As per the regulation document we have, This template is relevant when at least one long term guarantee measure or transitional is used by the undertaking. This template shall reflect the impact on the financial positions when no transitional is used and each LIG measures or transitional is set to zero. For that purpose, a cumulative step-by-step approach should be followed taking out each transitional and LTG measure one by one and without recalculating the impact of the remaining measures after each step. But there is no mention of not report for non-life products in the documentation.

S.22.01 is relevant for life and non-life business as transitionals and the volatility adjustment are relevant for non-life business too. Undertakings that neither applied any transitional nor any LTG measures are exempted from reporting S.22.01. However, if the undertaking applies any long-term guarantee or transitional measure, the template should be reported for the whole business of the undertakings, regardless of the lines of business that may be affected by such measures​.