• PIN A3.2 PIN A3.2 Adjusted Capital Resources

    • PIN A3.2.1

      An Insurer must calculate its Adjusted Capital Resources according to the formula:

      ACR = AE–HCA

      where:

      ACR means the Insurer's Adjusted Capital Resources;

      AE means the Insurer's adjusted equity; and

      HCA means the Insurer's hybrid capital adjustment.

    • PIN A3.2.2

      Adjusted equity is calculated as set out in Rule A3.4. The hybrid capital adjustment is set out in Rule A3.5.