGS BONDS - PERIODIC PAYMENTS
Continuation of SUSEP Circular nº 517 of 2015.
203
36289 OTHER PROVISIONS
362892 MONETARY CORRECTION
3628921 SAVINGS BONDS - SINGLE PAYMENT
3628922 SAVINGS BONDS - MONTHLY PAYMENTS
3628923 SAVINGS BONDS - PERIODIC PAYMENTS
362898 OTHER EXPENDITURE
3628981 SAVINGS BONDS - SINGLE PAYMENT
3628982 SAVINGS BONDS - MONTHLY PAYMENTS
3628983 SAVINGS BONDS - PERIODIC PAYMENTS
3629 OTHER FINANCIAL EXPENSES
36291 EXPENSES COM MORTGAGE LOANS
362911 INTEREST
362915 MONETARY CORRECTION
362918 OTHER EXPENDITURE
36292 EXPENSES COM BANK LOANS
362921 INTEREST
362925 MONETARY CORRECTION
362928 OTHER EXPENDITURE
36293 EXPENSES COM OTHER LOANS
362931 INTEREST
362935 MONETARY CORRECTION
362938 OTHER EXPENDITURE
36294 EXPENSES FROM THE REDUCTION TO RECOVERY VALUE OF MARKETABLE SECURITIES
362941 REDUCTION TO RECOVERY VALUE OF FIXED-INCOME SECURITIES
362942 REDUCTION TO RECOVERY VALUE OF VARIABLE INCOME SECURITIES
36295 FINANCIAL EXPENSES FROM TAX CHARGES
362951 INTEREST
362952 MONETARY CORRECTION
362958 OTHER EXPENDITURE
36296 EXPENDITURE ON INTEREST ON CAPITAL
362961 INTEREST
36297 FINANCIAL ASSISTANCE
362971 EXPENSES OF COMMISSIONS ON FINANCIAL ASSISTANCE TO PARTICIPANTS
362972 EXPENSES OF PROVISION FOR RISK ON FINANCIAL ASSISTANCE
362978 OTHER EXPENDITURE
36298 EXPENSES OF TAXES AND CONTRIBUTIONS ON FINANCIAL TRANSACTIONS
362981 INCOME TAX
362982 IOF TAX
362983 PROVISIONAL CONTRIBUTION ON FINANCIAL TRANSACTIONS
362988 OTHER EXPENDITURE
36299 SUNDRY FINANCIAL EXPENSES
362991 INTEREST
Continuation of SUSEP Circular nº 517 of 2015.
204
362992 MONETARY CORRECTION
362994 DPVAT
362998 OTHER EXPENDITURE
37 NET EQUITY ACCOUNTING INCOME (EXPENSES)
371 EQUITY ACCOUNTING INCOME
3711 EQUITY ACCOUNTING INCOME
37111 PROPERTY INCOME
371111 RENT
371118 OTHER EARNINGS
37112 ADJUSTMENT OF INVESTMENTS IN SUBSIDIARIES AND AFFILIATES
371121 NET EQUITY ACCOUNTING INCOME (EXPENSES)
371122 AMORTIZATION OF DISCOUNTS
371123 FOREIGN EXCHANGE VARIATIONS ON INVESTMENTS
37113 OTHER INVESTMENTS
371131 DIVIDENDS AND OTHER INCOME
371138 OTHER EARNINGS
372 EQUITY ACCOUNTING EXPENSES
3721 EQUITY ACCOUNTING EXPENSES
37211 EXPENDITURE ON PROPERTY HELD FOR INCOME OR SALE
372111 EXPENSES OF THIRD-PARTY SERVICES
372112 REPAIRS AND MAINTENANCE
372113 TAXES, FEES AND INSURANCE
372114 CONDOMINIUM FEES
372115 DEPRECIATION
372116 RECOVERY OF EXPENSES
372118 OTHER EXPENDITURE
372119 EXPENSES FROM THE REDUCTION TO RECOVERY VALUE OF RENT RECEIVABLE
37212 ADJUSTMENT OF INVESTMENTS IN SUBSIDIARIES AND AFFILIATES
372121 EQUITY ACCOUNTING INCOME (EXPENSES)
372122 AMORTIZATION OF PREMIUMS
37213 OTHER INVESTMENTS
372131 REDUCTION TO RECOVERY VALUE
372138 OTHER EXPENDITURE
38 NET GAINS OR LOSSES ON NON-CURRENT ASSETS
381 NET INCOME (EXPENSES) FROM THE SALE OF FIXED ASSETS
3811 NET INCOME (EXPENSES) FROM THE SALE OF FIXED ASSETS
38111 INCOME FROM DISPOSALS
381111 INVESTMENTS
381112 PROPERTY
381113 EQUIPMENT
381114 FURNITURE, MACHINERY AND UTENSILS
381115 VEHICLES
381118 OTHER ASSETS
Continuation of SUSEP Circular nº 517 of 2015.
205
38112 NET BOOK VALUE
381121 INVESTMENTS
381122 PROPERTY
381123 EQUIPMENT
381124 FURNITURE, MACHINERY AND UTENSILS
381125 VEHICLES
381128 OTHER ASSETS
38113 EXPENSES RELATED TO DISPOSALS
381131 INVESTMENTS
381132 PROPERTY
381133 EQUIPMENT
381134 FURNITURE, MACHINERY AND UTENSILS
381135 VEHICLES
381138 OTHER ASSETS
382 NET INCOME (EXPENSES) FROM OTHER TRANSACTIONS
3821 NET INCOME (EXPENSES) FROM OTHER TRANSACTIONS
38211 OTHER NON-CURRENT EARNINGS
382118 OTHER EARNINGS
38212 OTHER NON-CURRENT EXPENDITURE
382128 OTHER EXPENDITURE
383 REDUCTION TO RECOVERY VALUE
3831 REDUCTION TO RECOVERY VALUE
38311 REDUCTION TO RECOVERY VALUE
39 TAXES AND PROFIT SHARING
391 TAXES AND CONTRIBUTIONS
3911 TAXES AND CONTRIBUTIONS
39111 TAXES AND CONTRIBUTIONS
391111 INCOME TAX
391112 SOCIAL CONTRIBUTION
392 PROFIT SHARING
3921 PROFIT SHARING
39211 PROFIT SHARING EXPENSES
392111 MANAGEMENT
392112 STAFF
392118 OTHER
206-212
ADDENDUM XI
CONSOLIDATED ACCOUNTS
CONSOLIDATION OF THE ASSET ACCOUNTS FOR PUBLICATION
PUBLICATION MODEL ANALYTICAL MODEL
CURRENT ASSETS
LIQUID ASSETS
CASH AND BANKS 1111 CASH
1112 AMOUNTS IN TRANSIT
1113 BANK ACCOUNT DEPOSITS
CASH EQUIVALENTS 1115 INVESTMENTS - CASH EQUIVALENTS
SHORT TERM INVESTMENTS 1121 FIXED INCOME SECURITIES – PRIVATE
1122 FIXED INCOME SECURITIES – PUBLIC
1123 VARIABLE INCOME SECURITIES
1126 INVESTMENT FUND UNITS
1127 SHORT TERM INVESTMENTS ABROAD
1128 OTHER SHORT TERM INVESTMENTS
CREDITS FROM INSURANCE AND
REINSURANCE TRANSACTIONS
PREMIUMS RECEIVABLE 1131 PREMIUMS RECEIVABLE
TRANSACTIONS WITH INSURERS 1132 INSURERS - BRAZIL
1133 INSURERS - ABROAD
TRANSACTIONS WITH REINSURERS 113411, 113421,
113431
PREMIUMS
1134142, 1134242,
1134342
CLAIMS SETTLED
113418, 113428,
113438
OTHER CREDITS
11349 REDUCTION TO RECOVERY VALUE
CREDITS FROM PRIVATE
SUPPLEMENTARY PENSION
TRANSACTIONS
AMOUNTS RECEIVABLE 1135 AMOUNTS RECEIVABLE
REINSURANCE CREDITS 113611 to 113619 CREDITS FROM PRIVATE SUPPLEMENTARY
PENSION REINSURANCE
TRANSFERS 113621 to 113629 PRIVATE SUPPLEMENTARY PENSION
TRANSFERS
CREDITS FROM CAPITALIZATION
TRANSACTIONS
CREDITS FROM CAPITALIZATION
TRANSACTIONS
11371 CREDITS FROM CAPITALIZATION
TRANSACTIONS
11372 CREDITS FROM TRANSACTIONS WITH
PARTNER INSTITUTIONS
11378 PORTFOLIO TRANSFER - CAPITALIZATION
11379 REDUCTION TO RECOVERY VALUE
OTHER OPERATING CREDITS 1138 OTHER OPERATING CREDITS
REINSURANCE AND
RETROCESSION ASSETS
1191 PREMIUMS - REINSURANCE
1192 PREMIUMS - RETROCESSION
1193 CLAIMS - REINSURANCE
1194 CLAIMS - RETROCESSION
1197 OTHER TECHNICAL PROVISIONS
1198 OTHER REINSURANCE AND RETROCESSION
ASSETS
1199 REDUCTION TO RECOVERY VALUE
SECURITIES AND CREDITS
RECEIVABLE
SECURITIES AND CREDITS
RECEIVABLE
1141 CREDITS RECEIVABLE
1142 SECURITIES RECEIVABLE
TAX AND SOCIAL SECURITY
CREDITS
1144 TAX AND SOCIAL SECURITY CREDITS
JUDICIAL DEPOSITS AND TAX
CONTINGENCIES
1147 JUDICIAL DEPOSITS AND TAX
CONTINGENCIES
FINANCIAL ASSISTANCE TO
PARTICIPANTS
1149 FINANCIAL ASSISTANCE TO PARTICIPANTS
OTHER CREDITS 1143 LOANS
1145 ADVANCES TO EMPLOYEES
1146 ADMINISTRATIVE ADVANCES
1148 OTHER CREDITS
OTHER ASSETS
ASSETS FOR SALE 1151 NON-CURRENT ASSETS HELD FOR SALE
OTHER ASSETS 11521 INVENTORY
11531 PREMISSES IN BRAZIL
11541 ADVANCES FOR CULTURAL AND OTHER
SUPPORT
11551 CHEQUES AND ORDERS RECEIVABLE
11581 OTHER ASSETS
11529, 11539, 11549,
11559, 11589
REDUCTION TO RECOVERY VALUE
COMPULSORY LOANS AND
DEPOSITS
116 COMPULSORY LOANS AND DEPOSITS
PRE-PAID EXPENSES 1171 OPERATING
1172 ADMINISTRATIVE
DEFERRED ACQUISITION COSTS
INSURANCE 11811, 11821 ACQUISITION COST – INSURANCE
PRIVATE PENSIONS 11813, 11823 ACQUISITION COST – PRIVATE
SUPPLEMENTARY PENSIONS
CAPITALIZATION 11814, 11824 ACQUISITION COST – CAPITALIZATION
REINSURANCE 11812, 11822 BROKERAGE COMMISSIONS – REINSURANCE
