Effects from implementing IFRS 17
The new accounting rules for the recognition, measurement and presentation of insurance contracts (IFRS 17) was mandatory for the reporting period beginning on 1 January 2023, with requirements for comparable figures for 2022. The DNB Group will report in accordance with IFRS 17 as of the first quarter of 2023. Meaning there will be no changes related to IFRS 17 in the fourth quarter report 9 February 2023. The IFRS 17 rules are effective only for the DNB Group’s accounts; that is, the rules are not being introduced in the company accounts for DNB Livsforsikring. The transition to IFRS