Asset-liab

188.51

147.87

212.87

283.35

328.17

237.97

t

Expected InFlows

LTGA Spot curve

Market Value

Down

Up

LTGA DOWN

LTGA UP

Market Value DOWN

Market Value UP

1

-

1.065%

-

75%

70%

0.266%

1.810%

-

-

2

-

0.962%

-

65%

70%

0.337%

1.635%

-

-

3

-

1.006%

-

56%

64%

0.443%

1.650%

-

-

4

-

1.189%

-

50%

59%

0.595%

1.891%

-

-

5

-

1.382%

-

46%

55%

0.746%

2.143%

-

-

6

-

1.572%

-

42%

52%

0.912%

2.390%

-

-

7

-

1.738%

-

39%

49%

1.060%

2.590%

-

-

8

-

1.868%

-

36%

47%

1.196%

2.746%

-

-

9

-

1.978%

-

33%

44%

1.325%

2.848%

-

-

10

-

2.075%

-

31%

42%

1.432%

2.946%

-

-

11

-

2.166%

-

30%

39%

1.516%

3.011%

-

-

12

-

2.249%

-

29%

37%

1.596%

3.080%

-

-

13

-

2.308%

-

28%

35%

1.662%

3.116%

-

-

14

-

2.352%

-

28%

34%

1.694%

3.152%

-

-

15

-

2.381%

-

27%

33%

1.738%

3.167%

-

-

16

-

2.399%

-

28%

31%

1.727%

3.142%

-

-

17

-

2.405%

-

28%

30%

1.732%

3.127%

-

-

18

-

2.405%

-

28%

29%

1.731%

3.102%

-

-

19

-

2.400%

-

29%

27%

1.704%

3.048%

-

-

20

-

2.392%

-

29%

26%

1.699%

3.014%

-

-

21

-

2.380%

-

29%

26%

1.699%

3.014%

-

-

22

-

2.364%

-

29%

26%

1.699%

3.014%

-

-

23

-

2.345%

-

29%

26%

1.699%

3.014%

-

-

24

-

2.323%

-

29%

26%

1.699%

3.014%

-

-

25

500.00

2.298%

283.35

29%

26%

1.699%

3.014%

328.17

237.97