NON-CURRENT ASSETS
LONG TERM ASSETS
SHORT TERM INVESTMENTS 12111 FIXED INCOME SECURITIES – PRIVATE
12112 FIXED INCOME SECURITIES – PUBLIC
12113 VARIABLE INCOME SECURITIES
12115 TAX INCENTIVE INVESTMENTS
12116 INVESTMENT FUND SHARES
12117 SHORT TERM INVESTMENTS ABROAD
12118 OTHER SHORT TERM INVESTMENTS
12119 SHORT TERM FINANCIAL INVESTMENTS
FROZEN BY COURT ORDER
CREDITS FROM INSURANCE AND
REINSURANCE TRANSACTIONS
PREMIUMS RECEIVABLE 12121 PREMIUMS RECEIVABLE
TRANSACTIONS WITH INSURERS 12122 INSURERS - BRAZIL
12123 INSURERS - ABROAD
TRANSACTIONS WITH REINSURERS 12124111,
12124211, 12124311
PREMIUMS
1212418, 1212428,
1212438
OTHER CREDITS
121249 REDUCTION TO RECOVERY VALUE
CREDITS FROM PRIVATE
SUPPLEMENTARY PENSION
TRANSACTIONS
AMOUNTS RECEIVABLE 12125 AMOUNTS RECEIVABLE
REINSURANCE CREDITS 1212611 to 1212619 CREDITS FROM PRIVATE SUPPLEMENTARY
PENSION REINSURANCE
TRANSFERS 1212621 to 1212629 PRIVATE SUPPLEMENTARY PENSION
TRANSFERS
CREDITS FROM CAPITALIZATION
TRANSACTIONS
CREDITS FROM CAPITALIZATION
TRANSACTIONS
12127 CREDITS FROM CAPITALIZATION
TRANSACTIONS
OTHER OPERATING CREDITS 12128 OTHER OPERATING CREDITS
REINSURANCE AND
RETROCESSION ASSETS
12181 DEFERRED REINSURANCE PREMIUMS
12182 DEFERRED RETROCESSION PREMIUMS
12183 CLAIMS - REINSURANCE
12184 CLAIMS - RETROCESSION
12187 OTHER TECHNICAL PROVISIONS
12188 OTHER REINSURANCE AND RETROCESSION
ASSETS
12189 REDUCTION TO RECOVERY VALUE
SECURITIES AND CREDITS
RECEIVABLE
SECURITIES AND CREDITS
RECEIVABLE
12131 CREDITS RECEIVABLE
12132 SECURITIES RECEIVABLE
TAX AND SOCIAL SECURITY
CREDITS
12134 TAX AND SOCIAL SECURITY CREDITS
JUDICIAL DEPOSITS AND TAX 12135 JUDICIAL DEPOSITS AND TAX
CONTINGENCIES CONTINGENCIES
FINANCIAL ASSISTANCE TO
PARTICIPANTS
12139 FINANCIAL ASSISTANCE TO PARTICIPANTS
OTHER OPERATING CREDITS 12133 LOANS
12138 OTHER CREDITS RECEIVABLE
OTHER ASSETS 1214 OTHER ASSETS
COMPULSORY LOANS AND
DEPOSITS
1215 COMPULSORY LOANS AND DEPOSITS
PRE-PAID EXPENSES 12161 OPERATING EXPENSES
12162 ADMINISTRATIVE EXPENSES
12168 OTHER EXPENSES
DEFERRED ACQUISITION COSTS
INSURANCE 121711, 121721 ACQUISITION COST – INSURANCE
PRIVATE PENSIONS 121713, 121723 ACQUISITION COST – PRIVATE
SUPPLEMENTARY PENSIONS
CAPITALIZATION 121714, 121724 ACQUISITION COST – CAPITALIZATION
REINSURANCE 121712, 121722 BROKERAGE COMMISSIONS – REINSURANCE
INVESTMENTS
EQUITY HOLDINGS 1221 to 1222 EQUITY HOLDINGS
PROPERTY HELD TO GENERATE
INCOME
1225 URBAN PROPERTY
1226 RURAL PROPERTY
ADVANCE FOR INVESTMENT
ACQUISITION
1229 ADVANCE FOR INVESTMENT ACQUISITION
OTHER INVESTMENTS 1223 TAX INCENTIVES
1224 INVESTMENT IN GOLD
1228 OTHER INVESTMENTS
FIXED ASSETS
PROPERTY FOR OWN USE 1231 PROPERTY FOR OWN USE
GOODS AND CHATTELS 1232 EQUIPMENT
1233 FURNITURE, MACHINERY AND UTENSILS
1234 VEHICLES
OTHER FIXED ASSETS 1235 CONSTRUCTION IN PROGRESS
1238 OTHER FIXED ASSETS
INTANGIBLE ASSETS
PREMIUM ON PORTFOLIO
TRANSFER
1243 PREMIUM ON PORTFOLIO TRANSFER
OTHER INTANGIBLE ASSETS 1248 OTHER INTANGIBLE ASSETS
DEFERRED ASSETS 125 DEFERRED ASSETS
Continuation of SUSEP Circular nº 517 of 2015.
213-222
CONSOLIDATION OF THE LIABILITY ACCOUNTS FOR PUBLICATION
PUBLICATION MODEL ANALYTICAL MODEL
CURRENT LIABILITIES
ACCOUNTS PAYABLE
LIABILITIES PAYABLE 2111 LIABILITIES PAYABLE
TAXES AND SOCIAL
CONTRIBUTIONS PAYABLE
2112 TAXES AND SOCIAL CONTRIBUTIONS
PAYABLE
PAYROLL TAXES 2113 PAYROLL TAXES
LOANS AND FINANCING 2114 LOANS
2115 FINANCING
TAXES AND CONTRIBUTIONS 2116 TAXES AND CONTRIBUTIONS
OTHER ACCOUNTS PAYABLE 2117 PREMISSES IN BRAZIL
2118 CULTURAL AND WELFARE PROGRAMS FOR
PARTICIPANTS
2119 OTHER ACCOUNTS PAYABLE
DEBITS FROM INSURANCE AND
REINSURANCE TRANSACTIONS
PREMIUMS TO BE REFUNDED 2121 PREMIUMS TO BE REFUNDED
TRANSACTIONS WITH INSURERS 2122 INSURERS
TRANSACTIONS WITH
REINSURERS
2123 REINSURERS
INSURANCE AND REINSURANCE
BROKERS
2124 INSURANCE AND REINSURANCE BROKERS
2125 COMMISSIONS AND INTEREST ON
PREMIUMS ISSUED
OTHER OPERATING DEBITS 2128 OTHER OPERATING DEBITS
DEBITS FROM PRIVATE
SUPPLEMENTARY PENSION
TRANSACTIONS
CONTRIBUTIONS TO BE
REFUNDED
2131 CONTRIBUTIONS TO BE REFUNDED
REINSURANCE DEBITS 21321 SUPPLEMENTARY PENSION REINSURANCE
DEBITS
TRANSFERS 21322 SUPPLEMENTARY PENSION TRANSFERS
INSURANCE TRANSACTIONS 21323 INSURANCE TRANSACTIONS
OTHER OPERATING DEBITS 21324 CORRESPONDENT TRANSACTIONS IN BRAZIL
2133 AGENTS AND CORRESPONDENTS
2135 PORTFOLIO TRANSFERS
2138 OTHER OPERATING DEBITS
DEBITS FROM CAPITALIZATION
TRANSACTIONS
OPERATING DEBITS 214 DEBITS FROM CAPITALIZATION
TRANSACTIONS
THIRD PARTY DEPOSITS 2151 SHAREHOLDERS – DEPOSIT ACCOUNTS
2152 ADVANCE BILLING OF PREMIUMS
2154 PREMIUMS AND FEES RECEIVED
2155 AMOUNTS FOR RECLASSIFICATION –
PRIVATE SUPPLEMENTARY PENSION
2156 AMOUNTS FOR RECLASSIFICATION –
CAPITALIZATION
2158 OTHER DEPOSITS
TECHNICAL PROVISIONS –
INSURANCE
PROPERTY 21611 PROVISION FOR UNEARNED PREMIUMS
21613 PROVISION FOR ADDITIONAL COVERAGE
21615 PROVISION FOR OUTSTANDING CLAIMS
21616 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
21617 PROVISION FOR RELATED EXPENSES
21619 OTHER PROVISIONS
PERSONAL 21621 PROVISION FOR UNEARNED PREMIUMS
21623 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
21624 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
21625 PROVISION FOR OUTSTANDING CLAIMS
21626 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
21627 PROVISION FOR RELATED EXPENSES
21628 PROVISION FOR ADDITIONAL COVERAGE
21629 OTHER PROVISIONS
LIFE - INDIVIDUAL 21631 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
21632 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
21633 PROVISION FOR OUTSTANDING CLAIMS
21635 PROVISION FOR FINANCIAL SURPLUS
21636 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
21638 PROVISION FOR OUTSTANDING CLAIMS
21639 OTHER PROVISIONS
LIFE - WITH SURVIVOR
COVERAGE
21631 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
21632 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
21633 PROVISION FOR OUTSTANDING CLAIMS
21635 PROVISION FOR FINANCIAL SURPLUS
21636 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
21638 PROVISION FOR OUTSTANDING CLAIMS
21639 OTHER PROVISIONS
TECHNICAL PROVISIONS –
REINSURERS
21641 PROVISION FOR UNEARNED PREMIUMS
21643 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
21644 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
21645 PROVISION FOR OUTSTANDING CLAIMS
21647 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
21649 OTHER PROVISIONS
TECHNICAL PROVISIONS –
PRIVATE SUPPLEMENTARY
PENSION
FROZEN PLANS 21711 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
21712 PROVISION FOR UNEARNED PREMIUMS
21714 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
21715 PROVISION FOR OUTSTANDING CLAIMS
21716 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
21719 OTHER PROVISIONS
