# Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA relevance), Article 123: Profit and loss attribution

Extent: E+W+S+N.I.

Insurance and reinsurance undertakings shall review, at least annually, the causes and sources of profits and losses for each major business unit.
They shall demonstrate how the categorisation of risk chosen in the internal model explains the causes and sources of profits and losses. The categorisation of risk and attribution of profits and losses shall reflect the risk profile of the insurance and reinsurance undertakings.

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Source: https://www.legislation.gov.uk/eudr/2009/138/article/123 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-138/article-123
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.