Question ID: 121
Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Template: S.32.01
Status: Final
Date of submission: 27 Jan 2015
Question
In relation to cell L1 QRT S.32.01 it is not clear if the total performance reported in this cell is gross or net of taxes.
If the cell was definied as "profit/loss" we would understand that it is net of taxes.
Since the definition states "total performance" it could be interpretated as the sum of cells J1 (Underwriting performance) and K1 (Investment performance).
Could you clarify which one is correct?
EIOPA answer
All values on profit/loss and on performance should be reported before taxes.