UNFROZEN PLANS 21721 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
21722 PROVISION FOR UNEARNED PREMIUMS
21724 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
21726 PROVISION FOR OUTSTANDING CLAIMS
21727 PROVISION FOR FINANCIAL SURPLUS
21728 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
21729 OTHER PROVISIONS
PGBL/PRGP 21721 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
21722 PROVISION FOR UNEARNED PREMIUMS
21724 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
21726 PROVISION FOR OUTSTANDING CLAIMS
21727 PROVISION FOR FINANCIAL SURPLUS
21728 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
21729 OTHER PROVISIONS
TECHNICAL PROVISIONS –
CAPITALIZATION
PROVISION FOR REDEMPTIONS 21811 MATHEMATICAL PROVISION FOR
CAPITALIZATION
21812 PROVISION FOR EARLY REDEMPTION OF
SECURITIES
21813 PROVISION FOR REDEMPTION OF OVERDUE
SECURITIES
PROVISION FOR PRIZE DRAWS 21821 PROVISION FOR PRIZE DRAWS TO BE HELD
21822 PROVISION FOR PRIZES PAYABLE
ADMINISTRATIVE PROVISION 2183 ADMINISTRATIVE PROVISION
PROVISION FOR PRIZE DRAW
SUPPLEMENT
2184 PROVISION FOR PRIZE DRAW SUPPLEMENT
PROVISION FOR BONUS PAYOUT 2185 PROVISION FOR BONUS PAYOUT
OTHER PROVISIONS 2188 OTHER PROVISIONS
OTHER DEBITS
FINANCIAL DERIVATIVES 2191 LINKED TO FINANCIAL DERIVATIVES
PROVISIONS FOR LEGAL
CONTINGENCIES
2192 TAX LIABILITIES
2193 PROVISIONS FOR LABOR CONTINGENCIES
2194 PROVISIONS FOR CIVIL CONTINGENCIES
2198 OTHER PROVISIONS
2199 SUNDRY DEBITS
NON-SAVINGS BOND REVENUE –
SINGLE PAYMENTS
2195 NON-SAVINGS BOND REVENUE – SINGLE
PAYMENTS
NON-CURRENT LIABILITIES
ACCOUNTS PAYABLE
LIABILITIES PAYABLE 2211 LIABILITIES PAYABLE
DEFERRED TAXES 2212 DEFERRED TAXES
LOANS AND FINANCING 2213 LOANS
2214 FINANCING
OTHER ACCOUNTS PAYABLE 2218 OTHER ACCOUNTS PAYABLE
DEBITS FROM INSURANCE AND
REINSURANCE TRANSACTIONS
TRANSACTIONS WITH INSURERS 2221 INSURERS
TRANSACTIONS WITH
REINSURERS
2222 REINSURERS
INSURANCE AND REINSURANCE
BROKERS
2223 INSURANCE AND REINSURANCE BROKERS
2224 COMMISSIONS AND INTEREST ON
PREMIUMS ISSUED
OTHER OPERATING DEBITS 2225 OTHER OPERATING DEBITS
DEBITS FROM PRIVATE
SUPPLEMENTARY PENSION
TRANSACTIONS
REINSURANCE DEBITS 22261 PRIVATE SUPPLEMENTARY PENSION
REINSURANCE DEBITS
TRANSFERS 22262 PRIVATE SUPPLEMENTARY PENSION
TRANSFER DEBITS
OTHER OPERATING DEBITS 2227 OTHER OPERATING DEBITS
DEBITS FROM CAPITALIZATION
TRANSACTIONS
OPERATING DEBITS 2228 DEBITS FROM CAPITALIZATION
TRANSACTIONS
TECHNICAL PROVISIONS –
INSURANCE
PROPERTY 22311 PROVISION FOR UNEARNED PREMIUMS
22313 PROVISION FOR ADDITIONAL COVERAGE
22315 PROVISION FOR OUTSTANDING CLAIMS
22316 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
22317 PROVISION FOR RELATED EXPENSES
22319 OTHER PROVISIONS
PERSONAL 22321 PROVISION FOR UNEARNED PREMIUMS
22323 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
22324 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
22325 PROVISION FOR OUTSTANDING CLAIMS
22326 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
22327 PROVISION FOR ADDITIONAL COVERAGE
22328 PROVISION FOR RELATED EXPENSES
22329 OTHER PROVISIONS
LIFE - INDIVIDUAL 22331 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
22332 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
22333 PROVISION FOR UNEARNED PREMIUMS
22335 PROVISION FOR FINANCIAL SURPLUS
22336 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
22338 PROVISION FOR OUTSTANDING CLAIMS
22339 OTHER PROVISIONS
LIFE - WITH SURVIVOR
COVERAGE
22331 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
22332 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
22333 PROVISION FOR UNEARNED PREMIUMS
22335 PROVISION FOR FINANCIAL SURPLUS
22336 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
22338 PROVISION FOR OUTSTANDING CLAIMS
22339 OTHER PROVISIONS
TECHNICAL PROVISIONS -
REINSURER
22341 PROVISION FOR UNEARNED PREMIUMS
22343 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
22344 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
22345 PROVISION FOR OUTSTANDING CLAIMS
22347 PROVISION FOR CLAIMS INCURRED BUT NOT
YET REPORTED
22349 OTHER PROVISIONS
TECHNICAL PROVISIONS –
PRIVATE SUPPLEMENTARY
PENSION
FROZEN PLANS 22411 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
22412 PROVISION FOR UNEARNED PREMIUMS
22414 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
22419 OTHER PROVISIONS
UNFROZEN PLANS 22421 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
22422 PROVISION FOR UNEARNED PREMIUMS
22424 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
22426 PROVISION FOR FINANCIAL SURPLUS
22429 OTHER TECHNICAL PROVISIONS - PRIVATE
PENSION
PGBL/PRGP 22421 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
22422 PROVISION FOR UNEARNED PREMIUMS
22424 MATHEMATICAL PROVISION FOR BENEFITS
GRANTED
22426 PROVISION FOR FINANCIAL SURPLUS
22429 OTHER TECHNICAL PROVISIONS - PRIVATE
PENSION
TECHNICAL PROVISIONS –
CAPITALIZATION
PROVISION FOR REDEMPTIONS 2251 PROVISION FOR REDEMPTIONS
PROVISION FOR PRIZE DRAWS 2252 PROVISION FOR PRIZE DRAWS
ADMINISTRATIVE PROVISION 2254 ADMINISTRATIVE PROVISION
PROVISION FOR PRIZE DRAW 2255 PROVISION FOR PRIZE DRAW SUPPLEMENT
SUPPLEMENT
PROVISION FOR BONUS PAYOUT 2256 PROVISION FOR BONUS PAYOUT
OTHER PROVISIONS 2258 OTHER PROVISIONS TÉC. - CAPITALIZATION
OTHER DEBITS
FINANCIAL DERIVATIVES 2281 LINKED TO FINANCIAL DERIVATIVES
PROVISIONS FOR LEGAL
CONTINGENCIES
2282 TAX LIABILITIES
2283 PROVISIONS FOR LABOR CONTINGENCIES
2284 PROVISIONS FOR CIVIL CONTINGENCIES
2288 OTHER PROVISIONS
DEFERRED REVENUE - SAVINGS
BONDS
2285 DEFERRED REVENUE - SAVINGS BONDS
SUNDRY DEBITS 2289 SUNDRY DEBITS
SHAREHOLDERS’ EQUITY
CAPITAL STOCK 2411 CAPITAL STOCK
CAPITAL INCREASE / REDUCTION
(AWAITING APPROVAL)
2412 CAPITAL INCREASE / REDUCTION (AWAITING
APPROVAL)
CAPITAL RESERVES 2413 CAPITAL RESERVES
REVALUATION RESERVES 2414 REVALUATION RESERVES
REVENUE RESERVES 2415 REVENUE RESERVES
EQUITY VALUATION
ADJUSTMENT
24161 ADJUSTMENT OF MARKETABLE SECURITY
VALUATION
24162 FOREIGN EXCHANGE VARIATIONS OF EQUITY
INVESTMENTS ABROAD
24169 OTHER EQUITY VALUATION ADJUSTMENTS
ACCUMULATED PROFITS OR
LOSSES
2418 ACCUMULATED PROFITS OR LOSSES
(-) TREASURY STOCK (*) 2419 (-) TREASURY STOCK (*)
SHAREHOLDERS’ EQUITY OF NOT-
FOR-PROFIT PRIVATE
SUPPLEMENTARY PENSION
ENTITIES
SHAREHOLDERS’ EQUITY 2421 SHAREHOLDERS’ EQUITY
EQUITY RESERVES 2423 EQUITY RESERVES
REVALUATION RESERVES 2424 REVALUATION RESERVES
RETAINED EARNINGS 2425 RETAINED EARNINGS
EQUITY VALUATION
ADJUSTMENT
24261 ADJUSTMENT OF MARKETABLE SECURITY
VALUATION
24269 OTHER EQUITY VALUATION ADJUSTMENTS
ACCUMULATED SURPLUSES OR
DEFICITS
2428 ACCUMULATED SURPLUSES OR DEFICITS
(*) OBS.: The balance of the "2419 - TREASURY STOCK" account should be presented as a
reduction of the balance of the Shareholders’ Equity account, from which the funds were
taken for their acquisition.
