Solvency II came into effect on 1 January 2016. Under the new requirements, the majority of European insurers were required to publish Solvency and Financial Condition Reports (SFCRs) for the first time in May 2017. This analysis of European life insurers’ first set of SFCRs covers 200 companies from 13 countries, representing approximately €475 billion of gross written premium and approximately €4,700 billion of gross technical provisions.