Continuation of SUSEP Circular nº 517 of 2015.
223-226
CONSOLIDATION OF THE INCOME STATEMENT (INSURANCE) ACCOUNTS FOR PUBLICATION
PUBLICATION MODEL ANALYTICAL MODEL
PREMIUMS ISSUED INSURANCE PREMIUMS (-) VGBL AND VRGP
311111 DIRECT
311112 CO-INSURANCE ACCEPTED FROM
COUNTERPARTS
311113 CO-INSURANCE CEDED TO COUNTERPARTS
311114 DPVAT PREMIUMS
311115 PREMIUMS - EXISTING RISKS FOR WHICH
POLICIES HAVE NOT YET BEEN ISSUED
RETROCESSIONS
311161 PREMIUMS – ACCEPTED RETROCESSIONS
311165 CANCELLATION OF ACCEPTED
RETROCESSIONS
311166 RETURN OF ACCEPTED RETROCESSIONS
DPVAT TRANSFERS
311171 DPVAT TRANSFERS
RECOVERY OF INITIAL CONTRACT COSTS
31112 RECOVERY OF INITIAL CONTRACT COSTS
(+/-) VARIATIONS IN PREMIUM
TECHNICAL PROVISIONS
31181 PROVISION FOR UNEARNED PREMIUMS
31183 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS (-) VGBL AND VRGP
31188 OTHER PROVISIONS (-) VGBL AND VRGP
(=) PREMIUMS EARNED
(+) REVENUES FROM POLICIES
ISSUED
31249 ISSUING OF DPVAT CERTIFICATES
(-) CLAIMS INCURRED 3131 CLAIMS (-) VGBL AND VRGP
3132 CLAIMS RECOVERY
3133 SALVAGE
3134 INDEMNITIES
3135 VARIATIONS IN THE PROVISION FOR CLAIMS
INCURRED BUT NOT YET REPORTED
3137 SUPPORT SERVICES
(-) ACQUISITION COSTS 3141 COMMISSIONS ON PREMIUMS (-) VGBL
3142 RECOVERY OF COMMISSIONS (-) VGBL
3143 OTHER ACQUISITION COSTS (-) VGBL
3145 VARIATIONS IN DEFERRED ACQUISITION
COST (-)VGBL
(+) EARNINGS FROM
CONTRIBUTIONS AND PREMIUMS
311111 DIRECT PREMIUMS (VGBL AND VRGP)
(-) MAKING A PROVISION FOR
FUTURE BENEFITS
31183 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS (-) VGBL AND VRGP
3118322 PAYMENTS TO SURVIVORS - INCOME -
CAPITALIZATION
(=) EARNINGS FROM VGBL
CONTRIBUTIONS AND PREMIUMS
(+) EARNINGS FROM 3121 EARNINGS FROM MANAGEMENT FEES
MANAGEMENT AND OTHER FEES (VGBL AND VRGP)
3122 EARNINGS FROM POLICY MANAGEMENT
(VGBL AND VRGP)
3123 EARNINGS FROM OTHER FEES (VGBL AND
VRGP)
(+/-) VARIATIONS IN OTHER
TECHNICAL PROVISIONS
311883 PROVISION FOR RELATED EXPENSES (VGBL
AND VRGP)
311889 OTHER PROVISIONS (VGBL AND VRGP)
(+) RETAINED BENEFITS 31315 EXPENDITURE ON BENEFITS - INDIVIDUAL
LIFE INSURANCE (VGBL AND VRGP)
31317 EXPENDITURE ON BENEFITS GRANTED
(VGBL AND VRGP)
(-) ACQUISITION COSTS 3141 COMMISSIONS ON PREMIUMS (VGBL AND
VRGP)
3142 RECOVERY OF COMMISSIONS(VGBL AND
VRGP)
3143 OTHER SALES EXPENSES (VGBL AND VRGP)
3145 VARIATIONS ON DEFERRED SALES EXPENSES
(VGBL AND VRGP)
(+) OTHER OPERATING INCOME
AND EXPENSES
3151 OTHER OPERATING INCOME
3152 OTHER OPERATING EXPENSES
(+) NET REINSURANCE INCOME
(EXPENSES)
(+) REINSURANCE INCOME 3191 REINSURANCE INCOME
3192 INCOME FROM PROFIT SHARING
(-) REINSURANCE EXPENSES 3193 REINSURANCE EXPENSES
3194 SALVAGE AND REIMBURSEMENTS
(+/-) OTHER NET INCOME
(EXPENSES) FROM REINSURANCE
3199 OTHER NET INCOME (EXPENSES) FROM
REINSURANCE TRANSACTIONS
(-) ADMINISTRATIVE EXPENSES 3511 COMPANY PERSONNEL
3521 THIRD-PARTY SERVICES
3531 LOCATION AND OPERATIONS
3541 INSTITUTIONAL ADVERTIZING AND
PUBLICITY
3561 PUBLICATIONS
3571 DONATIONS AND CONTRIBUTIONS
3581 SUNDRY ADMINISTRATIVE EXPENSES
3591 ADMINISTRATIVE EXPENSES – DPVAT
(-) TAX EXPENDITURE 3551 TAX EXPENDITURE
(-) NET FINANCIAL INCOME
(EXPENSES)
361 FINANCIAL INCOME
362 FINANCIAL EXPENSES
(-) EQUITY ACCOUNTING INCOME
(EXPENSES)
37111 PROPERTY INCOME
37211 EXPENDITURE ON PROPERTY HELD FOR
INCOME OR SALE
37112 ADJUSTMENT OF INVESTMENTS IN
SUBSIDIARIES AND AFFILIATES
37212 ADJUSTMENT OF INVESTMENTS IN
SUBSIDIARIES AND AFFILIATES
37113 OTHER INVESTMENTS
37213 OTHER INVESTMENTS
(=) NET OPERATING INCOME
(EXPENSES)
(+) NET GAINS OR LOSSES ON
NON-CURRENT ASSETS
38 NET GAINS OR LOSSES ON NON-CURRENT
ASSETS
(=) NET INCOME (EXPENSES)
BEFORE TAXES AND PROFIT
SHARING
(-) INCOME TAX 391111 INCOME TAX
(-) SOCIAL CONTRIBUTION 391112 SOCIAL CONTRIBUTION
(-) PROFIT SHARING 392 PROFIT SHARING
(=) NET PROFIT (LOSS)
(/) NUMBER OF SHARES
(=) NET PROFIT (LOSS) PER SHARE
Continuation of SUSEP Circular nº 517 of 2015.
226-228
CONSOLIDATION OF THE INCOME STATEMENT (REINSURANCE) ACCOUNTS FOR PUBLICATION
PUBLICATION MODEL ANALYTICAL MODEL
PREMIUMS ISSUED 32111 REINSURANCE PREMIUMS
32116 ACCEPTED RETROCESSIONS
32117 BRANCHES ABROAD
(+/-) VARIATIONS IN THE
TECHNICAL PROVISIONS
3212 VARIATIONS IN THE TECHNICAL
PROVISIONS
(=) PREMIUMS EARNED
(-) CLAIMS INCURRED 3221 CLAIMS
3223 SALVAGE
3224 INDEMNITIES
3225 VARIATIONS IN THE PROVISION FOR
CLAIMS INCURRED BUT NOT YET
REPORTED
(-) ACQUISITION COSTS 3233 COST OF BROKERAGE
3235 VARIATIONS IN THE DEFERRED COST
OF BROKERAGE
(-) OTHER OPERATING INCOME
AND EXPENSES
3241 OTHER OPERATING INCOME
3242 OTHER OPERATING EXPENSES
(+) NET INCOME (EXPENSES)
FROM RETROCESSION
3291 INCOME FROM RETROCESSION
3292 INCOME FROM PROFIT SHARING
3293 EXPENSES OF RETROCESSION
3294 SALVAGE AND REIMBURSEMENT OF
RETROCESSIONNAIRE
3299 OTHER NET INCOME (EXPENSES)
FROM RETROCESSION TRANSACTIONS
(-) ADMINISTRATIVE EXPENSES 3511 COMPANY PERSONNEL
3521 THIRD-PARTY SERVICES
3531 LOCATION AND OPERATIONS
3541 ADVERTIZING AND PUBLICITY
3561 PUBLICATIONS
3571 DONATIONS AND CONTRIBUTIONS
3581 SUNDRY ADMINISTRATIVE EXPENSES
(-) TAX EXPENDITURE 3551 TAX EXPENDITURE
(+) NET FINANCIAL INCOME
(EXPENSES)
(+) FINANCIAL INCOME 361 FINANCIAL INCOME
(-) FINANCIAL EXPENSES 362 FINANCIAL EXPENSES
(+) EQUITY ACCOUNTING INCOME
(EXPENSES)
37111 PROPERTY INCOME
37211 EXPENDITURE ON PROPERTY HELD
FOR INCOME OR SALE
37112 ADJUSTMENT OF INVESTMENTS IN
SUBSIDIARIES AND AFFILIATES
37212 ADJUSTMENT OF INVESTMENTS IN
SUBSIDIARIES AND AFFILIATES
37113 OTHER INVESTMENTS
37213 OTHER INVESTMENTS
(=) NET OPERATING INCOME
(EXPENSES)
(+) NET GAINS OR LOSSES ON
NON-CURRENT ASSETS
38 NET GAINS OR LOSSES ON NON-
CURRENT ASSETS
(+) NET INCOME (EXPENSES)
BEFORE TAXES AND PROFIT
SHARING
(-) INCOME TAX 391111 INCOME TAX
(-) SOCIAL CONTRIBUTION 391112 SOCIAL CONTRIBUTION
(-) PROFIT SHARING 392 PROFIT SHARING
(=) NET PROFIT (LOSS)
(/) NUMBER OF SHARES
(=) NET PROFIT (LOSS) PER SHARE
Continuation of SUSEP Circular nº 517 of 2015.
229-231
CONSOLIDATION OF THE INCOME STATEMENT (CAPITALIZATION) ACCOUNTS FOR PUBLICATION
PUBLICATION MODEL ANALYTICAL MODEL
(+) NET EARNINGS FROM SAVINGS
BONDS
341 NET EARNINGS FROM SAVINGS BONDS
(+) SAVINGS BOND REVENUE 3411 SAVINGS BOND REVENUE
(+/-) VARIATIONS IN THE
PROVISION FOR REDEMPTION
3412 VARIATIONS IN THE PROVISION FOR
REDEMPTION
(+/-) VARIATIONS IN THE
DEFERRED REVENUE FROM
SAVINGS BONDS
3413 VARIATIONS IN THE DEFERRED REVENUE
FROM SAVINGS BONDS
(+/-) VARIATIONS IN THE
TECHNICAL PROVISIONS
342 VARIATIONS IN THE TECHNICAL
PROVISIONS
(+) NET INCOME (EXPENSES)
FROM PRIZE DRAWS
343 NET INCOME (EXPENSES) FROM PRIZE
DRAWS
(-) ACQUISITION COSTS 344 ACQUISITION COST
(+) OTHER OPERATING INCOME
AND EXPENSES
(+) OTHER OPERATING INCOME 3451 OTHER OPERATING INCOME
(-) OTHER OPERATING EXPENSES 3452 OTHER OPERATING EXPENSES
(-) ADMINISTRATIVE EXPENSES
(+) COMPANY PERSONNEL 3511 COMPANY PERSONNEL
(+) THIRD-PARTY SERVICES 3521 THIRD-PARTY SERVICES
(+) LOCATION AND OPERATIONS 3531 LOCATION AND OPERATIONS
(+) ADVERTIZING AND PUBLICITY 3541 ADVERTIZING AND PUBLICITY
(+) PUBLICATIONS 3561 PUBLICATIONS
(+) DONATIONS AND
CONTRIBUTIONS
3571 DONATIONS AND CONTRIBUTIONS
(+) SUNDRY ADMINISTRATIVE
EXPENSES
3581 SUNDRY ADMINISTRATIVE EXPENSES
(-) TAX EXPENDITURE 3551 TAX EXPENDITURE
(+) NET FINANCIAL INCOME
(EXPENSES)
(+) FINANCIAL INCOME 361 FINANCIAL INCOME
(-) FINANCIAL EXPENSES 362 FINANCIAL EXPENSES
(+) EQUITY ACCOUNTING INCOME
(EXPENSES)
(+) PROPERTY INCOME 37111 PROPERTY INCOME
(-) EXPENDITURE ON PROPERTY
HELD FOR INCOME OR SALE
37211 EXPENDITURE ON PROPERTY HELD FOR
INCOME OR SALE
(+) INCOME FROM ADJUSTMENT
OF INVESTMENTS IN SUBSIDIARIES
AND AFFILIATES
37112 INCOME FROM ADJUSTMENT OF
INVESTMENTS IN SUBSIDIARIES AND
AFFILIATES
(-) EXPENDITURE ON
ADJUSTMENT OF INVESTMENTS IN
SUBSIDIARIES AND AFFILIATES
37212 EXPENDITURE ON ADJUSTMENT OF
INVESTMENTS IN SUBSIDIARIES AND
AFFILIATES
(+) INCOME FROM OTHER
INVESTMENTS
37113 INCOME FROM OTHER INVESTMENTS
(-) EXPENDITURE ON OTHER
INVESTMENTS
37213 EXPENDITURE ON OTHER INVESTMENTS
(=) NET OPERATING INCOME
(EXPENSES)
(+) NET GAINS OR LOSSES ON
NON-CURRENT ASSETS
38 NET GAINS OR LOSSES ON NON-CURRENT
ASSETS
(=) NET INCOME (EXPENSES)
BEFORE TAXES AND PROFIT
SHARING
(-) INCOME TAX 391111 INCOME TAX
(-) SOCIAL CONTRIBUTION 391112 SOCIAL CONTRIBUTION
(-) PROFIT SHARING 392 PROFIT SHARING
(=) NET PROFIT (LOSS)
(/) NUMBER OF SHARES
(=) NET PROFIT (LOSS) PER SHARE
Continuation of SUSEP Circular nº 517 of 2015.
231-239
CONSOLIDATIONOF THE INCOME STATEMENT (PRIVATE SUPPLEMENTARY PENSION AND INSURANCE)
ACCOUNTS FOR PUBLICATION
PUBLICATION MODEL ANALYTICAL MODEL
EARNINGS FROM CONTRIBUTIONS
AND PREMIUMS
311111 DIRECT PREMIUMS - VGBL AND VRGP
CONTRIBUTIONS – FROZEN PLANS
33117 INCOME PLANS – RETIREMENT –
CAPITALIZATION – frozen (TRADITIONAL)
REIMBURSEMENTS - FROZEN
331191 INCOME PLANS
CONTRIBUTIONS – UNFROZEN PLANS
33127 INCOME PLANS – RETIREMENT –
CAPITALIZATION (TRADITIONAL)
33128 VARIABLE CONTRIBUTION PLANS (PGBL)
REIMBURSEMENTS – UNFROZEN PLANS
331291 INCOME PLANS
(-) MAKING A PROVISION FOR
FUTURE BENEFITS
31183 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS – VGBL AND VGRP
3118322 PAYMENTS TO SURVIVORS - INCOME –
CAPITALIZATION
VARIATIONS IN THE TECHNICAL
PROVISIONS - FROZEN PLANS
332117 INCOME PLANS – RETIREMENT –
CAPITALIZATION
VARIATIONS IN THE TECHNICAL
PROVISIONS - UNFROZEN PLANS
332217 INCOME PLANS – RETIREMENT –
CAPITALIZATION
332218 VARIABLE CONTRIBUTION PLANS
(=) EARNINGS FROM VGBL
CONTRIBUTIONS AND PREMIUMS
(+) EARNINGS FROM
MANAGEMENT AND OTHER FEES
3121 EARNINGS FROM MANAGEMENT FEES
(VGBL)
3122 EARNINGS FROM POLICY MANAGEMENT
(VGBL)
3123 EARNINGS FROM OTHER FEES (VBGL)
3331 EARNINGS FROM MANAGEMENT FEES
(PGBL+FAPI)
3332 EARNINGS FROM POLICY MANAGEMENT
3333 EARNINGS FROM OTHER FEES
(+/-) VARIATIONS IN OTHER
TECHNICAL PROVISIONS
311883 PROVISION FOR RELATED EXPENSES –
VGBL
311889 OTHER PROVISIONS – VGBL AND VRGP
OTHER PROVISIONS (FROZEN)
332192 PROVISION FOR RELATED EXPENSES
332198 OTHER PROVISIONS
OTHER PROVISIONS
332292 PROVISION FOR RELATED EXPENSES
332293 PROVISION FOR TECHNICAL SURPLUS
332298 OTHER PROVISIONS
(+) RETAINED BENEFITS 31315 EXPENDITURE ON BENEFITS
EXPENDITURE ON RETAINED BENEFITS
ADMINISTRATIVE INCOME (EXPENSES)
3341111 FROZEN PLANS
3341113 INCOME PLANS
3341114 LOST LAWSUIT FEES
LEGAL EXPENSES
3341121 FROZEN PLANS
3341123 INCOME PLANS
3341124 LOST LAWSUIT FEES
(-) ACQUISITION COSTS 3141 COMMISSIONS ON PREMIUMS - VGBL
3142 RECOVERY OF COMMISSIONS- VGBL
3143 OTHER ACQUISITION COSTS - VGBL
3145 VARIATIONS IN DEFERRED SALES EXPENSES
COST OF BROKERAGE
335112 INCOME PLANS
335113 SOCIAL SECURITY CONTRIBUTIONS
AGENCY EXPENSES
335122 INCOME PLANS
335123 SOCIAL SECURITY CONTRIBUTIONS
VARIATIONS IN THE COST OF DEFERRED
BROKERAGE AND AGENCY EXPENSES
335142 INCOME PLANS
3352 SALES EXPENSES
3353 EXPENDITURE ON TECHNICAL SERVICES
3358 OTHER ACQUISITION COSTS
(+) OTHER OPERATING INCOME
AND EXPENSES
3361 OTHER OPERATING INCOME
3362 OTHER OPERATING EXPENSES
(-) NET INCOME (EXPENSES) FROM
REINSURANCE TRANSACTIONS
3191 REINSURANCE INCOME (VGBL)
3192 INCOME FROM PROFIT SHARING (VGBL)
3391 REINSURANCE INCOME
3193 REINSURANCE EXPENSES (VGBL)
3194 SALVAGE AND REIMBURSEMENTS TO THE
REINSURER (VGBL)
3392 REINSURANCE EXPENSES
3199, 3399 OTHER NET INCOME (EXPENSES) FROM
REINSURANCE TRANSACTIONS
PREMIUMS ISSUED INSURANCE PREMIUMS (-) VGBL AND
VRGP
311111 DIRECT
311112 CO-INSURANCE ACCEPTED FROM
COUNTERPARTS
311113 CO-INSURANCE CEDED TO COUNTERPARTS
311114 DPVAT PREMIUMS
311115 PREMIUMS - EXISTING RISKS FOR WHICH
POLICIES HAVE NOT YET BEEN ISSUED
RETROCESSIONS
311161 PREMIUMS – ACCEPTED RETROCESSIONS
311165 CANCELLATION OF ACCEPTED
RETROCESSIONS
311166 RETURN OF ACCEPTED RETROCESSIONS
DPVAT TRANSFERS
311171 DPVAT TRANSFERS
(+) CONTRIBUTIONS TO RISK
COVERAGE
INCOME FROM CONTRIBUTIONS - FROZEN
PLANS
33111 LUMP SUM PLANS – PAY-AS-YOU-GO
33112 LUMP SUM PLANS – CAPITALIZATION
33113 INCOME PLANS – PENSION – TERMINAL
FUNDING
33114 INCOME PLANS – PENSION –
CAPITALIZATION
33115 INCOME PLANS – DISABILITY – TERMINAL
FUNDING
33116 INCOME PLANS – DISABILITY –
CAPITALIZATION
REIMBURSEMENTS
331192 RISK PLANS
INCOME FROM CONTRIBUTIONS -
UNFROZEN PLANS
33121 LUMP SUM PLANS – PAY-AS-YOU-GO
33122 LUMP SUM PLANS – CAPITALIZATION
33123 INCOME PLANS – PENSION – TERMINAL
FUNDING
33124 INCOME PLANS – PENSION –
CAPITALIZATION
33125 INCOME PLANS – DISABILITY – TERMINAL
FUNDING
33126 INCOME PLANS – DISABILITY –
CAPITALIZATION
REIMBURSEMENTS
331292 RISK PLANS
(+/-) VARIATIONS IN PREMIUM
TECHNICAL PROVISIONS
31181 PROVISION FOR UNEARNED PREMIUMS
31183 MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS (-) VGBL AND VRGP
31188 OTHER PROVISIONS (-) VGBL AND VRGP
FROZEN PLANS
MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
332112 LUMP SUM PLANS – CAPITALIZATION
332114 INCOME PLANS – PENSION –
CAPITALIZATION
332116 INCOME PLANS – DISABILITY –
CAPITALIZATION
PROVISION FOR UNEARNED PREMIUMS
332121 LUMP SUM PLANS – PAY-AS-YOU-GO
332123 INCOME PLANS – PENSION – TERMINAL
FUNDING
332125 INCOME PLANS – DISABILITY – TERMINAL
FUNDING
OTHER PROVISIONS
332191 PRIVATE SUPPLEMENTARY PENSION PLANS
– PENSION+LUMP SUM+DISABILITY
332192 PROVISION FOR RELATED EXPENSES –
PENSION+LUMP SUM+RISK
OTHER PROVISIONS
3321981 OTHER PROVISIONS – PENSION+LUMP
SUM+DISABILITY
UNFROZEN PLANS
MATHEMATICAL PROVISION FOR FUTURE
BENEFIT PAYMENTS
332212 LUMP SUM PLANS - CAPITALIZATION
332214 INCOME PLANS - PENSION -
CAPITALIZATION
332215 INCOME PLANS - DISABILITY -
CAPITALIZATION
PROVISION FOR UNEARNED PREMIUMS
332221 LUMP SUM PLANS - PAY-AS-YOU-GO
332223 INCOME PLANS - PENSION - TERMINAL
FUNDING
332225 INCOME PLANS - DISABILITY - TERMINAL
FUNDING
OTHER PROVISIONS
332292 PROVISION FOR ADMINISTRATIVE
EXPENSES - PENSION+LUMP SUM+RISK
PROVISION FOR TECHNICAL SURPLUS
3322931 LUMP SUM PLAN - PAY-AS-YOU-GO
3322932 LUMP SUM PLAN - CAPITALIZATION
3322933 INCOME PLANS - PENSION - TERMINAL
FUNDING
3322934 INCOME PLANS - PENSION -
CAPITALIZATION
3322935 INCOME PLANS - DISABILITY - TERMINAL
FUNDING
3322936 INCOME PLANS - DISABILITY -
CAPITALIZATION
332298 OTHER PROVISIONS - PENSION+LUMP
SUM+DISABILITY
(=) PREMIUMS EARNED
(+) EARNINGS FROM POLICY ISSUE
FEES
312 EARNINGS FROM POLICY ISSUE FEES
(-) CLAIMS INCURRED 31311 INDEMNITIES ON CLAIMS REPORTED
31312 INDEMNITIES ON CLAIMS REPORTED BY
CONSORTIA AND FUNDS
31313 CLAIMS EXPENSES
31314 EXPENSES OF CONSORTIUM AND FUND
CLAIMS
31315 EXPENDITURE ON BENEFITS - INDIVIDUAL
LIFE INSURANCE (-) VGBL
31317 EXPENDITURE ON BENEFITS - (-) VGBL
3133 SALVAGE
3134 INDEMNITIES
3135 VARIATIONS IN THE PROVISION FOR
CLAIMS INCURRED BUT NOT YET
REPORTED
3137 SUPPORT SERVICES
EXPENDITURE ON BENEFITS
3341112 LUMP SUM PLANS
3341122 LUMP SUM PLANS
(-) ACQUISITION COSTS 3141 COMMISSIONS (-) VGBL
3142 RECOVERY OF COMMISSIONS (-) VGBL
3143 OTHER ACQUISITION COSTS (-) VGBL
3144 VARIATIONS ON DEFERRED SALES
EXPENSES (-) VGBL
COST OF BROKERAGE
335111 LUMP SUM PLANS
AGENCY EXPENSES
335121 LUMP SUM PLANS
335123 SOCIAL SECURITY CONTRIBUTIONS - LUMP
SUM
VARIATIONS IN THE COST OF DEFERRED
BROKERAGE AND AGENCY EXPENSES
335141 LUMP SUM PLANS
(-) OTHER OPERATING INCOME
AND EXPENSES
3151 OTHER OPERATING INCOME
3152 OTHER OPERATING EXPENSES
(+) NET INCOME (EXPENSES)
FROM REINSURANCE
TRANSACTIONS
(+) REINSURANCE INCOME 3191 REINSURANCE INCOME (-) VGBL
3192 INCOME FROM PROFIT SHARING (-) VGBL
3391 REINSURANCE INCOME
(-) REINSURANCE EXPENSES 3193 REINSURANCE EXPENSES (-) VGBL
3194 SALVAGE AND REIMBURSEMENTS TO THE
REINSURER (-) VGBL
3393 REINSURANCE EXPENSES
(+/-) OTHER NET INCOME
(EXPENSES) FROM REINSURANCE
3199, 3399 OTHER NET INCOME (EXPENSES) FROM
REINSURANCE TRANSACTIONS
(-) ADMINISTRATIVE EXPENSES 3511 COMPANY PERSONNEL
3521 THIRD-PARTY SERVICES
3531 LOCATION AND OPERATIONS
3541 INSTITUTIONAL ADVERTIZING AND
PUBLICITY
3561 PUBLICATIONS
3571 DONATIONS AND CONTRIBUTIONS
3581 SUNDRY ADMINISTRATIVE EXPENSES
359 ADMINISTRATIVE EXPENSES - DPVAT
(-) TAX EXPENDITURE 3551 TAX EXPENDITURE
(+) NET FINANCIAL INCOME
(EXPENSES)
361 FINANCIAL INCOME
362 FINANCIAL EXPENSES
(+) EQUITY ACCOUNTING INCOME
(EXPENSES)
37111 PROPERTY INCOME
37211 EXPENDITURE ON PROPERTY HELD FOR
INCOME OR SALE
37112 ADJUSTMENT OF INVESTMENTS IN
SUBSIDIARIES AND AFFILIATES
37212 ADJUSTMENT OF INVESTMENTS IN
SUBSIDIARIES AND AFFILIATES
37113 OTHER INVESTMENTS
37213 OTHER INVESTMENTS
(=) NET OPERATING INCOME
(EXPENSES)
(+) NET GAINS OR LOSSES ON
NON-CURRENT ASSETS
38 NET GAINS OR LOSSES ON NON-CURRENT
ASSETS
(=) NET INCOME (EXPENSES)
BEFORE TAXES AND PROFIT
SHARING
(-) INCOME TAX 391111 INCOME TAX
(-) SOCIAL CONTRIBUTION 391112 SOCIAL CONTRIBUTION
(-) PROFIT SHARING 392 PROFIT SHARING
(=) NET PROFIT (LOSS)
(/) NUMBER OF SHARES
(=) NET PROFIT (LOSS) PER SHARE
Continuation of SUSEP Circular nº 517 of 2015.
240-247
CONSOLIDATION OF THE INCOME STATEMENT (INSURANCE AND PRIVATE SUPPLEMENTARY
PENSION) ACCOUNTS FOR PUBLICATION
PUBLICATION MODEL ANALYTICAL MODEL
PREMIUMS ISSUED INSURANCE PREMIUMS (-) VGBL AND
VRGP
311111 DIRECT
311112 CO-INSURANCE ACCEPTED FROM
COUNTERPARTS
311113 CO-INSURANCE CEDED TO
COUNTERPARTS
311114 DPVAT PREMIUMS
311115 PREMIUMS - EXISTING RISKS FOR
WHICH POLICIES HAVE NOT YET BEEN
ISSUED
RETROCESSIONS
311161 PREMIUMS – ACCEPTED
RETROCESSIONS
311165 CANCELLATION OF ACCEPTED
RETROCESSIONS
311166 RETURN OF ACCEPTED
RETROCESSIONS
DPVAT TRANSFERS
311171 DPVAT TRANSFERS
RECOVERY OF INITIAL CONTRACT
COSTS
31112 RECOVERY OF INITIAL CONTRACT
COSTS
(+) CONTRIBUTIONS TO RISK
COVERAGE
INCOME FROM CONTRIBUTIONS -
FROZEN PLANS
33111 LUMP SUM PLANS - PAY-AS-YOU-GO
33112 LUMP SUM PLANS - CAPITALIZATION
33113 INCOME PLANS - PENSION -
TERMINAL FUNDING
33114 INCOME PLANS - PENSION -
CAPITALIZATION
33115 INCOME PLANS - DISABILITY -
TERMINAL FUNDING
33116 INCOME PLANS - DISABILITY -
CAPITALIZATION
REIMBURSEMENTS
331192 RISK PLANS
INCOME FROM CONTRIBUTIONS -
UNFROZEN PLANS
33121 LUMP SUM PLANS - PAY-AS-YOU-GO
33122 LUMP SUM PLANS - CAPITALIZATION
33123 INCOME PLANS - PENSION -
TERMINAL FUNDING
33124 INCOME PLANS - PENSION -
CAPITALIZATION
33125 INCOME PLANS - DISABILITY -
TERMINAL FUNDING
33126 INCOME PLANS - DISABILITY -
CAPITALIZATION
REIMBURSEMENTS
331292 RISK PLANS
(+/-) VARIATIONS IN PREMIUM
TECHNICAL PROVISIONS
31181 PROVISION FOR UNEARNED
PREMIUMS
31183 MATHEMATICAL PROVISION FOR
FUTURE BENEFIT PAYMENTS (-) VGBL
AND VRGP
31188 OTHER PROVISIONS (-) VGBL AND
VRGP
FROZEN PLANS
MATHEMATICAL PROVISION FOR
FUTURE BENEFIT PAYMENTS
332112 LUMP SUM PLANS - CAPITALIZATION
332114 INCOME PLANS - PENSION -
CAPITALIZATION
332116 INCOME PLANS - DISABILITY -
CAPITALIZATION
PROVISION FOR UNEARNED
PREMIUMS
332121 LUMP SUM PLANS - PAY-AS-YOU-GO
332123 INCOME PLANS - PENSION -
TERMINAL FUNDING
332125 INCOME PLANS - DISABILITY -
TERMINAL FUNDING
OTHER PROVISIONS
332191 PRIVATE SUPPLEMENTARY PENSION
PLANS - PENSION+LUMP
SUM+DISABILITY
332192 PROVISION FOR RELATED EXPENSES -
PENSION+LUMP SUM+RISK
OTHER PROVISIONS
3321981 OTHER PROVISIONS - PENSION+LUMP
SUM+DISABILITY
UNFROZEN PLANS
MATHEMATICAL PROVISION FOR
FUTURE BENEFIT PAYMENTS
332212 LUMP SUM PLANS - CAPITALIZATION
332214 INCOME PLANS - PENSION -
CAPITALIZATION
332215 INCOME PLANS - DISABILITY -
CAPITALIZATION
PROVISION FOR UNEARNED
PREMIUMS
332221 LUMP SUM PLANS - PAY-AS-YOU-GO
332223 INCOME PLANS - PENSION -
TERMINAL FUNDING
332225 INCOME PLANS - DISABILITY -
TERMINAL FUNDING
OTHER PROVISIONS
332292 PROVISION FOR RELATED EXPENSES -
PENSION+LUMP SUM+RISK
PROVISION FOR TECHNICAL SURPLUS
3322931 LUMP SUM PLAN - PAY-AS-YOU-GO
3322932 LUMP SUM PLAN - CAPITALIZATION
3322933 INCOME PLANS - PENSION -
TERMINAL FUNDING
3322934 INCOME PLANS - PENSION -
CAPITALIZATION
3322935 INCOME PLANS - DISABILITY -
TERMINAL FUNDING
3322936 INCOME PLANS - DISABILITY -
CAPITALIZATION
332298 OTHER PROVISIONS - PENSION+LUMP
SUM+DISABILITY
(=) PREMIUMS EARNED
(+) REVENUES FROM POLICIES
ISSUED
3124 REVENUES FROM POLICIES ISSUED (-)
VGBL
(-) CLAIMS INCURRED 31311 INDEMNITIES ON CLAIMS REPORTED
31312 INDEMNITIES ON CLAIMS REPORTED
BY CONSORTIA AND FUNDS
31313 CLAIMS EXPENSES
31314 EXPENSES OF CONSORTIUM AND
FUND CLAIMS
31315 EXPENDITURE ON BENEFITS -
INDIVIDUAL LIFE INSURANCE (-) VGBL
31317 EXPENDITURE ON BENEFITS - (-) VGBL
3133 SALVAGE
3134 INDEMNITIES
3135 VARIATIONS IN THE PROVISION FOR
CLAIMS INCURRED BUT NOT YET
REPORTED
3137 SUPPORT SERVICES
EXPENDITURE ON BENEFITS
3341112 LUMP SUM PLANS (PAYMENT)
MATHEMATICAL PROVISION FOR
BENEFITS GRANTED
33411171 MATHEMATICAL PROVISION FOR
BENEFITS GRANTED - PENSION
33411172 MATHEMATICAL PROVISION FOR
BENEFITS GRANTED - DISABILITY
3341122 LUMP SUM PLANS
(-) ACQUISITION COSTS 3141 COMMISSIONS (-) VGBL
3142 RECOVERY OF COMMISSIONS (-) VGBL
3143 OTHER ACQUISITION COSTS (-) VGBL
3144 VARIATIONS ON DEFERRED SALES
EXPENSES (-) VGBL
COST OF BROKERAGE
335111 LUMP SUM PLANS
335113 SOCIAL SECURITY CONTRIBUTIONS -
LUMP SUM
AGENCY EXPENSES
335121 LUMP SUM PLANS
335123 SOCIAL SECURITY CONTRIBUTIONS -
LUMP SUM
VARIATIONS IN THE COST OF
DEFERRED BROKERAGE AND AGENCY
EXPENSES
335141 LUMP SUM PLANS
(+) OTHER OPERATING INCOME
AND EXPENSES
3151 OTHER OPERATING INCOME
3152 OTHER OPERATING EXPENSES
(+) NET INCOME (EXPENSES)
FROM REINSURANCE
TRANSACTIONS
(+) REINSURANCE INCOME 3191 REINSURANCE INCOME (-) VGBL
3192 INCOME FROM PROFIT SHARING (-)
VGBL
(-) REINSURANCE EXPENSES 3391 REINSURANCE INCOME
3193 REINSURANCE EXPENSES (-) VGBL
3194 SALVAGE AND REIMBURSEMENTS TO
THE REINSURER (-) VGBL
3392 REINSURANCE EXPENSES
(+/-) OTHER NET INCOME
(EXPENSES) FROM REINSURANCE
3199, 3399 OTHER NET INCOME (EXPENSES)
FROM REINSURANCE TRANSACTIONS
(+) EARNINGS FROM
CONTRIBUTIONS AND PREMIUMS
311111 DIRECT PREMIUMS (VGBL AND VRGP)
CONTRIBUTIONS - FROZEN PLANS
33117 INCOME PLANS - RETIREMENT -
CAPITALIZATION – frozen
(TRADITIONAL)
REIMBURSEMENTS - FROZEN PLANS
331191 INCOME PLANS
CONTRIBUTIONS UNFROZEN PLANS
33127 INCOME PLANS - RETIREMENT -
CAPITALIZATION (TRADITIONAL)
33128 VARIABLE CONTRIBUTION PLANS
(PGBL)
REIMBURSEMENTS - UNFROZEN
PLANS
331291 INCOME PLANS
(-) MAKING A PROVISION FOR
FUTURE BENEFITS
31183 MATHEMATICAL PROVISION FOR
FUTURE BENEFIT PAYMENTS (VGBL
AND VGRP)
311842 PAYMENTS TO SURVIVORS - INCOME -
CAPITALIZATION
VARIATIONS IN THE TECHNICAL
PROVISIONS - FROZEN PLANS
332117 INCOME PLANS - RETIREMENT -
CAPITALIZATION
VARIATIONS IN THE TECHNICAL
PROVISIONS - UNFROZEN PLANS
332217 INCOME PLANS - RETIREMENT -
CAPITALIZATION
332218 VARIABLE CONTRIBUTION PLANS
(=) EARNINGS FROM VGBL
CONTRIBUTIONS AND PREMIUMS
(+) EARNINGS FROM
MANAGEMENT AND OTHER FEES
3121 EARNINGS FROM MANAGEMENT FEES
(VGBL)
3122 EARNINGS FROM POLICY
MANAGEMENT
3123 EARNINGS FROM OTHER FEES
3124 EARNINGS FROM POLICY ISSUE FEES
3331 EARNINGS FROM MANAGEMENT FEES
(PGBL+FAPI)
3332 EARNINGS FROM POLICY
MANAGEMENT
3333 EARNINGS FROM OTHER FEES
(+/-) VARIATIONS IN OTHER
TECHNICAL PROVISIONS
31315 EXPENDITURE ON BENEFITS
EXPENDITURE ON RETAINED BENEFITS
ADMINISTRATIVE INCOME
(EXPENSES)
3341111 FROZEN PLANS
3341113 INCOME PLANS
MATHEMATICAL PROVISION FOR
BENEFITS GRANTED
33411173 MATHEMATICAL PROVISION FOR
BENEFITS GRANTED - RETIREMENT
LEGAL EXPENSES
3341121 FROZEN PLANS
3341123 INCOME PLANS
3341124 LOST LAWSUIT FEES
OTHER PROVISIONS (FROZEN)
332192 PROVISION FOR RELATED EXPENSES
332198 OTHER PROVISIONS
OTHER PROVISIONS
332292 PROVISION FOR RELATED EXPENSES
332293 PROVISION FOR TECHNICAL SURPLUS
332298 OTHER PROVISIONS
(-) ACQUISITION COSTS 3141 COMMISSIONS (VGBL)
3142 RECOVERY OF COMMISSIONS (VGBL)
3143 OTHER ACQUISITION COSTS (VGBL)
3144 VARIATIONS ON DEFERRED SALES
EXPENSES (VGBL)
COST OF BROKERAGE
335112 INCOME PLANS
335113 SOCIAL SECURITY CONTRIBUTIONS
AGENCY EXPENSES
335122 INCOME PLANS
335123 SOCIAL SECURITY CONTRIBUTIONS
VARIATIONS IN THE COST OF
DEFERRED BROKERAGE AND AGENCY
EXPENSES
335142 INCOME PLANS
3352 SALES EXPENSES
3353 EXPENDITURE ON TECHNICAL
SERVICES
3358 OTHER ACQUISITION COSTS
(+) OTHER OPERATING INCOME
AND EXPENSES
31222 INCOME FROM CORRESPONDENTS IN
BRAZIL (VGBL)
33322 INCOME FROM CORRESPONDENTS IN
BRAZIL
3361 OTHER OPERATING INCOME
3362 OTHER OPERATING EXPENSES
(+) NET INCOME (EXPENSES)
FROM REINSURANCE
TRANSACTIONS
(+) REINSURANCE INCOME 3191 REINSURANCE INCOME (VGBL)
3192 INCOME FROM PROFIT SHARING
(VGBL)
3391 REINSURANCE INCOME
(-) REINSURANCE EXPENSES 3193 REINSURANCE EXPENSES (VGBL)
3194 SALVAGE AND REIMBURSEMENTS TO
THE REINSURER (VGBL)
3392 REINSURANCE EXPENSES
(+/-) OTHER NET INCOME
(EXPENSES) FROM REINSURANCE
3199, 3399 OTHER NET INCOME (EXPENSES)
FROM REINSURANCE TRANSACTIONS
(-) ADMINISTRATIVE EXPENSES 3511 COMPANY PERSONNEL
3521 THIRD-PARTY SERVICES
3531 LOCATION AND OPERATIONS
3541 INSTITUTIONAL ADVERTIZING AND
PUBLICITY
3561 PUBLICATIONS
3571 DONATIONS AND CONTRIBUTIONS
3581 SUNDRY ADMINISTRATIVE EXPENSES
359 ADMINISTRATIVE EXPENSES - DPVAT
(-) TAX EXPENDITURE 3551 TAX EXPENDITURE
(+) NET FINANCIAL INCOME
(EXPENSES)
361 FINANCIAL INCOME
362 FINANCIAL EXPENSES
(+) EQUITY ACCOUNTING INCOME
(EXPENSES)
37111 PROPERTY INCOME
37211 EXPENDITURE ON PROPERTY HELD
FOR INCOME OR SALE
37112 ADJUSTMENT OF INVESTMENTS IN
SUBSIDIARIES AND AFFILIATES
37212 ADJUSTMENT OF INVESTMENTS IN
SUBSIDIARIES AND AFFILIATES
37113 OTHER INVESTMENTS
37213 OTHER INVESTMENTS
(=) NET OPERATING INCOME
(EXPENSES)
(+) NET GAINS OR LOSSES ON
NON-CURRENT ASSETS
38 NET GAINS OR LOSSES ON NON-
CURRENT ASSETS
(=) NET INCOME (EXPENSES)
BEFORE TAXES AND PROFIT
SHARING
(-) INCOME TAX 391111 INCOME TAX
(-) SOCIAL CONTRIBUTION 391112 SOCIAL CONTRIBUTION
(-) PROFIT SHARING 392 PROFIT SHARING
(=) NET PROFIT (LOSS)
(/) NUMBER OF SHARES
(=) NET PROFIT (LOSS) PER SHARE
Continuation of SUSEP Circular nº 517 of 2015.
248
STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
ITEM CAPITAL
STOCK
CAPITAL
INCREASE
(REDUCTION)
AWAITING
APPROVAL
RESERVES
ADJUSTMENT
TO FAIR
VALUE
ACCUMULATED
PROFITS/LOSSES TOTAL
CAPITAL REVALUATION REVENUE
BALANCES
BROUGHT
FORWARD
PRIOR YEAR
ADJUSTMENTS
CAPITAL
INCREASE /
REDUCTION:
OGM/EGM of
____/____/____
SUSEP
Regulation Nº
CAPITAL
RESERVES:
Share premiums
Sale of
participation
certificates
Other Capital
Reserves
REVALUATION
RESERVE
Realization
Write-off
MARKETABLE
SECURITIES
NET INCOME
(EXPENSES) FOR
THE PERIOD
PROPOSED
ALLOCATION OF
NET INCOME
Legal Reserve
Contingency
Reserve
Unrealized
Income Reserve
Statutory
Reserves
Interest on
Capital /
Dividends
Other
CLOSING
BALANCES
OBS.: Other turnover not included in this model, if there is any, should also be included, and
any items where there is no turnover should be excluded.
Continuation of SUSEP Circular nº 517 of 2015.
249
STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY OF NOT-FOR-PROFIT ENTITIES
ITEM SHAREHOLDERS’
EQUITY
RESERVES ADJUSTMENT
TO FAIR
VALUE
ACCUMULATED
PROFITS OR
SURPLUSES
TOTAL EQUITY REVALUATION
RETAINED
EARNINGS
BALANCES
BROUGHT
FORWARD
PRIOR YEAR
ADJUSTMENTS
INCREASE /
REDUCTION IN
SHAREHOLDERS’
EQUITY
Donations /
Subsidies to
strengthen
asset position
REVALUATION
RESERVE
Realization
Write-off
MARKETABLE
SECURITIES
SURPLUS /
DEFICIT FOR
THE PERIOD
PROPOSED
ALLOCATION OF
SURPLUS
Statutory
Reserves
Reserves for
Benefit
Contingencies
Other
CLOSING
BALANCES
OBS.: Other turnover not included in this model, if there is any, should also be included, and
any items where there is no turnover should be excluded.
Continuation of SUSEP Circular nº 517 of 2015.
250
CASH FLOW STATEMENT - DIRECT METHOD
OPERATING ACTIVITIES
Income from insurance premiums, pension contributions, management fees and others
Recovery of Claims and Commissions
Other operational income (salvage, reimbursements, etc.)
Payment of claims, benefits, redemptions and commissions
Transfer of premiums on risks ceded
Payment of expenses of insurance and reinsurance transactions
Payment of expenses and obligations
Payment of indemnities and legal costs
Other operational payments
Receipt of Interest and Dividends
Making judicial deposits
Recovering judicial deposits
Payment of Profit Sharing
Cash generated by / (used in) Operations
Taxes and contributions paid:
Interest paid
Financial investments:
Short-term investments
Sales and Redemptions
Net cash generated by / (used in) Operating Activities
INVESTING ACTIVITIES
Income from sales:
Investments
Fixed assets
Intangible assets
Payments for purchases:
Investments
Fixed assets
Intangible assets
Net cash generated by / (used in) Investing Activities
FINANCING ACTIVITIES
Capital increase
Capital reduction
Distribution of Dividends and Interest on Capital
Share buy-back
Sale of company shares
Taking on loans
Payment of loan principal (not interest)
Other
Net cash generated by / (used in) Financing Activities
Net Increase / (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at the Beginning of the Period
Cash and Cash Equivalents at the End of the Period
Continuation of SUSEP Circular nº 517 of 2015.
251-252
CASH FLOW STATEMENT - INDIRECT METHOD
OPERATING ACTIVITIES
Net Profit for the Period
Adjustments for:
Depreciation and Amortization
Loss (Reversal of losses) from reduction in asset recovery value
Changes in the fair value of investment properties
Loss (Gain) on the disposal of fixed and intangible assets
Net Equity Accounting income (expenses)
Other Adjustments
Changes in the Balance Sheet Accounts:
Financial assets
Credits from insurance and reinsurance transactions
Credits from private supplementary pension transactions
Credits from capitalization transactions
Reinsurance assets
Tax and social security credits
Deferred tax assets
Judicial deposits and tax contingencies
Pre-paid expenses
Deferred acquisition costs
Other assets
Taxes and Contributions
Other accounts payable
Debits for insurance and reinsurance transactions
Debits for private supplementary pension transactions
Debits for capitalization transactions
Third-party deposits
Technical provisions - insurance and reinsurance
Technical provisions - private supplementary pensions
Technical provisions - capitalization
Provisions for legal contingencies
Other liabilities
Cash generated by / (used in) Operations
Interest paid
Interest received
Income from Dividends and Interest on Capital
Income tax paid
Net cash generated by / (used in) Operating Activities
INVESTING ACTIVITIES
Income from sales:
Investments
Fixed assets
Intangible assets
Payments for purchases:
Investments
Fixed assets
Intangible assets
Net cash generated by / (used in) Investing Activities
FINANCING ACTIVITIES
Capital increase
Capital reduction
Distribution of Dividends and Interest on Capital
Share buy-back
Sale of company shares
Taking on loans
Payment of loan principal (not interest)
Other
Net cash generated by / (used in) Financing Activities
Net Increase / (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at the Beginning of the Period
Cash and Cash Equivalents at the End of the Period
Continuation of SUSEP Circular nº 517 of 2015.
CORRECTION
In the preamble of SUSEP Circular No. 517, of July 30, 2015, published in the Official Gazette
on November 8, 2015, p. 19, section 1, which reads: "... and Art. 4 of Decree-Law No. 261 of
February 28, 1967, c/c Art. xxx of CNSP Resolution No. xxx, of 2014, and considering the
contents of SUSEP Proceeding No. 15414.001684/2015-67, ... read: "... and Art. 4 of Decree-
Law No. 261 of February 28, 1967, and considering what is contained in SUSEP Proceeding No.
15414.001684 / 2015-67, ... "
In Art. 92, item V, which reads: "... relation to RC; and", read:" ... relation to RC.".